|Bid||88.31 x 800|
|Ask||88.75 x 1000|
|Day's Range||88.57 - 91.00|
|52 Week Range||61.93 - 132.88|
|Beta (3Y Monthly)||1.94|
|PE Ratio (TTM)||28.25|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
iRobot Corp NASDAQ/NGS:IRBTView full report here! Summary * Bearish sentiment is high Bearish sentimentShort interest | NegativeShort interest is extremely high for IRBT with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting IRBT. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $2.53 billion over the last one-month into ETFs that hold IRBT are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. 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.
Does the May share price for iRobot Corporation (NASDAQ:IRBT) reflect what it's really worth? Today, we will estimate...
Stanley Black & Decker's (SWK) plan to open a new CRAFTSMAN manufacturing plant will produce various mechanics tools like ratchets, sockets and general sets.
The trade war is back, and it's weighing on markets. For most of 2019 so far, top trade officials from both the U.S. and China had been sounding a positive tone regarding U.S.-China trade talks, and the market widely believe that a deal was a sure thing. But trade talks took a step back last week as U.S. President Donald Trump claimed that China "broke the deal", and then subsequently raised tariffs on imported Chinese goods from 10% to 25%.Ever since, financial markets have tumbled.To be sure, the tariff increase has a grace period, so goods that are in transit aren't impacted by the tariff hike. That gives the U.S. and China trade officials roughly two weeks to negotiate a deal. If they do reach a deal in those two weeks, the 25% tariffs will go away without ever impacting a single import.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut that's a big "if", and until a deal actually happens, financial markets will remain in turmoil. The biggest losers? Stocks with ample exposure to China and international trade. These are the trade war stocks you'll want to avoid over the next few weeks. * 7 Dividend Stocks to Buy as the Trade War Reignites Which stocks fall into that category? Let's take a look at 6 trade war stocks with too much risk. Tesla (TSLA)Source: Shutterstock One sector with ton of trade-war risk is the auto sector, and one company in that sector that looks particularly susceptible to escalated trade tensions is Tesla (NASDAQ:TSLA).The whole growth narrative at Tesla has pivoted outside of the United States. Broadly speaking, Tesla had its big Model 3 demand surge in the U.S. in late 2018. Now, demand domestically is cooling. In order offset that cooling demand, Tesla is aggressively rolling out Model 3 deliveries globally. Because global demand is bigger than domestic demand, theory says this strategy should work.But bigger tariffs and increased trade tensions throw a wrench in that growth strategy. Specifically, China is the biggest car market in the world, and Tesla needs that market to come alive in order to offset cooling U.S. demand. But until Tesla's Shanghai factory comes online, the company's China operations will be adversely impacted by bigger tariffs and escalated trade tensions. Thus, China won't come online in any big way until those headwinds disappear, meaning this is a stock that will continue to fall so long as trade tensions remain high. Starbucks (SBUX)Source: Shutterstock Much like Tesla, global retail coffee giant Starbucks (NASDAQ:SBUX) needs its China business to fire on all cylinders in order to keep the stock on a winning trajectory.Long story short, despite slowing growth trends in the U.S. and Europe, SBUX stock has rallied to all time highs on optimism regarding the growth potential in Asia, specifically China. Management has talked up how under-penetrated the market is, and subsequently how long the growth runway is. Investors have rallied around this long term China growth thesis, and SBUX stock has popped. * 5 Tech Stocks Getting Crushed But this bull thesis has a lot of trade war risk. Specifically, so long as tariffs and trade tensions remain escalated, the China economy will slow, and Starbucks will be disadvantaged relative to China coffee