A warning from Snap (SNAP) sent Meta Platforms (FB) stock down nearly 8%. It now sells for less than 14 times last year’s earnings. Failure to meet this quarter’s estimates could send it even lower. Source: Blue Planet Studio / Shutterstock.com Shares of Meta Platforms (NASDAQ:FB), formerly known as Facebook, dropped sharply after rival Snap
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Aterian (ATER) stock is hoping to transform the e-commerce led consumer products industry. The company’s operating results continue to be lackluster, however. A short squeeze is unlikely, and further stock dilution may be coming in the intermediate future. Source: Shutterstock Aterian (NASDAQ:ATER) presents itself as a tech-powered consumer products company. Aterian’s special differentiator is supposed
Upstart Holdings (UPST) saw a sharp “dead cat bounce” after it cratered following earnings. However, more bad news is bringing it back down. While it looks cheap on paper, its heavily discounted valuation appears justified. Source: Piotr Swat / Shutterstock If you own Upstart (NASDAQ:UPST), it goes without saying this has been a tough month
The S&P 500 finally did it. The major stock market index dropped into a bear market Friday – representing a peak-to-trough decline of more than 20% — after flirting with bear territory for about a week. But it was a short-lived stint. The S&P 500 spent all over two hours in bear market territory, before
Sofi (SOFI) fell to below $5 after posting first-quarter results. SOFI stock is in a sustained 2022 slump as investors weigh on second-quarter guidance. Investors may accumulate shares from here. Source: Michael Vi / Shutterstock SoFi Technologies (NASDAQ:SOFI) took a hit and then stabilized after posting first-quarter (Q1) results. Typical of a growing fintech firm,
Elon Musk wants to back out of buying Twitter (TWTR) or cut the price. The board says it will hold him to the original agreement. Credibility on all sides has taken a hit. Source: Rokas Tenys / Shutterstock.com An apology is in order. I really believed Elon Musk would close on Twitter (NASDAQ:TWTR) when I
Mullen Automotive (NASDAQ:MULN) stock is on the cloud line after a spate of positive announcements. Shares soared almost 20% in a single day, thanks to the company and Linghang Guochang Group extending their partnership on solid-state battery technology. It is better to wait for the company to give away its gains before purchasing more shares.
Lumen Technologies (LUMN) has reported a mixed Q1 2022 earnings report. The company gave upbeat guidance for the 2022 outlook, which is positive. There is a revenue growth problem and a high level of debt that weigh on it negatively. Source: T. Schneider via Shutterstock Lumen (NYSE:LUMN), a technology and communications company that helps companies experience
Saudi Arabia’s Public Investment Fund, which owns 62.7% of Lucid Group (LCID), filed its quarterly 13F on May 16. It didn’t sell any of its LCID stock. If you’re a shareholder, that is viewed as good news. However, if you’re thinking of buying, you might want to think twice. Source: Tada Images / Shutterstock Saudi
Snowflake (NYSE:SNOW) stock now sells for less than on the day of its IPO. The company continues to grow and innovate despite the sharp sell-off in shares. It may not be time to buy SNOW stock yet, but the time will come. Source: Sundry Photography / Shutterstock.com Data warehousing company Snowflake (NYSE:SNOW) is down nearly
It has been a challenging year for investors with exposure to the technology sector, as many stocks have been hammered by a number of factors, including high inflation, supply chain disruptions, geopolitical tensions, and rising interest rates. FAANG stocks — an acronym for prominent tech behemoths Meta Platforms(NASDAQ: FB), which was formerly known as Facebook, Amazon
Tough week for retailers. Big earnings misses by Walmart (NYSE:WMT), Target (NYSE:TGT) and Kohl’s (NYSE:KSS) left investors reeling and contributed to a steep selloff across stock markets, including the biggest one-day drop in two years on May 18. Wall Street will be looking for better results in the week ahead as we get first quarter
Stocks collapsed on disappointing earnings from Target (TGT) and Walmart (WMT) Retailing is returning to a pre-pandemic normal All eyes are now on Costco Wholesale (COST) Source: jejim / Shutterstock.com The bear market took another leg down after mega-retailers Walmart (NYSE:WMT) and Target (NYSE:TGT) stock reported April earnings. Even mighty Costco Wholesale (NASDAQ:COST), which reports
Already at penny stock levels, following its latest earnings release, FuboTV (FUBO) has hit new lows. Its comeback potential may be limited, given its challenges. You may be better off wagering on a sports betting pure play rather than on this risky sports streaming/wagering stock. Source: Burdun Iliya / Shutterstock.com As I discussed last month,
Robinhood (HOOD) has fallen drastically from its post-IPO close of $34.82 less than a year ago. As of May 17, it was down to $10.06, off 71.1%. Despite a recent 7.6% stake by the CEO of FTX, a crypto trading platform, Robinhood could be in for a further drop if it can’t maintain positive free cash
Airbnb (ABNB) stock lost almost a quarter of its value over the past two weeks Q1 results exceeded expectations, but the company faces tough comparables ahead ABNB stock is expensive and only suitable for the most optimistic investors Source: Tero Vesalainen / Shutterstock.com Like most of the rest of the market, shares of Airbnb (NASDAQ:ABNB)
Wall Street often overshoots, so investors should know these ETFs to avoid. ProShares UltraShort 20+ Year Treasury (TBT): The Fed’s hawkish rhetoric is not permanent. Energy Select Sector SPDR Fund (XLE): The theme is long in the tooth. Financial Select Sector SPDR Fund (XLF): Could be collateral damage in the war on inflation. Source: shutterstock.com/bangoland
These five upcoming initial public offerings (IPOS) are among the most promising ones to watch. They will make headlines and offer volatile stock trading with elevated valuations and risk. Reddit: Is the communities’ network that was at the center of meme trading. Discord: Provides a platform for people to communicate via voice, video and text
Ever since listing, there were doubts on the valuation that Robinhood (NASDAQ:HOOD) stock commanded. After an initial spike, HOOD stock has remained in a downtrend. Several factors have contributed to the massive selling in the last six-months with the stock plunging by 75% during this period. I must admit that I didn’t expect HOOD stock
Shares of Disney (NYSE:DIS) have been decimated, but that hardly makes it unique in a market like this. At this week’s low, DIS stock was down more than 50% from its all-time high. While the recent market pressure isn’t helping, earnings were the final catalyst to send it to new lows. The share price barely
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