Eternal, once a star stock, faces a slump. Competition in food delivery and quick commerce intensifies. Valuations were high, and a leadership change added uncertainty. While core businesses improve, investors seek predictable earnings. The company’s strong cash position offers long-term support. Analysts suggest cautious accumulation.
US stocks today: US stocks end higher as investors turn to earnings season
US markets ended higher with the S&P 500 near record levels, driven by SK Hynix’s strong Nasdaq debut and renewed momentum in AI-linked chip stocks.