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MARKET WATCH LIST FREE
The stores enable Best Buy to do same-day delivery and free next-day delivery on many items, and online ordering with curbside pickup worked well during the worst of the pandemic. Each store can act as a mini distribution center, enabling ultra-fast delivery without the need for any additional facilities. While Best Buy's large network of stores was once viewed as a liability in the age of e-commerce, it's turned into a valuable asset. If the current market correction evolves into a crash, I'll be keeping a close eye on Cloudflare to see if I can justify an investment. I'd love to invest in it, but not at these prices. That's still far too expensive in my book. The stock has cooled off since then, but Cloudflare is still valued at roughly $30 billion. That kind of valuation is, in my opinion, completely insane. Revenue should be around $650 million for 2021, putting the peak price-to-sales ratio over 100. At its peak in late 2021, the company was valued close to $70 billion. While there are limitations, a developer can get by without the need for servers or data bases.Ĭloudflare the stock is a different story. One example: Through Pages, Workers, and various storage products, a developer can build a full-fledged application on Cloudflare's platform, complete with web hosting, serverless computing, and persistent data storage. Built on top of this edge network is a growing list of products, tools, and functionality. The edge-computing specialist protects and speeds up websites by putting its global edge network in between end users and servers. I like Cloudflare the company quite a bit. This is a company with a decades-long track record, and growth should resume once it gets past these headwinds. If the stock market keeps falling, dragging down Boston Beer along with it, my interest will certainly be piqued. The hard seltzer fiasco is a blemish on its track record, and there's no telling how badly or for how long higher costs will impact earnings. Costs are rising everywhere, from raw materials to labor to transportation, and the company will need to successfully pass along those higher costs to customers.īoston Beer stock looks extremely expensive based on its beaten-down earnings, but relative to sales, it looks reasonable historically. The stock is down 65% from its peak in 2021, and the short-term picture is not pretty. Boston Beer's pandemic rally has now been almost entirely erased. Through the first nine months of 2021, the seltzer slowdown combined with higher costs to decimate the company's profits. Demand for hard seltzer weakened, and Boston Beer was left holding the bag. The brewer tapped into the hard seltzer boom with its Truly brand, but it overplayed its hand.
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Things are not going great for Boston Beer right now.