|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's Range||59.91 - 62.89|
|52 Week Range||38.02 - 73.35|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||80.48|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.62|
A positive trade-war tweet from President Donald Trump sent stocks soaring on Tuesday, although there is some hesitation now as investors turn to the Federal Reserve meeting on Wednesday. Will it end the rally or ignite it even higher? Let's look at some top stock trades. Top Stock Trades for Tomorrow No. 1: Boeing Click to Enlarge An improving trade situation is big for Boeing (NYSE:BA), but so is the Paris Air Show. The company landed a deal with Amazon (NASDAQ:AMZN), another with Korean Air, and can look to move forward on a massive deal with Chinese airlines should the trade war take a few positive steps forward.That's being reflected in the charts, with Boeing stock jumping more than 0.9% on Tuesday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's an important move, with BA stock over $360-range resistance for the first time in a month and over the 50-day moving average for the first time since March, when the 737 MAX incident occurred. It's also hurdling its 200-day in the process.$380 seems like a reasonable first target, with $400 as the next level beyond that. Back below $360, traders my want to stop out. Top Stock Trades for Tomorrow No. 2: Etsy Click to Enlarge Etsy (NASDAQ:ETSY) stock tried to push through $70 resistance and couldn't do it -- even on a day where tech stocks are up big.However, it's holding the 20-day and 50-day moving average confluence, which bodes well for short-term dip-buyers. Investors who take a shot here need to see uptrend support (purple line) hold if the 50-day fails as support.Others may wait for a breakout over $70, which could send Etsy stock to its March highs near $73.35, and higher should it rally above it. Is Etsy the next Amazon? Top Stock Trades for Tomorrow No. 3: Nio Click to Enlarge Nio (NYSE:NIO) stock is up big, following along with the rally in Tesla (NASDAQ:TSLA) and as Chinese stocks catch a bid. Once Nio lost $6, this thing was headed for the dumpster, but I didn't expect a fall this far.In any regard, shares are up more than 5% and were up as much as 10% on Tuesday. I want to see two things should NIO keep rallying. One, can it get back through prior downtrend support? Two, can it get through the 20-day moving average?Above these areas and Nio can get some upside traction. If they act as resistance, though, the $2.50 level is still on the table.Of all the stocks out there, Nio is not one I enjoy right now. It's in the dumpster when the market is near all-time highs. There are better picks out there than this speculative name, at least for my tastes. Top Stock Trades for Tomorrow No. 4: Broadcom Click to Enlarge Last week, Broadcom (NASDAQ:AVGO) took a beating after reporting earnings and going through the conference call. That call put a beating on the rest of the semiconductor space as well.But now? Now AVGO stock looks angry.Up 5% on Tuesday thanks to the improving trade war rhetoric -- just think what the chip space would do on news of a trade war agreement -- AVGO stock is back into $280 resistance.If $280 again acts as resistance, I want to see the 200-day again hold as support, along with uptrend support (purple line). Above $280 and I want to see AVGO run up to the 50-day. Over that mark and a move to $300 or more is possible. But remember, the company just disappointed on guidance, so there may be some hesitancy for the market to bid this one up too high.That said, it has a low valuation, plenty of free cash flow and a big dividend. If the trade war rhetoric continues to improve, AVGO likely moves higher. Top Stock Trades for Tomorrow No. 5: Allergan Click to Enlarge I do not like stocks that are locked in massive downtrends, like Allergan (NYSE:AGN). Plus, we highlighted a few healthcare charts that looked good yesterday, like Gilead Sciences (NASDAQ:GILD).Notice all of AGN's major moving averages heading lower, as well as its series of lower lows and lower highs. Downtrend resistance (blue line) is still going strong too.Should AGN hurdle downtrend resistance, look to see how it handles the 20-day. If it's not resistance, a move up to $130 is possible, although I expect it to draw in some sellers. Even if AGN can get there, the 50-day will likely be in play as potential resistance too, seeing as though it's currently at $135 and losing altitude.On the downside, watch the recent lows near $115. Below it and AGN can fall even further.I'm not saying this one is a total zombie or that it won't do well over the long term. Only that from a trading perspective, it's easier to sell stocks into resistance when they're in downtrends and buy stocks into support when they're in uptrends. Until AGN changes its tune, it's in a downtrend.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and AVGO. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post 5 Top Stock Trades for Wednesday: BA, AVGO, ETSY, NIO, AGN appeared first on InvestorPlace.
