The breakdown in individual stock holdings continued on Thursday. They might join the likes of Fiserv (FI), Robert Half (RHI), and Deckers Outdoor (DECK). Their share price fell by around 25% to over 40% in the last month.
DoorDash (DASH) lost 17.45% to close at $196.46 yesterday. The company reported Q3 GAAP earnings of $0.55 a share. Revenue grew by 25.5% Y/Y to $3.4 billion. Investors did not react well to the higher short-term expenditures in the next year. It needs to invest in its global platform to sustain its competitiveness.
Adding an AI native setup will not come cheap. The architecture, agent workflows, and software testing will add to its costs.
Elf Beauty (ELF) shares collapsed by 35% on Nov. 6. It trades at prices not seen since May. Unfortunately, its $1 billion purchase of a celebrity-branded company, Rhode, is not working out. A downturn in the economy, led especially by weak job markets, might hurt demand for elf’s products.
Gaming developer Take-Two Interactive (TTWO) will break below its $250 trading range. The stock might close down by 6.5% today. Last night, it reported a 31.1% Y/Y increase in revenue, to $1.77 billion ($0.73 in EPS).
TTWO stock is under pressure after it forecast a fiscal year net loss of between $349 million and $414 million. Stock-based compensation will account for $356 million in costs. TTWO stock trades at a premium. Avoid this stock for now, as markets await its Grand Theft Auto game release.
