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ARK Innovation ETF Analysis (ARKK)

ARK Innovation ETF Analysis (ARKK) Chart done on daily timeframe. Cathie Wood has really made a name for herself on Wall Street in recent years, but unfortunately the reputation that now precedes her is mostly negative and doubtful. The cofounder and CEO of Ark Invest established her name in the name of innovation, taking on high risk names in hopes of long term prosperity. The firm mostly focuses on technology investments across different industries such as: electric vehicles, gene editing, artificial intelligence, streaming…etc. Their focus isn’t necessarily about the current numbers and revenue of these industries, but rather on what they could become as technological advancements take hold of them. Take Tesla for example, which is the largest holding in...

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Nvidia Analysis

Nvidia Analysis Chart done on hourly timeframe. Nvidia’s stock volatility recently ticked up after the stock shed nearly 500B worth of market cap in a matter of a few days. The strong pull back that started last week forced the stock down to correction territory, but as expected, buyers were quick to get in on the dip. The pull back was quickly bought back up because of so many folks waiting on the sidelines for a chance to finally get in, but in the reality of things, the 5% decline it faced didn’t eliminate the risks that accompanies the investment at such levels.  Nvidia’s massive rally to the $3 trillion valuation was a result of the combination of their phenomenal...

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Datadog Stock Analysis

Datadog Stock Analysis Chart done on hourly timeframe. Datadog shares are trading more than 50% above their 52 week lows thanks to the company’s ability to finally deliver positive net income in 2023. Although earnings are still minimal, they’re still a sign of competence from leadership at the company, proving that they’re managing their growing revenue appropriately. Last year’s revenue grew at a rate of 27% YoY to reach an annual total of 2.13B, significantly higher than their less than 1B in 2020; however the rate of revenue growth slowed down from an average of 66% in the previous three years. The slow down in revenue growth eclipsed their profitable quarter on their last earnings report, leading the stock to...

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Nike Pre-earnings Analysis

Nike Pre-earnings Analysis Chart done on hourly timeframe. Nike shares are significantly underperforming the market this year, but buyers seem optimistic ahead this report as they buy the shares off its 52 week low range. The pre-earnings run up could be associated with Lululemon’s most recent earnings report, which showed strong demand for athletic wear, but that doesn’t necessarily guarantee Nike will deliver the same strong numbers and forecasts. Comparing the two companies side by side, we see a similar pattern in their revenue trend. Both reflect flat year over year growth and a plateau in their net income. Consumer demand is waning, and rising competition isn’t helping either, making the path for apparel and footwear companies very bumpy.  However...

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UiPath Analysis

UiPath Analysis Chart done on hourly timeframe. UiPath shares are trading near their all time lows after the company’s most recent earnings sent the stock sliding down. The technology company’s IPO was just a few years ago and it started off great, but like most IPOs from 2020-2021, PATH has given up the majority of its market value as reality set in. Those years of high liquidity and low interest rates inflated many stock valuations, UiPath in specific was trading at a market cap around 50B at one point, but that number became harder to justify for a company who was at the time generating less than $1B in annual revenue.  Since then, PATH has declined to a much more...

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