Representative Image Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader. The Los Gatos, California, company added 8.3 million worldwide subscribers during the October-December period, about 200,000 fewer than management had forecast. Besides releasing its fourth-quarter results Thursday, Netflix also projected an increase of 2.5 million subscribers during the first three months of this year, well below analysts' expectations for a gain of 4 million, according to FactSet Research. The disappointing news caused Netflix's stock price to plunge by more than 19% in extended trading after the numbers came out, deepening a steep decline during the past two months. It capped a challenging year for Netflix after it reveled in eye-popping gains during the pandemic lockdowns of 2020 that drove … [Read more...] about Netflix stock plunges as subscriber growth worries deepen
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Share to Twitter Share to Linkedin Our theme of Apple Component Supplier Stocks – which includes a diverse set of companies that supply components for Apple’s iPhones and other iDevices, has remained roughly flat year-to-date in 2022, compared to the broader S&P 500 which remains down by about -4%. Over 2021, the theme gained about 17%, underperforming the broader market which gained about 27% over the same period. So what does 2022 hold for Apple supplier stocks? While high-growth technology stocks, in general, have seen some weakness, due to rising bond yields and the Federal Reserves’ hawkish stance, Apple supplier stocks could benefit from the fact that they trade at relatively lower multiples versus other tech stocks (P/S of about 4.7x). Moreover, the semiconductor shortage, which hurt the broader consumer electronics industry, could also ease a bit this year, potentially helping these stocks. That being said, demand for these companies is heavily … [Read more...] about Will Lower Multiple Tech Stocks Do Better In 2022?
Share to Twitter Share to Linkedin Topline An explosion of fervor around the buzzy blockchain-based digital collectibles known as non-fungible tokens has helped OpenSea, the world's largest NFT marketplace, top $4 billion in trading volume this month for the first time ever, defying the broader cryptocurrency market's lackluster performance as celebrities and corporations embrace the hype around NFTs. Key Facts Buoyed by as much as $261 million in daily trading volume, NFTs on OpenSea topped $4 billion in trading volume for the month of January after posting $218 million in trades Wednesday, adding to a monthly record that's up nearly 20% from the previous peak of $3.4 billion in August, according to data from Dune Analytics . In a note, Nigel Green, the CEO of $12 billion wealth advisory DeVere Group, said the booming NFT activity comes as a growing number of global sports franchises, fashion brands and celebrities rally around the digital … [Read more...] about NFTs Shatter Monthly Trading Record With $4 Billion In Sales—Here’s Why They’re Still Booming Despite The Crypto Crash
Wall Street expects 2022 to be a banner year for the adoption of the metaverse, as several companies are expected to come out with hardware and software offerings that will help consumers work, play, or learn in the virtual three-dimensional world. Crunchbase estimates that $10 billion was invested in virtual reality (VR)-related start-ups last year, while Meta Platforms reportedly spent an identical amount on its AR (augmented reality) and VR initiatives as well. Goldman Sachs estimates that the spending on metaverse-related technologies could hit $1.35 trillion over time, indicating that there's a long-term opportunity at hand for investors to take advantage of. Intel ( NASDAQ:INTC ) , Himax Technologies ( NASDAQ:HIMX ) , and Nvidia ( NASDAQ:NVDA ) are three tech stocks that could win big from the metaverse. Let's look at the reasons why. Image source: Getty Images. 1. Intel Intel management pointed out in December 2021 that the metaverse could be … [Read more...] about 3 Top Metaverse Stocks to Buy in January
Share to Twitter Share to Linkedin Topline Shares of Peloton—which surged during the pandemic as house-bound consumers grasped for ways to stay healthy—plunged over 20% on Thursday after reports that the company will temporarily halt production of its at-home fitness products as it looks to cut costs amid a “significant reduction” in consumer demand. Key Facts Peloton will temporarily stop making at-home fitness products, including its Bikes and treadmills, CNBC first reported on Thursday. The news caused Peloton shares to plunge as much as 24%—with trading temporarily halted—before the stock pared back losses somewhat, down 22% as of 3:00 p.m. EST. The company will halt Bike production for two months—from February to March—and will also suspend production of its treadmills for six weeks starting in February, according to internal documents reviewed by CNBC. The company reportedly said that demand for its at-home fitness equipment has … [Read more...] about Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Over 20%
Share to Twitter Share to Linkedin General Electric is scheduled to report its Q4 2021 results on Tuesday, January 25. We expect GE stock to see little movement due to mixed Q4 with revenues beating consensus estimates, but earnings falling short. The overall economic growth likely bolstered the revenue growth in Q4, but with the spread of Omicron, and continued supply chain issues may have adversely impacted the margin growth. That said, our forecast indicates that GE’s valuation is $118 per share, which is more than 15% above the current market price of $102, implying that the stock has more room for growth, in our view. Our interactive dashboard analysis on General Electric’s Pre-Earnings has additional details. (1) Revenues expected to be above the consensus estimates Trefis estimates GE’s Q4 2021 revenues to be around $23.2 billion, reflecting a 6% y-o-y growth, and it is 7% above the $21.7 billion consensus estimate. While GE’s aviation … [Read more...] about How Will General Electric Stock Trend Following Q4 Earnings?
