The Spotlight for Sunday, July 2, 2023 | | | | Spotlight: Should Sweetgreen Be 50% Higher? CAVA debuted on the New York Stock Exchange on June 16, selling 14.4 million shares and raising a cash hoard of $318 million at a valuation just under $2.5 billion. Eagle-eyed investors were stunned to see the share price soar by as much as 117%, before ultimately closing at $43.78 per share, slightly above its $42 open. This was a scintillating debut given that the Cava Group had slated an IPO price of $22 per share. Read the full story here
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Spotlight Content You May Have Missed | | | | Spotlight: Is Tesla a Massive Buy After Ford Revealed The Dirty Secret? "Tesla is just a car company. It trades at a premium to other car manufacturers. The valuation is crazy" – that was the refrain from Tesla bears for years. And without doing a deep dive into Tesla, it seemed reasonable. After all, a car is a car. Analyze the number of units sold, the average price, the gross margins, the profitability and you can put a multiple on the company and know what it's worth, right? Not so fast. Read the full story here
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| | | | Spotlight: How 1 AI Stock Soared 150% Server infrastructure provider Super Micro Computer (NASDAQ:SMCI) has been among the tech stocks that have benefitted most from investor interest in artificial intelligence throughout 2023. The company's model of using AI to provide superior server performance and reduce operating costs places it alongside companies such as Meta, NVIDIA and C3.ai on the list of investor favorites in the AI space. Read the full story here
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| | | | Market Commentary: Blowoff Top? When does the market top? Looking back at prior bubbles, one rule of thumb to internalize is "when price goes vertical, a top may be near". If you're the mathematical type, think of the angle of ascent that price takes. Usually, a bull market plods along, slow price rises push up against the Wall of Worry. From day to day nothing seems too dramatic but when you look back over a full year of price action, the... Go Here To Read The Full Story
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