Last week, three stocks fell big to categorize them on the sale list. Weak stock markets and a weaker cryptocurrency one hurt Robinhood (HOOD). Shares lost nearly 10%.
Robinhood might face lower crypto trading volume amid a drop in Ethereum (ETH-USD), Dogecoin (DOGE), and Bitcoin (BTC-USD) prices. Smaller crypto like LIF3 fared worse. It lost 69.2% of its value in the last year. Confident traders did not anticipate the downtrend. BTC prices broke down after Oct. 7. Instead of the usual snap-back, selling momentum accelerated since then.
Coinbase (COIN) faces the same headwinds as Robinhood. The stock crossed around $400 in July and again in October. Each time, sellers emerged. On November 21, Coinbase said it would buy Vector. This is an on-chain trading platform built on Solana (SOL-USD). This adds to its one-stop shop for everything on-chain, according to Coinbase.
COIN stock lost 15% last week.
Uber lost 8.5% last week for no reason. Valuations are fair. On Nov. 20, Uber and Starship Technologies announced a partnership to deploy autonomous robots for last-mile deliveries. They have a range of up to two miles and may complete deliveries in under 30 minutes.
Uber is an attractive growth story. It has strong profit growth prospects as its secular growth story plays out globally.
