19.87 -0.34 (-1.68%)
After hours: 7:58PM EST
|Bid||19.85 x 2200|
|Ask||20.00 x 1300|
|Day's Range||19.27 - 20.71|
|52 Week Range||17.39 - 36.83|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.00|
Pinterest is bringing on a new board member. The company announced today it has appointed Gokul Rajaram, Caviar lead at soon-to-go-public DoorDash, to its board of directors and as a member of its Nominating and Corporate Governance Committee. The addition signals Pinterest's desire to bring more digital advertising expertise to its board, given Rajaram's experience as product director of Ads at Facebook and product management director at Google AdSense.
Pinterest, Inc. (NYSE: PINS) today announced that it has appointed Gokul Rajaram, Caviar Lead at DoorDash, to its Board of Directors and as a member of its Nominating and Corporate Governance Committee effective today.
Even the biggest of market bulls are apparently not collectively immune to catching a bearish bug. But if you think that hints of a pandemic situation for investors, think again. It's a better time to look past the headlines, and focus on these three market-busting contrarian stocks ripe for a comeback on Wall Street.Let me explain.Following the President's Day closure for U.S. financial markets, it was the world's largest publicly-traded company's turn to rain on Wall Street's bullishly-defying parade of ever higher prices. Shares of tech giant Apple (NASDAQ:AAPL) weighed on sentiment and prices Tuesday following a current quarter sales warning tied to the coronavirus.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor its part and despite rallying well off its intraday lows, AAPL still finished down 1.83% -- while the large-cap, broad-based S&P 500 dipped by a modestly sympathetic 0.06%. Could this be the last straw for Wall Street's bull market? Possibly.Moreover, in a market made up of stocks, three badly beaten-down contrarian stocks are ready to enjoy absolute returns; Even if other stocks investors are universally sweet on begin to sour. * 7 'Strong Buy' Stocks With Over 50% Upside Potential So, let's dive in. Contrarian Stocks to Buy: Pinterest (PINS) Click to Enlarge Source: Charts by TradingView Visual-discovery and sharing platform Pinterest (NYSE:PINS) is the first of our contrarian stocks to buy. Since coming public last spring, shares have put together a volatile price chart for bulls and bears. In the end though, the wild price action favored the latter camp in 2019.Last year, shares finished off are 50% below their highs. Furthermore, PINS stock ended 2019 roughly 20% beneath Pinterest's opening secondary market print and nearly 2% in the red versus the stock's initial public offering price of $19.It was ugly to say the least for those that stayed the course. The good news, though, is that there's growing evidence a meaningful low is close at hand for this contrarian stock.After bottoming in December, Pinterest has rallied strongly -- and the contrarian stock now looks close to establishing an uptrend. Moreover, the most recent pivot high was formed on a bullish earnings beat, which delivered solid sales growth. Now, a multi-day pullback has filled in the price gap as shares test a support zone backed by Fibonacci and last April's opening day low.Pinterest Stock Strategy: Buy PINS stock inside the support zone, which stretches from approximately $21 to $23. On a daily chart indication, a confirmed fresh pivot low is in place. I'd recommend using a stop-loss marginally beneath the support area at $20.70, if required. Likewise, taking partial profits on a test of zone resistance and recent high near $27 makes sense off and on the Pinterest price chart. Gilead (GILD) Click to Enlarge Source: Charts by TradingView Gilead Sciences (NASDAQ:GILD) is the next of our contrarian stocks to buy. The large-cap biotech has been out of favor for a few years, with price weakness tied to past drug pricing failures and seeing its once-dominant hepatitis C market share decline.However, the upside of Wall Street's bearishness is that Gilead shares are now dirt cheap relative to its S&P 500 peers and sport an attractive 4% dividend.Furthermore, the price chart is also in agreement that now is the time to take the other side of today's investor pessimism. Since forming a Fibonacci-supported double-bottom pivot in December 2018, Gilead shares have established a symmetrical triangle built over 14 months. This month's announced sales beat for the company resulted in the contrarian stock breaking above pattern resistance before settling back into a test of the triangle for support.Overall, the price action appears bullish while skewing