|Bid||18.70 x 4000|
|Ask||18.97 x 3100|
|Day's Range||18.68 - 19.67|
|52 Week Range||16.05 - 52.44|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||43.02|
|Earnings Date||Oct 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.25|
Scotia Global Asset Management announces August 2019 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
CEO of Stitch Fix Inc (30-Year Financial, Insider Trades) Katrina Lake (insider trades) sold 100,000 shares of SFIX on 08/21/2019 at an average price of $20.55 a share. Continue reading...
The idea of disruptors - single companies that (usually quickly) change the landscape of an entire industry or sector - isn't new. Henry Ford and Ford Motor (F) revolutionized automaking in the early 1990s. Phil Knight's Nike (NKE) forever altered the athletic-shoe industry.In the process, these and other similar game-changers were colossally successful stock picks, shooting higher year after year as they ate the rest of their industry's share.Today, institutional investors with deep pockets still are committing large sums of capital to disruptive technologies. For instance, in Canada, Quebec's largest pension fund - Caisse de dépôt et placement du Québec - recently announced that it would invest up to $2 billion in public-company stocks and pre-initial public offering (IPO) companies with the potential to become leaders in their industries.Here in the U.S., investment managers such as Ark Investment Management LLC, are focused exclusively on disruptive innovation. Ark defines disruptive innovation "as the introduction of a technologically enabled new product or service that has the potential to change an industry landscape by creating simplicity and accessibility while driving down costs." This sounds like the kinds of innovations harnessed by Ford and Nike in their heydays.Today, we'll explore 10 stock picks that have the potential to be disruptors themselves. A few of these are established companies that are delving into new markets, while others are younger companies that are only starting to be a thorn in other companies' sides. Just be cautious. A few aren't even profitable yet, which makes them considerable risks and more suitable for aggressive allocations. SEE ALSO: The 19 Best Stocks to Buy for the Rest of 2019
SAN FRANCISCO, Aug. 20, 2019 -- Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, today announced that it will release its financial results for its.
Amazon (NASDAQ:AMZN) wants to sell consumers every product and service for their homes. Naturally, it's gotten into the subscription clothing game by offering Prime Wardrobe to millions of Prime members across the U.S. and elsewhere.One of my favorite disruptors is Stitch Fix (NASDAQ:SFIX), the San Francisco-based clothing subscription service, that uses artificial intelligence and data analytics to fine-tune the apparel that's sent to its subscribers each month. I suspect the two companies may soon go toe-to-toe.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Little Like Stitch FixPrime Wardrobe allows members to order up to eight items, and try them all on. That sounds a little like Stitch Fix. In late July, AMZN added an extra feature. For $4.99 per month, consumers can get Personal Shopper by Prime Wardrobe. Personal Shopper generates a profile of consumers' preferences in terms of style, brand, fit, and budget, and then sends them curated items in-line with those preferences. That sounds a lot like Stitch Fix.If I had a dollar for every time AMZN took a shot across the bow of an industry or company, I'd be a wealthy man. * 10 Stocks Under $5 to Buy for Fall However, before you go out and buy some AMZN stock, you might want to consider whether Amazon has the chops to take on Stitch Fix.Have you ever bought an expensive clothing item from Amazon? I sure haven't. The fact that I can try Amazon's clothing on at home before paying for it is irrelevant. There's an argument to be made that Amazon is adding the $4.99 service so it can grab even more subscription revenue, regardless if it helps its Prime customers. Seriously, anyone who's getting his or her styling cues from Amazon isn't styling in the slightest, and that's coming from one of the least stylish people on the planet. Is AMZN Any Good at the Apparel Game?RetailWire recently hosted an online discussion about Amazon's $4.99 clothing subscription charge. "The personal shopper addition is definitely a good step to take if Amazon wants to be serious in the subscription fashion space," wrote Dave Weinand, CCO of research firm Incisiv, in the the online discussion last week. "Any opportunity to offer a more curated mix of items will increase chances for conversion and lower returns, "Like a lot of Amazon's moves, the subscription plan is part power play, part marketing research. AMZN has all the time in the world to conquer fashion, so it's starting with an affordable $4.99 monthly service until it can figure out precisely what its Prime customers want. Remember, most of what AMZN does today is carried out through its Prime membership. On the e-commerce front, it doesn't do anything without understanding how each move will affect its lucrative members, which is what ultimately drives AMZN stock.On the downside, the best brands are not going to want to be involved with the project because they're not going to want to be included in a curated group of items which are primarily drawn from Amazon's own boring brands. "This new fashion proposition seems an odd fit for the big, impersonal Amazon brand," wrote Michael La Kier, the principal at What Brands Want, a marketing consultancy. "Not saying they won't have a good business here eventually, but there will be mental hurdles among consumers," he added. The Bottom Line on AMZN StockI'm a big fan of AMZN CEO Jeff Bezos. I think he's brilliant, like Elon Musk. I've been recommending Amazon stock as long as I can remember. I continue to believe AMZN stock could hit $10,000 within the next five years.I also know that Bezos isn't afraid to make mistakes as he builds AMZN into the world's most customer-focused company. So, for now, as Prime Wardrobe's new service gets underway, I'm going to suggest that this latest move by Amazon should not be viewed as the first nail in Stitch Fix's coffin.But the initiative is the first step of the creation of a big revenue generator for AMZN. And that's definitely good news for the owners of AMZN stock.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Is Amazon Ready to Take on Stitch Fix? appeared first on InvestorPlace.
A look at the shareholders of Stitch Fix, Inc. (NASDAQ:SFIX) can tell us which group is most powerful. Large companies...
