June 27, 2020 - As the stock market enters a new week, Tesla (TSLA) investors will be focused on Q2 vehicle deliveries. With the Fremont plant closed for roughly two months, you would think Q2 would be an absolute disaster but this may not prove to be the case.
Initial estimates had Tesla coming in with 60,000-65,000 Q2 deliveries but things appear to have changed in the last three weeks. Apparently, deliveries have been really picking up toward the end of June and when you combine China to the estimates, Wall St. is now looking for over 80,000.
If Tesla (TSLA) reports anything over 90,000, the stock will explode to a new record high. With three days left to go in the quarter, the final push is being made as we speak!
Sunday, June 28, 2020
Lemonade (LMND) Stock IPO - AI Bots Replace Insurance Brokers
June 27, 2020 - Artificial Intelligence insurance company Lemonade plans to IPO this week under the ticker symbol LMND. LMND stock should be very hot as there will only be 11 million shares released in the float and as long as the stock market cooperates, this one should rally in the months ahead.
Lemonade is rebuilding insurance from the ground up on a digital substrate and an innovative business model. By leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, they believe they are making insurance more delightful, more affordable, more precise, and more socially impactful. To that end, Lemonade has built a vertically-integrated company with wholly-owned insurance carriers in the United States and Europe, and the full technology stack to power them.
Lemonade IPO Details:
IPO Price Range: $24-$26
Float Shares: 11 Million (underwriters can purchase up to an additional 1.65 million)
Total Shares Outstanding: 54,896,246 shares (or 56,546,246 shares if the underwriters exercise)
2019 Sales vs 2018 Sales: 63.8 Million vs 21.2 Million
2020 Sales Q1: 25.3 Million
Based on the details above, Lemonade (LMND) is growing fast and there is a limited supply of stock hitting the market. As long as it doesn't open to high, I plan to at least trade this stock when it opens this week.
Lemonade is rebuilding insurance from the ground up on a digital substrate and an innovative business model. By leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, they believe they are making insurance more delightful, more affordable, more precise, and more socially impactful. To that end, Lemonade has built a vertically-integrated company with wholly-owned insurance carriers in the United States and Europe, and the full technology stack to power them.
Lemonade IPO Details:
IPO Price Range: $24-$26
Float Shares: 11 Million (underwriters can purchase up to an additional 1.65 million)
Total Shares Outstanding: 54,896,246 shares (or 56,546,246 shares if the underwriters exercise)
2019 Sales vs 2018 Sales: 63.8 Million vs 21.2 Million
2020 Sales Q1: 25.3 Million
Based on the details above, Lemonade (LMND) is growing fast and there is a limited supply of stock hitting the market. As long as it doesn't open to high, I plan to at least trade this stock when it opens this week.
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