|Bid||133.20 x 900|
|Ask||133.35 x 900|
|Day's Range||132.52 - 136.99|
|52 Week Range||41.88 - 141.85|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Okta (OKTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he doesn't like the airlines right now. It's not the right place to be. He would take a look at Delta Air Lines, Inc. (NYSE: DAL ) when ...
The stock market is in selloff mode right now. The only two things the market cares about -- the trade war and interest rates -- aren't progressing as hoped. Trade tensions between the U.S. and China have escalated over the past few days, with U.S. President Donald Trump implementing new tariffs on more Chinese goods, and China responding by playing currency manipulation games directly aimed at hurting the U.S. At the same time, the Fed has expressed a more hawkish than expected tone with respect to future rate cuts.In response, stocks -- which marched 10% higher in June and July to all-time highs without ever retreating more than 2% -- have dropped 5% through the first few trading days of August.In the big picture, this sell-off is nothing more than a bull market gut check. It will ultimately pass and soon. By the end of the year, stocks should be materially higher than where they are today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe recent round of tariffs is just a Trump chest puff in order to get the Fed to lower rates more aggressively. It will work. Renewed trade tensions between the U.S. and China will create more economic cross-currents, which will force the Fed to cut rates more aggressively. Once those rates go lower, Trump will probably pull some of these tariffs off the table because he doesn't want the trade war to get out of hand ahead of the 2020 election. China will stop playing currency manipulation games because they, too, don't want things to get out of hand since trade with the U.S. accounts for a significant chunk of their economic activity.Net net, by the end of the year, you will have reduced trade tensions and lower rates. That's a winning recipe for stocks, especially growth stocks which thrive in a low rate environment. * 10 Stocks to Buy on the Trade War Dip As such, growth stocks look like a good buy on this recent dip. By extension, growth ETFs also look a like good buy on this dip. Thus, let's take a look at six growth ETFs which look good for a second half 2019 rebound rally. First Trust Nasdaq Cybersecurity ETF (CIBR)Source: Shutterstock YTD Gain: 21%Percent off 2019 Highs: 8%The Big Idea: Cybersecurity spend globally will continue to rise, implying sustained big growth potential for cybersecurity companies, and this ETF gives you broad exposure to the world's most important cybersecurity stocks.Key Holdings: Cisco (NASDAQ:CSCO), Fortinet (NASDAQ:FTNT), Palo Alto Networks (NYSE:PANW), Splunk (NASDAQ:SPLK) and Okta (NASDAQ:OKTA)For the past several years, I have employed a saying which broadly encompasses the bull thesis on cybersecurity stocks: another day, another hack, another reason to buy cybersecurity stocks. Long story short, companies are increasingly accumulating data on their customers and storing that data in the cloud. This data is extremely valuable and often very personal. But because it's in the cloud, it is subject to being stolen by hackers. Thus, enterprises need to keep spending big on cybersecurity solutions to secure all that data, and the more hacks that happen in the world, the more companies will double down on cybersecurity spend to avoid such hacks.This is exactly what has happened over the past several years. Every company in the world is collecting and storing more data. But all that data keeps getting compromised. In 2016, Adult Friend Finder, Yahoo and Uber (NYSE:UBER) were the victims of big hacks. In 2017, it was Equifax (NYSE:EFX) and Verizon (NASDAQ:VZ) and in 2018, it was Marriott (NASDAQ:MAR), Twitter (NYSE:TWTR), Under Armour (NYSE:UAA) and Chegg (NASDAQ:CHGG). So far in 2019, the headline hack has been the Capital One (NYSE:COF) data breach, which exposed info on more than 100 million Capital One customers.As all these hacks have happened, cybersecurity companies have broadly benefited from consistently huge revenue growth. Palo Alto Networks reported 28% revenue growth last quarter. Fortinet was up at 18% revenue growth last quarter. Splunk? 