The tide is turning for these four stocks, according to the Street’s latest activity. These four stocks have received multiple analyst upgrades recently. Given that analysts usually reiterate recommendations, upgrades are a clear sign of increasing confidence in a company’s outlook. And when more than one analyst makes such a bold move, it’s time to pay attention. With this in mind, let’s take a closer look at four stocks showing particularly bullish signals from the Street right now: Lyft Inc (LYFT)- the light is changing from yellow to greenAnalysts are beginning to change their tune on ride-sharing stock Lyft. Despite the company’s 'awkward' IPO, bitter rivalry with market-leader Uber Technologies Inc (UBER), and current loss-making status- there is still much to celebrate about Lyft says the Street. “We are upgrading LYFT shares to Outperform from Neutral after Lyft exhibited in 2Q19 many of the indicators we had been looking for to get more positive on the story” cheered Wedbush analyst Daniel Ives (a 5-star analyst according to TipRanks) on August 7. He made the call after Lyft reported better than expected active riders, revenue per active rider, ridership, and profitability in its latest earnings report. This “was a major step in the right direction in our opinion towards gaining much needed Street credibility” commented Ives post-report.“Where we once viewed the domestic only nature of Lyft as a detractor, we are beginning to view it as more of a near-term benefit given the execution we are seeing from Lyft in the field around key metrics, as the competitive dynamics domestically are much stronger than they are internationally” the analyst told investors.In particular, Ives noted better operating leverage and a clearer path to profitability. “2018 turns into the peak loss year as Lyft sees y/y improvement in EBITDA losses, a year earlier than expected” he noted. As a result this top analyst bumped up his Lyft price target to $75 from $67 on higher estimates/ multiples. Indeed, on the earnings call, Lyft CFO Brian Roberts suggested that higher prices "will accelerate Lyft’s path to profitability, and further, we believe these price adjustments reflect an industry trend.” Overall Lyft shows a Moderate Buy analyst consensus. That’s with another recent upgrade from Atlantic Equities analyst James Cordwell (a 4-star analyst). He boosted Lyft to Hold from Sell, while raising his price target $8 to $60 post-earnings. FMC Corp (FMC)- putting patent expiry fears to rest If you haven’t heard of this niche stock before, welcome to an intriguing investing opportunity. FMC offers specialty Crop Protection Chemical exposure (~90% of sales, primarily herbicides and insecticides). Although the company currently licenses technology from larger developers, it is now hoping to develop its own Active Ingredients (AI’s) after snapping up DD Crop Protection’s assets.“Given that FMC has key process and formulation patents that protect Rnaxypyr and Cyazypyr through 2025+, along with its well-built infrastructure and option on selling AIs to competitive third parties, our initial fears of competitive generic products are well put to rest” celebrated top RBC Capital analyst Arun Viswanathan (a 5-star analyst) on August 9. “We upgrade FMC to Outperform from Sector Perform, as we had mistakenly thought the patent “cliff” in 2022 would result in a quicker deterioration of sales and EBITDA based on prior patent expiration in health care” the analyst told investors. Instead, FMC noted 16 key process patents that extend the protection date well past 2022. And from 2025, data protection in Europe and government registration timeline in US should extend the timeline even further says Viswanathan. At the same time, as FMC pointed out on its recent earnings call, manufacturing complexity is a high barrier to entry. FMC benefits from cost, scale advantages, and superior execution experience. The analyst also praised FMC for slashing Brazil exposure (already high channel inventories) and focusing on soybeans to benefit from an estimated ~400% soybean demand growth over next the decade. Meanwhile Goldman Sachs analyst Adam Samuelson (a 1-star analyst) upgraded FMC Corporation to Buy while bumping up his price target to $100 from $88. He termed FMC a "unique crop protection pure-play" with robust growth prospects and a "healthy" pipeline of crop protection active ingredients. Samuelson is now predicting that the company will record more than twice the annual revenue growth through 2023 vs other crop chemical stocks. FMC holds a 'Strong Buy' Street consensus. Stitch Fix Inc (SFIX)- the fix is inOnline personal styling pioneer Stitch Fix has received two back-to-back upgrades recently. Both Goldman Sachs and Stifel Nicolaus gave the stock the thumbs up- with prices looking more attractive now SFIX is trading down 20% on a one-month basis.Investors are feeling jittery about the stock after 1) a slowdown in active client growth and 2) threats from Amazon (AMZN). The e-commerce king has just announced that it is expanding deeper into the world of fashion via its new Personal Shopper by Prime Wardrobe service. Although shipping and returns are free, Prime members pay $4.99 to receive the specially selected items. Luckily for SFIX, Wells Fargo notes that the reaction from customers to Prime Wardrobe has so far met only ‘muted success.’ “While this gained some traction, a large number of consumers viewed the experience as overwhelming due to the number of products to choose from (a common issue we believe has held back Amazon’s ability to drive meaningful share in “fashion” apparel)” comments the firm.What’s more, top Stifel Nicolaus analyst Scott Devitt (a 5-star analyst) isn’t concerned about the slowing client growth. He writes “Despite the slowdown in active client growth, we are confident in management’s ability to drive healthy ARPU growth in the intermediate term by continuing to improve keep rates through stronger personalization (Style Shuffle), high-quality client adds, and healthy retention.” Devitt believes that the scaling of the U.K. business represents an additional opportunity for active client growth, as do new features/capabilities. “The ability to buy individual items and the potential to add more items per fix, could support further upside” the analyst tells investors. Rental provides another option to boost growth. On the F3Q:19 earnings call, CEO Katrina Lake said the company was looking at the rental market. At the same time he believes exclusive offers, the