Shutterstock, Inc. (SSTK)
- Benzinga
Benzinga's Top Upgrades, Downgrades For September 29, 2020
Upgrades * Argus Research upgraded the previous rating for Darden Restaurants Inc (NYSE: DRI) from Hold to Buy. For the first quarter, Darden Restaurants had an EPS of $0.56, compared to year-ago quarter EPS of $1.38. At the moment, the stock has a 52-week-high of $124.01 and a 52-week-low of $26.15. Darden Restaurants closed at $100.53 at the end of the last trading period. * According to Stephens & Co., the prior rating for NCR Corp (NYSE: NCR) was changed from Equal-Weight to Overweight. For the second quarter, NCR had an EPS of $0.27, compared to year-ago quarter EPS of $0.76. The current stock performance of NCR shows a 52-week-high of $35.87 and a 52-week-low of $10.55. Moreover, at the end of the last trading period, the closing price was at $20.03. * According to UBS, the prior rating for ONEOK Inc (NYSE: OKE) was changed from Neutral to Buy. For the second quarter, ONEOK had an EPS of $0.32, compared to year-ago quarter EPS of $0.75. The current stock performance of ONEOK shows a 52-week-high of $78.48 and a 52-week-low of $12.16. Moreover, at the end of the last trading period, the closing price was at $26.00. * For Square Inc (NYSE: SQ), Wolfe Research upgraded the previous rating of Peer Perform to the current rating Outperform. In the second quarter, Square showed an EPS of $0.18, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $170.61 and a 52-week-low of $32.33. Square closed at $160.67 at the end of the last trading period. * According to Cowen & Co., the prior rating for RH (NYSE: RH) was changed from Market Perform to Outperform. For the second quarter, RH had an EPS of $4.90, compared to year-ago quarter EPS of $3.20. The stock has a 52-week-high of $410.49 and a 52-week-low of $73.14. At the end of the last trading period, RH closed at $360.86. * According to Independent Research, the prior rating for JPMorgan Chase & Co (NYSE: JPM) was changed from Hold to Buy. In the second quarter, JPMorgan Chase showed an EPS of $1.38, compared to $2.59 from the year-ago quarter. The current stock performance of JPMorgan Chase shows a 52-week-high of $141.10 and a 52-week-low of $76.91. Moreover, at the end of the last trading period, the closing price was at $96.19. * For Extended Stay America Inc (NASDAQ: STAY), B of A Securities upgraded the previous rating of Neutral to the current rating Buy. For the second quarter, Extended Stay America had an EPS of $0.04, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $15.29 and a 52-week-low of $5.35. Extended Stay America closed at $12.31 at the end of the last trading period. * For Core Laboratories NV (NYSE: CLB), ABN Amro upgraded the previous rating of Sell to the current rating Hold. For the second quarter, Core Laboratories had an EPS of $0.14, compared to year-ago quarter EPS of $0.46. The current stock performance of Core Laboratories shows a 52-week-high of $49.22 and a 52-week-low of $6.68. Moreover, at the end of the last trading period, the closing price was at $16.00. * According to Goldman Sachs, the prior rating for The Estee Lauder Companies Inc (NYSE: EL) was changed from Sell to Neutral. In the fourth quarter, Estee Lauder Cos showed an EPS of $0.53, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $224.23 and a 52-week-low of $137.01. Estee Lauder Cos closed at $215.78 at the end of the last trading period. * According to Baird, the prior rating for Franklin Electric Co Inc (NASDAQ: FELE) was changed from Neutral to Outperform. Franklin Electric earned $0.54 in the second quarter, compared to $0.70 in the year-ago quarter. At the moment, the stock has a 52-week-high of $61.49 and a 52-week-low of $41.25. Franklin Electric closed at $58.43 at the end of the last trading period. * BMO Capital upgraded the previous rating for The Hershey Co (NYSE: HSY) from Market Perform to Outperform. For the second quarter, Hershey had an EPS of $1.31, compared to year-ago quarter EPS of $1.31. At the moment, the stock has a 52-week-high of $161.83 and a 52-week-low of $109.88. Hershey closed at $140.31 at the end of the last trading period. * According to JP Morgan, the prior rating for Dominion Energy Inc (NYSE: D) was changed from Neutral to Overweight. Dominion Energy