The Latest Breaking News from Wish

The internet industry is well-positioned for rapid growth with the rollout of 5G and increased government initiatives to promote the use of satellite internet. Hence, to capitalize on the industry's growth prospects, fundamentally sound internet stocks Yelp (YELP) and trivago (TRVG) could be wise additions to your portfolio. However, Farfetch…

The labor market showing resilience indicates more rate hikes ahead. And the Fed’s prolonged interest rate hiking cycle is raising the odds of a recession in 2023. Amid the weakening economic outlook, fundamentally bleak stocks Coinbase Global (COIN), Equinox Gold (EQX), Tellurian (TELL), ContextLogic (WISH), and Rent the Runway (RENT)…

Shares of ContextLogic (WISH) have had a free fall this year, with the stock declining more than 77% year-to-date. Although the stock is trading at a discount to its peers, the uncertain macroeconomic conditions add further gloom to the company’s growth prospects. So, will it be wise to invest in…

Although inflation eased slightly last month, the Fed has indicated a higher-than-expected final level of interest rates. This is expected to keep the high-growth Internet stocks under pressure in the upcoming months. Thus, it could be wise to sell fundamentally weak internet stocks Snap (SNAP), IAC Inc. (IAC), Zhihu (ZH),…

Once investor favorites DoorDash (DASH), Teladoc Health (TDOC), SoFi Technologies (SOFI), and ContextLogic (WISH) have fallen significantly due to their poor fundamentals and growth prospects amid the Fed’s aggressive interest rate hikes this year. With lingering recession fears, these stocks are expected to tumble further. Thus, it could be wise…

Following the pandemic-induced disruptions, the importance of the Internet and the companies offering their services over the Internet has grown exponentially. However, not all companies in the internet industry have shown resilience amid the macroeconomic challenges this year. Investors should steer clear of fundamentally weak internet stocks Snap (SNAP), ContextLogic…

As the Fed battles sky-high inflation with aggressive rate hikes, the market is fuming with recessionary concerns. Moreover, consumer confidence has been declining amid the slowdown in the global economy. Thus, it could be wise to steer clear of fundamentally weak stocks Marvell Technology (MRVL) and ContextLogic (WISH). Read more.

Michael Carr claimed he thought the weapon was a torch and bought it off online site Wish

Shares of ContextLogic (WISH) have had a free fall this year, with the stock declining more than 75% year-to-date, dipping below the $1 mark. The company is expecting its growth to take a hit this year. Investors who had invested in the stock looking for a rebound must be repenting…