scaling of men’s business and shipping efficiencies should continue to benefit growth margins. With a forecast revenue growth of 19% CAGR over the next three years, Devitt has a $35 price target on the stock- marginally below Goldman Sachs' $38 price target. “Although we are forecasting a ~19% revenue CAGR through FY:22, we believe the favorable ARPU trends and the potential for new features/services are increasing the likelihood that Stitch Fix outperforms our revenue growth expectations” the analyst writes. Overall the stock scores a Moderate Buy Street consensus, based on the last three months of analyst ratings. Snap Inc (SNAP)- a newly augmented reality Last but not least comes disappearing photo app creator Snap Inc. The stock has put on a jaw-dropping rally in 2019- exploding over 200% since the beginning of the year. That was helped by the company reporting a solid beat and raise quarter back at the end of July. “Revenue growth accelerated, DAU growth turned sharply positive, Gross Margin expanded nicely & EBITDA loss narrowed materially – a 4- part Summer Cocktail” exclaimed five-star RBC Capital analyst Mark Mahaney (a 5-star analyst) post-earnings. So it is not surprising the stock has also scored several upgrades from the Street. We are talking about upgrades from UBS, Aegis Capital and Summit Redstone Partners- and before that, Goldman Sachs. “Snap's 2Q19 results confirmed our work that led to our intra-quarter upgrade of the stock to Buy from Hold” commented Aegis Capital’s Victor Anthony (a 5-star analyst). Following the results this Top 100 analyst boosted his price target from $17 to $19 (12% upside potential), writing “we continue to be firm buyers of the stock.” Snap's fundamentals have clearly improved, Anthony said, and the improvement is sustainable. This is something the analyst picked up on at the time of the stock’s upgrade where he highlighted Snap’s increasing per-user engagement, increasing advertiser interest, and revenue expansion opportunities. “We walk back our previous assertion that Evan Spiegel should find a buyer for the business - Snap can stand on its own.” Anthony told investors in June. “This is our first Buy rating on the stock since our pre-IPO initiation work, when we were skeptical of Snap's ability to drive user growth, concerned that the ad platform was inferior to competitors in terms of targeting and analytics, and concerned that there was no clear path towards profitability and positive cash flow inflection.”And the analyst makes a valuable point when he adds that “Snap is largely absent from the privacy, antitrust, and regulatory discourse in the U.S. that is increasing the risks to owning FAANG stocks.” Based on 26 recent ratings, analysts have a Moderate Buy consensus on SNAP right now.Visit TipRanks’ Analysts’ Top Stocks tool, to find out which companies Wall Street’s top analysts are bullish on right now.
(Bloomberg Opinion) -- Lyft Inc.’s rocky road as a public company should be a warning for other highfliers hoping to hit it off with stock investors. It is ugly out there for the elite startup superstars. Lyft said in its second-quarter earnings report on Wednesday that the rate of revenue growth slowed less than it had forecast and that losses weren’t as bad as investors expected. Still, even the company’s slightly raised forecast for 2019 revenue growth of as much as 62% would represent a comedown from last year, when Lyft’s revenue was doubling or more year-over-year. Both Lyft and rival Uber Technologies Inc. are posting slowing growth at the same time they’re telling investors that they’re just barely scratching the surface of their potential. Lyft shares were initially higher in after-hours trading following the release of the earnings report but then retreated.(1)Questions about Lyft’s slowing growth, high losses and the general viability of on-demand transportation have pushed its share price far below the $72 at which the company sold stock in its initial public offering in March. Shares of Uber have also been underwater since its IPO. And those two are far from alone in their misery.For all the hype about the post-2008 class of high-profile, highly valued and highly disruptive technology startups, many of the biggest “unicorns” that have gone public so far have been stinking up public stock markets like a skunk waddling into a picnic. In addition to the decline in shares of Uber and Lyft, the prices for Snapchat, Dropbox Inc., Spotify Technology SA and China’s Xiaomi Corp. and Meituan Dianping are also below their IPO levels. For many of the top tier of richly valued young technology companies, the early message from public investors has been clear: If the company’s business model is a string of question marks and there are few public precedents and high losses, stock buyers are not greeting them with open arms. The lackluster performance of the unicorn elites isn’t a great setup for WeWork Cos., Postmates Inc., Didi Chuxing Inc. and others in the crop of still-private startup elite edging to go public soon, with even-bigger-than-Uber-sized doubts about their viability and wild valuations. Many more richly valued startups remain private, so it’s too soon to call the elite unicorn crop a success or failure. But if the top-flight startups are being greeted with skepticism in the midst of an unprecedented decade-long bull market for U.S. stocks, what happens when and if market conditions deteriorate? There are notable exceptions to the public investor shunning of unicorns. Investors are crazy in love with young tech companies that sell software or other products to businesses.(2) The tier of tech startups below the richly valued elites such as Uber — think Zoom Video and Stitch Fix Inc. — have typically fared better than many of the superstars. Pinterest Inc., the online scrapbook, has a familiar advertising-based business model, seems to be managing itself well and has a share price that reflects hopes rather than fears. (A familiar business model hasn’t helped the less competently managed Snap Inc. Even after a wild run-up this year, Snap shares are trading below the price at which the company went public in early 2017.) Even with the declines, there probably aren’t many regrets among the early backers of the elite unicorns. Investors who bought shares of companies such as Lyft and Snap early in their lives have made a fortune. Even stock buyers who bought at significantly higher prices soon before the IPO may feel fine about the investments because they were adding to stakes built earlier or they were making relatively small starter investments for giant investment funds.