MJ_Lux @MJ_Lux: "𝙈𝙖𝙧𝙠𝙚𝙩𝙨 𝙖𝙣𝙙 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝙐𝙥𝙙𝙖𝙩𝙚: 𝘼𝙪𝙜𝙪𝙨𝙩..."

Luxembourg

𝙈𝙖𝙧𝙠𝙚𝙩𝙨 𝙖𝙣𝙙 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝙐𝙥𝙙𝙖𝙩𝙚: 𝘼𝙪𝙜𝙪𝙨𝙩 𝟮𝟬𝟮𝟰 Dear Copiers, Followers, and Fellow Investors, I hope this message finds you well, as we continue to move farther into the second half of this year. The portfolio finished the month of August at -3% with very high sell off at the beginning of the month (see previous post). 🟢 $ZEPP (ZEPP Health Corp.-ADR) (+31.3%): Analysts have set an average price target of 4.19 for Zepp, indicating huge upside. Effective September 1st, the global leader in smart wearables and health technology will have a new board of directors. Looking ahead, revenue is forecast to grow 22% on average during the next 2 years, compared to a 7.6% growth forecast for the electronic industry in the U.S. After reporting earnings in August for second quarter 2024, Mr. Wang Huang, Chairman and CEO of Zepp, commented, "Our second quarter performance aligned with our guidance, highlighted by a sequential increase in self- branded product sales and the achievement of a historically high gross margin. Despite a year-over-year decline in revenue, we are confident that the most challenging phase of our transformation has now been successfully navigated." 🟢 $PTON (Peloton Interactive) (+30.9%): Peloton has returned to sales growth for the first time in nine quarters. The connected fitness company posted quarterly results that came in well ahead of expectations and delivered a mixed outlook for the year ahead. Peloton has been working to improve its balance sheet, and the boost in their stock price has resulted from their turnaround plan and continuing to shrink losses. 🟢 $AYRO (AYRO Inc) (+16.83%): AYRO designs and produces zero emission vehicles and systems that redefine the nature of sustainability. They appointed a new management team in mid-August, to re-engineer and restructure a lower cost low-speed electric vehicle. The recent jump in their share price is reflected in what Josh Silverman, AYRO's Executive Chairman, commented. "These high value additions to our management team are exactly what we need to move the company forward. It will enable AYRO to offer Vanish at a significantly reduced cost. We believe this minimal lower risk investment in re-engineering our vehicles is an appropriate next step for AYRO.” 🟢 $BABA (Alibaba-ADR) (+5.69%): Alibaba reported earnings earlier this month. Alibaba reported revenue that grew 3.9% though missed market expectations and fell short of the 30% growth of the same quarter three years earlier. This indicated a possible intriguing entry point. The Chinese e-commerce giant concludes a three- year regulatory process. BABA described the regulator's announcement as a "new starting point for development" and said it would continue to "promote the healthy development of the platform economy and create more value for society.” This comes after the company was hit with a multi-billion dollar antitrust fine by China’s State Administration for Market Regulation in 2021 for monopolistic practices. Stock popped after this conclusion of regulatory overhaul and earnings headed in right direction. 🔴 $UPWK (Upwork Inc) (-20.46%): Upwork is an online platform where businesses and independent professionals connect to get work done. In August, Upwork reported revenues of $193.1 million, up 14.5% year over year. This was in line with analysts’ expectations, but overall, it was a weak quarter for the company with underwhelming revenue guidance for the next quarter. “We produced strong revenue growth of 15% year- over-year and our highest-ever net income amid a challenging and dynamic macroeconomic environment,” said Hayden Brown, President and CEO, Upwork. The decrease in price could be because investors were worried about the growing competition in the freelancing business. Now, let’s take a closer look at some of the economic news around the world: The United States economy is contending with persistent inflation and political uncertainty. The Federal Reserve is now balancing inflation control with sustaining economic growth. We expect to finally see rate cuts in September. Although the labor market remains strong, consumer spending has slowed due to higher interest rates. New U.S. jobless claims fell slightly to 231,000, indicating a softening but steady labor market. Geopolitical tensions with China, especially in technology, add to the uncertainty, while political uncertainty ahead of the 2024 presidential election further clouds the economic outlook. The S&P 500 continues to reach new highs, as well as the Dow approaching 42,000. The U.S. financial markets are facing some pressures, particularly in the technology and financial sectors. 1/2: The rest in the comment (China and UK). Best Regards, MJ

5 Mentioned

ZEPP

ZEPP Health Corp.-ADR

PTON

AYRO

BABA

UPWK