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Anirban and Matthew were joined by Alex Morris, creator of the TSOH Investment Research Service, to look at seven former market darlings that have taken severe dives from their former heights.
For the third time in recent months, 7investing lead advisors Anirban Mahanti and Matthew Cochrane were joined by Alex Morris, the creator of the TSOH Investment Research Service, to look at seven former market darlings that have taken severe dives from their former heights. Their mission? To determine whether these companies were permanently wrecked or due for a rebound.
The S&P 500 index is still flirting with bear market territory, down 18% from its all-time high. The Nasdaq Composite has fared worse and is down more than 30% from its peak. Given the state of the market and number of macro issues facing the economy, Cochrane, Mahanti, and Morris once again team up to look at seven stocks that are still down significantly from their all-time highs.
With help from our friends at Ycharts, the seven companies that the trio looks at this time around are (in the order they’re discussed on the show):
Ally Financial (NYSE:ALLY)
Domino’s Pizza (NYSE:DPZ)
ServiceNow (NASDAQ:NOW)
Five Below (NASDAQ:FIVE)
Amazon.com (NASDAQ:AMZN)
Tesla (NASDAQ:TSLA)
Netflix (NASDAQ:NFLX)
Watch or listen now to see how these companies fared under scrutiny and whether the crew believes these companies are wrecks or rebounds.
