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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?(20 Dec)
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Comments

  • wigglyz
    2023-01-17
    wigglyz
    A pullback is always normal, nothing goes up for two weeks straight, last time it took about 2 weeks to go up to $30.
  • pixiezz
    2023-01-17
    pixiezz
    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
  • cheerzy
    2023-01-17
    cheerzy
    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
    🙏🏻
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