19.88 -0.01 (-0.05%)
After hours: 4:57PM EST
|Bid||19.89 x 4000|
|Ask||19.92 x 800|
|Day's Range||19.64 - 21.00|
|52 Week Range||12.33 - 66.75|
|Beta (3Y Monthly)||2.89|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 13, 2019 - Mar 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||66.50|
With its stock up 60% for the past twelve months, and higher to the tune of 47% just since the late-December low, investors have certainly given online retailer Wayfair (NYSE:W) the benefit of any doubt. On Friday morning, all those buyers will find out if their bets on Wayfair stock were warranted.Source: Shutterstock That's when the company will be releasing fourth-quarter numbers, indicating how well it did during last year's all-important holiday shopping season.Expectations are modest, all things considered. While sales are projected to have improved by nearly 37% year-over-year, the company has invested heavily in its growth. It has invested so heavily, in fact, that its persistent losses are expected to widen despite the scale-up.InvestorPlace - Stock Market News, Stock Advice & Trading TipsProblem: Shareholders are generally growing weary that have to choose between market share and profitability. Heavy Spending to Crimp Wayfair Stock EarningsIt's a moving target to be sure.Wayfair, an online retailer that specializes in home goods, hasn't been afraid to pull several levers at the same time in an effort to expand its customer base and pump up its top line. * 7 Healthy Dividend Stocks to Buy for Extra Stability Case(s) in point: The launch of a private-label credit card, a fee-generating subscription service called MyWay, investments in its customer loyalty efforts and the launch of a mixed reality app that lets consumers visualize what a piece of furniture would look like in their home are just some of the savvy initiatives Wayfair has taken on of late.They're smart, business-building projects too. The company's one million-plus credit card holders are expected to collectively spend on the order of $900 million with Wayfair this year.These initiatives "work," but they don't come cheap. For its fourth fiscal quarter ending in December, analysts are looking for revenue of $1.97 billion, up 36.6% from the year-earlier top line of $1.44 billion. But, the year-ago loss of 58 cents per share of Wayfair stock is projected to widen to a loss of $1.28, as the e-commerce name pays for all the projects it's taken on.For the full year, analysts are modeling revenue of $6.73 billion and a per-share loss of $4.24. That revenue outlook is up 42.6%, but the expected loss is more than twice 2017's loss of $1.97 per share of W stock. Weighing Wayfair StockNone of the nuance is unfamiliar to investors, who've seen fellow e-commerce players like Amazon.com (NASDAQ:AMZN) and Overstock.com (NASDAQ:OSTK) spend heavily in the name of establishing a customer base.Not all names necessarily ever get into the black and stay there though. Amazon's future looks reasonably secure in that it's finally turning a reliable profit, but Overstock was only able to occasionally tease investors with actual operating income before CEO Patrick Byrne decided last year to sell its retail operations and focus in cryptocurrency.Credit Suisse analyst Stephen Ju thinks it's a long game, penning last month that the bullish thesis on Wayfair stock "is entirely predicated on the long-term growth and profitability trajectory that these investments will help drive."If true, it plays right into the hand Wayfair is holding. Ju also said the company's market share in the home goods arena "remains strong and defensible in the near-to-medium term."Defensible, but not yet profitable.And there's the rub for current and prospective shareholders. The palatability of consistently unprofitable companies has been slowly but surely deteriorating.That may not be a stumbling block for Wayfair in the distant, distant future. Ju believes by 2021, Wayfair's net profit contribution per international customer will reach $4, and grow to $27 per year by 2024. The metrics for U.S. customers looks even better. The Credit Suisse analyst believes U.S. customers will contribute $27 in net profits by 2021, and ramp-up that number to $45 by 2024.Much can happen, and change, in five years though. In the e-commerce arena, that may as well be 50 years. It's certainly more than enough time for Amazon.com or Walmart (NYSE:WMT) to turn the key on something better focused on home goods than either has cultivated yet. Bottom Line for W StockStill, the bulls have tipped their hand. Although it has been a volatile past couple of years, each pullback from Wayfair stock has been ultimately met with higher highs. If the company can convince investors it's on track to meet its long-range profitability goals, the market may once again see the glass as half-full.There's no room for error though. Most investors are already skeptical the broad market's got room and reason to keep rising. Anything less than a solid earnings beat and a healthy outlook for 2019 could easily put a wave of profit-taking in motion.To that end, analysts are collectively looking for revenue of $8.86 billion this year to lead to a per-share loss of $4.37. If the costly initiatives are going to lead to profitability -- or even smaller losses -- nobody's expecting it to start happening this year.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post Wayfair's Upcoming Earnings Is Best Viewed Through a Long-Term Lens appeared first on InvestorPlace.