(3)This underscores why the last decade of startup investing has been so odd. It has been economically rational for investors to pour money into young companies and prod them to grow as big and fast as possible. Even when those startups aren’t home runs if they become public companies, those early backers have done fine, or far more than fine. There are few losers, then. The early backers of elite startups are in the black. Buyers of public stocks can shun the young companies if they are too speculative once they go public. It’s all good — except for the startups themselves, perhaps. They are the ones under the most pressure to figure out how to thrive far into the future. (1) Investors seemed a bit spooked by the company's early end to restrictions on insiders to sell Lyft stock. The company's shares are heavily shorted, which tends to exacerbate stock movements.(2) Slack Technologies Inc. may be trading below its first stock sale in its non-IPO earlier this year, but it has generally been greeted warmly and its stock trades at a rich multiple.(3) Some of the unicorns are still underwater compared with share sales from years ago. Dropbox's per-share price now is lower than private purchase of company shares from 2014. Uber's stock is about even with the the level of 2015 share sales. Snap stock price isn't much higher than private share transactions two and a half years ago.To contact the author of this story: Shira Ovide at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Amazon.com Inc. continues to take steps in the fashion category with the launch of a styling service, Personal Shopper by Prime Wardrobe, as the e-commerce giant takes on outfit-in-a-box pioneer Stitch Fix Inc. and luxury consignment newcomer RealReal, among others competing for the changing habits of consumers. Personal Shopper by Prime Wardrobe offers Prime members the chance to have a team shop for them based on a customer survey for style and fit preferences. Amazon (AMZN) has been wading further into fashion waters with offerings like the CK x Amazon Fashion Event, which included items from PVH Corp. (PVH) brand Calvin Klein, a limited-time collaboration with Levi Strauss & Co. (LEVI) that was featured during this year’s Prime Day event, and the launch of Prime Wardrobe for all U.S. Prime customers last year, which also gives shoppers the chance to try items before committing to a purchase.
The Home Depot Inc. is working on a major logistics expansion in metro Atlanta. The Atlanta-based home improvement giant, which has been exploring sites across the metro region, is close to identifying the first locations for new fulfillment centers. Home Depot (NYSE: HD) is focused on at least one site along the Interstate 75 corridor near Henry and Clayton counties, people familiar with the process said.
Amazon.com Inc. added to its fashion arsenal with a new styling service, Personal Shopper by Prime Wardrobe, that offers Prime members the chance to have a team shop for them based on a customer survey for style and fit preferences. Shoppers preview their picks and select the items they want shipped. Customers have seven days to try on the items and only pay for what they keep. Shipping and returns are free, but Prime members pay $4.99 per month for the service. Personal Shopper by Prime Wardrobe is available now for women with men's coming soon. "Amazon's push into the fashion apparel space through their subscription box service ("try before you buy") has been a long touted bear case against Stitch Fix that investors have talked about ever since the company has been public," wrote Wells Fargo. This Prime Wardrobe service "has been met with muted success," though it has added a personalization element to the Prime membership. For its part, Stitch Fix has done a "very commendable job" of targeting its "higher-quality clients" over the last year, but analysts say concern is growing as competition from companies like RealReal Inc. heats up. "Given the fact that growth is normalizing and new initiatives and categories will likely require higher spend, we believe that marketing will likely continue to deleverage on the P&L for the next few years," Wells Fargo said. Wells Fargo rates Stitch Fix stock market perform with a $30 price target. Stitch Fix stock closed down 2% on Tuesday, but is up 58.5% for the year to date. Amazon shares have rallied 26.4% for 2019 so far. And the S&P 500 index is up 20.2% for the year to date.
Will the rally ever end?! Stocks continue to climb to record levels. Boosted by strong earnings and the promise of U.S.-China trade talks, the S&P 500 is now up over 20% year to date. That means upside potential can look limited from these lofty heights and finding stocks to buy seems a daunting task.Source: Shutterstock But there are still some select stocks out there primed to move higher. If you're looking for a quick boost to your portfolio, look no further. These are 7 stellar stock picks -- and I will explain why.First of all each of these stocks has over 20% upside potential. This is from the current share price to the average analyst price target. (And some of these stocks have far more than 20% upside potential.) Secondly, all these are "Buy" rated-stocks according to Street consensus -- or all the stock's ratings for the last three months. And last but not least, when you see the analyst investor reports on these stocks, it's clear that these are very promising companies with serious growth to come.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Semiconductor Stocks to Buy for Your Inner Geek I found these stocks using TipRanks' stock screener. This nifty screener enables you to search for stocks with a bullish rating from the Street's best analysts. Plus you can screen for only stocks with 20% upside potential and above. So see what you think of the following 7 stocks to buy now: Stocks to Buy: Stitch Fix (SFIX)Stitch Fix (NASDAQ:SFIX) shares enjoyed an incredible run at the start of the year. Shares are currently trading up 54% year-to-date. However it's not all smooth sailing -- the online personal shopping service has lost 14% in the last month. That's due to decelerating active client growth from 31% YoY as of July 2017 to 17% YoY as of April 2019.Luckily analysts are not concerned. In fact, it's quite the opposite. The stock has just received two back-to-back upgrades from the Street."Shares are now ~23% below our target price and trading at 1.3x CY:20 sales (below the historical average). Given our increasing confidence in the management team's ability to drive continued ARPU growth and healthy net client growth, we believe the recent weakness offers an attractive entry point" cheers five-star Stifel Nicolaus analyst Scott Devitt.He has just upgraded FIX from "hold" to "buy," with a price target of $35 (27% upside potential). Similarly Goldman Sachs' Heath Terry also upgraded FIX, with a $38 price target (38% upside potential). According to Terry, FIX shows "compelling upside potential" thanks to its expansion into plus-size, kids', and men's clothing. Terry is also optimistic about the company's recent move into the UK.Terry -- who also has a five-star track record -- tells investors: "We believe product innovation, operational efficiencies, and geographic expansion, combined with the increase in retail store closures (particularly in apparel) represent significant opportunities for further outperformance." Interested in Stitch Fix stock? Get a free SFIX Stock Research Report. Syndax Pharmaceuticals (SNDX)Source: Shutterstock Syndax Pharmaceuticals (NASDAQ:SNDX) has a strong purpose. The company wants to create a future where people with cancer live longer and better than ever before. And it is certainly making progress in realizing this goal. The company has just announced that the IND (investigational new drug application) for its targeted Menin inhibitor, SNDX-5613, has been cleared by the FDA.Syndax will now run will run a Phase 1/2 open-label trial in patients with r/r leukemia. Top-rated Nomura analyst Christopher Marai argues that the drug has the potential to be a blockbuster i.e. an extremely popular drug delivering annual sales of over $1 billion.He has just reiterated his SNDX buy rating with a $16 price target (78% upside potential). The analyst is confident that data is possible by the end of this year, writing: "We believe that the menin inhibition approach has potential for rapid POC (proof of concept) data, possibly by ASH (YE19)." * 7 Oversold Stocks To Buy Right Now He concludes "The program could become a blockbuster opportunity." Note that shares have already doubled year-to-date. But according to the Street significant further growth lies ahead. The average analyst price target of $19 indicates upside potential of 115%. Get the SNDX Stock Research Report. Morgan Stanley (MS)Source: Shutterstock Morgan Stanley (NYSE:MS) has only buy ratings from the Street right now. The company just reported stellar earnings for the second quarter against a choppy operating backdrop. Meanwhile the average analyst price target of $60 suggests shares can surge over 30% in the coming months.Revenue of $10.24 billion exceeded consensus estimate by around $250 million. Likewise EPS of $1.23 crushed the expected $1.14 consensus estimate. The beat came from strong results in both the firm's wealth management and investment management divisions.Morgan Stanley's CFO Jonathan Pruzan revealed that rising markets helped in "both the wealth business, in terms of the assets we manage, as well as our investment management business."I am also encouraged by a recent upgrade from Citigroup analyst Keith Horowitz. He boosted his price target from $48 to $52, citing an opportunity to increase exposure to a high quality franchise with limited rates exposure."We see Morgan Stanley net income growth of 2-3% over the next two years by continuing to gain market share in both its institutional and retail franchises, which compares more favorably against the flat to slightly declining net income growth among the rest of the bank universe" the analyst told investors. Shares are currently up 15% year-to-date. Get the MS Stock Research Report. The RealReal (REAL)Source: Shutterstock Welcome to a brand-new investing opportunity. This is a stock I am keeping a close eye on right now. Luxury resale website The RealReal (NASDAQ:REAL) has just made a dazzling market debut with a $300 million IPO. Despite pricing shares above the expected $17-$19 range at $20, the stock opened for trading at $28.90, up 44.5%."We see a strong opportunity for The RealReal to be a dominant player in the luxury resale space" cheers Stifel Nicolaus analyst Scott Devitt. He is one of six analysts who have just initiated coverage on REAL. Four analysts started the stock at buy with two staying sidelined. Their $30.20 average price target translates into 20% upside potential.Devitt believes that REAL provides a "superior marketplace experience." Crucially there is a rigorous authentication process to ensure genuine luxury items. As the company stated in its IPO filing: "Trust is the cornerstone of our online marketplace… We believe the trust and personal relationships that we have built with both consignors and buyers over the past eight years cannot be easily replicated."What's more Devitt notes that the secondhand personal luxury goods market is growing over 2x faster than the primary market. In addition, there is an estimated $198 billion in luxury goods potentially available for sale in U.S. homes. "As more individuals become comfortable buying and selling pre-owned goods, there is a strong opportunity to unlock supply supporting long-term growth" states the analyst. * 7 Stocks to Sell This Summer Earnings Season With strong revenue growth of 35% CAGR over the next three years, the analyst expects the company to break even in 2022. Get the REAL Stock Research Report. Netflix (NFLX)Source: Shutterstock Should you buy Netflix (NASDASQ:NFLX) right now? There is no escaping the fact that Netflix disappointed with its Q2 earning results. Shockingly weak Q2 subscriber additions numbers sent shares plunging 16%. However I would argue that now is the time to buy rather than sell. And this is a message backed by the Street, which has a "strong buy" NFLX stock consensus.One analyst sticking by his bullish call is Monness' Brian White. Out of over 5,000 tracked analysts, White is ranked No. 9 for his strong stock picking skills. Plus his NFLX price target is even higher than average at $440 (43% upside potential). The $412 average analyst price target indicates 24% upside potential."We expect this noise will prove to be a fleeting issue and reiterate our BUY rating" cheered White. "Netflix reported a big 2Q:19 paid streaming net additions miss but served up a healthy 3Q:19 outlook."SunTrust Robinson analyst Matthew Thornton calls the 3Q content slate "easily the most robust to date." Notably "Stranger Things" Season 3 had a whopping 40.7 million accounts watching