FIGS Inc Stock Forum

Morning Movers
Gapping up
$Okta(OKTA.US)$ 's stock surged more than 25% following a stronger-than-expected quarter and a positive outlook for the current period. Bank of America double-upgraded the stock to a buy.
$C3.ai(AI.US)$ The artificial intelligence software stock popped more than 15% on robust earnings. C3.ai posted a narrower-than-expected adjusted loss per share of 13 cents. Revenue also topped expectations.
$Duolingo(DUOL.US)$ 's stock ...

$FIGS Inc(FIGS.US)$ Should I buy a  couple thousand worth if FIGS ?

amazing day today
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$Apple(AAPL.US)$$Cheetah Mobile(CMCM.US)$$Doximity(DOCS.US)$$FIGS Inc(FIGS.US)$$Fast Radius(FSRD.US)$$Lucid Group(LCID.US)$$Matterport(MTTR.US)$$NIO Inc(NIO.US)$$Snail(SNAL.US)$$Toast(TOST.US)$$Veru Inc(VERU.US)$

Upgrades
• $Advanced Micro Devices(AMD.US)$ : Northland Capital Upgrades to Outperform from Market Perform - PT $95
• $Bunge(BG.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $135 (from $140)
•$Brookfield Infrastructure Partners LP(BIP.US)$ : Credit Suisse Upgrades to Outperform from Neutral - PT $49.50
• $Banco Santander Chile(BSAC.US)$ : UBS Upgrades to Neutral from Sell - PT $18 (from $17)
• $Crown Castle(CCI.US)$ : Jefferi...

Upgrades
• $Alibaba(BABA.US)$ : JPMorgan Upgrades to Overweight from Underweight - PT $130 (from $75)
• $KE Holdings(BEKE.US)$ : JPMorgan Upgrades to Neutral from Underweight - PT $13.50 (from $7.50)
• $Baidu(BIDU.US)$ : JPMorgan Upgrades to Neutral from Underweight - PT $125 (from $90)
• $Bilibili(BILI.US)$ : JPMorgan Upgrades to Neutral from Underweight - PT $19 (from $15)
• $Baozun(BZUN.US)$ : JPMorgan Upgrades to Neutral from Underweight - PT $8 (from...

Gainers：
• $Affirm Holdings(AFRM.US)$ +36.4% (also announces multi-year extension of exclusive partnership with SHOP in the US)
• $Robinhood(HOOD.US)$ +22.9% (Emergent Fidelity discloses 7.6% stake; Sam Bankman-Fried CEO of crypto exchange FTX is majority holder in fund)
• $Endeavor Group(EDR.US)$ +20% (in reaction to earnings)
• $Coinbase(COIN.US)$ +13% (in sympathy with HOOD news)
• $Dynavax Technologies(DVAX.US)$ +11.5% (to join ...

$FIGS Inc(FIGS.US)$ is there a problem?!

The $Consumer Discretionary Select Sector SPDR Fund(XLY.US)$ performed poorly this week as Tesla's $Tesla(TSLA.US)$ 15.44% drop helped contribute to an overall 3.54% decrease. The $Consumer Staples Select Sector SPDR Fund(XLP.US)$ was nearly in-line with the $SPDR S&P 500 ETF(SPY.US)$, down 0.22% on the week.
EV charging stocks $EVgo Inc(EVGO.US)$ , up 89.38%, $Volta(VLTA.US)$ , up 34.93%, and $QuantumScape(QS.US)$ , up 25.11%, placed in the top five gainers this week for consumer stocks with market caps over $2B. The EV stocks got charged up after the bipartisan infrastructure bill was signed into law, setting aside $7.5B towards the development of an EV charging infrastructure in the U.S.
Rounding out the top five, technology e-commerce site and moomoo favorite $Newegg Commerce(NEGG.US)$ , jumped 33.78%, and luxury fashion retail platform $Farfetch(FTCH.US)$ reported a 24.15% gain after confirming a partnership with designer Richemont.
On the opposite spectrum, beverage company $Celsius Holdings(CELH.US)$ , down 22.87%, was the biggest loser after input cost inflation and supply chain challenges caused a Q3 earnings miss. Scrubs seller $FIGS Inc(FIGS.US)$ also cited supply chain challenges and is down 18.36% on the week despite posting a Q3 beat.
$National Vision(EYE.US)$ beat earnings but fell 21.77% as full-year guidance was below consensus estimates. Shares dropped throughout the week as Bank of America downgraded the stock to Underperform, citing headwinds including "more normalized product mix & average ticket" that could continue into 1H22.
EV company $Arrival(ARVL.US)$ trades down 18.86% for the week after it delayed its production timeline. The electric van and bus maker now expects "significantly lower" volume levels in 2022.
Finally, home solutions company $SmartRent(SMRT.US)$ fell 21.06% after reporting earnings that weren't as good as investors had hoped.
Narrowly missing the top five decliners were Tesla, which fell 15.44% as Elon Musk and his brother sold shares in the company, and $Beyond Meat(BYND.US)$, down 14.65% after issuing Q4 revenue outlook well below consensus.