$Faraday Future Intelligent Electric Inc.(FFIE)$ has proposed shares consolidation up to 1-for-40 outstanding shares in a bid to boost its stock price to comply with NASDAQ's requirements in order to maintain its listing. The proposal includes a margin of safety against wild fluctuation in stock prices which Faraday Future has grown accustomed to, with daily price swings over 20% not being uncommon to the battered electric vehicle maker. In fact, had there been no short-squeeze by the meme community, the share price would have already been beaten to the ground. I doubt any shares consolidation will save the EV maker if it is not able to demonstrate its worth amidst deteriorating fundamentals and worsening demands for its vehicles over worries about its ability to remain a going concern. I for one would not buy a car from a manufacturer that may not be around next year. Hence, I doubt that the forthcoming shares consolidation is going to save the day, and I believe it will merely prolong the pain.
Despite returning crowds to its theatres post-COVID pandemic measures and releases of blockbuster movies, $AMC Entertainment(AMC)$ has yet to renew its growth, as the largest cinema chain in United States struggles to remain relevant post pandemic and stay competitive amidst rising popularity of online streaming services by the likes of Netflix, Disney and Amazon, threatening the relevance of theatres. AMC will need to continue to reinvent itself to stay competitive and remain relevant in the new normal post pandemic that has changed forever the way many people would watch movies.
After momentarily helming the market capitalization chart, $NVIDIA Corp(NVDA)$ has retraced some of its recent gains. Nevertheless, As companies rush to deploy artificial intelligence to improve productivity and enhance their product offerings, Nivida's semiconductor chips are highly sought after to train and implement the AI engines. With the growing demands for semiconductor chips to accelerate digitization of businesses and automation of operations, I'm hopeful that the overall semiconductor industry $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Bullishhas further upside and more legs to run.
With a slate of negativity surrounding the cryptocurrency market, including big whales offloading their holdings, cryptocurrencies have been under pressure struggling to regain their recent losses, dragging $Coinbase Global, Inc.(COIN)$ along. This is not helped by the growing expectation of higher-for-longer US borrowing costs. Hopefully, the highly anticipated launches of etherium spot ETFs may help to recover lost ground in the coming months and help to lift Coinbase back to its feet with renewed trading enthusiasm.
@TigerEvents @CaptainTiger @VideoLounge @MillionaireTiger @TigerStars @TigerWire
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
