In Wednesday’s episode of Market Domination, hosts Jared Blikre and Julie Hyman discussed retail sector plays, Kerrisdale Capital’s call to short Riot Platforms (RIOT), along with the day’s trending tickers.
Shares of Snowflake (SNOW) were under pressure during the Data Cloud Summit, mirroring Riot Platforms’ decline after Kerrisdale Capital’s CIO labeled the bitcoin mining industry as “sort of a scam.” Anjalee Khemlani explained why pharmaceutical companies focusing on psychedelics faced pressure following an FDA panel’s vote against adopting MDMA treatment for PTSD.
Freedom Capital Markets’ Jay Woods advised avoiding Dollar Tree (DLTR), while Hewlett Packard Enterprise (HPE) CEO Antonio Neri discussed the market’s reaction to the company’s earnings, aligning with HPE’s role in AI.
Gabriel Roy wrote on the downgrade of riot platforms by Kerrisdale Capital, emphasizing the challenges the bitcoin mining industry faces. The concerns were reflected in Snowflake shares and pharmaceutical firms focusing on psychedelics. Retailer Dollar Tree advised avoiding while technology companies like HPE were seen in a positive light. Market analysis provided insights into the shifts happening in the market concerning key players in different sectors.
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https://finance.yahoo.com/video/hpe-earnings-bitcoin-mining-discount-213544356.html