|Bid||52.25 x 1100|
|Ask||55.00 x 900|
|Day's Range||51.44 - 53.35|
|52 Week Range||37.52 - 76.45|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||105.78|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||69.50|
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use ReturnRead More...
ALBANY, N.Y. (AP) — New York state's ban on personal ownership of stun guns is unconstitutional, a federal judge ruled Friday in the latest in a series of court decisions that have led to the loosening of restrictions on the weapons in several states.
Stocks are off to a great start in 2019. All three major indices are up more than 10%, led by a 16% rally in the Nasdaq Composite, and it's still only March.But, not all stocks have had a great year thus far. For every Roku (NASDAQ:ROKU) and Snap (NYSE:SNAP) -- two stocks that are already up more than 100% year-to-date -- there's another stock on the other end of the spectrum that has struggled for gains in 2019.For some of those struggling stocks, the pain will persist because the fundamentals are weak, and only getting weaker. Indeed, that's probably true for most stocks that have struggled amid the recent market rally.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, for other beaten up stocks, the pain could end soon. The fundamentals are weak today, but getting better. When they do get better, they will converge on a beaten up stock against a healthy market backdrop, and that convergence could spark a rip-your-face-off rally.That's why I've compiled a list of seven beaten up stocks that I think are ready to reverse course soon. These stocks may stay weaker for longer. But, the underlying fundamentals are improving, and ultimately, buyers who exercise patience at these levels should be rewarded with a big rally in the near- to medium-term future. * 10 Stocks on the Rise Heading Into the Second Quarter Which beaten up stocks made the cut? Let's take a look. Axon (AAXN)Source: Shutterstock % Off All-Time Highs: 37%One of my favorite growth stocks back in 2017 was Axon (NASDAQ:AAXN). The thesis was simple. The law enforcement world is outdated. It needs to be technologically upgraded. Axon provides solutions that do just that across a wide spectrum applications, including smart weapons, body cameras and digital recording systems. Adoption of these solutions will grow by leaps and bounds over the next several years. As it does, Axon stock, which seemed hugely undervalued at $20, will rally.Fast forward two years. The big rally in Axon stock happened. It jumped from $20 to nearly $80 in a year and a half. That rally was overdone. Now, the stock has pulled back in a big way to below $50. This pullback is likewise overdone. The core fundamental growth narrative of Axon improving processes and outcomes across the law enforcement world remains healthy and unchallenged (there are basically no competitors). The stock just got ahead of itself at $80.I've long maintained that Axon stock is fundamentally supported and attractive at $50. I maintain that stance today, and that's why I think this stock is ready to reverse course soon. Weibo (WB)Source: Shutterstock % Off All-Time Highs: 56%Calendar 2018 was unkind to all stocks, but particularly so to Chinese tech stocks. In the slaughtered China tech group, one of the biggest losers was Weibo (NASDAQ:WB), which dropped more than 60% off all-time highs and remains more than 55% off all-time highs today.Surprisingly, the big drop in Weibo stock had very little to do with Weibo-specific fundamentals. Those fundamentals have remained very good. The social networking platform has continued to add users and grow revenues at a robust pace, while it has largely maintained its margin profile and consequently grown profits at an equally robust pace. But, what happened in 2018 is everyone freaked out about a slowdown in China, and those fears coupled with escalating trade and FX headwinds to create a tremendous amount of selling pressure on Weibo stock. * 5 of the Best Stocks to Buy Under $10 Things are looking up for Weibo stock in the New Year. China's economy appears to be stabilizing. Trade headwinds are less severe. As are FX headwinds. Meanwhile, the company just reported quarterly numbers that comprised 28% revenue growth, 18% user growth and 26% profit growth. In other words, the macro is improving, and the micro remains favorable. As such, it seems like only a matter of time before Weibo stock stages a huge comeback rally. Nvidia (NVDA)Source: Shutterstock % Off All-Time Highs: 43%Chip giant Nvidia (NASDAQ:NVDA) used to be