On Tuesday, PDD Holdings (PDD), the owner of Temu, posted first-quarter results that scared shareholders. The company missed on earnings and revenue estimates as it faces an uphill battle in U.S. markets.
PDD posted sales rising by 10% Y/Y, helped by its online marketing services growth of 15%. However, transaction revenue increased by 6%. PDD’s lower revenue might hurt its advertising spending budget. As a result, Meta Platforms (META) and Alphabet’s (GOOG) Google search may report weaker advertising revenue.
Investors may consider a starter position in PDD stock.
Trump Media (DJT) dropped by 10.38% to close at $23.05. The firm, whose market capitalization is $5.67 billion, seeks a $2.5 billion fund raise. CEO Devin Nunes said, “We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets.”
Fair Issac (FICO) closed at levels not seen since July 2024. Watch for this stock rebounding from Tuesday’s 11.26% drop. The Federal Housing Finance Agency head, Bill Pulte, is not happy with FICO. He is critical of the firm increasing FICO mortgage score fees by $4.95 per score.
Consider adding a watch list position, such as holding a few shares. The stock closed at $1,503.62, compared to over $2,000 in mid-May.
