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" ... In an interesting twist, Beyond Meat’s (BYND) shares are getting taken out to the woodshed, falling more than 18% premarket, despite the company reporting its first-ever quarterly profit and beating expectations on its top and bottom lines. The lockup period for IPO investors expires today, so it seems that some may be cashing out on the company’s strong stock performance since going public. ... "
" ... Last time around, Amazon’s shares got taken out to the woodshed after earnings per share missed third-party consensus expectations, the company’s guidance disappointed, and its cloud business revenue came up short of Wall Street projections. ... "
" ... Some of last year’s “darling” sub-sectors and stocks, including most of the semiconductor companies, continue to get taken to the woodshed. The PHLX Semiconductor Sector Index (SOX) is down about 11% year-to-date. Consider staying tuned on March 25 when Micron (MU) becomes the first major semiconductor company to report earnings. It could be very interesting to hear what executives have to say about their supply chain. Nike (NKE) reports earlier that week and can hopefully give insight into the consumer. ... "
" ... The monthly payrolls report this coming Friday looms large after February’s report showed 273,000 jobs created. A number like that is probably going to be hard to envision for a long time moving forward as the economy takes a trip to the proverbial woodshed. Last week’s initial unemployment claims were potentially just the start. ... "
" ... The selloff in COMP was more broad-based than we’ve seen in a while, with even some stay-at-home stocks like Zoom (ZM) getting taken to the woodshed. The semiconductors didn’t get left out, either, and Intel (INTC) got chopped 13% after the close as their earnings guidance for Q3 came in a bit weaker than Wall Street had expected. The Q2 numbers looked pretty good, though. ... "