2024-05-09 07:31:28
All the data says the economy is "strong" while:
1. Starbucks stock, $SBUX, fell 20% after reporting a 6% drop in traffic
2. Uber stock, $UBER, fell 10% after reporting a net loss
3. Shopify stock, $SHOP, fell 20% after issuing weak guidance
4. Netflix stock, $NFLX, fell 10% after reporting a weaker outlook for Q3 2024
5. Doordash stock, $DASH, fell 15% after reporting a $21 million loss
6. CVS Pharmacy stock, $CVS, fell 17% after net income fell by 50%
7. Etsy stock, $ETSY, fell 11% after reporting weak earnings due to the "macroeconomy"
8. EBay stock, $EBAY, fell 5% after reporting weaker guidance
@FinancialWorldUpdates
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