A lifestyle retailer and an e-commerce giant are two companies to consider.
Today's video focuses on recent stock price action and earnings affecting MercadoLibre (NASDAQ:MELI), Cerence (NASDAQ:CRNC), Shopify (NYSE:SHOP), and DraftKings (NASDAQ:DKNG), four stocks I am keeping my eye on this week. Cerence is a company that focuses on bringing conversational AI to the mobile world. The company's primary form of revenue comes from the automobile industry, which has caused some headwinds as automobile productions have slowed down due to semiconductor shortages.
A 40% price drop since early November presents a good buying opportunity for this buy now, pay later stock.