earned $0.82 in the second quarter, compared to $0.77 in the year-ago quarter. The current stock performance of Dominion Energy shows a 52-week-high of $90.89 and a 52-week-low of $57.79. Moreover, at the end of the last trading period, the closing price was at $77.16. Downgrades * According to MKM Partners, the prior rating for WPX Energy Inc (NYSE: WPX) was changed from Buy to Neutral. For the second quarter, WPX Energy had an EPS of $0.12, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $14.43 and a 52-week-low of $1.94. At the end of the last trading period, WPX Energy closed at $5.19. * According to B of A Securities, the prior rating for Host Hotels & Resorts Inc (NYSE: HST) was changed from Neutral to Underperform. In the second quarter, Host Hotels & Resorts showed an EPS of $0.26, compared to $0.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.90 and a 52-week-low of $7.86. Host Hotels & Resorts closed at $10.93 at the end of the last trading period. * According to B of A Securities, the prior rating for Choice Hotels International Inc (NYSE: CHH) was changed from Neutral to Underperform. In the second quarter, Choice Hotels Intl showed an EPS of $0.13, compared to $1.19 from the year-ago quarter. The stock has a 52-week-high of $109.26 and a 52-week-low of $46.25. At the end of the last trading period, Choice Hotels Intl closed at $88.38. Initiations * Craig-Hallum initiated coverage on TTM Technologies Inc (NASDAQ: TTMI) with a Buy rating. The price target for TTM Technologies is set to $15.00. In the second quarter, TTM Technologies showed an EPS of $0.31, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $16.25 and a 52-week-low of $8.06. At the end of the last trading period, TTM Technologies closed at $11.44. * With a current rating of Buy, B of A Securities initiated coverage on Shutterstock Inc (NYSE: SSTK). The price target seems to have been set at $63.00 for Shutterstock. For the second quarter, Shutterstock had an EPS of $0.62, compared to year-ago quarter EPS of $0.33. The current stock performance of Shutterstock shows a 52-week-high of $59.45 and a 52-week-low of $28.76. Moreover, at the end of the last trading period, the closing price was at $51.97. * With a current rating of Buy, BTIG initiated coverage on Penumbra Inc (NYSE: PEN). The price target seems to have been set at $233.00 for Penumbra. In the second quarter, Penumbra showed an EPS of $0.30, compared to $0.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $241.81 and a 52-week-low of $121.80. Penumbra closed at $194.38 at the end of the last trading period. * B of A Securities initiated coverage on Black Knight Inc (NYSE: BKI) with a Buy rating. The price target for Black Knight is set to $97.00. Black Knight earned $0.52 in the second quarter, compared to $0.49 in the year-ago quarter. The current stock performance of Black Knight shows a 52-week-high of $87.31 and a 52-week-low of $50.01. Moreover, at the end of the last trading period, the closing price was at $85.78. * B of A Securities initiated coverage on Axsome Therapeutics Inc (NASDAQ: AXSM) with an Underperform rating. The price target for Axsome Therapeutics is set to $66.00. For the second quarter, Axsome Therapeutics had an EPS of $0.49, compared to year-ago quarter EPS of $0.41. The stock has a 52-week-high of $109.94 and a 52-week-low of $13.64. At the end of the last trading period, Axsome Therapeutics closed at $76.46. * Needham initiated coverage on Stoke Therapeutics Inc (NASDAQ: STOK) with a Buy rating. The price target for Stoke Therapeutics is set to $42.00. For the second quarter, Stoke Therapeutics had an EPS of $0.39, compared to year-ago quarter EPS of $1.54. The stock has a 52-week-high of $37.88 and a 52-week-low of $15.82. At the end of the last trading period, Stoke Therapeutics closed at $34.93. * B. Riley FBR initiated coverage on Crexendo Inc (NASDAQ: CXDO) with a Buy rating. The price target for Crexendo is set to $8.00. Crexendo earned $0.04 in the second quarter, compared to $0.03 in the year-ago quarter. The current stock performance of Crexendo shows a 52-week-high of $12.78 and a 52-week-low of $3.20. Moreover, at the end of the last trading period, the closing price was at $5.84. * For GreenPower Motor Company Inc (NASDAQ: GP), BTIG initiated