Impending interest-rate hikes in the U.S. coupled with geopolitical tensions have motivated investors to exit growth stocks in droves. Let's look at two such stocks that are close to their 52-week lows: PayPal (NASDAQ: PYPL) and Chegg (NYSE: CHGG). PayPal's value has been cut almost in half since the beginning of the year -- a terrible performance by any metric. Read More...
Motley Fool
Why Steel Stocks Went Straight Up Today
At approximately 10 p.m. Eastern Wednesday night, Russian military forces launched an all-out assault on their neighbor Ukraine. Calls for economic sanctions by the West were immediate — and they’re having an immediate effect on the prices of publicly traded steel stocks today. As of 2 p.m. ET, shares of United States Steel Corporation (NYSE: X) had surged 9.6%, European steel giant ArcelorMittal (NYSE: MT) was up 10.7%, and Cleveland-Cliffs (NYSE: CLF) — which used to be AK Steel and Arcelor in the U.S. — was up 9.7%.
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