|Bid||13.94 x 27000|
|Ask||13.96 x 800|
|Day's Range||13.65 - 14.15|
|52 Week Range||4.82 - 14.47|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.56|
Facebook (FB) Watch has now more than 720-million monthly and 140-million daily users, who spend at least one minute on Watch.
U.S. stock futures are trading slightly lower ahead of the bell. In early morning trading, futures on the Dow Jones Industrial Average are down 0.16%, and S&P 500 futures are lower by 0.23%. Nasdaq-100 futures have shed 0.63%.In the options pits, fear officially left the building, at least if put volumes are any indication. They sank to their lowest levels in recent memory. By day's end, only 12.7 million puts changed hands compared to 15.1 million calls.The ebb in put demand was felt at the CBOE as well, with the single-session equity put/call volume ratio slamming back down to 0.63. That places it in the center of the past few months range. Meanwhile, the 10-day moving average held its ground at 0.66.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOptions traders targeted the following three stocks: Lululemon (NASDAQ:LULU), Disney (NYSE:DIS) and Snap (NYSE:SNAP).Let's take a closer look: Lululemon (LULU)A strong earnings report sent Lululemon stock to record highs on Thursday. For the first quarter, the athletic apparel company earned 74 cents per share on revenue of $782 million. Analysts were expecting earnings of 70 cents on $755 million revenue. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 LULU also raised its full-year guidance to between $3.73 and $3.77 billion in revenue and earnings per share between $4.51 and $4.58.The stock opened 6.5% higher, but sellers erased the bulk of the gains by day's end. That said, Lululemon stock still sits above all its moving averages, and the long-term trend remains healthy as a horse. Wait for a close above the $180 resistance to signal buyers are ready to sustain a breakout.On the options trading front, calls won the day by a modest margin. Total activity rocketed to 744% of the average daily volume, with 128,810 contracts traded. Calls claimed 56% of the tally.The post-earnings volatility crush was on full display, sending implied volatility into the basement. At 29%, it now sits at the 19th percentile of its one-year range. Premiums are now pricing in daily moves of $3.16, or 1.8%. Disney (DIS)The mouse house was rockin' Thursday after receiving some love from Morgan Stanley analyst Benjamin Swinburne. By day's end, DIS stock rose 4% bringing it within a whisker of a new record high.In the research piece, the bank raised their price target for DIS shares from $135 to $160 citing a lofty forecast for the number of subscribers buying into Hulu, Disney Plus, and ESPN Plus. By 2024, the firm thinks the number could rise as high as 130 million, which should deliver a substantial boost to Disney's bottom line.On the options trading front, traders came after calls with a vengeance. Activity swelled to 516% of the average daily volume, with 372,538 total contracts traded. 85% of the trading came from call options alone.The uptick in demand drove implied volatility higher to 29%, placing it at the 29th percentile of its one-year range. Premiums are now baking in daily moves of $2, or 1.4%. Snap (SNAP)The news was light for Snap shares, but that didn't keep traders from gobbling up call options on the surging social media stock. The 2019 recovery accelerated this month with a rousing two-month breakout that has lifted SNAP stock just shy of a new 52-week high.Volume patterns are supporting the bulls' campaign with multiple accumulation days cropping up. The past five days have seen tight consolidation form near resistance. The lack of any giveback after last week's rip-roaring rally is impressive and reveals the continued strength of buying beneath the surface.On the options trading front, calls proved far more popular than puts. Total activity grew to 155% of the average daily volume, with 143,455 contracts traded. Calls accounted for 71% of the session's sum.Uncertainty has dwindled dramatically with implied volatility now down to 48%. That places it at the 13th percentile of its one-year range, suggesting premiums are quite cheap. The expected daily move is now 43 cents, or 3%.As of this writing, Tyler Craig held bullish options positions in DIS. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Friday's Vital Data: Lululemon, Disney and Snap appeared first on InvestorPlace.
FIFA is best known for its massive World Cup and Women's World Cup competitions, but the non-profit organization has other sources of earnings as well.
