|Bid||252,345.00 x 900|
|Ask||270,869.72 x 800|
|Day's Range||268,095.00 - 272,500.00|
|52 Week Range||239,440.00 - 347,400.00|
|Beta (5Y Monthly)||0.79|
|PE Ratio (TTM)||44.01|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||334,000.00|
The shares of StoneCo Ltd. (NASDAQ: STNE) surged in the after-hours session on Tuesday, as the Brazilian financial technology company reported earnings for its first quarter ending March.Q1 Earnings StoneCo posted a total revenue of $134 million, up 33% from the $100.2 million reported in the same quarter a year ago.The earnings per share for the quarter stood at 11 cents, slightly lower than the 12 cents EPS posted a year ago.StoneCo said total payment volume increased 42.1% year-on-year to $7 billion, giving investors a cause for optimism.View more earnings on STNEIt further noted that the TPV had increased 52% YoY by mid-March, before being impacted by the novel coronavirus (COVID-19) pandemic.The lockdowns imposed to curb the spread of the virus forced many of its clients to suspend operations, either partially or completely, according to StoneCo.Warren Buffet's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) holds a stake in the fintech company.Price Action StoneCo shares traded 27.3% higher in the after-hours session at $34, after closing the regular session 9.2% higher at $26.70.See more from Benzinga * 'FAANG Stocks Are Strong Once Again,' Facebook, Amazon, Netflix Hit Record Highs Last Week * Goldman Sachs Plans To Expand Cash Management To Europe Despite Coronavirus Impact * Novavax Begins Phase 1 Clinical Trial Of Its Coronavirus Vaccine(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
DEEP DIVE (Updates story with closing prices for airline stocks.) Investors are pouring money into airline stocks as the government eases restrictions on social activity and travel. Below is a list of U.
Giverny Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. You should check out Giverny Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds […]
There’s a big debate now about whether Warren Buffett has “lost his touch.” While Buffett’s Berkshire Hathaway (BRK)(BRK) booked substantial losses dumping airlines stocks in the late first-quarter weakness in the sector, insiders at close to half a dozen airlines bought lots of their stock — including the airlines Berkshire sold. In a direct challenge to the Oracle of Omaha, insiders racked up the kind of sector-wide buying I look for to support a bullish industry call in my stock newsletter Brush Up on Stocks.
The coronavirus pandemic has smashed the tourism industry, but these companies seem ready for a massive rally.
* Insider buying can be an encouraging signal for potential investors. * Directors stepped up to make sizable share purchases last week. * Some of those transaction came in the wake of earnings reports.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market volatility and global economic gloom. Here are some of the most noteworthy insider purchases reported in the past week.Sysco Activist investor Nelson Peltz and one other SYSCO Corporation (NYSE: SYY) director each indirectly added 103,700 shares of this food services giant to their stakes. At per-share prices ranging from $50.29 to $52.27, that totaled more than $10.74 million altogether. Note that these two directors also purchased 600,000 shares each in the previous week.Sysco's disappointing fiscal third-quarter earnings posted earlier this month were followed by lowered price targets. The stock ended last week's trading at $51.75 per share, still within the above purchase price range. The share price is up more than 47% since its year-to-date low in March.Berkshire Hathaway Berkshire Hathaway Inc. (NYSE: BRK-B) saw a director purchase nearly 1,000 shares of this Omaha-based conglomerate last week at $173.30 per share. The same director also bought eight of the class A shares via family trust. Those cost $261,002.63 apiece. The total for these transactions was more than $2.26 million.CEO Warren Buffett has been uncharacteristically cautious so far this year. The B shares ended last week up about 3% to $175.07, while the A shares were last seen trading at $263,094.00 apiece. The timing of that director's purchases seems fortunate.Mercury General Mercury General Corporation (NYSE: MCY) founder and board chair George Joseph stepped up to the buy window again last week. He bought more than 84,000 shares for $38.72 to $38.86 apiece, which totaled almost $3.28 million. Joseph also purchased over 447,000 shares in the previous week.Shares of this Los Angeles-based insurer closed most recently at $39.24 a share. That is above the most recent purchase price range. It is also more than 10% higher than the year-to-date low during the pandemic panic selling back in March, and the analysts' consensus price target is up at $44.See also: Activist Investor Nelson Peltz Says He Is Putting New Capital To WorkIn addition, note that there was some amount of insider buying at Arch Capital Group Ltd. (NASDAQ: ACGL), Arconic Corp (NYSE: ARNC), Carrier Global Corp (NYSE: CARR) and Green Dot Corporation (NYSE: GDOT) last week as well.