SPAC Deep Dive, subSPAC

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SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

Equity Bottom-Up

<ul><li>Markets rejoiced this week after a string of weak economic data, which left many to consider if the economy was strong enough to handle further monetary policy tightening.</li><li>This, combined with the upcoming midterms, has left many to forecast that the Federal Reserve could pivot away from its tough stance and hit the pause on rate hikes.</li><li>With markets bouncing back from the lows of the month, meme stocks surged, and trading activity also saw a pickup.</li></ul>

Markets rejoiced this week after a string of weak economic data, which left many to consider if the economy was strong enough to handle further monetary policy tightening.This, combined with the upcoming midterms, has left many to forecast that the Federal Reserve could pivot away from its tough stance and hit the pause on rate hikes.With markets bouncing back from the lows of the month, meme stocks surged, and trading activity also saw a pickup.

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

<ul><li>The past decade has seen the rise of Big Tech emerge as a significant market leader as they continue to play a dominating role in innovation, consumer lives, and the enterprise.</li><li>These names (i.e. Apple, Google, Microsoft, etc.) have tremendous economic moats, free cash flow, and have been a “flight to safety”</li><li>However, so far in 2022, these names have languished as a fierce rotation into other market sectors like agriculture, energy, and metals have taken over while Big Tech consolidates</li></ul>

The past decade has seen the rise of Big Tech emerge as a significant market leader as they continue to play a dominating role in innovation, consumer lives, and the enterprise.These names (i.e. Apple, Google, Microsoft, etc.) have tremendous economic moats, free cash flow, and have been a “flight to safety”However, so far in 2022, these names have languished as a fierce rotation into other market sectors like agriculture, energy, and metals have taken over while Big Tech consolidates

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

In August valuation of the world’s largest retail gaming company reached ~$14 billion and the stock price skyrocketed ~1000% year-to-date. Short interest (SI) in <a href="https://www.smartkarma.com/entities/gamestop-corp-class-a" target="_blank" data-smartkarma-citation="entities:13790:1" rel="noopener">GameStop (GME US)</a> declined to ~11% versus a peak of 141% at the beginning of 2021. Transformation plan started to bring benefit to the company as net losses narrowed and <a href="https://www.smartkarma.com/entities/gamestop-corp-class-a" target="_blank" data-smartkarma-citation="entities:13790:1" rel="noopener">GameStop (GME US)</a> could raise ~$1.7 billion of gross proceeds from At-The-Market (ATM) equity offering programs: (1) <a href="https://www.smartkarma.com/entities/gamestop-corp-class-a" target="_blank" data-smartkarma-citation="entities:13790:1" rel="noopener">GameStop (GME US)</a>  sold 3.5M shares of common stock in April (average price of $157 per share); (2) <a href="https://www.smartkarma.com/entities/gamestop-corp-class-a" target="_blank" data-smartkarma-citation="entities:13790:1" rel="noopener">GameStop (GME US)</a>  completed ATM equity offering program in June and sold 5M shares of common stock at an average price of $225 per share.

In August valuation of the world’s largest retail gaming company reached ~$14 billion and the stock price skyrocketed ~1000% year-to-date. Short interest (SI) in GameStop (GME US) declined to ~11% versus a peak of 141% at the beginning of 2021. Transformation plan started to bring benefit to the company as net losses narrowed and GameStop (GME US) could raise ~$1.7 billion of gross proceeds from At-The-Market (ATM) equity offering programs: (1) GameStop (GME US)  sold 3.5M shares of common stock in April (average price of $157 per share); (2) GameStop (GME US)  completed ATM equity offering program in June and sold 5M shares of common stock at an average price of $225 per share.

