|Bid||59.56 x 1000|
|Ask||59.70 x 900|
|Day's Range||55.68 - 59.88|
|52 Week Range||55.17 - 350.60|
|Beta (5Y Monthly)||1.68|
|PE Ratio (TTM)||50.47|
|Earnings Date||Nov 01, 2022 - Nov 07, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||80.96|
Shares of e-commerce platform provider Shopify (NYSE: SHOP) rose as much as 3.2%, semiconductor specialist Nvidia (NASDAQ: NVDA) jumped as much as 3.7%, and streaming video pioneer Roku (NASDAQ: ROKU) surged as much as 4.3%. The latest report on manufacturing data provided investors with the excuse they were looking for to buy shares of beaten-down technology stocks. The Manufacturing Purchasing Managers Index (PMI) came in at 50.9%, down from 52.8% in August.
Local experiences, streaming TV, and designer goods may not seem like recession-resistant industries, but these stocks at new lows have more to offer than you may think.
As they enter the final quarter of calendar year 2022, many investors are probably wondering when the sell-off will end. This year has tested the patience of even the most experienced investors as the tech-heavy Nasdaq Composite is down over 30% from its all-time high while the S&P 500 remains down over 20%.