SHOP - These 2 Incredible Stocks Just Went on Sale - Here's Why You Should Take a Closer Look
2024-05-12 07:11:00 ET
We're almost finished with the first quarter's earnings season, and there have been quite a few surprises -- some to the upside and some to the downside. When it comes to the latter, there's a difference between deteriorating business fundamentals and producing weaker-than-expected results because of temporary headwinds.
With that in mind, here are two excellent examples of companies facing temporary issues whose stocks plunged after their first quarter earnings reports.
One common theme we've seen this earnings season is companies reporting strong first quarter numbers, but issuing weak forward guidance that causes the stock to drop. And that's exactly what happened with e-commerce platform Shopify (NYSE: SHOP) .
For further details see:
These 2 Incredible Stocks Just Went on Sale – Here's Why You Should Take a Closer Look