LiveWire

Following the operational needs of e-commerce, parcel shipping is a booming business. More than 83 billion parcels (two thirds of the global total) are currently shipped in China. Although this figure is rather impressive, most countries saw a boost in the number of parcels received during the pandemic. In the US we could observe a 37% increase between 2019 and 2020, vs. a 17% increase for the previous year. There were 131 billion parcels shipped worldwide in 2020, a figure that tripled in the past six years and is expected to double again in the next five. Source: Statista, Pitney Bowes

SoftBank-backed robotics firm AutoStore said it seeks to raise $315 million by listing on the Oslo Bourse for an initial public offering at a valuation that could make it Norway's largest stock launch in two decades. The IPO could give the company a valuation of around $10 billion. @Yahoo

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

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

GameStop's stock is already trading over two times next year's enterprise value to revenue. And so it's trading as if it's already going to have a very successful transition, which is something that we just find to be incredibly difficult