Daily Trade

After Paysafe’s (NASDAQ:PSFE) fourth-quarter (Q4) results showed that its profitability is improving, while three of its key businesses are rebounding significantly, I remain upbeat on the long-term outlook of PSFE stock. Source: Sulastri Sulastri / Shutterstock.com On the other hand, I believe that there are two reasons to be cautious on the shares going forward.
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In mid-March, I analyzed Shopify (NYSE:SHOP) stock in the midst of a horrendous down streak. Source: Beyond The Scene / Shutterstock.com Shopify had fallen more than 35% in roughly a month. It was down more than 60% for the year and analysts were diving for cover. I suggested that it was possible for SHOP stock
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Editor’s Note: This article is regularly updated to bring you relevant, up-to-date information. Slim pickings are on the earnings front over the next week. The fourth quarter numbers are largely in with 98% of the companies listed on the benchmark S&P 500 index having now reported. However, there are still a few notable companies left
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Hi, MarketWatchers. Don’t miss these top stories. Plastic was found in human blood for the first time. Is this a public health risk? Evidence of microplastics in human blood requires study to understand health concerns. Production of the life-changing technology looks to quadruple by 2050. Read More The IRS sent thousands of third-round stimulus checks to
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After a terrible plunge, OPEN stock finally looks interesting. However, the sustainability of the housing market is questionable. Ultimately, OPEN remains a speculative venture. Source: PREMIO STOCK/Shutterstock.com Opendoor Technologies (NASDAQ:OPEN) stock didn’t just print red ink this year, it has veritably hemorrhaged its valuation. Since the first session of 2022, OPEN stock has lost 40%.
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Though gas prices have backed off their record-breaking high in recent days, it hasn’t been by much. The more that high prices at the pump stick around, the more that state and federal lawmakers are trying to find ways to ease drivers’ financial pain. They’ve floated two types of ideas so far: pauses on the
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The price of Shopify (SHOP) has been cut in half since November It still sells at nearly 20 times revenue Are growth catalysts sufficient to keep the stock price high? Shopify (NASDAQ:SHOP) stock cost $1,690/share in November. It opens March 24 at $710. That’s a bargain, right? Not necessarily. Even at that price you’re paying
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Ether reached its highest level since Feb. 17 on Thursday, over optimism around Ethereum’s upcoming major upgrade, which will reduce environmental costs of the blockchain and lower its transaction fees. Ether ETHUSD, +0.14% traded as high as $3,128.7 on Thursday, according to CoinDesk data. It was most recently trading at around $3,102, up 3.9% over
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The business of the cruise operators has been facing several challenges since the onset of the Covid-19 pandemic in 2020. As a result, Carnival Corp (NYSE:CCL) stock has been volatile with a downward bias. Source: Kokoulina / Shutterstock.com The cruise industry was crawling back to normalcy as the impact of the Covid-19 pandemic started to dissipate.
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Wall Street has begun to see more borrowers with blemished credit fall months behind on their subprime auto loans, a potential sign of cracks emerging in consumer credit as the Federal Reserve moves to fight inflation. Subprime auto loans had been a surprisingly strong corner of household debt in the past two years of pandemic,
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Overseas e-commerce investing just got a little bit easier as China’s government signals readiness to support the market. Pinduoduo offers an intriguing entry point after a steep drawdown. Investors should consider a starter position and be prepared to add if the share price drops. Shanghai, China-based Pinduoduo (NASDAQ:PDD) provides an e-commerce shopping platform that’s meant to
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History will mark the Russian invasion of Ukraine as a devastating attack on the peaceful community of democracies. And that America and its allies—so inured with a sense of moral and systemic supremacy—committed six strategic errors that summoned aggression and ultimately let an invasion degrade into a humanitarian tragedy. Economic appeasement First, at the end
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A brief wobble aside, the U.S. stock market is taking Federal Reserve Chairman Jerome Powell’s decision to fully unleash the inflation-fighting side of his monetary policy persona in stride. That may be a surprise to some investors as Treasury yields soar and money-market participants price in an aggressive round of benchmark interest rate increases after
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The market’s de-rating of Shopify is justified given slowing growth and the overall contraction in growth stock valuations. Similar to what played out with AMZN stock 20 years back, SHOP could make a partial recovery within a reasonable timeframe. However, before that rebound happens, investors should watch out for another sharp decline. Spiking back after
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