the risk profile heavily in favor of buying shares today. * 4 Stocks to Buy No Matter Who Wins the 2020 Election Gilead Stock Strategy: I'd suggest buying this contrarian stock right now and setting a stop at $63.70. The exit contains risk to about 5% and only closes the position if Gilead's February low and the pattern's apex line fail. On the upside, $78 to $83.50 looks about right for profit-taking as shares challenge Fibonacci resistance and GILD's 2018 high. Stratasys (SSYS) Click to Enlarge Source: Charts by TradingView Stratasys (NASDAQ:SSYS) is the next of our contrarian stock buys. Along with peer 3D Systems (NYSE:DDD), SSYS was one of the market's most dearly loved growth names in 2013. This recognition came due to the company's printing technologies receiving the stamp of approval from Wall Street's sell side.Unsurprisingly, the adulation didn't end well. Shares of Stratasys are down 85% from a January 2014 high of $138.10. More important, this contrarian stock is now in position to be purchased.Technically, shares of Stratasys have traded down the past several months into a test of a long-standing channel support line. With an oversold stochastics crossover confirming a low in-the-making, SSYS is in position to print money for bullish investors.Stratasys Stock Strategy: For naked purchases, I'd suggest buying this contrarian stock after next Wednesday's earnings release if investors would like a bit more price confirmation. Alternatively, and given Stratasys stock's history of volatile earnings moves, using a married put or long call strategy which offer defined risk and unlimited upside potential looks about right in today's market.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 'Strong Buy' Stocks With Over 50% Upside Potential * 5 Emerging Markets ETFs to Consider as 2020 Rebound Plays * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post 3 Contrarian Stocks to Buy Now for Absolute Returns appeared first on InvestorPlace.
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
Shares of Pinterest Inc. slipped 0.8% in morning trading, paring overnight losses of as much as 5.4%, after Wedbush analyst Ygal Arounian tried to assuage investors fears by saying Facebook Inc.'s upcoming "copycat" app was "not quite that, and not a major concern." The social media company's stock sold off in after-hours trading Thursday, amid multiple reports about Facebook's experimental app called "Hobbi," which Facebook calls a "the one stop app for your personal projects." Arounian said the after-hours selloff was an "overreaction," as the app seems to be more of an "interest app" centered around taking pictures and saving them to specific categories, while Pinterest is a "significantly more complex product" that aims to drive discovery and inspiration from billions of pictures. "We don't see [Hobbi] as a meaningful risk to Pinterest, and certainly see no risk to our 2020 estimates," Arounian wrote in a note to clients. Pinterest's stock has run up 19% over the past three months, while Facebook shares have advanced 11% and the S&P 500 has gained 9.1%.
Pinterest was falling Friday following a report that said Facebook had released a competing app. The Information reported that an experimental group within Facebook quietly released a an app - called Hobbi - for saving and sharing photos of activities like cooking and home improvement projects. "Organize your photos into visual collections and see the progress you're making over time," the description added.
Facebook's "New Product Experimentation" team developed the app called "Hobbi," which lets users organize their photos into "visual collections," according to its description on the App Store, The Information reported Thursday. The NPE team was instituted by Facebook in July last year, with the goal of developing useful consumer-facing applications. Facebook had said that the team would be working on a lot of projects, and discard the ones consumers don't find useful.
Here's a look at the eight Bay Area venture-backed companies that are valued at $10 billion or more — and how some of them have fared after going public.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bearish calls included media and electric vehicle leaders. As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors.
UBER and PINS make me feel that they have pivoted from unicorn status and are now about showing Wall Street that they can make a lot of money if they want to.
Pinterest Inc (NYSE: PINS ) beat almost all Street estimates in its fourth-quarter earnings report . While monthly active users (MAU) trended in line with forecasts, total revenue grew 46%, conversion ...
