New York (CNN Business) The 2022 stock market meltdown may not be over just yet. Stocks fell again Thursday, following Wednesday's massive sell-off. The Dow ended the day down more than 235 points, or 0.8%, recovering only slightly from a drop of nearly 475 points earlier in the session. The blue chips are down 14% this year and hit a new 52-week low Thursday morning. The S&P 500 , which is perilously close to dropping 20% from the all-time high it set on January 3 and into a bear market, fell 0.6%. The tech-heavy Nasdaq , which is already in bear market territory, was down 0.3%. The Nasdaq has plunged 27% just this year. Prominent tech stocks were among the bigger market losers Thursday after Dow component Cisco reported sales that missed forecasts and also gave a weak outlook. Cisco ( CSCO ) plummeted 14% on the news. Retail leaders Walmart ( WMT ) and Target ( TGT ) , which have dragged down Wall Street … [Read more...] about Worst may not be over for the market. Stocks fall again
Stock market crash march 9 2020
Share to Twitter Share to Linkedin Advanced Micro Devices Inc. (NASDAQ: AMD) stock price rose more than 5.5x from $18 in 2018 end to around $102 currently, primarily due to favorable changes in its sales and P/S multiple. During this period, the company witnessed a stellar 192% rise in revenues, and combined with a higher P/S multiple, the company’s stock price has rallied despite a rise in the outstanding share count. Further, over the same period, the S&P 500 returned around 65%, meaning that AMD stock managed to substantially outperform the index since 2018-end. In our interactive dashboard, Why Advanced Micro Devices Stock Moved: AMD Stock Has Gained 455% Since 2018 , we break down the factors behind this move. AMD’s Total Revenue has grown 192% from $6.5 billion in FY 2018 to $18.9 billion on an LTM basis AMD’s total revenue has risen consistently from $6.5 billion in FY ’18 to $16.4 billion in FY ’21, and currently stands … [Read more...] about Advanced Micro Devices Stock Has Jumped More Than 5x Since Late 2018: Here’s Why
Share to Twitter Share to Linkedin Netflix NFLX was a pioneer in the online streaming industry. This year, it became clear that the incumbents had finally caught up. What’s more, Netflix is not poised — as it was in 2007 — to enjoy rapid upward growth by creating a new industry that builds on its strengths. Now — after reporting a drop in subscribers — its stock trades 74% below its October 2021 peak. Could the same thing happen to Tesla? An MIT professor and a J.D. Power & Associates executive told me that Tesla — whose stock sits 43% below its high — will face considerable challenges from incumbents. However, by improving its vehicle design, offering a broader product selection, boosting manufacturing quality, and upgrading its customer service, they could envision Tesla sustaining its rapid growth by capturing more mainstream customers. How Netflix Lost Its Edge For years, Netflix defied analysts who said that the likes of Disney, … [Read more...] about Why Tesla Could Become The Netflix Of The EV Market
Share to Twitter Share to Linkedin The shares of Chevron Corporation (NYSE: CVX) have touched the highs of $174 assisted by skyrocketing benchmark oil & gas prices and rising transportation demand. In 2021, the company reported 1.8 MMBPD of liquid production which is almost 2% of the global crude oil output. While the geopolitical uncertainty due to the Russia-Ukraine war is leading to spikes in benchmark oil prices, rising inflation is jeopardizing global economic growth and triggering measures such as new energy security alliances. Our interactive dashboard on Chevron valuation highlights the historical trends in revenues, earnings, valuation multiple, and forecast for FY2022. Before the pandemic, Chevron Corporation’s revenues observed an 8% annual growth from $110 billion in 2016 to $139 billion in 2019 assisted by benchmark prices and expanding production. Chevron’s CVX average crude oil price has ranged from $46/bbl in 2015 to … [Read more...] about Is Chevron Stock A Buy?
Share to Twitter Share to Linkedin JPMorgan’s stock (NYSE: JPM) has lost 23% YTD, as compared to the 16% decline in the S&P500 over the same period. The recent decline was primarily due to high inflation numbers in the U.S., the fear of recession due to aggressive rate hikes by the Fed, and the Russia-Ukraine crisis. The above factors will likely hurt the consumer spending levels and are expected to increase the credit risk. JPM stock is currently trading at $122 per share, which is 23% below its fair value of $158 – Trefis’ estimate for JPMorgan’s valuation . The bank posted mixed results in the first quarter, with revenues topping the consensus but earnings missing the expectations. It reported total revenues of $30.7 billion – 5% lower than the year-ago period. This could be attributed to a 2% drop in the consumer & community banking segment, followed by a 7% decrease in the corporate & investment banking division. Consumer & … [Read more...] about Is JPMorgan Stock Attractive At The Current Levels?
