24.98 +0.54 (2.21%)
After hours: 4:02PM EST
|Bid||24.41 x 1200|
|Ask||24.57 x 1300|
|Day's Range||23.81 - 25.06|
|52 Week Range||14.12 - 35.25|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When insiders sell a stock, investors do not always get a clear signal on what that means. Automatic selling could send false bearish signals that are not there. Conversely, insiders buying shares suggests that the executive group is bullish on the company's near-term prospects. Chances are low that insiders would buy shares if they did not believe that markets undervalued the company.Investors may search out large-capitalization companies that had insiders buying shares in recent months. There are four technology companies, two consumer discretionary firms and one health company that have reported notable insider buying activities. Even more compelling with these seven companies is that they may suit investors looking for a good deal. Their share prices either fell hard recently or their stocks are already trading at favorably low valuations.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)Source: JHVEPhoto / Shutterstock.com Despite trading close to 52-week highs, insider buying of Intel stock suggests James Goetz is confident in the chip giant's future. Technology fans are certain that Advanced Micro Devices (NASDAQ:AMD) will take its notebook, PC and server market share through Ryzen 4000, Ryzen and EPYC chips, respectively. But value investors unwilling to overpay for AMD stock may hold Intel (NASDAQ:INTC) instead.The dividend yield of 2.1%, price-to-earnings ratio below 14 times and its ambitions beyond PC chips are just a few reasons to hold the stock.At the Mobileye Media & Customer Conference, Intel highlighted the growth of Mobileye chip shipments, which topped 17.4 million in 2019. This is up from 12.4 million in 2018. With 33 design wins and 16 product launches in 2019, Intel's Mobileye offers tremendous growth ahead. For example, its chips supply front camera functions for driver assistance in automobiles. Its conditional autonomy features include driver monitoring and surround vision.In 2022, the unit expects to have "mobility as a service" ready. One day, Mobileye will have full autonomy solutions for the auto market.Tesla (NASDAQ:TSLA) popularized the idea of self-driving electric vehicles, but Intel has tremendous revenue growth opportunities as it sells more autonomous driving chip solutions on the market. * 7 Small-Cap Stocks That Are Not Worth a Second Glance Per simplywall.st, the stock is historically inexpensive and also offers a healthy dividend yield. Its price-earnings to growth ratio is one risk to watch out for. At 6.4 times, the value relative to future growth is poor. In that same vein, analysts are neutral on the upside for INTC stock, with an average price target of $58. Alternatively, a 5-year discounted cash flow model that assumes revenue growing 5% annually implies a fair value of near $61. Uber (UBER)Source: BigTunaOnline / Shutterstock.com Director Ronald Sugar's buying of 35,000 Uber (NYSE:UBER) shares at $27.20 late last year proved timely. The stock rallied since then, and might break out after its earnings report on Feb. 6. Despite the stock showing strong performance, Uber has some major near-term challenges to overcome.The company dropped upfront pricing for most Californian riders. By showing customers only estimated prices, removing rewards for frequent users and allowing drivers to turn down requests, Uber wants to get around what's being dubbed as the "gig-worker law." California's Assembly Bill 5 seeks to classify workers as employees. This gives them more labor rights but increases Uber's costs.To shift from ride-hailing toward technology, Uber added Korean automotive giant Hyundai (OTCMKTS:HYMTF) as its newest partner on electric air taxi development. Hyundai thinks it will have an urban air mobility service in 2028. But Uber investors are not looking at an air taxi as a source of revenue growth. Still, it does show that Uber is getting ahead of the technology curve and is seeking growth from innovation.Uber will continue investing in its marketplace to drive top-line and margin growth. It will invest more in its premium products, offering more options for customers. And it will have the financial discipline to minimize operating cost growth.Looking ahead to its earnings call on Feb. 6, Uber will give investors its full-year 2020 guidance. Expect strong ride usage driving revenue and plans for operating expenses falling throughout this year. Investors may prefer to play it safe by forecasting revenue falling to 25% annually. In this 5-year DCF model, Uber stock may have a downside risk of 26%. Salesforce (CRM)Source: Bjorn Bakstad / Shutterstock.com Director Susan Wojcicki's purchase of 1,100 shares of Salesforce (NYSE:CRM) stock at about $175 on Jan. 7 proved timely. The stock reached new highs last week and shows no sign of falling off.A few analyst upgrades create a strong uptrend in CRM stock at the beginning of this year. RBC and Jefferies posted positive reports on the company. Last month, Cowen called the stock the best idea of 2020.On Dec. 3, Salesforce reported revenue growing a solid 33% to $4.5 billion. Earnings per share of 75 cents were ahead of consensus estimates. The cloud software firm has strong momentum and the business is getting stronger. The revenue growth should impress even the most bearish investor. The company is delivering on good experiences and is exceeding expectations. This is attracting more companies from all over the world.Salesforce has a simple approach: It centers its solution on the customer. So, they see the company as its trusted advisor. * 9 Up-and-Coming Small-Cap Stocks to Watch The company cited many big companies as customers, including Boeing (NYSE:BA), Siemens, CarMax (NYSE:KMX) and Corteva (NYSE:CTVA). So, by creating a 360-degree view of its customers, Salesforce is helping offer a better customer experience. Since no other software company offers this level of customer management, Salesforce