ProShares UltraPro 3x Crude Oil ETF
Netflix, Alteryx, and Okta Lead Tech Losses Today
In the September quarter, Netflix sales rose 30% to $5.2 billion. The company’s sales were marginally below the estimates of $5.3 billion.
TTD, OKTA, NOW, and TWLO Lead Tech Losses Today
High-growth tech firms have lost significant market value in the first half of October. TTD, NOW, OKTA, and TWLO are all trading lower today.
CRWD Tanks 9.5% after Citi Initiates Coverage with ‘Sell’
CrowdStrike (CRWD) fell 9.5% today to close at $54.52. Analyst Walter Pritchard initiated coverage on CRWD with a “sell” rating and a target price of $43.
Snap Stock Is in Free Fall: What’s Ahead?
Following a five-day slide, Snap fell over 4% on Thursday at 11:24 AM EDT. However, Snap stock has gained 186.75% year-to-date.
Overvalued Tech Stocks Lose Market Value Again Today
Overvalued tech stocks such as Alteryx and Twilio lost market value yesterday. They’re also sliding today as investors are wary about valuations and growth.
Overvalued Tech Stocks Have Taken a Beating Today
The Technology Select Sector ETF (XLK) has fallen 0.8% on the day. Several tech stocks are trading in the red, particularly the overvalues stocks.
Can Investors Expect a ‘Black Monday’ Tomorrow?
Tech and semiconductor stocks have significant exposure to China during this trade war. Investors should expect these stocks to trade lower on Monday.
How Long Can Alteryx Continue to Crush the Market?
Data science and analytics company Alteryx has been on an absolute tear. The stock was listed in March 2017, and it’s up a whopping 800% since then.
Tech Stocks: Are They Attractive after Recent Pullback?
Tech stocks led the sell-off. Investors have been concerned about a slowdown in tech spending after NetApp’s preliminary guidance on August 2.
What’s ServiceNow’s Valuation?
ServiceNow is slated to achieve GAAP profitability in fiscal 2020, and the company has a forward 2020 PE ratio of 265x.