in the first four days, According to a Tweet from Netflix. That's "more than any other film or series in its first four days." Thornton also cites hits like La Casa de Papel (No. 1 Spanish language show), Sacred Games (No. 1 Indian show) and new content from Ryan Murphy and the Obamas. Get the NFLX Stock Research Report. OrganiGram (OGI)OrganiGram Holdings (NASDAQ:OGI) is a top-notch cannabis stock. Canada's OGI is a leading original licensed producer of medical cannabis. The company sells both organic and non-organic strains of cannabis, as well as vaporizers and cannabis oils. And it's trading at just around eight times next year's sales, one of the cheapest valuations compared to immediate peers.Even though OGI's fiscal Q3 earnings report missed expectations, its bull picture is firmly intact. CEO Greg Engel blames a failed cloning experiment for a temporary drop in plant yield. He reassured investors: "Not only have our yields returned to historical levels, but we have seen a meaningful increase in average cannabinoid levels in harvests to date in Q4."Looking ahead, the Canadian market is ready to grow significantly, says Engel. That's with more retail stores opening -- particularly in Ontario and Quebec -- as well as the upcoming legalization and availability of edibles and derivative products.Shares are still up 70% year-to-date, while all analysts covering OGI rate the stock a buy. With an average price target of C$12, these analysts see juicy upside potential of 53%. * 10 Stocks to Buy From This Superstar Fund "Organigram is quickly separating itself from other Canadian LPs," enthuses Paradigm analyst Corey Hammill. "It is a low-cost producer, has an established nationwide distribution network and has invested in preparing for Canada's next wave of legalization." So watch this space. Get the OGI Stock Research Report. Uniqure (QURE)Source: Shutterstock Last but by no means least, we have gene-therapy stock Uniqure NV (NASDAQ:QURE). The company has put on a remarkable sprint recently, nearly doubling in the last six months. That's thanks to its ongoing clinical program in hemophilia B, a blood clotting disorder caused by inherited gene mutation.Earlier this month, uniQure presented nine-month data from the Phase 2b trial of AMT-061 in hemophilia B at the ISTH Congress. Following the event, Cantor Fitzgerald's Elemer Piros hiked his price target from $81 to $94 (37% upside potential)."We remain optimistic that uniQure has the best-in-class hemophilia B gene therapy product and will report positive results from the ongoing Phase 3 HOPE-B study (we have restructured our payment model and increased the PoS [probability of success] to 90% from 75%)" Piros revealed."Although the stock has performed +163% YTD vs. +22% for the XBI, we think new interest could emerge from uniQure's pipeline beyond hemophilia B this year (we are newly including a Huntington's disease model)" the analyst added. Indeed uniQure has guided toward initiating a Phase 1/2 study for Huntington's during 2H19. Putting everything together, he expects uniQure to surpass $1 billion in revenue in 2025. Get the QURE Stock Research Report.TipRanks offers investors the latest insight into eight different sectors by tracking the activity of over 5,000 Wall Street analysts. As of this writing, Harriet Lefton did not hold a position in any of the aforementioned securities. 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 7 Stocks to Buy With Over 20% Upside From Current Levels appeared first on InvestorPlace.
Wall Street analysts are supposed to know a lot about stock picking. After all, they get paid the big bucks to analyze different trends and data points, understand different markets and industries, and ultimately predict where stocks in their coverage universe are going to go over the next 12 months.But, stock picking is a tough game, and as it turns out, analysts don't really have an "edge" on the average Joe. According to a working paper from multiple universities published in 2017, analysts have been pretty bad at picking winning stocks over the past 35 years. During that stretch, the average annual return on stocks was inversely correlated to the average expected earnings growth rate of stocks. That is to say, the stocks which analysts thought wouldn't grow profits by much, have consistently outperformed the stocks which analysts thought would grow profits by a lot.This study isn't isolated. It's findings corroborate a 1996 study which arrived at a similar conclusion - analysts aren't that great at predicting the future of stock prices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBecause of this, investors should take anything analysts say with a grain of salt.But, analysts are still noteworthy voices on Wall Street, and their opinions do influence short term stock price movements. While analyst opinions should be taken with a grain of salt, they should also be acknowledged and contextualized. * 7 Stocks to Sell This Summer Earnings Season With that in mind, let's take a look at seven stocks which have not only scored Wall Street analyst upgrades over the past month, but are simultaneously supported by strong core growth fundamentals and look like good buys over the next few months. Stocks to Buy That Wall Street is Upgrading: Target (TGT)Source: Shutterstock The Upgrade: In early July, Goldman Sachs called Target (NYSE:TGT) its Best Idea in a broadly positive overview of the big box retail sector.The Thesis: Analysts at Goldman Sachs think that the core fundamentals underlying the big box retail sector are favorable, and that Target is set to benefit over the next several years from a combination of those favorable fundamentals, its big e-commerce investments over the past several years, and a moderating cost base.My Take: Target has been the hottest story in the big box retail world for some time, mostly because the company has rapidly expanded not just its e-commerce business, but its omni-channel business. These expansions have powered robust top-line momentum. They have also required a lot of investment, and have hampered margins. Now, those investments should phase into the rear-view mirror. As they do, top-line momentum will finally flow through into bottom-line momentum, and TGT stock -- at just 14-times forward earnings -- is ready to rip higher on that renewed bottom-line momentum. AMC Entertainment (AMC)The Upgrade: In mid-July, Credit Suisse initiated coverage on shares of AMC Entertainment (NASDAQ:AMC) at "Outperform."The Thesis: Analysts at Credit Suisse