Is the Plummet of Growth Stocks Inevitable This Earnings Season?
Is the plummet of growth stock inevitable in this earnings season?
Many growth stocks plunged over 10% or even 20% despite earnings beat. In the current environment, even minor flaws in financial reports can escalate into sharp declines.
Read more on: Why Growth Stocks tumbles a lot?
$Shopify(SHOP)$ fell 20% after forecasting slower sales growth and narrower margins.
$DoorDash, Inc.(DASH)$ fell 15%. The delivery giant released better-than-expected earnings but fell on rising cost concerns.
$Beyond Meat, Inc.(BYND)$ fell 14% after its net losses widened and Q2 guidance was weak.
$Uber(UBER)$ fell 10% after the ride-hailing company beat expectations for revenue, but posted net loss.
$Affirm Holdings, Inc.(AFRM)$ fell 10% despite the earnings beat. Its key partner $Shopify(SHOP)$ indicated a possible decline in e-commerce demand.
$ARM Holdings Ltd(ARM)$ fell 9% as the company's full-year revenue forecast missed expectations.
$Airbnb, Inc.(ABNB)$ fell 8% as the company beat estimates but offered weaker-than-expected guidance.
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Great revenue of growth