First Northwest Bancorp
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Financials : Banks | Small Cap Blend
Company profile

First Northwest Bancorp is the bank holding company for First Federal Savings and Loan Association of Port Angeles (the Bank). The Bank is a community-oriented financial institution primarily serving the North Olympic Peninsula region of Washington. The Bank offers a range of products and services focused on the lending and depository needs of the communities it serves. The Bank provides commercial and consumer banking services to individuals and businesses located primarily on the Olympic Peninsula in the State of Washington. These services include deposit and lending transactions that are supplemented with borrowing and investing activities. The Bank's principal lending activities are focused on first lien one- to four-family mortgage loans, and commercial and multi-family real estate loans. The Bank also makes construction and land loans (including lot loans), commercial business loans and consumer loans.

Closing Price
$16.36
Day's Change
-0.69 (-4.05%)
Bid
--
Ask
--
B/A Size
--
Day's High
16.84
Day's Low
16.20
Volume
(Heavy Day)
Volume:
34,337

10-day average volume:
25,846
34,337

Panicking about your Tesla shares? These charts will make you feel a lot better

1:23 pm ET September 8, 2020 (MarketWatch)
Print

Shawn Langlois

The ride up was nice, but, ouch, that ride down?

By the end of August, Tesla shares were up almost 500%, year to date, crushing the shorts and defying the skeptics in a pandemic-bucking ride that paced a scorching market for high-tech disrupters.

But Tesla's dizzying run has hit the skids of late, with the stock down 17% on Tuesday alone to put its 5-day drop up to about 30% (https://www.marketwatch.com/story/tesla-stock-tumbles-toward-2nd-bear-market-in-6-months-2020-09-08?mod=home-page).

That's a painful reversal for those arriving late to the Tesla party, but it's also to be expected as even the most stellar long-term plays in history have endured similar, and much worse, drawdowns.

Of course, Tesla has plenty of company in this September retreat, with high-fliers like Overstock (OSTK) , Peloton (PTON) and Zoom (ZM) all giving back chunks of their outsized gains in recent sessions.

The good news: This is completely normal and healthy.

Read:'Pods of excess' will pop this bubble, investor warns (https://www.marketwatch.com/story/tesla-and-other-pods-of-excess-will-ultimately-lead-to-the-popping-of-todays-bubble-investor-warns-11599580223)

"Even if these companies live up to their now lofty expectations and their stocks end up being grand slam investments, it's not going to be a straight line up and to the right," Ritholtz Wealth Management portfolio manager Ben Carlson explained in a blog post (https://awealthofcommonsense.com/2020/09/why-even-the-best-stocks-have-to-crash/). "These companies could become some of the most successful stocks of the next few decades and they will still crash spectacularly at some point."

He pointed to several examples to back his point.

Apple (AAPL) , for instance, has rallied almost 120,000% (19.5% annualized) since the early 1980s. Along the way, it's dropped by more than 75% three different times and has been cut in half several other times.

Then there's Amazon (AMZN) , which is up up almost 170,000% (38% annualized) since 1997. At one point during that nosebleed ascent, the stock crashed almost 95% along with multiple declines of 30%.

It's not just among the tech juggernauts either. Walmart (WMT) , over the course of nearly five decades, has seen its stock gain more than 321,000%. The shares have lost 30% or more eight times and were stuck in negative territory from 2000 to 2012.

The list goes on and on, but you get the idea.

"This is what happens to successful companies and successful stocks," Carlson wrote. "If you want to earn big returns in the stock market, expect to live with big losses to get there."

Plenty of "successful" stocks came under pressure in Tuesday's trading session, with the Dow Jones Industrial Average , Nasdaq Composite and S&P 500 all firmly lower.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 08, 2020 13:23 ET (17:23 GMT)

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