Among the IBD 50 stocks to watch, Etsy is nearing a potential breakout amid the new confirmed stock market rally.
Mattel (NYSE:MAT) has turned down another takeover bid from MGA Entertainment. Mattel stock surged higher on the news. MGA, who owns brands such as Bratz fashion dolls, Num Noms, and Little Tikes, has now failed twice to take over Mattel.Source: Shutterstock While this rejection of MGA has offered relief to MAT stock in the short term, turning down the deal leaves Mattel in the same beleaguered state it's been struggling in for decades.Mattel owns some of the most venerable brands in the toy business. This includes American Girl, Barbie, Fisher-Price, and Hot Wheels. Recently, it had also signed a licensing agreement with Sanrio (OTCMKTS:SNROF) to create toys, dolls, games, and other items based on the Hello Kitty brand. The toymaker has also renewed a separate licensing agreement with Warner Bros. to produce similar items for DC.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Conflicting "Best Interests"MGA CEO Isaac Larian made an overture to Mattel's CEO Ynon Kreiz in a letter dated May 21st. Mattel's chief legal officer, Bob Normile responded on June 7th, saying Mattel's board decided that the proposal was "not in the best interests of Mattel and its shareholders." * 5 Tech Stocks That Are Far Too Risky Right Now The deal would have forced out Mattel's entire board, possibly indicating the "best interests" the company protected. However, since MGA is a private company, analysts have only so much ability to evaluate the merits of the deal.However, we do know that Mattel stock has struggled over the past few decades. At its current price, it trades at levels it first saw in 1992! The rise of electronic games has reduced the demand for the physical toys and the board games that drove its business for decades. Its most direct peer, Hasbro (NYSE:HAS), has faced similar struggles. Competition Continues to IncreaseMoreover, the emergence of e-commerce giants such as Amazon (NASDAQ:AMZN) has devalued the advantage in shelf space these companies once held. This problem became worse with the closure of Toys "R" Us last year.I do not think the demand for physical toys will go away. Also, a backlash against electronic everything could even spark a revival in physical toys. However, individual creators could utilize a site such as Etsy (NASDAQ:ETSY) to compete against corporate toymakers. So it is not clear that such an occurrence would help Mattel stock. Financials for Mattel Stock Remain PoorMAT's financials continue to reflect this struggle. In its most recent earnings report, the company beat estimates but still lost 44 cents per share in the prior quarter. It also exceeded forecasts on revenue. Still, the $689.2 million in brought in during the quarter was a 2.9% reduction year-over-year. Thanks to cost-cutting, analysts forecast a profit next year. However, that will leave its forward P/E ratio at over 130. Moreover, costs can only fall so much, so staying consistently profitable could prove difficult.For now, Mattel's board rebuffs the takeover attempt, and Mattel stock benefits from a relief rally. But investors need to ask what kind of future the company has in the current business environment? With falling demand and increasing sources of competition, this company will do well just to keep itself in business. Such conditions do not leave much of a path forward for holders of MAT stock. Final Thoughts on Mattel StockTurning down the merger means Mattel will continue to face more competition amid falling revenues. In fairness, this reflects more on the state of the industry than on Mattel itself. Moreover, with MGA's financials not publicly available, assessing whether the merger would have profited holders of Mattel stock remains difficult. * 7 Stocks to Buy for the Coming Recession However, we know that Mattel stock faces an uncertain path forward. Having struggled for more than a quarter century, management offering more of the same leaves investors with no reason to buy MAT. Until this industry consolidates or produces the toys and games today's children want, investors should play in a different sandbox.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post MAT's Rejection of Merger Offer Not a Reason to Toy With Mattel Stock appeared first on InvestorPlace.
