|Bid||19.08 x 900|
|Ask||19.11 x 1000|
|Day's Range||18.76 - 19.29|
|52 Week Range||5.87 - 19.29|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Pinterest has surpassed Snapchat in popularity among U.S. users, according to a new eMarketer report. Yahoo Finance’s Dan Roberts joins Seana Smith on The Ticker to discuss.
Snap is the IBD Stock Of The Day, as the social media company and owner of Snapchat broke out to a one-year high and moved into a buy zone. Snap also was upgraded to buy.
Business momentum is here to stay for Snapchat parent Snap, but 2020 will bring headwinds for Twitter, analysts say.
Although shares of Snap Inc (NYSE: SNAP ) have appreciated by 21% over the past month, the company’s prospects for revenue growth and margin expansion appear underappreciated, according to UBS. The Snap ...
Snap stock has recovered sharply from a steep decline that began the day after its initial public offering in 2017. A series of product upgrades and features is driving new growth.
Shares of Pinterest Inc. have had a strong week, rising 17% over the past three trading sessions, and the rally looks poised to continue after an upgrade to overweight from equal weight by Wells Fargo analyst Brian Fitzgerald. The stock is up more than 4% in premarket trading Friday. "Shares have materially underperformed the broader market since the company's April 2019 IPO, despite our view that the company's fundamentals remain on solid footing, as Pinterest has delivered generally solid results, handily exceeding pre-IPO targets with healthy audience and engagement growth, strong revenue growth and solid progress toward profitability," he wrote. He sees several catalysts down the road, including greater engagement stemming from more video on the platform, improvements in monetization on the heels of ad-tech upgrades, and better international monetization as the company invests in an overseas sales force. Fitzgerald said that Pinterest's average revenue per user in the U.S. was 22.5 times what it was internationally in the third quarter, compared to 3.6 times for Snap Inc. , 4.6 times for Twitter Inc. , and 6.9 times for Facebook Inc. . He upped his price target to $30 from $28. Pinterest shares have risen 26% over the past month, but they're off 12% over three months. The S&P 500 has climbed 4% over one month and 11% over three.
Snap Inc. shares rose 3% in premarket trade Friday, after UBS upgraded the stock to buy from neutral and said it expects positive business momentum to continue into 2020 and beyond. Analysts led by Eric Sheridan raised their stock price target to $24 from $16, equal to 32% upside from its current price. "While the stock is up 21% over the past month and certainly not a contrarian idea to upgrade at these levels, we see a renewed mgmt team focused on driving a mix of user growth (especially the Android refresh) and ad monetization that could produce multi-year revenue growth even above our newly raised forecasts," the positive picture of U.S. internet users, suggesting strong growth in usage and ad conversion, said the note. At the same time, industry data is showing solid momentum for ad budget allocation and potential tailwinds for pricing on Snap's snapchat platform over the medium term. Snap shares have gained 128% in the last 12 months, while the S&P 500 has gained 26%.
Pinterest (PINS) becomes the third largest social media network, surpassing Snapchat, per a recently released eMarketer Report. The report predicts Pinterest's user growth to continue in 2020.
A new calendar year doesn't always mean a fresh start. But when it comes to three of 2019's more painful investments, well-built technical bottoms and out-the-gate momentum in January are favoring turnarounds that become full-fledged, bullish momentum stocks in 2020. Let me explain.I've said it before and it bears repeating, every dog has its day. In the markets this is akin to down and out stocks, which unexpectedly surprise investors with a jump in share price. But not every doggish stock is bound to be sent back into the proverbial dog house. Some will go on to become momentum stocks.As discussed earlier this month at InvestorPlace.com, rotations into underappreciated or even vilified stocks can turn into massive opportunities as overly bearish sentiment and price action turn aggressively around. Often these disruptive shifts in investment behavior occur early in the calendar year. If for no other reason this phenomenon can be tied to institutional investors who can move more freely into last year's dogs without having to defend a stock with fleas to stakeholders at year-end.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 Having said that, Beyond Meat (NASDAQ:BYND), Pinterest (NYSE:PINS) and Grayscale Bitcoin Trust (OTCMKTS:GBTC) are three investment vehicles that demonstrate potential as momentum stocks in 2020. Momentum Stocks to Buy: Beyond Meat (BYND) Source: Charts by TradingViewAfter getting scorched in 2019 faux-meat producer Beyond Meat has quickly become a sizzling investment with Wall Street. Shares are up roughly 50% in just over a handful of trading days in 2020's early going. The catalyst? The initial headline driver was privately held rival Impossible Foods was throwing in the towel on its bid to land a spot on the McDonald's (NYSE:MCD) menu. And that leaves the door wide open for BYND stock.Technically speaking and aside from the huge gain in share value, BYND stock has firmly broken price resistance formed during the construction of a key lateral congestion pattern.BYND Stock Strategy: Our recent recommended strategy nailed a huge win in this momentum stock. But while resistance has been overcome, BYND stock is also incredibly volatile and overbought near term. My advice, put shares on the radar for purchase in-between $95 - $105 as part of a married put or collar options-based position. Pinterest (PINS) Source: Charts by TradingViewPinterest