36%. Okta? 50%. Even further, the whole industry has high gross margins, so big revenue growth is paving the path for huge profits at scale one day.Nothing about this secular growth narrative changes because of the trade war. Instead, the lower rates go, the more the lofty valuations underneath cybersecurity stocks will be justified. As such, the First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) -- which is a collection of the market's most important cybersecurity stocks -- should rebound in a big way from today's 8% selloff and head significantly higher into the end of the year and over the long run. First Trust Cloud Computing ETF (SKYY)Source: Shutterstock YTD Gain: 17%% off 2019 Highs: 9%The Big Idea: The cloud is the future of all enterprise workloads, yet only 20% of such workloads have migrated to the cloud, paving the path for sustained huge market growth in the long run -- and this ETF gives you exposure to the world's most important cloud stocks.Key Holdings: VMWare (NYSE:VMW), Salesforce (NASDAQ:CRM), Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT)In the enterprise world, the cloud is the future of everything. Every single enterprise workload -- from crafting an email to creating a spreadsheet and everything in between -- can and should be done in the cloud, given the cost and convenience advantages of cloud-hosted solutions over on-premise solutions. After all, are we really going back to the era of flash drives?As such, the inevitable outcome here is that, eventually, 100% of enterprise workloads will be performed in the cloud. Today, only 20% of enterprise workloads have migrated to the cloud. Thus, this secular cloud growth narrative is only one-fifth done.And that's just the enterprise side of things. Consider that consumers are also increasingly pivoting to the cloud - think Office 365 or Adobe Photoshop. That's an entirely separate yet also very large growth vertical which should keep the entire cloud market on a secular uptrend for the next several years.Consequently, the big growth rates across this industry are here to stay. As they do stick around, cloud stocks will rally and that will drive the First Trust Cloud Computing ETF(NASDAQ:SKYY) significantly higher in the long run. * 9 Catalysts That Will Drive Chinese Biotech Stocks Much Higher Near term, escalating trade tensions will have a negative impact of enterprise investment levels, which could temporarily weigh on cloud growth rates. But as mentioned earlier, these escalating trade tensions will inevitably cool, meaning that any weakness here and now will be short lived. Instead, the more important implication is that falling rates will keep cloud stocks on a medium-term uptrend. iShares Expanded Tech-Software Sector ETF (IGV)Source: Shutterstock YTD Gain: 22%% off 2019 Highs: 8%The Big Idea: Software-as-a-Service (SaaS) stocks are winning investments, and this ETF gives you broad exposure to the world's best SaaS stocks.Key Holdings: Adobe (NASDAQ:ADBE), ServiceNow (NYSE:NOW), Autodesk (NASDAQ:ADSK), Microsoft and SalesforceThe best way to look at the iShares Expanded Tech-Software Sector ETF (NYSE:IGV) is as a slightly expanded version of the Cloud Computing ETF. When buying IGV, you get the best cloud stocks, plus other SaaS stocks which are supported by similar secular adoption tailwinds and favorable margin profiles.The big holdings here include Adobe, ServiceNow, Autodesk and Salesforce. What do all these companies have in common? Huge revenue growth, with a majority of that revenue coming from steady subscription models. Big gross margins, which is the result of selling low cost software. And rapidly expanding operating margins, a byproduct of huge revenue growth driving positive operating leverage.Put those three things together and each of these companies is either currently or has the potential to produce huge profits.In other words, the core fundamentals underlying IGV are very strong. Those fundamentals are hardly deterred by the trade war. Yet the ETF is 8% off its 2019 highs. This drop will inevitably pass, especially with rates dropping and IGV will roar higher from here into the end of the year. Global Robotics and Automation Index ETF (ROBO)Source: Shutterstock YTD Gain: 10%% off 2019 Highs: 15%The Big Idea: The automation trend is choppy, but within the next decade, automated technologies will go from niche to mainstream adoption, implying big growth potential for robotics and automation stocks in the long run -- most of those winning stocks are packaged into this ETF.Key Holdings: Nvidia (NASDAQ:NVDA), Zebra (NASDAQ:ZBRA), Intuitive Surgical (NASDAQ:ISRG), Rockwell Automation (NYSE:ROK) and iRobot (NASDAQ:IRBT)Of all the ETFs on this list, the Global Robotics and Automation Index ETF (NYSE:ROBO) has been the worst performer in 2019. Every other ETF on this list is beating the market year-to-date, with gains in excess of 14%. ROBO, on the other hand, has under-performed the S&P 500 in 2019, rising just 10% year-to-date.This underperformance won't last for long. The automation trend is admittedly choppy. Technology isn't quite there to justify enterprises spending big on automation… yet. Meanwhile, negative robot stigmas remain in the consumer world, so things like self-driving and robotic vacuum cleaners remain niche… for now.These are temporary phenomena. Eventually, technology will get to a point where automated technologies are good enough (and their value so compelling) that enterprises will pivot wholesale to adopting these technologies. At the same time, there will come a point where things like self-driving have enough evidence of success that consumers will start to