|Bid||296.00 x 900|
|Ask||296.17 x 800|
|Day's Range||289.80 - 296.53|
|52 Week Range||171.89 - 296.53|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||44.03|
|Earnings Date||Jan 29, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||1.60 (0.55%)|
|1y Target Est||314.53|
Stocks erased losses and the Nasdaq composite outperformed Friday as the stock market gyrated on sometimes conflicting headlines on the China trade war.
In a mixed year for initial public offerings, software names have been a bright spot, and Bill.com Holdings Inc. kept the streak alive Thursday.
Breakout trades are a well I have returned to time and again in recent weeks. But, hey, if it ain't broke …Today we're looking at three more stocks to buy that boast compelling setups ahead of the weekend. The appeal of the ever-popular breakout pattern is simple. There are four groups of market participants: two are buyers and two are sellers. The former group consists of new bulls going long and old bears exiting shorts (buying to cover). The latter group involves new bears going short and old bulls exiting longs.When a stock breaks major resistance, both buying camps are present while the selling groups are absent. Here's what I mean: New buyers enter, and old short sellers exit to minimize damage. At the same time, new short sellers steer clear because the breakout is a powerful bullish signal. And old buyers stay the course not wanting to cut their gains short in the face of such strength.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Worst Dividend Stocks of the Decade Let's take a closer look at three breakout stocks to buy. Shopify (SHOP)Source: The thinkorswim® platform from TD Ameritrade Shopify (NYSE:SHOP) will end 2019 as one of the biggest gainers on the Street. It's up 165% and could tack on additional profits over the final three weeks. It spent much of the fourth quarter carving out a correction, but after Thanksgiving, buyers returned in a big way.The upside pop saw huge volume confirming institutions are backing the boom. Since then, we've seen a classic six-day high base pattern that has allowed SHOP stock to digest gains and set the stage for further upside.You can either enter bull trades in anticipation of the next breakout or wait for a rise above $381 to confirm. Bull call spreads offer a low-cost path to profits on this expensive stock.The Trade: Buy the February $380/$400 bull call spread for around $8. Microsoft (MSFT)Source: The thinkorswim® platform from TD Ameritrade Microsoft (NASDAQ:MSFT) isn't a stranger to bullish patterns. Its history is littered with profit-giving pullbacks and Benjamin-filled breakouts. Its year-to-date gains aren't as jaw-dropping as SHOP, but it's also a much, much bigger company. The 50% rise could tack on a few more percentage points in the final few weeks.The past month has seen a mini cup-and-handle formation that triggered this morning. Bull trades are worth a shot, and with the low implied volatility, bull call spreads make sense.The Trade: Buy the February $155/$160 bull call spread for around $2.09 Mastercard (MA)Source: The thinkorswim® platform from TD Ameritrade Our final selection calls the financial sector home. Credit card stocks have enjoyed a profitable year, and Mastercard (NYSE:MA) is one of the best. Its path has closely tracked that of MSFT with a 54% year-to-date gain.MA stock's 20-day, 50-day, and 200-day moving averages are all pointing higher in support of the trend. But resistance has cropped up over the past month near its 52-week high at $293. We've seen multiple attempts to rise above it, but none have succeeded. I suspect, however, that resistance's days are numbered, and an upside breakout is looming.As mentioned with SHOP, you can either deploy bullish plays now in anticipation of an upside resolution or wait for confirmation.The Trade: Buy the April $295/$305 bull call spread for around $4.60.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post 3 Big Breakout Stocks to Buy appeared first on InvestorPlace.
New York’s Metropolitan Transportation Authority said Wednesday that it has rolled out contactless-payment capabilities at Penn Station, part of the agency’s plan to reach 85 subway stations by the end of the month and all 472 stations by the end of next year.
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Matthew Iorio's White Elm Capital is returning money to its investors at the end of the year. Based in Greenwich Connecticut, Matt Iorio's White Elm Capital is a top-tier hedge fund that flied under many investors' radar screens. A former managing director at Stephen Mandel's Lone Pine Capital, Matt Iorio is a Tuck School of […]
Companies from financial services to real estate and medical devices offered investors holiday cheer, disclosing plans to increase their dividends this past week.
Dec.11 -- Jonathan Curtis, portfolio manager at Franklin Technology Fund, discusses his outlook for the tech sector in 2020. He speaks on “Bloomberg Markets: Asia."
Yahoo Finance's Brian Sozzi, Alexis Christoforous and Jared Blikre discuss the latest market action with Smead Capital Management CEO & CIO Bill Smead and Crossmark Global Investments’ Victoria Fernandez on The First Trade.