|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||101.58 - 103.87|
|52 Week Range||41.35 - 112.41|
|PE Ratio (TTM)||90.88|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||104.45|
Jim Cramer sits down with Groupon CEO Rich Williams to hear about Groupon Plus, artificial intelligence and a new partnership with GrubHub.
Ride-hailing giant Uber has continued to consolidate under its new boss, Dara Khosrowshahi. The company, which is slated to go public next year, generated revenue of $2.6 billion in the first quarter, marking an impressive 70% rise YoY (year-over-year) and a 7.5% sequential rise. Uber saw a net profit of $2.5 billion in the quarter, which was mainly due to merging its businesses in Russia and Southeast Asia.
The IBD 50 has lately shown a consistently heaping scoop of high-growth companies in the internet, computer, finance and medical sectors.
McDonald's, Chipotle and other top restaurant chains are expanding into home delivery services as e-commerce reduces their traffic. But revenue-sharing with the likes of Uber Eats and Grubhub, as well as execution issues, make this shift a dicey proposition.
The threat of Amazon.com (AMZN) and e-commerce in general have steamrolled the retail story for years, but we're still only in the early innings of the trend, with plenty of growth left to go, says Christian Magoon, chief executive of Amplify ETFs, which includes the Amplify Online Retail ETF (IBUY). Magoon expects that figure to more than double in next five years, closer to the 21% projected for China, helped by the rapid pace of technological advancements (artificial intelligence, virtual shopping assistants, 5G) as well as the diminishing number of physical stores. IBUY tracks a globally diverse basket of about 50 stocks, three-quarters of which are U.S.-centric, that get at least 70% of their revenue from online sales.
Blockchain, which is the underlying technology supporting the Bitcoin framework, was thrust onto the main stage after bitcoin skyrocketed from under $1,000 to nearly $20,000 in 2017. Artificial intelligence, meanwhile, is the next big step forward for technology companies. This has left investors also salivating over artificial intelligence stocks.
Markets closed higher across the board Thursday, with the Dow rocketing nearly 200 points as oil remained in focus, and strong earnings continued to propel markets higher. The company's stock fell yet again Thursday as investors continued to question its ability to be profitable -- not to mention CEO Evan Spiegel's pay package. Can Stone change this narrative?
In this daily bar chart of GRUB, below, we can see that prices have made a strong upside run from July. The 50-day moving average line has had a positive slope for much of the past year as has the rising 200-day line. The daily On-Balance-Volume (OBV) line shows an overall positive trend telling us that most of the time buyers of GRUB have been more aggressive.
Groupon (GRPN) is scheduled to report its 1Q18 earnings results on May 9, just a day before Yelp (YELP) is scheduled to release its 1Q18 results. Amazon (AMZN) released its 1Q18 results on April 26, reporting revenue and EPS (earnings per share) that rose compared to a year ago but fell below the consensus estimates.
CHICAGO and SAN DIEGO, May 10, 2018 /PRNewswire/ -- Grubhub (GRUB), the nation's leading online and mobile food-ordering company, today announced it is partnering with Jack in the Box® to provide delivery for hundreds of locations across the country. Grubhub's leading network of 15 million active diners will now be able to enjoy popular Jack in the Box menu items such as the delicious Buttery Jack® burger, seasoned curly or regular fries and the fan favorite two tacos, simply by ordering from Grubhub's online and mobile platforms. Additionally, the two companies are working together to incorporate Grubhub's groundbreaking point-of-sale (POS) integration into Jack in the Box's in-house system, which allows restaurant operators to manage all of their orders, both in-house and delivery, from one device.
With Groupon’s (GRPN) 1Q18 earnings report around the corner, Wall Street seems divided on the company’s prospects. The majority of analysts tracking Groupon are urging a cautious approach to the stock.
With its stock close to breakout territory, Yelp is set to report first-quarter earnings after the market close Thursday.
Fixer, a new Chicago startup led by Grubhub co-founder Mike Evans, announced Wednesday it has raised $4 million in funding.
The San Francisco-based delivery company closed on a $535 million funding round — its largest yet — March, giving it a valuation of $1.4 billion.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 20. Index (PMI) data, output in the Technology sector is rising.
In recent years, Groupon (GRPN) has prioritized improving profitability over driving revenue growth. To drive profitability improvements, Groupon said it would continue to focus on growing its customer value in 2018. At Groupon, customer value is expressed as gross profit per customer.
Today, Groupon (www.groupon.com) (GRPN), which aims to become the daily habit in local commerce by connecting people to a vibrant, global marketplace for local services, experiences and goods, unveiled that its previously announced strategic delivery partnership with Grubhub (www.grubhub.com) (GRUB), the nation’s leading online and mobile food-ordering and delivery marketplace, is now live in Chicago. Once the integration between the two companies is fully completed, Groupon users will have the ability to place delivery or pickup orders from Grubhub’s network of tens of thousands of nationwide restaurant partners across the country. “Our customers have a demonstrated desire for delivery options on Groupon.
Yelp (YELP) is gearing up to report its 1Q18 financial results at a time when its management is concerned about a housing shortage in California driving up operating costs, forcing it to pay more to keep the employees it has in San Francisco.
Groupon (GRPN) is scheduled to report its 1Q18 earnings results less than two months after its partner GrubHub (GRUB) completed a platform integration with Yelp (YELP). GrubHub integrated its restaurant network onto Yelp’s platform, thereby expanding food ordering and delivery options for Yelp’s users.
About six months after Yelp (YELP) closed the sale of its online food delivery service, Alibaba (BABA) announced that it was taking full ownership of the food delivery service Ele.me. Yelp sold Eat24 to GrubHub (GRUB) for nearly $300 million and consequently exited the food delivery market because it didn’t view the food delivery business as strategic to its future.
Late on Friday, lawyers for a former GrubHub delivery worker asked a U.S. appeals court in San Francisco to send his closely watched case against the company back to a judge who had previously dismissed it. In light of the California Supreme Court's decision, the lawyers said, the judge should reconsider Raef Lawson's claims that he was an employee entitled to overtime pay and reimbursement for expenses.
Third-party services charge restaurants a commission for their services and often reap the benefit of having full access to consumer data. When Yum Brands took a 3 percent stake in Grubhub it earned itself a seat on the board as well as access to the data it collects on KFC and Taco Bell. Technology is altering how diners purchase food and have it delivered, a key reason companies like Yum Brands YUM are so keen on getting a foot in the door with online ordering and delivery companies.
Yelp (YELP) is expected to report its 1Q18 financial results on May 10. The report is set to come a little more than a month after Yelp completed integrating GrubHub’s (GRUB) restaurant network into its own review platform. Integrating GrubHub’s restaurant network into its platform is expected to expand Yelp’s food delivery options for its users.