has a strong moat. Fastly (FSLY)Source: Blackboard / Shutterstock Last summer, an insider buying shares of Fastly (NYSE:FSLY) may have proven to be too early. The stock is stuck in a trading range, but its fundamentals are getting better.Fastly posted third-quarter revenue growing $49.8 million, up 35% year-over-year. It lost 9 cents a share on a GAAP basis. In Q4, it still expects a loss between 10 cents and 13 cents. And for the full-year 2019, it expects revenue as high as $198 million.Fastly is cutting costs and seeking operating leverage opportunities to reach a path of profitability. Its network attracts developers who continue to use more of its platform and tools. So long as more developers join the service and use its newer tools, Fastly's revenue growth could accelerate. Last quarter, it added a developer library. So, by including ready-to-deploy code and solution patterns, users may work more effectively and save on development time.New product launches, such as Compute@Edge, a partnership with HashiCorp and tools for big data analysis, may bring on more developers in the months to come. Raised full-year revenue expectations suggest that the company is already noticing strong demand for its new products.Fastly does not get much investor coverage and has only one analyst setting a $24 price target. Investors may assume revenue growing as low as 8% in a 10-year DCF revenue exit model. In this forecast, the stock is worth around $21. General Electric (GE)Source: testing / Shutterstock.com General Electric (NYSE:GE) CEO Larry Culp bought over 300,000 more GE shares in August 2019, at a price just over $9 a share. The stock traded recently at 52-week highs, meaning that buy appreciated well for Culp.Known for its ties to inventor Thomas Edison, GE was formed from two companies merging in 1892. Aviation, healthcare and power made up its core businesses back in 2018. Today, it is shifting its focus out of healthcare and into power regeneration.That move will pay off. Looking ahead, General Electric set a priority to turn around its hydro and grid business. On its conference call, Culp said:"At Renewable Energy, we're well positioned to capitalize on the energy transition. Orders and revenues were up double digits again, as we delivered approximately 1,400 turbines and repower kits in the quarter. We're seeing strength in international orders and order pricing continues to improve."General Electric posted renewable energy orders growing 30% to $5 billion. Its overall backlog of $27 billion is up 19% year-over-year.GE knows it cannot ignore the renewables energy business because of the addressable market size. The International Energy Agency said that offshore wind energy is a $1 trillion market by 2040. General Electric itself must deliver on better profitability as its business grows. * 4 Energy Stocks to Power the New Year The company is not yet there. Margins fell roughly 2% in renewables in the last quarter. As its cost reduction programs progress and onshore volumes grow, GE's profitability will improve. Cigna (CI)Source: Piotr Swat / Shutterstock.com While it wasn't as immediate, a December insider buy of Cigna (NYSE:CI) stock by Eric Foss paid off. Foss bought 10,200 shares of Cigna at about $195 a share on Dec. 3. Those shares topped over $210 in early January.So, is it too late for you to join in?When it next reports results on Feb. 6, the company will likely announce another strong quarter. In the third quarter, it posted earnings growing 14% to $1.4 billion, or $3.57 a share. Revenue more than doubled to $38.6 billion. The company issued a non-GAAP EPS forecast of $16.80-$17.00 for FY 2019. For 2020, it expects retention of a healthy 97%.Cigna announced the sale of its Group Life and Disability Insurance unit in December. This allows it to raise its share buyback program by a lofty $4 billion. And since the unit sale will bring in $6.3 billion, Cigna may use some of those funds to reduce its debt.In addition to disciplined balance sheet management, Cigna is integrating its Express Scripts unit well. It already expects top-line growth of 8%-10%. Thanks to international growth, enterprise growth will be 6% to 8%. Strong pharmacy solutions outside of the U.S. are driving positive results. And as Cigna adds artificial intelligence predictive indicators and predictive modeling against its benefits business, the company will squeeze out more profits. Conagra Brands (CAG)Source: Jonathan Weiss / Shutterstock.com Conagra Brands (NYSE:CAG) stock spiked to the $35 level after the processed and packaged goods supplier reported strong quarterly results. Even though an insider bought the stock at higher prices, valuations are compelling at 19.9 times earnings. On Jan. 2, Craig Omtvedt bought 40,000 shares at a price of $33.99 for a cost of about $1.4 million.The company posted its key initiatives that were all on track. Frozen and snacks, plus Hunt's Tomato and Chef Boyardee all showed strength. And even though the debt-to-equity of 1.4 times is unfavorable, the company continues to pay down debt. As year-to-date margins rose 21 basis points to 16.5%, integration and synergies will drive costs lower.In the Q3 period, Conagra found $42 million in savings, and now forecasts $305 million in upside synergies. This is up from a prior $285 million estimate.Conagra forecasts that in fiscal 2020 its product launch cycle will lead to improving results in the second half of the year. Although CAG stock initially soared on this news, the markets adjusted after processing the forecast timeline.Analysts have a modest upside price target on Conagra stock. Based on 11 analyst reports, the average price target is $34.73, which implies about 5% of upside from its current share price. Conversely, a cautious investor may model a 5-year DCF revenue exit model. Assuming revenue stalls in that time frame, the stock is trading at a fair value of around $33.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Should Insider Buying Tempt You Into These 7 Stocks? appeared first on InvestorPlace.
