Analysts have high confidence in SmartRent's growth rate, predicting a breakeven point in 2024. The company's lack of debt is unusual for a growth company and reduces investment risk.
SmartRent, a high-growth firm, is set to reach breakeven in just over a year, according to analyst predictions. The company stands out as it carries no debt, making it a less risky investment.
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.
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.
U.S leading technology companies with strong market presence, influential in their industries, and notable for robust innovation and profitability. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S Tech Companies, ranked from highest to lowest based on real-time market data. U.S leading technology companies with strong market presence, influential in their industries, and notable for robust innovation and profitability. Information is provided by Futu and is a non-exhaustive list of all thematic stocks for reference purposes only.
This section presents the top 5 stocks in U.S Tech Companies, ranked from highest to lowest based on real-time market data.
SmartRent Stock Forum
In reaction to earnings/guidance:
• $Payoneer Global (PAYO.US)$ +19.4%, $Toast (TOST.US)$ +13.1%, $PDF Solutions (PDFS.US)$ +7.7%, $Wheels Up Experience (UP.US)$ +7.1%, $LegalZoom (LZ.US)$ +6.5%, $Joby Aviation (JOBY.US)$ +3.6%, $indie Semiconductor (INDI.US)$ +2.9%, $Rocket Lab (RKLB.US)$ +2.4%, $Rivian Automotive (RIVN.US)$ +1.2%
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• $Equitable (EQH.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $36
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• $Lordstown Motors (RIDE.US)$ +17.2% (closes asset purchase agreement with Foxconn)
• $Applovin (APP.US)$ +15.5%(In reaction to earnings)
• $SmartRent (SMRT.US)$ +15.4%(In reaction to earnings)
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• $Albemarle (ALB.US)$ : Wells Fargo Upgrades to Overweight from Equal Weight - PT $285 (from $215)
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• $Atlantica Sustainable Infrastructure(Delisted) (AY.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $33 (from $38)
• $Coupang (CPNG.US)$ : Citigroup Upgrades to Buy from Neutral - PT $15 (from $29)
• $89bio (ETNB.US)$ : Raymond James Upgrades to Strong Buy from Outp...
• $Tilray Brands (TLRY.US)$ +17.2% $Aurora Cannabis (ACB.US)$ +13.61% $Canopy Growth (CGC.US)$ +10% $Cronos Group (CRON.US)$ +6.5% $Etfmg Alternative Harvest Etf (MJ.US)$ +6.1% $GrowGeneration (GRWG.US)$ +5.3% . ( The House Rules Committee has scheduled a Monday-afternoon meeting to prepare a federal marijuana legalization bill for floor action.)
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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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