Snap (NYSE:SNAP) stock has spent most of 2019 recovering losses it has sustained since its 2017 IPO. With the SNAP stock price at just above $13.60 per share at the time of this writing, it continues to march toward the $17 per share IPO price from two years ago.Source: Shutterstock Deals to boost user engagement and more ad sales have boosted the prospects for Snapchat stock.However, the company continues to face competition from more prominent players. With losses expected for several more years, SNAP could stop moving higher if attention shifts back to the company's stagnant user growth and financial losses.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 SNAP stock price has risen by more than 150% since the start of the year. Investors began to feel more confident about the company as it adopted the ad-based approach that has helped peers such as Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR).Thanks in part to this new approach, analysts predict a 34.8% increase in revenues this year and 30.4% in fiscal 2020.Also, Facebook's decision to not move forward with Direct, an Instagram app for messaging that would have competed directly with Snapchat, boosted the stock further. Financials Are a ProblemAs I stated in a recent article, saving Snapchat does not equate to rescuing SNAP stock. SNAP's daily active user (DAU) numbers have again begun to rise.Unfortunately, at 190 million, DAUs remain below the company's record 191 million daily active users from the first quarter of 2018.The financials indicate the market may not "rescue" the equity further. Even if the company can sustain its positive direction, SNAP trades at more than 14 times sales. Despite the improvements, analysts also forecast losses through at least 2022.Assuming this forecast can hold, carrying the company forward will mean pain to the balance sheet. As of the previous quarter, the company holds about $1.2 billion in cash on its balance sheet. This comes in just under the company's 2018 losses of just over $1.25 billion.This presumes that the company can sustain its current pace for almost a year before it must turn back to the debt or equity markets to raise more cash. At that point, the company may have to resort to share dilution, which of course weighs on the price of SNAP stock.Share issuance is not something new for SNAP stock. The number of outstanding shares rose by 5.48% on a year-over-year basis as of the end of the first quarter.Still, every year has seen double-digit increases in shares available. In 2017, available shares rose by 44.34%. Unfortunately for SNAP bulls, the higher stock price increases the incentive to increase share issuance. Snap's Management ProblemsAnother issue speaks to the concern my colleague Laura Hoy addressed in her article. Admittedly, the concerns she addresses build a compelling case for not trusting the company's management. She cited the decision to not hold an in-person shareholder meeting as one reason for this mistrust.A lack of specifics on the balance sheet reinforces this concern. On that statement, Snap declines to itemize non-current liabilities. Hence, we have no information on the company's debt.We do know that "other long-term liabilities" rose from $110 million at the end of 2018 to $337 million.If that is all long-term debt, that would not constitute a huge liability for a company with over $2.16 billion in stockholders' equity. Specifically, this gives management the option to address some of the losses with more debt.However, the lack of willingness to state this directly could further breed a lack of trust. Such sentiment bodes poorly for Snapchat stock bulls hoping that the rally will continue. The Bottom Line on SNAP StockThe rally in SNAP could end if investor attention returns to the user numbers and the financials. Snapchat stock has moved much higher in 2019 on ad sales and new alliances.Unfortunately, analysts do not expect these moves to make SNAP profitable.The higher stock price could lead to more share issuance. While the company could also address these shortfalls through debt, a lack of transparency about financials or shareholder-related issues could breed mistrust at a time when Snapchat needs to build investor confidence.It is likely just a matter of time before these concerns catch up with SNAP stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Financial, Competitive Headwinds Will Catch up with SNAP Stock appeared first on InvestorPlace.
After a Fed-induced five-day winning streak for the tech-heavy Nasdaq Composite Index, the index fell for the second straight session on Wednesday, June 12, falling 0.38% to 7,792. AMD (AMD) and Snap (SNAP) have been two of the best-performing stocks during this period.
Michael Nathanson reiterate his bearish call, saying that the company wasn’t dealing with cybersecurity issues, MarketWatch reported.
Global financial markets are in rally mode after the U.S. and Mexico struck an immigration agreement to avert tariffs between the two countries. But, the global trade war is far from over. The U.S. and China have struck no such deal, and as of this writing, the big and ugly trade war between those two countries projects to get even bigger and uglier.So long as this trade war hangs around, it will provide a drag on financial markets.But, it won't provide a drag on every stock. Not every company has exposure to China, trade and tariffs. Some companies are null to mitigated exposure to those things, and as such, won't be weighed down as much by a trade war. They will continue to report solid and healthy numbers, and their stocks will rally in response.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs such, these are the stocks you want to buy for the foreseeable future, or so long as the trade war persists. * 7 High-Quality Cheap Stocks to Buy With $10 Which stocks fall into this basket of stocks to buy for their limited trade war exposure? Let's take a closer look. Facebook (FB)Source: Shutterstock The great thing about Facebook (NASDAQ:FB) in the current environment is that you have a $70 billion services revenue business, growing at a 20%-plus rate, that is blocked in China. At the same time, FB stock trades at just 23-times forward earnings.That's a healthy combination that should power over-performance in FB stock so long as the trade war sticks around. To be sure, Facebook isn't entirely exempt from the trade war. The higher tariffs go, the higher prices go for U.S. corporations. Most of those corporations can't afford to pass price hikes onto consumers, so they will absorb the tariff hit. In order to offset that hit, they may look to cut down on spend, including cutting back the ad budget.But, even if that happens, the Facebook ad budget likely won't get cut. Smaller, more experimental ad channels, like Snap (NYSE:SNAP) or Pinterest (NYSE:PINS), could get hit. Facebook won't, though, because it's the tried-and-true digital ad channel.All in all, then, Facebook is well isolated from trade war risks, and the business is still growing at a 20%-plus rate while the stock trades at a relatively cheap multiple considering that 20%-plus growth. Ultimately, that makes FB stock a good buy here. Five Below (FIVE)Source: Shutterstock Retail is broadly a bad place to be during the trade war, since a majority of U.S. retailers source their product from countries with lower labor costs, with the biggest of those countries being China. As such, retailers are at the epicenter of tariffs on China imports.But, discount retailer Five Below (NASDAQ:FIVE) is different from other retailers. First, this is a U.S.