72.55 -0.10 (-0.14%)
After hours: 7:58PM EDT
|Bid||72.50 x 800|
|Ask||72.65 x 1000|
|Day's Range||72.01 - 73.50|
|52 Week Range||45.60 - 101.15|
|Beta (3Y Monthly)||3.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||83.33|
The common shares of unicorns are systematically undervalued relative to their preferred shares up to the IPO date, when the prices of both classes converge. For example, common shares of Uber Technologies (UBER) were sold to a private equity fund in 2015 at a 25% discount to the valuation of its preferred shares in a round just before that sale. Why this disparity? The pre-IPO prices of preferred shares issued by unicorns are relatively high because they provide important rights not enjoyed by common shareholders.
Lattice Semiconductor's (LSCC) first-quarter 2019 results are likely to benefit from end-market momentum. However, macroeconomic headwinds remain concerns.
Alphabet's (GOOGL) focus on artificial intelligence and cloud is likely to boost first-quarter results. However, higher expenses and litigation charges are headwinds.
Shopify (SHOP) first-quarter results are likely to benefit from increasing merchant-friendly initiatives aimed at expanding merchant base globally.
Square (SQ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
eBay (EBAY) reports impressive first-quarter results on the back of strong GMV growth, advertising revenues and solid cost-cut efforts.
The last time I wrote about Square (NYSE:SQ) was in March when I named Square stock one of the best dual-class stocks to own for the long haul.Source: Chris Harrison via Flickr (Modified)It wasn't a story about how great a company Square is but rather an observation that CEO Jack Dorsey made an excellent call creating a dual-class share structure so that he could keep an eye on the company as its payments processing business grew in stature. From a financial perspective, it was a wise move. Now it seems that Square wants to take a little market share from Shopify (NYSE:SHOP) and the rest of the players providing online ecommerce platforms for small, medium, and large businesses around the world.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt I don't know how successful Square's going to be in this area, but if it achieves as much as it has in the rest of its business, Square stock is likely headed to $100 and beyond. Here's why. Expanded Omnichannel and Square StockOn March 20, Square announced tweaks to two of its key products, Square Online Store and Square for Retail, which are by-products of its Weebly acquisition in 2018. "It's crucial that sellers are able to reach their buyers on any channel, whether in person, online, or in apps," said David Rusenko, head of eCommerce at Square. "With the new Square Online Store, we're excited to integrate Weebly technology and bring the Square omnichannel experience to everything from retail businesses to restaurants."People who follow the ecommerce game know that Square hasn't been a leader in this area, opting to focus on its customers' in-store experience, and that's delivered plenty of business. But now it realizes that given the growth of omnichannel retail, it has to provide an ecommerce platform that meets the high expectations its hardware and software products already have provided for its managed payment solutions business, the backbone of the Square ecosystem."Square is quite behind in eCommerce - this new offering will start to help close that gap," MoffettNathanson senior research analyst Lisa Ellis told Retail Dive in an email.It's clear that Square is firing a shot across the bow of Shopify and Magenta, the two most prominent players in ecommerce platforms for small- and medium-sized businesses. RevTrax CEO Jonathan Treiber told Retail Dive in March that if Square "offers the platform for free and just charges for payments, [making] merchant adoption and switching much less costly," it's got a real shot at taking some of Shopify's customers. Square Stock and EarningsSquare announces its Q1 2019 results on May 1 after the markets close. Analysts expect it to earn $0.08 a share, 33% higher than in Q1 2018. In 2019, Square expects annual revenue of at least $4.35 billion with adjusted earnings per share between $0.74 and $0.78. That's 57% growth on the bottom line and 32% on the top line. A big achievement in 2018 was the launch of its Square Card, a free business debit card that allows its sellers to separate business and personal expenses, a big help when it comes to tax time. Also, Square Cardholders get a 2.75% discount when making purchases from other Square sellers. On the subscription and services-based revenue front, Square grew this segment of its business by 134% to $591.7 million or 18% of its overall revenue, up almost 700 basis points from 2017The company's got three goals moving forward: omnichannel commerce, financial services, and growing its current international markets. In the fourth quarter, revenue from products launched in the last five years accounted for 37% of overall revenue, up from 22% a year earlier. Expect it to continue to deliver new products to drive all three of these areas, most notably in the omnichannel arena. The Bottom Line on Square StockLate to the party, Square is sure to do what it takes to stick around for many years to come. That said, I'm sure there are a lot of Shopify believers that scoff at the idea that Square can compete when it comes to e-commerce. Ultimately, they might be proven right. But for now, Square is doing the sensible thing and providing its customers with a better ecommerce platform than it had before acquiring Weebly. Given its ability to push the innovation needle and sales from those new products, I like its chances. 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 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Keep an Eye on Square Stock as Things with Shopify Heat Up appeared first on InvestorPlace.
