SummaryWe’re downgrading NIO to a sell as the price war in the EV market escalates.We think it will be difficult for NIO to improve its gross margin while ramping production output in 2H23.Additionally, we think China's weakening domestic macroeconomy will weigh on demand in 2H23 and possibly into 2024.The stock is up 15% since our buy rating in March, outperforming the S&P 500 by 7%.We think the risk-reward for the stock is no longer favorable; thus, we think retail investors should look for other better-positioned names to invest in for 2H23.Chun han/E+ via Getty ImagesWe're downgrading NIO Inc. $NIO Inc.(NIO)$ to a sell; we think it'll now be increasingly difficult for the company to improve gross margins while ramping production output for

SummaryDespite missing consensus estimates, Marathon's financial performance demonstrated significant growth compared to the previous.Regulatory scrutiny and Bitcoin price volatility remain challenges for Marathon Digital's future profitability.The company's commitment to enhancing hash rate and mining capacity, along with proprietary firmware development, demonstrates a strategy for operational efficiency.luza studiosMarathon Digital Holdings $Marathon Digital Holdings Inc(MARA)$ released its Q2 earnings report on August 8. Despite Bitcoin's (BTC-USD) 78% price gain YTD, the mining company didn't show profitability in its Q2 earnings. Marathon reported a 228.5% YoY increase in revenue, and a Q2 net loss of $21.3 million, resulting in a per-s

FTNT $Fortinet(FTNT)$ has grown revenues at a 24% CAGR over the past 5 years and has an average profit margin of 18%. Assuming shares are repurchased uniformly throughout the year, over the last 3 years 91%, 12% and 116% of those profits were used to reduce the diluted share count ~3% per year.If they can grow revenues at 20% over a decade, sustain their 18% profit margin and continue to distribute 70% of it through buybacks, applying a terminal multiple of 20 and discounting at 10% you get today's price of $57.Are all your investments bets on sustained 20% growth in competitive sectors? I am not willing to bet on 20% growth.What if they "only" grow at 15% and "only" 50% of profits can be deployed towards buybacks? Then, all else equal, we are alr

SummaryUpstart Holdings, Inc. reported a turnaround quarter in Q2 '23, with sequential revenue growth and a non-GAAP profit of $5.4 million.The biggest problem facing the AI lending platform is a lack of committed capital to invest in loans during weak economic periods.Upstart stock offers a better opportunity to profit on the next AI rally when bought at a lower P/S multiple.Dzmitry Dzemidovich/iStock via Getty ImagesWhile Upstart Holdings, Inc. $Upstart Holdings, Inc.(UPST)$ offers a promising artificial intelligence, or AI, loan origination platform, the business model isn't without flaws. As with other fintech lenders, the biggest issue with the business models are the access to committed capital with peers shifting towards digital b

SummaryFollowing its earnings release, PayPal stock has fallen dramatically on speculations regarding the near-term future.The market is now pricing-in significant deterioration of the company's top or bottom line which, in my view, is a very low probability scenario.In the meantime, the management is making the right moves to secure long-term competitive advantages while also rewarding shareholders.chameleonseyeBuying a stock when it has fallen in price nearly 80% could be seen as either a risky move of trying to catch a falling knife or a prudent investment decision for anyone looking for attractive future returns at relatively low risk. Which case applies largely depends on the underlying reasons for the large drop in share price and also requires an objective assessment of the bus

SummaryAll eyes were on AI in Q2, but another initiative is just as critical.Operating margins, which exploded during the stimulated economy, declined throughout 2022.Executives pledged efficiency and investment in the future; let's take a look at what was revealed in Q2.malerapaso/E+ via Getty ImagesIs now a good time to buy stocks?The mood surrounding the stock market underwent a fundamental shift recently. Talk of recessions, inflation, and debt ceilings turned on a dime to artificial intelligence (AI) and dreams of new market highs. Some are now saying we will avoid a recession altogether (although I have my doubts).Companies like NVIDIA $NVIDIA Corp(NVDA)$ are Palantir $Palantir Technologies Inc.(PLTR)$<

