Many stocks still down 50-90% from 2021 highs.
Posted: Dec 05, 2024
- Discussing stocks that reached highs in 2021 and are now at lows
- Companies mentioned: ROKU, ETSY, RIVN, ZM, MNMD
- Revenues of these companies are rising, strong brand presence
- Valuations were much higher in the past, little has changed in business
- Seeking criticism and suggestions for other undervalued stocks
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - Most comments are critical about the financial stability and future of the stocks discussed, particularly pandemic era stocks, despite some suggesting that companies like $ROKU and $ETSY may have hit their bottom. Additionally, many are skeptical about the sustainability and valuations of these stocks. Summarized comments: - Many stocks saw demand pulled forward during the pandemic, impacting long-term valuations - COVID-era low interest rates supported historically high stock prices - $ZM benefited from forward demand but faces competition and is seen as overvalued - $RIVN part of the EV bubble; faces industry challenges but may survive - $ETSY criticized for management and marketplace quality; possibly primed for acquisition - $ROKU once had appeal but now faces challenges in content spending and competition - $MNMD viewed as part of a weed bubble, with uncertain future due to legal status - $NIO categorized as a 'COVID darling' unlikely to reach prior highs - Some believe $ROKU and $ETSY have bottomed out for now - Mention of low interest rates and unprofitable status affecting stocks negatively - Commentary comparing 'COVID darlings' with stronger blue-chip stocks Stock tickers discussed: $ZM, $RIVN, $ETSY, $ROKU, $MNMD, $NIO
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