-focused retailer, so all of its sales happen in the United States. Second, this is a very strong and popular retailer, with comparable sales consistently running positive for several years. Third, this is a hyper-growth retailer, as the company is growing its store base by about 20% per year.Fourth, and perhaps most importantly, Five Below has successfully leveraged price hikes and renegotiated supply contracts to offset the impact of tariffs. As a result, sales growth has remained healthy, margins have remained resilient and both of those dynamics project to persist for the foreseeable future. * 10 Stocks to Buy That Could Be Takeover Targets In the big picture, then, FIVE stock is a good buy here because this is a super strong retailer that is successfully side-stepping tariffs. American Electric Power (AEP)Source: Riccardo Annandale Via UnsplashThe trade war promises to bring economic and financial market volatility. When economic and financial market volatility are on the rise, investors do two things: they hunt for stability, and they hunt for yield.U.S. utility giant American Electric Power (NYSE:AEP) provides both of those things. American Electric Power is arguably one of the most stable public companies in America, as the company provides electricity services to millions of Americans, none of whom are going to stop paying for said electricity services anytime soon because they all need electricity to survive in the modern world. Meanwhile, AEP stock simultaneously offers investors a healthy 3% yield, which looks exceptionally attractive next to a depressed 10-Year Treasury yield and in the face of slowing corporate earnings growth.All in all, AEP stock looks good here as a defensive play for risk-adverse investors looking to mitigate volatility and trade war exposure. Netflix (NFLX)Source: Shutterstock Much like Facebook, the great thing about Netflix (NASDAQ:NFLX) in the current environment is you have a hyper-growth services business that is blocked in China.Netflix is at the epicenter of the secular growth, over-the-top video mega-trend, which is sweeping across the globe. As a result, Netflix is growing revenues at a robust 20%-plus rate, with rapidly expanding margins, too. Importantly, this growth narrative has zero exposure to China, since Netflix is outright blocked in China. * 7 High-Quality Cheap Stocks to Buy With $10 Overall, then, Netflix stock gives investors exposure to a secular, 20%-plus revenue growth story without any exposure to the volatile and trade-impacted Chinese market. Demand for that exposure will go up so long as the trade war sticks around. As such, so long as the trade war persists, so will the uptrend in NFLX stock. Alphabet (GOOG)Source: Shutterstock Global internet search giant Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) falls in the same boat as Facebook and Netflix -- it's a hyper-growth services company with zero exposure to China.Much like Facebook and Netflix, Alphabet is a 20%-plus growth internet company supported by secular growth tailwinds in global urbanization and digitization. At the same time, the company makes most of its revenues from its services businesses (digital ads and cloud), and very little revenue from the hardware businesses like Google Home. Also, Google search and YouTube -- the two cores of Alphabet -- don't exist in China.In other words, as is the case with Facebook and Netflix, Alphabet offers investors exposure to a secular, 20%-plus global internet growth narrative with limited trade, tariff and China exposure.That is the exact type of exposure investors will flock to so long as the trade war persists, meaning that GOOG stock should fare well even in the face of rising trade tensions. Shopify (SHOP)Source: Shopify via FlickrSticking in the secular growth services theme, next up we have e-commerce solutions provider Shopify (NYSE:SHOP).Shopify provides e-commerce solutions to retailers of all shapes and sizes, so that they can create online stores and have the tools to succeed in an omni-channel commerce world. This growth narrative has caught fire over the past several years as the sharing economy has gained mainstream traction, and as e-retail has become increasingly decentralized and democratized. This narrative projects to remain on fire, too, as Shopify still only accounts for a fraction of the global retail sales pie.The trade war won't impact this narrative at all. Even if tariffs go up a whole bunch, and retailers are looking at higher input costs, they won't pull their Shopify spend. Why? Because Shopify is the platform that makes everything work for these retailers. Without Shopify, they don't have the tools to succeed in the digital world. Without those tools, retailers will suffer, meaning subscription revenue projects to keep rising for a lot longer. At the same time, consumers won't stop shopping in the digital channel, so transaction revenue will continue to march higher, too. * 7 A-Rated Stocks to Buy Under $10 As such, regardless of which way the trade war plays out, Shopify's growth narrative should remain broadly robust for the foreseeable future. This sort of unstoppable growth narrative is the exact type of narrative investors want exposure to at this point in time. Okta (OKTA)Cloud identity platform Okta (NASDAQ:OKTA) falls into the same boat as Shopify. This is a secular growth, small-cap services company with tremendous momentum at the moment, and this momentum will not be derailed by trade disputes.In a nutshell, Okta sells a cloud security solution that enables individuals to securely sign into any enterprise software system. This unique method of tackling digital and cloud security has gained traction and popularity over the past several years. As it has, Okta's growth trajectory has accelerated higher. Last quarter, the company reported 50% revenue growth.The trade war won't disrupt this growth narrative. First, Okta is a services business with minimal exposure to China. Second, digital security is increasingly becoming the most important and central feature of any enterprise, so a U.S. economic slowdown likely won't impact security spend on platforms like Okta by that much.In total, Okta is a hyper-growth internet services company with mitigated trade exposure, and it's a company that provides high-value services with resilient demand. That's a winning combination in today's market.As of this writing, Luke Lango was long FB, PINS, FIVE, AEP, NFLX, GOOG, SHOP and OKTA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post 7 U.S. Stocks to Buy With Limited Trade War Exposure appeared first on InvestorPlace.