SummaryCarvana's reported 2Q23 total GPU and adjusted EBITDA are unsustainable.Despite the debt restructuring's positive headlines, the term details (esp Y2025 notes repurchase agreement) reveal creditors' desire to exit.Creditors are cautious, and equity holders are excited. Whenever they take different views, I am inclined to take my cue from creditors. This case is no different.Joe RaedleBackgroundAfter its 2Q23 earning release and debt restructuring announcement on July 19, Carvana $Carvana Co.(CVNA)$'s stock skyrocketed 50%+ and closed above $55/share. Its 8x YTD stock performance left its peers AutoNation $AutoNation(AN)$ and CarMa $CarMax(KMX)$ in the dust.Da

SummaryTeladoc Health, Inc. reported Q2 2023 results with a double beat.The telehealth provider hinted at an easier market opportunity with reduced competition and a desire for healthcare providers to consolidate the market leader.The stock is still cheap at ~13x forward adjusted EBITDA targets.Moyo StudioTeladoc Health, Inc. $Teladoc Health Inc.(TDOC)$ has faced a difficult year, but the telemedicine provider is starting to show promising signs of a return to sustainable growth. The company faced intense competitive pressure due to Covid excitement for virtual care while demand plunged once doctor offices reopened. My investment thesis is ultra Bullish on the stock, even though the stock is already up sharply after the quarter

SummaryPayPal continues to trade as one of the most undervalued tech stocks today.FedNow would allow for instantaneous cash transfers for consumers, but should not impact PayPal's core payment processing business.PayPal's proposed sale of BNPL assets may help accelerate its already robust share repurchase program.I reiterate my strong buy rating for the stock.Derek WhitePayPal $PayPal(PYPL)$ is one of the few tech stocks still trading at deep value valuations. The tough macro environment has pressured top-line growth, though the company is making great progress on boosting profit margins. Some investors may be worried that the release of the Federal Reserve's FedNow payment system may pose an existential threat to PYPL due to it being left out fro

SummaryPlug Power made a slew of announcements about its agreement with Avina Clean Hydrogen, its 2030 ambitions and its new Europe pedestal customer, Blue EnerFreeze.The company reiterated its near-term, medium-term and long-term financial targets, with steps as to how they will be achieved.Management shared its KPIs for 2023, boosting transparency and accountability, and they remain on track to achieving them all by the end of 2023.Given its 2030 ambitions, Plug Power is looking to replicate its green hydrogen plant model across the US and Europe.Stationary power business momentum is growing for Plug Power, and at the same time, significant progress has been made on the manufacturing front.Vanit JanthraPlug Power $Plug Power(PLUG)$ had its Analy

No changes to the price of Grab Holdings Limited $Grab Holdings(GRAB)$ stock on Wednesday, 19th Jul 2023. During the last trading day the stock fluctuated 5.08% from a day low at $3.45 to a day high of $3.62. The price has risen in 4 of the last 10 days and is up by 2.33% over the past 2 weeks.The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.71% during the next 3 months and, with a 90% probability hold a price between $3.94 and $4.60 at the end of this 3-month period.GRAB Signals & ForecastThe Grab Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, ho

SummaryAlibaba's share price has seen a significant uptick, indicating renewed investor confidence following a potential easing of governmental clampdown on the tech sector in China.Despite pressures, Alibaba has demonstrated resilience and is currently undergoing a process of bottom formation, presenting I think a significant buying opportunity.I expect the company's stock price to rise further if the monthly closing price surpasses $121, making a long-term investment entry at the current level an appealing prospect with low risk.maybefalseAlibaba Group Holding Limited $Alibaba(BABA)$, a titan in the global e-commerce and cloud platform arena, has seen a notable uptick in its share price, indicative of a revival in investor confidence. This resur