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avatarpekss
03-23

Ceasefire of the EV makers?

After a year of brutal price wars first ignited by $Tesla Motors(TSLA)$   that have witnessed many casualties and burning its own pockets over narrowing profit margins, the EV industry leader is reportedly planning to raise prices across all its major markets from next month in an effort to call for a ceasefire and rebuild its margins. In fact, this is not surprising to me as Elon Musk has previously warned that Tesla was reaching "the natural limit of cost down" with its existing lineup, so that it would be challenging to trim prices further to boost demands for its EVs without detrimental impacts to its financials. The ceasefire will be good news for the EV market that has been battered by the price wars
Ceasefire of the EV makers?
avatarpekss
03-23

Will they flip or flop next week?

Dovish stance from the Fed at the conclusion of the latest FOMC meeting this week when the monetary policy makers continued to hold the Fed rate steady amidst sticky inflation but maintained its projection of 3 rate cuts before the end of this year has allowed the interest rate-sensitive technology sector to heave a sigh of relief and resume their climb. A resilient economy and robust job market have reinforced market's confidence of a soft-landing of the economy. Cryptocurrency exchange $Coinbase Global, Inc.(COIN)$  has ridden on the spate of good news to approach its recent height, after earlier correction in the crypto market has sent crypto prices down. Expectations of rate cuts in the second half of this y
Will they flip or flop next week?
avatarpekss
03-23

Are EV stocks still good investments?

$Rivian Automotive, Inc.(RIVN)$   has been downgraded by analysts over its disappointing business outlook, as the EV maker is heavily reliant on its investor and sponsor Amazon that has fallen short of its orders in its plan to electrify its delivery fleet. The EV startup has so far not yet been able to generate sufficient operating cash flows, so that it has to continue depleting its cash reserves to sustain operations. However, with just under $8 billion cash balance today, it is projected that Rivian has only sufficient cash to last through another 3 years at most. Meanwhile, its Tesla-wannabe peer $Faraday Future Intelligent Electric Inc.(FFIE)$ 
Are EV stocks still good investments?
avatarpekss
03-22

Is Faraday Future heading to the moon?

$Faraday Future Intelligent Electric Inc.(FFIE)$  is rising over 40% in the pre-market trading hours, after rallying almost 49% last night. One thing is apparent to me: the daily fights between the bulls and the bears. The bulls appear to be the meme community speculating on short-squeeze gains despite deteriorating fundamentals of the electric vehicle maker, while the bears are obviously the fundamentalists who have been rushing for the exit as the company's prospects worsen. With a share price lower than 10 cents, Faraday Future Intelligent Electric had since 28 December 2023 received a written notice from the Nasdaq Stock Market LLC stating that the company has failed to maintain a minimum bid price requirement of
Is Faraday Future heading to the moon?
avatarpekss
03-22
Jensen Huang is my top pick as he helped me to score a multibagger in $NVIDIA Corp(NVDA)$ @MillionaireTiger
avatarpekss
03-18

Rebound or short-squeeze?

Like its intraday wild swings lately, $Faraday Future Intelligent Electric Inc.(FFIE)$   is rallying over 17% at the time of this writing in the early trading session today despite apparently no improvement in its fundamentals that would justify the climb. I believe that this is the feat of the meme stock community, as I could not find any news that would substantiate the stock rebound of a company that has been plagued by worsening demand, deteriorating balance sheet and a stock price that has fallen more than 99% within a year. Its pledge to turnaround the company, attain profitability and defend shareholder value has not shown any results so far, and its continuity as a going concern has caused an overha
Rebound or short-squeeze?
avatarpekss
03-16

Will these stock thrive next week?

$PDD Holdings Inc(PDD)$   has scheduled to post its previous quarter earnings results on 20 March. I like Pinduoduo for its focus on agriculture and fresh products, which has helped to differentiate the Chinese online retailer among rising competition from other e-commerce platforms. Furthermore, its wide distribution network has enabled Pinduoduo to establish its reach to the most rural parts of China, unlike other competitors that emphasize their presence in big cities. The company has also been able to maneuver well during the crackdown by regulators on the technology sector, so it does not have a bull eye pasted on its back and suffered less damage compared to its peers. I'm hopeful that its coming earni
Will these stock thrive next week?
avatarpekss
03-16

A lost year for the EV makers?