When it comes to stocks, it's all about expectations. In theory, the present value of a stock is equal to the company's earnings power, discounted back at an appropriate rate. In practice, this basically means that the more optimistic investors are about the future growth of a company, the higher that stock will go, and vice versa.One feature of the expectations game in stocks is that expectations end up being correlated with potential return. The bigger expectations are for a company, the more those positive expectations get priced into the stock, so when good news happens, everyone was ready for it, and the stock consequently fails to rally in a big way.But, when the expectations are low on a company, good news isn't priced in. Thus, when good news converges on a depressed stock, that's when you get the big 20%-plus, 30%-plus, and bigger rallies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, the expectations game in stocks means that underdog stocks -- or dark horse stocks, as I like to call them -- are often the biggest winners in the market. * 7 Stocks to Buy As They Hit 52-Week Lows Which dark horse stocks are running higher in 2019? Let's take a closer look. Snap (SNAP)YTD Return: 150%Heading into 2019, Wall Street was very pessimistic on shares of Snap (NYSE:SNAP). The social media platform had seen its user base shrink in the back half of 2018, which coincided with a rapid slowdown in revenue growth. At the same time, the company was still reporting wide losses, and competition from bigger digital ad players was only getting more fierce.But, in 2019, the tide has started to turn for this dark horse stock. User growth has come back into the picture. Revenue growth has stabilized. Margins have improved. Competition has become less fierce. Losses have narrowed. In other words, every late 2018 headwind, has turned into an early 2019 tailwind, and SNAP stock has consequently more than doubled this year.Can the rally continue? I'm hesitant to say yes here. Snap stock has come very far, very fast, and the valuation is now very big. User growth, although positive, is still tepid. Revenue growth isn't all that impressive. Margins are still a concern. Competition hasn't gone away entirely. Broadly, although things are improving here, they still aren't great, and that will ultimately keep Snap stock from heading much higher. Roku (ROKU)Source: Shutterstock YTD Return: 230%In late 2018, Wall Street seemed to forget the secular growth story which supported streaming platform Roku (NASDAQ:ROKU). Investors became overly concerned about competition derailing this company's growth trajectory, and a slowdown in the global economy similarly derailing the OTT video trend. ROKU stock was consequently hammered.Those concerns were overstated. The economy hasn't slowed much, and the OTT video trend has only gained momentum in 2019. Further, competition still hasn't caught up to Roku, and the company has continued to dominate the streaming device market this year. As it has, investors have jumped back on the Roku bandwagon, and in a hurry. The stock has more than tripled in 2019. * 7 A-Rated Stocks to Buy Under $10 Can the rally continue? I think so. Sure, Roku stock needs to take a short term breather because, after all, stocks don't go up in straight lines forever -- even dark horse stocks that suddenly pull ahead. But, after that breather, the rally should continue. This company is increasingly turning into the cable box of the OTT video world, and that will translate into billions of dollars in advertising and subscription sharing revenue at scale. Those revenues are high margin, so we are talking potentially hundreds of millions of dollars in profit here. ROKU stock just isn't priced for that, so it will continue to move higher. Stitch Fix (SFIX)Source: Stitch FixYTD Return: 55%Wall Street was quick to fall in love with online personal styling service Stitch Fix (NASDAQ:SFIX). But just as quickly as investors fell in love with the stock, they fell out of love with it. In just over a year after its IPO, SFIX stock went from $15, to $50, back to $15, as investors backed away from the stock in late 2018 as growth dramatically slowed.But the growth slowdown was temporary, due to one-time changes and purposefully lower marketing spend. Those one-offs have been phased out, and marketing spend has re-accelerated. Consequently, growth in 2019 has re-accelerated, too. As it has, SFIX stock has come roaring back. Shares are up more than 50% in 2019.Can the rally continue? I'd say yes. Stitch Fix is changing the game in retail to a curated, on-demand model. We've seen these shifts before. Netflix (NASDAQ:NFLX) changed the content game by curating content and making it on-demand. Chegg (NASDAQ:CHGG) changed the education game by curating textbooks and making learning an on-demand experience. The retail pivot will play out in a similar manner. Curated, on-demand shopping will gain share and traction. As it does, Stitch Fix's growth trajectory will remain favorable, and SFIX stock will stay in rally mode. Advanced Micro Devices (AMD)Source: Shutterstock YTD Return: 70%The best performing stock in the S&P 500 last year was Advanced Micro Devices (NASDAQ:AMD), and the out-performance was all because the relatively small CPU and GPU maker was stealing market share from the far bigger Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA). Investors were concerned that this market share expansion would not persist in 2019, so AMD stock traded lower into the end of 2018.But, AMD stock has risen another 70% in 2019 because the company's market share expansion narrative remains as vigorous as ever. The company continues to beat competitors to market with next-gen chips. At the same time, competitors are struggling with supply shortages. This combination has led to AMD continuing to win share, which has led to AMD stock running higher. * 4 