|Bid||16.00 x 2200|
|Ask||16.13 x 1800|
|Day's Range||15.44 - 16.92|
|52 Week Range||12.58 - 30.05|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
“Girls Who Run the World: 31 CEOs Who Mean Business” is a new book that highlights the success stories and struggles of 31 of today's top female CEOs; From 23 and Me to Stitch Fix to NextDoor. Diana Kapp is the author and she joined The Final Round to discuss.
RealReal Inc (NASDAQ: REAL ) is scheduled to report fourth-quarter results after the closing bell on Feb 25. Street estimates for the quarter appear conservative, given the company’s continued revenue ...
The retail industry has had to adapt to a new paradigm since the turn of the century. The rise of e-commerce has changed the way consumers shop, with brick-and-mortar stores finding it difficult to compete with the ease of online shopping. For these names, it comes down to the reigning mantra of adapt or die.Investment firm Needham recently surveyed its shopping basket of retail stocks under coverage in order to reassess how they look going into the year ahead. “We favor companies with strong secular tailwinds, those with discounted valuations that can benefit from self-help, and premium brands with pricing power,” said analyst Rick Patel.Taking these factors into consideration, we did some research of our own. Using TipRanks’ handy Stock Comparison tool, we were able to get a clearer picture of how the year will pan out for 2 of the investment bank’s choices. It turns out that on top of the Needham recommendation, both currently boast a “Strong Buy” consensus rating from the Street. Let’s take a closer look. Nike Inc. (NKE)Nike, obviously, needs no introduction. The global swish machine has a market cap of $150 billion and is the biggest athletics company in the world. Not to mention it had a strong run in 2019, ending the year with an additional 38% attached to its share price. According to Patel, the positive momentum is set to continue through 2020, too.One of the key drivers for Nike this year is this summer’s Tokyo Olympics. Nike’s superior product and marketing has come to the fore during global sporting events, and the world’s biggest one will present an opportunity to gain market share. The company has hinted that several products in the pipeline could be launched around the time of the event, which in turn, could be a potential catalyst for sales.Further momentum from China (sales grew nearly 20% in F2Q20), heightened focus on the women’s segment and expected MSD percentage growth in North America are noted as additional drivers in the year ahead. Where the company is really expected to shine, though, is in its Direct business. The direct-to-customer segment has been a success so far, with the Nike and Sneakers app driving 38% digital growth in the previous quarter. Management has stressed the Direct segment could one day represent the majority of Nike’s business.Patel said, “We anticipate Nike will continue its positive momentum through FY20 as the core business remains strong and opportunities remain compelling across Direct, international and women’s. We see company’s structural shift towards Direct as its strongest growth driver given this channel represents an estimated 20%-plus sales vs Nike’s intermediate target of 30%.”Accordingly, Patel maintained his Buy recommendation on Nike along with the $105 price target. Investors can expect a 9% hike to the Nike share price, should the target be met over the next 12 months. (To watch Patel’s track record, click here)What does the rest of the Street have to say, then? Of the 23 analysts tracked over the last three months, 19 say Buy, while 4 suggest a Hold. Therefore, Nike earns a Strong Buy consensus rating. At $112.50, the average price target implies upside potential of 17%. (See Nike stock analysis on TipRanks) RealReal Inc. (REAL)If Nike represents the old guard trying to keep up with the new kids on the block, then the RealReal’s modus operandi is a very modern proposition. The company’s online luxury consignment marketplace sells second-hand luxury goods – anything from clothes and shoes to jewelry, toys and watches, with all products receiving an authentication stamp from industry experts.One of the trends becoming increasingly important to millennial and Gen Z consumers is that of sustainability and reduction of waste. RealReal noted in its 2019 Luxury Resale Report that sustainability was a major factor for 82% of the brand’s customers and a further reason for shopping with them. According to a report by Global Fashion Agenda and The Boston Consulting Group, the fashion industry’s production of waste will reach 148 million tons by 2030. RealReal’s emphasis on resale, then, positions it well in what is an emerging sector.The resale industry is still in its nascent stages and expected to grow substantially over the coming years. More than 35% CAGR (compound annual growth) through 2023 is estimated for the apparel resale category, according to a Global Data & thredUP survey. Patel believes this is a major factor that supports REAL’s growth story.The analyst said, “The RealReal is our top pick for 2020 as we anticipate a year of strong GMS and sales growth, in addition to significant progress on margin improvement. By connecting luxury consignors with buyers, we view REAL is particularly well positioned to benefit from growth in the emerging resale industry, in addition to ongoing growth in digital commerce and luxury.”Taking all of this into consideration, Patel kept his Buy rating and $23 price target as is. This means that shares could climb 59% higher in the next 12 months.The rest of the Street thinks REAL is for real, too. 5 Buy calls coalesce into a unanimous Strong Buy consensus rating. With an average price target of $25.40, the analysts see a 76% increase to the share price in the year ahead. (See RealReal stock analysis on TipRanks)
As the traditional retail and restaurant industries continue to face upheaval, here's what to be on the lookout for in 2020.