Several at the meeting reportedly asked to leave after making outburst that included calling the bank's executives “frauds” and “criminals.”
GrubHub's (GRUB) first-quarter 2019 earnings are likely to benefit from the rapidly growing active diner base amid intensifying competition.
PayPal's (PYPL) first-quarter 2019 results are likely to be driven by robust Venmo and One Touch. Further, the Braintree buyout is expected to contribute.
Square, the payments company helmed by Jack Dorsey, has put its Terminal device in the hands of more than half the roving concessionaires in Washington Nationals ballpark in Washington, D.C.
Square (SQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Minnesota’s first black-led credit union is partnering with Square to bring financial education and technology to North Minneapolis.
Although this year the stock market sentiment is in a much better state, the banks still have their reputation that they cannot hold their rallies. But therein lies part of the opportunity in American Express (NYSE:AXP) stock today.Source: Marcus Quigmire Via FlickrThis round of bank earnings has so far gone much better than the last one. There is some chatter about a sustainable rally in their stocks. On Tuesday we even saw a flip from red to green in stocks like Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM).This hasn't happened in a while, so perhaps the trend that banks can't hold their greens is dying. If so then this will provide a lift to AXP stock as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, transaction companies like AXP, Visa (NYSE:V), MasterCard (NYSE:MA) and Square (NYSE:SQ) rally in sympathy with money center banks. So if the Financial Select Sector SPDR Fund (NYSEARCA:XLF) rallies then so will the transactors like AXP.In addition, AXP is an excellent financial stock that has proven over the years that they can manage through adversity. Case in point was the debacle over losing the Costco (NASDAQ:COST) account. The stock suffered for a while but has since set new all-time highs.I was lucky to ride the last mega breakout in AXP from the December lows. American Express rallied over 25% so today I am trying to catch the next opportunity. Usually, I consider these technical opportunities tactical trades but this one doubles as a long term conviction investment. This is a stock I want to own for the long term. * 10 Best Stocks to Buy and Hold Forever The reaction this morning is slightly negative from the earnings. Management reported a boring quarter where they barely beat the bottom line and narrowly missed sales. The forward guidance was in line so they gave traders nothing to cheer. So AXP will move in line with the overall equity market for now.So if this rally in stocks continues, then AXP stock has the opportunity to break out from $114.40 to target another $10 run from there. There will be resistance there but if the bulls can close above it then the bears will be tired so the stock will overshoot higher.The macroeconomic condition still favors the bullish thesis. We do have threats from lingering headlines of tariff wars. But as we approach another round of elections means that those deals will happen so we go back to trading the profit and loss statements rather than headlines.Most importantly, the threat from the Federal Reserve inverting the curve has disappeared. They have affirmed that they won't cause the short term rates rise above the long term rates so this relives fears for banks. The steeper the curve the better are their profits.For American Express stock, the short term price action from the earnings headline is meaningless for the long term. All global transactions will be electronic so the demand on their services will continue to increase. There are only but a few companies that serve this market and they are a global household name. So they are well set to continue to prosper for years.Then there is the China market opportunity. The U.S. and China are nearing a deal where companies like AXP could have a new opportunity become available in the largest market on the planet.The short term technical threat for AXP stock is at $108 per share. If the bears push price below it they could target $102 per share. This is not a forecast but it is a scenario that could unfold in the next few weeks. But even then, this won't change the overall opportunity for the long term.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. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Why You Should Buy and Hold American Express Stock appeared first on InvestorPlace.
Pinterest’s shares started trading on Thursday with some impressive credentials to buoy them up. The US social network claims half of users shop on its site and that eight out of 10 American mothers have an account on its virtual pinboard. Pinterest looks cute but it has still gone for a very immodest value of 15 times trailing revenue.
HENDERSON, NV / ACCESSWIRE / April 17, 2019 / Blockchain was the tech buzzword investors favored, but according to a new survey reported by Cointelegraph of 1,050 IT, security, and engineering decision makers at $1 billion firms, most of them are now investing in either AI, augmented reality, blockchain, or Internet-of-Things as part of their "digital transformation strategy." Ninety percent said they were investing in at least one of the above technologies as part of their "digital transformation strategy." Of that 90 %, 61 % of respondents claimed their firm invests in blockchain. The company has followed that up this past week announcing it successfully completed testing on their Alpha version of its global mesh network technology platform GopherInsight™, which is the company's IoT component.
Yandex Q1 Preview: Advertising, Cloud, Hardware, and Uber IPO(Continued from Prior Part)Yandex.Money adds multicurrency supportLast month, Yandex (YNDX) announced that it was adding multicurrency support to its Yandex.Money payment platform.
The payments pioneer has seen its shares rally 33% this year. But as the company enters new markets, it’s likely to run up against ‘well-capitalized’ rivals that could prove to be tough competition.