NEW YORK, Feb. 12, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Following the announcement on January 24, 2019 by tZERO Group, Inc., a global leader in blockchain innovation for capital markets and majority-owned subsidiary of Overstock.com, Inc. (OSTK), regarding the commencement of trading of tZERO security tokens on the tZERO platform, a technology solution for trading digital securities, tZERO provides further information regarding the key events and efforts that led up to this important milestone. As previously announced, the platform now enables accredited investors to trade tZERO security tokens with other accredited investors through a digital securities brokerage account with the introducing broker-dealer, Dinosaur Financial Group, LLC. Trades are executed on the alternative trading system (ATS) operated by tZERO subsidiary PRO Securities, LLC.
Overstock.com, Inc. (OSTK) announced its blockchain-meets-property rights subsidiary, Medici Land Governance has signed a Memorandum of Understanding (MOU) with the municipality of Tulum in Quintana Roo, Mexico to develop a digital land records platform. According to the terms of the MOU, Medici Land Governance (MLG) and Tulum officials will work together to collect real property ownership information for a defined area of Tulum Municipality to protect the land rights of its citizens, resulting in a mass issuance of certificates of title to land and related processes.
Why Overstock Rose 16.3% in the Last Trading SessionStock movementOn January 25, Overstock (OSTK) stock rose 16.3%. The company announced that the secondary market went live for tZERO security tokens. Overstock added that Dinosaur Financial
I remember the days when Overstock.com (NASDAQ:OSTK) forwarded a brilliant business idea. Rather than let closeout merchandise sit in physical locations, Overstock drove sales through the then-burgeoning e-commerce platform. Such a groundbreaking concept eventually catapulted the OSTK stock price to unprecedented heights before an equally dramatic pullback. Click to Enlarge Source: Shutterstock In recent years, Overstock made headlines for another business venture. Moving completely away from the retail sector, the company decided to dive headfirst into the world of blockchain. Management created a subsidiary called tZERO, a cryptocurrency exchange that ultimately seeks to become a Wall Street alternative by way of selling security tokens. Although the shift surprised many onlookers, in reality, this was a long time coming. Overstock CEO Patrick Byrne is similar to many ego-maniacs in that he can dish out criticism but cannot take it. On several occasions, Byrne has taken Wall Street to task for perceived ills. But with tZERO, we can theoretically enjoy a new era of financial transparency. InvestorPlace - Stock Market News, Stock Advice & Trading Tips On Thursday, OSTK put this theory to the test. After much anticipation, the tZERO crypto-trading platform finally launched. * 5 Best Stocks to Buy and Hold for the Long Term If we simply based tZERO's potential impact on the OSTK stock price, the platform has a bright future. Shares jumped nearly 10% off the service launch. However, that's a small drop in the bucket compared to the horrific losses that OSTK stock incurred last year. Therefore, I can understand why this latest move wouldn't swing the needle for most prospective buyers. Then again, best practices dictate buying low and selling high. Certainly, the OSTK stock price qualifies as a low-entry point. But if you're thinking about taking a dip into what my colleague Will Ashworth called a "blockchain incubator," here are three reasons to think about something else: ### TZERO Doesn't Solve Anything Like Tesla's (NASDAQ:TSLA) Elon Musk, Byrne is an ideas man. The difference is that Musk's ideas work. On the other hand, Byrne's lofty ambitions remain firmly in the theoretical, and some may argue delusional. The biggest problem that I have with OSTK stock is that it's now a genuine blockchain investment. Don't get me wrong: If you followed my work over the past two years, you know that I believe in bitcoin's future potential … But this is also where people conflate what they want to hear with what actually is. While I'm sure the tZERO exchange is a wonderful addition to the blockchain industry, it