181.43 -0.71 (-0.39%)
After hours: 7:55PM EDT
|Bid||181.55 x 1300|
|Ask||182.05 x 900|
|Day's Range||180.85 - 183.36|
|52 Week Range||129.77 - 211.70|
|Beta (3Y Monthly)||1.76|
|PE Ratio (TTM)||52.08|
|Earnings Date||May 2, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||205.48|
Hedge fund managers like Andreas Halvorsen, Chase Coleman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
Amazon Is Capitalizing on These Key Advantages(Continued from Prior Part)Lyft commits to spending $300 million on Amazon cloud In the past few years, initial public offerings of tech companies brought a lot of good news for Google (GOOGL). For
A Look at Amazon's Latest Moves to Refresh Its Strategy(Continued from Prior Part)Amazon Restaurants begins operation in RichmondEarlier this month, Amazon (AMZN) introduced its food delivery service, Amazon Restaurants, in Richmond, Virginia,
Amazon Is Capitalizing on These Key Advantages(Continued from Prior Part)Mobile payment service for Mexico Amazon (AMZN) has teamed up with Mexico’s central bank to launch a new mobile payment service in the country, according to a report from
Cryptocurrency firm Alibabacoin has settled with the online retail titan Alibaba over the use of the name. Alibabacoin will stop using trademarks including the term ‘Alibaba’ after a lawsuit brought by Alibaba Group Holdings Ltd. The ABBC Foundation, the company behind the newly-named ABBC Coin, announced the settlement in a statement, reports Reuters. In October, Alibaba won a trademark injunction against Alibabacoin, which is based in Belarus and Dubai. The Alibaba Foundation, ABBC’s previous name, made claims in its white paper that it will use artificial intelligence for facial recognition purposes, which would be used for electronic payments and financial transactions. Legal row Earlier this month, Coin Rivet reported the Alibaba Group is considering blockchain implementation for cross-border supply chains. The post Chinese e-commerce giant Alibaba settles with Alibabacoin appeared first on Coin Rivet.
March 19 (Reuters) - Aisino Corp: * SAYS IT SIGNS COOPERATION AGREEMENT WITH ALIBABA (CHINA) ON AREAS INCLUDING CLOUD COMPUTING, SMART TECHNOLOGY AND BLOCKCHAIN DEVELOPMENT * SAYS CHAIRMAN YU LIANG RESIGNS ...
Amazon Is Capitalizing on These Key Advantages(Continued from Prior Part)Amazon cut royalties for video partners From dropping some suppliers as Bloomberg reported to discontinuing its pop-up kiosks program, Amazon (AMZN) has been shaking up many
A Look at Amazon's Latest Moves to Refresh Its Strategy(Continued from Prior Part)Amazon drops suppliers amid anti-counterfeit push Last month, Amazon (AMZN) launched a new anti-counterfeit program called Project Zero. Under this program, Amazon
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains details what to expect from Nike's (NKE) third-quarter fiscal 2019 financial results that are due out after the closing bell on Thursday, March 21.
A Look at Amazon's Latest Moves to Refresh Its Strategy(Continued from Prior Part)Amazon to stop selling Dash buttons In 2015, Amazon (AMZN) introduced a tiny stick-on device that allowed people to reorder staples from its marketplace with the push
Economic Slowdown Deepens, Central Banks Take Charge(Continued from Prior Part)China’s central bankWhile most of the major economies are expected to grow at a slower pace this year compared to 2018, China’s economic slowdown has been getting
A Look at Amazon's Latest Moves to Refresh Its StrategyAmazon dropping controversial pricing policy Amazon (AMZN) is ending a policy that prohibits third-party merchants from selling their items at lower prices on other platforms than they do on its
Economic Slowdown Deepens, Central Banks Take ChargeCentral banksThe 2019 economic growth outlook was always a sore point for markets. The broader market (SPY) sell-off that we witnessed in the fourth quarter could be partially due to the
March 18 (Reuters) - Alibaba Health Information Technology Ltd: * ENTERED INTO SUBSCRIPTION AGREEMENT WITH IK HEALTHCARE HOLDINGS LIMITED * UNIT TO SUBSCRIBE FOR 433,082 NEW SHARES IN IK HEALTHCARE HOLDINGS ...
