|Day's Range||5.40 - 6.50|
Intuit (INTU) partners with Internal Revenue Service (IRS) to announce a free Stimulus Registration product via TurboTax, through which citizens with no tax liabilities can apply for stimulus money.
TurboTax, the nation’s leading online tax preparation service from Intuit Inc. (Nasdaq: INTU), today launched a free, Stimulus Registration product designed to help millions of Americans who are not required to file a tax return easily register with the IRS to get their stimulus money.
With its four-step initiatives, Intuit (INTU) aims to mitigate the challenges faced by consumers and enterprises due to disruptions related to the pandemic.
Intuit shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 66 to 81.
Here's a look at the impact of COVID-19 on alternative ways to go public, along with job cuts and startup initiatives connected to the pandemic and other Bay Area venture news at midweek.
Intuit outlined four steps it is taking to help small businesses and other customers who are dealing with economic disruption from the coronavirus outbreak.
Today, GoFundMe, the world’s largest social fundraising platform, and Intuit QuickBooks, the world’s largest small business network, co-founded an initiative to help small businesses raise money to overcome the challenges caused by COVID-19. The Small Business Relief Initiative is designed to get money in the hands of small businesses struggling to pay employees and business expenses due to COVID-19.
The three companies are matching the first $500 in donations made to each small business COVID-19 relief campaigns on GoFundMe.
Despite the market's sharp decline, Clorox (CLX) and Dollar General (DG) recently hit all-time highs, observes Christian DeHaemer, growth stock expert and editor of Energy & Capital.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Intuit Inc. (NASDAQ: INTU) enjoys a leading market position in two sizeable segments, namely tax and small business, and has maintained double-digit organic revenue and operating margins above 30%. These strengths significantly outweigh near-term concerns, according to Wells Fargo.The Intuit Analyst Michael Turrin upgraded Intuit from Equal-Weight to Overweight, while raising the price target from $305 to $320.The Intuit Thesis Despite rising market uncertainty, Intuit is "among the most well-positioned in our coverage" to weather the current macro scenario, Turrin said .He iterated four key reasons for the upgrade: 1. Certainty of taxes: The relative certainty brought by the option to file US taxes yourself is more favorable for Intuit in the first half of the year than for other end-markets in software. 2. U.S.-centric business exposure: International constitutes only around ~5% of Intuit's overall revenue and the company has plenty of room for expansion in the U.S., which represents a market of over $150 billion. 3. Inbound model and virtual expertise: While Intuit's software and cloud-enabled products allow customers to transact online, the recent addition of expert-enabled virtual offerings "also helps smartly connect business and individuals with a trusted network of remotely-based experts," Turrin wrote in the note. 4. Valuation: Intuit has outperformed its annual earnings guidance by an average of 6% over the past five years. Continuing the trend this year would support better relative valuation for the company's shares, the analyst said.INTU Price Action Shares of Intuit declined almost 3.76% to $259.52 at time of publication Wednesday.Latest Ratings for INTU DateFirmActionFromTo Mar 2020Wells FargoUpgradesEqual-WeightOverweight Feb 2020BarclaysMaintainsEqual-Weight Feb 2020JP MorganMaintainsUnderweight View More Analyst Ratings for INTU View the Latest Analyst Ratings See more from Benzinga * Argus Downgrades Airlines Stocks On Deteriorating Outlook * Wedbush Analyzes Microsoft Amid Coronavirus Uncertainties * SunTrust Cuts Booking Holdings Price Target On Worsening Travel Trends(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Just weeks after agreeing to buy Credit Karma, Intuit, a software company best known for its Quicken and TurboTax products, has its eye on Finicity, a small software intermediary.
Shares in Intu Properties crashed more than 35% on Wednesday, after the owner of some of Britain’s biggest shopping centers scrapped an emergency fundraising saying “extreme market conditions” had left it unable to raise its minimum target of £1.3 billion from nervous investors. London-listed Intu (UK:INTU) which owns Manchester’s Trafford Centre, had been planning to raise equity of between £1 billion and £1.5 billion by the end of February, to shore up its balance sheet after being hit hard by the collapse of several high street retailers in the past year. “The board believes the current uncertainty in the equity markets and retail property investment markets precluded a number of potential investors from committing capital into the business and Intu was therefore unable to reach the target quantum at the current time,” the company said in a statement to the London Stock Exchange.
The Principal Blue Chip fund seeks companies whose executives focus on the long term, rather than on short-term gains
Dev Kantesaria, Valley Forge Capital Management Founder, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the markets are faring amid coronavirus.