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Barron's Picks And Pans: Berkshire Hathaway, Carvana, Madison Square Garden And More * Bulls And Bears Of The Week: Caterpillar, Facebook, Microsoft And More * Barron's Picks And Pans: Berkshire Hathaway, Disney, SoftBank And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The coronavirus crisis has effectively reset the board. While both the economy and stock market will someday return to their earlier-year strength, neither will look the same. That means some of the best stocks to buy right now might look much different from top picks just a few quick months ago.The market might very well have another leg down. It's far too early to say we're out of the woods given that most of America is under quarantine and we have yet to see what first-quarter earnings and second-quarter guidance looks like. But we're getting late in the game for a truly defensive posture. That's closing the barn door after the horse has already bolted. While a few protective picks might be in order, now is the time to start planning for the next bull market.Even professional bears are seeing the light at the end of the tunnel."I'm selectively buying in my personal accounts," says John Del Vecchio, co-manager of the AdvisorShares Ranger Equity Bear ETF (HDGE). "There were plenty of companies that went into this crisis on life support, kept alive by cheap debt. You're going to see a lot of these companies fail. But at the same time, a lot of high-quality blue chips are on sale right now at prices we may never see again in our lifetimes."Many companies will be gutted. It might take years for airlines to return to pre-crisis passenger numbers, and they might go through bankruptcy or a government conservatorship in the meantime. Likewise, retailers and restaurants might be dealing with the fallout from lockdowns for months or years, as will their banks and landlords.However, some of Wall Street's best stocks could come out of this with relatively minor scratches. Many have massive stores of cash that will help them weather short-term profit drops. Some might actually benefit from a coming recession by picking up market share when its competitors fold. Many of these beneficiaries are tech stocks, but certainly not all. Plenty are in the gritty, old-fashioned real economy.Today, we'll look at 20 of the best stocks to buy now as investors shift their focus to the recovery. These companies boast a blend of well-positioned businesses, strong balance sheets and/or leading positions within their industries. SEE ALSO: 25 Dividend Stocks the Analysts Love the Most
Some Wall Streeters believe the absence of live sports has led gamblers to wager on shares, contributing to the market’s comeback from the March plunge. Will they stick with stocks when games return?
Maybe you've had some cash on the sidelines as major market indices have rebounded sharply from lows in March and feel like you've missed all the good investment opportunities. Consider buying shares of tech giant Apple (NASDAQ: AAPL), insurance and investment conglomerate Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A), and data-driven ad-buying specialist The Trade Desk (NASDAQ: TTD). One of the rare high-quality stocks still trading near the low it saw in March is Berkshire Hathaway -- the insurance and investment conglomerate led by famed investor Warren Buffett.
You need to keep up on Warren Buffett stocks, because while the Berkshire Hathway chief sticks to a winning investing formula, that doesn't mean sitting still.
The world's most legendary investor doesn't exactly heed one of the most embraced tenets of building a portfolio.
There's been a lot of consternation regarding Warren Buffett's conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) lately. During the huge March sell-off, Berkshire, known for its contrarian value bets, didn't buy much of anything. In fact, Berkshire was a net seller of equities amid the rout, exiting Berkshire's airline stocks and selling more of its bank stocks than it bought.
Berkshire Hathaway sold its remaining stake in Phillips 66. I don't plan to follow Buffett's move.
Many active investors buy stocks on the hope of scoring outsize returns by purchasing the next Apple or Tesla. They also might remember eras such as the dot-com bubble or the housing boom and assume that investing is a path to easy money.
