|Bid||0.00 x 1000|
|Ask||0.00 x 28000|
|Day's Range||14.98 - 15.01|
|52 Week Range||7.61 - 25.81|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Aiven, a Finnish provider of managed cloud service hosting for software infrastructure services, is planning an expansion of its currently limited Boston presence following the closing of a $40 million round of funding.
CenturyLink (NYSE: CTL) is expanding its employee benefits to include child care, aging adult care and even pet care — some of which will be subsidized by the company. The Monroe, Louisiana-based telecommunications giant is partnering with Care.com (NYSE: CRCM) to offer extended care benefits to its full-time U.S. employees, using a customized version of Care.com’s business offering, Care@Work. “Here at CenturyLink we are continuously looking for ways to help employees manage the things that are really important to them outside of work,” Stephanie Calhoun, vice president of talent management for CenturyLink, told Denver Business Journal.
Care.com (CRCM) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Clinton, who joined IAC/InterActiveCorp’s board in 2011, has seen the value of her shares surge. The stock of the Internet-brands firm has trounced the S&P 500.
Amid escalating U.S.-China trade tensions and slowing global economic growth, corporate mergers & acquisitions (M&A) activity took a backseat in 2019. That is, because corporate leaders across the globe have been unsure as to where the economy is going next, they have not aggressively looked to acquire other companies over the past twelve months.That could change in a big way in 2020. U.S.-China trade tensions are easing and geopolitical uncertainty is fading from the economic landscape. Global economic activity is rebounding. Corporate leaders are getting more confident. When you put all those ingredients together, and throw in the fact that 2019 was a weak year for M&A, then 2020 could be a really big year.Fortunately for investors, a buyout is one of the quickest ways to make money in the stock market. That is, if you own the stock of company X, and company X gets bought out by company Y at a 25% premium, then company X stock usually jumps 25% in a single day. For recent examples, see Fitbit (NYSE:FIT) or Care.com (NYSE:CRCM).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 2019 Winners That Will Be 2020 Losers With that in mind, I've put together a list of seven stocks which look like strong buyout targets in a rebounding 2020 M&A market. Will all these stocks be taken out at big premiums? No, but a handful of them could, and that alone makes these stocks worth looking at this year. Shopify (SHOP)Source: Jirapong Manustrong / Shutterstock.com Potential Suitors: Amazon, Walmart, eBayE-commerce solutions provider Shopify (NYSE:SHOP) has leveraged direct and decentralized retail tailwinds to go from nascent player in the global retail market a few years back, to the backbone of many company's e-retail operations today. In so doing, the company has started to rub elbows with big retail giants like Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and eBay (NASDAQ:EBAY), all of whom operate marketplace-style e-commerce sites that are losing share to Shopify's merchant site-centric model.These online retail players can either choose to compete with Shopify, or acquire Shopify. I have a feeling that "acquire" may be what these big retailers choose, seeing as Shopify still isn't that big (sub-$50 billion market cap) and has a ton of momentum (50%-plus sales and volume growth rates).If so, then you could see the likes of Amazon, Walmart, eBay, and others engage in a bidding war over Shopify in 2020. Domino's Pizza (DPZ)Source: Ken Wolter / Shutterstock.com Potential Suitors: Restaurant Brands InternationalOne of the most rapidly consolidating sectors in the world is the fast casual pizza category. Four of the top 10 pizza chains in America have been acquired over the past eight years, including Papa Murphy's, California Pizza Kitchen, Round Table Pizza, and Cici's. Next up, America's largest pizza chain -- Domino's Pizza (NYSE:DPZ) -- could become number five in 2020.There have been murmurs that Restaurant Brands International (NASDAQ:QSR), the parent company of Burger King and Popeye's, wants to add another top brand to its restaurant portfolio soon. One brand that Restaurant Brands doesn't have in its portfolio is a pizza brand. The top pizza brand in America in terms of sales and momentum is Domino's. Seems like a perfect