doesn't do anything unique. Security tokens have been around for some time; Cryptocurrency exchanges have been around previously … it's a rehash of what we've seen before, and there are plenty of other security token exchanges to come. Even worse, tZERO doesn't solve anything. Bear in mind that Byrne developed this platform with the end goal of changing the fundamental nature of western capitalism. But the mere existence of crypto exchanges will not contribute anything meaningful toward this endeavor. Look, companies like Coinbase have been around for several years now. Did our business and financial structures change because of their existence? Nope. Therefore, we shouldn't expect anything different with tZERO. ### History Repeats for OSTK Stock As I look at the long-term chart for OSTK stock price, I can't help but notice eery parallels. When Overstock first launched as a company, it ran on a novel idea advantaging a transformative technology. In the company's second life, it's also harnessing a new innovation. Moreover, OSTK stock jumped to record-breaking highs, first as an e-commerce company, and later as a blockchain incubator. As well, shares collapsed from those highs. Of course, in the first go-around, we have the benefit of hindsight. Overstock attempted to stay relevant with its initial emphasis on liquidated or surplus goods. Later, it moved on to auctioned items and new products. However, the advent of Amazon (NASDAQ:AMZN) and similar competitors made life difficult. In fact, Ashworth wrote that Overstock's transition to the blockchain is just a distraction from its original, unprofitable business. So even with the benefit of coming up with a fresh concept, OSTK stock failed. Now, management is doing the same thing with the blockchain. But this time, they don't have a fresh concept. They're taking an old idea, and running with it behind everybody else. This segues into my next point: ### OSTK Must Overcome the 'Meh' Effect If tZERO launched in 2009 instead of 2019, I wouldn't be writing this story. In this alternate universe, people would mention Byrne in the same vein as former Apple (NASDAQ:AAPL) CEO Steve Jobs. But I'm afraid that DeLorean stalled before it could hit 88 miles per hour. As things stand in reality, Overstock is joining the party way too late. Worse yet, they're launching at a time when no one cares about cryptocurrencies. If they had launched just two years ago, they could have at least rode crypto-mania to the top. Instead, they're entering into the doldrums. It's so bad right now that I can't even find negative articles about bitcoin. People don't care enough to say how terrible it is. Considering that their retail business isn't going anywhere, management dropped the ball. If they couldn't strike when the iron was hot, they shouldn't have bothered at all. ### Bottom Line on Overstock As you know, the cryptocurrency markets have taken a beating. However, the blockchain technology driving decentralized investing platforms remains both relevant and viable. Therefore, it won't surprise me if bitcoin and other digital assets start moving higher. If so, I can easily see the OSTK stock price rising in solidarity. But I would caution against conflating emotion-driven bullishness with fundamentally-sound optimism. Ultimately, Overstock is a poorly managed organization associated with a groundbreaking platform. * 7 Best ETFs for a Well-Balanced Portfolio This means you can probably profit from trading OSTK in certain circumstances. You can also say the same thing about bitcoin. But with the latter, you're not directly exposed to crazy people or ideas. As of this writing, Josh Enomoto is long bitcoin. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Semiconductor Stocks to Buy Now * 10 of the Best Stocks to Invest In for February * 5 Top Stocks for a FOMO Rally Compare Brokers The post 3 Reasons Why You Should Avoid Buying OSTK Stock appeared first on InvestorPlace.
tZERO, the global leader in blockchain innovation for capital markets, announced today that secondary trading of tZERO security tokens is now live. Accredited investors can now trade tZERO security tokens with other accredited investors through a digital securities brokerage account at Dinosaur Financial Group, LLC, which will act as the introducing broker-dealer.
