Why stock market is crashing

Share to Twitter Share to Linkedin Booking Holdings (NASDAQ: BKNG) , the world’s largest online travel agency that offers services from lodging to airline tickets to car rentals, is scheduled to announce its fiscal second-quarter results on Wednesday, August 3. We expect the company’s stock to likely trade slightly higher with revenues and earnings beating market expectations marginally. BKNG saw record gross bookings in Q1 against the 2019 pre-pandemic quarter. In fact, the company mentioned in its first-quarter earnings call that global leisure travel trends have continued to improve in the second quarter, even with the current macroeconomic uncertainties, and that it is looking forward to a busy summer travel season ahead. All this indicating to setting expectations of upside recovery in the stock price levels which have been down nearly 20% this year. Booking Holdings derives a majority of its revenue from the European market, which has undertaken a … [Read more...] about What To Expect From Booking Holdings Stock?

Share to Twitter Share to Linkedin Dish Network stock has rallied by about 11% over the last five trading days and also remains up by about 6% over the last month (21 trading days). While the broader markets have rallied over the last month, there are a couple of factors that have likely helped Dish stock. Firstly, Dish’s Q2 2022 earnings were slightly better than expected although the company lost 257,000 pay-TV subscribers and about 210,000 wireless subscribers. Dish is also making progress toward launching its new nationwide wireless service, Boost Infinite, as it started accepting customer sign-ups last week, with a launch slated for Q4. This means that Dish should finally be able to better monetize its 5G network, which it has been building out for some time now. Moreover, investors have also been buying into beaten down value stocks and this has also likely helped Dish stock, which remains down by 41% year-to-date and currently trades at under 8x projected … [Read more...] about Is Dish Stock Poised To Gain After Its Earnings Beat?

Share to Twitter Share to Linkedin Electronic Arts stock (NYSE: EA) reported its Q1 FY23 results last week, with revenue and earnings comfortably above ours and the street estimates. EA stock saw a rise of around 2% in a week, and we believe EA stock has some more room for growth, as discussed below. Electronic Arts’ revenue of $1.3 billion in Q1 was down 3% y-o-y, and its EPS of $0.47 reflected a 40% y-o-y decline. This compares with our estimates of $1.3 billion and $0.30, respectively. Although the company benefited from its recent acquisitions and growth in its live services offerings, it was a tough comparison to the prior-year quarter, which benefited from more game launches. Given the upbeat results, the company reaffirmed its bookings guidance for the full-year 2022 to be in the range of $7.9 and $8.1 billion, and earnings to fall between $7.05 and $7.15 on a per share and adjusted basis. Overall, Electronic Arts EA ’ Q2 results were … [Read more...] about Should You Buy Electronic Arts Stock At $130?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The sharp decline in domestic stock market in the first half of 2022 did little to blunt the aggressiveness of Indian investors and their optimism for the domestic economy. Smallcap stocks, a risky space due to low liquidity levels and susceptibility to price manipulation, remained a preferred destination for bottom-fishing by retail investors and mutual funds alike during the first half of the year despite the crash. Catch live market action here Since hitting a record high in January, Nifty Smallcap 100 index had crashed 30 percent because of tightening financial conditions triggered by aggressive adopted by global central banks that caused a severe contraction in valuation in the space. The decline in Indian smallcap stocks was largely in line with global peers, and so has … [Read more...] about Domestic investors rejoice as smallcap stocks stage sharp recovery

Michael Burry, whose story prior to and during the 2008 financial crisis was portrayed in the hit film “The Big Short,” sold all his U.S. stocks last quarter before warning of an impending crash. Burry essentially liquidated the entire portfolio of his firm, Scion Asset Management, except for one holding of 500,000 shares in Geo Group, currently valued at around $3.3 million, according to Insider. Geo invests in private prisons and mental health facilities, and has a market capitalization of under $900 million, the outlet noted. Scion held 11 stocks totaling $165 million in March, excluding a significant put against more than 200,000 Apple shares, Insider continued. The revelation of his mass liquidation was made public Monday via a Securities and Exchange Commission filing . ‘Put On Your Seat Belts On’: BlackRock President Warns Of Massive Shortages Due To Inflation https://t.co/ZbFkqFkrHm — Daily Caller (@DailyCaller) March 30, 2022 Burry is arguably best known … [Read more...] about Michael Burry Sells All But One Stock, Warns Of Market Crash

