Shares of e-commerce and gaming company Sea (NYSE:SE) fell 5.2% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Companies with more cash than debt can be financially resilient, but that doesn’t mean they’re all strong investments.
Some lack leverage because they struggle to grow or generate consistent profits, making them unattractive borrowers.
SEA Ltd. (SE) combines strong fundamentals with bullish technicals. Its impressive revenue & earnings growth, plus a positive chart setup, make it a top growth stock pick.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
A number of stocks jumped in the morning session after markets continued to rally as the latest inflation data reinforced expectations for a Federal Reserve rate cut as soon as September. The latest Consumer Price Index (CPI) report for July showed inflation holding steady, reinforcing market expectations that the Federal Reserve could begin cutting interest rates as soon as September. Lower interest rates generally stimulate the economy by making borrowing cheaper for consumers and businesses. This can lead to increased consumer spending and e-commerce activity, which directly benefits online retail and marketplace companies. The positive economic outlook fueled a broad-based rally, pushing the S&P 500 and Nasdaq to new record highs and lifting most growth-oriented technology stocks.
In a dynamic day for the financial markets, a select group of companies defied broader trends, experiencing significant surges in their stock prices and emerging as today's top gainers. NXP Semiconductors (NASDAQ: NXPI), Brinker International (NYSE: EAT), Gildan Activewear (NYSE: GIL), Sea Limited (NYSE: SE), On Holding AG (NYSE: ONON)
