Tag: falling knife

  • Don’t Attempt to Catch this Falling Knife Yet

    Don’t Attempt to Catch this Falling Knife Yet

    Upstart Holdings (UPST) is now a falling knife. And if you’re thinking of attempting to catch its fall, chances are good you’ll get cut. Dow about 34%, or $17.78 on the day, it could fall even more.  All thanks to poor guidance. In fact, for the third quarter, it expects $140 million in revenue and…

  • UPS Stock Sinks After CEO Warns of Slowing Growth, But…

    UPS Stock Sinks After CEO Warns of Slowing Growth, But…

    UPS (UPS) is a mess. Piercing both its 50- and 200-day moving averages, the falling knife gave up about $20 on the day.  Right now, it’s trying to hold support dating back to February.  But if it fails to hold that, it could potentially test $170 support. Not helping is softening consumer demand, which hurt…