Are they good buys or goodbye?

Cryptocurrencies struggled to rebound this week amidst lack of stimulus, after suffering deep losses last week over worries that the US economy may be heading into a recession and dragging down the global economy. $Coinbase Global, Inc.(COIN)$  , the largest listed cryptocurrency exchange has not been spared either. Nevertheless, expectations of rate cuts starting next month may bring back speculations in risky assets and benefit Coinbase with recovery of trading of cryptocurrencies.

$Faraday Future Intelligent Electric Inc.(FFIE)$ has finally announced its shares consolidation of 1-for-40 outstanding shares. This is unsurprising and in fact highly expected given its struggle otherwise to lift its stock price naturally to comply with NASDAQ's requirements in order to maintain its listing. However, short of any turnaround strategy, I remain doubtful that any shares consolidation will save the struggling EV maker amid its deteriorating fundamentals and sluggish demands for its pricey vehicles. In fact, I continue to doubt its ability to remain a going concern even after the reverse stock split. Hence, I doubt that the forthcoming shares consolidation is going to save the day, and I believe it will merely prolong the pain.

Its peer $Rivian Automotive, Inc.(RIVN)$  has been in the limelight since the EV maker disclosed that Volkswagen would invest up to $5 billion in a new joint venture. News of fresh capital has allayed concerns over Rivian’s cash flow to support the development of its next-generation vehicles. and it may be time to relook at this once-darling of the EV industry before it goes up up and away.

As modern lives are increasingly dependent on semiconductors to drive automation and digitization, I remain optimistic of the long-term prospects of the semiconductor industry $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  and believe that the recent falls from its peak present buying opportunities that I would take advantage of to increase my exposure to the growing sector.

$AMC Entertainment(AMC)$   has posted weakness in its latest quarterly earnings, blaming that last year's actors and writers strike for a slowdown in theatrical releases has led to earnings and profits in the quarter ended June 30 to fall. Despite returning crowds to its theatres post-COVID pandemic measures and releases of blockbuster movies, AMC has yet to renew its growth, as the largest cinema chain in United States struggles to remain relevant post pandemic and stay competitive amidst rising popularity of online streaming services by the likes of Netflix and Disney, that has threatened the relevance of physical theatres. AMC will need to continue to reinvent itself to stay competitive and remain relevant in the new normal post pandemic that has changed forever the way many people would watch movies.

@TigerWire