S&P500 - Bear Trap in the making again in approaching CPI?$SPDR S&P 500 ETF Trust(SPY)$- Weak selling; Decreasing volume- Line in the sand remains at 4080/4090 - MA lines are crossed over well (will offer good support when it comes down)Be cautioned- Bear still awaiting at 4200/4210NOTE - Alot comparing the 2 price action (Late May and current) and expect similar drop. They are very different. The right one is of a bullish and well built structure. It will not drop like the left one.Conclusion - Still bullish with reversal happening when line in the sand is broken through@TigerStars@CaptainTiger
The artificial-intelligence lending platform pre-announced disappointing Q2 earnings.What happenedShares ofUpstart Holdings(UPST6.27%)tanked 23.1% in July, according to data from S&P Global Market Intelligence. The artificial intelligence (AI)-powered lending platform reported preliminary unaudited earnings for the second quarter, severely missing its previous revenue and net income guidance. As of this writing, shares of the 2021 high-flyer are down 85% year to date.So whatOn July 7, Upstart pre-announced its Q2 earnings results covering the three months ended in June. Revenue is expected to be $228 million in the period, missing management's previous guidance for $295 million to $305 million in revenue by a significant margin. This revenue miss negatively affected Upstart's prof
Faraday Future Intelligent Electric (NASDAQ:FFIE) is a pre-production EV company that is launching its luxury crossover SUV, the FF 91, in 2022. Based on the statistics the company released, the vehicle seems compelling.Thatsaid, it will cost $180,000, which is more than double most of the cars on that chart. They expect to release models in the $60K range by 2023/24 to expand their addressable market and help them reach their target. Production is expected to be minimal through 2023 and ramp significantly with the launch of the lower-priced 81 and 71 series.Source:Investor PresentationLate to MarketThe problem with investing in FFIE is not just uncertainty about hitting production goals and the fact that they won't produce 100,000+ cars until 2024 assuming they meet the target. Even if th
Faraday Future Intelligent Electric (NASDAQ:FFIE) is a pre-production EV company that is launching its luxury crossover SUV, the FF 91, in 2022. Based on the statistics the company released, the vehicle seems compelling.Thatsaid, it will cost $180,000, which is more than double most of the cars on that chart. They expect to release models in the $60K range by 2023/24 to expand their addressable market and help them reach their target. Production is expected to be minimal through 2023 and ramp significantly with the launch of the lower-priced 81 and 71 series.Source:Investor PresentationLate to MarketThe problem with investing in FFIE is not just uncertainty about hitting production goals and the fact that they won't produce 100,000+ cars until 2024 assuming they meet the target. Even if th
Hey, this is Stocks_Pedia.I would like to introduce some unfamiliar companies that may be of some help to your investments.The company I’m going to introduce is $Enterprise Products Partners LP(EPD)$ .It went public in 28th July 1998.[Company Profile]Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment includes its natural gas processing and related NGL mar
Key takeaways: 1、China Tourism Group Duty Free Corporation is making a second attempt at an IPO in Hong Kong after shelving its original plan at the end of last year 2、The company’s revenue has grown rapidly since the government eased limits on duty-free shopping on Hainan island in 2020 As restrictions on travel within China are eased, with the latest wave of Covid-19 outbreaks under control, shoppers in the country are flocking to the resort island of Hainan to snap up duty-free goods. And China Tourism Group (CTG) Duty Free Corporation Limited (601888.SH) is wasting no time trying to capitalize on the boom. China’s largest operator of duty-free shops, which pulled the plug on its plan to go public in Hong Kong just last December amid overall weakness of the equity market in th