|Bid||22.57 x 800|
|Ask||22.62 x 800|
|Day's Range||22.31 - 22.61|
|52 Week Range||16.99 - 37.72|
|Beta (5Y Monthly)||3.29|
|PE Ratio (TTM)||88.93|
|Earnings Date||Dec 08, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.92|
Scotia Global Asset Management announces January 2020 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
We believe investing is smart because history shows that stock markets go higher in the long term. But if you choose...
In a short squeeze, traders who have sold a stock short are forced to scramble. A rising share price leads those short sellers to buy shares to cover their positions. That demand can lead to a spiral higher: more shorts look to cover or face margin calls, leading to more buys and an even higher price.The most famous short squeeze in recent years -- and maybe ever -- actually was engineered by Porsche (OTCMKTS:POAHY). In 2008, amid the financial crisis, Porsche used derivatives to corner the market in Volkswagen (OTCMKTS:VWAGY). The short squeeze was so intense that Volkswagen briefly became the world's most valuable company.Most squeezes are more rudimentary in nature, simply adding to potential gains as good news arrives. Recent rallies in Tesla (NASDAQ:TSLA), Nio (NYSE:NIO), and Luckin Coffee (NYSE:LK) likely all have been boosted by short squeezes, even if fundamental factors have contributed as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are more names out there that could benefit from such a squeeze, including the following three stocks. But it's important to remember that short squeezes aren't necessarily long-term catalysts and that high short interest alone doesn't make a stock a buy. Shorts, after all, get it right sometimes. Squeezes can't and don't come if a stock doesn't make a fundamental move higher. * 10 Cheap Stocks to Buy Under $10 Indeed, these three stocks aren't guaranteed to see a squeeze. But the potential exists. Shorts are betting heavily against these stocks and good news could be on the way. Tanger Factory Outlet (SKT)Real estate investment trust Tanger Factory Outlet (NYSE:SKT) could see a squeeze driven not by performance, but by market factors. SKT stock has declined over 60% from late 2016 highs. But its dividend has held up, in fact seeing raises in each of the last three years.Source: Ritu Manoj Jethani / Shutterstock.com That combination has increased SKT's dividend yield to over 9%. Meanwhile, the SPDR S&P Dividend ETF (NYSEARCA:SDY) is based on an index that weights its components by dividend yield. And so as SKT stock has fallen, the ETF has acquired more shares. At the moment, SDY owns 20.7 million Tanger shares -- over 22% of the company.There's another problem, as Bloomberg's Matt Levine detailed last week (others have noted key parts of the story as well). SDY has a fund rule that it can't own a stock with a market capitalization under $1.5 billion. Tanger is under that line at the moment, with a market cap of $1.43 billion. And so the ETF likely has to exit the stake in its entirety by Jan. 31. That forced selling would swamp existing demand for shares, and potentially could send SKT stock down even further.But there's a catch, as Levine noted on Thursday via Bloomberg Intelligence. Fund sponsor State Street has to call in the shares it's lent to short sellers, which actually could create a squeeze. SKT stock gained 10% on Jan. 8, perhaps in anticipation of that squeeze, though it has receded since.Trading SKT in the near term seems best for those with experience, as the stock likely will be volatile. But with a stunning 58% of the float sold short, there's real potential for a squeeze. Meanwhile, Tanger's dividend yield and low valuation relative to FFO (funds from operations) make it an intriguing value play, as Aaron Levitt argued last year. The next two weeks will be eventful and could present an opportunity. Restoration Hardware (RH)Source: Andriy Blokhin / Shutterstock.com Furniture retailer RH (NYSE:RH) seemingly has made sport of targeting short sellers in the past few years. The company has used buybacks, including accelerated repurchases, to drive its share price higher.Performance has been impressive as well: adjusted EPS increased 180% in fiscal 2018 (ending early February 2019) and is guided up 46-48% in fiscal 2019. Buybacks have driven some of that growth, but RH also has seen steady revenue increases and expanding margins. * 7 Small-Cap Stocks That Are Not Worth a Second Glance But short sellers haven't given up on the trade. Over 34% of the float remains sold short. That seems unwise. RH still trades at a reasonable 16x forward price-to-earnings multiple. Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) has taken a 6.5% stake in the company. And history suggests the short side is the wrong side of this trade. Fourth quarter earnings, likely arriving in late March, could be the next catalyst for yet another squeeze. Stitch Fix (SFIX)Source: Sharaf Maksumov / Shutterstock.com Stitch Fix (NASDAQ:SFIX) has a little over 42% of its float sold short at the moment. That figure is inflated somewhat by the fact that only about 53% of shares outstanding trade freely, but that thin float can help catalyze a squeeze.And SFIX stock does seem like the type of name that could catch a bid in this market. So far, it hasn't: shares actually are down over the past eighteen months. But it's a growth name with an attractive valuation on a price-to-revenue basis. A 2020 sales target of $2 billion suggests a barely 1x multiple, backing out the company's cash on hand (Stitch Fix has no debt). Stitch Fix isn't cheap on a profit basis, at 100x 2020 consensus earnings per share estimates, but it has the ability to grow into that valuation if the top line cooperates.The high short interest admittedly suggests many traders see that revenue growth decelerating. But the bull case here is simple: if Stitch Fix meets its targets, SFIX stock likely rises. It could rise even faster than it otherwise might, as shorts are forced to cover.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 7 Earnings Reports to Watch Next Week * 7 5G Stocks to Connect Your Portfolio To The post 3 Stocks That Could See a Short Squeeze appeared first on InvestorPlace.
The charts and indicators of the online personalized apparel retailer look constructive enough to approach the stock from the long side.
Stitch Fix sends customers clothes on a monthly basis while attempting to eliminate a major headache of not only selecting clothes they like, but getting the size right, Lake said Wednesday in a "Mad Money" interview. Stitch Fix uses data science to better understand each customer's unique preferences to better find clothes they love. Stitch Fix also adds a human element to the process through stylists and fashion experts, the CEO said.
Stitch Fix President and Chief operating officer Mike Smith tells Yahoo Finance the company is on track to hit $2 billion in sales in 2020.
Retailers best do a better job of embracing technology in the next decade than they did in the past 10 years. Yahoo Finance speaks with Microsoft CEO Satya Nadella about the future of retail.
Rockets of Awesome CEO Rachel Blumenthal on how her direct to consumer brand was able to clear the noise and reach the masses.
[Editor's note: This article is regularly updated to include the most relevant information available.]InvestorPlace CEO Brian Hunt recently introduced the concept of "lottery stocks," or high-risk, high-reward stocks that could double, triple, quadruple or more in a hurry. The core concept behind buying these stocks -- risking a little bit of money to potentially make a lot of money, and doing so enough times so that the odds are in your favor -- immediately resonated with me.So, I constructed a portfolio of five lottery stocks in mid-November 2019. That portfolio included hyper-growth hydrogen fuel cell (HFC) maker Plug Power (NASDAQ:PLUG), beaten-up Chinese premium electric vehicle maker Nio (NYSE:NIO), left-for-dead department store retailer Stage Stores (NYSE:SSI), depressed cannabis producer Aurora Cannabis (NYSE:ACB) and disruptive online stylist platform Stitch Fix (NASDAQ:SFIX).InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the five weeks since I constructed this lottery stock portfolio, the returns have been enormous. During this stretch, the S&P 500 rose about 8%. Had you bought $1,000 worth of each one of these lottery stocks, however, you'd be up nearly 80%, or about $4,000 … in just over a month … from a mere $5,000 investment. Had you put $50,000 to work, you'd be up nearly $40,000.Given those numbers, it's fair to say that this lottery stock portfolio worked. In large part, that's thanks to huge outperformance from NIO (up 120%) and SSI (up 280%). * 10 2019 Winners That Will Be 2020 Losers Because of the tremendous success of this late 2019 lottery stock portfolio, I've decided that it's worthwhile to construct another for 2020. Without further ado, then, it's time to look at the best-in-class high-risk, high-reward stocks to own for the next 12 months. Lottery Stocks to Buy for 2020: Canopy Growth (CGC)Source: Shutterstock Current Price: $20Potential 2020 Price: $35At the top of this list of lottery stocks positioned for a big 2020 is Canada's biggest cannabis