RingCentral, Monday.com, Semrush, AppLovin, and Angi Stocks Trade Down, What You Need To Know
This move is far more than a typical trade dispute; it targets the United States' largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
Video Conferencing company RingCentral (NYSE:RNG) fell 4.5%. Is now the time to buy RingCentral? Access our full analysis report here, it's free.
Project Management Software company Monday.com (NASDAQ:MNDY) fell 5.4%. Is now the time to buy Monday.com? Access our full analysis report here, it's free.
Listing Management Software company Semrush (NYSE:SEMR) fell 4.7%. Is now the time to buy Semrush? Access our full analysis report here, it's free.
Advertising Software company AppLovin (NASDAQ:APP) fell 3.1%. Is now the time to buy AppLovin? Access our full analysis report here, it's free.
Gig Economy company Angi (NASDAQ:ANGI) fell 4%. Is now the time to buy Angi? Access our full analysis report here, it's free.
Monday.com's shares are very volatile and have had 29 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Monday.com is up 23.2% since the beginning of the year, but at $284.61 per share, it is still trading 13.2% below its 52-week high of $327.92 from February 2025. Investors who bought $1,000 worth of Monday.com's shares at the IPO in June 2021 would now be looking at an investment worth $1,591.
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
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