|Bid||204.41 x 1100|
|Ask||204.45 x 900|
|Day's Range||203.77 - 207.10|
|52 Week Range||129.77 - 207.10|
|Beta (5Y Monthly)||2.25|
|PE Ratio (TTM)||58.60|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||228.54|
I read an article on Bloomberg about Holocene Advisors. According to Bloomberg Holocene Advisors tripled its assets to $5.3 billion since its inception in 2017. That's probably because Holocene is a beta neutral hedge fund (I will explain what that means in a bit) and returned 9% in 2017, 3% in 2018, and 14% in […]
Lately, auto stocks have presented some interesting opportunities. Specifically, let's take a look at what's happening off and on the price charts of Tesla (NASDAQ:TSLA), General Motors (NYSE:GM) and Nio (NYSE:NIO) and detail positions where bulls and bears can profit with increased odds of success.It has been anything but a quiet market of late. On Thursday, it was a tweet that sent the S&P 500 rallying 0.85% and finishing at a new all-time high. And auto stocks came along for the ride with the First Trust Global Auto Index (NASDAQ:CARZ) climbing 1.32%.From his favorite medium, POTUS teased investors by announcing that a Phase 1 trade deal with China was "very close." And in a rare twist, it turns out the tweet wasn't fake news. A limited trade deal between the world's two largest economies was reached after the close of the U.S. market.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Worst Dividend Stocks of the Decade Now that levies are slated to have begun this weekend and existing tariffs are being rolled back on Chinese goods as part of a larger bilateral deal, surely it's time to park some money in auto stocks, right? It is. But, based on what the price charts of TSLA, GM and NIO stock are hinting at, there's profits to be made by both bulls and bears in auto stocks. Auto Stocks to Trade: Tesla (TSLA) Source: Charts by TradingViewThe first of our auto stocks is Tesla and it's a buy. The EV upstart went through a very difficult stretch earlier this year. But following the hard-hitting, corrective decline which landed TSLA stock into a band of longer-term Fibonacci support, shares have rebounded nicely since June. Over the last several weeks, shares have digested those gains in a constructive-looking consolidation high in the right side of its larger base near its all-time highs. Now shares are in position to be purchased after breaking out Thursday.Trading TSLA Stock: Buy this auto stock today. Expect new and meaningful highs to follow in 2020 given the healthy size base that's developed the last couple years. I'd set an initial price target at $450 for taking profits. To guard against downside exposure, a 10% stop is an effective way to eject safely in one piece from any potential bearish changes in TSLA stock's chart dynamics. General Motors (GM) Source: Charts by TradingViewThe second in our list of auto stocks is General Motors. This is a name I'd park in neutral with the expectation of buying in the near future. GM stock's monthly view shows that shares have been successfully holding lateral support within a larger uptrend for the last couple years. At the same time, since mid-2018, stochastics have been hinting of an upside resolution for bullish GM investors.Trading GM Stock: GM stock has already confirmed October's doji low last month before trading back inside the candlestick. It's a bullish signal, but obviously has turned more neutral given the price action. My suggestion is to wait for a second-attempt, trade-through entry above $38.29 before buying this auto stock. * 10 Best-Performing Growth Stocks of the 2010s Alternatively, if support continues to hold while a bullish crossover signals, a purchase of GM stock at lower levels is sufficient evidence to give a green light to buy shares on constructive-looking weakness. Nio (NIO) Source: Charts by TradingViewThe last of our auto stocks is China's Nio. Some Chinese stocks like Alibaba (NYSE:BABA) look great on the price chart. Others, such as Baidu (NASDAQ:BIDU), appear ready to turn the corner after coming under hard times of their own. But not NIO stock.Despite an alluring narrative, the price chart in NIO is still painting a bearish picture. Shares have rallied over the course of several weeks, but have now hit lateral, overhead resistance. What's more, a bearish topping candle on the weekly chart and overbought stochastics are warning new lows may be forthcoming.Trading NIO Stock: With confirmation of the bearish weekly pivot high in hand, NIO stock is technically worth shorting today. However, to gain exposure in this sub $2.50 auto stock and lower capitalization company, buying a limited and reduced risk bear put spread is the recommended and much smarter strategy.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade * 7 Tech Stocks to Stuff Your Stocking With * 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 The post 3 Auto Stocks to Trade, 2 Buys and 1 Short appeared first on InvestorPlace.