(Bloomberg) -- Warren Buffett was willing to stand by Goldman Sachs Group Inc.’s side during the last economic crisis, at least for the right price. Now, he’s bailing out just as the pandemic throws the U.S. economy onto uncertain terrain.Berkshire Hathaway Inc. sold 84% of its Goldman Sachs stock in the first quarter, marking a reversal for an investor who generally holds large stakes in the banking sector. It was one of the most notable changes in Berkshire’s more-than $180 billion portfolio in the period, as the bank underperforms the broader U.S. market.Buffett traces his relationship with Goldman Sachs back to a meeting with the bank’s longtime head, Sidney Weinberg, in 1940. The billionaire investor routinely praised former Chief Executive Officer Lloyd Blankfein as he led the Wall Street firm through the last financial crisis. Then Berkshire started paring its stake during the last few months of 2019 -- after David Solomon had succeeded Blankfein as CEO -- and deepened that cut in the first quarter, nearly bringing the investment to an end.“He has this historical relationship with Goldman, so maybe there’s some sentimental value,” said David Kass, a professor of finance at the University of Maryland’s Robert H. Smith School of Business. “But of course, Buffett’s primary concern is efficient allocation of capital.”Buffett’s set-up is different this time around. During the 2008 crisis, Goldman Sachs tapped Berkshire to invest in preferred stock, offering a 10% annual dividend and warrants. Buffett said in 2009 that, while he had a good relationship with the bank, it was primarily the terms that attracted him.Those preferred shares are long gone. Berkshire now holds only common stock in the lender, a stake that dwindled to 1.92 million shares at the end of the first quarter, from a high of more than 18 million shares. It’s not known if or how the stake may have changed since then.Buffett’s retreat followed Solomon’s rise to the top job in October 2018. An investment banker by trade, Solomon has been pushing the firm deeper into less-familiar terrain with transaction banking and deposit gathering, making it look more like its rivals. Buffett has rarely discussed Solomon in public.Solomon’s style may clash with that of the famously frugal CEO of Berkshire. The bank ordered a pair of Gulfstream private jets late in 2019 to ferry executives around the globe, after years of using Berkshire’s own NetJets business.Berkshire didn’t respond to a message seeking comment and Goldman Sachs declined to comment.Buffett’s dealings with investment banks in general may make him more cautious toward the sector. He had a tumultuous ride with a bet on Salomon Inc., where he had to step in as interim chairman in 1991 and appear before Congress after the company admitted to violating Treasury auction rules. Buffett’s longtime business partner, Berkshire Vice Chairman Charlie Munger, put it more succinctly around four years ago: The pair tends to fear investment-banking business more than they love it.“He’s always been a little skittish about investing in investment banks after getting somewhat burned in the Salomon experience,” Kass said.Still, Buffett has been willing to praise investment bankers he admires. He frequently turned to Byron Trott, a former Goldman Sachs banker who later founded BDT Capital Partners, for acquisitions, noting that Trott “earns his fee.”Buffett, 89, has been bullish on the banking sector. He’s the largest investor in Bank of America Corp. and has praised its CEO, Brian Moynihan. Berkshire has continued to be the biggest shareholder in Wells Fargo & Co. as it worked through the fallout from a sales scandal. And while Berkshire trimmed its stake in JPMorgan Chase & Co. in the first quarter, it boosted a holding of PNC Financial Services Group Inc.Berkshire and Goldman Sachs are gearing up for the worst economic landscape in recent years. Buffett signaled caution at his annual meeting earlier in May, saying that his record cash pile of $137 billion wasn’t that huge when he looked at worst-case possibilities. He even dumped Berkshire’s stakes in four major U.S. airlines.Meanwhile, Goldman Sachs suffered an almost $900 million hit on its investment portfolio in the first quarter, normally a lucrative business in better economic conditions.“Historically, the banks have been a bellwether for the good and the ill of external events, because ultimately it’s kind of the choke point for the financial system,” Blankfein said Monday in a Bloomberg TV interview.Investors, at least “since the financial crisis have had an arched eyebrow when approaching investments in banks,” Blankfein said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.