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7 Cheap Russell 2000 Stocks to Buy Now: May 2024
investorplace.com· 2024-05-16 10:00
The rest of 2024 could be a breakout period for cheap Russell 2000 stocks. Thus far, the index posted a 3.6% gain since January, though it lags the S&P 500's 10% bump. However, incoming tides might favor small-caps, setting the stage for a record run among cheap Russell 2000 stocks. Investors are increasingly wary that investing in a large-cap index like the S&P 500 overexposes them to a few high-performing stocks that skew total returns. This concern is valid, as the "Magnificent 7" stocks make up nearly 3 ...
1 No-Brainer Artificial Intelligence (AI) Stock to Buy With $200 and Hold for the Long Run
The Motley Fool· 2024-05-15 09:29
The artificial intelligence (AI) opportunity for investors is beginning to expand beyond the most popular names in the industry. Investors might be familiar with artificial intelligence (AI) stocks like Nvidia and Microsoft. Nvidia designs the industry's most powerful data center chips for developing AI models, and Microsoft is a leader on the software side thanks in part to its $10 billion investment in ChatGPT creator OpenAI. But the AI opportunity is spreading like wildfire because companies of all sizes ...
Duolingo, Inc. (DUOL) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-05-14 14:05
Duolingo, Inc. (DUOL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this company have returned -7.5%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Technology Services industry, which Duolingo falls in, has gained 1.6%. The key question now is: What could be the stock's future direction? Although media repor ...
Duolingo & Roblox: Did Investors Get It Right?
The Motley Fool· 2024-05-13 22:36
We've also got a look at what's cooking in the legal marijuana industry. In this podcast, Motley Fool host Ricky Mulvey talks with Motley Fool analyst Kirsten Guerra about earnings reports from Duolingo and Roblox, and with Motley Fool analyst Nick Sciple about the legal pot business and a legislative change that could have profound implications on the market. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guid ...
Is Duolingo a Buy on the Dip?
The Motley Fool· 2024-05-12 07:51
Duolingo's education app is more popular than ever, but growth is decelerating.If you're confused by Duolingo's (DUOL -6.21%) recent stock market performance, you're not alone. Plenty of investors are shaking their heads after watching its stock price tank by 18% on May 9, the day after it reported record-breaking quarterly earnings.Duolingo's reported results from the first quarter suggest its education application of the same name is gaining popularity at a mind-bending pace. The company even raised its o ...
Duolingo Credits GenAI for 54% Leap in Paid Subscribers
PYMNTS· 2024-05-10 19:56
Duolingo reportedly credits generative artificial intelligence (AI)-powered features for the 54% leap in paid subscribers it recorded in the first quarter.“What we’re seeing is that people are willing to pay even more to learn a language through generative AI,” Matt Skaruppa, chief financial officer at Duolingo, told the Wall Street Journal (WSJ) in an interview posted Friday (May 10).Duolingo, which offers a language-learning app, also reported a 45% increase in revenue during a quarter in which other onli ...
Why Duolingo Stock Crashed Despite Street-Stumping Results
The Motley Fool· 2024-05-09 19:46
Duolingo stock plunges despite a blowout quarter -- what gives?Shares of Duolingo (DUOL -17.85%) took a dive like a wounded green owl on Thursday. The language-learning expert posted strong first-quarter results on Wednesday evening, but some investors wanted a stronger user-growth story, and others simply cashed in some paper profits.The stock fell as much as 21.4% just after the opening bell today, firming up at a 17% price drop around 2 p.m. ET.Duolingo's blowout resultsIn the first quarter of 2024, Duol ...
Duolingo stock fell 12% despite record profitability and revenue growth, here's why
Invezz· 2024-05-09 15:23
Duolingo, the popular language learning app, is facing its slowest rate of subscriber additions since 2022, which has put the company at risk of falling from its high ranking in the Obsidian League.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Despite surpassing market expectations in daily average use for the quarter ending in March, the app’s shares plummeted by 12% overnight, underscoring investor concerns about its growth trajectory. Duolingo ha ...
Duolingo(DUOL) - 2024 Q1 - Earnings Call Transcript
2024-05-09 01:41
Duolingo, Inc. (NASDAQ:DUOL) Q1 2024 Earnings Conference Call May 8, 2024 5:30 PM ET Company Participants Deborah Belevan - Vice President, Investor Relations Luis von Ahn - Co-founder, Chief Executive Officer & Chairman Matt Skaruppa - Chief Financial Officer Conference Call Participants Ralph Schackart - William Blair Justin Patterson - KeyBanc Bryan Smilek - JPMorgan Ryan McDonald - Needham Andrew Boone - JMP Securities Eric Sheridan - Goldman Sachs Chris Kuntarich - UBS Alex Sklar - Raymond James Ross S ...
Duolingo(DUOL) - 2024 Q1 - Quarterly Report
2024-05-08 23:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 001-40653 Duolingo, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...