Teladoc loses $3 billion in three months, stock plummets 24%

Teladoc loses  billion in three months, stock plummets 24%

Shares of Teladoc Health Inc. plunged more than 24% in after-hours trading Thursday after the telehealth company took another multibillion-dollar impairment charge, helping to bring its total losses for the first six months of the year up to nearly $10 billion. Teladoc TDOC, +7.59% executives disclosed a $3.0 billion goodwill impairment charge during the second … Read more

Cathie Wood says market is pretty close to a bottom, tech stocks will hit trough and recover first

Cathie Wood says market is pretty close to a bottom, tech stocks will hit trough and recover first

Ark Invest’s Cathie Wood said Tuesday technology stocks will hit the bottom before the broader market, repeating a historical trend from past crises. In the wakes of the dot-com bubble and 2008 financial crisis, the tech-heavy Nasdaq Composite hit its trough months before the S&P 500 did and therefore recovered first. The innovation-focused investor believes … Read more

FAANG stocks plus Microsoft lost $ 1.4 trillion in market value during April

FAANG stocks plus Microsoft lost $ 1.4 trillion in market value during April

On another difficult Friday afternoon for the stock market, the broad US indexes ended with significant declines. One element that stood out during such a rough year for technology stocks was that the FAANG group (Facebook holding company Meta Platforms Inc. FB, -2.56%, Apple Inc. AAPL, -3.66%, Amazon.com Inc. AMZN, -14.05%, Netflix Inc. NFLX, -4.59%, … Read more

The market just posted an unhealthy AOL-Time Warner bubble comparison

The market just posted an unhealthy AOL-Time Warner bubble comparison

A Teladoc rolling telehealth cart that allows physicians to meet with their patients remotely, on October 8, 2021. Newsday Llc | Newsday | Getty Images This week’s earnings details have included some big-name reckonings with the value of high-growth, high-tech – and high-risk – companies. Ford and Amazon writing down stakes in electric vehicle maker … Read more

5 things to know before the stock market opens Thursday, April 28

5 things to know before the stock market opens Thursday, April 28

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures soar as stocks look to get back on track The Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Nasdaq futures bounced nearly 2% on Thursday, boosted by a 14% pop in … Read more

After the latest market wreck, here’s how we decide what stocks to buy now

After the latest market wreck, here’s how we decide what stocks to buy now

Traders work on the floor of the New York Stock Exchangein New York, US, on Tuesday, March 15, 2022. Michael Nagle | Bloomberg | Getty Images Bargains are addictive. During my teenage years in Boston, my friends and I would frequent Filene’s Basement, rummaging through tables piled high with designer clothes, scavenging for amazing items, … Read more

Jim Cramer likes most of top holdings in Cathie Wood’s Ark Innovation ETF

Jim Cramer likes most of top holdings in Cathie Wood’s Ark Innovation ETF

CNBC’s Jim Cramer on Tuesday broke down the top holdings in star money manager Cathie Wood’s Ark Innovation ETF, saying he likes the setup in most of the closely followed fund’s largest positions. “Right now, I’d rather own than sell almost the entire … Cathie Wood portfolio,” the “Mad Money” host said. “These growth stocks … Read more