|Bid||44.70 x 800|
|Ask||44.71 x 1100|
|Day's Range||44.68 - 47.15|
|52 Week Range||37.07 - 88.60|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||65.96|
The next generation of travel is here and now there's an exchange traded fund to help investors tap that theme following the debut of the ETFMG Travel Tech ETF (NYSE: AWAY ), which debuted on Thursday. ...
Let’s not beat about the bush. In a world gripped by uncertainty, one truth will always remain; investors want to know the best places to put their money. The tricky part is sifting through the thousands of stocks on offer in search of the golden tickets – the names which can maximize an investment over the long term.While there are numerous ways of going about it, a tried and tested path is to follow the lead of the experts. After all, the pros and the casual investor have the same goal in their sights – hefty returns.Bearing this in mind, we’ve used TipRanks’ Stock Screener tool to pull up three tickers which those in the know see the coming months providing plenty of upside – over 25% as it happens. What’s more, all three currently boast a Strong Buy consensus rating from the Street.Sequans Communications (SQNS)Micro-cap Sequans Communications is a developer and provider of 5G and 4G chips and modules for IoT devices and has a partnership in place with telecommunications giant Verizon. The network carrier recently launched Sequans’ products, Monarch Go and Monarch GPS, which enable the connection of IoT Devices to Verizon’s LTE Network in much faster speeds compared to previous modules. Verizon is the first carrier to certify the all-in-one modem components.The company also delivered its Q4 earnings earlier this week and Needham’s Rajvindra Gill is impressed with the print. The 5-star analyst notes the chipmaker has taken major steps to improve its ability to bring its devices to market. Additionally, with new contracts with 2 large distributors, Avnet and RFPD, Gill expects the distribution channels to be key in targeting a massive, yet fragmented, IoT market.The 5-star analyst said, “SQNS delivered stronger than expected Q4 sales and grew 25% Q/Q due to a significant increase in services revenue from the $35MM strategic deal they signed in Q4. The company expects $8MM of sales from this deal in 2020 and ~$10MM/year in the following 2 years. Moreover, SQNS continued to experience strong traction in Cat M/NB, benefiting from the ongoing ramp of Monarch SiP coupled with a win at a large metering company… We continue to expect SQNS to benefit from the ramp in Cat M/NB, broadband stabilization, and strong long-term growth in vertical markets.”Gill, therefore, keeps his Buy rating intact. The positive print has caused him to boost his price target - from $6 to $7. The new figure implies potential upside of a rousing 27.5%. (To watch Gill’s track record, click here)What does the rest of the Street think? It turns out that they wholeheartedly agree with Gill. With 4 Buy ratings and no Holds or Sells, the message is clear: SQNS is a Strong Buy. If that wasn’t enough, the $8.81 average price target puts the upside potential at 60%. (See Sequans stock analysis on TipRanks)Callaway Golf Company (ELY)Callaway Golf Company enjoyed a healthy 2019, but has seen a slight decline to the share price since the turn of the year. While the stock beat the overall market with a strong 33% gain in 2019, so far in 2020 it is down by 11%. Yet, Wall Street analysts see the stock decline as a buying opportunity.The sporting goods company uses a very 21st century approach in the design of its golfing equipment. Callaway has been using artificial intelligence and machine learning in the new designs of its golf clubs, a strategy that has been paying off; it has taken top position in every category of clubs for 2020 in the industry’s benchmark publication, Golf Digest.While the company’s recent earnings report was a mixed bag, B.Riley FBR’s Susan Anderson remains a staunch fan. The analyst notes that the golf specialist outperformed in all segments, while exhibiting strong growth in all regions, too - sales growth increased year-over-year by 72.7%, beating the estimate’s call for growth of 69.1%.Anderson said, “ELY continues to outperform in its core golf equipment segment, which increased +35.6% in 4Q and +7.1% for FY19, driven by innovative new product such as the Epic Forged irons, MDS Jaws wedges, and Stroke Lab putters. We expect ELY's transformation of its business with its recent apparel/outdoor acquisitions, synergies across businesses, and new market expansion will drive growth above the overall golf business over the next several years.”As a result, Anderson reiterates a Buy rating on Callaway shares, along with a $30 price target. Should the target be met, investors will be pocketing a 55% gain over the next year. (To watch Anderson’s track record, click here)The Street is with the B.Riley analyst. 