Retailers will need to change how they do business in 2020 as they face more technological innovation, new shopping habits, and a demographic shift to younger consumers.
Among Wells Fargo’s top picks for 2020 are L Brands Inc., the parent company to Victoria’s Secret, which is struggling through a turnaround, and RealReal Inc., the luxury secondhand retailer that’s emerging from a controversy about the authenticity of its goods. As Victoria’s Secret struggled to regain favor in the past year, L Brands (LB) stock has tumbled nearly 34%. The company has taken steps to refocus on the lingerie brand, like shuttering Henri Bendel.
One third of this year's Bay Area companies that went public in the past 12 months entered trading on the day after Christmas below their original offering prices.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]
2019 has been an excellent year for U.S. stocks to buy. The S&P 500 has risen 27.3% so far this year. It and other broader market indices trade at all-time highs.Unsurprisingly, most stocks have performed well this year. Just 14% of S&P 500 components have declined year-to-date. 27 of the 30 members of the Dow Jones Industrial Average have gained.Not every name has joined in the rally, however. There are some sectors that have lagged. It's been an ugly year for energy stocks, and even worse for cannabis plays. Many of 2019's initial public offerings have disappointed. And other stocks, whether due to external factors or poor execution, have stumbled in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Vaping Stocks to Get into Ahead of the Crowd Many of 2019's losers likely will continue to struggle in 2020 and beyond. After all, this has been a market where investors have done better to pick the winners, and bet on growth, rather than hope for a recovery. But there are stocks that simply had a bad year -- and look set for a potential recovery as the calendar turns. These 10 stocks all have declined so far in 2019, but have hopes for a brighter 2020. Pfizer (PFE)Source: photobyphm / Shutterstock.com YTD Performance: -10%The case for Pfizer (NYSE:PFE) is relatively simple. Investors can own one of the world's largest pharmaceutical companies at 13.5x estimated 2020 earnings. And in a low interest rate environment where the 10-year Treasury bond yields less than 2%, those investors can realize a 3.9% dividend yield following a recently announced 5.6% hike.The case against PFE stock is almost as simple: that bull case simply hasn't played out all that well in recent years. PFE shares have gained just 23% over the past five years, underperforming the S&P 500's 55% rise.Meanwhile, the pharmaceutical business may not be the safe haven investors once believed it was. Rival Merck (NYSE:MRK) should grow its near-term earnings at a faster clip, and it has been the much better stock in recent years. In a market where the winners keep running and the losers seemingly fall behind, MRK might be the better choice.From here, however, Pfizer stock looks like an attractive pick, particularly for investors looking for income and some downside protection. Pfizer's valuation is about as reasonable as it gets. It has underperformed the market -- but that's not necessarily a surprise given broad market gains. The case for PFE isn't necessarily that it's suddenly going to soar. It's that it should deliver solid returns in a strong market and hold up well if this ten-year-old bull market shows any signs of stress. Walgreens Boots Alliance (WBA)Source: Shutterstock YTD Performance: -14%Pfizer and Walgreens Boots Alliance (NASDAQ:WBA) are two of the Dow Jones' three losers this year (3M (NYSE:MMM) is the other). The bull cases for both stocks are somewhat similar. Investors can own a quality business at an attractive multiple: WBA trades at less than 10x FY21 earnings per share estimates.The risks are similar as well. While Pfizer stock has underperformed, Walgreens stock actually has declined: shares are down nearly 40% from 2015 highs. The declines have resumed in recent session as takeover speculation has cooled.All that said, there's an interesting case here. Other pharmacy names actually have rallied