Share to Twitter Share to Linkedin Topline Shares of Hong Kong fintech firm AMTD Digital continued to plunge on Thursday, crashing for a second day in a row after rising more than 21,000% since its July IPO, with experts calling it a new meme stock and warning investors to stay away from the stock as its valuation looks like “an absolute scam.” Key Facts AMTD Digital’s stock fell nearly 30% on Thursday, down to $700 per share, after a 35% decline a day earlier. Up until Wednesday, the stock had been skyrocketing since its mid-July IPO for no apparent reason (even the company appeared baffled by the wild swings ) drawing comparisons to the meme stock trading frenzy that occurred in early 2021. Before the recent declines, the stock had surged as high as $2,555 per share (up from an IPO price of just $7.80), at one point giving the company a valuation of more than $300 billion and making it one of the largest in the United States by market … [Read more...] about AMTD Digital Plunges Nearly 30%—Stay Away From This ‘Absolute Scam,’ Expert Warns

Hot on the heels of announcing its Q2 2022 results yesterday, movie theater chain and meme stock AMC announced it will issue a new type of preferred stock as a dividend to existing AMC shareholders. The announcement of the new preferred stock, ticker symbol APE, has sent AMC shares down in pre-market trading this morning. Here’s what you need to know. advertisement What’s going on with AMC and APE? In short, AMC announced that it is creating a new preferred stock called APE, which stands for “AMC Preferred Equity Units.” Shares of APE will be issued as a dividend to existing AMC shareholders, and will then begin trading publicly soon after. Is it weird to issue preferred stock as dividends? It’s not too common. Usually, dividends are issued in cash. So how is APE different than AMC stock? It will be its own separate stock trading on the stock market, so its price can diverge from the AMC stock price. However, for investors, one share of APE will confer … [Read more...] about AMC stock price: Shares crash as company announces new preferred APE stock

If you are confused by the stock market, you’re not alone. If you spend 20 minutes watching any of the financial news networks, you’ll be exposed to multiple opinions about where we are headed. Some think we are gliding in for a soft landing. Others say you should assume the crash position. And there are myriad opinions in between. To simplify things, I think there are roughly three potential paths the market could take. Two of them likely don’t pose long-term challenges to investors, but one does. Soft Landing . You’ve heard it time and time again from our government officials, but the Fed’s goal is a soft landing. What that basically means is the Fed wants to bring inflation back to 2% without meaningfully slowing down the economy or causing much of an uptick in unemployment. It could happen, but many things have to go right for the Fed. If the Fed can engineer this result, expect the stock market to rally and interest rates on bonds to fall. We’ll basically be back to where we … [Read more...] about Road to Retirement: Three potential paths for the market

Bitcoin (Representative photo ) The year 2022 has not been a good one for crypto assets, as investors have seen sharp profit booking after a solid rise in 2021. Bitcoin, the cryptocurrency with the largest market capitalisation, closed at around Rs 17.55 lakh on 13 June, 2022 — its lowest level since December 2020 — on growing fears of the US slipping into a recession and in anticipation of rising interest rates. “There is carnage in the crypto markets and the community is under severe distress. It’s havoc to be exact,” says Kunal Jagdale, founder & CEO, BitsAir Exchange. Bears are in a ruckus and crypto investors have no refuge now as Bitcoin has taken a bit hit, he adds. “The entire market has fallen. One can just hold and sit tight,” says Rishi Anand, Partner, DSK Legal. Let’s look at reasons for the price crash and investment strategies for existing and new crypto investors in the current market conditions. Factors leading to price crash Close … [Read more...] about Crypto crash leaves investors in a tizzy. What should be your next move

Share to Twitter Share to Linkedin Topline Shares of Netflix surged after the closing bell Tuesday despite the streaming giant’s disclosure in its second-quarter earnings report that it lost subscribers for a second quarter in a row, as the total was lower than investors had feared—with the company optimistic about adding back subscribers later in the year. Key Facts Netflix’s stock jumped nearly 7% to around $215 per share in after-hours trading, with investors cheering the better-than-expected second-quarter earnings report . The streaming giant reported that it lost 970,000 subscribers in the latest quarter—significantly less than the company’s previous forecast of losing 2 million subscribers—and management remains optimistic about adding back customers later in the year. Analyst estimates for Netflix’s second-quarter subscriber loss had ranged from as much as 4 million subscribers to as little as 1.5 million, with some analysts … [Read more...] about Netflix Shares Jump Over 6% After It Reports Smaller Subscriber Loss Than Forecast