SmartRent Stock Discussion

Gainers:
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%
Other news:
• $WeTrade Group(WETG.US)$ +47.8%(announces $50 million sales of monkeypox virus test kits to Par...

$SmartRent(SMRT.US)$ the link up between term stocks and rising faults hault the price average

Upgrades
• $Air Products & Chemicals(APD.US)$ : Atlantic Equities Upgrades to Overweight from Neutral - PT $290 (from $288)
• $CME Group(CME.US)$ : Oppenheimer Upgrades to Outperform from Perform - PT $223
• $Equitable(EQH.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $36
• $Diamondback Energy(FANG.US)$ : Barclays Upgrades to Overweight from Equalweight - PT $160 (from $162)
• $Kilroy Realty Corp(KRC.US)$ : Goldman Sachs Upgrades to Buy from Neu...

Gainers:
• $Cullinan Therapeutics(CGEM.US)$ +22.4% (Cullinan Management and Taiho Pharmaceutical to collaborate to jointly develop and commercialize CLN081/TAS6417 and Taiho's acquisition of Cullinan Pearl)
• $Lordstown Motors(RIDE.US)$ +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)
• $Coupang(CPNG.US)$ +14.3%(In reaction to earn...

Upgrades
• $Albemarle(ALB.US)$ : Wells Fargo Upgrades to Overweight from Equal Weight - PT $285 (from $215)
• $Alcon(ALC.US)$ : Stephens Upgrades to Overweight from EqualWeight - PT $92 (from $86)
• $Atlantica Sustainable Infrastructure(AY.US)$ : 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...

Gainers:
• $Tilray Brands(TLRY.US)$ +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.)
Read More: Cannabis stocks that moved on news that federal cannabis legalization bill heads ...

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.