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QTWO earnings call for the period ending September 30, 2021.
Once again, semiconductor stock Nvidia (NASDAQ: NVDA) is leading tech stocks lower as its shares had slumped 6.6% by 10:25 a.m. ET today. The most obvious answer is that investors are favoring "cheap" semiconductor stock Intel (NASDAQ: INTC) over "expensive" semiconductor stock Nvidia today, especially because Intel had some good news to report last week. On Friday, Intel announced that it has chosen to locate two new chip factories near Columbus, Ohio, picking the city from a field of 40 locations that had competed for the investment.
Americans are wondering what's amiss with Wall Street after steep declines in stocks and a surge in bond yields in recent weeks. Here's how to think about it.
Shares of Chinese electric-vehicle maker Nio (NYSE: NIO) opened sharply lower in U.S. trading on Monday amid a broad market sell-off triggered by rising global tensions and interest rate fears ahead of a key U.S. Federal Reserve meeting. As of 10:15 a.m. ET, Nio's American depositary shares were down about 11.9% from Friday's closing price. Nio was just one of many companies that saw their shares hit hard in early trading on Monday.
The stock market was having yet another bad day on Monday, with all three major market indexes well in the red, and the S&P 500 down by nearly 2% at 11 a.m. ET. Buy now, pay later (BNPL) leader Affirm (NASDAQ: AFRM) was down by 11%, lending technology company Upstart Holdings (NASDAQ: UPST) had fallen by nearly 14%, and banking disruptor SoFi Technologies (NASDAQ: SOFI) had plunged by 12% for the day. The recent market decline has hit speculative growth companies especially hard, as investors have general fears about inflation and rising rates as we go forward in 2022.
This morning, shares of Tesla, Rivian Automotive (NASDAQ: RIVN), and zero-emission semitruck maker Nikola (NASDAQ: NKLA) are all experiencing much steeper drops than the technology-filled Nasdaq Composite index. As of 11:12 a.m. ET, Tesla stock was down 6.6%, having recovered from a previous 10% drop. Rivian shares were near the day's low of 10.1%, and Nikola was down 7%.
Dividend-paying stocks delivered an annualized return of 9.5%, which ran circles around the non-dividend payers, which trudged to an annualized gain of 1.6% over four decades. The biggest challenge for income investors is weighing yield and risk. In a perfect world, income investors would net the highest yield possible with the least amount of risk.
There were several catalysts for the sell-off, including rising interest rates and geopolitical concerns. Traders and investors seemed eager to exit high-risk positions, a category that includes many EV-related stocks. Cenntro Electric Group (NASDAQ: CENN) was down about 10.5%.
Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Meta Platforms (NASDAQ: FB) were all sliding today as investors continue to dump technology stocks in anticipation that the Federal Reserve will raise interest rates throughout 2022. Today's drop comes as tech stocks have been tumbling since the beginning of this year as investors have processed information about rising bond yields as well. Amazon was down by 2.2%, Apple had dropped 2.7%, and Meta Platforms tumbled 2.8% as of 11:37 a.m. ET.
The fall for electric vehicle charging stocks has been steep over the past year, and I don't think we're done with the sell-off yet. You can see below that ChargePoint Holdings (NYSE: CHPT), Blink Charging (NASDAQ: BLNK), and EVgo Inc (NASDAQ: EVGO) are all down over 30% in the past year and still declining.
Tilray Brands (NASDAQ: TLRY) is the top marijuana producer in Canada and has set its sights on growing its presence in the U.S. and internationally. Tilray needs it to be legal. Towards the end of the company's earnings call, Simon expressed doubt that the U.S. will legalize marijuana and that it could be well into 2024 before it might happen.
Yahoo Finance's Brad Smith and Akiko Fujita discuss how Kohl's stock is responding to reports that private equity firm Sycamore is exploring a takeover of the retailer.
Berkshire Hathaway CEO Warren Buffett is one of the most successful value investors of all time. Although classic value stocks fell out of favor during the nearly decade-long bull market over the course of 2010 to 2020, and Berkshire's stock underperformed some major U.S. stock indexes as a result, these tried and true investing vehicles are making a furious comeback during this current bear market. The long and short of it is that the increasing likelihood of rising interest rates and stubbornly high levels of inflation ought to favor Buffett's value-oriented approach to investing over narrative-driven growth stocks in 2022.
With the economy still working to recover from its pandemic-driven slump, the thought of a market crash may not seem as likely. It also means that certain market sectors are going to take a hit, even if the full market doesn't actually crash. If we do see a market crash, here are three names that should be on the shopping list in the aftermath.
Ocugen, Inc. ( NASDAQ:OCGN ) is possibly approaching a major achievement in its business, so we would like to shine...
Sylvia Jablonski, CIO and Co-founder of Defiance ETFs, joins Yahoo Finance Live to discuss opportunities for investors to buy stocks on the dip, how the market is pricing in interest rate hikes, the Fed, cryptocurrency, and the NFT market ahead of web3.
Buying into a steep decline in stocks can be a scary prospect, but history suggests it can also be very rewarding.
Stock benchmarks on Monday head significantly lower, as investors brace for a Federal Reserve gathering early this week that could set the tone for the rest of 2022. Here's the point at which the S&P 500 enters correction.
Shares in aviation giant Boeing (NYSE: BA) fell by nearly 6% in early trading on Monday. First, there's the broad market decline and the perception that Boeing is one of the companies particularly exposed to the risks that the market is concerned about right now. Meanwhile, China still hasn't fully approved the 737 MAX to return to service.
Markets are down significantly from record highs; in fact, the NASDAQ has entered correction territory, with a decline of 15% while the S&P 500’s decline is still at ~9%. These price declines come as the Federal Reserve signaled it will be raising rates this year. While higher interest rates will knock down inflation, stock markets are likely to take a tumble when the hikes come – and analysts are predicting anywhere from 2 to 4 rate hikes this year. The end of the central bank’s supportive poli
Yahoo Finance's Jared Blikre gives an update on the market as stocks continue to sink ahead of earnings and the Fed meeting.