Overstock CEO Patrick Byrne said the company was “ready to hit the button and go live” on Friday with security token trading, but is waiting another few days to process user signups before going live, according to CoinDesk. The launch of security token trading is a key step in Overstock’s pivot from e-commerce to blockchain technology. Overstock’s Medici Ventures portfolio contains at least 10 blockchain technology investments, including a tZERO blockchain-powered investment bank.
Dr. Patrick M. Byrne, CEO and founder of Overstock.com, Inc. (OSTK), shared his vision of how blockchain technology will allow for the building of a “tech stack for civilization” in a keynote speech at the recent North American Bitcoin Conference in Miami. Additionally, Byrne, who is also the executive chairman of tZERO, the global leader in blockchain innovation for capital markets, discussed the patented technological architecture of tZERO’s blockchain-based securities trading platform while commenting on the status and timing of the platform’s launch. In 2014, Overstock founded Medici Ventures, its wholly-owned subsidiary focused on applying blockchain technologies to existing industries to eliminate middlemen, democratize capital, and rehumanize commerce.
A little more hope for progress on the trade war front inspired another round of buying on Friday. Despite the three-day weekend ahead of them, the bulls were willing to plow in, driving the S&P 500 up 1.32% to the highest close in over a month. Winners were plentiful, though the biggest and best gains came from companies that didn't necessarily move the whole market. Overstock.com (NASDAQ:OSTK) was up more than 11%, mostly in response to news that its crypto-trading platform would launch next week. Square (NYSE:SQ) gained almost 5% after announcing on Thursday it would be offering debit cards to small businesses. Friday's marketwide gain too shape despite Tesla (NASDAQ:TSLA) acting as a drag. Shares of the electric vehicle manufacturer were off to the tune of 13% after the company announced it was laying people off, and after CEO Elon Musk cautioned that near-term profits wouldn't be as robust as recently suggested. InvestorPlace - Stock Market News, Stock Advice & Trading Tips None of those names are worth looking at today, due to their sheer volatility. Rather, stock charts of Intel (NASDAQ:INTC), eBay (NASDAQ:EBAY) and Fiserv (NASDAQ:FISV) merit closer looks because their tamer action has allowed trends to start taking shape. ### Intel (INTC) It was way back on Dec. 3 that Intel hinted at a break above a major horizontal ceiling. The move that day wasn't meant to last, however. Too strong to sustain and with a gap left behind in the process, that day's doji ended up being a pivot back into a downtrend. The doji in question is marked with a yellow arrow on the daily chart. * 7 Retail Stocks to Buy for the Rise of Menswear The line in the sand never stopped mattering, however … or lines in the sand, now. The recent bounce is once again testing that resistance, and while INTC shares aren't back above either, they're close to breaking back above both and kick-starting a sustained gain. Click to Enlarge • One of the lines in question is around $49.40, plotted with a blue dashed line on both stock charts. With the exception of the singularity on Dec. 3, Intel hasn't been able to trade above that level. • Also coming back into play now is the white 200-day moving average line, currently at $49.44. Traders are afraid to push their luck there now, and it only took a kiss of that line on October to send Intel into a dive. • Friday's high-volume move is telling. Most stocks only saw tepid pre-weekend buying interest on Friday. ### eBay (EBAY) Very early this year we noted eBay shares were coming out of a funk and looking to move into a new uptrend. The clues were only tentative at the time, but still worth watching. Much has changed in the meantime. Namely, the big technical ceiling that were still a factor then have since been left in the rearview mirror, and another resistance level that looked like it could have been