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In our weekend digest, we summarize the best pieces published from the working week. These can be read in full by clicking on the link over the name/ticker.

Editor’s Picks – Earnings Season In Full Flow

Trade Of the Week –18/04/22

Our TOTW was going long $IBKR ahead of their earnings this week at $63.50. We closed the trade at market close on Wednesday at a price of $66.45, netting a profit of just under 5%.

Telsa Earnings Preview – 20/04/22

Phile provided a handy preview to Tesla earnings, flagging that the most important part of the report would stem from comments around supply chain problems. Although the company has managed to cope well so far, some analysts are pointing to the slight miss in expectations on delivery numbers as being caused by supply issues.

The numbers can be seen here, with Q1 deliveries being a new record at just over 310,000. This was up on Q4 2021, and a far cry from the 185k from the same period last year. However, some were forecasting a higher number.

Stocks – Big Moves For Retail Favourites

Netflix (NASDAQ:NFLX) – 20/04/22

Netflix released earnings after market close yesterday. After some under-par numbers, Netflix shares are on track to lose $40B in value, taking the year-to-date performance down 57%. If the after-hours fall holds up, Netflix will become the worst performing stock this year in both the S&P500 and Nasdaq100.

Tesla (NASDAQ:TSLA)– 21/04/22

Tesla plan to grow their manufacturing capacity as quickly as possible. Over a multi-year horizon, they expect to achieve 50% average annual growth in vehicle deliveries. The rate of growth will depend on their equipment capacity, operational efficiency and the capacity and stability of the supply chain. Factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022.

Crypto & FX – BTC Rally Still On Ice

Bitcoin (BTC) – 19/04/22

Crypto has mainly been a bearish conversation ever since Bitcoin hit a high of $69k in November last year. Most coins were in large downtrends and failing below any supports on the way down. However, in early February Bitcoin made a strong move up, gaining 11% on the day. That then set the groundwork for the price to stabilise.

StepN (GST) – 21/04/22

Although still in a beta phase, excitement has been spreading in recent weeks around the development of new Web3.0 content associated with STEPN. This is part of the new age “play to earn” ecosystems that allow players to earn coins for activities. With initial growth looking strong, we think that the GST/GMT price could surge.

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