Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

Global Automotive Stocks/EV Focus/Event Driven

Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

Equity Bottom-Up

<ul>
<li>Tesla will announce Q3 2022 earnings results after the US market close on October 19th. </li>
<li>Given that CEO Elon Musk needs to sell more of his Tesla shares to fund his Twitter buyout by month end, the Street widely expects a huge earnings beat. </li>
<li>Q3 fundamentals were weak for Tesla and orders in Q4 point to another delivery miss versus consensus. We recommend selling into any spike on a positive Q3 print. </li>
</ul>


Tesla will announce Q3 2022 earnings results after the US market close on October 19th. 
Given that CEO Elon Musk needs to sell more of his Tesla shares to fund his Twitter buyout by month end, the Street widely expects a huge earnings beat. 
Q3 fundamentals were weak for Tesla and orders in Q4 point to another delivery miss versus consensus. We recommend selling into any spike on a positive Q3 print. 


Tesla Q3 Earnings Preview--Beat Widely Expected Due to Musk's Twitter Deal

Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<ul>
<li>Elon to Judge: Twitter Lies! Twitter is a fraudster! I am NOT buying Twitter! </li>
<li>Also Elon: Never mind. Carry on. Twitter: Riiiight. We'll see.</li>
<li>Elon's Bankers: WUT? WE HAVE TO SELL "CCC" LBP BONDS NO ONE WANTS TO BUY?</li>
</ul>


Elon to Judge: Twitter Lies! Twitter is a fraudster! I am NOT buying Twitter! 
Also Elon: Never mind. Carry on. Twitter: Riiiight. We'll see.
Elon's Bankers: WUT? WE HAVE TO SELL "CCC" LBP BONDS NO ONE WANTS TO BUY?


Elon V. Twitter: Elon Caved...For Sure...Maybe

<ul>
<li>Bondholders on alert as a whistleblower complaint gives Elon's case the substance he lacked as he tries break his agreement to buy Twitter</li>
<li>But this doesn't win Elon's case—he has to prove deliberate fraud, which is far from clear</li>
<li>It's much easier for Twitter to prove Elon's biggest complaint is buyers' remorse—which isn't sufficient grounds to terminate the deal.</li>
</ul>


Bondholders on alert as a whistleblower complaint gives Elon's case the substance he lacked as he tries break his agreement to buy Twitter
But this doesn't win Elon's case—he has to prove deliberate fraud, which is far from clear
It's much easier for Twitter to prove Elon's biggest complaint is buyers' remorse—which isn't sufficient grounds to terminate the deal.


Twitter V. Elon V Twitter: Elon Finally Hits A Vein

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

<ul>
<li>
<a href="https://www.smartkarma.com/entities/duolingo-inc" target="_blank" data-smartkarma-citation="entities:33531:1" rel="noopener">Duolingo (DUOL US)</a>  reported solid 2QFY22 results and hosted annual Duocon 2022 event in August. Management raised full-year revenue guidance, but the stock remained range bound. </li>
<li>We model total revenues growing +45% y/y to $365M in FY22 and +42% y/y to $517M in FY23, up vs. our prior estimates and projections. </li>
<li>2QFY22 results beat all key estimates, driven by accelerating user growth and strength across the entire business. <a href="https://www.smartkarma.com/entities/duolingo-inc" target="_blank" data-smartkarma-citation="entities:33531:1" rel="noopener">Duolingo (DUOL US)</a>  remains our top mid-cap pick in the EdTech industry.</li>
</ul>



Duolingo (DUOL US)  reported solid 2QFY22 results and hosted annual Duocon 2022 event in August. Management raised full-year revenue guidance, but the stock remained range bound. 
We model total revenues growing +45% y/y to $365M in FY22 and +42% y/y to $517M in FY23, up vs. our prior estimates and projections. 
2QFY22 results beat all key estimates, driven by accelerating user growth and strength across the entire business. Duolingo (DUOL US)  remains our top mid-cap pick in the EdTech industry.


Duolingo. User Growth And Cash Flow Metrics Remain Robust. Management Raised FY22 Guidance

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<ul>
<li>Roblox initially fell 17% on earnings, but ended the week up 8%... why? Third party data is driving stock price action.</li>
<li>Reacceleration of DAUs, engagement, and bookings is beginning to play out...bullish ST.</li>
<li>LT EBITDA margins are anyone's guess right now, which makes the coming 9/9 Analyst Day an important catalyst to frame up the size and margin impact of TAM extensions.</li>
</ul>


Roblox initially fell 17% on earnings, but ended the week up 8%... why? Third party data is driving stock price action.
Reacceleration of DAUs, engagement, and bookings is beginning to play out...bullish ST.
LT EBITDA margins are anyone's guess right now, which makes the coming 9/9 Analyst Day an important catalyst to frame up the size and margin impact of TAM extensions.


United States

Twitter, Inc. provides online social networking and microblogging service. The Company offers users the ability to follow other users activity, read, and post tweets. Twitter serves customers worldwide.

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Twitter Inc (TWTR US)

Tesla Q3 Earnings Preview--Beat Widely Expected Due to Musk's Twitter Deal

Tesla could announce a huge Q3 beat and possibly a share buyback, as Musk needs to sell more Tesla shares in order to fund his Twitter buyout by...

SC Capital

Elon V. Twitter: Elon Caved...For Sure...Maybe

Elon to Judge: Twitter Lies! Twitter is a fraudster! I'm NOT buying Twitter! Also Elon: Never mind. Carry on. Twitter: Hmm. Elon's Bankers: WUT? WE...

Vicki Bryan

Twitter V. Elon V Twitter: Elon Finally Hits A Vein

A whistleblower helps Elon's case to break his Twitter buyout, but he still has to prove deliberate fraud. Twitter can more easily prove Elon has...

Vicki Bryan

Duolingo. User Growth And Cash Flow Metrics Remain Robust. Management Raised FY22 Guidance

Duolingo remains our top mid-cap pick in EdTech, and we believe the company’s growth profile of generating 40%+ organic growth is underappreciated...

Andrei Zakharov

Roblox 2Q22: 15% or 35% EBITDA Margins?

Roblox had a largely bullish quarter, with monetization and engagement metrics starting to show promised acceleration. Key will be 9/9/22 analyst...

Aaron Gabin

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