7 buy ratings coalesce into a Strong Buy consensus rating. The analysts average price target of $26 implies 34% upside for the golf club designer over the next 12 months. (See Callaway Golf stock analysis on TipRanks)Lyft Inc (LYFT)Part of the worry for investors in the disruptive ride sharing category is on the new players’ road to profitability. Lyft has been focusing on an alternative approach to its ride share rival Uber. While Uber has been diversifying in various directions – Uber eats, Uber freight, international expansion – Lyft has solely been concentrating on its ride sharing business in the US.The company recently posted its 4Q19 earnings report, with beats across the board. Revenue of $1.02 billion beat the estimate’s $984.1 million. Estimates called for a loss of $0.53 per share, while Lyft reported a loss per share of $0.41. Active riders of 22.9 million (up 23% year-over-year) slightly beat the Street’s estimate of 22.8 million. Revenue per active rider came in at $44.40 (an increase of 23% year-over-year) vs. the $43.19 expectation on the Street.Investors, though, were left disappointed by rising costs and expenses for 2019, which more than doubled from $3.1 billion to $6.3 billion. Additionally, unlike Uber, which projects profitability by the end of the year, Lyft expects to turn a profit by the end of 2021.Nevertheless, Wedbush analyst Daniel Ives noted “Lyft delivered another strong quarter with all metrics above consensus”. The 5-star analyst further said, “Despite shares down on the print before the conference call we view this as a continuation of Lyft delivering across the board strength every quarter since it's become a public company… This quarter is another step in the right direction for Lyft and rideshare space in general and we think should support continued share performance, estimate upside, and multiple expansion coming out of the results.”Bottom line, then? Ives maintains an Outperform rating on Lyft, alongside a price target of $75. Should the figure be met, investors can expect a 67% gain over the coming year. (To watch Ives’ track record, click here)The rest of the Street is in agreement. A Strong Buy consensus rating breaks down onto 21 Buys and 5 holds. At $68.45, the average price target indicates potential upside of 52%. (See LYFT stock analysis on TipRanks)
I last wrote about Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) stock back in October. At the time, I urged Uber stock investors to consider a ridesharing pair trade by shorting Lyft stock. Since that time, Uber stock is up 28%, while Lyft stock is up 18%, netting a 10% gain for that trade while limiting downside risk.Source: Daniel Dror / Shutterstock.com At this point, I believe the pair trade has run its course. Uber and Lyft are both extremely high-risk speculative bets. Following the recent outperformance of Uber stock, I no longer see it as the safer play. The NumbersIn the fourth quarter, Uber reported a net loss of $1.1 billion, slightly better than the $1.2 billion loss it reported in the third quarter. Revenue growth was 37%, up from 30% a quarter ago.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the same quarter, Lyft reported a net loss of $356 million, significantly better than its $463 million net loss in the third quarter. Revenue growth was 52% compared to 63% in the previous quarter. * 7 Exciting Stocks to Buy for Aggressive Investors In a nutshell, Uber's revenue growth bounced back a bit in the quarter, while Lyft's continued to erode. However, Lyft is still outgrowing Uber by a significant margin, suggesting it is gaining market share. Both Uber and Lyft improved their loss situation in the most recent quarter. Lyft shaved off a higher percentage of its losses than Uber did, but Lyft is still losing more money per share.Outside of those numbers, the rest of the Uber and Lyft bull thesis is mostly just a story. The two companies are hemorrhaging cash, but investors believe that will change at some point in the future. It certainly didn't change in the fourth quarter.But the only reason why Uber stock is up and Lyft stock is down since earnings is because Uber management changed their story a bit, while Lyft did not. Lyft had previously told investors it will be profitable by the end of 2021. Uber had told investors the same thing until this month, when it changed its profitability target date to the end of 2020. What Has Changed?As soon as Uber stock and Lyft stock hit the public market last year at IPO prices of $45 and $72, respectively, I told investors to stay away. The two companies were plagued by slowing revenue growth and huge losses. Investors were simply putting their faith in a story management was telling them about how things will get better in the future.So what has changed from that situation in nearly a year? To me, the most significant changes are the stock prices. Uber is now trading at $41.25, down about 8.3%. Lyft is trading at $48.46, down 32.6%.The other thing that has changed, as I said before, is the story. Uber management's story is now that it will be profitable a year ahead of Lyft. Of course, this isn't "real" profitability. It's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) profitability. Warren Buffett's long-time right-hand man and Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) vice chairman Charlie Munger expressed his disdain for EBITDA in an interview this week."I don't like when investment bankers