Latest news with #VanEckSemiconductor
Yahoo
2 days ago
- Business
- Yahoo
Carvana, Netflix, Duolingo, Robinhood, and Chegg Shares Plummet, What You Need To Know
What Happened? A number of stocks fell in the afternoon session after investor apprehension intensified ahead of a key policy speech and perplexing inflation signals clouded the economic outlook, leading to a wider market retreat from growth-oriented stocks. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure. A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Online Retail company Carvana (NYSE:CVNA) fell 4.3%. Is now the time to buy Carvana? Access our full analysis report here, it's free. Consumer Subscription company Netflix (NASDAQ:NFLX) fell 3%. Is now the time to buy Netflix? Access our full analysis report here, it's free. Consumer Subscription company Duolingo (NASDAQ:DUOL) fell 8.1%. Is now the time to buy Duolingo? Access our full analysis report here, it's free. Financial Technology company Robinhood (NASDAQ:HOOD) fell 6.8%. Is now the time to buy Robinhood? Access our full analysis report here, it's free. Consumer Subscription company Chegg (NYSE:CHGG) fell 7.7%. Is now the time to buy Chegg? Access our full analysis report here, it's free. Zooming In On Duolingo (DUOL) Duolingo's shares are extremely volatile and have had 34 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 1 day ago when the stock gained 13.5% on the news that it received bullish analyst coverage, including an upgrade from KeyBanc and a new 'Buy' rating from Citi. KeyBanc Capital Markets upgraded the stock to 'Overweight' from 'Sector Weight' and set a $460 price target, implying significant upside. Analysts at KeyBanc stated that the recent AI backlash was just 'a bump in the road' and that fears of AI hurting the digital-education app are 'overblown.' The firm highlighted Duolingo's product improvements and viral marketing as potential drivers for growth. Adding to the positive sentiment, Citi initiated coverage with a 'Buy' rating and a $400 price target. Citi's analysts argued that the stock price overstates AI-related risks and pointed to the company's potential for long-term growth. This wave of analyst confidence follows Duolingo's strong second-quarter results reported earlier in August, where it beat estimates and raised its full-year revenue forecast. Duolingo is up 4.5% since the beginning of the year, but at $340.66 per share, it is still trading 37% below its 52-week high of $540.68 from May 2025. Investors who bought $1,000 worth of Duolingo's shares at the IPO in July 2021 would now be looking at an investment worth $2,451. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Reddit, Roku, Remitly, Coinbase, and Udemy Stocks Trade Down, What You Need To Know
What Happened? A number of stocks fell in the afternoon session after investor apprehension intensified ahead of a key policy speech and perplexing inflation signals clouded the economic outlook, leading to a wider market retreat from growth-oriented stocks. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure. A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Social Networking company Reddit (NYSE:RDDT) fell 6.4%. Is now the time to buy Reddit? Access our full analysis report here, it's free. Consumer Subscription company Roku (NASDAQ:ROKU) fell 3.6%. Is now the time to buy Roku? Access our full analysis report here, it's free. Financial Technology company Remitly (NASDAQ:RELY) fell 4.9%. Is now the time to buy Remitly? Access our full analysis report here, it's free. Financial Technology company Coinbase (NASDAQ:COIN) fell 5.6%. Is now the time to buy Coinbase? Access our full analysis report here, it's free. Consumer Subscription company Udemy (NASDAQ:UDMY) fell 3.4%. Is now the time to buy Udemy? Access our full analysis report here, it's free. Zooming In On Reddit (RDDT) Reddit's shares are extremely volatile and have had 61 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 5.4% on the news that markets continued to rally as the latest inflation data reinforced expectations for a Federal Reserve rate cut as soon as September. The latest Consumer Price Index (CPI) report for July showed inflation holding steady, reinforcing market expectations that the Federal Reserve could begin cutting interest rates as soon as September. Lower interest rates generally stimulate the economy by making borrowing cheaper for consumers and businesses. This can lead to increased consumer spending and e-commerce activity, which directly benefits online retail and marketplace companies. The positive economic outlook fueled a broad-based rally, pushing the S&P 500 and Nasdaq to new record highs and lifting most growth-oriented technology stocks. Reddit is up 37.6% since the beginning of the year, and at $228.31 per share, it is trading close to its 52-week high of $246.50 from August 2025. Investors who bought $1,000 worth of Reddit's shares at the IPO in March 2024 would now be looking at an investment worth $4,526. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
AMD, Amtech, Broadcom, Marvell Technology, and Semtech Shares Are Falling, What You Need To Know
What Happened? A number of stocks fell in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure. A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Processors and Graphics Chips company AMD (NASDAQ:AMD) fell 5.5%. Is now the time to buy AMD? Access our full analysis report here, it's free. Semiconductor Manufacturing company Amtech (NASDAQ:ASYS) fell 8.5%. Is now the time to buy Amtech? Access our full analysis report here, it's free. Processors and Graphics Chips company Broadcom (NASDAQ:AVGO) fell 4.3%. Is now the time to buy Broadcom? Access our full analysis report here, it's free. Semiconductor Manufacturing company Marvell Technology (NASDAQ:MRVL) fell 5.6%. Is now the time to buy Marvell Technology? Access our full analysis report here, it's free. Semiconductor Manufacturing company Semtech (NASDAQ:SMTC) fell 4.3%. Is now the time to buy Semtech? Access our full analysis report here, it's free. Zooming In On Amtech (ASYS) Amtech's shares are very volatile and have had 23 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 6.9% on the news that the semiconductor sector continued to rally as a favorable July inflation report boosted investor confidence for a potential Federal Reserve interest rate cut in September. Lower-than-expected inflation data for July increased market expectations for a Federal Reserve interest rate cut next month, with futures markets pricing in a 96.2% probability. A potential rate cut lowers borrowing costs, which is particularly beneficial for growth-oriented sectors like technology and semiconductors as it can fuel investment and expansion. Amtech is down 1.4% since the beginning of the year, and at $5.52 per share, it is trading 18.1% below its 52-week high of $6.74 from August 2024. Investors who bought $1,000 worth of Amtech's shares 5 years ago would now be looking at an investment worth $1,068. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Yahoo