of late, with CVS Health (NYSE:CVS) and even Rite Aid (NYSE:RAD) showing signs of life. Margin compression should ease at some point, assuming reimbursement pressures moderate and generic drug development picks up again. And Walgreens probably has some levers to pull in terms of either rationalizing its store fleet or cutting costs. * The 8 Biggest Investing Surprises of 2019 Buying the dip in WBA admittedly hasn't been a great strategy for most of 2019 and for most of the last four years. The bet here is that 2020 will be different, but investors should keep in mind the possibility that it won't be. DuPont (DD) and International Flavors & Fragrances (IFF)Source: Shutterstock YTD Performance: -16% (DD), -9% (IFF)The split of DowDuPont into DuPont (NYSE:DD), Dow (NYSE:DOW) and Corteva (NYSE:CTVA) hasn't worked out quite as well as investors hoped. Investors who owned DowDuPont at the start of the year are actually down a bit on their investment so far: DOW shares have rallied 9%, but CTVA is down 4% and DD has declined 16%.But DD stock got some good news this week when it agreed to combine its nutrition unit with International Flavors & Fragrances (NYSE:IFF). DuPont will get a cash payment of $7.3 billion, and its shareholders will own a bit over half of the new company.The hope for DD stock is that this deal finally allows the proverbial dust to settle. At 15x forward earnings, DuPont stock is reasonably valued. Support has held repeatedly around current levels. The IFF deal looks like a winner, and in 2020 the perceived benefits of the Dow-DuPont merger/breakup plan should start to play out.IFF has a bull case as well. Shares fell 10.4% on the merger announcement but have crawled back as some investors see value. The combined company will be a giant in its industry. Synergies should help profits going forward. M&A always is risky, so IFF is the more aggressive play. But if the deal works out, shares could have enormous upside. Spirit Airlines (SAVE)Source: Markus Mainka / Shutterstock.com YTD Performance: -29%I expect airline stocks like Spirit Airlines (NYSE:SAVE) to do well in 2020. I chose the U.S. Global Jets ETF (NYSEARCA:JETS) as my pick for the Best ETF of 2020. The economy is solid, competition is rational, and demographics favor the industry, as younger customers prefer experiences like travel to material possessions.In that context, there are bull cases for all the major U.S. airlines. But the pick here is SAVE stock, in part because it was far and away the sector's worst performer in 2019, losing almost 30% of its value YTD.Operating performance admittedly has been a bit soft of late, and needs to improve. But Spirit has room for route expansion, a large order of new planes from Airbus (OTCMKTS:EADSY), and room to lower costs and boost revenue per available seat mile. * 7 Biotech Stocks to Buy and Hold in 2020 The risks here likely are higher relative to established carriers like Southwest Airlines (NYSE:LUV), which seemingly always is a good pick, or Delta Air Lines (NYSE:DAL). But the rewards are higher, too -- and if the sector is set to rally, it makes sense to choose the name with the most potential upside. SAVE looks like that name. Chewy (CHWY)Source: designs by Jack / Shutterstock.com Performance Since First-Day Close: -16%As noted, this year's batch of IPOs hasn't performed particularly well, and Chewy (NYSE:CHWY) is not an exception. Unlike the highest-profile new issues, Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT), CHWY stock does trade above its IPO price of $22. But shares still are down 16% from their first-day closing price, and 22.5% from their opening price of $36.The declines don't seem surprising given a cursory glance at the stock. Chewy will remain unprofitable this year even on an Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) basis. Competition is intense, with giants like Walmart (NYSE:WMT) and Amazon (NASDAQ:AMZN) obvious rivals in e-commerce. Even PetSmart, which acquired Chewy for $3.4 billion back in 2017, now is building out its own direct-to-consumer business.But there's an attractive long-term case here, which is why I bought shares this summer. Chewy