Tag Archives: Stock

The breakdown in S&P 500 with spike of volume on 13 June 2022 followed by a weak rally up after the Fed’s FOMC pointed to the bearish scenario. The current market development is similar to the global financial crisis in 2008 in terms of both price structure and the market rotation sequence as explained in the video at the bottom of this post. Using Wyckoff Method to Spot the Silver Lining After a more than 10% drop in 6 trading sessions, S&P 500 is right at a vulnerable spot where a stock… Source link

[unable to retrieve full-text content]Nextdoor Holdings: Is This Social Commerce Stock Worth …  TipRanks Source link

Headquartered in San Francisco, Nextdoor Holdings (KIND) uses technology to connect neighbors with each other and with local businesses. I am bullish on the stock. At the crossroads of e-commerce and social media is a phenomenon known as social commerce, where people and businesses connect digitally and purchases are based on trust instead of just relentless advertising. It’s an intriguing concept in a post-COVID-19 world as lockdowns are lifted and social interaction is permitted and… Source link

The Federal Reserve, led by Jerome Powell, raised interest rates earlier this month.Samuel Corum/Getty Images A “stubborn” Federal Reserve has increased the likelihood of a prolonged recession, according to Axonic Capital’s Peter Cecchini.  That’s because the Fed could cause economic whiplash that leads it to cutting interest rates sooner than expected. “The 1970’s drawdown scenario of almost 50% for the S&P 500 is becoming all the more likely,” Cecchini said. The Federal Reserve’s decision to… Source link

U.S. stock futures fell Thursday morning as investors weighed the potential economic costs of the Federal Reserve’s ongoing fight with inflation. Contracts on the S&P 500 fell by more than 2% in early trading, reversing course after rising 1.5% on Wednesday. Contracts on the Nasdaq declined by more than 2.5%, and Dow futures sank by more than 500 points, or 1.8%. The 10-year Treasury yield rose to about 3.44%, hovering near its highest level since 2011. Stocks, which moved initially to the… Source link

Yandex (NASDAQ:YNDX – Get Rating) saw unusually large options trading on Wednesday. Stock investors purchased 1,814 put options on the company. This represents an increase of 1,437% compared to the average volume of 118 put options. A number of equities analysts recently issued reports on the company. StockNews.com cut Yandex from a “hold” rating to a “sell” rating in a report on Monday, March 7th. Citigroup cut their target price on Yandex from $75.00 to… Source link

(Bloomberg) — Robinhood Markets Inc. shares slumped to a fresh low on Wednesday, giving the beleaguered brokerage a market value that’s less than the cash on its balance sheet. Most Read from Bloomberg After posting more than $3 billion of losses since its initial public offering in late July, Robinhood’s shares have plunged more than 80%, cutting its market capitalization to as low as $5.99 billion. The firm had $6.19 billion of cash and cash equivalents at the end of the first… Source link

Etsy’s (ETSY) stock has struggled this year so far, declining more than 66% this year to date. The entire tech sector’s been getting pummeled amid the broader bear market, but Etsy’s stock has been among the hardest hit. Snap (SNAP), Netflix (NFLX), and Shopify (SHOP) are among the other companies that have seen massive declines amid inflation, the war in Ukraine, rising gas prices, and escalating interest rates. Shares of Etsy, where crafters can sell their wares online, collapsed more than… Source link

Canadian e-commerce service Shopify (SHOP) was a certified pandemic-era darling, with its stock price soaring as high as $1,690.60 per share in November 2021. But high-flying inflation, a pullback in consumer spending online compared to during the pandemic, and increased competition are punishing the company, sending shares of Shopify plummeting 76% year-to-date to $331.42 at the start of trading Monday. Shopify’s woes aren’t unique. The company is just one of a host of big-name firms… Source link

Is a recession already priced into equity markets? The world-renowned economist Jeremy Siegel says it sure looks like stocks have discounted at least a “mild recession” amid this year’s downturn. On Monday, the S&P 500 officially entered bear market territory, dropping more than 3% to a level more than 20% off its January peak. And as recession predictions continue to flood in from both Wall Street and Main Street, some sectors of the market have fared even worse. The tech-heavy Nasdaq is… Source link