trust them in bulk.In other words, it's only a matter of time before the automation wave changes our entire society. When it does, robotics and automation stocks -- like Nvidia, Zebra, Intuitive Surgical and Rockwell -- will soar. All of those stocks are packaged into the ROBO ETF, meaning that ROBO has huge potential long term. * 10 Cyclical Stocks to Buy (or Sell) Now The trade war is just a hiccup in the secular automation growth narrative. As such, with ROBO down 15% due to trade war noise and near-term growth concerns, now looks like a compelling time to buy into this secular growth ETF. Amplify Online Retail ETF (IBUY)Source: Shutterstock YTD Gain: 20%% off 2019 Highs: 7%The Big Idea: E-commerce and digital services are the future of the consumer economy, and this ETF gives you exposure to all of the most important e-commerce and digital services stocks in the U.S.Key Holdings: Wayfair (NYSE:W), Etsy(NASDAQ:ETSY), PayPal (NASDAQ:PYPL), Chegg and AmazonThe internet has connected the world in ways that it's never been connected before. In so doing, it has enabled a new digital economy to emerge, which leverages this unprecedented connectivity to allow consumers to essentially do anything from their computers or phones. Need to buy something? Go on the Amazon app. Need to study something? Go to Chegg.com. Want to sell something? Create an account on Etsy.Pretty much every consumer interaction can now be replicated online. Consumers like this. It's more convenient. They don't have to go to the store to shop. They don't have to go to the library to study.Yet, e-commerce still only represents 10% of total retail sales in the United States, which is considered one of the more deeply e-retail penetrated markets in the world. As such, there's still plenty of room for growth left here, the sum of which should drive e-commerce and digital services stocks -- and the Amplify Online Retail ETF (NASDAQ:IBUY) -- materially higher in the long run.IBUY is presently 7% off its 2019 highs because of this fear that escalating trade tensions will disrupt the global consumer economy and in turn, weigh on e-retail growth rates. That could happen. But things would need to get a lot worse. At present, the U.S. consumer economy is still firing on all cylinders, thanks to sustained healthy labor conditions. The same is true for many other important consumer economies across the world.Consequently, near term weakness in IBUY looks like a long term opportunity. This high-growth ETF should rally into the end of 2019 and over the long run. ETFMG Prime Mobile Payments ETF (IPAY)Source: Shutterstock YTD Gain: 35%% off 2019 Highs: 6%The Big Idea: The consumer economy is becoming increasingly digital, and as it does, that means payments are becoming increasingly digital, too -- this growth ETF gives you exposure to all the stocks which are powering this global secular pivot to e-payments.Key Holdings: Mastercard (NYSE:MA), Visa (NYSE:V), Square (NYSE:SQ), American Express (NYSE:AXP) and PayPalE-commerce is just one part of the digital economy growth narrative. The other part is e-payments. That is, as consumers increasingly pivot into the digital economy, they are simultaneously adopting non-cash payment methods which support digital transactions.In plain English, this translates into "consumers are ditching cash for non-cash payment methods, like cards and e-wallets, because they support digital transactions, which are becoming an increasingly big part of the consumption pie". This dynamic will persist for the foreseeable future. That means big growth for companies which provide these non-cash payment methods. Such companies include Mastercard, Visa, Square and PayPal. All four of those companies reported payment volume growth of 9% or better last quarter.The Prime Mobile Payments ETF (NASDAQ:IPAY) takes all of these non-cash payment processor stocks and packages them into one asset. Presumably, then, as these stocks all rise concurrently over the next several years with the non-cash payments pivot, IPAY will rise, too. * 3 Steps Every Investor Should Take Before the Next Stock Market Crash The near term outlook is equally rosy. As is the case with IBUY, IPAY has dropped over the past few trading days over concerns that escalating trade tensions will dampen global consumer enthusiasm. But this isn't happening yet. It will take a lot more for this to happen. Trade tensions are more likely to cool going forward, than they are to heat up. As such, the outlook for payments stocks to rally into the end of 2019 is favorable.As of this writing, Luke Lango was long PANW, SPLK, OKTA, UBER, CHGG, NFLX, AMZN, MSFT, ADBE, PYPL, V and SQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains The post 6 Big Growth ETFs to Buy For the Second Half of 2019 appeared first on InvestorPlace.
CEO of Okta Inc (30-Year Financial, Insider Trades) Todd Mckinnon (insider trades) sold 250,000 shares of OKTA on 07/30/2019 at an average price of $132.27 a share. Continue reading...