Antitrust Tech Stocks to Keep an Eye On Can this dark horse stock keep running? Yes, but at a more moderate pace. The current outlook is for AMD to keep stealing share from Intel and Nvidia for the foreseeable future. This will power healthy revenue, margin, and profit growth. But, a lot of that growth is already priced in, as AMD stock is significantly more expensive than both Intel stock and Nvidia stock. As such, while the trends here will remain favorable going forward, the uptrend in AMD stock will likely slow. Wayfair (W)Source: Shutterstock YTD Return: 70%Hyper-growth furniture e-retail giant Wayfair (NYSE:W) has never had a problem with top-line growth. Top-line growth rates have always been very big here. Instead, the problem has consistently been with margins, which have remained stubbornly low for a long time despite increased scale. Those depressed margins got more depressed in late 2018, and as they fell, so did Wayfair stock.But, Wayfair stock has staged a huge turnaround in 2019 as top-line growth rates have remained impressive, and margins have started to show signs of improvement. Year-to-date, Wayfair stock is up 70%.How much higher can Wayfair stock go? In the near term, not much higher. The long-term growth narrative here is promising, however. Furniture e-retail is under-penetrated relative to other e-retail segments, and Wayfair is the leader in this under-penetrated yet rapidly growing market. Margins will scale over time, and the company will one day produce sizable profits. But, the valuation already reflects all this growth, and then some. As such, the stock needs to take a breather here around $150. Cronos (CRON)Source: Shutterstock YTD Return: 50%It might be weird to find any marijuana name on a list of dark horse stocks. Pot stocks were all the craze in mid-2018. But as the economy slowed and the legal Canadian cannabis market got off to a rough start thanks to supply shortages, pot stocks dropped big in late 2018. Canadian cannabis producer Cronos (NASDAQ:CRON) was no exception. CRON stock fell from $14 in mid-2018, to $7 in late 2018.But the stock has staged a huge turnaround in 2019 thanks to three things: the global economy has stabilized, the Canadian cannabis market has found its footing, and Cronos scored a huge near $2 billion investment from tobacco giant Altria (NYSE:MO). In response to all that good news, CRON stock has risen 50% in 2019. * 9 Hot Stocks to Buy Now Will renewed strength in CRON stock persist? Probably not. Cronos is the smallest of the well known Canadian cannabis producers in terms of volume of cannabis sold last quarter. But, the company has one of the largest market caps in the group, because of the Altria investment. In other words, investors expect the Altria investment to supercharge growth and allow Cronos to expand. Now, Cronos needs to deliver on those expectations. If they don't, the stock could crater. If they do, well, it's already priced in. As such, the risk-reward here doesn't look great at the current moment. Axon (AAXN)Source: Shutterstock YTD Return: 55%Last, but not least, on this list of dark horse stocks that have run higher in 2019 is law enforcement technology solutions provider Axon (NASDAQ:AAXN). This company has pivoted from selling tasers to selling a suit of cloud-hosted technology solutions to law enforcement communities around the world. As it has, the company's growth trajectory has improved meaningfully, and AAXN stock has shot higher. But, that growth trajectory hit some turbulence in late 2018 as growth slowed. Investors weren't impressed. AAXN stock dropped from $75 to $40 in late 2018.Growth has picked back up in 2019. AAXN stock has consequently rebounded in a big way, rallying more than 50% over the past five months.How much higher can Axon stock go? The rally may be over. For now. In the big picture, the growth narrative here is really good. The law enforcement world desperately needs a tech makeover. Axon is giving it a tech makeover. There's hardly any competition, because Axon has either acquired or squashed everyone else in this space. Also, the cloud-hosted solutions pivot means higher margins at scale, so not only is this a big revenue growth story, but it's also a big profit growth story, too.Having said all that, the stock is already priced for all that growth, and further upside is hard to justified, even under optimistic long term growth assumptions.As of this writing, Luke Lango was long ROKU, SFIX, NFLX, CHGG, and INTC. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post 7 Dark Horse Stocks Winning the Race in 2019 appeared first on InvestorPlace.
The figures also illustrate the dominance of the capital’s appeal: despite cities like Cambridge, Bristol and Edinburgh all being home to top scientific universities and notable tech firms, London captured four fifths of Britain’s total 3.17 billion pounds of technology VC funding for the year so far. The investment statistics were compiled by the data firm Pitchbook, and are to be published in full on Monday by London & Partners on the same morning Prime Minister Theresa May is expected to announce 153 million pounds of new funding for U.K. tech companies, with a particular focus on supporting businesses working in the field of quantum computing. “If we are going to maintain our position as a global leader, our challenge is how we develop British tech and make it even better,” May is expected to say at an event in London on Monday.
Shares of Snap Inc (NYSE: SNAP) are up 17.7 percent over the past week after analysts praised the company for making major strides on its user growth. The stock traded higher by another 1.1 percent on Friday, but some unusually large option trade on Friday morning could suggest a trader with deep pockets believes Snap stock has risen too far too fast. On Friday morning, Benzinga Pro subscribers received three options alerts related to Snap.