marriage, no? * 7 Stocks to Buy for January and Beyond As such, I wouldn't be surprised to see Restaurant Brands make a play for Domino's in 2020. Target (TGT)Source: Robert Gregory Griffeth / Shutterstock.com Potential Suitors: Amazon, WalmartCalendar 2019 was the year that Walmart and Target caught up to Amazon in the e-commerce game by building out equally large digital businesses with sprawling omni-channel capabilities. In response, Amazon tried to break into the physical retail world. But such attempts have fallen short, and Amazon's presence in the physical retail world remains minimal.That leaves Amazon at a relative disadvantage to Walmart and Target, both of whom have big online and offline presences. As time goes on, Amazon increasingly needs to establish an offline presence. What better way to do that than by simply acquiring an offline retail giant? And what better offline retail giant to acquire than Target? Target is the hottest name in retail right now, with an underlying demographic that largely matches the Amazon Prime demographic. Amarin (AMRN)Source: Pavel Kapysh / Shutterstock.com Potential Suitors: Pfizer, Amgen, NovartisIn late 2018, bio-pharmaceutical company Amarin (NASDAQ:AMRN) cracked the fish oil code, and created a fish oil pill (called Vascepa) which actually reduces the risk of a cardiovascular event (other fish oil pills have tried very hard to do this; none have actually done it).Over the past twelve months, sales of Vascepa have skyrocketed -- and that's before FDA approval, which was just granted in late 2019. Now, in 2020, Vascepa will be the first and only FDA-approved therapy for treating persistent CV risk beyond statin therapy.That's a big deal. Other big drug companies are taking notice. They've tried very hard to do what Amarin has accomplished but with little success. As such, given how far ahead Amarin is in the fish oil market and the huge blockbuster hit that its core therapy Vascepa seems positioned to be, it is likely that a big biotech firm makes a play for Amarin in 2020 to get in early on what will be huge sales and profit growth over the next three to five years. * 7 Strong Retail Stocks Still Worth a Look The potential suitors? Maybe Pfizer (NYSE:PFE), Amgen (NASDAQ:AMGN), or Novartis (NYSE:NVS). In other words, there is no shortage of potential suitors here, and that could ultimately result in Amarin being taken out at a huge premium. Under Armour (UAA)Source: 2p2play / Shutterstock.com Potential Suitors: Amazon, Nike, AdidasAthletic apparel maker Under Armour (NYSE:UAA) has been the eyesore of an otherwise red-hot athletic apparel market for the past several years. Despite the company's struggles, Under Armour is still one of the top five preferred and most known brands in this market alongside Nike (NYSE:NKE), Adidas (OTCMKTS:ADDYY), Skechers (NYSE:SKX), and Lululemon (NASDAQ:LULU). Also, because of its struggles, UAA stock is the cheapest in the group by a mile. Naturally, that makes Under Armour an attractive acquisition target for a larger retailer trying to jump into the athletic apparel game.Who fits that bill? Amazon. They have been trying to create their own athletic apparel brand for several years now, with very little success. Nike also just pulled out of its deal with Amazon, so the company has a big hole in its retail empire when it comes to athletic apparel. One way to fill that hole would be to acquire Under Armour, and turn UAA into the Amazon athletic apparel brand that the company has tried to establish for so long.Nike could also make a play for Under Armour. As could Adidas. That's simply a result of consolidation in the athletic apparel market, as the two giants of the industry look for every angle to out-compete one another. iRobot (IRBT)Source: Grzegorz Czapski / Shutterstock.com Potential Suitors: Amazon, Facebook, Apple, AlphabetAlphabet's (NASDAQ:GOOG) big acquisition of Fitbit earlier this year -- along with reports that Facebook (NASDAQ:FB) held similar Fitbit takeover talks -- speaks to one of the more important recent trends in big tech: big tech companies are aggressively and rapidly looking to build out their smart product ecosystems, so as to increase the volume of data they have on consumers, which they can turn around and monetize via multiple channels.Because of this trend, consumer robotics leader iRobot (NASDAQ:IRBT) could fetch a bid from a big tech giant in 2020. iRobot makes unique smart home products, like robotic vacuum cleaners, pool cleaners, and