The Latest Breaking News from Wish

Following the release of lower-than-expected CPI data for November, the Fed raised the interest rate by 0.5%, as expected. However, the central bank indicated it would keep raising rates next year. Since the rising rates could slow the economy and keep the market volatile, avoiding fundamentally weak stocks Boeing (BA),…

Products have been recalled due to the possible presence of silica beads, undeclared allergens, or risk of choking among other reasons

Following the pandemic-induced disruptions, the importance of the Internet and the companies offering their services over the Internet has grown exponentially. However, not all companies in the internet industry have shown resilience amid the macroeconomic challenges this year. Investors should steer clear of fundamentally weak internet stocks Snap (SNAP), ContextLogic…

As the Fed battles sky-high inflation with aggressive rate hikes, the market is fuming with recessionary concerns. Moreover, consumer confidence has been declining amid the slowdown in the global economy. Thus, it could be wise to steer clear of fundamentally weak stocks Marvell Technology (MRVL) and ContextLogic (WISH). Read more.

Michael Carr claimed he thought the weapon was a torch and bought it off online site Wish

Shares of ContextLogic (WISH) have had a free fall this year, with the stock declining more than 75% year-to-date, dipping below the $1 mark. The company is expecting its growth to take a hit this year. Investors who had invested in the stock looking for a rebound must be repenting…

Stock market volatility is rife amid the Fed’s hawkish monetary policy stance and widespread recession fear. Analysts have warned of a global recession by mid-2023. Given the market turmoil, we think investors should cash out of Payoneer Global (PAYO), ContextLogic (WISH), LL Flooring (LL), and Mullen Automotive (MULN), which have…

ContextLogic (WISH) has lost more than 75% year-to-date and is trading near its 52-week low of $0.70. Moreover, the company has been witnessing declining revenues. Considering its bleak fundamentals, this penny stock is best avoided despite its cheap price tag. Keep reading….

The Fed's hawkish monetary policy approach has significantly impacted investors' confidence this year. Moreover, with the Fed indicating more rate hikes in the coming months, the stock market is expected to remain under pressure in the near term. Therefore, we think it could be wise to avoid fundamentally weak stocks…