Unless you are a devout follower of the InfoWars website, you not only recognize the digital payments revolution but have participated in it. With physical cash becoming increasingly irrelevant in modern society, the long-term thesis for PayPal (NASDAQ:PYPL) is abundantly clear. Thanks to an intuitive interface and ease of use, it's not difficult to understand how PayPal stock has dominated the markets.Source: JHVEPhoto / Shutterstock.com Not only that, the opportunity for digital payments has rapidly gone international. Most notably, China has witnessed a dramatic shift in online and mobile payments, bolstering the case for not only the PYPL stock price but for rival businesses of Alibaba (NYSE:BABA) and Tencent (OTCMKTS:TCEHY). Given the trajectory of this development, it's highly unlikely that it will reverse course.Furthermore, PayPal stock benefits specifically from the underlying company's strong financial performances. In its most recent earnings report for the third quarter, PYPL's per-share profitability exceeded Wall Street's consensus target. Furthermore, the payment specialist beat out covering analysts' revenue target.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNaturally, the Q3 report sent the PYPL stock price higher. It wasn't just the beat on the key metrics that boosted investor confidence. Rather, PayPal demonstrated that more customers were using its platform to make financial transactions. According to a Reuters' write-up of the Q3 results, "Total payment volume (TPV), or the value of payments completed through PayPal's platform, rose 25% to $178.67 billion, beating estimates of $177.32 billion." * 7 Energy Stocks That Are Still Worth Buying In 2020 You couldn't ask for more. Except that the Street did. After a brief run, PayPal stock eventually gave up its post-earnings gains. After incurring some choppy trading, the PYPL stock price is basically back at square one.Although the wildness in shares is distracting, PYPL is built for the long haul. The Only Two Charts You'll Need to Understand PayPal StockTo put it bluntly, PayPal is a no-brainer. At some point, you'll want to have exposure to this organization's equity. About the only thing you'll need to consider is when you believe the PYPL stock price offers an attractive discount.Fundamentally, we discussed the broad catalyst for PayPal stock: the digital payments expansion. But as an investment, these two charts will likely convince you of PYPL's longer-term narrative, if you weren't already convinced.First, let's take a look at PayPal's TPV and its TPV growth rate. As mentioned above, Q3 was a standout quarter, delivering TPV of nearly $179 billion, translating to 25% year-over-year growth. Click to Enlarge Source: Chart by Josh Enomoto But what's truly remarkable here is that PYPL stock is not the newest kid on the block. It was under eBay (NASDAQ:EBAY) before spinning off. Thus, the law of small numbers doesn't apply in this case.However, the average growth rate in TPV since Q1 2018 is 25.6%. This rate is actually larger than the average rate of 24.8% registered between Q1 2015 through Q4 2017. In other words, as PayPal's TPV is growing nominally, its percentage gain is likewise growing.According to business mathematics, the relationship should be inverse: as metrics rise nominally, the percentage growth should decline. This is also known as the law of large numbers.Yet PayPal is rewriting the math book, delivering both robust nominal and percentage TPV gains. That's a huge tailwind that should serve PayPal stock well. * 10 Best-Performing Growth Stocks of the 2010s The other chart? Take a look at the correlation between the PYPL stock price and nominal TPV trends. Click to Enlarge Source: Chart by Josh Enomoto Visually, you can see an obvious direct relationship. Statistically, the two metrics share a 98% correlation coefficient. Stated differently, so long as TPV rises -- and it should -- PayPal stock will likely trek upward. Food for Thought on PayPal StockIn the first half of this year, PayPal stock gained 39%. But on a year-to-date basis, shares are up a little over 28%. That means in the second half of 2019, shares dropped over 8%.Moreover, PYPL has been flat since early August. Technically, this suggests that shares are in consolidation mode, with bulls and bears digesting the latest news.In this regard, I believe PayPal stock is setting up a contrarian opportunity. Although Q3 2019 results were impressive, what's more astounding is the company's body of work. This last earnings report was no fluke, although the Street is almost treating it as such. In my view, this moment is an easy buy.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post Two Charts Prove the Bull Case for PayPal Stock appeared first on InvestorPlace.
