TMT: S&P 500, TerraUSD, Kuaishou Technology, Clearfield Inc, Newgen Software Technologies and more

• Both the S&P 500 and the Nasdaq 100 have hit decent supports
• This has come after the rise in yields has started to slow down
• At this stage it appears at least a short term bounce may be seen. It is too soon to determine anything more than that

• We explore the notion that stablecoins existed even before crypto was invented and shows the difficulties of creating a monetary medium with zero volatility 
• We show that the supply of stablecoins has grown 27x over the past 2 years and breakdown the history of stablecoins and their modern-day use cases 
• We demonstrate a strategy to generate 20% returns on stablecoins using TerraUSD (UST CURNCY)  and Anchor Protocol

• The stock price has risen 13% since our last note, but we still believe there is an upside of 21%.
• The company is cutting employee benefits, from housing allowance to afternoon tea.
• We believe the operating loss will shrink significantly in the following two years.

• CLFD has been the beneficiary of communication service providers investing in their broadband networks to meet an increase in data traffic.
• The events of the last two years, namely the COVID-19 pandemic causing work/learn from home and Huawei and ZTE equipment replacement, were the reason for the boom CLFD has experienced.
• CLFD’s community broadband customer was incentivized to replace Huawei and ZTE equipment with reimbursement checks from the FCC.

Robust deal wins to drive growth