5i Research Weekly Rockets and Duds
Welcome to a summer week version of 5i Research Stock Market Rockets and Duds.
Monday.com Ltd. MNDY 
Remember that famous Boomtown Rats song, 'I Don't Like Mondays?'. Well, it was about a school shooting and there is no way it could have been about Monday.com, as the company didn't exist back in the 80s. But we are sure some shareholders were singing the tune last week, as Monday shares fell 29%. The company beat second-quarter earnings estimates and raised its guidance for the year, but a very tiny miss in its third-quarter forecast caused a wave of selling and many sharp brokerage price target reductions. The stock reacted harshly. We guess if you are going to call your company 'Monday' you better make sure you have good news, always.
Remember that famous Boomtown Rats song, 'I Don't Like Mondays?'. Well, it was about a school shooting and there is no way it could have been about Monday.com, as the company didn't exist back in the 80s. But we are sure some shareholders were singing the tune last week, as Monday shares fell 29%. The company beat second-quarter earnings estimates and raised its guidance for the year, but a very tiny miss in its third-quarter forecast caused a wave of selling and many sharp brokerage price target reductions. The stock reacted harshly. We guess if you are going to call your company 'Monday' you better make sure you have good news, always.
Eve Holding Inc. EVEX Eve is an air transportation company, whose shares fell 21% last week as it sold $230 million worth of new shares, triggering 14% dilution in shares. Of course, raising money is what the stock market is all about, but EVE shareholders were having none of it. They chose to jump out of the plane rather than handle a little stock market turbulence.
Eve is an air transportation company, whose shares fell 21% last week as it sold $230 million worth of new shares, triggering 14% dilution in shares. Of course, raising money is what the stock market is all about, but EVE shareholders were having none of it. They chose to jump out of the plane rather than handle a little stock market turbulence. 
TeraWulf Inc. WULF 
WULF is an emerging AI datacentre infrastructure company, in addition to its 'clean energy bitcoin' business. Last week it surged 78% on news of an $8 billion contract to expand its high-performance computing colocation agreements. The fact that this deal was back-stopped by Google, which now owns 14% of the company, made investors giddy with excitement. They are not crying 'wulf' this time.
WULF is an emerging AI datacentre infrastructure company, in addition to its 'clean energy bitcoin' business. Last week it surged 78% on news of an $8 billion contract to expand its high-performance computing colocation agreements. The fact that this deal was back-stopped by Google, which now owns 14% of the company, made investors giddy with excitement. They are not crying 'wulf' this time. 
Opendoor Technologies Inc. OPEN OPEN continues with its rally this year, up 62% last week and now up 126% for the year. Last week online critics on X essentially forced the CEO to resign: the power of social media! But the stock is also getting a big push from hedge funds and owners, and famous investors such as Paul Tudor. It has become the next big 'meme' stock and is moving, for now, accordingly.
OPEN continues with its rally this year, up 62% last week and now up 126% for the year. Last week online critics on X essentially forced the CEO to resign: the power of social media! But the stock is also getting a big push from hedge funds and owners, and famous investors such as Paul Tudor. It has become the next big 'meme' stock and is moving, for now, accordingly. 
Bausch Health Companies Inc. BHC Wow, a Canadian company makes it into the Rockets! Bauch, formerly Biovail, and once Canada's biggest company by market value (but now only worth $4 billion), surged 45% last week as hedge fund Paulson & Co. continues to buy shares, with their ownership level now at 19.5% of the company, worth more than $500 million. Mr. Paulson is the current Chairman of the company. Still, despite all the interest and takeover speculation, BHC shares are still down 5% this year, and down 96% in the past decade.
Wow, a Canadian company makes it into the Rockets! Bauch, formerly Biovail, and once Canada's biggest company by market value (but now only worth $4 billion), surged 45% last week as hedge fund Paulson & Co. continues to buy shares, with their ownership level now at 19.5% of the company, worth more than $500 million. Mr. Paulson is the current Chairman of the company. Still, despite all the interest and takeover speculation, BHC shares are still down 5% this year, and down 96% in the past decade.
Take Care,
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