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Monday Morning Stock News Alert: No U.S. Stagflation
From Glut to Growth: Charting the Path of the Rising Lithium Market Previous Articles Subscribe to Get Small Cap News & Alerts Chris Lau – Monday, May 6, 2024 Monday’s Bearish Stocks: Expedia, Fortinet, Paramount, and Cloudflare
Travel website firm Expedia (EXPE) lost 15% last Friday after it cut its guidance. CEO Peter Kern said that Vrbo is dragging results, forcing the firm to lower its full-year top-line growth in the mid to high single-digit percentage.
In the cybersecurity sector, watch Fortinet (FTNT). It might continue its downtrend after falling by 9.69% last Friday. It closed at $58.88 after posting revenue growth of 7% Y/Y to $1.35 billion. In Q2, revenue will top up to $1.435 billion. The firm raised its full-year…