After hosting a meeting with Etsy Inc (NASDAQ: ETSY ) executives, Wedbush walked away with positive takeaways. The Analyst Ygal Arounian maintained a Neutral rating on Etsy with a $60 price target. The ...
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of March 31. The results of that effort will be put on display in this article, as […]
Etsy Inc NASDAQ/NGS:ETSYView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for ETSY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ETSY had net inflows of $947 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
BROOKLYN, N.Y., June 3, 2019 /PRNewswire/ -- Etsy, Inc. (ETSY), the global marketplace for unique and creative goods, has named Ryan Scott Chief Marketing Officer, effective June 24, 2019. Formerly CMO of Slice, the leading digital marketplace for pizza ordering, Scott has nearly two decades of marketing and e-commerce experience, including leadership roles at Grubhub (Seamless), SoulCycle, and Pond5.
This got my attention to take a look at the charts and technical indicators. In the daily bar chart of ETSY, below, we can see that prices have moved nicely higher the past twelve months. Despite a number of corrections, patient investors who went long a year ago could have doubled their money, but technical conditions have weakened the past few months.
When it comes to tech stocks, most investors think bigger is better. They believe the FANGs or dot-com survivors such as Microsoft (NASDAQ:MSFT) and Cisco (NASDAQ:CSCO) are the way to go in the sector. And there is some truth to that feeling. After all, these giants still produce billions in revenues, cash flows and profits. Heck, some of these giant tech stocks even pay hefty dividends these days.However, bigger may not be better. This is especially true when it comes to tech stocks.The truth is, the big boys aren't the always the ones dominating their respective technology subsectors. In fact, there are many small- and mid-cap tech stocks that are the leaders. Moreover, they offer a bigger opportunity to find above-average growth in both revenues and profits. And they are able to grow their share prices much faster than the bigger tech stocks as well. After all, doubling a $1 billion market cap is much easier than a $1 trillion one.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend For investors, the reality is, going small in the technology sector could be really smart and pay-off over the long haul. And these three small-cap tech stocks are the ones to buy. Domo Inc (DOMO)Source: Shutterstock Market-Cap: $989 millionThere's no secret that cloud computing is huge these days as Software as a Service (SaaS) platforms have become the rage with businesses. The problem is, there's just so many of these firms. How do you analyze data from your Salesforce (NASDAQ:CRM) applications and Amazon (NASDAQ:AMZN) AWS services at the same time.The answer is small-cap tech stock Domo (NASDAQ:DOMO).Recently IPO'd unicorn tech-stock DOMO provides analytic data solutions for the cloud. The best part is that it isn't trying to compete with the big tech names, but ties them together to provide customers the ability to get to the big picture. This strategy seems to be working, DOMO has more than 1,500 customers. And those customers are spending some big bucks for the firm's tech. Last quarter, billings at Domo rose 35% year-over-year and total revenues grew by 31%.Analysts expect that DOMO will continue to see continued success as more firms look to query their data across various platforms. And as the linkage between these platforms, the firm should be able to score additional customers and increase its offerings to existing ones. And yet, the firm still has only a $1 billion market cap. That leaves it plenty of room for capital appreciation. Box (BOX)Market-Cap: $2.82 billionThe collaborative workplace is here. Managing documents, products and other content across various locations and workers is now the norm for many businesses. Cloud computing specialist Box (NASDAQ:BOX) is facilitating that trend.BOX offers a variety of apps and programs designed to help businesses facilitate collaboration and storage of everything from emails to jpg files. The idea is that work can flow between customers and employees of the firm -- all on a secure network/platform. Enterprise seems to be keen on the idea -- with BOX courting major customers like General Electric (NYSE:GE) and AstraZeneca (NYSE:AZN). As a result, BOX has experienced some torrid growth over its history. Since 2016, the firm has experienced a 23% compound annual growth rate in its revenues. Moreover, the