Spotify (SPOT) surged on the heels of its Q2 earnings report with shares climbing more than 13% on Wednesday after the company reported a beat on both revenue and monthly active users. But one analyst says the stock surge was an “overreaction” given the platform’s profitability struggles. “While we believe there remains material user growth left for Spotify we highlight that many investors question whether Spotify will ever be able to generate significant lasting profitability,” Pivotal… Source link
Read More »Reddit’s WallStreetBets is Buying these 10 Stocks for Post-Earnings Gains
In this article, we discuss the 10 stocks Reddit’s WallStreetBets is buying for post-earnings gains. If you want to skip our detailed analysis of these stocks, go directly to Reddit’s WallStreetBets is Buying these 5 Stocks for Post-Earnings Gains. Retail investors who use internet forums like Reddit and StockTwits to outline their market strategy have been investing heavily in companies that are expected to post their earnings results for the second quarter in the coming days. These… Source link
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