It is a red day for some of the most popular technology stocks, including NIO (-1.57%), Disney (-2.97%), GME (-6.05%), Palantir (-7.93%) and Tesla Stock (-5.25%). This comes at the tail end of a bear market that has seen technology stocks take a hit, with investors seeking safety in other investments as the economic storm rages on [1]. Those who had predicted the market to be different, with the ten-year at 3.8% rather than 5.8%, have had to adjust their strategies and take stocks in order to make up for any losses [2]. Despite this, many investors remain hopeful and are trying to keep the faith, with the majority of their investments on other platforms that are not completely in the red [3].
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[1] Tech Sell-Off: 1 Nasdaq Stock Down 77% to Buy Before It … [2] Jim Cramer (@jimcramer) / TwitterNIO Stock is currently at $10.03 losing today 1.57%
NIO Inc. (NYSE: NIO) has been struggling with its stock price today, losing 1.57% to close at $10.03 according to [1]. Despite its plans to build a factory in China to produce budget EVs for export to Europe [2], the company has not been able to reverse its fortunes in the near term [3].
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[1] Down 60%, Is Nio Stock Finally a Buy? | The Motley Fool [2] NIO Inc. (NIO) Latest Stock News & Headlines – Yahoo Finance [3] ADR Stock – NIO Share Price Today, News and DiscussionDisney Stock is today at $102.9 losing 2.97%
Disney’s stock prices have been volatile in the past few months, with the company’s stock closing at $86.75/share on Wednesday [2], resulting in the company’s market capitalization shedding about $24 billion in value to stand at $158.15 billion. However, the stock has since rebounded, closing at $102.9 on Tuesday, a 2.97% decrease from its previous close [1]. From a risk/reward perspective, Disney might be an interesting option for value investors now while trading near its 8-year lows [3]. Investors should take into account the company’s fundamentals and the impact of events such as the firing of CEO Bob Chapek and the launch of Disney+ when considering whether to buy or sell Disney stock.
References:
[1] Down 51%, Is Disney Stock a Bargain Buy Right Now? [2] Disney Stock Slumps to Two-Year-Plus Low on Earnings Miss … [3] Disney: Stock Near 8-Year Lows Indicates A Misappraised …Tesla Stock is today at 197,37 USD down 5.25%
Tesla Inc (TSLA:NASDAQ) stock has taken a hit today, closing at [2] $197.37, -10.94, -5.25%. According to [1] TSLA – Tesla, Inc. NasdaqGS – NasdaqGS Real Time Price, traders and investors had anticipated a higher valuation for the stock, yet the data from [3] Get Tesla Inc (TSLA:NASDAQ) real-time stock quotes, news, price and financial information from CNBC suggest otherwise.
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[1] Tesla, Inc. (TSLA) Stock Price, News, Quote & History [2] TSLA Stock Price | Tesla Inc. Stock Quote (U.S.: Nasdaq) [3] Tesla Inc TSLA:NASDAQ – Stock Price, Quote and NewsGameStop is today at $20.66 down 6.05%
GameStop Corp. (GME) stock price is currently at $20.66, down 1.33 or 6.05% on the day [1]. This decline comes on the heels of Walmart’s profit warning yesterday, which has spooked the broader market [3].
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While the four-for-one stock split was seen as a bullish indicator, the stock has yet to trigger a short squeeze and is still down 14% from its pre-split price [2]. With the crypto and NFT world going through a downturn, GameStop’s heavy reliance on this sector has been a major drag on its stock price.
References:
[1] GameStop Corp. Cl A Stock Quote (U.S. – GME – MarketWatch [2] GameStop Corp Stock – GME Share Price Today, News and … [3] Why GameStop Is Down for the Third Day After Its Stock SplitPalantir Stock is now at $8.47 losing 7.93%
Palantir Technologies has seen a decline in its stock price, dropping 7.93%, from its current price of $8.47 [1]. Despite this, there is a case to be made that this depreciation is unjustified, with the company’s commercial software offerings in high demand and expected to deliver strong returns in the near future [2]. Palantir is also outperforming other stocks, such as REE Automotive Ltd. and Apple Inc., which are currently at $0.46 and $148.48 respectively [3]. Investors should consider the company’s financials and its path to profitability before investing, as operating expenses continue to grow at a slower rate than revenue [1].
References:
[1] Is Palantir Stock a Buy Now? | The Motley Fool [2] Palantir: The Market Has Lost Its Mind (NYSE:PLTR) [3] Canoo Inc (GOEV) Stock Price & News – Google Finance