firm has posted positive cash flows for the last five quarters.And the gains can keep coming. BOX is currently working to score more contracts with the Federal Government to help with record safe-keeping and digitizing the government's workload. * The 7 Best Stocks to Buy From the IPO ETF Now could be the best time to strike on BOX shares. Poor guidance outlook -- thanks to the length of time it takes to score those government contracts -- has pushed down shares. But with a huge customer base as well as overall long-term growth, BOX seems poised to win and be one of the best tech stocks around. Etsy Inc (ETSY)Source: Meaghan O'Malley via Flickr (Modified)Market-cap: $7.58 billionBrand recognition is key when it comes to internet properties. And when it comes to hand-made, art and one-of-one objects, Etsy (NASDAQ:ETSY) is the leader. This even Amazon hasn't been able to compete in this arena.And it turns out, that brand is worth a lot.ETSY has now seen its eighth consecutive quarter revenue growth. And while that revenue growth did slip a bit last quarter, this shouldn't worry investors. Partly because Etsy's profits and margins have actually increased. The reason is that ETSY doesn't store inventory, it just serves as middle-man to facilitate transactions between craftspeople and buyers. And its moat and brand-name make it the go-to website to do that.Additionally, ETSY has been adding additional services to its menu of options. This includes promotion for sellers, facilitating transactions/personalized website design via its Pattern initiatives and more. As ETSY leans more on these products, revenues should once again resume and continue their pace of growth.In the end, ETSY has positioned itself to be one of the top online merchants and tech stocks. With a market cap of only $7.5 billion, there's plenty of potential down the road -- even buyout potential.Disclosure: At the time of writing, Aaron Levitt was long AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 3 Small Caps That Could Be the Next Amazon Stock appeared first on InvestorPlace.
JD, PDD, SHOP, ETSY, and GRPN Respond to Competition(Continued from Prior Part)Triple-digit revenue growthPinduoduo (PDD) is perhaps China’s fastest-growing e-commerce company. Between June 2017 and December 2018, Pinduoduo’s active shopper
JD, PDD, SHOP, ETSY, and GRPN Respond to Competition(Continued from Prior Part)Australian office’s responsibilities shifted to ChinaJD.com (JD) quietly shut its Australia office, transferring the office’s responsibilities to its home country’s
JD, PDD, SHOP, ETSY, and GRPN Respond to Competition(Continued from Prior Part)Groupon’s unit sales and revenue dropped in the latest quarterGroupon (GRPN) has hired a new chief marketing officer. Craig Rowley, former vice president of marketing
JD, PDD, SHOP, ETSY, and GRPN Respond to Competition(Continued from Prior Part)Etsy leveraging Google’s AI tools to power marketplace search functionEtsy (ETSY), which started its workload migration to Google’s cloud platform in 2017, aims to
JD, PDD, SHOP, ETSY, and GRPN Respond to Competition(Continued from Prior Part)Wuling Hongguang S1 discounted up to 34%This month, Pinduoduo (PDD) began selling vehicles on its online shopping platform. Best known for its digital marketplace,
JD, PDD, SHOP, ETSY, and GRPN Respond to CompetitionChina’s logistics industry valued at over $40 trillionJD.com (JD) recently invested ~$55 million in purchase a ~10% stake in Jiangsu Xinning Modern Logistics, a Chinese logistics company
Michaels Companies Inc (NASDAQ: MIK ) shares were down more than 5 percent Monday after the retailer's stock was downgraded by Morgan Stanley. The Analyst Simeon Gutman downgraded Michaels Companies from Overweight ...
BROOKLYN, N.Y., May 14, 2019 /PRNewswire/ -- Etsy, the global marketplace for unique and creative goods, today announced the inaugural launch of the Etsy Design Awards, a global competition that will recognize the work of extraordinary creatives from around the world. An expert panel of judges comprised of internationally recognized tastemakers and entrepreneurs--including writer and actor Dan Levy, style expert Joe Zee, author & artist Garance Doré, interior designer Sophie Robinson, décor expert Holly Becker, fashion designer Anavila Misra and Etsy's own Dayna Isom Johnson-- will name one Etsy seller the Etsy Design Award Grand Prize Winner while five others will be named the winners in each featured category.
Etsy CEO Josh Silverman tells Jim Cramer he is optimistic about the rest of the year and explains the e-commerce platform's plan to reduce carbon emissions.