𝗛𝗜𝗡𝗗𝗜 𝗠𝗢𝗩𝗜𝗘𝗦 𝗗𝗢𝗪𝗡𝗟𝗢𝗔𝗗 𝟮𝟬𝟮𝟮 - 𝗡𝗘𝗪 𝗠𝗢𝗩𝗜𝗘𝗦

𝗛𝗜𝗡𝗗𝗜 𝗠𝗢𝗩𝗜𝗘𝗦 𝗗𝗢𝗪𝗡𝗟𝗢𝗔𝗗 𝟮𝟬𝟮𝟮-𝗡𝗘𝗪 𝗠𝗢𝗩𝗜𝗘𝗦 Telegram | DID YOU KNOW?

Pinterest (PINS) Stock Sinks As Market Gains

Pinterest (PINS) closed at $71.75 in the latest trading session, marking a -0.18% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.9%, and the Nasdaq, a tech-heavy index, lost 0.59%. Heading into today, shares of the digital pinboard and shopping tool company had lost 17.41% over the past month, lagging the Computer and Technology sector's loss of 5.38% and the S&P 500's gain of 0.71% in that time. Investors will be hoping for strength from PINS as it approaches its next earnings release. The company is expected to report EPS of $0.07, up 170% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $467.87 million, up 72.05% from the year-ago period.

Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.