If you look at the closing prices for the U.S. stock market indices, it looked like a quiet summer day in the stock market today. But under the surface, it was anything but on Wall Street.A quick stock market recap: the S&P 500 fell 0.14%, while the Dow climbed 0.11% and the Nasdaq slipped 0.44%. The Russell was the worst performer, down 74 basis points.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Action in the Stock Market TodayOver the weekend, Barron's published a piece called, "Sky-High Software Stocks Are Beginning to Look Like They're Forming a Bubble."This hit many of 2019's strongest stocks. Names like The Trade Desk (NASDAQ:TTD), Shopify (NASDAQ:SHOP), Roku (NASDAQ:ROKU), Veeva Systems (NASDAQ:VEEV), Okta Software (NASDAQ:OKTA), Yext (NASDAQ:YEXT), Twilio (NYSE:TWLO) and others.It didn't help that many of these names enjoyed a strong week last week and in particular, a strong Friday where the S&P 500 and Nasdaq both hit record highs. * 7 Semiconductor Stocks to Buy for Your Inner Geek These are market-leading stocks, so to see some profit-taking should come as little surprise -- particularly with many of their earnings still a few weeks off. However, this week alone features about 1,400 earnings reports, as well as the Federal Reserve's much-anticipated announcement on Wednesday. Investors expect a rate cut this week, likely for 25 basis points.To see market participants get a bit defensive ahead of the announcement is normal. To be honest, it's a better development for bulls to see stocks come down ahead of events like this, giving them room to rise afterwards.Seeing utilities, healthcare, the VIX, leading dividend stocks, REITs, gold and other "safe" asset classes rise ahead of the Fed is reasonable. One could even argue that many of these assets benefit from a rate cut, too.However, it will be very important to see how these high-octane growth stock react over the next few days and weeks. Do they bounce back and reclaim major levels to push higher? Do former levels and trends starting acting as resistance? These are the clues investors need to watch for to make sure they continue to lead the market higher or if they signal a change in tone.(Here's how to trade SHOP and VEEV, by the way). Merger MondayMerger Monday lived up to its name when Pfizer (NYSE:PFE) announced its all-stock deal with Mylan (NYSE:MYL).Both companies issued their quarterly results on the day, with Pfizer reported a 1.6% decline in revenue and Mylan reporting a 1.3% gain. Can you tell the generic drug industry is struggling for growth?The hope between the two companies is that a merger will create synergies, cut down costs and increase growth. The new entity, which will have a new name at some point, will be 57% owned by Pfizer shareholders. The other 43% will belong to Mylan shareholders. More of Today's Stock Market NewsApple (NASDAQ:AAPL) will report earnings on Tuesday after the close. However, yet another firm has felt the need to issue a bullish report. JPMorgan analysts have an overweight rating on the stock and a $239 price target, implying almost 14% upside from current levels. They believe Apple will top consensus expectations for revenue and earnings, and believe it will have three 5G iPhones next year.Starbucks (NASDAQ:SBUX) received a pair of downgrades Monday morning, after nearly hitting $100 per share on Friday. The stock, which we said has been a bit too hot, was cut to neutral at both JPMorgan and Baird. The former has a $91 price target, while the latter has a $98 target.Goldman Sachs initiated coverage on Chipotle Mexican Grill (NYSE:CMG), slapping a buy rating on the stock with a $1,000 price target. They also put the stock on its conviction buy list.Shares rallied over 3% in response, but many are asking, where the heck have these analysts been? Shares are now up 71% over the past year and almost 90% so far in 2019. From current levels, the analysts still expect almost 25% upside. * 5 Top Stock Trades for Tuesday: SHOP, NFLX, JNJ Finally, Tesla (NASDAQ:TSLA) closed near session highs, up 3.4%, after CEO Elon Musk said Tesla car owners will soon be able to stream Netflix (NASDAQ:NFLX) and YouTube. That would be a pretty cool and interesting development in the auto world. The stock is bouncing perfectly from the 50-day, where it was laid out as a trade last week on InvestorPlace's Top Stock column.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, TTD, SHOP, ROKU and YEXT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Semiconductor Stocks to Buy for Your Inner Geek * 7 Stocks to Buy That Save You Money * 4 Stocks to Sell Now The post Stock Market Today: High-Growth Stocks Get Hammered appeared first on InvestorPlace.
