Today was a power day for Gaotu Jiapin. 9361 orders for cherries today! I think there are other products but it isn't showing. 9361x208 is close to 2M in revenue in RMB for one night! $高途(GOTU)$
As I said a few days ago, this stock is completely uninvestible. Longs just got hammered but shorts could easily see a swing that wipes them out, especially if they are leveraged. Best bet is to stay away from this one until after the ETF decision and regulation litigation are settled. $Coinbase Global, Inc.(COIN)$
RIVN was very boring today because I was expecting to hut the elusive chart target of $24.87 so made the mistake of buying before a drive... When I arrived Rivian was near the low of the day. I was able to get back near even, then one more trade into the close so down less than $100 today... Hope tomorrow is more fun ~ GLTA*$Rivian Automotive, Inc.(RIVN)$
People are still paying over 30x earnings for apparel company. NKE went up during the pandemic as uneducated investors dumped their free government money into stocks with names they could recognize--we know these guys weren't buying Lam Research. Now, with the money supply shrinking it's trading back to the level it was at 3 years ago. It will be trading below $100 soon, but wait for it to go much lower before even considering buying. $Nike(NKE)$
$Sonoma Pharmaceuticals, Inc.(SNOA)$ After a reverse split last year and a name change from the failed Oculus Innovative Sciences, the company wants to reflect its new positioning as a "specialty pharmaceutical company focused on the high-margin U.S. dermatology market".The reverse split and name change reflect the company's "new direction", but the burden of proof is on management to be able to execute.
$Alibaba(BABA)$ BABA remains a holding company of LESS than their current percentage of 100%. So, value to BABA is cut in half immediately with the split. 63% was the number mentioned in your article. I have read 60% in others. The new percentage of 60% still holds true even if BABA gets that number in shares of the new offerings. STILL no direct link to BABA share holders beyond the original 40% loss of each arm with the split.
$CrowdStrike Holdings, Inc.(CRWD)$ I am not sure CRDW will prevail in the mid-size business segement but there is a large growing market that might see CRWD able to meet it current P/E with solid management execution even if it does not become dominant, however along that path CRWD will surely decrease from its current high valuation at times.
$PacWest(PACW)$ But the current Fed are bunch of incompetent people. They should have paused rate hike today to calm down the financial market. Inflation already dropped to 5%, so to ensure the stability of financial system has higher priority NOW than fighting inflation.
$UiPath(PATH)$ Mediocre results, weak outlook, down 2 bucks AH. Where's the growth? No positive GAP earnings in foreseeable future. Need to cut down on SBC. Dead money. Head count is inflated, follow META and cut down on deadwood.
$AMC Entertainment(AMC)$ End of Q2 and Q3 release slates will be big for the industry. AMC Q2 numbers will be decent. Still, the balance sheet is an albatross around their neck.