The Latest Updates from Microsoft and IBMMicrosoft says relationship with Foxconn is important Microsoft (MSFT) recently sued Foxconn, formally known as Hon Hai, in a patent dispute. Microsoft filed the suit in a United States district court in
A Global Slowdown Seems Definite but Markets Have Other WorriesGlobal slowdownToday, the Bank of Japan maintained its monetary policy but sounded less optimistic on the economy, stating that “exports and output have been affected by slowing
In late 2018, the stock market was in sell-off mode. Tech stocks were hit particularly hard. Concerns related to slowing growth, rising rates and tech regulation, among other things, significantly weighed on the valuations of high-flying tech stocks. By December 2018, many of the market's favorite tech darlings were more than 20% off all-time highs.Hedge funds bought that dip. According to data on 50 hedge funds from Citi Research, a bunch of hedge fund managers turned bullish on tech stocks in late 2018, and bought tech stocks in bulk.It was a bold move that paid off. In early 2019, tech stocks have staged a huge comeback, with the NASDAQ-100 up 15% year-to-date. It's only March. In other words, tech stocks have had one of their best starts to a calendar year in recent memory.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWill this rally in tech stocks continue? Yes. There will inevitably be some turbulence going forward. But, the long-term uptrend in tech stocks will be preserved by healthy global economic fundamentals, robust consumer confidence, low rates, reasonable valuations and powerful secular tailwinds across the whole tech industry. * The 10 Best Stocks to Buy for the Bull Market's Anniversary Which tech stocks will lead this rally? To answer that, I think we should look at the five tech stocks that hedge funds had broad exposure to in late 2018. Facebook (FB)Source: Shutterstock According to Citi Research, hedge funds grew exceptionally bullish on shares of Facebook (NASDAQ:FB) during the late 2018 selloff. In the third quarter of 2018, only six hedge funds owned Facebook stock. In the fourth quarter of 2018, that number grew to 15, making it the most owned hedge fund stock on Citi's list.Why did hedge funds buy the dip? Because the existential data crisis that defined Facebook stock in 2018 was way overstated and plunged Facebook stock into deeply undervalued territory. Hedge fund managers recognized this, and further recognized that 2019 would be way better in terms of the numbers. As such, they bought the late 2018 dip in Facebook stock in bulk ahead of what they expected to be a 2019 rally.Good call. Year-to-date, Facebook stock is up more than 30%. This rally will continue. Facebook stock remains cheap, at just 23-times forward earnings for a company growing revenues at a steady 20%-plus rate. Margins will also turn around this year. Profit growth will come back into the picture. As it does, estimates will move higher. The multiple will expand. And Facebook stock will rise. Microsoft (MSFT)Source: Shutterstock According to Citi Research, hedge funds love shares of Microsoft (NASDAQ:MSFT). In the fourth quarter of 2018, it was the second most owned hedge fund stock on Citi's list, with 14 hedge funds owning Microsoft stock. But, interestingly enough, hedge funds actually lessened exposure to Microsoft stock during the late 2018 selloff. In the third quarter of 2018, a whopping 21 hedge funds owned Microsoft stock.Hedge funds love Microsoft stock because it's a pure play on the secular cloud revolution which is happening everywhere across the globe. There's also a lot of stability behind this company, a long track record of success, a great CEO and a bunch of other non-cloud businesses that are progressing nicely, too. But, hedge funds grew less fond of Microsoft stock in the fourth quarter because of one thing: valuation. While other tech stocks dropped big in late 2018, Microsoft stock dropped by far less, making it relatively more expensive. Hedge fund managers recognized this and cut exposure to MSFT while increasing exposure to more beaten up tech stocks. * 5 of the Best Stocks to Buy Under $10 Year-to-date, Microsoft stock is up more than 10%, so the hedge funds that held on are happy. They will continue to be happy so long as they maintain the buy-and-hold strategy with MSFT stock. This is a secular growth company powered by a red-hot cloud business that isn't going to slow anytime soon, and the valuation on the stock (25 forward earnings) is reasonable considering cloud and AI-related upside. As such, so long as the financial markets are healthy, Microsoft stock should remain on an uptrend. Alphabet (GOOG)Source: Shutterstock Much like Facebook, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) was a popular hedge fund buy in late 2018. During the third quarter of 2018, only eight hedge funds on Citi's list owned Alphabet stock. In the fourth quarter of 2018, that number rose to 13 hedge funds.Hedge funds bought the dip in GOOG stock for the same reasons they bought the dip in FB stock. In 2018, data privacy concerns related to Google's advertising business were grossly overstated, and created an unnecessary amount of pressure on GOOG stock. Hedge funds recognized that Google's advertising business was going to be just fine, and bought