Core Viewpoint - The article discusses the potential investment strategy involving a bear call spread on Strategy stock, which is currently underperforming and facing downward pressure due to its declining relative strength and moving averages [1][5]. Summary by Sections Stock Performance - Strategy stock closed near its daily low and is below the 21-day, 50-day, and 200-day moving averages, indicating a bearish trend [1]. - The relative strength line for Strategy has been declining since mid-July, suggesting ongoing weakness in the stock [1]. Options Strategy - A bear call spread strategy is proposed, which involves selling an out-of-the-money call and buying a further out-of-the-money call, allowing for potential profit if the stock remains below a certain price [2]. - Specifically, a Nov. 21 expiry bear call spread using the 350-355 strike prices can be sold for around $1 [2]. Profit and Loss Potential - The maximum profit from this trade would be $100, while the maximum loss could reach $400, representing a potential return of 25% if the stock closes below 350 on Nov. 21 [3]. - The break-even price for this strategy is set at 351 at expiration, with a stop-loss suggested if the stock trades above 330 or if the spread value increases from $1 to $2 [4]. Ratings and Earnings - Investor's Business Daily rates Strategy stock with a Composite Rating of 20 out of 99, an Earnings Per Share Rating of 32, and a Relative Strength Rating of 21, ranking it 53rd in its group [5]. - The company is expected to report earnings in late October, which introduces earnings risk for the proposed options strategy if held until expiration [5].

Core Insights - Intuit Inc. is set to report its earnings on August 21, 2025, with a historical positive post-earnings reaction rate of 71% over the past five years, yielding a median gain of 2.9% [2][7] - The consensus for the upcoming quarter anticipates earnings per share (EPS) of $2.66 on revenue of $3.75 billion, compared to EPS of $1.99 on revenue of $3.18 billion in the same quarter last year [3] - Intuit's current market capitalization is $201 billion, with trailing twelve months revenue of $18 billion, operating profit of $4.7 billion, and net income of $3.5 billion [4] Earnings Reaction History - Over the last five years, Intuit experienced 12 positive and 5 negative one-day (1D) moves post-earnings, resulting in a positive hit rate of approximately 71% [7] - In the last three years, the positive reaction rate has slightly decreased to 67%, with a median positive return of 2.9% and a median negative return of -3.8% [7] Trading Strategies - A pre-earnings strategy suggests using historical probabilities of positive reactions to establish positions ahead of earnings releases [6] - A post-earnings strategy involves evaluating immediate reactions and their correlation with medium-term performance to inform trading decisions [6][8] Correlation with Peers - The performance of peers can influence Intuit's post-earnings reactions, with historical data indicating correlations between Intuit's 1D moves and those of its peers reporting around the same time [9]

Group 1 - The company Strategy (MSTR.US) announced the purchase of 430 bitcoins for a total price of $51.4 million, increasing its total bitcoin holdings to 629,378 bitcoins, valued at $4.615 billion [1] - The average purchase price for the bitcoins was $119,700 each, while the bitcoin price fell by 2.4% to $115,400, leading to a 0.85% decline in Strategy's stock price on the same day [1] - Strategy updated its At-the-Market (ATM) equity program to include a new purpose for raised funds, which is to issue Strategy stock when the defined mNAV (market-adjusted net asset value) is below 2.5 times [1] Group 2 - During the period from August 11 to 17, the company did not sell any common stock through the ATM plan but raised a total of $50.4 million by selling shares of STRK, STRF, and STRD stocks [2]

Core Viewpoint - Deel, a human resources technology startup valued at $12 billion, is embroiled in a corporate espionage scandal, leading to the resignation of its communications chief, Elisabeth Diana [1][2]. Group 1: Company Background - Deel was co-founded by Alex Bouaziz and Wang Shuo, with Wang being a Chinese entrepreneur who studied at MIT [1]. - The company is currently facing legal disputes with competitor Rippling, which has accused Deel of hiring its employees for espionage activities [1][2]. Group 2: Recent Developments - A former Rippling employee, Keith O'Brien, submitted a sworn statement alleging that Deel's CEO, Alex Bouaziz, offered him $6,000 per month to spy on Rippling [2]. - O'Brien claimed Bouaziz compared him to a 007 agent and suggested destroying evidence, including smashing his phone [2]. - Deel's spokesperson has denied these allegations, labeling them as baseless and accusing Rippling of using litigation as a business strategy [2]. Group 3: Implications and Future Outlook - The ongoing legal battle is expected to reveal more details regarding the espionage claims, which could significantly impact Deel's valuation if the allegations are proven true [3].