players like Luckin Coffee. This double headwind should ultimately weigh on Starbucks growth rates, and cause SBUX stock to drop off its all-time high levels. iRobot (IRBT)Source: Shutterstock An under-the-radar growth stock with a ton of trade war risk is robotic vacuum giant iRobot (NASDAQ:IRBT).iRobot sells consumer household robots, with a focus on robotic vacuum cleaners. This is a strong growth market. Penetration rates are low, but growth is big, and the opportunity at scale is quite large. iRobot is also the biggest and most advanced player in this space, and has time and time again squashed competitive threats over the past several years. That's why IRBT stock is up big in a multi-year window.But more than 50% of this company's revenues come from overseas, and a big chunk of that is from China. The company has already raised prices on its China products in response to the 10% tariffs. That weighed on the international business, and created a drag on gross margins. iRobot has promised it will lower prices if tariffs moved up to 25%. Thus, if tariffs do move up to 25%, iRobot's prices will go down, and that will intensify the current international and profitability headwinds. Boeing (BA)Shares of Boeing (NYSE:BA) have already been hit hard in 2019 by engineering and design questions following two fatal crashes of the company's 737 Max planes. Elevated trade-war risks will only make the selloff more intense.There are already reports running around that part of China's retaliation efforts against higher U.S. tariffs will be to stop ordering Boeing planes. That's a big deal. China is Boeing's biggest international market, with revenues of $13.8 billion in 2018, or about 14% of total revenues. Further, China revenues rose 15% in 2018, versus U.S. revenue growth of 2%. Thus, China is a big and important market for Boeing. * 6 Signs That Marijuana Legalization is Closer Than You Think If that market gets hit hard by tariffs, then Boeing's numbers will take a hit. That will be on top of whatever hit the company takes from the 737 fall-out. Together, those two hits will create a big drag on BA stock. General Motors (GM)Source: Shutterstock Tesla won't be the only auto stock that trades down on elevated trade war tensions. Automotive giant General Motors (NYSE:GM) should trade down, too.Why? Because General Motors has a ton of China exposure. In 2018, the company sold 3.6 million vehicles in China. That's significantly more than the 3 million vehicles GM shipped in the U.S. in 2018, and comprises nearly 45% of GM's global shipments. Thus, China is a big market for GM.But the China auto market has been in free fall in 2019. Higher tariffs and increased trade tensions will only accelerate what is already a China auto market correction. If so, GM's numbers will deteriorate, because GM has such broad China exposure. In response to falling numbers, GM stock will fall, too. Apple (AAPL)Source: Shutterstock The world's biggest company, Apple (NASDAQ:AAPL), is also one of the trade war stocks with the most exposure to escalating trade tensions and bigger tariffs.Greater China is a $52 billion and rapidly growing business for Apple. Indeed, Greater China is the company's third biggest market outside of Americas and Europe, and accounts for 20% of revenues. Further, China is key to unlocking additional growth for Apple, since the country is often seen as one of the few remaining markets that doesn't have sky-high smartphone penetration rates yet. * 7 Dividend Stocks to Buy as the Trade War Reignites But the Chinese market slowed in 2018, mostly because of trade tensions. Those tensions have cooled in 2019, and Apple's China business has improved. But those tensions are rising again, and as they do, the 2019 improvements in Apple's Chinese business may erode. If they do, AAPL stock will continue to fall.As of this writing, Luke Lango was long IRBT and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed Compare Brokers The post 6 Trade War Stocks With a Lot of Risk appeared first on InvestorPlace.
Solid product portfolio, strength in motive power business and acquired assets are likely to drive Enersys' (ENS) revenues despite headwinds.