coverage, by setting the current rating at Buy. The stock has a 52-week-high of $22.75 and a 52-week-low of $9.99. At the end of the last trading period, GreenPower Motor Co closed at $10.87. * With a current rating of Overweight, Morgan Stanley initiated coverage on Performance Food Group Co (NYSE: PFGC). The price target seems to have been set at $45.00 for Performance Food Group. In the fourth quarter, Performance Food Group showed an EPS of $0.86, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $54.49 and a 52-week-low of $7.41. At the end of the last trading period, Performance Food Group closed at $34.79. * With a current rating of Equal-Weight, Morgan Stanley initiated coverage on Sysco Corp (NYSE: SYY). The price target seems to have been set at $66.00 for Sysco. For the fourth quarter, Sysco had an EPS of $0.29, compared to year-ago quarter EPS of $1.10. At the moment, the stock has a 52-week-high of $85.98 and a 52-week-low of $26.00. Sysco closed at $61.89 at the end of the last trading period. * For US Foods Holding Corp (NYSE: USFD), Morgan Stanley initiated coverage, by setting the current rating at Equal-Weight. In the second quarter, US Foods Hldg showed an EPS of $0.25, compared to $0.64 from the year-ago quarter. The stock has a 52-week-high of $42.43 and a 52-week-low of $8.32. At the end of the last trading period, US Foods Hldg closed at $23.02. * With a current rating of Outperform, RBC Capital initiated coverage on Magnite Inc (NASDAQ: MGNI). The price target seems to have been set at $9.00 for Magnite. Magnite earned $0.10 in the second quarter. At the moment, the stock has a 52-week-high of $8.29 and a 52-week-low of $5.57. Magnite closed at $6.66 at the end of the last trading period. * With a current rating of Hold, Berenberg initiated coverage on AbbVie Inc (NYSE: ABBV). The price target seems to have been set at $98.00 for AbbVie. In the second quarter, AbbVie showed an EPS of $2.34, compared to $2.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $101.28 and a 52-week-low of $62.55. AbbVie closed at $87.29 at the end of the last trading period. * With a current rating of Buy, Berenberg initiated coverage on Bristol-Myers Squibb Company (NYSE: BMY). The price target seems to have been set at $73.00 for Bristol-Myers Squibb. Bristol-Myers Squibb earned $1.63 in the second quarter, compared to $1.18 in the year-ago quarter. The stock has a 52-week-high of $68.34 and a 52-week-low of $45.76. At the end of the last trading period, Bristol-Myers Squibb closed at $59.72. * Berenberg initiated coverage on Eli Lilly and Co (NYSE: LLY) with a Hold rating. The price target for Eli Lilly is set to $144.00. For the second quarter, Eli Lilly had an EPS of $1.89, compared to year-ago quarter EPS of $1.50. At the moment, the stock has a 52-week-high of $170.75 and a 52-week-low of $101.36. Eli Lilly closed at $148.12 at the end of the last trading period. * Berenberg initiated coverage on Merck & Co Inc (NYSE: MRK) with a Hold rating. The price target for Merck & Co is set to $88.00. For the second quarter, Merck & Co had an EPS of $1.37, compared to year-ago quarter EPS of $1.30. The current stock performance of Merck & Co shows a 52-week-high of $92.64 and a 52-week-low of $65.25. Moreover, at the end of the last trading period, the closing price was at $82.77. * With a current rating of Hold, Berenberg initiated coverage on Pfizer Inc (NYSE: PFE). The price target seems to have been set at $38.00 for Pfizer. In the second quarter, Pfizer showed an EPS of $0.78, compared to $0.80 from the year-ago quarter. The current stock performance of Pfizer shows a 52-week-high of $40.97 and a 52-week-low of $27.88. Moreover, at the end of the last trading period, the closing price was at $36.41.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * A Look Into Delta Air Lines Debt * Ardmore Shipping's Debt Overview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- PR Newswire
Shutterstock To Report Third Quarter 2020 Earnings Results on October 27, 2020
Shutterstock, Inc. (NYSE: SSTK), a leading global technology company offering a creative platform for high-quality content, tools and services, will report its third quarter 2020 business and financial results on Tuesday, October 27, 2020 before the market opens.
