These Nasdaq Growth Stock Favorites Are Falling -- Time to Sell?
Wall Street has been on a roll lately, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has taken full advantage. Even on a down day for the markets on Wednesday, the Nasdaq was able to limit its losses, falling just a tenth of a percent as of 11:15 a.m. ET.
Increasingly, though, investors have seen individual Nasdaq stocks come under pressure. Even some of the favorite growth stocks within the investing community have proven vulnerable to such declines, and Wednesday morning, steep drops in Roku (NASDAQ: ROKU) and DLocal (NASDAQ: DLO) raised some questions about the long-term sustainability of their growth. Below, we'll look at what sent each company's stock lower and what the news means for growth investors more broadly.
Shares of Roku were down almost 10% near midday on Wednesday. The negative reaction from shareholders came amid downbeat comments from Wall Street analysts.
Source Fool.com