Datadog and MongoDB are trading near 52-week lows. Yet both companies are seeing strong demand from customers.A 2022 examination of the information technology sector (let alone individual companies in that sector) would have just about any investor second-guessing the decision to go anywhere near it. TheNasdaq Compositeindex is largely made up of companies in theinformation technology sector, particularly software companies. Right now, the Nasdaq is trading down about 28.4% in 2022.Looking at that poor stock performance, it would seem most software and information technology companies did poorly this year. In some instances, the drop in valuation is truly warranted. Investors got caught up in ameme-stock euphoriain 2021 and several companies ended up overvalued based on short-term thinking
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2 Beaten Down Software Stocks That Look Like Great Long-Term Buys
2 Beaten Down Software Stocks That Look Like Great Long-Term Buys
$NIO Inc.(NIO)$
$Shopify(SHOP)$
Even Though a Tough 2023 Looms Large, Is Now the Perfect Time to Buy Zoom Stock?
2022 kicked Zoom while it was already down.Zoom Video Communications stock has already been struggling with households and businesses making a return to in-person activities, but economic uncertainty is creating even more issues headed into 2023. Zoom shares are now down nearly 60% in 2022 after the last earnings update, even as the business itself continues to (slowly) expand.Zoom's customers are clearly being impacted by macroeconomic factors, which is trickling down into key performance metrics for the company itself. Though 2023 is largely expected to be another sluggish year, pessimism is at least partially baked into the share price at this point. Is now the time to buy Zoom?Individual and small business "churn" is back to pre-pandemic levelsOne of the primary factors eating at
Balance sheet says there's no risk of SNAP going under any time soon; now if you think 400M DAUs and so much AR tech and patents isn't worth more than 16 billions keep shorting...As to myself, I will keep accumulating stock and options below at these prices and will be laughing by Christmas$Snap Inc(SNAP)$
I'm loving this run up off the low of 90.13 on July 14 to today's price of 124.32, been a great short covering rally. I dedicate this post to the short seller that told me you can't have your cake and eat it too!!!! Guess what skippy I'm eating my strawberry short cake and loving it.$Walt Disney(DIS)$
This stock moves oh so slowly until BAM, it will start to shoot up. What it takes is at least 2 or 3 days straight of a declining DOW. These DOW up DOW Down days keep SDOW spinning its wheels. One big DOW decline day like we saw yesterday helps to move it up but is not enough. SDOW needs two or three days in a row like that, or one huge drop of 1000 pts to seal the deal.$SDOW(SDOW)$
3 Stocks to Sell Ahead of the Next Big Rate Hikes
With the Federal Reserve committed to further raise interest rates these three stocks look like trouble. AirBNB(ABNB): Rising rates could put more pressure on its valuation, not to mention bring an end to the "revenge travel" trend. Carvana(CVNA): A further increase in interest rates could be what causes the used car bubble to officially pop. Palantir(PLTR): Hawkish fiscal policy and slowing growth could mean a continued slide for this big data firm's shares. Source: ShutterstockFollowing Federal Reserve Chairman Jerome Powell’slatest remarks on monetary policy, investors are more concerned with which stocks to sell. The central bank remains committed to continuing hiking interest rates, in its quest to curb inflation. In turn, the market may have a ways to go before truly bottoming out.Th
3 Stocks to Sell Ahead of the Next Big Rate Hikes
Micron (MU) Gains But Lags Market: What You Should Know
In the latest trading session, Micron (MU) closed at $57.94, marking a +0.87% move from the previous day. This move lagged the S&P 500's daily gain of 1.06%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 0.09%.Prior to today's trading, shares of the chipmaker had lost 11.69% over the past month. This has lagged the Computer and Technology sector's loss of 4.33% and the S&P 500's loss of 1.14% in that time.Wall Street will be looking for positivity from Micron as it approaches its next earnings report date. This is expected to be September 29, 2022. The company is expected to report EPS of $1.52, down 37.19% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.94 billion, down 16.16% from the year
Senti Biosciences shareholders are up 68% this past week, but still in the red over the last year
Senti Biosciences, Inc.(NASDAQ:SNTI) has rebounded strongly over the last week, with the share price soaring 68%. But that's not enough to compensate for the decline over the last twelve months. During that time the share price has sank like a stone, descending 68%. The share price recovery is not so impressive when you consider the fall. You could argue that the sell-off was too severe.While the stock has risen 68% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.Senti Biosciences isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally expect to see good revenue growth. As you can imagine, fast rev
Senti Biosciences shareholders are up 68% this past week, but still in the red over the last year
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