Financial performance

Gloomy Goldman offers 20 ‘safety’ stocks with valuations below the previous 2 bear markets

It’s tight quarters in Wall Street’s bear sleuth these days. Goldman Sachs just downgraded their 2022 US growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%), as senior chairman Lloyd Blankfein warned of “very, very high” risks for a US recession. “If I were running a big company, I would be very …

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Musk’s ‘bizarre tweet’ is the latest reminder that retail investors eyeing Twitter should proceed with caution

If you recently gobbled up Twitter TWTR, -9.67% stock on the news that Elon Musk would be paying $54.20 a share to acquire the social media company and take it private, Friday the 13th is living up to his reputation. Just know that investing experts have been urging caution all along for anyone eyeing potential …

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Affirm stock soars 34% after earnings ‘put to bed some persistent bear themes’

Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and sought to reassure investors about its positioning in a downturn. Revenue at Affirm AFRM, +23.31% increased to $354.8 million in the fiscal third quarter from from $231 million a year before, while analysts had been …

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Unity Software loses $5 billion in market cap after Apple’s changes lead to ‘self-inflicted wound’

Unity Software Inc. executives thought they had found a way to avoid fallout from changes in Apple Inc.’s mobile operating system. It turns out they were wrong, and Wall Street punished Unity U, -37.05% stock for it Wednesday. Shares shed more than a third of their value, worth roughly $5 billion in market capitalization, and …

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