#stocks #stockmarket #stockstobuy
Ladies and gentlemen, let's dive into the world of stocks and investments from a Jordan Peterson perspective. We have an interesting recommendation for you: SoFi Technologies (SOFI) stock. Despite its recent steep drop, I must say the sellers have missed the mark on this one. Mizuho assures us that the arguments for the selloff are simply unfounded. Yes, Wedbush downgraded the stock and cited meager loan sales, but let's not be swayed by their negative assessment. Now, let's shift our attention to Palantir (PLTR). This AI-powered data science firm has faced its fair share of challenges. It seems that no matter what Palantir does, good or bad, its stock has been crashing lower. But here's the twist: we believe this is just the beginning of a much bigger breakout! Our analysis indicates that PLTR shares are poised to soar over 100% in the next 12 months! The chart itself couldn't be more encouraging. PLTR has not only reclaimed its 200-day moving average but has also confidently broken above its two-year downtrend resistance line, which it previously failed to conquer multiple times. Moreover, it has formed a new bullish uptrend that has proven its strength through several successful tests. Let's address the valuation concerns surrounding Palantir. Yes, it's true that the stock trades at around 10 times trailing sales, which may initially seem high. However, hold on to your seats because analysts are expecting Palantir to achieve nearly 50% annualized earnings growth over the next five years. When you consider that level of growth, this sales multiple is actually quite attractive. And finally, let's talk about NIO (NIO). It's been a rough ride for investors as the shares have experienced significant declines in recent months. However, in the world of investments, volatility often presents opportunities. Right now, with NIO trading just above $8 and at a modest 1.8 times sales revenue, I strongly believe we have a fantastic entry point. Here's the optimistic view: deliveries will undoubtedly improve, and sometimes the best time to buy is when things seem at their worst. I have high expectations for NIO's production ramping up significantly from this point forward. And guess what? The forecasts support my optimism. Analysts project NIO's revenue in the second half of this year to surge to a remarkable $7.3 billion, up from an estimated $4.3 billion in the first half. Now, let's talk about NIO's shift towards sedan production. In response to the increasing popularity of EV sedans, NIO has steadily increased its production of models like the ET7 and ET5, sacrificing some SUV production along the way. The share of sedan deliveries has shown a consistent upward trend, reaching an impressive 74% in April, up from 69% in March and 56% in December. Why am I so enthusiastic about this? Well, NIO has been honing its strategy for nine years, and I genuinely believe that this shift towards sedan production reflects the demand within the market. Now, I understand the challenges of valuing companies that continuously operate at a loss. However, when a company finally achieves breakeven, it can result in a significant revaluation, typically to the upside. While NIO doesn't expect to turn a profit until 2026 (originally 2025 before China's Covid lockdown impact), there's a possibility that they could reach that breakeven point next year, especially considering the fine margin they currently face. In fact, analysts anticipate NIO generating $17.6 billion in revenues next year, the highest among China's three EV newcomers, including Li Auto and XPeng.
Sources: https://www.barrons.com/articles/sofi...
https://investorplace.com/hypergrowth...
https://www.fool.co.uk/2023/05/14/her...
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