Mind-Boggling Valuation and High Probability of New ATM Equity Offering

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

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The "K-Stop movement" made its first real move on <a href="https://www.smartkarma.com/entities/hlb-inc" target="_blank" data-smartkarma-citation="entities:16969:1" rel="noopener">HLB Inc (028300 KS) </a>today on July 15th. The K-Stop movement refers to "Korean Game Stop movement," where many Korean retail investors have gathered together to actively protest and trade against the institutional investors that have put short positions on various Korean stocks.
Similar to many retail investors in US that have traded heavily shorted stocks such as <a href="https://www.smartkarma.com/entities/gamestop-corp-class-a" target="_blank" data-smartkarma-citation="entities:13790:1" rel="noopener">GameStop (GME US) </a>and AMC, many Korean retail investors also want to capitalize on such potential buying of heavily shorted stocks in Korea. 
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The "K-Stop movement" made its first real move on HLB Inc (028300 KS) today on July 15th. The K-Stop movement refers to "Korean Game Stop movement," where many Korean retail investors have gathered together to actively protest and trade against the institutional investors that have put short positions on various Korean stocks.
Similar to many retail investors in US that have traded heavily shorted stocks such as GameStop (GME US) and AMC, many Korean retail investors also want to capitalize on such potential buying of heavily shorted stocks in Korea. 


The Rise of the K-Stop Movement: Makes Its First Real Move on HLB

Insurance & Central Asia-focused Analyst, KT Capital Group

Alec Tseung

Insurance & Central Asia-focused Analyst

Equity Capital Markets

Robinhood Markets  / Equity Capital Markets

Sheerly looking at Robinhood’s recent financial performance, one might conclude it has embarked on an impressive growth journey and could be a recent success story of Silicon Valley.The payment for order flow generates the majority of its revenue as it sells the clients’ orders to the market makers to fill. As such, Robinhood’s revenue still depends heavily on the users’ trading frequency and volume even though it doesn’t take any commission out of the trades.The company’s rumored IPO valuation of $40 billion represents a significant premium to its peers. It is hard to justify such a premium since it is difficult to gauge Robinhood’s future growth which is largely dependent on its users’ trading frequency and volume in the future.In addition to the company’s over-reliance on the payment for order flow and its potentially rich valuation, there are also significant regulatory concerns. The downside risk is simply too high and outweighs any growth potential the company could still have in the long run.

Sheerly looking at Robinhood’s recent financial performance, one might conclude it has embarked on an impressive growth journey and could be a recent success story of Silicon Valley.The payment for order flow generates the majority of its revenue as it sells the clients’ orders to the market makers to fill. As such, Robinhood’s revenue still depends heavily on the users’ trading frequency and volume even though it doesn’t take any commission out of the trades.The company’s rumored IPO valuation of $40 billion represents a significant premium to its peers. It is hard to justify such a premium since it is difficult to gauge Robinhood’s future growth which is largely dependent on its users’ trading frequency and volume in the future.In addition to the company’s over-reliance on the payment for order flow and its potentially rich valuation, there are also significant regulatory concerns. The downside risk is simply too high and outweighs any growth potential the company could still have in the long run.

Robinhood IPO: Downside Risk Could Outweigh Any Potential Future Upside

United States

GameStop Corporation operates specialty electronic game and PC entertainment software stores throughout the United States, Australia, Canada and Europe. The Company stores sell new and used video game hardware, video game software and accessories, as well as PC entertainment software, and related accessories and other merchandise.

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GameStop (GME US)

Could This Be the Meme Stock of 2022?

Markets rejoiced this week after a string of weak economic data, which left many to consider if the economy was strong enough to handle further...

subSPAC

Weekly Stock Bullfinder - Week of 3/14

The past decade has seen the rise of Big Tech emerge as a significant market leader as they continue to play a dominating role in innovation,...

Weekly Stock Bull Finder

Mind-Boggling Valuation and High Probability of New ATM Equity Offering

Our bear thesis assumes long path to profitability, single digit revenue growth rates from 2022 through 2025 and ongoing operating losses

Andrei Zakharov

The Rise of the K-Stop Movement: Makes Its First Real Move on HLB

The "K-Stop movement" made its first real move on HLB Inc (028300 KS) today on July 15th. Many Korean retail investors have gathered together to...

Douglas Kim

Robinhood IPO: Downside Risk Could Outweigh Any Potential Future Upside

Although Robinhood had an impressive growth in recent years, the downside risk, in relation to its over-reliance on PFOF and the regulatory...

Alec Tseung

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