considered the unstoppable "AI company". Everyone thought that the company had a monopoly in supplying the building blocks for AI-powered technologies. Everyone also assumed that demand in AI-end markets would remain robust forever. Neither of those is true. Nvidia has stiff competition, and demand has slowed. As such, Nvidia has gone from being an unstoppable growth stock, to a severely beaten-up stock trading more than 40% off all-time highs.But, things should improve in 2019. The big headwinds that weighed on NVDA stock in 2018 were inventory issues putting pressure on margins, and trade and economic uncertainty headwinds diluting demand. Those headwinds will become old news in 2019. Nvidia is already cycling through its inventory issues, and trade and economic uncertainty headwinds have become significantly less severe. As such, in 2019, demand should come back into picture, while supply should be reduced. That will create a favorable backdrop for Nvidia to return to healthy revenue growth and gross margin expansion.When that happens, NVDA stock will stage a huge turnaround toward and potentially above $200. Capri (CPRI)Source: Shutterstock % Off All-Time Highs: 54%Shares of global fashion conglomerate Capri (NYSE:CPRI) have been hammered over the past several quarters for various reasons. One, the core Michael Kors brand has lost steam. Two, margins have been under pressure. Three, investors have questioned the Versace acquisition. All together, investor sentiment has been weak, and CPRI stock has dropped more than 50% off all-time highs.I think these concerns are overblown. In the big picture, the morphing together of three luxury fashion brands (Michael Kors, Jimmy Choo and Versace) under one fashion conglomerate umbrella mitigates the financial risks and noise associated with fashion-trend cycles, while boosting brand awareness and equity. Consequently, while the Michael Kors brand will continue to cycle between hot and cold for the foreseeable future, Capri's revenues in 2019 and after will show significantly greater stability. Margins will likewise improve with this enhanced stability. And, because of revenue and margin stability, the Versace acquisition will prove to be more than worth it -- it will ultimately be seen as necessary. * 7 Hot Stocks Under $4 It's only a matter of time before the market realizes this. When it does, investors will flock to this really cheap stock (9-times forward earnings) and that flocking could spark a big recovery rally. AT&T (T)Source: Shutterstock % Off All-Time Highs: 30%The narrative at AT&T (NYSE:T) has been dominated by cord cutting for several years now. Specifically, as more consumers have cut the cord, AT&T's historically stable cable business has struggled. That has created a drag on the company's revenue, margins and profits. To make matters worse, with the acquisition on Time Warner, AT&T is now one of the most indebted companies in history. A bunch of debt on muted profit growth doesn't exactly attract buyers. It attracts sellers, and that's exactly what has happened to this stock.But, a turnaround could be in store. The mainstream and widespread roll-out of 5G wireless coverage is coming, and that will provide a much-needed boost to this company's wireless business. Meanwhile, Time Warner content assets should give AT&T the necessary firepower to expand more deeply into the streaming world and offset cord cutting weakness. Rates have also stopped climbing, so pressure on the balance sheet is easing while the big 6.6% dividend yield is relatively more attractive.All in all, the fundamentals underlying AT&T stock will improve in 2019. As they do, this super cheap, beaten up stock will outperform. Twitter (TWTR)Source: Shutterstock % Off All-Time Highs: 57%In 2018, social media giant Twitter (NYSE:TWTR) was on a roll. Until it wasn't. The stock went from $25, to $50, back to $25, all in the same year, as investors couldn't figure out whether user growth really mattered. Ultimately, the market has settled on the fact that it does matter, as revenue growth and margin expansion have remained robust, but the user base has declined, and Twitter stock trades well off all-time highs.The market made the wrong conclusion here. Monthly active users is a meaningless metric without engagement. What are eyeballs if those eyeballs aren't really interacting or paying attention? Engaged eyeballs for advertising purposes are infinitely more valuable because they lead to more data, which leads to better targeting, more relevant ads, and more ad conversions. At Twitter, those