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Major Chinese internet corporations like Didi, Tencent, Alibaba or Meituan have shed billions of market capitalization in 2021, but Tesla's CEO Elon Musk announced that his company kept every intention to keep investing and expanding in the country. Companies like Tesla, Qualcomm and Intel have all the interest to invest in the world's biggest market for EVs and smartphones. Source: Bloomberg

The following chart shows the structure of US equities ownership since 145. The largest share remains households, while a good portion goes to mutual funds and the rest of the world. Source: Lance Roberts 

Key financials and cyclicals patterns could lead to a 20% upside. The number of compelling new organic (and inorganic) growth initiatives underway across their human capital management and financials, including Peakon, Accounting Center, Extend, Strategic Sourcing, are likely to drive 2-3pts upside to the 20% subs growth targets. While the company did not provide a timeline for its $10bn+ revenue target, its expectation for sustaining 20%+ y/y subscription revenue growth implies this to be achievable by FY26. @BoA

Ground margins were below estimates, offset by better-than-expected Express and Freight results. FedEx incurred $800 million in cost headwinds versus a year ago, with $450 mil. due to labor market issues ($200 million for higher wages and purchased transportation expense and $250 million due to network inefficiency costs). FedEx is working to alleviate these pressures into 2H with targeted wage increases and other initiatives, but it expects the roughly $800 million headwind to continue into F2Q22. It is hopeful that a more supportive labor market, rate increases, and freight selectivity will alleviate the overhang in F2H, and help reverse margin declines. Forward P/E lowering, with sentiment caution, reflecting a depressed 12.6x P/E multiple, and signs of seasonal hiring and rate gain success could assuage labor shortage concerns.@BoA

Goldman Sachs analyst Peter Oppenheimer advises investors to wait for a 10% market correction before buying back in stocks. He believes that it is not a bad moment to get back in, as fundamentals remain strong and we're still early in the economic cycle. The correction will be a minor setback to regard as a buying opportunity for many. Source: Bloomberg