Tag Archives: market

Travel platform Expedia (EXPE) and home sharing site Airbnb (ABNB) are two of the stocks swept into the market sell-off on Friday over concerns of a COVID variant first detected in southern Africa. Expedia, the fifth-worst performer in the S&P 500, dropped as much as 11% during the shortened trading day on Friday. Shares closed 9% lower at $159.80 each. Airbnb’s stock closed the session down more than 3% at $173.86. Travel reservation platform Booking Holdings (BKNG) also declined more than 7%… Source link

A few years ago, the words ‘ultrafast grocery delivery’ would not have appeared together in the same sentence. Now, the sector is rapidly establishing itself as the third big disruptor of the grocery landscape since the 2008 financial crisis, following the revolutions ushered in by discounters and the proximity format. … Source link

A few years ago, the words ‘ultrafast grocery delivery’ would not have appeared together in the same sentence. Now, the sector is rapidly establishing itself as the third big disruptor of the grocery landscape since the 2008 financial crisis, following the revolutions ushered in by discounters and the proximity format. … Source link

A few years ago, the words ‘ultrafast grocery delivery’ would not have appeared together in the same sentence. Now, the sector is rapidly establishing itself as the third big disruptor of the grocery landscape since the 2008 financial crisis, following the revolutions ushered in by discounters and the proximity format. … Source link

Zoom (ZM) shares are sinking 17% on Tuesday, despite a better-than-expected quarter on the top and bottom line. The video conferencing company’s stock is under pressure amid fears of a slowdown in virtual meetings as the pandemic eases. “It’s a little bit too much overblown in our view,” said James Fish, senior research analyst at Piper Sandler. The analyst has a $299 price target on the stock. “Just look at Enterprise, which grew 65% on its own, and Commercial Fees, which are still growing at… Source link

Warren Buffett keeps selling billions worth of stock in this frothy market — but here are 3 new places where he’s managed to find value Bloated valuations in today’s stock market aren’t exactly appealing to value investors. So it’s no surprise that the most famous value investor of all continues to reduce his stock market exposure. In Q3, Warren Buffett’s holding company Berkshire Hathaway sold a net $2 billion stock, including a complete exit of pharmaceutical giant Merck as well as… Source link

The stock market has been on autopilot in November, and it’s not without rhyme or reason, said Rick Rieder, BlackRock’s global fixed income CIO. “I don’t think equity valuations are that high when you look at free cash flow yields,” said Rieder on Yahoo Finance Live. “And in the last couple of weeks some earnings are pretty impressive.” The market has liked that companies have been able to pass along inflation successfully to end users, as seen this week in earnings from big names like… Source link

U.S. stock futures opened higher Thursday night, with contracts on the Dow, S&P 500 and Nasdaq each moving to the upside. U.S. stocks closed Thursday’s session mixed, with technology and retail shares leading the S&P 500 (^GSPC) and Nasdaq (^IXIC) higher while economic data pointed to a recovering labor market.  The Dow (^DJI) slipped 230 points (0.2%), pressured by a drop in shares of Cisco (CSCO). The computer networking company posted quarterly results after the bell Wednesday that fell… Source link

Some haywire moves higher in money-losing electric vehicle makers such as Rivian and Lucid hint at the stock market forming an unhealthy bubble, argues Matt Maley, Miller Tabak chief markets strategist.  “It’s just a sign of an unhealthy stock market,” Maley said on Yahoo Finance Live. That may be an understatement.  While Rivian’s stock price (RIVN) plunged 15% to close at $146.07 on Wednesday, shares at one point on Tuesday were more than double the company’s IPO pricing of $78 from last… Source link

  The Ridesharing is expected to grow at a CAGR of 6.2 % and is poised to reach $XX Billion by 2027 as compared to $XX Billion in 2020 The newly added Ridesharing research report by the team of experts and industry specialists contains a wide scope of subjects and guidelines, including manufacturing assessment elements, market trends and patterns, core capabilities in the competitive landscapes, competitive growth potentials, market earnings, company outcomes, and consequences, global… Source link