Why Fiverr, Beyond Meat, & CrowdStrike Stock Defied the Uber IPO Curse

By CCN Markets: The Uber and Lyft IPOs went absolutely nowhere, despite enormous hype and anticipation. Since then, other IPOs from lesser-known companies like Fiverr, CrowdStrike, and Beyond Meat have soared. Why are these stocks getting the love when the long-anticipated Uber and Lyft IPOs flamed out in spectacular fashion? There are different reasons for …

Tesla’s Stock Could Follow in Footsteps of a High-Flying Tech Play: Analyst

By CCN Markets: On CNBC, analyst Eddie Yoon of a think tank called “EddieWouldGrow” overlaid a chart of Netflix from 2011-13 onto Tesla’s chart since January. Will Tesla behave like Netflix? | Source: CNBC Gosh, those charts look so similar. Maybe Tesla’s stock will do the same thing as Netflix’s stock and make a huge comeback. …

Dow Futures Bleed Out as Morgan Stanley Rings Recession Alarm

By CCN Markets: Dow Jones futures extended losses in early trading Wednesday after Morgan Stanley cautioned investors over a possible recession. Even with Federal Reserve rate cuts on the horizon in July, Morgan Stanley equities strategist Michael Wilson warned it might be too little, too late to prevent a recession. “Fed could cut as soon …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Dow Shoots North But Hedge Fund Pro Warns of 40% Stock Market Crash

 By CCN: The Dow overcame a worrisome jobs report to shoot higher on Friday, as the US stock market plowed ahead toward its best week since November 2018. However, one hedge fund legend warns that if Donald Trump fails to mount a successful reelection campaign, his successor could trigger a brutal 40% stock market crash. …

Beyond Meat’s Stock Will Kill Your Portfolio

By CCN: In yet another example of the ongoing irrational exuberance in the stock market, Beyond Meat soared 15% in after-hours trading to $115 after its first post-IPO earnings report. Or rather, its first post-IPO loss report. Once again, the stock market insists on valuing money-losing businesses in the billions of dollars. Beyond Meat Stock Price …

This Stock Market Lifeline Could Come from a Surprising Place: Australia

By CCN: The U.S. stock market struggled for much of the past month, sending the S&P 500, Dow Jones, and Nasdaq lower amid a rapidly-intensifying U.S.-China trade conflict. However, a growing number of equity strategists expect the Federal Reserve to slash its benchmark interest rate, and the impetus for that policy shift could come from …

Forecast Darkens as BA Plunges Toward 5-Month Low

By CCN: If you thought things couldn’t get any worse for Boeing stock (BA), you were very, very wrong. After weeks of constant scrutiny, the aerospace giant’s 737 MAX aircraft has suffered another brutal setback, and it sent the Dow’s largest component careening toward a five-month low. Boeing Stock Bears Brunt of 737’s Safety Failures …

How Trump Created a $5 Trillion Stock Market Crisis

 By CCN: The Dow recoiled on Friday after President Trump dragged the United States into a trade conflict with Mexico, wreaking havoc on an already-fragile stock market. As Wall Street buckles up for yet another tariff-induced shellacking, equities analysts warn that Trump’s trade war tab is coming due, and the cost already adds up to …