High-Growth Tech Stocks' Recent Performance(Continued from Prior Part)ServiceNowHigh-growth tech stocks have made a massive comeback this year after a volatile 2018. Some companies have seen falls since reporting mixed quarterly results, but
High-Growth Tech Stocks' Recent Performance(Continued from Prior Part)ServiceNowTech stocks have created massive wealth over the years and have been Wall Street favorites for a while now. Let’s look at the high-growth tech stocks discussed in
High-Growth Tech Stocks' Recent Performance(Continued from Prior Part)iRobot’s returnsiRobot (IRBT) stock has fallen close to 11% since the start of April, and it’s up 1.3% in May. The stock is currently trading at $104.88, which is 76% above
Shares of robotic-vacuum giant iRobot (NASDAQ:IRBT) plummeted in late April after the company reported first-quarter numbers which missed revenue expectations. The disappointing sales broadly implied that the company's robust growth trajectory was flattening out. Formerly red hot IRBT stock cooled down. By a lot. It fell nearly 25% in response.Source: Shutterstock To be fair, the iRobot growth narrative did slow down dramatically in the first quarter. But this slowdown is largely meaningless because it's temporary. Over the next three quarters of 2019 and into 2020, growth will re-accelerate thanks to new product launches. One of them includes the debut of the highly anticipated robotic lawnmower Terra.As such, the market seems to be overreacting to a Q1 slowdown in iRobot stock that simply won't last much longer than this quarter. As growth re-accelerates through the balance of 2019, bulls will take charge again, and IRBT stock will rebound meaningfully.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Stocks to Buy for May The main takeaway? Buy the dip in iRobot stock. This stock won't stay depressed for much longer. Q1 Numbers Hint at Scary Slowdown for iRobot StockAs I mentioned above, iRobot's Q1 numbers were not good. Unfortunately, covering analysts priced IRBT stock for great numbers. This combination of lousy metrics and a rich valuation ultimately caused iRobot stock to fall off a cliff.Q1 had two conspicuous negatives. First, growth has decelerated substantially. Second, margins are coming under pressure due to various factors.First off, revenue for iRobot stock and operational growth metrics came in at their lowest levels in recent memory. Specifically, units-shipped growth dropped to below 8%. Last quarter, it was above 25%. Through all of 2018, units-shipped growth was north of 15%. Meanwhile, revenue growth dropped to below 10% after largely 20%-plus revenue growth throughout 2018. This was led by a slowdown in both the domestic and international businesses.On the second point, gross margins for iRobot stock slipped badly in the quarter. They dropped 300 basis points year-over-year due to pricing and promotional activity. This is a huge deal for investors. Gross margins have been consistently trending higher for several years, despite rising competition, because iRobot has exercised unparalleled dominance across the whole consumer robotics space. But gross-margin erosion in Q1 implies that the competition may be creeping up, and that's a red flag for investors.In summary, iRobot's first-quarter numbers didn't inspire much confidence. Growth slowed and margins took a step back. Meanwhile, IRBT stock was trading near multi-year high valuation levels heading into the print. As such, the slowing growth and margin-erosion red flags led to a wave of selling in iRobot stock. This Slowdown Won't LastHowever, the post-earnings plunge in IRBT stock is based on fears that are unnecessarily short-sighted.Sure, growth is slowing. But it won't slow for long. IRBT plans on launching two new products next quarter. Those new product launches are expected to propel revenue growth back to the high-teens range. Meanwhile, the Terra robotic lawnmower is set to launch later this year, and that new-product launch is expected to help drive nearly 20% revenue growth for the full year 2019.Consequently, you shouldn't get hung up on the sub-10% growth rate, as viable new products will again ramp up revenue. Therefore, I expect sales growth to return to approximately end-of-2018 levels.Also, gross margins did take a step back in the quarter, and they are also expected to fall back for the full year. But this gross-margin erosion is mostly tied to new product launches and promotional activity surrounding those launches. Obviously, these promotional expenditures won't last forever. Thus, towards the back half of the year and into 2020, gross margins should start expanding again.Further, international growth rates were naturally hit by price hikes which the company instituted to offset tariffs. However unsteady the progress, both sides will probably eventually strike a deal. If so, those tariffs go away, and iRobot can lower their prices. That will provide a tailwind for international growth.All in all, then, the outlook for the rest of the year is for operations to dramatically improve from a depressed Q1. As operations do improve, IRBT stock should bounce back. Bottom Line on IRBT StockThe face of the consumer robotics revolution is iRobot, and this revolution is still in its first few innings. As such, this company projects as a big grower for the foreseeable future, and that big growth will ultimately keep IRBT stock on a winning path.Right now, IRBT stock is being beaten up on ephemeral Q1 slowdown concerns that will pass as growth re-accelerates with new product launches throughout the rest of the year. Consequently, right now seems like a good time to buy the dip in a long-term winner.As of this writing, Luke Lango was long IRBT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Why You Should Buy the Dip In iRobot Stock appeared first on InvestorPlace.
