- The Daily Trade
- Posts
- BYD's Shark Pickup: A Game Changer for the Global Market
BYD's Shark Pickup: A Game Changer for the Global Market
Ryan Serkes
January 28, 2025
The
Daily Trade
Good morning.
Today’s newsletter dives into a mix of groundbreaking developments across stocks, real estate, and crypto that could shape the market landscape. The confirmation of billionaire Scott Bessent as Treasury Secretary is a historic milestone, bringing a fresh perspective to fiscal policy during a time of economic uncertainty. His commitment to balancing diverse interests will be crucial in the months ahead.
Meanwhile, BYD's Shark pickup truck is making waves internationally, challenging established automakers with its hybrid technology and competitive pricing. In the realm of real estate, Orlando's housing market is witnessing soaring prices despite a dip in sales, raising questions about buyer behavior in a high-interest environment. Lastly, the crypto space is buzzing with Plume Network's launch of SkyLink, set to enhance the distribution of real-world assets. Let’s explore these stories in detail!
First time reading? Join over 100k intellectual readers, just like you. Sign up here.
Don’t keep us a secret: Share this email with friends.
And, as always, send us feedback at [email protected].
Here's what's happening today:
Today in the Stock Market- Crocs faces securities fraud class action lawsuit. 🥾
- Scott Bessent confirmed as treasury secretary. 💼
- BYD Shark pickup gains attention in global market. 🚗
- Orlando home prices hit record highs despite lower sales. 🏡
- Equity Lifestyle Properties reports steady Q4 earnings. 📈
- Block, Inc. faces major legal challenges. ⚖️
- Plume Network enhances RWA ecosystem with SkyLink. 🌐
Question
What are your thoughts on BYD's Shark pickup truck? Do you think it has the potential to disrupt the U.S. market like Tesla did with electric vehicles?
Reply to this email with your answer
Today in the Stock Market
 Billionaire Scott Bessent Takes Office as Treasury Secretary The U.S. Senate has confirmed billionaire investor Scott Bessent as Treasury Secretary, marking a historic appointment as he becomes the first openly gay individual to hold the position. Bessent's confirmation received bipartisan support, reflecting a collaborative effort amidst political divisions. His role will involve navigating complex economic challenges, including tax cuts, deficit reduction, and trade policies that foster growth without jeopardizing the economy. Bessent, who has previously supported Democratic initiatives, has aligned himself with President Trump's agenda, emphasizing the urgency of renewing key tax provisions set to expire in 2025. His confirmation comes at a time when economic stability is crucial, and he is tasked with balancing the interests of both business leaders and the populist base that seeks government accountability. Bessent's experience and financial acumen are expected to play a vital role in shaping fiscal policy. Despite some opposition from Democrats regarding past tax liabilities, Bessent has committed to addressing these issues transparently. His approach includes maintaining the independence of the Federal Reserve and advocating for more aggressive sanctions on Russian oil. As he steps into this influential role, Bessent's leadership will be pivotal in steering the Treasury Department through a challenging economic landscape. |
 BYD's Shark Pickup Truck Makes Waves in Global Markets Chinese automaker BYD Auto is making headlines with its new Shark pickup truck, a vehicle that closely resembles popular American models like the Ford F-150. The Shark is part of BYD's strategy to expand its footprint in the global truck market, targeting regions where major automakers like Ford and Toyota dominate. Although BYD has not yet announced plans to enter the U.S. market, its presence in countries such as Australia, Brazil, and Mexico is already being felt. The Shark features a hybrid powertrain that combines an electric motor with a small internal combustion engine, offering a competitive price point in markets where midsize trucks are in high demand. Analysts note that BYD's aggressive pricing strategy could disrupt traditional automakers, especially as the company has significantly increased its vehicle exports from China. The Shark's design and functionality have drawn interest from industry experts who see it as a credible competitor in the global pickup segment. As BYD continues to innovate and refine its offerings, the Shark is expected to contribute significantly to the company's growth trajectory. With projections indicating an increase in global vehicle sales, BYD's ability to deliver compelling products at competitive prices positions it well to challenge established players in the automotive market. |
