👇 End of Day Monday, 7 NOV 22, the S&P & Nasdaq 52-Week Lows: $TSLA, $CVNA, $NET, $MDB, $S

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Zombie Watchlist: $CVNA Hits New All-Time Low, Trading In Stock Temporarily Halted

https://finance.yahoo.com/news/carvana-stock-crushed-185200696.html Shares of the online car retailer fell 50% over the past two full trading sessions and were dropping another 18% in early trading on Monday as Wall Street questioned the company’s business model after a mixed third quarter. Carvana swung to an adjusted operating loss of $186 million compared to a $9 million profit a year ago. Execs told analysts on a conference call they were preparing for a “difficult” year ahead, which didn…

Nasdaq closes at 2-year low on Monday, hurt by slumping chip stocks

Stocks closed lower on Monday with the Nasdaq Composite index falling to the lowest level in two years as tech shares continue to be the hardest hit in this bear market because of spiking interest rates.

The Nasdaq Composite closed 1.04% lower at 10,542.10, hitting its lowest close since July 2020, weighed down by a slump in semiconductor stocks such as Nvidia and AMD. The S&P 500 also fell 0.75% to 3,612.39, dragged down by semi stocks and dips in major tech names like Microsoft, while the Dow Jones Industrial Average shed 93.91 points, or 0.32%, to close at 29,202.88.

The declines came as JPMorgan CEO Jamie Dimon warned that the U.S. would likely fall into a recession in 2023, and that it may not be just a mild economic contraction as some economists have projected.

$NET daily, weekly, and monthly charts

$NET thread from Saul’s board:

Datadog may report a poor ER based on AWS and Azure results

Today, Amazon just posted probably the worst earning report in the recent several years. Besides the commerce business experiencing headwinds, AWS revenue only grew 4% sequentially and 27% YoY (28% if adjusted for consistent currency). Azure’s growth trend was better but was also slowing down, based on Microsoft’s recent earning report. Because Datadog’s main business is to provide infrastructure monitoring and Datadog’s revenue model is based on usage, Datadog’s revenue should has strong posit…

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The $U daily, weekly, and monthly charts showing the new 52-Week Low

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**$S (Sentinel One) daily, weekly, and monthly charts. Note: $S is not only a new 52-Week Low, but this hit an All-Time Low on 7 NOV 22:

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$BUG (Global X Cybersecurity ETF) daily, weekly, and monthly charts