talk about EBITDA, which I call bulls-- earnings," Munger said. "Think of the basic intellectual dishonesty that comes when you start talking about adjusted EBITDA. You're almost announcing you're a flake."In other words, Uber said this week it will hit its bulls -- milestone before Lyft hits its bulls -- milestone. Who cares? How to Play Uber Stock and Lyft StockProfitability has become the new trend among growth stock investors because of the flood of unprofitable growth stocks to hit the market in recent years. Investors need to decide which they want-growth or profitsWhat do Uber and Lyft's arbitrary profitability targets really mean when the target is so far in the future and there are so many unknowns between now and then? Just this week, a judge denied Uber's attempt to block California's AB5 law that could slam Uber and Lyft with massive new costs. How will the driverless vehicle technology race unfold in the next two years? How will partnerships and outside investments impact these two companies?For now, all investors know for sure is growth rates. The rest is just a story. Lyft is growing at a 52% rate, while Uber is growing at a 37% rate. Lyft stock is trading at a significantly larger discount to its IPO price. If you're a high-risk trader that wants to dip a toe in, pick the story you like best. I no longer see Uber stock as the better alternative given the recent price action. But I still need to see more progress from both companies to recommend buying.Wayne Duggan has been a U.S. News & World Report Investing contributor since 2016 and is a staff writer at Benzinga, where he has written more than 7,000 articles. Mr. Duggan is the author of the book "Beating Wall Street With Common Sense," which focuses on investing psychology and practical strategies to outperform the stock market. As of this writing, Wayne Duggan does not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post How to Play Uber Stock and Lyft Stock Following Earnings appeared first on InvestorPlace.
Quarterly earnings season is a periodic glimpse into the financial strength of companies investors hope might join the S&P; 500 one day.
Both companies are under pressure to get profitable, but are facing employment law changes in California, New York and elsewhere that could have onerous consequences.
Lyft's stock slumped despite upbeat Q4 results as its profitability timeline fell short of Uber. Investors can thus adopt a basket approach and play the ridesharing companies??? earnings with these ETFs.
U.S. stocks again pushed to new highs on Wednesday, as equities continue to race higher despite coronavirus worries. That said, let's look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Micron (MU) Click to Enlarge Source: Chart courtesy of StockCharts.comOne of investors' favorite chip stocks continues to plow higher. As Micron (NASDAQ:MU) stock climbs, it's now hitting new 52-week highs. The only thing left? Taking out its highs from 2018.Shares are coming into a tough resistance zone near $61, but over that mark puts the March 2018 high of $63.42 and the May 2018 high of $64.66 on the table. Over those marks, and MU stock may continue to gain momentum.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 U.S. Stocks to Buy on Coronavirus Weakness On a pullback, bulls will want to see the 10-week moving average hold as support. Below that puts the $52.50 level on watch. A further drop, and the 50-week moving average and uptrend support (blue line) will be on the table. Top Stock Trades for Tomorrow No. 2: Lyft (LYFT) Click to Enlarge Source: Chart courtesy of StockCharts.comAfter Uber (NYSE:UBER) ripped higher on better-than-expected results last week, Lyft (NASDAQ:LYFT) just couldn't deliver. That's too bad, as bulls were bidding shares higher in hopes of an inspiring quarter.Now, the stock is below the key $50 level, as well as the newly established 200-day moving average. If Lyft can reclaim these two marks, it puts the pre-earnings high on the table.On the downside, bulls would like to see the 50-day moving average currently near $47 hold as support. However, the must-hold mark is the 100-day moving average and uptrend support (blue line) near $45. Below puts the 2020 lows on the table around $42.50. Top Stock Trades for Tomorrow No. 3: Shopify (SHOP) Click to Enlarge Source: Chart courtesy of StockCharts.comMan, Shopify (NYSE:SHOP) continues to blow the roof off, with its latest earnings report propelling the stock to nearly $600 earlier! However, the stock is being met with sellers. What gives?I would guess it's a few things. First, the valuation here is very high, causing some investors to take some chips off the table even on solid results. Second, anyone who bought in the fourth quarter is sitting on massive short-term gains. That's likely triggering some profit-taking, too.In any regard, we need to see where SHOP finds its footing here. North of $500 still bodes well for the bull case, although shedding almost all of its post-earnings gains would be discouraging for obvious reasons. * 7 Smart Blue-Chip Stocks to Buy Now Let's see if SHOP can hold the $550 mark. Once we have a day-range to trade against, investors can