producer, Canopy Growth (NYSE:CGC).The qualitative part of the bull thesis on CGC stock for 2020 is easy to follow. The headwinds which killed CGC stock in 2019 will evaporate and turn into tailwinds in 2020. Specifically, demand headwinds will turn into demand tailwinds as Canopy gets a boost from new products (vapes and edibles), sustained retail footprint expansion and enhanced logistics. Supply headwinds will also turn into supply tailwinds as Canopy has spent all of 2019 building out huge production capacity. And, U.S. legislation -- which went nowhere in 2019 -- will make meaningful progress in 2020, thanks to a House of Representatives committee recently passing the MORE Act.Because of all that, the damage that CGC stock suffered in 2019 -- down 30% -- is nothing more than a perfect set-up for a big rebound in 2020.How big will that rebound be? Pretty big. At this point in time, Canopy is the clear leader with the most firepower and deepest pockets, in what projects to be a massive legal cannabis market. According to my numbers, that positioning will one day enable the company to turn into a multi-billion dollar revenue company with healthy profit margins. Realistically, I think $5 in earnings per share is a doable target by 2030. Based on a forward earnings multiple of 16 (the market average multiple) and a 10% annual discount rate, that equates to a 2020 price target for CGC stock of nearly $35.The market doesn't see CGC stock in this same light today. That's because of all the 2019 headwinds. But, as those headwinds turn into tailwinds into 2020, the market will start to CGC stock this way. As it does, shares will soar towards $35. Plug Power (PLUG)Source: Shutterstock Current Price: $3Potential 2020 Price: $5One lottery stock in my late 2019 lottery stock portfolio which hasn't panned out yet, but which I think can still be a big winner in 2020, is HFC maker Plug Power.Plug Power makes HFCs, which are the "batteries" for hydrogen vehicles. To date, being the backbone of the hydrogen car market hasn't meant much. Relative to electric vehicles, hydrogen vehicles have been unsafe, expensive and inconvenient. Still, hydrogen vehicles do have their distinct advantages over electric vehicles in terms of range and charge time. Recently, certain industries -- namely, the materials handling industry -- has started to understand that they can deploy hydrogen vehicles while minimizing their disadvantages by: 1) buying them in bulk, and 2) restricting their movement to a warehouse (think forklifts).Consequently, the materials handling industry is starting to buy HFCs in bulk, which is pushing up Plug Power's revenues by a ton. Because this is such a big industry, and because HFC penetration is still relatively low, management thinks that this trend will persist for a lot longer. So much so that they've issued aggressive five-year targets of $1 billion in revenue and $200 million in EBITDA.I'm not sure Plug Power can do that. This management team has a history of over-promising and under-delivering. But, I do think that sustained robust HFC uptake in the materials handling industry will power robust revenue and profit growth over the next several years, and that 45 cents in earnings per share is achievable by 2024. * 7 Stocks to Buy for January and Beyond Based on an exit multiple of 16-times forward earnings and a 10% annual discount rate, that equates to a 2020 price target for PLUG stock of over $5. That's where I think shares will trend over the next 12 months. Nio (NIO)Source: Sundry Photography / Shutterstock.com Current Price: $3.80Potential 2020 Price: $7-$8Chinese premium EV maker Nio was one of my top lottery stock picks for late 2019. Over the last three months of the year, shares have essentially tripled. Fortunately for bulls, I don't think this big rally is over. NIO stock is one of my favorite lottery stocks for 2020, too.NIO stock was killed throughout most of 2019 thanks to three things. First, China's auto market slowed, as China's entire economy slowed on the back of escalating global trade tensions. Second, NIO's delivery volume trajectory went negative in this slowing market. Third, net losses widened as lack of sales growth converged on big expense growth.In late 2019, Nio stock has started to bounce back because those three headwinds have reversed course. China's auto market is now picking up steam as global trade tensions are easing. NIO's delivery volumes grew 35% sequentially in the third quarter -- thanks to a new vehicle launch -- and are expected to rise another 65% in the fourth quarter. And, net loss in the third quarter narrowed year-over-year.All