think the recent sell-off in AMC stock to multi-year lows presents an attractive entry point considering that box office fundamentals should improve in the back-half of 2019, and lead to a nice rebound rally in the stock. * 10 Stocks to Buy From This Superstar Fund My Take: The big sell-off in AMC stock is overdone, and this stock will rebound in a big way into the end of the year. Box office results were sluggish through the first six months of 2019. But, they are off to a hot start in July, with strong numbers from the new "Spider-Man" movie and "The Lion King" remake. The numbers should get better in the fall and winter, headlined by the new "Frozen" and "Star Wars" movies. At the same time, AMC's subscription movie-going program is adding subs at a record rate. This combination of improving box office fundamentals and continued subscription program growth should power a healthy rebound rally in AMC stock in 2019. Crocs (CROX)Source: Shutterstock The Upgrade: In mid-July, Piper Jaffray upgraded shares of Crocs (NASDAQ:CROX) to "Overweight."The Thesis: Piper Jaffray's channel checks show that Crocs sales trends have improved into the all-important summer season, giving credence to the notion that this brand's momentum remains as strong as ever, and that shares should bounce back from their early 2019 rout.My Take: CROX stock is a good summer buy. This company has engineered an impressive turnaround over the past several years. The turnaround hit a road-bump in early 2019. CROX stock dropped big in response. But, Piper Jaffray's channel checks coupled with various other favorable data-points and trends indicate that Crocs has regained operational momentum over the past several months. Thus, the turnaround here remains alive and well, and CROX stock should bounce back this summer as second quarter numbers impress investors. Best Buy (BBY)The Upgrade: In early July, Guggenheim initiated coverage on shares of Best Buy (NYSE:BBY) with a "Buy" rating.The Thesis: Analysts at Guggenheim think BBY stock is the most undervalued large-cap retailer, and that despite this relative undervaluation, the core fundamentals underlying the business are favorable. This combination of favorable fundamentals and relative undervaluation should shoot BBY stock higher. * 10 Tech Stocks That Are Still Worth Your Time (And Money) My Take: I agree with Guggenheim. Best Buy is a good and stable business with good and stable growth prospects, thanks to the fact that this is a defensible leader in the secular growth consumer electronics retail market (consumer electronics adoption is only going up in the long run). Yet, at just 12.8-times forward earnings, BBY stock is dirt cheap relative to other retailers (the consumer discretionary sector trades at over 21-times forward earnings). Thus, the relative undervaluation in BBY stock should not exist, and strong fundamentals will ultimately drive this stock higher long-term. Stitch Fix (SFIX)The Upgrade: In mid-July, Goldman Sachs upgraded shares of Stitch Fix (NASDAQ:SFIX) to "Buy."The Thesis: Analysts at Goldman Sachs thinks Stitch Fix is supported by favorable long term fundamentals (retail store closures imply a pivot into personal styling services, of which Stitch Fix is the leader). Those analysts further believe that geographic and product expansion will help Stitch Fix power big growth in the foreseeable future.My Take: Stitch Fix is changing the game in the apparel retail world, from going to a store and randomly picking out clothes, to having clothes professionally picked for me and delivered to my house. This pivot will gain mainstream traction, since online personalized styling services are more convenient (you don't have to go shopping) and yield better outcomes (it's professionally curated). As it does gain mainstream traction, Stitch Fix will add users in bunches, and grow revenues and profits by leaps and bounds. All that growth will inevitably push SFIX stock higher in the long run. Pinterest (PINS)Source: Shutterstock The Upgrade: In mid-June, Wedbush initiated coverage on shares of Pinterest (NYSE:PINS) with an "Outperform" rating.The Thesis: Analysts at Webush think Pinterest is fundamentally different than other social media platforms in its purpose (discovery/inspiration on Pinterest, versus sharing/communicating on other social media), and that this fundamental difference will enable the company to quickly ramp its advertising business over the next several quarters. * 7 Retail Stocks to Buy for the Second Half of 2019 My Take: I really like PINS stock. Pinterest is a unique digital platform in that it doesn't have overlapping functionality with other social media apps. Consumers go to Pinterest for inspiration or idea generation on various categories -- not to share thoughts or post ephemeral videos. This use case differentiation will make it really easy for Pinterst to populate the platform with ads, because ads blend right in with the visual-first discovery aspect of Pinterest. As such, Pinterest's ad business should ramp with great momentum over the next several quarters, and as it does, PINS stock will surge higher. Stocks to Buy That Wall Street is Upgrading: Square (SQ)Source: Shutterstock The Upgrade: In early July, Raymond James upgrades shares of Square (NYSE:SQ) to "Market Perform."The Thesis: Analysts at Raymond James have been bearish on Square stock for most of 2019. They now think that the bear thesis has largely played out, as revenue deceleration and more tepid margin expansion is now priced in, and that the company's debit card business is starting to gain traction.My Take: Square stock is a long term winner. The world is pivoting away from cash payments, and towards non-cash transactions. Square is at the heart of this pivot, both facilitating and building an ecosystem around such non-cash transactions. The company is also rapidly innovating and expanding their business portfolio to include things like debit cards and a peer-to-peer payments platform. This expansion of services in a secular growth market means that Square projects as a big-time grower for a lot longer. Thus, so long as the consumer and market backdrops remain favorable, SQ stock should trend higher.As of this writing, Luke Lango was long TGT, AMC, CROX, BBY, SFIX, PINS, and SQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 5G Stocks to Connect Your Portfolio To * 7 Stocks to Sell This Summer Earnings Season * 6 Upcoming IPOs for July The post 7 Stocks to Buy Upgraded by Wall Street appeared first on InvestorPlace.