2 days ago
- Automotive
- Yahoo
eHealth, Lyft, Coursera, Cars.com, and Skillz Shares Plummet, What You Need To Know
What Happened? A number of stocks fell in the afternoon session after investor apprehension intensified ahead of a key policy speech and perplexing inflation signals clouded the economic outlook, leading to a wider market retreat from growth-oriented stocks. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure. A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Online Marketplace company eHealth (NASDAQ:EHTH) fell 3.1%. Is now the time to buy eHealth? Access our full analysis report here, it's free. Gig Economy company Lyft (NASDAQ:LYFT) fell 3.1%. Is now the time to buy Lyft? Access our full analysis report here, it's free. Consumer Subscription company Coursera (NYSE:COUR) fell 3.5%. Is now the time to buy Coursera? Access our full analysis report here, it's free. Online Marketplace company (NYSE:CARS) fell 4.1%. Is now the time to buy Access our full analysis report here, it's free. Video Gaming company Skillz (NYSE:SKLZ) fell 4.3%. Is now the time to buy Skillz? Access our full analysis report here, it's free. Zooming In On Skillz (SKLZ) Skillz's shares are extremely volatile and have had 44 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 11 days ago when the stock gained 11.2% on the news that the company reported strong second-quarter 2025 financial results that beat Wall Street's expectations for both revenue and earnings. The mobile gaming platform posted revenue of $27.37 million, an 8.2% increase year-over-year, which surpassed analyst estimates by nearly 20%. A key highlight was the 19.7% growth in paying monthly active users compared to the prior year, reaching 146,000. While the company still recorded a net loss, its GAAP loss per share of $0.58 was significantly better than the loss of $1.34 that analysts had anticipated. The strong top-line and user growth figures suggested that the company's strategies to attract players were gaining traction, but a 9.5% decline in average revenue per user indicated challenges remain in fully monetizing its user base. Skillz is up 61.4% since the beginning of the year, and at $8.60 per share, it is trading close to its 52-week high of $9.09 from August 2025. Investors who bought $1,000 worth of Skillz's shares 5 years ago would now be looking at an investment worth $41.51. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NBC News
20-06-2025
- Business
- NBC News
S&P 500 posts third straight losing day as traders eye Middle East tensions, Trump's next steps
The S&P 500 fell on Friday as investors monitored the latest developments out of the Middle East. Traders also contemplated the path of future interest rate cuts by Federal Reserve. The broad market index declined 0.22% to end at 5,967.84, while the Nasdaq Composite dropped 0.51% and settled at 19,447.41. The Dow Jones Industrial Average ticked up 35.16 points, or 0.08%, closing at 42,206.82. Chip stocks came under pressure following a report by The Wall Street Journal that the U.S. may revoke waivers for some semiconductor manufacturers. Nvidia was down more than 1%, while Taiwan Semiconductor Manufacturing slid nearly 2%. The VanEck Semiconductor ETF (SMH) was lower by nearly 1%. The S&P 500 started off the trading session higher after Federal Reserve Governor Christopher Waller said that the central bank could cut rates as early as July. 'I think we're in the position that we could do this and as early as July,' Waller said during a ' Squawk Box ' interview. 'That would be my view, whether the committee would go along with it or not,' he added. This comes after Fed Chair Jerome Powell said Wednesday the central bank was in no hurry to cut benchmark rates and will remain data dependent, especially as it remains unclear how President Donald Trump's tariffs will impact the economy. The S&P 500 closed slightly lower that day following those remarks. Trump ripped into Powell again Thursday, saying the Fed Chair is costing the U.S. 'hundreds of billions of dollars' by delaying rate cuts. The president said ahead of the Fed's decision Wednesday that 'stupid' Powell 'probably won't cut' rates. Tensions around the Israel-Iran conflict also remained high, as Israeli Prime Minister Benjamin Netanyahu is reportedly ordering Jerusalem's military to strike 'strategic targets' in Iran, as well as 'government targets.' Trump is weighing direct U.S. involvement with a strike on Tehran, with the White House on Thursday saying that he will make a final decision within the next two weeks. Trump previously called for Tehran's complete surrender, to which Iran's supreme leader, Ayatollah Ali Khamenei, labeled the notion 'threatening and ridiculous.' 'With so much uncertainty going on in this world, who really wants to go long over the weekend,' said Sam Stovall, chief investment strategist at CFRA Research. He also pointed out that the S&P 500 is still trading at just around 3% below its recent 52-week high, saying that 'prior highs act like rusty doors and require several attempts before finally swinging open.' 'If there's a calming down of the geopolitical activities, then you know that could be helpful,' he continued. For the week, the S&P 500 was about 0.2% lower. The 30-stock Dow eked out a 0.02% gain on the week, while the Nasdaq advanced 0.2%.