has an incredibly loyal customer base. Over 70% of its revenue coming from autoship products, and once customers are acquired, their spend increases in a bizarrely consistent fashion.The launch of the pharmacy business should help growth and revenue going forward. Market share remains relatively small, and marketing expense will fade as the customer base grows and the company's mindshare increases. That combination will drive nicely higher margins and free cash flow.Investors already are coming around to the story, as CHWY stock has rallied over the last few weeks. I expect that rally will continue in 2020. Fastly (FSLY)Source: Blackboard / Shutterstock Performance Since First-Day Close: -20%Fastly (NYSE:FSLY) is another of 2019's "busted IPOs." Like CHWY, shares are above the IPO price (in Fastly's case, $16). But shares have fallen 20% from the first-day close. An investor who bought the stock at the open on its first day of trading still would be sitting on a 12% loss.But here, too, there's an intriguing case looking to 2020. Fastly's "edge cloud" platform should benefit from the explosion of streaming services from Disney (NYSE:DIS), AT&T (NYSE:T), and Comcast (NASDAQ:CMCSA). Increased video content of all kinds should increase demand for Fastly's low-latency options, and potentially allow it to take market share from the likes of Akamai Technologies (NASDAQ:AKAM) and Limelight Networks (NASDAQ:LLNW). * 10 Best Stocks for 2020 There are risks. FSLY stock trades at 7x next year's revenue. Profitability is years off. Competition will be intense, and pricing in the industry generally declines over time, a risk to long-term margins. Still, this is an IPO that investors, and analysts, eagerly anticipated. It seems at least possible that optimism will return at some point in 2020. TheRealReal (REAL)Source: Shutterstock Performance Since First-Day Close: -37%It bears repeating: 2019 has been a minefield for IPOs. TheRealReal (NASDAQ:REAL) actually has slipped below its $20 IPO price. The secondhand retailer of luxury goods posted a weak second quarter report in August and shares haven't quite recovered since.But REAL stock has managed to grind higher from that month's lows, and there's a case for more upside ahead. Valuation has come in, even if REAL stock isn't cheap (or yet profitable). The addressable market is enormous: potentially as much as $200 billion, according to the company's prospectus. That suggests currently impressive growth has a long runway ahead. I wrote in July that the stock looked intriguing, if not quite compelling; at a cheaper price, that case does look more attractive.It's certainly possible that valuation will come in further. Competition is an issue, as TheRealReal is battling the likes of Farftech (NYSE:FTCH) and still-private Poshmark. Margins are a worry, given a labor-intensive model relative to the likes of other platform plays like Etsy (NASDAQ:ETSY). Still, as one of many 2019 IPOs selling below its initial price, REAL is worth a look, particularly for growth investors. Aphria (APHA)Source: Shutterstock YTD Performance: -14%To be sure, I'm not quite ready to call the bottom for cannabis stocks like Aphria (NYSE:APHA). The sector has stabilized in recent weeks, but "falling knife" concerns remain. Investors will watch early results from "Cannabis 2.0" products closely, and if there's any disappointment at all, the intense selling in pot stocks could resume.But for investors who believe the bottom is in, I still believe APHA stock is the play, as I wrote this month. The company has reached Adjusted EBITDA profitability. It has a narrower focus than the likes of Canopy Growth (NYSE:CGC), and lacks the balance sheet concerns of Aurora Cannabis (NYSE:ACB) or Hexo (NYSE:HEXO). The company's management issues appear to be in the rearview mirror, and international markets can and should drive growth at some point. * 7 Energy Stocks That Are Still Worth Buying In 2020 Again, it may be too early for APHA stock, and sector weakness has kept the stock flat in recent months despite strong results in the last two quarters. But at the very least, I expect Aphria stock to outperform its cannabis