Allbirds Inc’s Outlook is Good, Netflix Misses Forecasts and Fed News Encourages

Investors reviewed valuations after the Federal Reserve’s latest hint that it will move aggressively if prices remain elevated, and stocks in the United States sank lower after swinging between gains and losses.

Overall US Stock Market

During the week, the S&P 500 was hit 1.9 percent sparked by Fed meeting minutes that suggested the central bank is poised to hike rates sooner and higher than previously predicted.  Overall, the index finished down 2.12%.

Significant Gain – Allbirds (NASDAQ: Bird)

Morgan Stanley raised the stock to overweight from equal weight, causing shares of the shoe business AllBirds (NASDAQ: Bird) to rise. Allbirds’ stock currently appears to be cheap, according to the firm, following a steep decline that pushed shares below their November IPO price.

Major Loss – Netflix (NASDAQ: NFLX)

Netflix (NASDAQ: NFLX), the world’s most popular streaming video service, faces mounting concerns on Wall Street that it may fail its fourth-quarter membership growth forecasts.

US Commodity Market


After reaching their highest level since late November, Brent crude futures increased $1.19 cents, or 1.5%, to close at $81.99 a barrel. The price of West Texas Intermediate (WTI) crude in the United States increased by $1.61, or 2.1%, to $79.46.


Byron Wien, a legendary investor, predicts that gold will increase by 20% this year as investors flock to the yellow metal to safeguard against inflation and market turbulence.

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