NVDA
NVIDIA
-- 149.430 TSLA
Tesla
-- 411.050 FUBO
FuboTV
-- 5.060 PLTR
Palantir
-- 75.920 AMD
Advanced Micro Devices
-- 129.550 
EV charging stocks lead consumer gainers, supply chain challenges hurt losers
The $Consumer Discretionary Select Sector SPDR Fund (XLY.US)$ performed poorly this week as Tesla's $Tesla (TSLA.US)$ 15.44% drop helped contribute to an overall 3.54% decrease. The $Consumer Staples Select Sector SPDR Fund (XLP.US)$ was nearly in-line with the $SPDR S&P 500 ETF (SPY.US)$, down 0.22% on the week.
EV charging stocks $EVgo Inc (EVGO.US)$ , up 89.38%, $Volta (VLTA.US)$ , up 34.93%, and $QuantumScape (QS.US)$ , up 25.11%, placed in the top five gainers this week for consumer stocks with market caps over $2B. The EV stocks got charged up after the bipartisan infrastructure bill was signed into law, setting aside $7.5B towards the development of an EV charging infrastructure in the U.S.
Rounding out the top five, technology e-commerce site and moomoo favorite $Newegg Commerce (NEGG.US)$ , jumped 33.78%, and luxury fashion retail platform $Farfetch (FTCH.US)$ reported a 24.15% gain after confirming a partnership with designer Richemont.
On the opposite spectrum, beverage company $Celsius Holdings (CELH.US)$ , down 22.87%, was the biggest loser after input cost inflation and supply chain challenges caused a Q3 earnings miss. Scrubs seller $FIGS Inc (FIGS.US)$ also cited supply chain challenges and is down 18.36% on the week despite posting a Q3 beat.
$National Vision (EYE.US)$ beat earnings but fell 21.77% as full-year guidance was below consensus estimates. Shares dropped throughout the week as Bank of America downgraded the stock to Underperform, citing headwinds including "more normalized product mix & average ticket" that could continue into 1H22.
EV company $Arrival (ARVL.US)$ trades down 18.86% for the week after it delayed its production timeline. The electric van and bus maker now expects "significantly lower" volume levels in 2022.
Finally, home solutions company $SmartRent (SMRT.US)$ fell 21.06% after reporting earnings that weren't as good as investors had hoped.
Narrowly missing the top five decliners were Tesla, which fell 15.44% as Elon Musk and his brother sold shares in the company, and $Beyond Meat (BYND.US)$, down 14.65% after issuing Q4 revenue outlook well below consensus.
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Brain Gomes : Picked up 400 shares of EVGO last week. Can’t have an EV revolution without infrastructure.
arts food business : DCRN warrants get em !
Best charging stock out there.
Loaded up at $1.1
Oavbab : I'll be buying more Celsius
Rickydi : Warning: Monies from the infrastructure bill will not be used for a least another 6 months of longer for these stocks. No rush to get into them.
zukG4HQuCI Rickydi : You know, I said the same thing about Tesla in 2015. Ya, I won’t let that happen again.