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HypeIndex Weekly Report Apr 21 - 26


Here is the list of the most hyped assets of the week insights and analysis




Apr 21 - Apr 26 2023


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Asset 1


XPeng, Inc. (NYSE: XPEV)




Background:



Guangzhou Xiaopeng Motors Technology Co Ltd (currently conducting business as XPeng Motors), commonly known as XPeng, is a Chinese electric vehicle manufacturer.


The company is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, United States and is publicly traded on the New York Stock Exchange.



Summary:



XPeng’s stock lost the most amongst its peers when the price for Chinese EVs fell as a result of Tesla’s quarterly results missing estimates despite the heavy price cuts.


Xpeng's car sales slumped nearly 50% in the first quarter of the year, underperforming the overall EV segment in China.


Xpeng announced the new SEPA2.0, or Smart Electric Platform Architecture, saying it will be the basis for developing and improving autonomous driving software as well as other engineering uses. The company said the technology will decrease research and development (R&D) cycles by 20% for new vehicle models.


Xpeng's Chief Executive He Xiaopeng also said on Sunday that an automaker needs to achieve annual sales of 3 million units globally to get a chance to survive beyond a decade.


Investors have shown disappointment in the progress of seemingly promising EV makers in China. That's because estimates for achieving profitability have not been met.


Hype Change: 171%

Price Change: -19%


Sentiment: NEGATIVE




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Asset 2


AT & T Inc. (NYSE: T)



Background:



AT&T Inc (AT&T) is a provider of telecommunications, media, and technology services. The company offers wireless communications, data/broadband and internet services, local and long-distance telephone services, telecommunications equipment, managed networking, and wholesale services.



Summary:


Share prices of AT&T have been falling since last Thursday trading following its earnings release for the first quarter of 2023. Although the telecom giant increased its subscriber base, the results showed growth decelerating.


AT&T's first-quarter earnings In the first quarter of 2023, operating revenue came in at $30.1 billion, rising 1% from the same quarter last year. A 3% gain in service revenue, which accounts for 82% of company revenue, offset a 3% reduction in equipment sales.


Net income of just under $4.5 billion dropped by 14% year over year. A 57% drop in other income (meaning income from investments) resulted in falling profits. The decline carried over to free cash flow. In addition to the lower net income, AT&T received less cash from DirecTV distributions and spent more heavily on vendor financing.


Over the last three months, AT&T's cash position fell by about $900 million to $2.8 billion. This is bad news for income investors, who suffered the first dividend cut in decades last year. Without a multi-decade streak of payout hikes to bolster confidence, income investors face the possibility of another dividend reduction.



Hype Change: 119%

Price Change: -12%



Sentiment: NEGATIVE


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Asset 3


Catalent, Inc. (NYSE: CTLT)




Background:



Catalent, Inc. is a multinational corporation headquartered in Somerset, New Jersey. It is a global provider of delivery technologies, development, drug manufacturing, biologics, gene therapies and consumer health products.


Summary:



A pair of analysts from Barclays and Deutsche Bank price target cuts were the apparent catalysts for this latest slide in Catalent share prices.


Bloomberg reported that morning that the conglomerate Danaher (DHR) has dropped its pursuit of Catalent. Citing "people familiar with the matter," the Bloomberg report said Danaher is no longer considering making a buyout offer despite its earlier expression of interest.


That, in turn, was likely heavily influenced by Catalent's Friday announcement that revenue for its fiscal third quarter will probably come in well below both the company's guidance and analysts' consensus estimates.


Additionally, Catalent warned that low production at three of its facilities and higher costs would impact its fiscal 2023 results and said its CFO Thomas Castellano has stepped down, sending its shares down 20%.


While the difference in share price right now is minimal, prices have dropped considerably since April 13th (roughly 20%).



Hype Change: 104%

Price Change: -9%


Sentiment: NEGATIVE



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Asset 4


Marathon Digital Holdings, Inc. (NASDAQ: MARA)



Background:



Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets.


Summary:



As a Bitcoin mining-related stock, Marathon Digital Holdings (like Riot from last week) has a vested interest in how the price of digital currency performs.


The price of bitcoin (BTC) continued to pull back after having touched $31,000 less than one week ago, sending the shares of related stocks down sharply in trading this week.


After having skyrocketed with the price surge in Bitcoin, investors seem to be losing interest in Marathon Digital given the volatility of the underlying cryptocurrencies.


At the time of writing, Bitcoin is back to touching $30,000 again and the roller coaster continues as Marathon goes up today by over 13%.



Hype Change: 71%

Price Change: -29%


Sentiment: NEGATIVE



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HYPEINDEX

HypeIndex is an AI platform that detects Hype in stocks and cryptos before it moves the market, providing reliable early detection for profitable investment opportunities.


The algorithm for our proprietary HypeIndex score is based on sentiment analysis, data science and machine learning.




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