It's easy to forget when looking at charts that what often drives extraordinary stock performance is something basic and hard to see on the charts: Innovation.
We are now more than halfway through earnings season, and the broad takeaway has been largely bullish for stocks to buy. Long story short, first-quarter earnings were expected to be really bad due to slowing economic growth. But, they've actually been much better than expected, and second-quarter guides have been very strong, too. Overall, stocks are broadly rallying to all-time highs.But, this wasn't the case for every stock in the market. Instead, there were a handful of stocks that reported not-so-great first quarter numbers, and consequently dropped against the backdrop of market surging to new highs.Some of these stocks deserved to drop. Others, not so much. Indeed, there were are a handful of stocks which dropped big this earnings season that, quite frankly, shouldn't have dropped.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat makes for an interesting and compelling buy the dip situation. Stocks are red hot right now. Some aren't. Time to buy the dip in the ones that aren't, but should be? * 7 Dividend Stocks That Are Worth Your Money Perhaps. With that in mind, let's take a look at seven "buy the dip" stocks worth considering here and now. Buy the Dip Stocks Worth Considering: Chegg (CHGG)Source: Shutterstock Shares of digital education giant Chegg (NYSE:CHGG) dropped big after the company reported first quarter earnings and revenue beats, but guided below consensus estimates for second quarter and full year 2019 revenue.This big drop simply doesn't make much sense in the big picture. Sure, the second quarter and full-year revenue guides were weaker than expected. But, they were below the consensus estimate by less than 0.5%, and Chegg has developed a reputation for under-promising and over-delivering. As such, when all is said and done, revenues will likely come in well ahead of expectations, and this down-guide will be long forgotten old news.Further, all the growth metrics at Chegg remain rock solid. Revenue growth remains robust (north of 25%), the high margin Services business continues to ramp (34% growth), and margins continue to expand (EBITDA margins up 280 basis points in the quarter). So long as those growth metrics remain healthy, Chegg will remain on a long term winning trajectory towards becoming a very important, very valuable digital education company that investors should own for the long haul. IRobot (IRBT)Source: Shutterstock Shares of consumer robotics giant iRobot (NASDAQ:IRBT) dropped huge after the company reported first quarter numbers which missed on revenue estimates and included a worrisome slowdown in top-line growth trends.But, as investors know, a single quarter isn't a trend, it's a data point. Sure, the Q1 revenue growth data-point was weak. But, in the big picture, automation is happening everywhere, including on the consumer household products front.On that front, iRobot is the runaway leader, providing robotic vacuum and pool cleaners. This growth narrative is just getting started. Adoption of robotic vacuum cleaners will continue to rise over the next several years. iRobot will simultaneously release new products, like a robotic lawnmower. A whole consumer robotics revolution will play out, and iRobot's revenues and profits will soar higher. * The 10 Best Stocks to Buy for May In that big picture, a quarterly revenue miss in a quarter that doesn't carry much weight, is rather meaningless. As such, investors should take advantage of the recent plunge in IRBT stock. Intel (INTC)Source: Shutterstock Semiconductor giant Intel (NASDAQ:INTC) dropped sharply this earnings season after the company reported dour first quarter numbers that included an ugly second quarter guide and big cut to the full year 2019 guide.Behind the scenes, the global semiconductor market continues to struggle with falling demand and rising supply. Intel's bad Q1 numbers and ugly Q2 guide speak to this. But, over the next several months and quarters, demand should come back into the picture as the global economy finds its footing.Concurrently, supply should drop as players in the market more aggressively focus on discounting to clear inventory. Net net, by the end of 2019, the global semiconductor market should be a lot healthier than it is today.Intel is one of the biggest players in that market. As such, as the global semiconductor market improves from here into the end of the year, Intel stock should rise, too, making