U.S. stock futures are trading higher this morning as buyers attempt to extend the market rally for a fifth consecutive day.Heading into the open, futures on the Dow Jones Industrial Average are up 0.25%, and S&P 500 futures are higher by 0.33%. Nasdaq-100 futures have added 0.52%.In the options pits, calls continued to dominate the landscape while overall volume settled near average levels. By day's end, some 16.8 million calls and 15.4 million puts changed hands.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOver at the CBOE the single-session equity put/call volume ratio inched higher to 0.66. Meanwhile, the 10-day moving average remained near 0.70.Options traders swarmed in the following stocks. Snap (NYSE:SNAP) soared on an upgrade by Pivotal Research. Beyond Meat (NASDAQ:BYND) reported its first earnings announcement as a public company and is exploding 26% higher. Finally, Advanced Micro Devices (NASDAQ:AMD) jumped 8% after scoring an upgrade from Morgan Stanley (NYSE:MS). * The 10 Best Stocks for 2019 -- So Far Let's take a closer look: Snap (SNAP)This recovery in Snap shares went into overdrive this week. We highlighted the rousing breakout on Wednesday, but the buying binge isn't over. Yesterday, the social media company added another 6.8% to its share price after an analyst upgrade at Pivotal Research. The firm changed their rating to buy from hold and boosted SNAP's price target to $17.25 from $13.25, citing "increasing signs of momentum in the business."Trading volumes shot through the roof with over 57.5 million shares changing hands. It marks the most active trading session for SNAP stock since April's earnings release. Its price trend is now a thing of beauty. With this week's breakout, Snap shares now sit above a rising 20-day and 50-day moving average. The 200-day is starting to flatten out but needs some time yet before reversing higher.On the options trading front, traders went cuckoo for call options. Activity zoomed to 374% of the average daily volume, with 267,179 total contracts traded; 70% of the trading came from call options alone.Implied volatility held steady at 56% or the 29th percentile of its one-year range. Premiums are pricing in daily moves of 49 cents or 3.5%. Beyond Meat (BYND)Traders bidding Beyond Meat shares to the moon after last month's IPO finally got a peek at their earnings to see if all the gains were justified.It turns out they were, and then some.For the first quarter, the company reported a net loss of $6.6 million. On an adjusted basis that translates into 14 cents per share. Revenue jumped by 215% compared to last year's first quarter, reaching $40.2 million. Analysts were expecting $38.9 million according to Refinitiv.BYND stock is trading up 25% to a new record high in premarket trading.On the options trading front, calls slightly outpaced puts ahead of the report. Total activity jumped to 272% of the average daily volume, with 132,707 contracts traded. Calls accounted for 53% of the trading.Options were only pricing in a move of $11.67, so the monster $24.42 gap blew expectations out of the water. Chalk this up as a massive win for volatility buyers ahead of the event. Advanced Micro Devices (AMD)Advanced Micro Devices remains a mainstay atop the options leaderboard. The reason for Thursday's inclusion is obvious -- the stock exploded, gaining 7.9%. Shareholders with profit-filled pockets can thank Morgan Stanley (NYSE:MS) for the gift. The investment bank finally changed their negative tune on AMD, upgrading their rating from underweight to equal weight. They also finally lifted their price target from $17 to $28. Nevermind that AMD stock had already made the move (and then some)! * 7 Best ETFs for a Well-Balanced Portfolio The price chart of Advanced Micro Devices is a dream. For all of 2019, it's toed the bullish line, providing profits to all dip buyers and breakout chasers. The next stop is its record high of $34.14 and beyond.On the options trading front, traders came after calls with a vengeance. Activity climbed to 266% of the average daily volume, with 745,140 total contracts traded. Calls claimed 65% of the session's sum.The increased demand drove implied volatility slightly higher on the day to 56%, placing it at the 31st percentile of its one-year range. The expected daily move is $1.13 or 3.6%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post Friday's Vital Data: Snap, Beyond Meat and Advanced Micro Devices appeared first on InvestorPlace.