lawnmowers. Each of those products gathers tremendous data with respect to the layout of a consumer's home. No big tech company has any exposure into this consumer robotics market, nor do they have insight into the data which iRobot collects. * 7 'A'-Rated Stocks to Buy Under $10 Consequently, big tech will inevitably want a piece of the consumer robotics pie. iRobot is the best game in town in that space. Putting two and two together, then, iRobot could fetch a sizable bid from a big tech suitor in 2020 like Apple (NASDAQ:AAPL), much like Fitbit did in 2019 from Google. Rite Aid (RAD)Source: Jonathan Weiss / Shutterstock.com Potential Suitors: Amazon, Walgreens, CVSIn an interesting twist in the Rite Aid (NYSE:RAD) narrative, the very companies which drove this specialty retailer to the brink of extinction in the 2010s could save the company in the 2020s. That is, while the likes of Amazon, Walgreens (NASDAQ:WBA), and CVS (NYSE:CVS) created tremendous competitive pressures that made Rite Aid largely irrelevant last decade, those same companies may actually try to acquire Rite Aid as the specialty retail world consolidates in 2020.The writing appears to be on the wall here. Amazon wants a physical retail presence. They also want to get into the pharmacy business. Buying Rite Aid allows them to do both of those things at a very cheap price. Sure, they'd have to remodel and re-organize some stores, but that's a very doable task for a $900 billion company.As such, it seems like Amazon is positioned to make a bid for Rite Aid soon. They won't be the only suitor. Both Walgreens and CVS are in direct competition with Amazon, and would do anything to keep Amazon out of the physical pharmacy game. That includes out-bidding Amazon for Rite Aid.The result? You could get a big bidding war for Rite Aid in 2020.As of this writing, Luke Lango was long WMT, SHOP, NKE, UAA, SKC, LULU, FB, AAPL, and CVS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Winners That Will Be 2020 Losers * 5-Year Returns for 5 Dow Jones Stocks Entering 2020 * 5 Semiconductor Stocks to Buy for Big Gains In 2020 The post 7 Buyout Targets to Watch For 2020 appeared first on InvestorPlace.
New York-based IAC is acquiring online marketplace Care.com Inc. in an all-cash transaction valued at $500 million, the companies announced Friday.
Care.com (NYSE: CRCM ) shares are trading higher after the company announced it will be acquired by IAC/InterActiveCorp (NASDAQ: IAC ) for $15 per share in an all-cash transaction of $500 million. This ...
Benzinga Pro's Stocks To Watch For Friday Apple (AAPL) - Shares were modestly higher Friday morning following several items: 1. Piper Jaffray analyst Mike Olson raised his price target on Apple from $290 ...
Shares of Care.com Inc. spiked up 13% in premarket trading Friday, after the online marketplace for finding family care announced an agreement to be acquired by IAC/InterActiveCorp. in a cash deal valued at $500 million. Under terms of the deal, IAC will pay $15 for each Care.com share outstanding, which is 13.2% above Thursday's closing price of $13.25 and implies a market capitalization of $491.6 million. The deal is expected to close in the first quarter of 2020. "Family care is exciting new territory for us-and an accelerating market as demand for both child and senior care intensifies worldwide," said IAC Chief Executive Joey Levin. Care.com's stock has run up 30.5% over the past three months through Thursday, but has tumbled 31.4% year to date. The S&P 500 has rallied 27.9% this year.
Rent-A-Center (RCII) is focusing on cost containment, efforts to draw traffic trends, targeted value proposition and augmentation of cash flow. It is rationalizing store base and cutting debt load.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Sheila Lirio Marcelo is an immigrant. She's Filipina. She's also an American. She's wife, a mother and a daughter. And amidst all of these identities, Lirio Marcelo is a founder and CEO of Care.com, a company she founded in 2006 to ease the difficulties of the many identities parents face as mother and father and business professionals.
Zacks.com featured highlights include: Care.com, Tenet Healthcare, Fortinet, Navient and SPS Commerce
Rent-A-Center's (RCII) third-quarter 2019 earnings miss the Zacks Consensus Estimate, while sales surpass the same. Also, management revises full-year guidance.
Care.com (CRCM) delivered earnings and revenue surprises of 10.00% and 2.01%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?