The more of us will lose their jobs. Except of course King Kurian and his court jesters.
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The entire stock market is down right now d-mb@ss - especially tech. Solid theory.
NetApp's stock has a good chance to go down to around 60$ in the coming weeks, together with other stocks of the NDQ. So, let's go short and make some $$$...
Perhaps more insightful to look at current employment rates. Perhaps our new MS gods are driving down value to make the ultimate acquisition more palatable (cheaper). Then these emissaries we be rejoined with their brethren.
Compare a 1 year performance of Pure Storage to NetApp and you'll know where this is going.
- 9% of the above companies do not pay dividends, while NetApp does. The only company that pays dividends is Boeing and you know how bad they have been. So, don't count your chickens before they hatch.
Ntap stock price is holding up well compare to other stocks such as Zoom, Netflix, Facebook, Zillow, Carvana, Shopify, Pinterest, PayPal, Snowflakes, Moderna, DocuSign, RobinHood, Boeing, Peloton,Twillio, Roku, Rivian, Starbucks, Matterport, Coinbase, Lemonade, SoFi, DraftKings, Snap, Beyond Meat, Affirm and more. By your theory we should see massive layoff and US will hit all time high on unemployment rate