pekss

    • peksspekss
      ·06-17 22:24
      With a spate of good news, $Faraday Future Intelligent Electric Inc.(FFIE)$  is enjoying much fanfare from the meme community. The EV has received a grant from Nasdaq for an extended stay of suspension, allaying over its impending delisting at least for now, and it plans to also share details of its US-China Automotive Industry Bridge Strategy soon. However, with poor fundamentals and cash balance of mere $4M as of 31 December 2023, I wonder how such a plan is going to rescue Faraday Future in the short term short of a white knight. 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 b
      338Comment
      Report
    • peksspekss
      ·06-15

      Will stocks of the EV makers drive to highway next week?

      So shareholders have just approved Elon Musk's $45 billion pay package in a vote of confidence of his indispensability to helm the electric vehicle leader to greater heights. His supporters have claimed that he is so integral to the EV maker's success that the stock price would plunge if the vote were to be defeated. With the overwhelming support, Elon Musk should now be motivated to refocus his energy on $Tesla Motors(TSLA)$   and steer its out of prevailing macro headwinds, so I believe that its stock price may be buoyant in the coming week. A rebounce may be in sight for the Chinese EV startup trio $NIO-SW(09866)$ 
      7263
      Report
      Will stocks of the EV makers drive to highway next week?
    • peksspekss
      ·06-15

      Will the tech bulls press on next week?

      Cryptocurrencies need a new catalyst to propel their next upward moves, and the highly anticipated launches of spot ethereum ETF launches may just be that catalyst. The reality that interest rates may stay higher for longer is also weighing on the cryptocurrency market. As a proxy play for cryptocurrencies, the largest listed cryptocurrency exchange $Coinbase Global, Inc.(COIN)$  has been riding on buoyant cryptocurrency prices this year, though recent risk-off from the higher-for-longer rate has resulted in profit-taking. Even though bitcoin has fallen from its peak lately, there remain strong advocates like Robert Kiyosaki, the famous author of the Rich Dad Poor Dad series of personal finance books. I think Coinbas
      1.80K1
      Report
      Will the tech bulls press on next week?
    • peksspekss
      ·06-15

      Online streaming giving AMC a run for its money

      Jim Cramer said we should sell $AMC Entertainment(AMC)$   and I agree! AMC enjoyed spectacular meme fanfare lately, as short-squeeze by the meme community sent its stocks rallying to heights not seen in months and the meme frenzy has kept the stock buoyant of late, despite lack of improvements in fundamentals that would justify the rally. While the meme frenzy has propelled its stock price to great heights unjustified by its weak fundamentals, the largest US cinema chain has yet to fully recover from the COVID pandemic that saw its many theatres vacant. While the pandemic has eased and blockbuster titles are released, transition to the new normal has not brought huge crowds back to its theatre halls yet, and
      3.85K1
      Report
      Online streaming giving AMC a run for its money
    • peksspekss
      ·06-15

      Are stocks of the EV makers worth buying?

      With the vehicles shipped that are far and between, it never fails to amuse me how $Faraday Future Intelligent Electric Inc.(FFIE)$   could stay afloat amidst its deteriorating fundamentals. Its order book is so bad that it has to count on its own company executives to buy its vehicles. Promised measures by the management to protect shareholder value and improve profitability seem to be so distant. I suspect that had there been no support from the meme community in short-squeezing the counter, the stock would have been long beaten to the ground. I would think those onboard should have an exit strategy to avoid drowning with the sinking ship. With slowing demands for electric vehicles amidst sticky inflation
      4292
      Report
      Are stocks of the EV makers worth buying?
    • peksspekss
      ·06-08

      Are they heading for a rebound?

      $Rivian Automotive, Inc.(RIVN)$  is adding Nvidia chips to improve its EV performance and stay competitive in the EV market. The next-generation line of EVs being rolled out by Rivian appears to be well received by the market, and it may be time to relook at this once-darling of the EV industry before it starts to run. Elon Musk seems to find difficulty in staying away from scandals after news broke that he had instructed Nvidia to divert shipment of thousands of AI chips reserved for $Tesla Motors(TSLA)$  to his other companies X and xAI. Also on 1 June 13, Tesla shareholders will decide the fate of his massive $56 billion compensation pa
      3952
      Report
      Are they heading for a rebound?
    • peksspekss
      ·06-08

      More legs to go

      With the clock ticking at the highly anticipated launches of Ethereum spot-priced ETFs in the coming months, the cryptocurrency market has already been partying in advance and regaining their glories. Already $Coinbase Global, Inc.(COIN)$   has recovered much lost ground as risk-on sentiments gather steam and trading volume rises with enthusiasm returning with rising cryptocurrency prices. I expect the cryptocurrency exchange to set new heights when the Ethereum spot-priced ETF launches draw nearer. $C3.ai, Inc.(AI)$  rallied over 30% last week with its earnings beat and rosy business outlook. Together with
      4.36K5
      Report
      More legs to go
    • peksspekss
      ·06-08

      Beginning of an end?

      $Faraday Future Intelligent Electric Inc.(FFIE)$   may have received a lifeline from NASDAQ on the grant of an extended stay of the suspension pending a hearing with its Hearings Panel, avoiding an impending delisting for now. However, this may be just its beginning of an end, as the EV maker continues to struggle with sluggish sales and worsening fundamentals. Its measures to protect shareholder value and improve profitability have not bore any fruit so far. Had there been no short-squeeze frenzy by the meme community, the stock would have been beaten to the ground. Short of a white knight coming to its rescue, I would think it is just a matter of time before the company has to come to terms with its inevi
      4651
      Report
      Beginning of an end?
    • peksspekss
      ·06-03

      FFIE in short-squeeze again?

      With a spate of good news, Faraday Future is rallying over 20% in the pre-hours trading. The EV has received a grant from Nasdaq for an extended stay of suspension, allaying over its impending delisting at least for now, and it plans to also share details of its US-China Automotive Industry Bridge Strategy this month or by next month. However, with poor fundamentals and cash balance of mere $4M as of 31 December 2023, I wonder how such a plan is going to rescue $Faraday Future Intelligent Electric Inc.(FFIE)$  in the short term short of a white knight. 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 goin
      3533
      Report
      FFIE in short-squeeze again?
    • peksspekss
      ·06-03

      Is AMC's surge sustainable?

      Shares of $AMC Entertainment(AMC)$  had surged in pre-market trading today, despite no apparent good news, other than a Reddit post by stocks influencer Keith Gill, known as "Roaring Kitty," on his latest $116 million bet on meme stock GameStop. I suspect that that fuel speculative bets on other meme stocks, with AMC benefitting from the spillover effect. However, this has done little to alleviate worries over the company's viability as a going concern. The rise of online streaming services and their growing popularity have weighed on AMC, whose profits in the fourth quarter of last year had been disappointing. With rising competition from the online streaming service providers the likes of 
      4052
      Report
      Is AMC's surge sustainable?
     
     
     
     

    Most Discussed

     
     
     
     
     

    Company: TTMF Limited. Tech supported by Xiangshang Yixin.

    Email:uservice@ttm.financial