Wayfair stock price has gone nowhere in the past three years even as the broad market has surged to a record high. It has remained between the support at $27.67 and the resistance point at $90.8 since 2023.
Stocks soared in the first trading day of President Trump's second term, and some of the biggest winners today were Wayfair (W 8.09%), Dollar General (DG 5.11%), and Five Below (FIVE 5.76%).
Online furniture retailer Wayfair said on Friday it would lay off 730 employees as it exits the German market to focus on investments in core businesses.
Wayfair is exiting Germany and plans to cut as many as 730 jobs, or 3% of its global workforce. The online home goods company wants to reprioritize investments and sees a better return on other initiatives, such as physical retail, finance chief Kate Gulliver told CNBC.
Shares of Wayfair (W -3.72%), the online home furnishings retailer, were among the losers on the stock market this week. News on the company itself was minimal, but the Fed's decision to trim its rate-cut forecast for next year -- from four cuts to two -- hit interest-rate-sensitive stocks like Wayfair hard.
After the stock market's strong returns this year, it's challenging to find stocks that have fallen. Growth stocks, in particular, have had a good run.
December is a great time for investors to look at stocks or industries that have underperformed over the past year but that could be ripe for rebounds in the next one. One market that's showing early indicators of improvement is housing.
Prime is a membership program from e-commerce giant Amazon, and its importance to the company is probably under-appreciated. With Prime, members get fast free shipping, as well as access to streaming video content and more.
This leader in home goods and furniture e-commerce is down but not out.
Wayfair will benefit from an improved housing market.
The stock market is soaring with Trump's re-election, but Wayfair faces risks due to potential tariffs and a weak Q4 outlook. Due to heightened risks, I'm dropping my rating on Wayfair to neutral. Wayfair's Q3 revenue declined 2% y/y, with gross margins falling to 30.3%, driven by increased promotional activity to offset steeper revenue declines.
Rising interest rates weighed on the stock last month.