the Action Alerts More the team cited positive news about the ChargePoint electric vehicle charging network (CHPT) – Get the Class A report from ChargePoint Holdings, Inc. Tuesday.
New York-based Antara Capital will invest $300 million in the company through convertible senior notes to support its growth initiatives.
“We view this as the latest in a series of positives for the business as it adds firepower to its expansion plans,” the AAP team wrote.
Amazon
On Monday, the team discussed the technical aspects of retail and technology giant Amazon (AMZN) – Get the report from Amazon.com, Inc..
“When we look at the significant movements in AMZN stock over the past six months on the daily chart, we see that it has been just as violent as the S&P 500, maybe more,” the AAP team said. .
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“The Relative Strength Index (RSI) was extremely weak during the sharp decline at the start of the year. Yet, we have seen this stock begin to correct this condition, and in fact, it is now in positive RSI territory. »
The chart is now bullish, the AAP team said.
Airbnb
Meanwhile, AAP’s Chris Versace discussed the impact of rising gas prices on home-sharing platform Airbnb (ABNB) – Get the Class A report from Airbnb, Inc. in an interview with Katherine Ross of TheStreet.com.
“Rising gasoline prices will likely weigh on air travel,” Versace said. “But remember, people also travel by other modalities, whether it’s cars or even trains, buses, etc.”
It will take further research to understand the full effect of rising gas prices on Airbnb, he said.
“But I think overall the comparative travel numbers … are still going to be favorable year over year, at least through the September quarter,” he said.
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