Investors who missed out on the AI stock boom will feel the Fear Of Missing Out (“FOMO”). Fortunately, the stock market offers a wide range of stock to buy daily.
On the value front, drugstore firm Walgreens Boots Alliance (WBA) may continue from Tuesday’s rally. WBA stock gained 6.34% as bargain hunters bet that the worst is over. Investors expect Walgreens to post quarterly results on June 27, 2024. In Q2, the firm posted quarterly sales rising by 6.3% Y/Y to $37.1 billion.
Among the speculative stock ideas, watch Root Inc. (ROOT). The online automobile insurance firm traded above $80 before falling steadily. Traders compare Root stock to Lemonade (LMND), whose shares are trading flat in 2024.
Bumble (BMBL) fell by around 5%, closing at $10.08. The online dating site struggles to pivot its business to attract more subscribers. Match (MTCH) is also struggling. Shares risk breaking below $30.00 as investors lose patience with its turnaround plans.
In the fintech segment, PayPal (PYPL) shares broke down below $60. For several months, the online payments firm fought the heavy selling pressure at $60 - $65. It closed at around $59. Markets are fearful that Apple’s (AAPL) renewed focus on its Apple Pay will hurt PayPal’s profit margins and customer growth. Apple is also shifting its borrowing services to third parties including Affirm (AFRM).
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