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.
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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.