(Bloomberg) -- Saudi Aramco is poised to pay a combined $64 million to the banks that arranged the world’s largest initial public offering, a letdown for the Wall Street firms that pitched aggressively for a spot on the deal, people with knowledge of the matter said.The Gulf oil giant plans to pay the top local banks on the deal -- known as joint global coordinators -- 39 million riyals ($10.4 million) apiece, according to the people. The top foreign banks on the deal are set to each get 13 million riyals, or the equivalent of $3.5 million, the people said, asking not to be identified because the information is private.The figures represent the base fee being paid by Aramco, which will decide the amount of discretionary incentive fees at a later date, the people said. If Aramco opts to dole out additional money, most of it would likely go to the domestic banks that brought in the bulk of the IPO orders.Aramco raised $25.6 billion in its share sale, which became a local affair after foreign fund managers shunned its premium valuation. The base fee, representing 0.25% of the funds raised, pales in comparison to other large deals.IPO banks globally earned average fees equal to 4.1% of the deal size this year, up from 3.6% last year, according to data compiled by Bloomberg. Chinese internet giant Alibaba Group Holding Ltd., which raised $25 billion in its 2014 IPO, paid about $300 million to its underwriters including performance fees.Saudi Arabia didn’t need the Wall Street firms’ international networks after it scrapped roadshows outside the Middle East, turning instead to local retail buyers and wealthy families to shore up the deal. The foreign underwriters on the deal will barely make enough to cover their costs, Bloomberg News has reported.Aramco will pay local banks serving as bookrunners, a more junior role, about 5 million riyals each while foreign banks in that position will be paid about 2 million riyals apiece, the people said. The company declined to comment.(Updates with details of fee breakdown in third paragraph.)\--With assistance from Dinesh Nair.To contact the reporters on this story: Sarah Algethami in Riyadh at email@example.com;Matthew Martin in Dubai at firstname.lastname@example.org;Archana Narayanan in Dubai at email@example.comTo contact the editors responsible for this story: Ben Scent at firstname.lastname@example.org, ;Stefania Bianchi at email@example.com, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Smart speaker market in Asia-pacific (APAC) region is gaining steam on the back of growing efforts by Amazon (AMZN), Google, Alibaba, Baidu and Apple.
Rice Basket Queen is the name of a stall run by Ruri Ruhyaty in a bustling suburb of Jakarta. A year ago it was typical of thousands of others. Ms Ruri would place her fish and vegetable dishes on banana ...
2019 was one of the busiest years for IPOs, and the calendar was packed with big tech unicorns and popular consumer brands. Here are some of the hottest market debuts we saw this year.
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An inflation rate of 2.1% will send no one running for the hills; we might even look at these figures as somewhat "Goldilocks" \-- not too hot, not too cold.
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Zhang Dayi makes a living by livestreaming. And for her, it's turned into a very lucrative business. In fact, she's a millionaire. Dayi films herself talking about items of clothing and answers questions on anything from its sizing to smell. Ahead of China's online shopping festival "Double-12", the equivalent of e-commerce giant Alibaba's Single's Day, millions have watched her every move -- and provided affirmation in the form of 'likes'. The secret to her success? Well, she says it takes dedication, ambition and the direct communication that comes with livestreaming. (SOUNDBITE) (Mandarin) LIVESTREAMER AND SOCIAL MEDIA INFLUENCER, ZHANG DAYI, SAYING: "I started my (online) shop in the second half of 2014. At first, I used a form of photo and text (to interact with users), and then short videos, and then gradually used livestreaming as a tool to frequently chat with users. I think livestreaming is an all-around and more direct way of communication. Along with the development of the internet and changes to online platforms, we are also optimising ourselves. I think when it comes to us selling products, it (livestreaming) is a very effective way to convince users and communicate with them as well as establish trust with them." Dayi dipped her toe into the world of live-streaming when Alibaba started testing the service. She has four business -- which earned 48.6 million US dollars across the Singles Day event in November.