Motley Fool Hidden Gems Investing Jobs, Rate Hike, Stocks on Sale
May 6, 2022
Malcolm Ethridge, a certified financial planner and host of The Tech Money Podcast, shares his insights on the recent Nasdaq selloff and the challenges within commercial real estate. He highlights the rocky terrain for e-commerce giants like Etsy and Shopify, while celebrating the resilience of travel stocks like Booking Holdings and Marriott. Ethridge also teases his upcoming book focusing on financial wisdom for young professionals, discussing critical investment principles amidst the current market turbulence.
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Block's Performance
- Block (formerly Square) saw overall revenue decline, but growth remains strong excluding Bitcoin revenue.
- Their Cash App and Square businesses continue to perform well.
Under Armour's Struggles
- Under Armour's weak first-quarter results and supply chain problems led to a stock decline.
- Their stock hit an 11-year low amidst weak guidance and reduced demand.
Starbucks' Performance
- Despite suspending guidance due to uncertainty in China, Starbucks saw strong U.S. same-store sales growth.
- New CEO Howard Schultz focuses on adapting to a hybrid economy and digital initiatives.