Investors Sue Crocs Over Alleged Securities Fraud Kessler Topaz Meltzer & Check, LLP has initiated a class action lawsuit against Crocs, Inc. on behalf of investors who purchased shares between November 3, 2022, and October 28, 2024. The lawsuit alleges that Crocs misled investors regarding the revenue growth of its HEYDUDE brand, which was primarily driven by overstocking strategies rather than true retail demand. This misrepresentation resulted in significant stock price declines as the truth about HEYDUDE's financial performance came to light. Investors are encouraged to act by March 24, 2025, to potentially serve as lead plaintiffs in the case. During the class period, Crocs had reported impressive revenue numbers for HEYDUDE; however, it was later revealed that these figures were unsustainable and not reflective of actual consumer demand. The company’s CEO, Andrew Rees, had previously assured investors that Crocs would avoid excessive inventory practices, making the eventual revelations more damaging to investor trust. Following disclosures of declining demand and overstocked inventory, Crocs' stock price suffered significant drops, culminating in a substantial decline after the latest earnings report. The class action lawsuit seeks to hold Crocs accountable for these alleged misrepresentations. Investors who experienced losses during the class period are urged to seek legal counsel to explore their options. Kessler Topaz Meltzer & Check, LLP has a strong track record in protecting investors and pursuing justice in securities fraud cases. |
Today in Real Estate
 Orlando Housing Market: Prices Soar Amid Sales Decline The Orlando housing market has recently reported a significant increase in home prices, reaching an all-time high of $385,000 in 2024, marking a 3.9% rise from the previous year. Despite this surge in prices, the number of home sales has declined by 7.1%, indicating a shift towards a more balanced market with a six-month inventory supply. This situation is largely attributed to the rising interest rates, which currently stand at 6.96% for a 30-year fixed mortgage, dissuading many potential buyers from entering the market. Lawrence Bellido, president of the Orlando Regional Realtor Association, believes that interest rates may stabilize and potentially decrease, making home buying more accessible in the near future. He emphasizes that the influx of people relocating to Central Florida from various regions, including international buyers, is likely to keep home prices on an upward trajectory. Bellido advises prospective buyers not to wait for perfect conditions, as waiting could lead to missing out on desirable properties. For first-time homebuyers, Bellido encourages seeking guidance from local real estate professionals who can assist in navigating financing options and available programs. He reassures younger generations that homeownership is attainable despite prevailing challenges, urging them to take proactive steps rather than remain hesitant due to high interest rates. |
Equity Lifestyle Properties Reports Solid Q4 Earnings Performance Equity Lifestyle Properties Inc. (ELS), a prominent real estate investment trust based in Chicago, has recently released its fourth-quarter earnings report, matching Wall Street expectations with funds from operations totaling $151.2 million, or 76 cents per share. This performance aligns with analysts' predictions, showcasing the company's stability in a competitive market. Despite the positive earnings, the company's revenue of $372.3 million fell short of estimates, highlighting the challenges faced in the current economic environment. For the full year, ELS reported funds from operations amounting to $572.9 million, with total revenue reaching $1.53 billion. Looking ahead, the company anticipates per-share funds from operations for the upcoming quarter to range between 80 and 86 cents, indicating a cautiously optimistic outlook. The projected full-year funds from operations for 2025 are expected to fall between $3.01 and $3.11 per share. As a leader in resort community operations, Equity Lifestyle Properties continues to adapt to market dynamics, aiming to enhance its portfolio and maximize shareholder value. The company's focus on strategic investments and operational efficiency positions it well for future growth, even as it navigates the complexities of the real estate landscape. |
Today in Crypto
 Plume Network Launches SkyLink to Revolutionize RWA Distribution Plume Network has recently announced the deployment of its innovative SkyLink interoperability solution across 16 blockchain networks, significantly enhancing its Real World Assets (RWAs) ecosystem. This strategic move comes as the RWA sector experiences rapid growth, with on-chain value nearly doubling to an estimated $17 billion in the past year. SkyLink is designed to facilitate secure cross-chain RWA distributions, allowing users to access institutional-grade assets directly in their wallets through mirrored tokens, thereby maintaining total value locked on the original chain. The integration of SkyLink with LayerZero's SyncPools enables seamless omnichain functionality, which is crucial for improving the distribution of