Aug 10th Stock Market Update - The markets go through a violent correction and mostly recover

$ABNB $CFLT $DUOL $GTLB $UBER

Author

Mukund Mohan
August 10, 2024

Review

On the back of a poor jobs growth report last Friday, the market sold off between 4%-6% on Monday, only to stage a strong recovery on hopes of a rate cut in September.

Markets still ended the week negative, but recovered strong from over 7% losses

Videos this week

Deep Dives this week

GitLab Inc $GTLB Deep Dive – Investment Literacy Coach

The CI/CD SaaS

blog.mukundmohan.online/index.php/2024/08/08/gitlab-inc-gtlb-deep-dive

NIO Inc $NIO Deep Dive – Investment Literacy Coach

The Chinese EV

blog.mukundmohan.online/index.php/2024/08/07/nio-inc-nio-deep-dive

Match Group Inc $MTCH Deep Dive – Investment Literacy Coach

The matchmaker

blog.mukundmohan.online/index.php/2024/08/06/match-group-inc-mtch-deep-dive

XPO Inc $XPO Deep Dive – Investment Literacy Coach

The logistics company

blog.mukundmohan.online/index.php/2024/08/05/xpo-inc-xpo-deep-dive

Five Below Inc $FIVE Deep Dive – Investment Literacy Coach

The apparel retailer

blog.mukundmohan.online/index.php/2024/08/09/five-below-inc-five-deep-dive

Portfolio updates this week

$CHWY Chewy Inc Deep Dive and 2024 Outlook

The ecommerce pet store has tried to correct course, but the stock is under pressure

stocksmarts.substack.com/p/chwy-chewy-inc-deep-dive-and-2024

$ETSY Etsy Inc Deep Dive and 20204 Outlook

The marketplace for handmade goods is changing, but not in a good way for the stock

stocksmarts.substack.com/p/etsy-etsy-inc-deep-dive-and-20204

$BIRK Birkenstock Holding plc Deep Dive and 2024 Outlook

The new IPO of the shoemaker is starting to build a strong base

stocksmarts.substack.com/p/birk-birkenstock-holding-plc-deep

$GTLB GitLab Inc Deep Dive and 2024 Outlook

The SaaS company recovered to a rumor on its sale to DataDog but has since faltered

stocksmarts.substack.com/p/gtlb-gitlab-inc-deep-dive-and-2024

$VIPS Vipshop Holdings Limited Deep Dive and 2024 Outlook

The China based discount retailer has been consolidating for years

stocksmarts.substack.com/p/vips-vipshop-holdings-limited-deep