- ConocoPhillips Provides Preliminary Third-Quarter 2020 Operational and Financial Update and Announces Intent to Resume Share Repurchases of $1 Billion During the Fourth Quarter of 2020Business Wire
- Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2020Business Wire
- InvestorPlace
The 7 Best Stocks to Buy for the Fourth Quarter
If anyone had told you in January what this year would have in store, you would have worried about their mental condition. Now, we're all worrying about our own.A crazy market. The terrible toll of the novel coronavirus. A brutal election campaign. Lockdowns. Huge unemployment. The race for a vaccine.And that's just the tip of the iceberg.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo far, September has been more about profit taking as the third quarter winds down rather than extending the rally. The challenge is, since the stock market is forward looking, seeing six months down the road is getting a bit tougher to see.Will there be a vaccine? Who will win the elections? Will there be a second wave along with the regular flu season? * 7 Hot Stocks to Buy on Robinhood Now Investors are taking some profits off the table. But there are still some stocks you can buy now that will continue to run thanks to more fundamental trends. These are the seven best stocks to buy for the fourth quarter and beyond: * Salesforce (NYSE:CRM) * Etsy (NASDAQ:ETSY) * PennyMac Financial Services (NYSE:PFSI) * Shenandoah Telecommunications (NASDAQ:SHEN) * Shutterstock (NYSE:SSTK) * Stamps.com (NASDAQ:STMP) * Zoom Video Communications (NASDAQ:ZM) Stocks to Buy: Salesforce (CRM)Source: Bjorn Bakstad / Shutterstock.com One of the pioneers in enterprise management software for customer resource management (CRM), it now is the dominant player in this space and has been expanding its base and capabilities for nearly two decades now.Basically, CRM allows companies to manage and analyze its interactions with past, current and potential customers. Within an enterprise level customer base, this can be very complicated. And if different sales and customer service teams are working with these customers, bringing everyone in the loop has also been challenging.And this doesn't take into account access to marketing research and senior management access.Salesforce is now cloud-driven and remains the top player in the sector. And given the work from home transition we've seen, that means a growing amount of new opportunities for sales.CRM stock is up 54% in the past year, with some recent profit taking. But that makes it an even better buy. Etsy (ETSY)Source: quietbits / Shutterstock.com When there's 30 million people out of work, and many more waiting to see if their jobs (or businesses) will be returning in coming months, this online marketplace is one of the biggest beneficiaries.ETSY has built its business on helping individuals sell unique items in its online marketplace. Whether it's about building a side gig out of a hobby or launching a home business, ETSY is built for people looking to work outside of the typical 9 to 5.And the pandemic has really boosted its business, both from the supply and demand side. With local shops closed and people sitting around looking to decorate their surroundings, ETSY has become the new shopping mall.What's more, it's differentiated enough from competition like eBay (NASDAQ:EBAY), since EBAY focuses on a broad swath of branded and discount new consumer goods, rather than handmade boutique products. * 10 ESG Stocks to Buy for a Brighter Future The stock is up 160% year to date, but revenue is rising and there are strong signs ETSY is now big enough to keep this momentum going as e-commerce takes hold. That's what makes it one of the best stocks to buy now … it's also what makes it similar to the investments in Growth Investor. PennyMac Financial Services (PFSI)Source: Shutterstock You may not have heard the name, but PFSI is the No. 4 home mortgage lender in the US. And it's the No. 1 government loan lender.The crazy thing is, the stock is up 83% in the past year but it only has a $4 billion market cap and a P/E below 5x. And it has a 1% dividend.And it's not like being in the mortgage business is a bad place to be. We have record low mortgage rates that will likely extend for years to come, certainly well beyond the pandemic. Home sales are already very strong, even in this economy.The point is, PFSI is a bargain now and has plenty of headroom moving forward. Shenandoah Telecommunications (SHEN)Source: Shutterstock This Virginia-based telecom has been around for nearly 120 years at this point. And given all the advances as well as the growth of massive telecoms like AT&T (NYSE:T) and Verizon (NYSE:VZ), the latter is even a major player in its service area, SHEN remains a strong company.Now with a $2 billion market cap, it's not going to take on the big guys. It has a niche market that runs along the Appalachian Mountains from Maryland to Kentucky. But this broadly rural swath of its service area has come to rely on this provider for mobile, broadband and landline service for quite a while.Given its size and longstanding regional business, it remains a solid