the valuation dip in GOOG stock.Just like with FB, the GOOG buy was a good call. Year-to-date, GOOG stock is up 15%. This rally will continue. The fundamentals here are still very good, supported by big growth digital ad, cloud and hardware businesses. Plus, the company has a bunch of unrealized upside potential in AI and self-driving, the sum of which could be a big needle-mover for this stock. Meanwhile, the valuation is favorable at just 25 forward earnings. Thus, you have a healthy growth company trading at a reasonable valuation, a combination that will keep GOOG stock on a winning trajectory for the foreseeable future. Amazon (AMZN)Source: Shutterstock E-commerce and cloud giant Amazon (NASDAQ:AMZN) was another big tech stock that hedge funds bought the dip in during the late 2018 selloff. Heading into the selloff, only eight hedge funds on Citi's list owned Amazon stock. By the end of 2018, 12 hedge funds on Citi's list owned Amazon stock.Hedge funds grew bullish on Amazon stock in late 2018 because the stock overreacted to e-commerce slowdown concerns. Specifically, Amazon's e-commerce business has been slowing for several quarters amid heightened retail competition. That slowdown became apparent in late 2018. Amazon stock dropped. But, it dropped without acknowledging that everything else at Amazon was firing on all cylinders. Hedge fund managers saw everything else and bought the e-commerce slowdown dip in Amazon stock. * 7 ETFs to Buy to Ride the Longevity Economy That was a good buy. Year-to-date, Amazon stock is up 12.5%. The reality here is that Amazon doesn't need big e-commerce growth to power gains in Amazon stock. The company's other businesses, including cloud and digital ads, are growing at a rapid rate. Those businesses also have very high margins, meaning that Amazon's profits will actually grow tremendously over the next several quarters and years as revenues get a bigger contribution from higher-margin businesses. This profit growth will show up in the numbers this year. When it does, investors will rush back into Amazon stock, and the stock will head higher. Alibaba (BABA)Source: Shutterstock The fifth most commonly owned stock among the world's largest hedge funds in the fourth quarter of 2018 was Alibaba (NYSE:BABA). Of the 50 hedge funds Citi tracks, nine of them owned Alibaba stock in late 2018. Interestingly, that's up only one fund from the third quarter of 2018, despite BABA stock dropping further in the fourth quarter.Hedge funds didn't want to quit on Alibaba stock in late 2018 because it was a big growth stock that was only getting cheaper. But, they also didn't want to buy in bulk, either, because hedge fund managers knew that the one catalyst Alibaba stock needed to rebound (a U.S.-China trade war resolution) remained elusive.It is no longer elusive today. In 2019, trade talks between the U.S. and China have progressed at a promising rate, and the current consensus is that a resolution is not far away. As such, Alibaba stock has started its rebound. This rebound will continue. You have a 40%-plus revenue growth company with potentially stabilizing margins, in a still under-developed and rapidly growing Chinese digital economy. The stock trades at less than 35 forward earnings against that favorable backdrop. That multiple is pretty attractive for such robust growth exposure. As such, BABA stock should continue to attract buyers in 2019.As of this writing, Luke Lango was long FB, GOOG and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 5 Stocks That Hedge Funds Love appeared first on InvestorPlace.
Using the Global X MSCI China Consumer Discretionary ETF (CHIQ) as the gauge, it appears consumers in the world's second-largest economy are increasingly healthy. CHIQ is higher by nearly 23% year-to-date. The exchange traded fund, which tracks the MSCI China Consumer Discretionary 10/50 Index, is beating the largest US-focused consumer discretionary ETF by a margin of almost 2-to-1.
A Look at PayPal’s International Opportunities and Challenges(Continued from Prior Part)Xoom global transfer limit raised to $50,000Early this month, in a challenge to Western Union (WU) and MoneyGram (MGI), PayPal (PYPL) raised the upper limit of
A Look at PayPal’s International Opportunities and Challenges(Continued from Prior Part)Processing fee payment for Indian schools PayPal (PYPL) hasn’t rested since it launched domestic operations in India in late 2017. In addition to facilitating
A Look at PayPal’s International Opportunities and Challenges(Continued from Prior Part)PayPal’s EMEA head steps downThe departure of PayPal’s (PYPL) longtime executive Louise Phelan leaves the company with big shoes to fill in a key market
A Look at PayPal’s International Opportunities and ChallengesEU wants its banks to challenge PayPalIn 2018, the European Central Bank launched a new platform for the settlement of instant payments across the European Union. The platform—known as
Trump-Xi Meeting Postponed: How Markets Could React This MonthUS markets this yearUS markets have mostly been in party mode this year, driven by the Fed’s U-turn on rate hikes and optimism about US-China (SPY) (FXI) trade talks. If one of
Alibaba (BABA) joins forces with Safaricom to enable Kenyans to make payments via their M-Pesa wallet while shopping on AliExpress.com.