is the next of our momentum stocks to buy. When all was said in done in 2019, the popular web-based visual discovery platform saw shares cut in half from their highs and modestly below their IPO stock price of $19. But now investors might be smart to recognize what a difference a day can make.In truth, shares were already on the move out-the-gate in 2020. But Tuesday's near-10% gain has shares looking like a bonafide momentum stock. The headline driver was a report PINS stock has overtaken Snap (NYSE:SNAP) in users and only trailing social media giant Facebook (NASDAQ:FB) and the company's Instagram app.Technically, PINS stock has confirmed December's bottoming hammer candlestick formed around the 1.27% extension level and begun a move into a large gap area. This could produce a vacuum-like sweeping of shares higher before an eventual pullback. * 7 Socially Responsible ETFs to Buy in 2020 PINS Stock Strategy: This momentum stock can be bought today in anticipation of the price gap being filled. On a challenge of the $25 area, I'd recommend buying a protective put on the cheap and leave the upside open-ended until after earnings in February. Grayscale Bitcoin Trust (GBTC) Source: Charts by TradingViewThe Grayscale Bitcoin Trust is the last of our momentum stocks to buy. GBTC stock is a listed trust tied to the cryptocurrency market's largest play. Investors pay a premium versus owning the actual contract. However, due to the transparency of listed OTC securities, as well as the product's strong liquidity, I believe this is a more suitable way for most investors to gain exposure.Any investor with even a passing interest in the markets has heard of bitcoin's dazzling run and equally impressive crash over the past couple years. But if there's one game-changing technology in the market right now, the cryptocurrency space would definitely deserve to be in that conversation. And right now there's reason to see another bullish cycle emerging and GBTC's status as a momentum stock back in action.Technically, shares of GBTC have formed and confirmed a bullish higher low pattern between the 62% and 76% Fibonacci levels on the monthly chart. With GBTC up roughly 22.50% in January, it's fair to say this is a momentum stock opportunity. Yet another glance at the big picture also strongly suggests bitcoin is just now turning the corner for bullish investors.GBTC Stock Strategy: Buy this momentum stock today. But don't go all in. I'd recommend adding if confirmation of the rally is backed by a bullish crossover from GBTC stock's monthly stochastics. Use the recent low for exiting if needed and stand ready to take partial profits at the 2019 high near $17.50.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Beyond Meat (BYND) and Bitcoin (GBTC) securities, but no other investments mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Up-and-Coming Small-Cap Stocks to Watch * 7 Energy Stocks to Buy on the Resurgence of the Oil Boom * 3 Standout Oil Services Stocks to Buy The post 3 Momentum Stocks to Consider for 2020 appeared first on InvestorPlace.
Google getting rid of cookies and acquiring Pointy, Amazon's Bezos visiting India and lending money to UK's Deliveroo, Intel's new CIO and other stories are covered in this daily take.
The global market for AR is expected to see a compounded annual growth rate of 152% between 2019 and 2024. So, if you are interested in tapping this opportunity, here're your best AR stocks.
(Bloomberg) -- Pinterest Inc. shares rose as much as 13% on Tuesday after a report showed it beat out Snap Inc.’s Snapchat to become the third-biggest social media platform in the U.S.Pinterest had an estimated 82.4 million U.S. users in 2019, a 7.4% gain from the previous year, while Snapchat had 80.2 million users, data tracker eMarketer estimated. Pinterest’s U.S. users are projected to rise 4.4% to 86 million in 2020, the firm said. Facebook and Instagram, both owned by Facebook Inc., hold the top two positions.“While Snapchat has a young core audience that it caters to, Pinterest has a more universal appeal, and it’s made significant gains in a wide range of age groups,” analyst Nazmul Islam said in the report.Pinterest makes the bulk of its revenue from U.S. users and is in the early stages of efforts to boost international ad sales. The stock still hasn’t recovered from losses after a third-quarter revenue miss led to a 17% plunge in November.While some analysts say the company’s third-quarter earnings results hint at saturation in its U.S. market, bulls say the stock remains attractive as it continues to develop its advertisement offerings.Wall Street’s expectations for Pinterest’s fourth-quarter financial results “are reasonable” and user survey results revealed positive trends, RBC Capital Markets analyst Mark Mahaney said in a research note late Monday. The results are due in mid-February.To contact the reporter on this story: Andres Guerra Luz in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Jeran WittensteinFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Shares of Pinterest Inc. are up 9.8% in Tuesday morning trading after a report from eMarketer said that the service is now the No. 3 social-media platform in the U.S., beating out Snap Inc. . Pinterest had 82.4 million users in 2019, according to eMarketer estimates, compared with 80.2 million for Snap. The report predicts that Pinterest will maintain its edge extending into 2022. Pinterest lagged Snap in terms of eMarketer's user estimates in 2018. The estimates look at users of any age who visit the services once a month. For Pinterest, eMarketer looks at interest users who access their accounts on any devices and for Snapchat it looks at those who visit from the mobile app. Representatives from Pinterest and Snap didn't immediately respond to MarketWatch's request for comment. Pinterest shares have gained 23% over the past month, as the S&P 500 has risen 3.7%.