Shares of South Korean e-commerce company Coupang (NYSE: CPNG) were racing 12.2% higher today as of 11:55 a.m. ET. Stock analysts at Morgan Stanley and Credit Suisse were both waxing bullish on the company this week. The latest note came from Credit Suisse, which said in a research note that a slowdown in consumer spending is already priced into the stock at this point.
The tech-heavy Nasdaq Composite index has plunged 28% year to date, even after the largely positive week of trading on July 20-24. Apple (NASDAQ: AAPL), Coupang (NYSE: CPNG), and Airbnb (NASDAQ: ABNB) have all fallen to the point where shares are begging to be bought, and with these three stocks, investors should consider doing just that. Apple might not excite many investors because of its $2.25 trillion market cap, especially considering its saturation in the smartphone space.
(Bloomberg) -- SoftBank Group Corp. founder Masayoshi Son is used to praise and encouragement from shareholders. But the company’s loss of $34 billion in market value over the last year is a test for even his most faithful admirers when they gather for the annual shareholders’ meeting on Friday.Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptTesla Cuts 200 Autopilot Workers as California Site ClosesRussia Slips Into Historic Default as Sanctions Muddy Next StepsS&P 500 S