What's Happening to Meme stock Faraday Future this week?
🌟🌟🌟On Friday April 26, $Faraday Future Intelligent Electric Inc.(FFIE)$ has announced its intention to appeal to Nasdaq the Delisting Determination by May 1 to stay the suspension of Faraday Future due to non filing of its Form 10-K for the year ended December 31 2023. This is the 2nd warning letter from Nasdaq dated April 24 indicating that Faraday was not in compliance with Nasdaq Listing Rule to have at least USD 1 per share for 10 consecutive days. Faraday Future hopes that Nasdaq will hold the suspension for 15 days during which time Faraday Future will continue to be listed on the Nasdaq Capital market. If Faraday Future fails to appeal the Delisting Determination by May 1, trading
$Faraday Future Intelligent Electric Inc.(FFIE)$ has just received a letter from NASDAQ indicating that the EV maker is not in compliance with the listing rule and requesting the company to submit a plan to regain compliance within 180 days, while it is being placed on a list of non-compliant NASDAQ companies. With a measly share price of mere 5 cents, the above non-compliance warning from the exchange is not unexpected. With a market capitalization of just $2.3 million, Faraday Future is highly susceptible to market manipulation, as witnessed by the daily wild fluctuations in its stock price and tug-of-war between the bulls and the bears, that are the short-squeeze speculators and fundamentalists respectively.
Tesla's Financial Report: Navigating Optimism and Growth Challenges, Where to Invest?
Many have described Tesla's latest financial report and conference call as "Amazing words, horrible numbers."On Wednesday, Tesla's stock price surged by over 14%, marking its largest increase since 2021. On Thursday, Tesla's stock price continued to rise by nearly 5%.Correspondingly, the price of Direxion Daily TSLA Bull 2X Shares (TSLL), totaling $750 million, increased by over 33% over two days.Even the Consumer Discretionary Select Sector SPDR Fund (XLY), valued at $19 billion, saw a rise of over 1%, outperforming the S&P 500 index. This ETF holds over 11% of its portfolio in Tesla stocks.Significant Growth SlowdownTesla's financial report confirms investors' concerns about its first-quarter financial situation.Adjusted earnings per share were $0.45, a decrease of 47% compared to th
Introduction. I came across an interesting post by Investment Strategist, Michael Foster. Sharing it so that you could decide if closed end funds (CEF) are for you. When it comes to Investing, I believe that there is always something new to learn and help me to grow, in the process. With that, let’s jump in. No one wants to talk about the 2020 - 2021 lockdown. Those dark days did do one thing “right” for the high-yield corporate-bond market: it made the so-called “junk bonds” too big to fail. Investors are just starting to come around to this fact. Most important takeaway is there is a nice opportunity to grab (a) historically large, and (b) stable, dividends from these corporate-bond funds. This includes the closed-end fund (CEF) $PIMCO Dynamic Incom
On Thu, 25 Apr 2024, social media giant $Meta Platforms, Inc.(META)$ delivered its Q1 2024 earnings. To me it is a stellar set of results in all honesty. (see below) Meta - Q1 2024. Revenue gained +27% YoY. Net income gained +117% YoY. Earnings per share gained +114% YoY. It’s other key metrics were equally impressive and rightly so. Otherwise its earnings would not have been that fantastic, overall! (see below) Daily usage have grown by +7% YoY. This is a “hugh” number running into the billions. Ad impression have increased by +20% YoY. This is a very important matrix to maintain or increase a company’s visibility on consumers’ radar. Meta’s 2023 staff layoff has resulted in headcounts reduction, amounting to 10% of total staff strength; whe
Last week, the market started poorly and slowly recovered over the week after several positive corporate earnings especially for the mega-cap growth stocks. The major indexes showed sign of rebound and regained some upwards momentum. Well, as highlighted in the topic, I'm going to share a few high risk stocks in market. OXY As we know, recently the oil price stays at high position. A serious escalation of tensions in the Middle East would push the price of oil above $100 a barrel and reverse the recent downward trend in global inflation. Let's look at the oil stock, OXY for example. OXY daily chart Similar to oil price, OXY stock remains at high level and rebounds after touching EMA25, the red coloured trendline. I believe $Occidental(