I've been wondering what will be the last straw to break the camel's back and get $Faraday Future Intelligent Electric Inc.(FFIE)$   delisted. With a measly share price of 10 cents or so, and a market capitalization less than $5 million, I suspect that it will be a matter of time before the continual listing of the struggling EV maker is being questioned by the regulator. With such a low stock price, Faraday Future is highly susceptible to market manipulation, as evidenced by the intraday wild swings in its stock price almost daily. As the EV maker continues to be weighed down by worsening fundamentals without a credible turnaround strategy, investors have been rushing for the exit, leaving mainly speculato
A lost year for the EV makers?
avatarpekss
03-16

Let these winners run

$NVIDIA Corp(NVDA)$   has joined the two-trillion dollar club after having just joined the trillion dollar club last year, as its stock price appears to be unstoppable in breaking new heights with growing popularity and increasing prevalence of AI applications amidst the artificial intelligence euphoria. With more and more companies jumping onto the AI bandwagon and businesses accelerating their AI adoption in fear of missing out on the latest technology trend in decades and falling behind their competitors, the demand for sophisticated semiconductor chips to drive the AI engines is exploding, helping the semiconductor industry $Semiconductor Bull 3X Shares(SOXL)$ 
Let these winners run
avatarpekss
03-16

Will Magnificent 7 reduce its membership?

$XIAOMI-W(01810)$   has declared war with Tesla, as the Chinese electronics company turned Tesla-wannabe announced the rollout of its inaugural electric vehicle in China to take on the leading EV maker. Xiaomi has committed to invest $10 billion in its fledgling EV business, as part of the electronics giant's efforts to diversify its business amidst slowing demands for smartphones. While being late to the EV party, Xiaomi is proving to be a formidable force with its deep pockets and ambition to become one of the world's top 5 automakers. Furthermore, Xiaomi will be able to count on its smartphones' relatively strong brand and capitalize on followers for its products. Unlike Tesla, the Chinese EV startup tr
Will Magnificent 7 reduce its membership?
avatarpekss
03-09

Bulls and bears

With rising awareness of global climate change, geopolitical conflicts affecting crude oil prices, and tightening emission controls, adoption of electric vehicles is expected to increase over time, even if the EV industry may be encountering softening demands temporarily due to economic slowdown, escalated borrowing costs and expiring subsidies. Availability of charging infrastructure may have deterred buyers too. However, I believe that the EV market is poised to resume growth as the Fed is expected to commence rate cuts this year after taming the inflation and being confident that it is falling back sustainably to the Fed's 2% target, so as to avoid tipping the US economy into a recession. With $Tesla Motors(TSLA)$ 
Bulls and bears
avatarpekss
03-09

Is the heyday of EV stocks over?

$XPeng Inc.(XPEV)$  will be the last of the Chinese EV trio to report fourth-quarter earnings results on 15 March. While $Li Auto(LI)$  had announced overwhelming earnings last week, what cheered the market was its ability to maintain stable gross margin amidst prevailing price war, thanks to its prudent cost management and resilient supply chain. However, $NIO Inc.(NIO)$  's margin fell short despite an earnings beat when it was its turn to post its earnings this week. Both LI Auto and NIO had seen their stock prices rising post-earnings release, although the
Is the heyday of EV stocks over?
avatarpekss
03-09

Tech bulls

$Coinbase Global, Inc.(COIN)$   is riding to its all-time-high on the back of crypto bulls as cryptocurrencies outmarket the stock market after recovering from the crypto winter on the back of buying frenzies by the recently launched bitcoin spot ETFs and rising optimism form the bitcoin halving expected to take place sometime next month. With rising bitcoin price, it has since re-joined the trillion dollar club this year and its market cap has already exceeded that of Meta Platform, placing bitcoin just behind Microsoft, Apple, Nvidia, Amazon and Alphabet. I expect Coinbase to stay buoyant this month as the cryptocurrency exchange platform benefits from increased trading on cryptocurrencies and as its reve
Tech bulls
avatarpekss
03-02

Will they march forward in March?

