Oversold global stocks that analysts think are ripe for a rebound

Market watchers have been reluctant to call the bottom on the sell-off in global stocks this year, but some assets are now looking oversold – and could be ripe for a bounce. The stock market has tumbled into a bear market in the first half of this year amid fears that an overly aggressive rate … Read more

Snap warning shocks digital media stocks; Facebook, Pinterest drop

Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, and stock prices were … Read more

Snap plunges after CEO warns company will miss on earnings, revenue

Snap shares plunged 30% in extended trading on Monday after CEO Evan Spiegel warned in a note to employees that the company will miss its own targets for revenue and adjusted earnings in the current quarter. The social media company will also slow hiring through the end of the year as it looks to manage … Read more