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Every investor in Fastly, Inc. (NYSE:FSLY) should be aware of the most powerful shareholder groups. Institutions often...
(Bloomberg) -- Travis Kalanick sold 6.1 million shares of Uber Technologies Inc. just days after disposing of a fifth of his stake, bringing the total offloaded to $711 million this month.The 43-year-old entrepreneur sold $164 million of his holdings in the ride-hailing company this week, according to a regulatory filing Wednesday. Last week he disposed of stock worth about $547 million.The sale underlines Kalanick’s focus on other investments, including CloudKitchens, which he funded with $300 million. A $400 million injection from Saudi Arabia’s Public Investment Fund valued the food startup at $5 billion, the Wall Street Journal reported last week.His remaining 4.2% stake in Uber is valued at $1.9 billion, or less than two-thirds of his $3.4 billion fortune, according to the Bloomberg Billionaires Index. When he was Uber’s chief executive officer, Kalanick said he retained all his shares in the company. That changed after his ousting in 2017. He sold stock in private transactions and had a 6% stake at the time of its May initial public offering.Kalanick has moved quickly to offload Uber shares since the IPO. This month’s trades came after a 180-day lockup period restricting insider and early investor sales expired last week.Uber shares fell 3.9% on Nov. 6 when its lockup expired. Beyond Meat Inc. has done even worse, falling 22% since its lockup ended. Shares in Avantor Inc., Fastly Inc. and Luckin Coffee Inc. all rose Wednesday when their restrictions were lifted.To contact the reporter on this story: Tom Metcalf in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Pierre Paulden at email@example.com, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
While it was a relatively quiet day in the stock market, Wednesday featured several big individual movers. Let's look a few of them as our top stock trades. Top Stock Trades for Tomorrow No. 1: Advanced Micro Devices (AMD)Shares of Advanced Micro Devices (NASDAQ:AMD) again pushed to new highs. That should come as little surprise, as this name has been displaying strength for quite some time. So have semiconductor stocks as a whole.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe recent move has been nothing short of impressive. Shares finally exploded over the $34.30 area, while doing an excellent job consolidating its gains above $36. After forming a short-term wedge (purple lines), the stock is again putting up strong gains.For bulls just joining in, they're a little late to the party. Shares remain overbought and the question now becomes when and how far the stock corrects, not whether it will. * 7 Great High-Yield Stocks With Payouts Over 5% Honestly, it would have been more ideal to see shares correct now. It would unwind the overbought condition, while possible hitting the rising 20-day moving average. I'm looking for the latter to act as potential support when the stock does eventually correct.Otherwise, I'd love to see a test of the $34.30 to $35 area and see former resistance turn to support. Top Stock Trades for Tomorrow No. 2: Canada Goose (GOOS)Canada Goose (NYSE:GOOS) has not had the easiest time as a public company. For all of 2019, the stock has continued to make a series of lower highs, a bearish technical development. On the plus side, the stock was also starting to put in some higher lows over the past few months.That series of higher lows and lower highs formed a wedge pattern (blue lines). Bulls were hoping that shares would breakout of that range, something GOOS stock tried to do last week.With Wednesday's earnings reaction though, shares are resolving lower. Now bulls need to be patient and see where support comes into play. If the June low of $31.67 is taken out, GOOS could be in trouble. Top Stock Trades for Tomorrow No. 3: Fastly (FSLY)Fastly (NYSE:FSLY) shares reported solid earnings last week and erupted higher. However, resistance batted the name lower and discouraged many investors with its lower finish on the day.But on Wednesday, the stock jumped more than 10%, as bulls wrestle for control.Shares are reclaiming the 8-day and 20-day moving averages, and are flirting with a move over downtrend resistance (blue line). $22 has been a tough hurdle for the stock and Wednesday's action is proving as much.Over that mark, the 50-day moving average is the next immediate upside target. Top Stock Trades for Tomorrow No. 4: Datadog (DDOG)Like Fastly, Datadog (NASDAQ:DDOG) stock is jumping higher Wednesday, up over 15% at one point.Unlike FSLY though, DDOG was able to surge to new highs on Wednesday's move. However, that same $41.50 area remains a no-go for the stock at the moment. Now what?Bulls will want to see Datadog hold onto Wednesday's