a problem has also been hurdled. A good start to this week's action could seal the deal on what could be a huge rebound effort. Click to Enlarge • The previous problem area was a combination of the blue 20-day and purple 50-day moving average lines. Those ceilings were cleared back on the 3rd, and though the gray 100-day moving average line caused a stall last week, the bulls punched through on Friday. • This is all part of a much bigger breakout effort illustrated on the weekly chart. The line that had guided EBAY lower over the course of the latter half of 2018 stopped doing so three weeks ago. • The bears are likely to push back from here. Keep in mind breakout thrusts are often born out of a process rather than a single-day event. ### Fiserv (FISV) It was only last Thursday we suggested Fiserv was a buying opportunity, despite the previous day's drastic loss on the heels of news that it was aiming to acquire First Data (NYSE:FDC). Too many hints suggested the sellers overshot their target, ceding all control back to the buyers. Things panned out exactly as suspected. FISV followed through on Wednesday's pivot on Thursday, and the buyers dug in again on Friday. But, that pendulum may have swung back as far as it was going to. From here, the buyers are apt to take at least a short break. Click to Enlarge• Though an impressive move, Friday's advance was suspiciously stopped exactly where one would expect -- at the 100-day moving average line, plotted in gray. The bears drew a line in the sand there, and will likely stick with it this week. • Underscoring the idea that Fiserv will need to pull back first before continuing to move higher again is the distinct lack of buying volume seen since then. • The most plausible outcome from here is a dip back between the moving average lines around $78 and $73, a regrouping, and a renewed rally effort that takes shape at a more sustainable pace. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post 3 Big Stock Charts for Tuesday: Intel, eBay and Fiserv appeared first on InvestorPlace.
In 1999 Patrick Byrne was appointed CEO of Overstock.com, Inc. (NASDAQ:OSTK). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Read More...
Buffett and Munger Called the Pop of the Bitcoin Bubble ## Bitcoin Cryptocurrencies have been one of the most talked-about subjects among investors in the last couple of years. Until the end of 2017, all looked well with the world’s largest cryptocurrency, bitcoin, as it surged nearly 1,340% that year. It was the third consecutive year that bitcoin yielded a solid positive return, which caught the attention of even those investors who previously used to call it worthless. Last year, billionaire investors Warren Buffett and Charlie Munger warned about the cryptocurrencies (GBTC) bubble, which seems to have been bursting lately. Let’s take a closer look. ## Buffett and Munger on bitcoin bubble During a CNBC interview about a year ago, Berkshire Hathaway chair and CEO Buffett said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending, when it happens or how or anything else, I don’t know.” He showed his confidence in his opinion by adding, “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s worth.” Later in May 2018, Buffett’s long-time friend and Berkshire’s vice chair, Charlie Munger, went a step further. Munger called bitcoin “worthless, artificial gold.” He added, “that is not something I think the world needs.” ## And they were right After yielding solid returns in 2017, bitcoin tanked over 73% in 2018. On Tuesday, it was trading below $4,000 with nearly 10% losses for the session. In the last few years, many chipmakers (SPY) like Advanced Micro Devices (AMD), NVIDIA (NVDA), and Intel (INTC) have invested in chips used for cryptocurrency mining. In the fourth quarter of 2018, AMD, NVDA, and INTC lost 40.2%, 52.5%, and 0.8%, respectively. During the same period, other US stocks such as Microsoft (MSFT), Overstock (OSTK), PayPal (PYPL), Square (SQ), Visa (V), Apple (AAPL), and Goldman Sachs (GS) also fell 11.2%, 51.0%, 4.3%, 43.3%, 12.1%, 30.1%, and 25.5%, respectively.