It wasn't clear they were ready to make it happen early in the day, but as Thursday's closing bell neared, the bulls went to work. The S&P 500's 0.61% gain yesterday marks the third straight daily advance, and although it took shape on weakening volume, stocks are at least further away from immediate danger.Source: Allan Ajifo via Wikimedia (Modified)Advanced Micro Devices (NASDAQ:AMD) and Snap (NYSE:SNAP) did more than their fair share of the heavy lifting. The computer hardware company's stock jumped nearly 8% after Morgan Stanley finally reversed its long-standing bearish view, while shares of Snapchat's parent popped almost 7% in response to an upgrade from Pivotal Research's analyst Michael Levine. Levine says the company has "turned the corner" on user growth.At the other end of the spectrum, China's electric carmaker Nio (NYSE:NIO) saw its stock fall more than 6% on Thursday, unable to hold onto Wednesday's gain that indicated strong deliveries for May.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Could Be Takeover Targets None of those names are particularly great trading prospects as we move into the final day of the week. Rather, take a look at stock charts of AT&T (NYSE:T), KeyCorp (NYSE:KEY) and Metlife (NYSE:MET). Here's why. Metlife (MET)In mid-April we pointed out Metlife shares were knocking on the door of a breakout effort. A horizontal ceiling at $46.30. If it could be hurdled, the bulls would have a much easier time pushing it even higher.Although not straightaway, that happened. After peeling back in late April, the bulls pushed off the 50-day moving average line to blast past $46.30 in early May. Since then, a new horizontal range has developed, though MET stock is about to punch through it as well. That could really open the floodgates to more buying. Click to Enlarge * The line to watch from here is $48.80. Plotted in blue on both stock charts, that's where Metlife ran into trouble a couple of times last year, and near where it has been capped since last month. * Working against more upside is Tuesday's bullish gap; it may need to be filled in before moving ahead. * Also note that all four key moving average lines are now sloped upward, indicating a bullish undertow in multiple timeframes … one of the telltale clues that any trend is healthy. AT&T (T)The last time we looked at AT&T back on April 2, the stock had just broken above a long-standing resistance line at the same time it popped above its key 200-day moving average. Although far from assurance that higher highs awaited, it was the best evidence of gains we'd seen in years.Things have remained choppy in the meantime, though progressive. We've seen higher highs and higher lows, solidifying the turnaround effort. Although more up and down is likely, T shares are one good "oomph" away from breaking all the way out of a downtrend and back into rally mode. Click to Enlarge * Since April, a near-term technical floor has materialized, plotted in blue on both stock charts. The current effort is the result of pushing up and off of that floor. * Also, since that last look, the purple 50-day moving average line has crossed above the white 200-day line … a so-called "golden cross" that portends bigger-picture bullishness. * A break above the technical ceiling around $32.50, plotted in red on both stock charts, will likely put the long-term weakness out of sight and out of mind. KeyCorp (KEY)KeyCorp has been run through the same basic wringer as most other bank stocks have of late. That is, an ugly December, a great January, a so-so February, a tough March followed by a great April, leading into a setback in May. June is still up in the air.There has been far more structure to the ebb and flow KEY stock has been through recently than there has been for other banking stocks. The end result is a well-defined converting wedge pattern that's putting KeyCorp in good position for a breakout thrust. The big ceiling ahead is indeed a BIG ceiling. Click to Enlarge * The current advance is the result of a push up and off the floor that has tagged all the key lows since December, plotted in blue on both stock charts. * The upper boundary of the wedge shape is plotted in yellow on both stock charts, lining up the major highs, but also lining up with the 200-day moving average line plotted in white on both charts. * Although it wouldn't take shape until after several days following a move above the 200-day moving average line, all the other moving average lines are on an intercept course for the 200-day line, which would bolster bullishness.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 3 Big Stock Charts for Friday: AT&T, Metlife and KeyCorp appeared first on InvestorPlace.
Barnes & Noble, Facebook, AT&T, Snapchat and Amazon are the companies to watch.
Bulls are doing a great job at extending this bounce. After a strong "Turnaround Tuesday," they pushed stocks higher on Wednesday and are keeping the markets elevated on Thursday. It gives us a tricky set-up going into Friday -- especially with the non-farm payrolls report coming out before the open. Let's look at some top stock trades ahead of it. Top Stock Trades for Tomorrow 1: Snap Click to EnlargeShares of Snap (NYSE:SNAP) are moving higher on the day, climbing over 8%. Shares are quickly up about 40% from its lows last month and breaking out over long-term downtrend resistance (blue line).InvestorPlace - Stock Market News, Stock Advice & Trading TipsJust over $14 is the long-term 61.8% retracement. If this level acts as resistance, we have to let Snap digest some of this rally. As long as it holds the backside of prior downtrend support and the 10-week moving average though, it's still okay. * The 10 Best Stocks for 2019 -- So Far Over $14.22 and it could spark an every larger rally, with the eventual target being $17. This is Snap's IPO price, while at $17.12 is the 50% retracement. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeShares of Tesla (NASDAQ:TSLA) are finally fetching a bid, after a big-time breakdown that InvestorPlace readers saw coming. The stock bounced hard off the $180 level and has actually found itself back over $200.Now things get tricky. If you're a trader and were long off that $180-ish test, it may be time to book some profits or at the very least, raise stops.The stock filled last month's gap and is coming into the backside of prior channel support. If this level acts as resistance, Tesla stock could retreat. For bulls to gain any lasting momentum, TSLA needs to clear this mark as well as the 10-week moving average. Top Stock Trades for Tomorrow 3: Glu Mobile Click to EnlargeShares of Glu Mobile (NASDAQ:GLUU) are sinking Thursday, falling over 8% in the session.The selling pressure has been strong in this one, with long-term uptrend support giving away last month. Now shares are below $8 -- resistance in 2018 and support in 2019 -- and the 50-week moving average. The stock also lost the 61.8% retracement for the one-year range.So now what? From a trading perspective, I would consider GLUU a no-touch for me. At least until it finds its footing. If it does, see how it does on a retest of these key areas, mainly between $7.50 and $8. Top Stock Trades for Tomorrow 4: MongoDB Click to EnlargeShares of MongoDB (NASDAQ:MDB) initially sold off and looked to be breaking down after the company reported earnings. The stock broke below the 20-day and 50-day moving averages in morning trade before reclaiming them later in the session. It also broke yesterday's lows and reclaimed them as well.Those were bullish signs for short-term and day traders. But what about the swing trader or swing investor?The stock holding $145 is a good start, but clearing $150 is better. North of that and MDB can challenge new highs near $155 and look to breakout even further.Below the 50-day moving average, and uptrend support (purple line) is on the table. If that fails to buoy MDB, then the backside of prior downtrend resistance (blue line) is possible. Should both marks fail, a gap fill down to $105 is technically possible. Top Stock Trades for Tomorrow 5: At Home Group Click to EnlargeYikes. Of all the ugly moves we've seen over the past month, At Home Group (NYSE:HOME) is up there with the worst of them. Down 56% on the day and there's not many positives on this chart.The stock blew right through uptrend support (blue line), range support at $16 and its prior lows from 2016 at near $10. This one is definitely a no-touch for me. Don't be a hero. There are much better trades out there, even of the "dumpster dive" variety. * 10 Stocks to Buy That Could Be Takeover Targets Should this one snap-back any time soon, see how does with a retest of its prior lows.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post 5 Top Stock Trades for Friday: SNAP, TSLA, HOME appeared first on InvestorPlace.
