$Micron Technology(MU)$ At 9.5x and $SanDisk Corp.(SNDK)$ at 9.3x… the more I look at those valuations, the crazier it feels. Maybe I'm missing something, but it honestly feels like the market is still treating these companies as if memory demand is dead forever, while AI server and data center spending are exploding in the background. That disconnect just doesn't make sense to me. Everyone's busy chasing whatever's already gone vertical, meanwhile some semiconductor names are priced here like nobody wants them. Feels weirdly familiar… usually that's when the best opportunities show up. I keep thinking this could end up being one of those trades people look back on later and say, "wait… it was re
$SanDisk Corp.(SNDK)$ Volume today is nearly half of the usual level, which suggests buying conviction is extremely strong. I think it could reach $2330 by mid-July.
The Xpeng $XPeng Inc.(XPEV)$ stock price gained 8.21% on Friday, 25th Aug 2023, rising from $16.20 to $17.53. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.20% from a day low at $16.40 to a day high of $17.58. The price has been going up and down for this period, and there has been a 7.68% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately $338.38 million.The stock lies in the lower part of a ve
DICK'S Sporting Goods Q2 Earnings: Push Through The Pain
SummaryDICK'S Sporting Goods stock plummeted more than 24% after missing revenue and earnings guidance for Q2 and revising earnings guidance down for the fiscal year.Despite the drop, the company's revenue increased by 3.6% YoY and comparable store sales improved by 1.8%.DKS stock is trading at an attractive valuation, with a forward P/E multiple of 9.8, and other pricing metrics looking attractive.DICK'S also has attractive long-term growth prospects, and it is actively buying back stock.PeopleImages/iStock via Getty ImagesDICK'S Sporting Goods Q2 earnings resultsAug. 22 proved to be a very painful day for shareholders of sporting goods retailer DICK'S Sporting Goods $Dick's Sporting Goods(DKS)$. After announcing financial resu
SummaryMy last two bearish articles about Nvidia Corporation stock did not age well because I underestimated the strength of the momentum caused by the AI frenzy.Nvidia stock is overvalued even with wildly optimistic assumptions, and the current market cap is higher than the cumulative revenue over the next decade.The significant risk for a bearish thesis is that nobody knows how long the AI mania may last before the bubble bursts.BING-JHEN HONG/iStock Editorial via Getty ImagesInvestment thesisThis is my third analysis of Nvidia Corporation $NVIDIA Corp(NVDA)$; the previous two did not work well, to be honest. My last article about the stock went live just before the latest earnings call. I underestimated the artificial intelligence ("A
PayPal - Downgrading To Hold: Current Macro Dynamics Won't Favor The Stock
SummaryWe’re downgrading PayPal Holdings, Inc. to a hold as we think current macro dynamics won’t work in the stock’s favor.We expect PayPal will struggle to increase active accounts and expand transaction margins under macro uncertainty and see Y/Y revenue growth slowing as a result.While we’re constructive on PayPal’s cost-cutting initiatives and position in the e-commerce industry, we don’t share management’s expectation of discretionary spending improving materially in 2H23.We now think the macro weakness is priced into the stock for the most part.Still, we believe there are better names to invest in for the near term as we don’t see the stock working through 2H23.TadejZupancicWe're downgrading PayPal Holdings, Inc. $PayPal(PYPL)$ to a ho