peers -- and potentially be a nice winner if the sector truly is in the process of stabilizing. PlayAGS (AGS)Source: Maridav/Shutterstock, Inc. YTD Performance: -48%From a trading standpoint, slot machine manufacturer PlayAGS (NYSE:AGS) really only had one bad day in 2019. The problem is that it was an absolutely terrible day: AGS stock fell 52% in a single session after second quarter earnings in August. That's one of the worst one-day declines of any stock this year.AGS stock actually has managed to claw back some of the losses, rising 46% from that day's close. And I'd expect that rally to continue in 2020. Even after the rally of the last few months, AGS stock still looks cheap relative to peers like Everi Holdings (NASDAQ:EVRI). The expansion out of tribal-focused Class II games into Class III offerings for commercial customers should drive growth. Free cash flow remains nicely positive, even with a disappointing performance this year, and the balance sheet is manageable.Execution does need to improve, and management's response to the disastrous second quarter result seemed a bit tone-deaf. Still, that sell-off does look like an overreaction, and with some help from the economy and the gaming industry in 2020, AGS should be able to regain more of what was lost in August.As of this writing, Vince Martin is long shares of Chewy. He has no positions in any other securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post 10 2019 Losers That Will Be 2020 Winners appeared first on InvestorPlace.
Several digital native fashion retailers are worth taking a look at, according to DA Davidson. Analyst John Morris initiated coverage of several fashion retailers Tuesday, including Revolve Group LLC (NYSE: RVLV) with a Neutral rating and $19 price target. “Yet inventories have risen significantly faster than sales, most recently rising 31% in 3Q, ahead of 21% sales growth,” the analyst said.
Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of The RealReal, Inc. (NASDAQ: REAL) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with RealReal's June 2019 initial public stock offering (the "IPO" or the "Offering"). The lawsuit seeks to recover damages for RealReal investors under the federal securities laws.
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against The RealReal, Inc. ("RealReal" or the "Company") (NASDAQ: REAL) and certain of its officers, on behalf of shareholders who purchased RealReal securities pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's June 2019 initial public offering ("IPO" or the "Offering"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/real.
Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces the filing of a securities class action on behalf of shareholders that purchased or acquired shares of The RealReal, Inc. ("RealReal" or the "Company") (NASDAQ: REAL) between June 24, 2019 and November 25, 2019, inclusive (the "Class Period"). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Act of 1933.
Following a CNBC investigation that found instances of RealReal Inc (NASDAQ: REAL) selling counterfeit merchandise, CEO Julie Wainwright said Tuesday that the company has the most rigorous authentication process in the marketplace.
In his second "Executive Decision" segment of Mad Money Tuesday night, Jim Cramer spoke with Julie Wainwright, CEO of RealReal Inc. , the online retailer that's come under fire from reports alleging fake goods are slipping through the company's authentication procedures. Wainwright said her company has sold over 11.5 million items, 80% of which are to repeat customers. The company uses a combination of data, technology and humans to combat fraud, Wainwright continued.
Even the best-performing new stock companies from the region have been hit by a reset that appears to be happening on Wall Street.
A CNBC investigation found instances of RealReal selling counterfeit merchandise on its platform. RealReal's woes are a "classic case of growth at all cost," CNBC's Melissa Lee said Thursday. RealReal's authentication personnel have quotas to satisfy, and the company reached a point where the volume of incoming products was too much to handle, she said.