of these favorable developments will continue into 2020. China's auto market will continue to bounce back. Nio's positioning in that market will continue to improve thanks to yet another new vehicle launch, new battery pack launches and a refresh of an old vehicle. Cost-cutting initiatives will continue to bear fruit and converge on renewed sales ramp to drive meaningful margin expansion and healthy loss contraction.All the important financial and fundamental trends should move in NIO's favor in 2020. Assuming they do, my math indicates that this stock could take out the $7-$8 levels next year. Stage Stores (SSI)Source: LM Photos / Shutterstock.com Current Price: $8.35Potential 2020 Price: $10Department store operator Stage Stores, is a stock which has increased more than 15-fold over the past few months. But I still think that SSI stock has more fuel in the tank to run even higher in 2020.The story at Stage Stores is quite simple. For most of the decade, Stage Stores was your typical, antiquated department store operator that was losing the retail game. Along the way, Stage Stores acquired off-price department store operator Gordmans. Nobody blinked when it happened. But, a few years later, Stage Stores management noticed that Gordmans locations were consistently and meaningfully outperforming their Stage Stores locations.So, on the brink of collapse, SSI management proposed something radical. They are now converting all the full-price Stage Stores locations into Gordmans locations.This transition started in 2019. It's worked beautifully so far. The company has rattled off back-to-back quarters of 15%-plus comparable sales growth. The best part? This transition is just getting started. In 2019, the company converted less than 90 full-price stores into off-price ones. In 2020, it will convert more than 500.Essentially, then, this transformation into a successful, growing, profitable off-price retailer is in its first few innings for Stage Stores. As the transition gains mainstream traction in 2020, shares will continue to power higher. My $10 price target is based on my assumption that sales stabilization and margin improvement will drive earnings per share towards 70 cents by 2025. Based on a retail sector average 20-times forward earnings multiple and a 10% discount rate, that equates to a 2020 price target of nearly $10.As of this writing, Luke Lango was long PLUG, NIO, SFIX and CGC. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks That Are Still Worth Buying In 2020 * 7 Strong Stocks to Buy That Won Q3 Earnings * 5 Safety Stocks to Buy Without Trade War Exposure The post 4 Strong Lottery Ticket Stocks That Could Soar in 2020 appeared first on InvestorPlace.
Increasing competition is pushing fashion biggies to adopt superior tech and innovative business models, meeting consumer expectations' and offering ample room for stocks to run.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the electric vehicle leader and the result of a re-merger. Bearish calls also included entertainment ...
Stitch Fix, Inc. (SFIX), the leading online personal styling service, today announced that effective December 11, 2019, the compensation committee of the company’s board of directors granted Loretta Choy, General Manager of Stitch Fix Women, the option to purchase 143,216 shares of the company’s Class A common stock, at a per share exercise price of $27.55, and restricted stock units to acquire 83,659 shares of the company’s Class A common stock. The stock options vest over four years, with one eighth of the shares vesting on the six-month anniversary of Ms. Choy’s start date and the remainder vesting in equal monthly installments thereafter, subject to Ms. Choy’s continued service on each vesting date. The restricted stock units vest over four years, with one eighth of the shares vesting on June 17, 2020, and the remainder vesting in equal quarterly installments thereafter, subject to Ms. Choy’s continued service on each vesting date.
By 2050, if nothing is accomplished on the sustainability front, the textile industry will be using 300 million tons of oil, making the sector a major emitter of greenhouse gases
Stitch Fix (SFIX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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.
Yahoo Finance's Brian Sozzi sits down with Stitch Fix COO Mike Smith at the National Retail Federation 2020 Expo to discuss the online retail industry and growth expectations for the personal shopping company.
Rockets of Awesome CEO Rachel Blumenthal joins Yahoo Finance's On The Move to discuss how direct to consumer brands are disrupting fashion.