SoFi (SOFI) is down 52% from its highs, indicating significant losses.
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Do NOT waste this crash‼️
The creator discusses the current stock market downturn, highlighting significant drops in major tech stocks and other companies. He emphasizes that despite the volatility, this presents an opportunity for long-term investors to buy great companies at attractive valuations. He also touches on macroeconomic factors like potential recession and inflation, and contrasts the views of Wall Street analysts with his own long-term investment strategy. The creator also promotes a 50% off sale for his investment software suite, ThousandX.
Linked Mentions
Tickers discussed in this post
AMD (AMD) is highlighted as a strong performer, holding up well and poised for an 'insane run' once the market stabilizes.
Netflix (NFLX) is down 30% from its highs, reflecting market pressure on streaming services.
Oracle (ORCL) has fallen 59% from its highs, showing substantial losses.
Salesforce (CRM) is down 51% from its highs, indicating significant losses.
Palantir (PLTR) is down 31% from its highs, though its defense sector ties offer some support.
Adobe (ADBE) is down 66% from its highs and is considered a great deal.
Amazon (AMZN) is considered a good long-term buy opportunity, with a forward P/E of 25, despite potential recessionary impacts.
Snowflake (SNOW) is down 45% from its highs, presenting a significant drop.
American Express (AXP), a high-quality company, is down 12.8% over the past month.
Visa (V), typically a very stable stock, is down a little less than 7% over the past month.
Wells Fargo (WFC) is down over 10% in the past month, mirroring weakness in other major banks.
Bank of America (BAC) is down over 10% in the past month, reflecting concerns in the banking sector.
JPMorgan Chase (JPM) is down almost 8% in the past month, indicating pressure on the financial sector.
Abbott Laboratories (ABT) is down 10-12% in the past month, showing broad market weakness.
Eli Lilly (LLY) has seen a 14% decline in the past month, impacting even strong healthcare names.
Procter & Gamble (PG) is down almost 13% in the past month, indicating broad market pressure on consumer staples.
Monster Beverage (MNST) has experienced a sharp decline of 17% over the past month.
Coca-Cola (KO) is down 6% in the past month, showing a rare dip for the typically stable company.
Home Depot (HD) is down over 14% in the past month, indicating weakness in the home improvement sector.
Chipotle (CMG) has seen a significant drop of 19% over the past month.
Starbucks (SBUX) is down 11-12%, reflecting a downturn in the consumer discretionary sector.
McDonald's (MCD) is down 8-12%, indicating a broad market impact on even established consumer staples.
Tesla (TSLA) has fallen over 11% in the past month and continues to decline after the creator cashed out of a hedge.
Meta (META) is a top long-term buy recommendation, with a forward P/E of 17, despite potential short-term headwinds.
Alphabet (Google/GOOGL) is identified as a potential long-term buy opportunity due to its significant price drop and future potential.
Apple (AAPL), usually a resilient stock, has also been significantly impacted, down almost 9% in the past month.
Micron (MU) is described as a commodity company with currently high, but unsustainable margins.
Nvidia's (NVDA) margins are considered unsustainable, and increased competition from AMD and custom chips could pressure its pricing.
Microsoft (MSFT) is now considered a buy due to its significant 34% drop from highs and compelling valuation.
FuboTV (FUBO) attempted to rally but ultimately finished the day in the red.
ServiceNow (NOW) is experiencing continued declines, typical of many software stocks in the current market.
Celsius Holdings (CELH) is down almost 5% today, despite its previous strong performance.
Bath & Body Works is down about 6%, showing weakness in the retail sector.
Robinhood (HOOD) is down over 6%, reflecting the general market decline.
Hovnanian Enterprises (HOV) is down over 7% today, indicating significant weakness.
ELF Beauty has experienced a significant drop of almost 9% today, adding to its already substantial losses.