Today's video focuses on stock price action, valuation metrics, and recent news affecting Paysafe (NYSE:PSFE), DraftKings (NASDAQ:DKNG), Shopify (NYSE:SHOP), and Spotify (NYSE:SPOT). Here are some highlights from the video. 

  1. The stock prices for these four companies have fallen over double-digit percentage points from all-time highs, which could provide long-term investors the ability to dollar-cost average in these positions. Shopify has lost over 17%, DraftKings and Spotify have dropped by over 30%, and Paysafe is down by over 60%. 
  2. On Oct. 4, Paysafe announced that it would power online payments for the Montana Lottery's sportsbook. On Sept. 30, Paysafe announced a partnership with Fubo TV (NYSE:FUBO) to provide streaming payments for interactive wagering with Fubo Gaming in the U.S.
  3. Earnings season is coming back, and Spotify is expected to report on Oct. 27. Many investors will be looking at monthly active user growth, as there are worries that companies like Spotify will see a decrease in user growth. It is important to remember that numerous companies that depend on user growth saw strong returns in 2020 but are lagging in growth for 2021. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the closed prices of Oct. 8, 2021. The video was published on Oct. 10, 2021.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.