Tech stocks are having a moment. Investors have shaken off regulatory concerns to propel tech stocks higher, with the tech-heavy Nasdaq index up a whopping 25% year-to-date. Chip stocks are also enjoying a relief rally after US-China trade tensions sparked heavy selling in 4Q18. And in its wake comes the S&P 500, now up 20% since the start of the year. Goldman Sachs isn't immune to this increasingly bullish sentiment. The firm has just released a rash of tech upgrades. Mostly firms reiterate recommendations- so a rating change speaks volumes about how a firm perceives a stock’s outlook (or, indeed, a sector). So which four tech stocks is Goldman Sachs re-evaluating right now? Let’s take a closer look, and see whether the Street agrees with this newly positive outlook… Snap Inc (SNAP)Five-star Goldman Sachs analyst Heath Terry has just upgraded disappearing photo app Snap. New hyper-realistic augmented-reality filters could lead SNAP to positively surprise in the coming quarters says Terry. His new buy rating comes with a $18 price target- which still only suggests 2% upside potential from current levels. That’s due to SNAP’s better-than-expected earnings results, which sent shares surging over 20%. Revenue growth accelerated (to 48% year-over-year), daily active user (DAU) growth turned sharply positive, Gross Margin expanded nicely, and EBITDA loss narrowed materially. “Our checks with advertisers also lead us to believe that the company’s continued innovation in its ad-stack, particularly in self-serve, should allow Snap to substantially improve monetization of user time spent on the platform over time,” Terry stated.Overall, the Street shows a cautiously optimistic Moderate Buy consensus on SNAP. Out of 22 analysts covering the stock, 9 rate SNAP a buy, 11 a hold and 2 say sell. Meanwhile the average analyst price target stands at $17- indicating 4% downside from current levels. Stitch Fix Inc (SFIX)Online personal shopping service Stitch Fix also gets the Terry thumbs up. The analyst upgraded the fashion stock on July 21 with a $38 price target. Even though shares have already climbed 60% year-to-date, Terry’s price target still indicates upside potential of 39%.Terry wasn’t deterred by SFIX’s slowing active client growth, writing: “we believe product innovation, operational efficiencies, and geographic expansion, combined with the increase in retail store closures (particularly in apparel) represent significant opportunities for further outperformance.” He spies ‘compelling upside potential’ from Stitch’s expansion plans- including the recent UK launch and the new men’s, children’s, and plus-sized offerings. Notably Goldman Sachs isn’t the only firm upgrading SFIX stock. Stifel Nicolaus’ Scott Devitt also notched his rating up to buy on July 22. With a $35 price target, Devitt explained: “We are confident in management’s ability to drive healthy ARPU growth in the intermediate term by continuing to improve keep rates through stronger personalization (Style Shuffle), high-quality client adds, and healthy retention.”Although SFIX shows a Moderate Buy Street consensus, if we look at only the best-performing analysts this consensus shifts to Strong Buy. The top analyst average price target stands at $38.80. Applied Materials (AMAT)Chip-making equipment stock Applied Materials has surged 59% year-to-date. Top Goldman Sachs analyst Toshiya Hari gave the stock a boost on July 22 with his ratings upgrade. He also raised the stock’s price target from $48 to $56 (7% upside potential). And most importantly- he added AMAT to the firm’s Conviction Buy List of top stock picks. The move came thanks to Hari’s increasingly optimistic take on the chip sector as a whole. Hari now forecasts the WFE [wafer fab equipment] market to grow 7% year over year in 2020, up from the previous prior assumption of flat year over year."Not only have the memory producers reduced capex over the last 4 quarters, but they have also made adjustments to their factory utilization rates to combat the on-going challenging environment, and while the memory WFE market is likely to remain weak in 2H19, we now expect fundamentals to improve earlier than our prior expectations," Hari told investors. However the rebound may take some time to materialize. “While visibility is limited in the near term...we believe disciplined supply-side actions from the memory manufacturers...coupled with recent supply-side disruptions will drive...an improvement in memory supply/demand sooner than previously expected” the analyst concluded. The Street currently has a Strong Buy consensus on AMAT with a $51 average price target (2% downside potential). Analog Devices (ADI)AMAT isn’t the only stock Hari is upgrading. He also issued a rare double upgrade for multinational semiconductor stock Analog Devices- taking ADI all the way from Sell to Buy. That’s with a $114 price target (9% downside potential). "First and foremost, we acknowledge that our Sell thesis on the stock - which was predicated on our guarded view towards the analog semiconductor cycle and relatively stretched valuation - has not worked," Hari admitted to investors."ADI, in our view, has exposure to multiple idiosyncratic revenue drivers," the analyst continued. "Specifically, we believe ADI's disproportionate exposure to the Comms Infrastructure end-market coupled with content gain opportunities in Automotive will drive growth that exceeds peers in the analog semiconductor space."Out of 11 analysts covering the stock, 8 rate ADI a buy, and 3 rate the stock a hold. However the average analyst price target of $116 is 7% lower than the current share price of $125. Note that the stock is currently up 45% year-to-date.
Scotia Global Asset Management announces July 2019 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
Shares of personalized fashion company Stitch Fix Inc (NASDAQ: SFIX ) have lost more than 15% since the start of July which Stifel says creates a buying scenario. The Analyst Stifel's Scott Devitt upgraded ...
Shares of the digital boutique Stitch Fix rose Monday morning as an analyst upgraded a stock that has swung substantially this summer. (SFIX) stock (ticker: SFIX) was up 2.3% to $27.51 as Stifel analyst Scott Devitt on Sunday boosted his rating on the shares to Buy from Hold. “We are confident in management’s ability to drive healthy average revenue per user growth in the intermediate term” by improving personalization and acquiring customers who are likely to spend more, Devitt wrote.
Amazon is taking on Stitch Fix with its new personal shopping service. Shipping a returns through "Prime wardrobe" are free and members will pay $4.99 a month. Yahoo Finances Emily McCormick, Heidi Chung, Ines Ferre joins Akiko Fujita.