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Top and flop stocks of 2023: Analysis of a financial expert on Etsy and Nvidia
According to a report from www.aktienwelt360.de, the stock market year 2023 was a successful year for many stock investors. A financial expert also reports a profit of 32% in his stock portfolio. Tech stocks were the driving force behind this positive development. Some stocks, including Nvidia, Upstart Holdings, Meta Platforms, CrowdStrike and Shopify, rose more than 100%. The flop stock in his portfolio was Etsy, with a price loss of 28% in 2023. The reasons for this include the shrinking gross merchandise volume and the decreased popularity of the platform. Despite efforts to counteract this trend through acquisitions such as Depop and elo7, Etsy has not been able to...
Top and flop stocks of 2023: Analysis of a financial expert on Etsy and Nvidia
According to a report by www.aktienwelt360.de, the stock market year 2023 was a successful year for many stock investors. A financial expert also reports a profit of 32% in his stock portfolio. Tech stocks were the driving force behind this positive development. Some stocks, including Nvidia, Upstart Holdings, Meta Platforms, CrowdStrike and Shopify, rose more than 100%.
The flop stock in his portfolio was Etsy, with a price loss of 28% in 2023. The reasons for this include the shrinking gross merchandise volume and the decreased popularity of the platform. Despite efforts to counteract this through acquisitions such as Depop and elo7, Etsy has been unable to reverse this trend. Even the increase in fees could not compensate for the shrinking gross merchandise volume.
On the other hand, the top stock in his portfolio was Nvidia, with a price increase of 246% in 2023. The company benefited from increasing demand for high-performance chips in the field of artificial intelligence. Sales increased 206% and earnings per share increased 1,274%.
Etsy's forward P/E ratio of 17 suggests that the stock is now cheaply valued. At Nvidia, however, the growth rates seem to justify the valuation. However, further developments at both companies will be monitored closely.
Overall, the report suggests that Nvidia could have a promising future while Etsy continues to face challenges. This could have an impact on the stock market and the financial industry as investors could adjust their portfolios accordingly.
Read the source article at www.aktienwelt360.de