Why PDD, DJT, and FICO Shares Fell
PDD Holdings (PDD) shares fell after missing earnings and revenue estimates, raising concerns about its advertising budget. Trump Media (DJT) dropped 10.38% amid a $2.5 billion fundraising effort, while CEO Devin Nunes emphasized Bitcoin's role in their strategy. Fair Isaac (FICO) saw an 11.26% decline, criticized for increasing mortgage score fees. Investors are advised to consider starter positions in PDD and watch for potential rebounds in DJT and FICO stocks.
On Tuesday, PDD Holdings (PDD), the owner of Temu, posted first-quarter results that scared shareholders. The company missed on earnings and revenue estimates as it faces an uphill battle in U.S. markets.
PDD posted sales rising by 10% Y/Y, helped by its online marketing services growth of 15%. However, transaction revenue increased by 6%. PDD’s lower revenue might hurt its advertising spending budget. As a result, Meta Platforms (META) and Alphabet’s (GOOG) Google search may report weaker advertising revenue.
Investors may consider a starter position in PDD stock.
Trump Media (DJT) dropped by 10.38% to close at $23.05. The firm, whose market capitalization is $5.67 billion, seeks a $2.5 billion fund raise. CEO Devin Nunes said, “We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets.”
Fair Issac (FICO) closed at levels not seen since July 2024. Watch for this stock rebounding from Tuesday’s 11.26% drop. The Federal Housing Finance Agency head, Bill Pulte, is not happy with FICO. He is critical of the firm increasing FICO mortgage score fees by $4.95 per score.
Consider adding a watch list position, such as holding a few shares. The stock closed at $1,503.62, compared to over $2,000 in mid-May.
