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Over the past year, the S&P 500 and the Nasdaq Composite indices have surged in value a stunning 50% and 70%, respectively. Tesla and Palantir -- two stocks retail investors love -- are down over 20% from their peaks in January and are representative of a whole class of stocks that are well off their peaks earlier in the year. What most savvy investors know is that periodic stock market pullbacks are inevitable.
Indonesian ride-hailing and payments company Gojek and the country's leading e-commerce business Tokopedia are close to sealing their proposed merger as they prepare to seek formal shareholder approval, three sources close to the matter told Reuters on Friday. A deal that sources have previously pegged at $18 billion would create a technology powerhouse offering online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia's largest economy. Alibaba Group Holding and SoftBank Group Corp are among Tokopedia's investors, while Gojek's include Warburg Pincus and Tencent Holdings.
The cryptocurrency's performance has been incredible, but these stocks could deliver better returns.