Share to Twitter Share to Linkedin Luminar stock , a company that develops lidar sensors for use in self-driving cars, has declined by roughly 15% over the last week (five trading days), underperforming the S&P 500 which was down by about 4%. The stock also remains down by about 17% over the last month. There are likely a couple of factors driving the recent sell-off. Firstly, Luminar issued about $550 million worth of convertible debt last month, while buying back around $250 million of its stock. It’s possible that investors are a bit concerned about these transactions given that the company hasn’t started meaningful commercial operations yet, with profitability and positive cash flows likely several years away. Separately, electric vehicle stocks, in general, have underperformed the market in recent weeks, due to rising bond yields and this could also be hurting Luminar. For perspective, EV bellwether Tesla stock is down by about 17% year-to-date in 2022. … [Read more...] about Why Luminar Stock May See Lower Levels Going Forward
What happened Shares of mall-focused real estate investment trust Macerich ( NYSE:MAC ) advanced by as much as 24% this week, according to data from S&P Global Market Intelligence . At the start of trading on Friday, the stock was still higher by around 20% or so. Credit earnings reports for its upward move -- and not just the report delivered by Macerich. So what Macerich is one of the best-positioned mall landlords in North America. It has a relatively small portfolio of around 45 properties, but they're very well located and very productive. Although Simon Property Group ( NYSE:SPG ) is much larger, it's probably Macerich's closest peer comparison. And while Tanger Factory Outlet Centers ( NYSE:SKT ) focuses on outlet centers, based on its successful track record and well-located assets, it's also viewed as a key competitor. (Macerich owns a couple of outlet centers, but it's mostly focused on malls.) Image source: Getty Images. These … [Read more...] about Why Macerich Stock Rallied as Much as 24% This Week
After a positive start for the week on January 17 the Indian benchmark indices remained under selling pressure for the next four session’s in the week ended January 21 in-line with weak global markets amid concern over tightening monetary policy with rising US treasury yield, crude prices, which led to continued FIIs selling. In the last week, BSE Sensex shed 2,185.85 points (3.57 percent) to end at 59,037.18, while the Nifty50 fell 638.55 points (3.49 percent) to close at 17,617.2 levels. Among sectors, BSE Information Technology index lost 6.5 percent, BSE Telecom index fell 5.8 percent and Nifty Pharma index shed 5.2 percent. However, the BSE Power index added 2.6 percent. Among broader indices, the BSE Midcap index declined 4.3 percent, while Smallcap indices lost 3 percent, after hitting fresh high during the week. Over 30 smallcap stocks gained between 10-44 percent including Precision Wires India, HSIL, Khaitan Chemicals and Fertilisers, Kellton Tech Solutions, … [Read more...] about Market falls over 3% but BSE smallcap index hits new high, 33 stocks gain 10-44%
With more than 22.4 million funded accounts, Robinhood Markets ' stock trading platform has helped introduce millions of people to the world of investing. The platform's users have been associated with explosive meme stocks like GameStop and AMC Entertainment and risky options plays, but they also own a wide variety of stocks. Some analysts think it's worth keeping an eye on the platform's list of most widely held stocks to see what's popular with the increasingly influential retail trading block. That's because traders on Robinhood have emerged as a market-moving power base, and some stocks favored by its users have gone on to post stellar returns. Let's take a look at three stocks loved by the platform's users that are worth buying in 2022 and holding for the long term. Image source: Getty Images. 1. Amazon Growth stocks have gotten off to a rough start in 2022, but Amazon ( NASDAQ:AMZN ) is a dependable business that's well-positioned to deliver strong … [Read more...] about 3 Hot Robinhood Stocks to Buy for 2022