The market is in a short to medium term downtrend, Alchemy Capital Management CEO Hiren Ved told CNBC-TV18. “We will probably continue to see some earnings and margin pressure going into the first quarter. Most of that should get priced in because, with these results coming in, unless inflation goes completely out of hand, most of the stuff should get priced in,” Ved said. Because of the headlines and the headwinds, the sentiment is really varied. “My view is that we don’t have a very significant downside from these levels.” Mighty IT Ved said the structural story is intact and there isn’t going to be any significant slowdown, despite valuations being on the higher side. Close “Hoping that these businesses can deliver 15 to 20 compounded earnings growth over the next couple of years is pretty much possible. In an environment where inflation is a challenge, this sector, at least from a demand and margin perspective, should be reasonably okay. Most of these … [Read more...] about Market is in a short to medium term downtrend: Alchemy’s Hiren Ved
This is an updated version of a story that previously ran on April 28th. When it comes to fraying nerves, this spring is really outperforming. Stocks are now in bear market territory. Interest rates -- and Covid cases -- are climbing. Inflation remains high. Geopolitical unrest continues. And all of it combined is sparking recession fears . No one's finances are immune. But there are ways to guard against losses and make the most of what you have. Lock in a new job now With ultra-low unemployment and plenty of openings , it's a job seeker's market right now. But if there's a recession, that could change quickly. So make hay while you can. Read More "If you are not working, or are looking for a better position, now would be a good time to take advantage of the very strong job market and lock in a position," said Florida-based certified financial planner Mari Adam. To help in your search, here are some resume dos and … [Read more...] about Plunging stocks, recession fears. Here’s how to protect your money
Cryptocurrency exchange FTX US is now offering equities to its U.S. customers. It announced on May 19 that its select customers can now trade stocks and ETFs . With this move, FTX US has become the first crypto exchange to enter the equity market. Through its new product, FTX Stocks, the exchange will allow retail investors to fund their accounts with stablecoin USDC . This will help users to move easily into the stock market. FTX Stocks will only be available to a select group of customers chosen from a wait list. However, the company hopes to make the service available to all customers by midsummer. Key Takeaways Cryptocurrency exchange FTX US is now offering equities to investors in the United States. The exchange will offer retail investors the option of funding their accounts with USDC via its new product, FTX Stocks. Only select customers on a waitlist now have access to trade stocks and ETFs. The service will be available to all customers by midsummer. … [Read more...] about FTX US Launches Stock Trading Against Stablecoin
This story is part of CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, here. New York (CNN Business) People are selling stocks , selling bonds, selling crypto, selling their failed hedge funds ... and putting cash in Under the Mattress Savings and Loan Corp. It's getting hairy out there. Typically, when the market has a day like it did Wednesday, you'd expect to see an immediate bounce-back, a sign that stocks got a little too expensive but they still have underlying value that the market has faith in — albeit at a lower price. Not today. After kicking the crap out of the Dow on Wednesday — sending it 1,100 points lower, Wall Street woke up Thursday and chose violence once again. Futures pointed to another day of losses ahead, trading between 1% lower in early morning trading. Stocks have sold off in essentially a straight, downward trajectory since January, for all the reasons you'd expect: inflation hovering at … [Read more...] about Want to make money in stocks this year? You’ll probably have to sell your soul
Representative image GoFirst, the budget airline previously known as GoAir, plans to launch its delayed initial public offering to raise Rs 3,600 crore in the second quarter of this financial year following a revival in market sentiment over aviation stocks. “Over 27 investors have shown positive interest. The company will make a fresh presentation soon,” a person aware of the airline’s plans said. Another person said GoFirst is optimistic about its IPO as domestic and overseas air travel opens up with no expectations of another Covid-19 wave. “Domestic air traffic rising to above the pre-Covid-19 levels, coupled with a recovery in the stocks of aviation companies, has once again increased the appetite of bankers,” another person said. Shares of InterGlobe Aviation, the operator of IndiGo, the country’s biggest airline, have jumped 8.1 percent over the past three days, while stocks of SpiceJet have rallied 7 percent in the same period. Close COVID-19 … [Read more...] about GoFirst may launch IPO in July-September as sentiment improves over aviation stocks