gains, which can be accomplished by holding up over the 78.6% retracement. That should give the stock plenty of cushion for a potential move higher. A drop below Wednesday's low and DDOG would need more time to develop. Top Stock Trades for Tomorrow No. 5: Disney (DIS)I do not usually cover the same stock in a very short period, but Disney's (NYSE:DIS) big rally on Wednesday deserves another look.We told bulls that the must-hold level is the 100-day moving average. DIS did just that, erupting through the post-earnings high on Wednesday and climbing into the mid-$140's. From here, over $145 puts the prior high of $147.15 on the table. Above that and $150 is possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long FSLY and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks to Buy for the Rest of 2019 * 7 Biotech Stocks to Buy With Plenty of Power in the Pipeline * 5 Stocks to Buy That Are Set for Monster Growth in 2020 The post 5 Top Stock Trades for Thursday: AMD, GOOS, FSLY,Â DDOG, DIS appeared first on InvestorPlace.
Even the best-performing new stock companies from the region have been hit by a reset that appears to be happening on Wall Street.
RingCentral's (RNG) third-quarter 2019 results are expected to reflect growing subscription revenues and an expanding RingCentral Office customer base.
Fastly (FSLY) is a recently public outfit that's aiming to be one of the next big things in cloud networking, suggests growth stock expert Mike Cintolo, editor of Cabot Top Ten Trader.
The markets got off to a slow start Monday, while volume was well below average. However, it was a calm day and investors got a chance to find their footing after an up-and-down Friday. Let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: Best BuyBest Buy (NYSE:BBY) was moving slightly higher on Monday, rallying 1.5% at one point. Part of that enthusiasm came from Morgan Stanley analysts, who slapped a $100 price target on the stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Worst Stocks in the S&P 500 in 2019 Also helping push the stock higher were positive reports of trade talk, the latter of which caused a poor earnings report to crush the stock in August.Here is the interesting part, though. BBY stock is trying to push above $68, which has been resistance since the post-earnings decline. If it can reclaim this mark, it puts a series of overhead targets on watch.The first is the 50-day moving average near $69. Above that and the 23.6% near $71.50 is next. Should it fail and recent support near $65 gives way, see that the 200-day moving average acts as resistance. Top Stock Trades for Tomorrow 2: FastlyFastly (NYSE:FSLY) erupted higher on Monday, climbing more than 10% at one point on the day. The action follows a dismal Friday performance. However, that was an important day, as FSLY tested the key $25.50 area.This zone acted as resistance in May and July. After pushing through it in August though, this area has since been support.Below Monday and Friday's low, and the 50-day moving average is possible on the downside. Over the 61.8% retracement and 20-day moving average though, and $30+ is on the radar for FSLY.This stock has put in a few days over $33.80, significantly above current levels. Top Stock Trades for Tomorrow 3: LululemonPiper Jaffray came out with a $227 price target for Lululemon Athletica (NASDAQ:LULU) on Monday. The note follows the stock's post-earnings pop-and-fade action from earlier this month and suggests new all-time highs are on the table.Shares filled their earnings gap on Friday and are moving nicely higher on Monday. Over $200 and the all-time highs near $204.44 are possible. If it gets there, it also puts channel resistance (blue line) in play.Below Friday's lows, then channel support, along with the 50-day moving average become must-hold levels. Top Stock Trades for Tomorrow 4: NikeNike (NYSE:NKE) is set to report earnings on Tuesday after the close and shares have been coiling tightly in anticipation.$89 is proven resistance and each test has brought in the sellers. Each time, the stock has managed to put in a higher low though, shown via the purple line. More recently, uptrend support (blue line) and $86 have been buoying NKE stock.On the post-earning move, we need to see Nike breakout and close over $89 or breakdown and close below $86. The former is self-explanatory, but if it's the latter, there are a few downside targets to know. * 7 Worst Stocks in the S&P 500 in 2019 The first is the 50-day moving average near $85, the second is the 200-day down near $82.50. Below both brings the higher lows trend into play. Below the August lows would create some problems, technically speaking.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long FSLY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post 4 Top Stock Trades for Tuesday: BBY, FSLY, LULU appeared first on InvestorPlace.