Can Etsy’s Good Run Continue in 2019? ## Goldman Sachs raises Etsy to “buy.” On January 4, Etsy (ETSY) stock surged ~8.0% and closed trading at $49.70 as Goldman Sachs revised its rating on the stock to “buy” from “neutral.” Also on January 4, overall markets were on the rise—mainly due to robust US jobs data for December. Both the S&P 500 and Dow Jones were up 3.4% and 3.3%, respectively, on January 4. Etsy stock has had a remarkable 2018 with the stock surging as much as 132.6% in 2018. In January so far, the stock has risen 4.5%. The strong financial performance and its formidable position in the online handicrafts market are driving its stock price. Etsy’s top-line growth is being driven by strategic measures (including cost cuts and a focus on the mobile platform) and its recent increases in seller fees. These strategic efforts are pushing the company in the right direction, causing analysts to be bullish on Etsy. About 67.0% of the 12 analysts covering Etsy stock have given it “buy” ratings as of January 4. The remaining 33% have given it “hold” ratings. Etsy’s mean target price is $56.83, which indicates a potential 14.4% upside, given its price on January 4. ## What’s Wall Street saying about Etsy’s peers? In comparison, for Overstock (OSTK), all three analysts covering the stock have provided “buy” recommendations. Overstock’s mean target price is $66.50, which indicates a potential 366.3% upside to its stock price on January 4. For Wayfair (W) 38.0% of the 24 analysts covering the stock have given it “buy” recommendations. Another 58.0% of analysts have given it “hold” ratings. Wayfair’s mean target price is $117.20, which indicates a potential 30.1% upside. Among Etsy’s larger peers, for Amazon (AMZN), 94.0% of the 47 analysts covering the stock gave it a “buy” rating. Just 4.0% of analysts have given it “hold” ratings. Amazon’s mean target price is $2,130.20, which indicates a potential 35.2% potential upside. Continue to Next Part Browse this series on Market Realist: * Part 2 - Will Etsy’s Strategic Efforts Keep Driving Its Top Line in 2019? * Part 3 - Comparing Etsy’s PE with Its Peers’
Online retailer Overstock.com (NASDAQ:OSTK) announced that it will pay a portion of its Ohio state business taxes in Bitcoin (BTC-USD), starting from this year. By paying taxes in Bitcoin, Overstock will be become the first major U.S. company to use Bitcoin for tax payment purpoases. Overstock Bitcoin Tax Payment The retailer will pay its commercial […] The post Overstock.com to Become First Major Firm to Pay Taxes in Bitcoin appeared first on Market Exclusive.
Here is what happened in the cryptocurrency market over the weekend. SEE: ACCIONA Uses Blockchain to Trace Renewable Electricity Generation SEE: Canadian Crypto Exchange Coinsquare Launches into European Union In the News IBM (NYSE: IBM) CEO Ginni Rometty will deliver the opening keynote address at CES 2019 on Tuesday, Jan. 8 on what is next […] The post Bitcoin News Crypto Currency Weekend Roundup January 6 appeared first on Market Exclusive.
Leading online retailer and blockchain technology pioneer Overstock.com, Inc. (OSTK) announced today that it will become the first major U.S. company to pay a portion of its Ohio state business taxes in bitcoin using the state’s new cryptocurrency taxpayer platform, OhioCrypto.com. Overstock plans to pay its commercial activity taxes (CAT) in Ohio this February using the recently-launched OhioCrypto.com platform, which allows taxpayers to pay state business taxes with bitcoin. Ohio is the first U.S. state to offer a cryptocurrency payment system for state business taxes.
Ryan McQueeney and Maddy Johnson discuss the week's wild movements in the stock market and look back upon the retail industry's top stories of 2018.
In the trailing 11 quarters, Wayfair (W) has missed EPS estimates seven times and beaten estimates in the remaining quarters.
Over the trailing 11 quarters, Wayfair (W) has beaten top-line estimates ten times, missing estimates just once. Wayfair beat analysts’ projections for all three quarters of 2018. On a year-over-year basis, revenue rose 46.2%, 47.4%, and 42.4%, respectively, in the first three quarters of 2018.
Overstock.com (NASDAQ:OSTK) blockchain subsidiary Medici Land Governance has agreed to build a blockchain-based land records and information platform for a Wyoming country. Medici Land, which focuses on land administration, has signed a memorandum of understanding with Teton County to develop the blockchain-based platform in 2019. Blockchain-Powered Property and Land Information Platform Under the terms of […] The post This Wyoming County Is Creating Blockchain-Based Land Records Platform appeared first on Market Exclusive.