tokenized real-world assets across various blockchain ecosystems. Teddy Pornprinya, Co-founder of Plume Network, emphasized the importance of collaboration among different networks to build a robust infrastructure for RWAs. This initiative aims to address the fragmentation in asset distribution, which has been a significant barrier to the broader adoption of RWA tokenization. Looking ahead, Plume Network's vision is to become the central hub for cross-chain RWA finance, supporting the increasing demand for real-world asset exposure in decentralized finance (DeFi). The company is actively seeking to integrate additional networks to expand its ecosystem, positioning itself as a leader in the multi-chain interoperability space, which is expected to be vital for the future of RWA adoption. |
Block, Inc. Under Fire: Legal Troubles Mount for Cash App Block, Inc., formerly known as Square, is currently embroiled in significant legal challenges following a critical report by Hindenburg Research that raised serious concerns about the company's user counts and its association with criminal activities. The report, published in March 2023, prompted federal investigations into the company's Cash App platform, revealing allegations of inadequate user due diligence and potential links to money laundering and terrorism financing. This scrutiny intensified with claims from a whistleblower regarding compliance lapses over several years, particularly affecting transactions processed through Square and Cash App. As a result of these investigations, Block has faced substantial financial repercussions. Recently, the company agreed to pay $80 million to state regulators for issues related to its anti-money laundering program. Additionally, the Consumer Financial Protection Bureau (CFPB) has ordered Block to pay $175 million due to failures in preventing user fraud on Cash App. These developments have severely impacted Block's stock prices, prompting calls from Hagens Berman for investors who suffered losses to come forward. The legal landscape surrounding Block remains uncertain, with ongoing inquiries from both the SEC and the Department of Justice. The company is cooperating with these investigations, but the potential for further legal action looms large. Hagens Berman is actively investigating whether Block misled investors about its compliance and business practices, highlighting the need for transparency as the situation unfolds. |
Today's Technical Analysis
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Hold |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Hold |
Thanks for Reading!
Your feedback is important to us. We’re always looking for ways to improve and would love to hear your thoughts on how we can make this newsletter even better for you. Whether you have suggestions, ideas, or just want to share what you enjoy most, we’re all ears.
At any time, you can reply to this email with your thoughts. Every comment helps us serve you better.
Thank you for being a valued reader.
Check out our partners!
We’ve teamed up with a few like-minded newsletters to bring you even more fresh insights and fun. If you’re craving extra knowledge, entertainment, and/or inspiration in your inbox, give them a look below!
1. Labrador - Discover high-return real estate deals daily with Labrador— the ultimate bird dog for smart investors.
2. Pour Decisions - Your sommelier-approved excuse to open another bottle. Get weekly wine recommendations from top sommeliers across the world.
3. Quip - A daily dose of jokes, trivia, and inspiration to brighten your day.
How can we improve our newsletter's content?Your feedback is really important to us. We would really appreciate if you'd take a moment to let us know how we can bring you more value. |
Let’s stay in touch!
Thank you for reading today’s edition of The Daily Trade.
Let’s connect on LinkedIn!
-Ryan Serkes
Subscribe here if this email was forwarded to you!
Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
Disclaimers
The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.
Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The analysis provided in this newsletter is based on the prior trading day’s closing prices and may not reflect after-hours trading, earnings announcements, or other significant market events that occur outside regular trading hours. As such, any data or commentary may not fully capture the latest market movements or emerging factors. For the most current and comprehensive view, please consider additional sources or consult with a qualified financial professional.
The information provided in our newsletter is private, privileged, and confidential information, licensed for your sole individual use as a subscriber. We reserve all rights to the content of this newsletter. Forwarding, copying, disseminating, or distributing this newsletter in whole or in part, including substantial quotation of any portion the publication or any release of specific investment recommendations, is strictly prohibited.