With stocks continuing to court record highs and a dovish Federal Reserve meeting expected on the horizon, the backdrop continues to favor a bullish bias. In today's gallery, we're going to offer up three breakout stocks to buy.Source: Shutterstock They all boast several attractive technical characteristics.First and foremost is the price trend, which is zooming to the moon. Second is relative strength with market-beating returns so far this year … third is a recent basing pattern that provides low-risk entries.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTogether, these factors combine to present some exciting trading opportunities for the week ahead. As usual, we'll offer up specific trade ideas for each pattern. * The 10 Best Index Funds to Buy and Hold Let's take a closer look at three stocks to buy. Adobe (ADBE) Click to Enlarge Source: ThinkorSwim The long-term trend of Adobe (NASDAQ:ADBE) belongs in a class of its own. It's up ten-fold since 2012, and short of one hiccup in the fourth quarter 2018, it has seen virtually zero giveback along the way. To deliver such gains over seven years is inspiring. But to do it with almost no corrections or nasty volatility along the way?It's the ultimate gift from the market gods.There's no doubt Adobe has been one of the best stocks to buy of this bull market. During this year's ascent, we've seen a modest amount of chop along the way, but each pausing period has ultimately paved the way for higher prices. I see no reason why the past month's high base won't end similarly.Look for a breakout over $313 resistance, then deploy bullish trades. With implied volatility in the tank and ADBE stock's hefty price tag, I like bull call spreads. Buy the Oct $310/$320 bull call spread for around $4.75. Costco (COST) Click to Enlarge Source: ThinkorSwim Costco (NASDAQ:COST) finds itself in a similar position. While its multi-year gains haven't been as jaw-dropping as ADBE, Costco has still been a fantastic stock to buy.The past two years have seen a surge in upside momentum signaling the uptrend is on strong footing. From a charting perspective, this year's trend has seen multiple bases and upside breakouts. Each has seen solid follow through, providing ample opportunity for breakout traders seeking stocks to buy.Currently, COST stock has built a two-week consolidation zone near $280. With the 20-day moving average fast approaching, the time is nigh for an upside pop. Watch for a breach of $284.31, then enter bullish plays. Like Adobe, the cheap implied volatility and the expensive price tag of Costco make it a good candidate for call spreads. * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right Buy the Oct $280/$290 bull call spread for around $4.75. Okta (OKTA) Click to Enlarge Source: ThinkorSwim Okta (NASDAQ:OKTA) is the more speculative pick of the bunch. Since its 2017 IPO, the San Francisco-based software company has been a favorite among momentum traders. One glance at its price chart reveals all you need to know. Since opening at $23.56, OKTA stock has risen 474%This year OKTA is on pace for another barn burner. Its year-to-date gains have already eclipsed 110%. The best way to play it has been buying breakouts along the way. We've seen many bases deliver powerful upside runs. The current three-week consolidation zone presents another alluring setup.Today's drop suggests the stock may need some more time before an upside break transpires. Watch for a rise above $141.85, then enter bullish trades. The liquidity in its options is so-so, at best, so be sure to use limit orders. Buying the Nov $135/$145 bull call spread for around $4.60 if it breaks out is worth consideration.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Semiconductor Stocks to Buy for Your Inner Geek * 7 Stocks to Buy That Save You Money * 4 Stocks to Sell Now The post 3 Breakout Stocks to Buy Now appeared first on InvestorPlace.
Shares of software names are getting pummeled in Monday morning trading in the wake of a recent rally, after the iShares Expanded Tech-Software Sector ETF closed at an all-time high on Friday. Several recent initial public offerings are among the biggest decliners, with Zoom Video Communications Inc. shares down 8.1% and CrowdStrike Holdings Inc. shares off 6%. Other names showing weakness in the session include Okta Inc. , down 6.9%, Roku Inc. , down 6.2%, Atlassian Corp. , down 7.4%, Smartsheet Inc. , down 6.2%, and Shopify Inc. , down 5.5%. Larger software stocks including Salesforce.com Inc. , Adobe Systems Inc. , and Workday Inc. are down as well. The First Trust Cloud Computing ETF is off 2.6% in the session, while the Global X Cloud Computing ETF is off 3.2% and the more software-focused iShares Expanded Tech-Software Sector ETF is down 2.5%. Barron's warned of a software bubble in its weekend issue. The S&P 500 is only off 0.3% in Monday trading.
The big shareholder groups in Okta, Inc. (NASDAQ:OKTA) have power over the company. Generally speaking, as a company...
CFO of Okta Inc (30-Year Financial, Insider Trades) William E Losch (insider trades) sold 20,000 shares of OKTA on 07/15/2019 at an average price of $136.79 a share. Continue reading...
With high-profile breaches and data controversies becoming more commonplace, OKTA co-founder Frederic Kerrest told Yahoo Finance that companies have to be more proactive.
Demand in the cybersecurity sector is growing. Yahoo Finance's Zack Guzman & Heidi Chung discuss with Okta Co-founder & COO Frederic Kerrest.
The communication landscape is changing. Yahoo Finance's Zack Guzman & Heidi Chung discuss with Okta Co-Founder & COO Frederic Kerrest.