engaged eyeballs continue to go up, as the number of engaged daily active users is growing at a ~10% year-over-year rate. * 5 Stocks To Buy for the Happiest Employees So long as that number continues to grow, revenues will grow, and so will margins. The market will realize this in 2019. When it does, you will see Twitter stock stage a big turnaround. Activision (ATVI)Source: Gamevil Inc. via Flickr% Off All-Time Highs: 48%Much like Twitter, Activision (NASDAQ:ATVI) stock was on a roll. But the stock went from $65, to $80, to $45, all in a matter of twelve months, because near-term positives quickly turned into near-term negatives. Specifically, everyone was expecting a big holiday quarter out of Activision thanks to a new Call of Duty release. That release got delayed. When the game finally did get released, adoption and engagement rates were underwhelming. Fans were disappointed. So were investors. ATVI stock dropped 50%.But, this 50% haircut in ATVI stock seems way overdone. In the big picture, Activision still has three big trends working in its favor. One, digital and mobile consumption globally is only growing, and that lends itself to continued growth in the video game industry, of which Activision is a big player with a broad portfolio of secular appeal games. Two, esports is just starting to come into its own, and Activision is behind arguably the world's most important esports league. Three, innovation in the video game industry is nearing a breakthrough with things like AR/VR and cloud gaming, and those breakthroughs could supercharge growth across the whole industry.Overall, the long-term positives here significantly outweigh the near-term negatives. As such, patience will be rewarded. Eventually, near-term negatives will phase out. When they do, Activision stock will pop in a big way.As of this writing, Luke Lango was long ROKU, AAXN, WB, CPRI, T, TWTR and ATVI. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 Beaten-Up Stocks to Buy as They Reverse Course appeared first on InvestorPlace.
Back in early 2017, one of my favorite undiscovered and underrated growths stocks was Axon Enterprise (NASDAQ:AAXN). The shares then were just above $22 a piece. Six months later, AAXN stock took off on a roller-coaster ride that's still moving, but now 128% higher.The bull thesis on the public safety/police equipment maker was simple. The law enforcement world was long overdue for a technology makeover. Axon, the leading and largely peerless provider of solutions which did just that, would benefit from a surge in police tech demand. Axon's revenue and profits would soar. So would AAXN stock.It's now early 2019. That bull thesis has played out as planned. Law enforcement agencies around the globe have increasingly turned towards Axon to upgrade their underlying technology infrastructure, including implementing body cameras, dash cameras, and digital record keeping systems. Axon's revenue growth has consistently run north of 20%. Profits have soared. And, Axon Enterprise stock took off from $20 in early 2017, to nearly $80 by mid-2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, even as a long-term bull, I understand that valuation always matters. In mid-2018, the mid-$80's valuation on AAXN stock didn't add up. Since then, the stock has sputtered lower. Today, it trades hands around $52.Now, with the stock 30% off-all time highs, it's time to get bullish on Axon stock again. The earlier secular bull thesis remains in tact and the valuation now adds up. Plus, the shares appear to be back on a technical uptrend, and history suggests this direction could last for a while. * Top 7 Service Sector Stocks That Will Pay You to Own Them As such, I'm ringing the bull horn on Axon stock again. I don't think it will quadruple again, like it did in 2017/18. But, I do think healthy gains are in store from here in 2019/20. Axon's Fundamentals Are StrongThe fundamental long-term growth narrative underlying Axon stock is both very simple and very strong.In a nutshell, Axon provides technology solutions -- body cameras, dash cams, smart weapons, and cloud-hosted software services -- for law enforcement agencies around the world. These agencies aren't exactly the most tech-savvy or up-to-date firms in the world. But, they need to be, in a world where technology is everywhere, all the time. As such, over the next several years, every law enforcement agency across the globe will look to significantly upgrade its technology infrastructure.When they do, they will be greeted first by Axon, second by Axon, and third by Axon. In