Snap (NYSE:SNAP) stock has had a great week so far. It's up 30% off the May dip in spite of this Monday's tech wreck. The week started with a FANGgeddon where stocks like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and FB (NASDAQ:FB) fell more than 6%.Snap held up better than the FANG gang and spiked 10% on turnaround Tuesday. It also held its own on Wednesday. Year-to-date, the stock is up 145%, so clearly Wall Street is loving what they see in SNAP this year.This is a massive reversal of fortune from how it traded last year all the way down to $5 per share. Often, extremes are wrong and markets have their way to correct them by migrating back to the mean. Somewhere in the middle almost always lies the truth. If that's the case then SNAP stock should be closer to $17 per share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut before you label me a perma-bull on SNAP, I can assure that I am not. I don't like their fundamentals, but for this trade I set my feelings aside and focus on the facts.Case in point -- I shared two trade setups on SNAP in April. The first was to short it and the second was to buy the dip. They both were profitable. Today's Idea in SNAP StockToday's trade setup is purely based on the technical potential that still exist in Snapchat stock. But first let's get the fundamentals out of the way. This is an expensive stock, as it still loses money and sells at 15 times sales. Clearly the onus is on management to show that they can actually deliver on their promises in the long term. * 10 Stocks to Buy That Could Be Takeover Targets The opportunity today is independent of these fundamentals. This is a case where I see multiple patterns from different time frames coming together in one area. The result is the start of this huge rally. If I am correct, then the move should target $20 per share. I know this sounds ridiculous, but sometimes the charts provide us clarity. They show us what's possible regardless of our feelings.Luckily, this is a low-ticket stock, so the actual dollars at risk are not huge. This is a tactical trade, so I can buy the shares and set a tight stop below to limit the damage if I am wrong. There are two short-term pivot zones at $12.20 and $11.50 per share.Furthermore those who know options can use dozens of strategies to capture this potential rally. These are usually cheaper and deliver a bigger bang for the buck if the move happens.For example, I can sell a bull put spread below current levels so I don't even need a rally to profit. Or I can buy a cheap July call or spread. Either way, it will be a small risk for a substantial profit.Actually doing both makes it a free trade. Because the net results is a credit. So any premium I recover from selling the calls would be incremental profits. The only way I could lose using these option trades would be if SNAP stock falls below $10.It is important to note that we still have extremely high geopolitical risk. We are in full-blown headline trading mode, so surprise bombshells from politicians can ruin the best of setups. I make sure to size my risk accordingly.But in the absence of headlines, the macroeconomic condition still favor the bullish thesis. In other words, if we have no headlines, most likely the indices will be rising not falling. And if the stock markets are rallying, I bet that Snapchat stock is also rising.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post Even at $13 Per Share, SNAP Stock Still Has Room to Run appeared first on InvestorPlace.
Shares of Snap Inc. jumped on Thursday afternoon after Pivotal Research said that the company had “turned the corner” on a key metric.
Pivotal Research Group analyst Michael Levine raised his rating on Snap Inc. to buy from hold on Thursday, writing that he doesn't want to miss "the inflection point in the business." Levine argued that Snap's user growth has "prospectively turned the corner" following the broad launch of the company's redesigned Snapchat app. "Less appreciated based on our industry checks, we think the latest launch of lenses is among some of the most impressive product innovation we have seen in some time from the company," he wrote. "If we are right on our top-line and user conclusions, it will be happening on the backdrop of a much more rationalized cost structure." Levine raised his target price on the shares to $17.25 from $13.25. The stock is up 5% in Thursday trading and it's gained 146% so far this year. The S&P 500 has risen 13% in that time.