Carried by the EV leaders and bullish investment sentiment in Hong Kong and China markets, the famous Chinese EV trio rebounded strongly during Friday's trading session. Let's look into the technical analysis and prediction for these stocks movement next week. Chinese EV Trio - Nio Xpeng Li Nio announced on Thursday that it entered into strategic cooperation with Lotus Technology on charging and swapping. The announcement was made at the 2024 Beijing International Automotive Exhibition. The two companies plan to carry out comprehensive and in-depth strategic cooperation in areas related to charging and swapping, including battery standards, charging and swapping technologies, battery asset management and operations, service network construction and operations, vehicle R&D and customiza
🌟🌟🌟It has been an action packed week with the US markets closing on a high note on Friday led by Big Tech. Semiconductor stocks have done well led by star performer $NVIDIA Corp(NVDA)$ up 6% today and in the past 5 days it has risen 12%. Nvidia has jumped 82% year todate and in 2023 it was up a whopping 222%. It has been an epic year for Nvidia as its share price has been sizzling hot. This is due to its specialised AI chips which are in high demand. Nvidia holds more than 95% market share in workstation Graphics Processing Units (GPUs), 94% market share in data center GPUs and more than 80% market share in AI processors. Nvidia has announced severa
Precise Bottom Picking at the Open, Institutions Forecast Resistance for QQQ at 438
Market attention shifted to earnings season, with U.S. stocks extending their rally. Spotify's shares surged 11.4% after beating Wall Street's Q1 expectations and issuing an upbeat Q2 guidance. UPS rose 2.4% as the delivery giant's profits exceeded forecasts.Options market data showed continued accumulation of far-dated put options on the S&P 500, with fresh call open interest dwindling, implying expectations of another 5% decline over the next two months. For QQQ, far-dated puts kept adding, suggesting a move of over 3.7% is priced in by May 17th. On small-caps, Russell 2000 options saw further build-up of far-dated put positions, indicating a potential 4.5% drop by early June.Details:The $SPDR S&P 500 ETF Trust(SPY)$ options overall refle
Which is the Evil twin and Good twin? Q1 2024 Results. Tesla finally released its Q1 2024 earnings and it was not a pretty sight. Actuals vs Wall Street expectations: (analysts surveyed by LSEG): Tesla Q1 2024 Revenue Revenue: $21.30 billion vs. $22.15 billion expected. (see above) Earnings per share: $0.45 (adjusted) vs. $0.51 expected. Operating profit margins: 5.5% vs. 6.6% expected Other Key Metrics and YoY comparison. A high-level comparison of other key earnings metrics shows the extent of the “bad” results. (see below) Revenue declined from $23.33 billion (YoY) and from $25.17 billion in Q4 2023. Net income dropped -55% from $2.51 billion to $1.13 billion YoY. EPS dropped -53.42% from $0.73 cents a share to $0.34 a share YoY. Free Cash Flow. Tesla’s free cash flow w
Weird Earnings Season + Pullback! Have You Ever Tried Demo Account?
This earnings season has entered a very peculiar mode. $Meta Platforms, Inc.(META)$ , far exceeding expectations, but posted with weaker guidance, plummeted in post-market. $Tesla Motors(TSLA)$ , with its historically worst earnings, surged over 15% after announcing plans to release cheaper models.Many investors are still on the sidelines, wondering whether it's a good time to buy or sell. Why not try Demo Account? Tiger’s Demo Account provides $100,000, the perfect tool for simulating trading. You might have heard stories of overnight wealth or bankruptcy with options, but most of us dare not to bet on earnings with real money. That's where the demo account comes in handy.Let’s look at my trades in dem
[Events] What Investment Gurus Guide Your Financial Choices?