standalone as well as an interesting takeover target. All of these aspects are what make getting in at the right time the key to long-term success in investing. * 7 High-Potential Undervalued Stocks to Buy The stock is up 33% in the past year, even after some recent selling. It provides a 0.7% dividend, which is at least competitive with CDs. Shutterstock (SSTK)Source: Nova Patch / Shutterstock.com This licensed content company started in 2003 in the aftermath of the dotcom bubble. The founder, Jon Oringer, saw the possibilities of digital photography and the growing need for digital images to put on websites and other online media.Stock footage, as it's called in the industry, is about creating libraries of visual content and making those libraries available to designers and publishers for a fee. The fees can be subscription based or per piece.Oringer started with a library of 30,000 of his own stock photos. As the business grew, the company added new tools and a variety of packaging options for amateur photographers as well, like processing digital photos or building custom packaging (photo albums, Christmas cards, etc.).Now, SSTK has more than 340 million images and over 1 million contributors in more than 150 countries.With a market cap just under $2 billion, it's still a niche player in this space, but that can be a good thing when you're looking for unique images.The stock is up 48% in the past year and still delivers a 1.3% dividend. Like many of the stocks in Growth Investor, it has a strong growth story on its own and also would make a tasty takeover target. Stamps.com (STMP)Source: Michael Vi / Shutterstock.com In a home-based world, digital solutions become increasingly important. And the belief is, now that people and businesses have converted to this new digital, remote normal, many business models will benefit.One of those is buying postage online through STMP.Stamps and postage used to be a pretty simple process; you could even buy them at the grocery store from the cashier. But now, even grocery shopping has become a risky activity. And standing in a line at the post office is certainly not on the top of anyone's hit parade.STMP has been around since 1996 but is finally coming into its own. The company also provides more than postage for individuals. It also has shipping software and services for high-volume shippers. Our new normal is very bullish for STMP services. Identifying oddball scenarios like this where a company is bound to thrive is one of the main ways you might enjoy enduring success as an investor. While it's hard to stay ahead of the curve, Project Mastermind takes much of the hard work out of the equation with a tried and true predictive model for trading. * 7 Hot Stocks to Buy on Robinhood Now STMP stock is up more than 200% in the past 12 months, yet it's trading at a P/E of 48x and has a $4 billion market cap. It has found its stride. Zoom Video Communications (ZM)Source: Michael Vi / Shutterstock.com Talk about a unicorn company. Just three years ago, ZM was a video conferencing startup that promised more user-friendly video conferencing for individuals and small businesses, as well as academic institutions. It had a $1 billion valuation.ZM stock went public in 2019 with about a $11 billion market cap. Then the pandemic hit.ZM is now at a $142 billion market cap and the stock is up 512% in the past year.The important thing to bear in mind in this tech space is when something gains popularity on this scale, it's tough for anyone to compete. The tech, in this case ZM's videoconferencing, has been adopted and is now the default for millions of people around the world. The same thing happened with Twitter (NYSE:TWTR) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). It wasn't as much the tech as the speed of adoption and ease of use.It has caught lightning in a bottle.And now that it's a serious large-cap tech stock, it has money and visibility to grow for years to come.But when it comes to tech stocks to buy for long-term growth, the success for ZM stock is just the tip of the iceberg. It's no secret that AI stocks are among the hottest plays on Wall Street now, but there's an AI play that investors are overlooking. Their oversight is your path to significant wealth.The "AI Master Key" is a lesser known machine learning leader that will revolutionize countless industries. From healthcare to agriculture, finance to cybersecurity, this company will be at the head of it all. It's the key to unlocking the most significant technological revolution in human history and all the great profits that come with it.But that's just the tip of the iceberg for Growth Investor subscribers. Backed by the strongest research team on the market and my innovative approach to investing, Growth Investor has outperformed the S&P by a factor of 3-to-1. It's where you can find groundbreaking growth plays like my AI Master Key long before they become household names.On the date of publication, Louis Navellier had long positions in ETSY, PFSI and ZM. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post The 7 Best Stocks to Buy for the Fourth Quarter appeared first on InvestorPlace.
