Shop
2023-01-10

Tesla (TSLA) was also among the day's biggest movers, rallying nearly 6%. Beaten-down shares of Coinbase (COIN) surged 15.1%. Cathie Wood's ARK Innovation ETF (ARKK) — a bellwether for speculative technology stocks and a large holder of each of the two aforementioned names — rose 4.6%.

Retail stocks were also in focus Monday, with several companies announcing news ahead of the key ICR Conference this week.

Lululemon (LULU) warned it expects fourth-quarter gross margins to decline as the company struggled with increased costs due to an inflation-related slowdown in consumer spending. Shares plunged 9.3%.

Late Friday, Macy's (M) also cautioned on sales growth, and shares fell 7.6% Monday. Abercrombie & Fitch (ANF), in contrast, said its sales decline will likely be less than feared, sending shares up 8.8%.

Shares of Bed Bath & Beyond (BBBY), meanwhile, soared 23.7% in volatile trading — at one point ripping as much as 75% higher — after losing nearly half of its value last week when the embattled meme-stock retailer said bankruptcy was on the table. Bed Bath & Beyond is set to report earnings on Tuesday.

Alibaba (BABA) shares climbed around 3.2% Monday, rising for a sixth straight day, after co-founder Jack Ma agreed to give up controlling rights of fintech affiliate Ant Group.

@Daily_Discussion 

💰 Stocks to watch today?(28 May)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • fishinglo
    2023-01-17
    fishinglo
    A pullback is always normal, nothing goes up for two weeks straight, last time it took about 2 weeks to go up to $30.
  • YeddaJohnson
    2023-01-17
    YeddaJohnson
    the BBBY drop was due to the Poland incident even though the S&P was up over 40 and the Nasdaq was up close to 200 points at the time he made that claim
  • shining87
    2023-01-17
    shining87
    No one will restructure the debt at a reasonable rate and they can only dilute the stock more at this point.
  • Bons
    2023-01-10
    Bons
    I'm not sure if the discount will bring a good or a bad effect on TSLA
  • LplMichelle
    2023-01-10
    LplMichelle
    pls like
  • CloudySeason
    2023-01-10
    CloudySeason
    🙏🏻
Leave a comment
47