In the world of finance, investment gurus play a crucial role in guiding individuals' financial decisions. These gurus, with their vast knowledge and experience, provide valuable insights and recommendations to help investors make informed choices.Which investment gurus influence your strategies? How do their principles impact your investment decisions?We would like to invite you to share what investment gurus guide your financial decisions.📢How to participate?Comment on this post and share investment philosophies that resonate with you.Describe how these principles have shaped your investment journey beyond the stock market.🎁Event PrizesAll Tigers who leave your comments in this post will receive 5 Tiger Coins.💰💰💰One Tiger will receive 50 coins for the most popular and most discussed comm
$CleanSpark, Inc.(CLSK)$ CLSK is my biggest holding among crypto related stocks. Another BTC miner I like and adding is IREN. They will have amazing growth this year. Just like CLSK, they will triple their hashrate by end of 2024 compared to a year ago plus the expansion plan is fully funded.I think there may be some transactions happening post halving. So, should be a great time. I can also see a large enterprise buying a BTC miner as well. Which would be a fun thing to happen in the industry
$Riot Platforms(RIOT)$ I feel that the EPS targets set by analysts for Q1 are understating the impact of ASU 2023-08 which RIOT early adopted per their 2023 10-K. With BTC price of nearly 70k as of 3/31 and their early 2024 election to hold bitcoin produced instead of selling upon production (see Note 2 on the 10-K) I think we’re going to see a massive unrealized gain sitting on their Q1’24 Balance Sheet that would be a surprise to the general investment community. That, paired with their announcement of Q1 earnings being held a week ahead of expectation is a quite bullish indicator in my opinion. Interested to hear if anyone else feels that’s a valid point or not.
MRNA, SDGR, ABSI, EXAI & RXRX Work with AI Companies to Accelerate Drug Development
With the continuous advancement of AI technology, more innovative medical applications will inevitably emerge in the future. $Recursion Pharmaceuticals, Inc.(RXRX)$ partnered with chipmaker $NVIDIA Corp(NVDA)$ in 2023 to conduct AI-led drug development, and the company's stock surged after the announcement.On Wednesday, $Moderna, Inc.(MRNA)$ , the developer of the COVID-19 vaccine, announced a partnership with OpenAI to deploy the AI company's ChatGPT Enterprise in its business to accelerate drug development.According to the collaboration agreement, approximately 3,000 Moderna employees will have access to ChatGPT Enterprise, built on OpenAI's cutting-edge langua
Wasn't planning on placing many ER trades this week, but took a few. Snuck in a pre-earnings trade on $Alphabet(GOOGL)$ . Now off to the pool. - STO Apr 26 exp 130 strike puts This play is for assignment if Google drops to 130 ... otherwise, will happily just capture the premium. 130 was a previous bottom support level. Gap around 143.ImageImageFollow me to learn more about analysis!!https://twitter.com/Selling4Premium
The latest GDP result is 1.6% whereas the FED predicted a 2.7% and the general market predicted 2.5%. This is a big miss and Yellen downplayed the expectation and saying the numbers would be revised. The earlier correction this week was due to high PCE, generally high core PCE. Inflation seems very sticky at this point and could accelerate back up to 4%. With the election coming up, the FED is put in a difficult situation. Price cut will likely to happen only after September or November. With the MAG7 taking a hit on Facebook and the rally from Google and Microsoft, it is time to stay defensive. Covered call will be a important play in the upcoming FOMC as there are signs of bearish play.$ProShares UltraPro QQQ(TQQQ)$
$CleanSpark, Inc.(CLSK)$Don’t get yourself all worked up in a tizzy, Kevi. Let it down trend down for a week or so. I’ll give you the Buy signal.Nitey nite 🥱😴💤They don’t just drop it one day, Kevy. Those who bought at $21 yesterday are today’s margin calls. Those who bought at 19 today will be tomorrow mornings margin calls. And so forth and so on until we hit the magic number.🩰Stock Market Nft GIF by BoDoggos