Stocks Are Crashing as a Recession Seems More Likely
Stocks have fallen more than 10% the past three trading sessions as inflation is hurting businesses, including Dutch Bros (BROS).
Stocks have fallen more than 10% the past three trading sessions as inflation is hurting businesses, including Dutch Bros (BROS).
Stocks tanked today as commodity and labor inflation continues to hurt the stock market, especially restaurants like Starbucks (SBUX).
Starbucks (SBUX) grew revenue a solid 15% last qtr, but COVID-19 closures in China, higher inflation, and labor costs cut into profits.
Aluminum can manufacturer Ball Corp (BALL) is seen as a recession-resistant stock as it can raise prices to keep up with inflation.
Stocks got creamed today as gas prices hight $5 a gallon in the US. Datatog (DDOG) is our chart of the day, and its a doozy.
Pool Corp (POOL) stock has been fallign “down the drain” with the homebuilder stocks. But 60% of Pool’s revenue is steady.
Stocks put in a mixed day on Wall Street today, while the major averages declined around 1%. Our chart of the day is Celsius (CELH).
Booking.com (BKNG) is preparing for a busy Summer travel season ahead as airports are packed and hotels are selling out.
Software stocks lead the stock market higher today, but companies like Atlassian (TEAM) need to deliver more real profits.
Leading the market higher today were solar stocks on news of no tariffs for two years. Enphase Energy (ENPH) was the big winner.
MongoDB (MDB) is performing magnificently. But the company is expected to lose money this year, and that’s bad in a Bear Market.
Atlassian (TEAM) is growing revenue 30%, but profits aren’t keeping up as management gives a boatload of options to employees.