Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
A number of stocks fell in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.
A number of stocks fell in the afternoon session after markets pulled back as a hotter-than-expected wholesale inflation report for July dampened hopes for a Federal Reserve interest rate cut.
A number of stocks jumped in the afternoon session after the SaaS sector continued to rally as favorable inflation data bolstered hopes for a Federal Reserve interest rate cut. This optimism was largely driven by a benign July Consumer Price Index (CPI) report, which solidified investor expectations for a Federal Reserve interest rate cut. Following the release of the inflation data, which showed a year-over-year increase of 2.7%, the probability of a rate cut in September surged to over 96%. Lower interest rates are typically beneficial for growth-oriented technology stocks, as they can reduce borrowing costs and increase the present value of future earnings. Adding to the positive sentiment was a 90-day delay in the imposition of higher tariffs on Chinese goods, which reduced trade-related uncertainty for the technology sector.
Cloud computing provider DigitalOcean (NYSE: DOCN) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 13.6% year on year to $218.7 million. Guidance for next quarter’s revenue was better than expected at $226.5 million at the midpoint, 1.4% above analysts’ estimates. Its non-GAAP profit of $0.59 per share was 26.2% above analysts’ consensus estimates.
DigitalOcean's strong earnings and focused strategy on developer simplicity reveal a powerful growth model thriving in the shadow of cloud industry giants.
DigitalOcean Holdings shares are trading higher Tuesday after the company reports strong second-quarter 2025 financial results and raises its full-year guidance.
Cloud computing provider DigitalOcean (NYSE: DOCN) announced better-than-expected revenue in Q2 CY2025, with sales up 13.6% year on year to $218.7 million. Guidance for next quarter’s revenue was better than expected at $226.5 million at the midpoint, 1.4% above analysts’ estimates. Its non-GAAP profit of $0.59 per share was 26.2% above analysts’ consensus estimates.
A number of stocks jumped in the afternoon session after the Software as a Service (SaaS) sector rebounded following the sell-off in the previous trading session as a weaker-than-expected U.S. jobs report increased the probability of a Federal Reserve interest rate cut. The July Nonfarm Payrolls (NFP) report showed the U.S. economy added only 73,000 jobs, significantly below the 110,000 forecast. This, combined with downward revisions for May and June, signaled a cooling labor market to investors. In response, market expectations for a September interest rate cut by the Federal Reserve surged from roughly 40% to over 80%. A potential rate cut is generally favorable for growth sectors like technology and SaaS, as lower rates can increase the present value of their future earnings, boosting stock valuations.
Cloud computing provider DigitalOcean (NYSE: DOCN)
will be announcing earnings results this Tuesday before market hours. Here’s what investors should know.
