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7investing lead advisors Anirban Mahanti and Matthew Cochrane are joined his week on the podcast by Alex Morris to discuss 7 former market darlings that have fallen significantly.
Earlier this summer, 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 had fallen from their heights to determine whether these companies were permanently wrecked or due for a rebound.
While the market has rallied from its lows, the S&P 500 index is still in a correction, down 11% from its all-time high. The Nasdaq Composite has fared worse, and is in bear market territory, down more than 20% 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:
Airbnb (NASDAQ:ABNB)
Cloudflare (NYSE:NET)
Meta Platforms (NASDAQ:META)
Comcast (NASDAQ:CMCSA)
Shopify (NYSE:SHOP)
Twilio (NYSE:TWLO)
Walt Disney (NYSE:DIS)
Watch or listen now to see how these companies fared under scrutiny.