this dip look like a solid buying opportunity. Alphabet (GOOG)Source: Shutterstock Digital search and cloud computing giant Alphabet (NASDAQ:GOOG) had its worst day since 2012 this earnings season after the company reported first quarter numbers that pointed to a worrisome slowdown in the company's digital ad business.Namely, Alphabet reported its weakest digital ad and overall revenue growth rate in several years, and this continues what has been a multi-quarter downtrend in the company's ad growth rates. To make matters worse, Alphabet reported those numbers against the backdrop of its peers -- Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), and Snap (NYSE:SNAP) - all reporting pretty good usage and digital ad numbers this past quarter. Consequently, investors walked away from Alphabet's Q1 earnings concerned about the company's competitive positioning in the digital ad market.Such concerns are warranted. Alphabet will lose digital ad market share over the next several years as competition continues to ramp. But, the whole digital ad market is growing, and Alphabet will remain king in that market because digital search is and will remain the backbone of the internet. * 7 Dividend Stocks That Are Worth Your Money Further, margins are showing signs of bottoming, the cloud business remains hot, and Waymo has yet to make a financial impact. In other words, there is still a lot of long term growth firepower left here, and that makes this dip in GOOG stock look more like an opportunity than anything else. Twilio (TWLO)Source: Web Summit Via FlickrAfter reporting a clean double-beat-and-raise quarter, Twilio (NASDAQ:TWLO) stock actually dropped more than 5% in response as investors basically said the numbers weren't good enough.That's fair. This is a richly valued hyper-growth stock that's been on an absolute tear. Against that backdrop, Twilio needs to not only smash expectations, but also deliver far above-consensus guides, and keep doing that over and over again, in order for TWLO stock to stay in rally mode. That's a tall order. As such, it's not surprising to see some profit takers here.But, Twilio will continue to impress with consistent beat-and-raise reports over the next several years, mostly because this company is the unrivaled leader in the secular growth Communication-Platforms-as-a-Service (CPaaS) market, which is currently tiny relative to what it will be in five to ten years.As such, secular growth drivers will keep TWLO stock on a long term uptrend, and ultimately turn most dips in this stock into buying opportunities. Spotify (SPOT)Source: Spotify Music streaming giant Spotify (NYSE:SPOT) had a rough first quarter earnings season. The company beat on its most important metric, premium subscribers. They also announced above-consensus revenues for the quarter, and delivered a healthy guide. But, SPOT stock dropped in response.Why? A profit miss and slowing ad revenue growth. Neither of those concerns really hold water in the big picture. The profit miss is more a function of spending to grow, which is working, since premium subscriber growth remains north of 30%. The more important trend to watch is margins. Margins do continue to improve with scale. Meanwhile, slowing ad revenue growth is largely meaningless. The Spotify growth story is about premium subs, not ad-supported subs. Premium revs account for roughly 90% of this company's business. Ad revs are the other 10%. Thus, a slowdown in the ad business isn't all that meaningful, especially considering Premium revenue growth accelerated in the quarter. * 7 of the Best ETFs to Buy for a Slowing Economy Overall, then, Spotify actually reported pretty strong first quarter numbers. The stock just dropped in response to unnecessarily short-sighted concerns. Through the rest of the year, subscriber, revenue, and margin growth will remain robust. Today's concerns will fade away. SPOT stock will move higher.As of this writing, Luke Lango was long CHGG, IRBT, INTC, GOOG, FB, TWLO and SPOT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 5 Elephant-Sized Companies Warren Buffett Could Buy * 7 Cheap ETFs for Novice Investors Compare Brokers The post 7 Stocks Worth Buying When They're Down appeared first on InvestorPlace.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! If you own shares in iRobot Corporation (NASDAQ:IRBT) then it's worth thinking about how it contribut...
Macquarie's (MIC) first-quarter 2019 revenues rise year over year owing to strong operational performance of its in IMTT and Atlantic Aviation segments.