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Stocks making the biggest moves after hours: Etsy, Booking Holdings, eBay and more
The Etsy website Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce company plunged by more than 12% after Etsy’s revenue guidance for the second quarter came in lighter than anticipated. The company CFO also said on the earnings call that “consumers […]
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Top Wall Street analysts like these stocks for long-term upside
Earnings season is yet again upon us, with prominent names reporting this week. Volatility remains a focus for investors, and inflation has been continuing to compound pressure across all industries. The near-term uncertainty remains blurred, although long-term investing can often cut through the daily noise. Let’s take a look at five stocks that analysts see […]
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Three reasons why this struggling fintech stock may break out of its slump
PayPal tumbled 16% this week, but one top analyst is making a bullish long-term case for the struggling stock. The company’s underperformance follows leadership uncertainty. PayPal’s chief financial officer, John Rainey, announced last week he’ll leave the company in late May. Yet, Bruderman Asset Management’s Akshata Bailkeri made an optimistic case for PayPal on CNBC’s […]
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Looking for the next earnings season blowups after the Netflix disaster
CNBC Pro found more companies with similarly troubling set-ups after shockingly poor subscriber numbers cratered Netflix shares. Source
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Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says
Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple. “Polarization isn’t healthy in my judgement,” Ripple […]
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Etsy sellers eye forming a union after going on strike
Illustrator Alex Kittle is putting her Etsy shop on “vacation mode” as part of a weeklong strike which has garnered the support of thousands of sellers. Alex Kittle In late February, Kristi Cassidy logged onto Reddit and made a call to action to people who sell their goods on Etsy. A day earlier, Etsy had […]
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Goldman’s ways to play deglobalization, onshoring trend fueled by pandemic and Ukraine war
Goldman Sachs strategists say companies that are reducing their global exposure or benefit from onshoring are outperforming so far this year. Source
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Sell your old iPhone, laptop now before the ‘value just vanishes into the ether,’ expert says: Here’s the best way
If you were gifted a new set of Airpods for Christmas or bought yourself a new laptop on Cyber Monday, you probably still have its predecessor lying around somewhere. Instead of keeping it in a drawer or under you bed, you could sell it for a good chunk of money, says Byron Binkley, founder of […]
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Target tiptoes back into resale with new ThredUp deal, as it makes sustainability push
Target ThredUp website Source: Target Target is tiptoeing back into secondhand sales through a deal with resale company, ThredUp. The big-box retailer confirmed Friday that it launched a page on ThredUp’s website in late March that includes listings of women’s and kids’ apparel, along with accessories. Some items are from Target’s private labels, such as […]
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The Nasdaq is down more than 10% this year. Here are Wall Street’s top picks to buy the dip
As tech stocks endure a broad sell-off this year, Wall Street analysts name some of their top stocks to buy right now. Source
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