Only billions over here! šµ
This week, EVs are getting a $5 billion boost, Affirm is burning money, Disney is catching up to Netflix, and Amazon is going in on healthcare!
Hi,
My beautiful people of Trove, something āhoogeā is about to hit you, trust me itās hooogge!!! We have been cooking and it's almost time for us to serve you hot, like you like it.Ā
Without further ado, letās dig in. Shall we?
$5 Billion Roll-Out, Are you ready??
Let's be calming down oo!!! š¤²LoL Tomi from Trove doesnāt have $5Billion to give you, Itās Uncle Biden of USA. š
In what I will call a āgood way to share the national cakeā, the Biden administration is providing states in the US with $5 Billion worth of funding to power electric vehicle charging infrastructure across the country. It comes as part of a larger plan that will allocate a total of $7.5 billion to build out US EV charging infrastructure. Nothing to see here, just safeguarding the future of the countryā¦
In case you are wondering why spend so much on charging networks,ā¦. according to President Biden; it will help win against China(Surprise, surprise š), āItās going to help ensure that America leads the world on electric vehicles. China has been leading the race up to now, but this is about to change.ā Maybe itās finally time to stay checking on those EV stocks!
Me, adding more EV stocks to my portfolio:
Affirm is getting Crushed!!
OMG!!! 26% down in a single day!!
Stocks of buy-now-pay-later company Affirm, have gone in the opposite direction after the company released its number.Ā
Affirm investors are on a selling spree, as the joy of the company's partnership with Amazon didnāt seem to last long. Affirm shares have declined 51.7% in 2022 and are trading at a loss of around 19% on Friday evening.Ā
The company reported a net loss of $159.7 million compared with a $26.6 million loss in the year-earlier period. Affirm said it had an adjusted operating loss of $7.9 million vs. $3.1 million in adjusted operating income a year earlier. In other words, itās coughing up money, instead of alcohol š¤®
Affirm stock during 2021:
Many analysts are downgrading the stock and encouraging investors to sell. Prayers go to all holders of that stock. - they need it
Battle Of The Streamers!
Who doesnāt love a good fight? Calling Netflix and Disney+ to the ring.Ā
The battle of the streamers is in full swing, especially between Netflix and Disney. Disney+ ( the Disney streaming service) reported almost 12 million new subscribers for the first quarter of 2022.Ā
Disney investors were like:
This news resulted in an 8% increase in Disneyās stock value.
Netflix investors on the other hand were not so thrilled. Netflixās new subscribers for the last quarter of 2021 were about 200,000 lower than analysts expectations. To make a bad situation even worse, they forecasted 2.5 million new subscribers for Q1 of 2022 which is significantly lower than the 3.98 million they had in Q1 of 2021. Netflix also reported its slowest annual growth rate in five years.Ā
Investors were clearly not having it. Netflix stock value dropped by about 20%.
Looks like a tough year for Netflix already
Disney CEO, Bob Chapek, maintained that the company plans to double its number of subscribers by 2024. Taking them from the 129.8 million subscribers they presently have to 230-260 million subscribers.Ā
In summary, Disney did not come here to play!
Amazon now offers healthcare! š„
What Amazon cannot do doesn't exist. The next industry to conquer is...health! š©ŗ
Amazon is rolling out its telehealth service, known as Amazon Care, nationwide, the company announced Tuesday.
Amazon Care launched in 2019 as a pilot program for employees in and around the companyās Seattle headquarters. Wahala for who no dey work for Amazon šæ The program provides virtual-care visits, as well as free telehealth consultations and in-home visits for a fee from nurses for testing and vaccinations. It has since expanded into more of a primary care service.
Shares of Teladoc, a provider of virtual doctor visits, fell 6% Tuesday on Amazonās news.
Holders of Teladoc, seeing the news:
Amazon said itās capitalizing on the surge in demand for in-home care, both virtually and in-person, generated by the coronavirus pandemic. Itās hoping that Amazon Careās blend of virtual care and āa new approach to in-person careā will be able to attract employers away from other providers. Amazon š¤ Poaching talents from the rest of us
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This week, remember you're a star!! As Beyonce said, āDonāt try to lessen yourself for the world; let the world catch up to you.ā
Your dearest and favourite Stocks Market Gist Partner,
Tomi, From Trove š¤
XOXO