Things keep going from bad to worse for Snap (NYSE:SNAP). The social networking company has continued to flounder in recent weeks, with another disappointing earnings report triggering yet more selling. Things are going to get worse for Snap stock. Since I wrote as much six weeks ago, shares are down another 25% . Also, as mentioned in that
You would have thought Facebook, Inc. (NASDAQ:FB) had learnt its lesson. The Cambridge Analytica data scandal hit the stock hard. Shares plunged 19% in just one day, with Mark Zuckerberg losing almost $16 billion according to Forbes. But it wasn’t just the stock price — it was also the public image that was kicked into the
October was an ugly month for Under Armour (NYSE:UAA) stock. Until the very end. Going into the company’s third-quarter earnings report on Oct. 30, UAA stock was down 14% month-to-date. But, Under Armour impressed Wall Street with much better-than-expected third-quarter numbers and an above-consensus full-year and Q4 guide. UAA stock popped, and it finished October
Costco (NASDAQ:COST) recovered nicely from its slow growth in the middle of the decade. However, COST stock has struggled since the company last reported earnings in early October. While the report affirmed its return to double-digit sales growth, it also revealed some internal control issues that may have rattled investors. Still, I think the bigger
Nvidia (NASDAQ:NVDA) has had a truly dreadful October. Just one month ago, NVDA stock reached a new record high of $293/share. This week, it fell as low as $180/share. That’s a more than $100 decline per share in a single month, creating a 35% loss. That’s a massive move for a large-cap stock like Nvidia.
U.S. equities are volatile and bouncing around the unchanged line on Friday as President Trump talks up the chances of a possible trade deal with China. Something Beijing has in turn talked down. Also weighing on sentiment was disappointment with the quarterly results out of Apple (NASDAQ:AAPL) amid a realization that higher average selling prices
Shares of Tesla (NASDAQ: TSLA) have certainly been revved up since reporting earnings. Tesla stock is now back within sight of all time highs, even after all the drama surrounding CEO Elon Musk. One blow out quarter, however, does not justify adding nearly $10 billion in market cap to a company that has major competition
While the technology sector suffered a brutal whiplashing last month, Apple (NASDAQ:AAPL) surprisingly held the fort. In October, AAPL lost a relatively modest 4%. Contrast that to competitors Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN), which shed 7% and 21%, respectively. Looking back, it’s easy to see why Apple stock has managed to retain investor sentiment throughout
Back in late 2015, Netflix (NASDAQ:NFLX) CEO Reed Hastings told owners of Netflix stock that the company would more or less break even in 2016, but added that it would generate “material profits thereafter.” What that meant isn’t exactly clear. The company was already reporting operating profits at the time, and its net income, based on
During October, the stock market created many stocks to sell amid a significant decline. At the peak of the plunge in stock prices, all three major indexes fell into correction territory. Despite the volatility, the month ended with two days of triple-digit gains for the Dow Jones Industrial Average. Although November will begin on a
Usually, a top-and-bottom earnings beat leads to investor celebration. But when you’re heading Snap (NYSE:SNAP), nothing comes easy. Despite exceeding Wall Street’s profitability and growth expectations for the third quarter, SNAP stock dropped double digits in the markets. Is this a case where the technical indicators misalign with positive fundamentals? No. Rest assured that the
Pot stocks have crumbled, and Cronos Group (NASDAQ:CRON) has been one of the victims of the sell-off. CRON stock more than doubled from early August levels. But in the past 11 sessions, Cronos stock has dropped about 40%. The catalyst seems to be what Luke Lango presciently predicted would be a “sell the news” event:
U.S. equities remained volatile on Tuesday, with the Nasdaq Composite struggling to stay in positive territory, as investors remained shell shocked and nervous amid various cross currents. From higher interest rates, to worries about the sustainability of 20%+ earnings growth and, of course, the specter of ongoing policy tightening from the Federal Reserve. Amid all
Up front, I can tell you that I’m not a fan of Barrick Gold (NYSE:ABX). I’d have a hard time recommending ABX stock. And I see plenty of reason, beyond just lower gold prices, why the ABX stock price has dropped nearly 75% since late 2011. Indeed, as I wrote back in April, Barrick Gold
Fitbit (NYSE:FIT) reports earnings after the bell tomorrow. The provider of health and fitness monitoring devices has seen its stock hammered amid competition from smartwatches made by Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG). Now, as the company reports its third-quarter earnings, investors will probably focus on signs that Fitbit stock can maintain its competitive moat.
Social media company Snap (NYSE:SNAP) reported third quarter numbers after the bell on Thursday, 10/25, and the company actually topped both revenue and earnings estimates. But, Snap also said that its Snapchat platform continues to lose users, and that this trend likely won’t reverse any time soon. As such, after popping as much as 10%
The past few years has seen robust gains for Micron Technology (NASDAQ:MU) stock. But lately, the good times have turned sour. Yet this has not just been a matter of the recent correction in the markets. Keep in mind that Micron stock has been sliding since June, going from $61 to $35. This steep drop
The stock market has been a mess in October, and earnings season hasn’t really come to the rescue. If anything, earnings season has only exacerbated the selloff in equities, as corporate earnings are coming in lighter than expected and management teams across the nation are lowering outlooks. Athletic apparel company Under Armour (NYSE:UAA) should be
Snap (NYSE:SNAP) beat earnings and revenue estimates. The company has yet to reach its goal of a quarterly profit. Still, both the revenue increase and the narrowing losses implied substantial growth. Nonetheless, traders sent Snap stock to record lows as the company reported that the number of daily active users fell during the third quarter.
I want to warn you to avoid a common investment trap I fell into recently — Don’t chase yield. Yield is the percentage of a stock’s price you should get from current dividends. A stock priced at $100 per share and delivering $1 per year in dividends has a yield of 1%. Income investors are tempted