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Why Upstart, Block, and Lemonade Swooned Once more Today
Shares of Upstart (NASDAQ: UPST), Block (NYSE: SQ), and Lemonade (NYSE: LMND) were downward large again on Monday, down 10.seven%, 7%, and 8.1%, respectively on the 24-hour interval. While each of these companies is slightly dissimilar in what they practise -- Upstart uses artificial intelligence to underwrite consumer loans, Block is a payments processor, lender, and consumer banker and digital wallet, and Lemonade is a digital insurance brokerage -- each is a type of high-growth fintech stock. Fintechs benefited over the past few years equally the interest rate surroundings was amenable to loftier-growth technology stocks, and the economy was relatively salubrious.
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Deep Pullbacks are Not a Novelty for QUALCOMM'due south (NASDAQ:QCOM) Investors
Between the 5g rollout and the semiconductor melt-upwards, there were plenty of reasons why QUALCOMM Incorporated (NASDAQ: QCOM) stock did so well in the last ii years. However, with the shrinking globalization and growing political turbulence around the world, the optimism for the sector seems to be on the decline.
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Why GameStop Stock Cratered by sixteen% Today
On Monday, 3 days before GameStop (NYSE: GME) is scheduled to unveil its latest ready of quarterly results, a rather bearish research note on the company prompted investors to sell out of the company. On Mon, Pachter wrote a customer note reiterating his underweight (read: sell) recommendation on GameStop stock at a price target of $45 per share (the company currently trades at just over $78). In his view, it could run across "pocket-sized" acquirement growth this yr and even has a shot at landing in the black on the lesser line.
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Where Will AT&T Exist in 1 Year?
AT&T (NYSE: T) was once considered a solid stock for conservative income investors. AT&T claims that equally a slimmed-downward company, it will focus on expanding its 5G and broadband networks to proceed pace with Verizon and T-Mobile in the telecom market. The market doesn't seem impressed past AT&T'south plans so far, but the company recently provided a clearer update during its annotator and investor day on March 11.
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Hedge Funds Are Selling Palantir Technologies (PLTR) and 9 Other Tech Stocks
In this commodity, we discuss Palantir Technologies (PLTR) and 9 other tech stocks that hedge funds are selling. To take a look at some more tech stocks that hedge funds have been offloading in the by few months, become directly to Hedge Funds Are Selling Palantir Technologies (PLTR) and 5 Other Tech Stocks. The engineering […]
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Why Shares of Affirm Holdings Vicious Today
Shares of the buy now, pay later (BNPL) company Affirm Holdings (NASDAQ: AFRM) cruel more than fifteen% today later on the company raised its guidance but also had to reportedly halt a bail sale concluding week. For the third quarter, Affirm essentially only said that it plans to at least hit the top end of the guidance it previously provided on Feb. 10. Management now expects Affirm to see tertiary-quarter gross merchandise book (GMV) of at least $three.71 billion, revenue of at least $335 million, and revenue less transactions costs of at to the lowest degree $148 million, which is $5 1000000 more than the top end of its previous guidance.
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Panic Selling Grips Chinese Stocks in Biggest Plunge Since 2008
(Bloomberg) -- Chinese stocks listed in Hong Kong had their worst twenty-four hours since the global financial crisis, as concerns over Beijing's close human relationship with Russia and renewed regulatory risks sparked panic selling.Most Read from BloombergElon Musk Challenges Vladimir Putin to 'Single Combat' for UkraineUkraine Update: Red china Seeks to Avoid Russia Sanctions SideswipePutin's Land Media News Is Interrupted: 'They're Lying to You lot'Panic Selling Grips Chinese Stocks in Biggest Plunge Since 2008Pregnan
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Rivian Most to Make a Crucial Conclusion to Solve Its Big Trouble
It is an understatement to say that Rivian is going through a tough catamenia. The young electric-vehicle manufacturer has but poured cold water on investors' hopes by announcing a pessimistic outlook for 2022. On the reverse, Rivian said information technology could produce equally many as 50,000 vehicles at its site in Normal, Sick,, but would manufacture only half that number.
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Tesla Raises Prices Across Lineup; Cheapest Model Is $46,990
(Bloomberg) -- Tesla Inc. raised prices on all its vehicles after Chief Executive Officeholder Elon Musk said costs were increasing at the companies he runs.Nigh Read from BloombergUkraine Update: Mainland china Seeks to Avoid Russia Sanctions SideswipeElon Musk Challenges Vladimir Putin to 'Single Combat' for UkrainePutin'due south Land Media News Is Interrupted: 'They're Lying to You'Luxury Cruise Ship Runs Ashore While Leaving Caribbean PortU.Southward. Sewer Data Warns of a New Bump in Covid Cases After LullThe cheapes
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