either play for retest of the highs or a break of Wednesday's low, which will likely fill more of the recent gap. Top Stock Trades for Tomorrow No. 4: CVS Health (CVS) Click to Enlarge Source: Chart courtesy of StockCharts.comCVS Health (NYSE:CVS) is having a mild reaction to its earnings results, but there are still some positives on the weekly chart.Going back to late 2016, one can see that the 200-week moving average has been resistance for quite some time (purple arrows). In Q4 2019, CVS broke out over this mark -- and while it did fall back below it earlier this month, CVS reclaimed the 200-week moving average and continues to hold it as support (blue circle).In its post-earnings action, shares are testing into the recent range highs. Now, see how CVS handles the $77.50 area. This too has been multi-year resistance. Over it, though, and $80-plus is possible.If $77.50 holds as resistance, and/or CVS goes through a pullback, I want to see the 200-week moving average and uptrend support (blue line) hold as support. Top Stock Trades for Tomorrow No. 5: CyberArk (CYBR) Click to Enlarge Source: Chart courtesy of StockCharts.comIn late 2019 and early 2020, CyberArk Software (NASDAQ:CYBR) put together nine consecutive gains, as shares rose from $117 to $140. From there, it formed a tight range between $137.50 and $142.50.Unfortunately for bulls, that range is resolving lower -- gapping below uptrend support (blue line) and the 50-day moving average. Now losing the 200-day moving average, CYBR stock is trying to hold the 100-day moving average.Below the latter does not bode well for the bulls, as CYBR is clearly losing the momentum battle. Back over the 200-day moving average, and perhaps CyberArk can rally back to the 50-day moving average. Below Wednesday's low, however, and $110 or lower could be possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 U.S. Stocks to Buy on Coronavirus Weakness * 7 Smart Blue-Chip Stocks to Buy Now * 7 Low-Volatility Stocks to Buy In Jittery Times The post 5 Top Stock Trades for Thursday: MU, LYFT, SHOP, CVS, CYBR appeared first on InvestorPlace.
Gov. Charlie Baker's recommendation to hike fees on Uber and Lyft rides was among the components of his $44.6 billion budget that piqued the curiosity of the Ways and Means Committee chairmen.
Lyft stock was tanking on Wednesday, despite what would appear to be a stronger-than-expected fourth-quarter earnings performance.
Shares of Lyft, Inc. (NASDAQ: LYFT) continued to drop on Wednesday after a fourth-quarter earnings report that seems to have disappointed investors, but sell-side analysts continued to recommend the stock on strong revenue growth, and even upped price expectations for shares of the ride-hailing company. Wells Fargo's Brian Fitzgerald maintained an Overweight rating and raised the price target from $60 to $70. CFRA's Angelo Zino maintained a Buy rating and $70 price target on the stock.
Do Lyft and Uber have some sort of agreement to flip-flop what they project each earnings report? Both companies did clarify this is only in regards to adjusted EBITDA as their respective stock-based compensation expense continues to be a large offset to revenue. Lyft posted strong revenue growth of 68%, topping $1 billion versus estimates of $984 million.
The major stock indexes were broadly higher Wednesday morning on updated coronavirus figures. Shopify stock soared 15% on earnings.
On the heels of Uber's earnings call in which the company moved its profitability timeline forward, Lyft beat quarterly results and guidance expectations on Tuesday after the close. GAAP net loss per share came in at $1.19, narrower than Wall Street's estimated $1.38 cents. Active riders were 22.9 million, beating estimates of 22.8 million.
Lyft Inc.’s latest results have some analysts wondering whether Uber Technologies Inc. has a major edge as both ride-hailing companies aim for eventual profits amid investor unease over the steep losses in the ride-hailing industry.
Benzinga Pro's Stocks To Watch For Wednesday Uber (UBER) - Shares were up 0.8% in opposition with Lyft (LYFT) shares which were down 5% following Q4 results from the latter. Most sell-side analysts ...
Lyft Inc (NASDAQ: LYFT) has reported its fourth-quarter results after market closed on Tuesday. Investors were focused on the company's user growth and timeline for hitting profitability, after its main competitor ride-hailing giant Uber Technologies Inc (NYSE: UBER) recently smashed expectations on its profitability timeline and delighted its investors with a quicker-than-anticipated path to (adjusted) profits. Lyft has managed to beat expectations regarding growth, user count and health and for adjusted losses.
Robust rise in revenues aids Lyft's (LYFT) Q4 results. However, the company sticks to its expectation of becoming profitable in the fourth quarter of 2021.
Global markets are rallying and U.S. futures are pointing higher this morning as the number of new coronavirus cases, now called COVID-19, diminishes.
Futures. Shopify earnings unexpectedly jumped while Lyft retreated despite good results. Tuesday's stock market rally stalled as the FTC's Big Tech probe hit Facebook and Microsoft.