Previous Close | 35.80 |
Open | 31.25 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 310.00 |
Expire Date | 2023-06-16 |
Day's Range | 31.25 - 35.80 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock...
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades for Snowflake, MongoDB , Digital Turbine, and Annexon. Snowflake (NYSE:SNOW) was downgraded at two Wall Street firms after reporting its Q1 earnings, resulting in a share price drop of more than 16% yesterday, as InvestingPro reported in real-time. While Q1 results came in better than expected, the company’s outlook disappointed investors.
Database company MongoDB (NASDAQ: MDB) didn't end the week well, with its stock declining by 5% on a Friday when the S&P 500 index basically traded sideways. The first of the two was actually a price-target raise on MongoDB stock. This trigger was pulled by Citigroup's Tyler Radke, who upped his level considerably; it's now $363 per share from the previous $290.
Next-generation database specialist MongoDB (NASDAQ: MDB) was an outlier stock on Monday. With its ascent, MongoDB's stock trounced the S&P 500 index, which could only muster a 0.3% gain. Well before market open that day, Barclays prognosticator Raimo Lenschow pulled that trigger.
The state of the overall economy has clearly been the primary driver of the stock market over the past year or so, as high inflation and the Federal Reserve Bank's campaign of interest rate hikes have taken center stage. Investors are still holding out hope for a so-called "soft landing," with the economy avoiding a recession. With that as a backdrop, CrowdStrike (NASDAQ: CRWD) climbed 2.3%, Cloudflare (NYSE: NET) rose 3.1%, and MongoDB (NASDAQ: MDB) jumped 5.2%, as of 1:42 p.m. ET on Wednesday.
Market watchers and the Federal Reserve alike have been watching closely for signs of an impending recession, and while talk of a mild downturn has increased in recent weeks, investors have been hopeful for a so-called "soft landing," with the economy sidestepping a recession. With that as a backdrop, Cloudflare (NYSE: NET) rose 5.2%, Snowflake (NYSE: SNOW) climbed 8.1%, MongoDB (NASDAQ: MDB) jumped 11.2%, and Datadog (NASDAQ: DDOG) rallied 14% as of 11:10 a.m. ET on Wednesday.
First, I'll give you a taste of The Trade Desk (NASDAQ: TTD), an adtech company that helps advertisers place their ads across various media channels. What sets The Trade Desk apart is its self-service platform that uses algorithms to select the best location for an ad. Companies are expected to spend a whopping $348 billion on advertising in the U.S. alone in 2023, giving The Trade Desk a tremendous opportunity to benefit from this growing market.
Shares of MongoDB (NASDAQ: MDB) were moving higher today after the database software specialist got an analyst upgrade, and seemed to benefit from a weaker-than-expected inflation report. As a result, the stock was up 10.2% as of 12:10 p.m. ET on Wednesday. Morgan Stanley upgraded its rating on MongoDB from equal weight to overweight after a survey showed that 73% of respondents are actively engaged with cloud optimization initiatives, which the analyst sees as an opportunity for MongoDB to gain market share and pivot to profitability.
For a new bull market to begin, the Nasdaq Composite index must rise at least 20% above its low set on Dec. 28, 2022. No hype or exaggeration is required to realize that a new Nasdaq bull market is nearly here. Axsome's launch of Auvelity in treating major depressive disorder is off to a solid start.
In a curious turn of events, even high-growth software stocks sold off on recession fears following CrowdStrike's analyst day.
Investors looking to buy growth stocks can consider adding MongoDB and Payfare to their shortlist in April 2023. The post 2 Growth Stocks I’d Buy With a $6,500 TFSA Contribution appeared first on The Motley Fool Canada.
A Nasdaq bull market is still in sight. Amazon (NASDAQ: AMZN) stock is already in a bull market of its own. The best news for Amazon over the near term is that its profitability should improve significantly.
After a big drop, interest rates are rising again as the government and large banks look to stabilize the financial system.
A bull market is coming. The stocks that tend to perform the best in a new bull market are those with strong businesses and outstanding growth prospects. Here are three unstoppable stocks to buy before the next bull market.
What happened A deep analyst price target cut led to a steep decline in MongoDB's (NASDAQ: MDB) value on the last trading day of the week. The database specialist saw its share price erode by over 7%; even the under-pressure S&P 500 index did better, with a relatively benign 1.
The database company is coping with a tough economy and sluggish consumption on its Atlas cloud platform.
MongoDB ( NASDAQ:MDB ) Full Year 2023 Results Key Financial Results Revenue: US$1.28b (up 47% from FY 2022). Net loss...
Stocks fell sharply on Thursday as worries over the banking sector and a looming jobs report pressured markets during a day of relentless selling for U.S. socks.
Shares of database software company MongoDB (NASDAQ: MDB) pulled back on Thursday after the company reported financial results for the fourth quarter of its fiscal 2023. It appears investors are more concerned with forward guidance than completed financial results, leading to an 8% drop for MongoDB stock today, as of 12:45 p.m. ET. Last quarter, MongoDB's management said to expect Q4 revenue of $334 million to $337 million and to expect adjusted income from operations of $6 million to $8 million.
Yahoo Finance Live’s Julie Hyman breaks down the decline in stock for MongoDB.
The Dow Jones Industrial Average (DJINDICES: ^DJI) wasn't quite able to get back to even for the day, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) enjoyed modest gains. MongoDB (NASDAQ: MDB) reported financial results that didn't live up to high expectations from the cloud stock's shareholders, while Silvergate Capital (NYSE: SI) announced what could be the final chapter in a saga that has seen its share price plunge more than 97% from its best levels of the past year. Shares of MongoDB dropped 9% in after-hours trading late Wednesday afternoon.
The U.S. equity market has been in bearish territory since early 2022. The personal consumption expenditures price index (PCE, Federal Reserve's preferred inflation metric) increased by 5.4% year over year in January 2023, after several months of year-over-year decline. This may further pressure the Federal Reserve to hike interest rates, which could prove to be a major downer for the stock market.
Interest rates backed off near-term highs and Costco management said inflation was abating, leading to a bounce in growth stocks.