Mar 1st Stock Market update - Elon Musk sues Open AI CEO Sam Altman

$IWM $MU

Author

Mukund Mohan
March 01, 2024

Market

"Elon Musk is suing Microsoft-backed OpenAI and its CEO, Sam Altman, among others, alleging they abandoned the company's founding mission to develop artificial intelligence "for the benefit of humanity broadly."“🤣 😼 

The markets are very strong and I like the price action on $IWM (Small Cap Index) a lot

For the week IWM did well, and look for continued strength

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Every week I dive deep into one company within one of the industries in the coverage universe - Cloud, Software-as-a-Service, eCommerce, Marketing Technology (MarTech), Finance Technology (FinTech)...

mukundmohan.online/investment-newsletter-ze6eep

Sticking to Technology is paying off

I mentioned $ACMR ACMR and did a deep dive on Feb 7th. Stock is up 100% since then from $16s to $32.

VKTX (Viking Therapeutics - Weight loss drug), DELL and HIMS were other big winners.

Insights from my portfolio

I am more bullish on APP (Applovin) than Unity. This deep dive is on why I think Unity is valued richly

$U Unity Software Inc Deep Dive and 2024 Outlook

Will the earnings be a damper or a good entry point for the stock?

stocksmarts.substack.com/p/u-unity-software-inc-deep-dive-and

Video of the day

Today’s video is on UIPath a robotic process automation software company.

Deep dive of the day

Today’s write up is on Array Technologies, a utility scale solar tracking company. I like Nextracker $NXT over $ARRY

Array Technologies $ARRY Deep Dive – Investment Literacy Coach

Array is a utility scale solar tracking company

blog.mukundmohan.online/index.php/2024/03/01/array-technologies-arry-deep-dive

Good setups for swing

IWM multi year breakout - should get to $225 in a month

Micron MU in a multi-year breakout - should get to $115 in a month