In this episode, Scott Becker breaks down five major stock losers from Friday’s market drop.
Chapter 1: What are the five big stock losers discussed?
this is scott specker with the becker private equity and business podcast here are five big losers friday i find fasting maybe it's kind of a shot in freud because at least it's stocks that didn't you know miss out on investing invest again so i don't have the fear of missing out but here's five stocks that just got cratered on friday uh i'll go from last to first
Chapter 2: Why did Perrella Weinberg's stock drop?
Chapter 3: What happened to Marvell Technology's stock?
Perrella Weinberg, the investment bank, made famous by Joe Perrella and some of those folks, just fascinating. They finished down 7%. Even though they had a pretty good year, it looks like their forecast is struggling. So Perrella Weinberg down 6.77%. Fourth, Marvell Technology, another chip firm that's overall just had a crazy run over the last couple of years. They finished down 7.23% on Friday.
Chapter 4: What are Scott Becker's thoughts on Wayfair?
Third, Wayfair. Now, when we first moved into a house in Florida, we bought everything from Wayfair. We were way over budget. We were extended. Everything got bought from Wayfair. Wayfair has now built a store in Wombat, not far from where we live. And I love going to that store. In fact, you know. I bought something for close, close friends. They need it there. And I just love the store.
I think it's a great layout. I can find everything. It's not too high brow. It's not like going to the restoration hardware where you feel like you got to give them an arm and a leg. But meanwhile, I may be the only one that loves it that much. They're down 7.62% on Friday. Second, Skechers. Now, this is a brand I've not heard much about for a long time and apparently for good reason.
They also took another chin Friday, even though they've now re-upped with a Super Bowl ad. It seems like a lot of spending for a horrendous store or horrendous brand. They were down 13 percent on the other day on Friday. Finally, Newell Brands. Newell Brands is a brand that probably most people don't know, we're not familiar with, but Newell Rubbermaid. All that stuff comes from Newell.
Newell, I can never pronounce it right. They finished down about 26.5% on Friday. So those are five stocks that took it to the chin Friday. We start with Pearl Weinberg, number five. Marvel Technologies, number four. Wayfair, number three. And finally, Skechers, number two. And Newell Brands, number one. All brands that got tanked on Friday.
Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very much for listening.
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