By coinnews 
00:00 Speaker A
It’s now time for some of today’s trending tickers. This morning we’re watching Marvel, CrowdStrike, and Tesla. First up, Marvel postponing its investor day, citing an uncertain economy. The investor day was scheduled for June 10th will now take place on an unspecified date in 2026. Canter Fitzgerald, also downgrading the stock to neutral from overweight. And this comes as cyclically speaking, the semiconductor names have been in a little bit of a tough moment here, specifically when it comes to Marvel. Uh one analyst saying, while at these levels, the stock is not expensive. We worry that the shares could be range bound until investor confidence and Marvel’s custom chip pipeline improves. So just a note to say that it’s not just about seeing, oh, well, the stock is at a discount. Now, uh some of those fundamentals are also of concern for analysts, Brad.
01:17 Speaker B
Yeah, two things jump out to me here. The narrower revenue guidance that was provided by Marvel as part of uh the announcements here. But then additionally, you’re taking a look at how the street is viewing this name and and what is playing into this larger call that we saw come through from Canter Fitzgerald, and that is where we could see some of the application specific integrated circuits and some of that demand shift towards and the transition to some of the Broadcom processors that are also a part of that, that all impacts Marvel and that all uh combined with them moving out some of what the details were that the investor community was waiting to hear from. That’s going to be delayed too here. So, uh it really is factored into the share price action that we’re seeing correlated here today, moving the stock lower by 9% right now. Next up, let’s talk a little CrowdStrike, cutting 500 jobs or about 5% of its workforce to reduce costs. The cybersecurity company also reaffirming guidance for fiscal year 2026. It is set to release first quarter results next month. You’re seeing shares of CRWD move lower by about three, uh, little more than 3%, as of right now. And within the document, uh, the filing that they had put forward here, they had mentioned that there would also be this correlated plan, the strategic plan, the plan, as they’re calling it, uh, estimates that they’re going to incur approximately $36 million to $53 million in charges in connections with this plan. $7 million expected to be recognized in the first quarter of fiscal 2026, uh, and then substantially the remainder incurred during the second quarter of fiscal 2026, uh, in association with some of the restructuring and the cuts that are coming to their workforces as well.
03:33 Speaker A
Yeah, I think it’s so important that you point that out, Brad, because, uh, when you get layoff news for a company, sometimes that can be seen as good news for the stock because it means they’re cutting back on costs. But as you can see in the price action with this stock down this morning, perhaps this is a sign that the amount of losses the company expects to incur off the back of those layoffs might be just a little too high. Looks like it’s going to be between 36 and 56 million in charges tied to that severance.
04:06 Speaker B
Yeah, we’re not going to hear from the company, at least on the earnings front, until June 3rd, uh, Tuesday, June 3rd, is when they report, uh, after the market close. And so, uh, that is going to be the for the company’s fiscal first quarter for 2026, which ended April 30th here. So we’ll get a little bit more color about what the guidance and what’s the outlook actually looking like for CrowdStrike at this juncture. Of course, this will be a year removed from some of the more, uh, dire straits, especially on, uh, a kind of lapse in their own services that took place, impacted companies like Delta, and certainly put CrowdStrike front and center with how they would recover from that, uh, in the minds of investors as well here. Uh, but again, shares down by about three and a half percent right now off of this latest news for them.
05:07 Speaker A
Absolutely here. We’re also going to take a look over at Tesla. The China-made electric vehicle sales for Tesla declining for a seventh month, falling 6% year-over-year in the month of April. Chinese rival BYD, meantime, seen sales up more than 19% year-over-year during the same period. What does that tell you? It tells you that it could be a Tesla specific problem in China. We’ve seen this with a lot of other companies as well, not just Tesla, uh, where, especially in China, consumers are switching to so-called homegrown brands. And you can see that playing out with regards to EVs. But more broadly, there has been a slowdown in Tesla sales, not just in China, but of course in Europe with the, uh, with Elon Musk, the CEO, kind of transitioning to more alt-right political views and that weighing on sales, according to some analysts that I have spoken with. And then also here in the United States, we’ve seen a bit of a slowdown in sales as well off the back of Elon Musk working with, uh, the Trump administration, which he says he’s going to dial back over the course of the quarters to come.
06:19 Speaker B
I think that’s cursed this too. I mean, you laid it out right. It’s how much Elon Musk is actually rattling some of the and actually furthering, we should say, some of the shift to homegrown or nationalistic consumer tendencies, especially in the Asia-Pacific region, especially within China, a region where Tesla in years past, just a few years back, finally got the Gigafactory, I believe it was 2019, uh, Gigafactory Shanghai, brought that online, was able to then service directly into the country, largely avoid any potential tariffs that they may have faced in order to kind of produce here and then ship there. So mitigated that. Also was using that originally to try and make sure that they could, um, sell directly into EMEA. But what did they do then? They brought online Gigafactory Berlin. So what we’re watching directly here is a pushback from the consumer on Elon Musk’s tendencies to I mean, look, he essentially annexed himself, the closest of any CEO or billionaire to President Trump. And so there are the ramifications on the other side that Tesla and Tesla shareholders have also been incurring. And now we’re seeing that play out in some of the sales as well here in that region.
07:50 Speaker A
Absolutely.
08:00 Speaker B
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