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Chris Lau on Muck Rack

Chris Lau

Verified
  • Breaking News Writer, CNN
Hong Kong
As seen in: CNN, CNN en Español, CNN International, CNN Politics, CNN Travel, MSN, MSN Canada, MSN UK, Yahoo Entertainment, Yahoo Life, Business Insider and
@CNN | Formerly @SCMP | Views are my own

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Articles

Warnings on Carvana, Honeywell Aerospace, Oracle, and More

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By Chris Lau Verified
| BayStreet.ca
The unravelling in shares of Carvana (CVNA) continued in the last two trading sessions. CVNA stock is in a narrow trading range of between $64.00 and $71.00. On Monday, the stock closed down by 4.75%. Carvana did not post any new developments. Short interest is high at over 10%. In April, the company set a target of selling 3 million cars annually, along with a goal of 13.5% in adjusted EBITDA margin by 2030 to 2035. Investors are no longer patient enough to wait for results four years from now.
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Trade Lucid, Adobe, and IBM

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By Chris Lau Verified
| BayStreet.ca
The sharp rise in oil prices between February and June renewed customer interest in electric vehicles. When the U.S. bombing restarted in Iran recently, oil prices rose again. Bears, who hold a 16.3% short interest in Lucid Group (LCID), managed to send the stock to a low of $2.37. Rumors circulated on July 14 that the company would go private or declare bankruptcy. Lucid promptly issued a statement. It said that it is working with AlixPartners but that claims of bankruptcy were completely false.
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Why did the Chip Stock Rally Just Fade?

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By Chris Lau Verified
| BayStreet.ca
Micron Technology (MU) and SK Hynix (SKHY) started Monday morning’s trading with a strong rally. Shares gained over 4%. But by the end of the day, both MU and SKHY shares barely rose by 2%. The rally faded throughout the day as stock markets could not ignore the persistent tensions between the U.S. and Iran. After markets closed on Monday, the Houthis announced they would block Saudi Arabia. That opens a new front against the U.S., if it goes through with the threat.
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