Weekly Update July 22-25

NU downgrade, TSLA earnings, TMDX tracking, and CRWD outage

Let’s get right into it!

Nu

The analyst covering Nu from JPMorgan downgraded the stock to a hold with the following commentary:

"Despite moving to sidelines, we continue to see Nubank as a powerful long term disrupter with clear cost advantages vs. incumbents driving higher profitability, huge client base with potential to continue penetrating new products…