BYD has just slashed prices on the updated versions of its Han and Tang EV models that come with upgraded driver-assist features among other tech upgrades, after similar cuts across other models previously, while its closest competitor Tesla has further discounted its selling price of Model Y after earlier cuts in that model as well as Model 3 in the Chinese market. These moves are taking the price war into both ends of the EV market: budget and mid-to-high end, so that no market segment is now spared from the prevailing price war that has been raging for the past 1-2 years. After strong results and optimistic outlook from $LI AUTO-W(02015)$   this week, $NIO-SW(0986
Will they march forward in March?
avatarpekss
03-02

Rises and falls

Emerging from a crypto winter following the collapses and bankruptcies of multiple cryptocurrency platforms barely more than a year ago, cryptocurrencies are now coming back with bitcoin charging fast and furious past $60,000 this week, and approaching its all-time-high record set in late 2021, as the largest cryptocurrency by market capitalization is buoyed by market optimism spurred by the launches of several spot bitcoin exchange-traded funds that have enabled wider participation by retail investors and higher volumes in bitcoin trading. In fact, bitcoin has recently re-joined the trillion dollar club and its market cap of bitcoin is already surpassing that of Meta Platforms. I expect that hopes of a pivot by the Fed to ease the prevailing restrictive monetary policies this year and the
Rises and falls
avatarpekss
03-02

Are the EV stocks recovering?

Following the heels of $Li Auto(LI)$   which surprised the market with overwhelming results on a set of stellar earnings reported this week for the previous quarter, $NIO Inc.(NIO)$   will be next in line to announce its quarterly earning results on 5 March, while $XPeng Inc.(XPEV)$   will be the last among the Chinese electric vehicle startup trio to report its earnings on 19 March. Li Auto's earnings have proven to be resilient in the EV maker's fight in the prevailing price war, after its earnings results revealed that price cuts in the past
Are the EV stocks recovering?
avatarpekss
02-24

Rebounding back

$Grab Holdings(GRAB)$  just released its first quarterly profit this week and announced its inaugural share repurchase program, but the ride-hailing, food-delivery and digital-banking firm's weak business outlook has casted doubts on sustainability of the profit and future growth, and has weighed on its stock. Together with $Sea Ltd(SE)$  , the duo were once the pride of our nation and touted as the greatest tech companies in Singapore. Grab's business in food delivery and Sea's business in online gaming and e-commerce had thrived at the onset of the COVID pandemic, but their platforms have struggled to stay competitive and remain relev
Rebounding back
avatarpekss
02-24

How will these stocks fare next week?

$AMC Entertainment(AMC)$   is due to report its previous quarter earnings results on 28 February. With returning crowds to its theatres after lifting of the COVID restrictive measures and releases of blockbuster movies during the year end festive season, I expect AMC's earnings results to bring cheers to its investors, as the largest cinema chain in United States adapts to remain relevant post pandemic and stay competitive amidst rising popularity of online streaming services by the likes of Netflix, Disney and Amazon that have been beefing up their contents, threatening the relevance of theatres. AMC will need to continue to reinvent itself to stay competitive and remain relevant in the new normal post pand
How will these stocks fare next week?
avatarpekss
02-24

Are the EV stocks still investible?

Despite having lost over 99% of its value over the past year, $Faraday Future Intelligent Electric Inc.(FFIE)$   continues to attempt its dead cat bounces lately, as the traders in the meme stock bet on short-squeezing of the struggling electric vehicle maker and engage in tug-of-war with the fundamentalists. I believe that any recovery in stock prices, at times over 70% intraday fluctuations from trough to peak, is going to be short-lived for a company that is plagued by weak demands and deteriorating balance sheet. In fact, Faraday Future's promise to turnaround the company, attain profitability and defend shareholder value has been fruitless so far, and its sustainability even as a going concern is a big
Are the EV stocks still investible?
avatarpekss
02-24

Will the tech bulls be unleashed next week?

Technology stocks were under selling pressure in the first half of the week, but enjoyed a rebound after $NVIDIA Corp(NVDA)$   posted earnings handily beat Wall Street's expectations and the leading artificial intelligence semiconductor chip maker forecasted revenue in the current quarter that surpasses analysts' predictions, sending Nvidia's share price to the moon while the semiconductor industry $Semiconductor Bull 3X Shares(SOXL)$   cheered the strong earnings results and positive outlook. Nvidia, whose chips are highly sought and regarded as the gold standard in the AI industry despite their hefty prices, has become the
Will the tech bulls be unleashed next week?

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