Wall Street doesn't always get it right. If you want returns of 98% to 148% this year, Wall Street analysts think that buying these three stocks could do the trick. Shopify (NYSE: SHOP) is an e-commerce leader that analysts really like these days.
The stock market's horrible 2022 continued on Friday, with major market benchmarks sinking even further. The Dow Jones Industrial Average (DJINDICES: ^DJI) is down a little more than 7% from its recent highs, while the S&P 500 (SNPINDEX: ^GSPC) has sunk almost 9% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has taken a 15% hit from its record levels. Two stocks that saw particularly large downdrafts on Friday were investor favorites Shopify (NYSE: SHOP) and Coinbase Global (NASDAQ: COIN).
(Bloomberg) -- Shopify Inc. plunged by the most since March 2020 after a report that the Canadian e-commerce company terminated contracts with several warehouse and fulfillment partners.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueU.S. Stocks Historically Deliver Strong Gains in Fed Hike CyclesMorgan Stanley’s Slimmon Warns Against Buying Growth-Stock DipPutin Could Burst Xi’s Olympic Dream With a War in UkraineIts U.S.-traded shares closed down 14% on Friday