|Bid||71.09 x 1000|
|Ask||71.28 x 800|
|Day's Range||69.60 - 76.90|
|52 Week Range||10.90 - 113.76|
|Beta (5Y Monthly)||2.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||54.47|
On Day 2 of a brutal sell-off in tech stocks and high-flying growth names, shares of Stitch Fix (NASDAQ: SFIX), Twilio (NYSE: TWLO), and Fastly (NYSE: FSLY) were among the losers on Tuesday. Rising interest rates, fear of inflation, and optimism about a quicker-than-expected economic reopening are all leading investors to shift out of risk-on assets into safer trades like bonds and blue chip stocks. At that same point today, Stitch Fix was down 9%, Twilio had fallen 3.8%, and Fastly was off 3.9%, though these stocks recovered some of their losses later in the morning.
Shares of high-flying e-commerce stocks including Stitch Fix (NASDAQ: SFIX), Sea Limited (NYSE: SE), and MercadoLibre (NASDAQ: MELI) were falling today on a broader sell-off in tech stocks. There was no major news out on any of these companies but they were likely falling in sympathy with Shopify (NYSE: SHOP), the e-commerce software company, which reported strong fourth-quarter earnings this morning but also warned that revenue growth would slow in 2021 as vaccines roll out, foreshadowing a slowdown across the e-commerce sector. As of 12:43 p.m. EST, Stitch Fix was down 8.3%, Sea Limited had fallen 4.1%, and MercadoLibre shares were off 3.6%.
Miller Value Partners, an investment management firm, published its ‘Opportunity Equity’ fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 35.4% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that delivered a 12.15% return. You can view the fund’s top 5 […]