other words, Axon is not just the leading player in the law enforcement tech world, but also largely peerless in terms of quality and breadth of law enforcement tech solutions. That's largely why Axon has mostly maintained its 20%-plus growth rate for a long time.This will remain true for the foreseeable future. Axon is tackling some very big markets. Between smart weapons, body cameras, cloud solutions, and sensor solutions, Axon's total addressable market is $8.4 billion. The company reported revenue of just $420 million last year (5% penetration), and those sales grew by 22% year-over-year.In other words, this is a 20%-plus revenue grower tapping into just 5% of its sales potential in a market with relatively little competition. That gives Axon a long and clear runway for big revenue growth over the next several years. On top of that runway, Axon is pivoting to a largely software-focused business model with strong margins, and that move is expected to double EBITDA margins from 15% last year to 30% in the long run. * 5 Cloud Stocks to Help Your Portfolio Fly Overall, Axon stock is supported by a powerful long-term growth narrative built on robust revenue and profit growth for the foreseeable future. Thus, Axon stock is a great stock to own at the right price. The Bull Thesis Looks Good HereRight now, the price is right for adding AAXN stock to a portfolio.Given the company's massive addressable market, secular tailwinds, relatively muted competition, and current growth trajectory, I see Axon as a steady 15% revenue grower into fiscal 2025. That would put sales north of $1 billion by fiscal 2025. Also, I think EBITDA margins will hit their 30% long-term target by then, given current year-over-year margin expansion rates. Assuming a normal tax rate and mild share count growth, I think that will flow into roughly $4 in earnings per share by fiscal 2025. Bottom Line on AAXN StockSoftware stocks tend to trade anywhere between 20- and 35-times forward earnings. Conservatively using a 25x forward multiple, $4 in EPS in fiscal 2025 implies a fiscal 2024 price target for AAXN stock of $100. Discounted back by 10% per year, that equates to a fiscal 2019 price target north of $60.So, with Axon stock trading around $50, fundamentals- supported upside into the end of the year looks good.Axon stock is a long-term winner that underwent some valuation friction headwinds in 2018. Those valuation friction headwinds are now in the rear-view mirror, and the stock has runway to stage a healthy recovery rally in 2019.As of this writing, Luke Lango was long AAXN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Demand In Police Tech Underpins Bullish Axon Enterprise Case appeared first on InvestorPlace.
Fifth Australian police agency joins the Axon network SCOTTSDALE, Ariz. , March 20, 2019 /PRNewswire/ -- Axon (Nasdaq: AAXN), the global leader in connected law enforcement technologies, today announced ...
Fifth state and provincial agency to join the Axon network SCOTTSDALE, Ariz. , March 19, 2019 /PRNewswire/ -- Axon (Nasdaq: AAXN ), the global leader in connected public safety technologies, today announced ...
POINT ROBERTS, Wash. and DELTA, British Columbia, March 15, 2019 -- Investorideas.com, a global investor news source covering tech stocks, releases a snapshot looking at VR.
Racial equity, criminal justice and policing experts bring fresh insights to the industry's first-of-its-kind ethics advisory board SCOTTSDALE, Ariz. , March 12, 2019 /PRNewswire/ -- Axon (Nasdaq: AAXN), ...
LOS ANGELES, March 05, 2019 -- Glancy Prongay & Murray LLP (“GPM”) Announces its investigation on behalf of Axon Enterprise, Inc. (NASDAQ: AAXN) investors concerning the.
Today we are going to look at Axon Enterprise, Inc. (NASDAQ:AAXN) to see whether it might be an attractive investment prospect. Specifically, we'll consider its Return On Capital Employed (ROCE),Read More...
Taser-maker Axon Enterprise Inc. is now out of challenges to patent for an auto-activated video system held by Lenexa-based Digital Ally.
Verizon and Cradlepoint among platinum sponsors for Axon Accelerate 2019 SCOTTSDALE, Ariz. , Feb. 28, 2019 /PRNewswire/ -- Axon (Nasdaq: AAXN), the global leader in connected public safety technologies, ...
Rockwell Automation's (ROK) performance likely to be supported by strength in heavy industries, growing investment and acquisitions.
Axon announces multiple domestic orders of body-worn, in-car and in-room cameras backed by digital data management solution Axon Evidence SCOTTSDALE, Ariz. , Feb. 27, 2019 /PRNewswire/ -- Axon (Nasdaq: ...