Pinterest (NYSE:PINS) surged past its $19 IPO price, and is climbing nearly 40% in 2020, after earnings handily beat estimates.Source: Nopparat Khokthong / Shutterstock.com The internet advertising site, which uses small boxes called "pins" to lead users based on their interests, lost $36 million, 6 cents per share. But revenue for the quarter was $400 million, $1.1 billion for the full year. The company said it had earnings before interest, taxes, depreciation and amortization (EBITDA) of $77 million.It was the revenue number, 46% ahead of a year ago, that really set tongues wagging. Pinterest zoomed in the after-hours market by 19%. The shares opened Feb. 7 at $26.99. That's a market capitalization of $15.3 billion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Next Facebook?Analysts seem to have turned on a dime, from thinking of Pinterest as the next Uber (NYSE:UBER) to seeing it as the next Facebook (NASDAQ:FB). The company recently passed Snap's (NYSE:SNAP) Snapchat to become the third-leading social platform, based on monthly users.Management seemed to share the new enthusiasm, predicting the company can top 2020 revenue estimates of $1.47 billion. * 7 Utility Stocks to Buy That Offer Juicy Dividends Pinterest began life in 2010 as an idea center where do-it-yourselfers could "pin" ideas to a virtual whiteboard. What it delivers, especially for women, is the "serendipity" they might have gotten in the past browsing a mall or a magazine.CEO Ben Silbermann, who co-founded the site in his 20s, is acutely aware of social media's credibility issue. When Pinterest found people were looking for vaccine information on the site, he sought verified sources like the Centers for Disease Control and Prevention and gave them exclusive rights to post about it. Pinterest also created a "compassionate search" function, using clinical psychologists, to make sure those seeking help with depression got real help rather than nonsense.It's doing the same thing with the 2020 elections, rolling out a "civic participation policy" aimed at preventing the spread of "false or misleading" information. Silbermann calls Pinterest "an inspiration platform" rather than a social network. Bad Days Behind It?Pinterest came public last April and its first trade was at $23.75, up 25% from the IPO price of $19. But a negative third-quarter report caused investors to sour on it, and in November it traded at $18.71.Like many other recent tech unicorns, Pinterest has a dual-share structure, giving Silbermann and co-founder Evan Sharp control. Silbermann says it's so they can run the company "for the long term." But the structure has come under criticism thanks to CEOs like Uber's Travis Kalanick and WeWork's Adam Neumann.Pinterest's newest features are all built around shopping. Its new Try On Lens lets women see what lipstick would look like on them, using augmented reality. The tool is being rolled out with major lipstick brands. The Bottom Line on Pinterest StockMost analysts, and many investors, were sleeping on Pinterest, after it lost $125 million in the third quarter on revenue of $280 million.But InvestorPlace's Chris Tyler was not among them. He wrote in late January that the stock was "an ironclad buying opportunity." He explained how the coronavirus was driving people into their homes, but how online shopping can bridge the gap.Josh Enomoto also saw the pros of buying Pinterest, citing its popularity among young women. He called it a speculative bet.The stock still trades well below its highs over $36, meaning it has room to run. On the other hand, the current price is 11 times revenue, and earnings have yet to appear.My view is that if you like and understand the site, this may be the speculation you're looking for.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post Pinterest Users Should Consider a Bet on the Social Media Stock appeared first on InvestorPlace.
If Friday’s episode of PreMarket Prep is any indication, opinions are extremely divided on how the coronavirus could affect U.S. markets. Co-host Dennis Dick bemoaned the steady upward move in U.S. stocks, and said he’s still approaching this market with caution until the coronavirus gets under control. Co-host Joel Elconin is not as bearish, and is sticking to watching key technical levels.
The major stock indexes were broadly lower early Friday despite a strong jobs report. IPO stocks Pinterest and Uber soared on earnings.
After hours: Uber rose into a buy zone on its results. So did archrival Lyft. Pinterest, Bill.com and eBay also moved on news.
Pinterest reported quarterly results Thursday that topped estimates, with the stock rising in after-hours trading. It reported adjusted earnings of 12 cents on revenue of $400 million.
Pinterest (NYSE: PINS) shares are trading higher after the company reported better-than-expected fourth-quarter EPS and sales results. The company reported quarterly earnings of 12 cents per share, which beat the analyst consensus estimate of 8 cents. Pinterest reported quarterly sales of $400 million, which beat the analyst consensus estimate of $371.53 million by 7.66%.
DoorDash, a Softbank backed delivery service, has officially filed for IPO status with the U.S. Securities and Exchange Commission. Renaissance Capital Kathleen Smith joins the On The Move panel to discuss what DoorDash’s IPO could mean for its competitors in the food delivery services.