Stonks: Boeing going down, $ULTA earnings, $BABA and pot stocks

Here’s some headlines we couldn’t squeeze in:

• SpaceX Weighs Plan to Sell Shares at $200 Billion Valuation 

• $TNDM to present a “company update” June 6th

• Nvidia CEO Jensen Huang’s net worth rockets to $90 billion - after stock soars well over $1,000 per share 

• Billionaire Ray Dalio's Offloads Cisco, HP, and More to Double Stake in Nvidia, Boost 'Magnificent Seven' Holdings

• They wrote an article on the WSB guy who bought GMED instead of GME

Boeing to hit negative cash flow in 2024 

• Boeing (BA) was previously expected to have positive cash flow in 2024

• Latest update shows negative cash flow projections for 2024

• Boeing (BA) is struggling to contain financial fallout from production and supply-chain issues

• Company warned investors of a cash hole of similar or larger size in the current quarter

• Boeing said it would burn billions more than expected and likely won't generate cash for the full year

$ULTA is a solid buy before the earnings 

• $ULTA stock sold off to low $380 unjustly

• CEO made negative comments impacting stock price

• Earnings report expected next week

• Expecting bounce and breakout after solid results

• Beauty sector still performing well

• Strong buying opportunity at current levels

• Expect sharp reversal higher after earnings

• Secular growth story for $ULTA still intact

• OP has been aggressively adding to position and recommends buying

Baba will hit $100 next week 

• Chinese stocks and companies are still profitable despite negative perception

• Alibaba stocks behaving positively, potentially breaking $100 mark soon

• Long weekend coming up, China likely to resolve conflict peacefully

• China raised economy target to +5.2%

• Perception affects stock behavior, deep analysis still present regardless of color

pot stocks about to give tendies 

• The cannabis sector has explosive upside potential in the market right now

• Most cannabis companies are not profitable due to high taxes, but that will change once section 280E is removed

• Removal of 280E will decrease taxes from 80% to 21%

• Stocks rose when reschedule was announced, but have since been shorted by hedge funds

• 280E removal will have a bigger impact than other catalysts before legalization

• New millionaires will be made this year in the cannabis sector

• Timeline for changes is ongoing, with votes before elections in November

• The poster is selling monthly puts of MSOX and switching to OTM leaps of calls for MSOX

• MSOX is the only 2x leveraged ETF in the cannabis sector.