246.25 -0.15 (-0.06%)
Pre-Market: 8:52AM EST
|Bid||244.00 x 1000|
|Ask||248.00 x 900|
|Day's Range||241.38 - 252.00|
|52 Week Range||102.35 - 289.51|
|Beta (5Y Monthly)||2.76|
|PE Ratio (TTM)||121.20|
|Earnings Date||Feb 19, 2020 - Feb 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||259.05|
Today we found three 'cheap' tech stocks trading under $10 per share with the help of our Zacks Stock Screener that investors might want to buy heading into 2020...
The bullish case for Trade Desk Inc (NASDAQ: TTD ), a provider of a technology platform for buyers of advertising, can be made for three reasons, according to Needham. The Analyst Needham analyst Laura ...
Needham analyst Laura Martin, who is widely regarded as the most prominent bull on Roku stock, is now saying investors should buy digital ad company Trade Desk. (TTD) (TTD) provides ad buyers with a digital platform to create and manage their campaigns.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
Shares of The Trade Desk Inc. are up more than 5% in premarket trading Friday after Needham's Laura Martin upgraded the stock to buy from hold while setting a $325 target price. She argues that ad unit availability in the U.S. could fall by 10% in 2020 due to declining viewership of linear televsion, but that demand for U.S. ad units will climb by 10%, creating a favorable pricing environment. "Ad units should see unprecedented pricing power in 2020," she wrote. "TTD is the largest buyer of ad units in the open internet (including connected TV), and takes a 20% revenue share of ad dollars spent on its platform." TTD shares have climbed 107% so far this year, as the S&P 500 has increased 24%.
Global advertising technology leader, The Trade Desk (TTD), today announced the appointment of Lisa Kopp Johnson as the company’s General Manager of Business Development for the Midwest United States. Most recently, she served as Vice President of Sales for the Midwest and West Coast regions for Amobee, where she helped drive strong, consistent revenue growth based on relationships with some of the region’s most prominent brands. “Lisa has been a major presence in the Midwest advertising industry for several years, and we are thrilled to bring her business development expertise to The Trade Desk,” said Stacy Bohrer, Regional Vice President, The Trade Desk.
Generally speaking, investors are inspired to be stock pickers by the potential to find the big winners. You won't get...
(Bloomberg) -- Google is pulling powerful targeting tools from political advertisers, a move that prompted a sharp rebuke from President Donald Trump’s campaign.Because of the changes outlined last month, campaigns that use Google to place election ads on Google Search, YouTube and other websites can no longer target them to a particular audience based on political affiliation.But the new policy has a loophole that means large swathes of Google ad space on the web can still be highly targeted by candidates and other political groups looking to sway voters during the 2020 election.The internet giant lets advertisers buy some of its marketing spots using their own targeting data, and technology from other companies. Political advertisers could embrace these alternatives to get around Google’s policy.This loophole shows how the labyrinthine advertising-technology ecosystem makes it difficult for internet giants to police election ads. Google and Facebook Inc. dominate the digital ad market, but hundreds of smaller companies crunch data and provide tools to advertisers.Google, Facebook at Center of Rising Political-Ad TensionsGoogle provides three main types of ad space: Search, YouTube and display. Display ads include banners and videos placed on websites around the world. Google acts as a middleman between those sites and advertisers. To buy, advertisers can go directly through Google, or they can use other providers such as Trade Desk Inc., MediaMath Inc. and Adobe Inc.That’s where the loophole shows up. Google’s new limits should work on YouTube and Search ads because they can only be bought through Google. But many Google display ads are put up for auction on Google’s ad exchange, and advertisers can bid on these marketing spots using whatever targeting data and tools they want.“Advertisers can skirt this policy and still access the exchange,” said Grace Briscoe, a vice president at Centro Inc., which sells tools for marketers to bid on ad exchanges, including Google’s.There’s not much Google can do to close the loophole because the company can’t check targeting data it doesn’t control, and can’t impose its policy on other ad-tech companies, according to Briscoe.Trump Campaign Says Google’s Ad Changes Will Suppress 2020 VoteThe policy applies to Google’s ad-buying tool, known as DV360, but not to Google display ads bought through other companies like Trade Desk, a Google spokeswoman said in an email.Spokesmen for Adobe and Trade Desk said it was possible to buy targeted ads on Google using their tools. Trade Desk doesn’t allow targeting down to the individual for political ads, the company’s spokesman said.Adobe’s policies require political ads to be clearly labeled. Specific targeting is allowed if advertisers bring their own data, a spokesman for the company said. A spokeswoman for MediaMath declined to comment.Democratic presidential candidate Michael Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.Online advertising giants Facebook and Alphabet Inc.’s Google are at the center of a major debate over political advertising in the U.S. The companies allow highly tailored messages to be delivered to small groups of people, changing the way campaigns operate and making it possible to send ads that the wider world never sees. Both companies require political advertisers to upload their ads to a public database.Twitter Inc. banned political advertising completely last month while Facebook says it will keep accepting ads from politicians and won’t check them for accuracy.\--With assistance from Mark Bergen and Bill Allison.To contact the reporter on this story: Gerrit De Vynck in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Alistair Barr, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In early September, we saw an unprecedented shift in the investment landscape from momentum stocks to value stocks. This came amid a recovery in economic fundamentals and a sharp rise in interest rates.By mid-September, the the iShares Momentum Factor ETF (BATS:MTUM) was down more than 1%, while the iShares Value Factor ETF (BATS:VLUE) was up more than 7%. This big divergence prompted me to write a piece on InvestorPlace outlining seven momentum stocks to buy on the dip.The logic was simple. These sharp momentum-to-value shifts don't happen often. But, when they do, it's when the things are getting better. See late 2016. It is investors voting with their money that the coast is clear to buy stocks that require a good economy to head higher. As such, these shifts are normally temporary, and a harbinger of a broader market rally. When they end, both value and momentum stocks power higher alongside a rising economy.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThus, I reasoned that the September weakness in momentum stocks presented a solid buying opportunity into 2020, when all stocks would power higher supported by easing trade tensions, re-accelerated global capital investment and economic activity, revamped corporate profit growth, healthy labor markets and supportive central bank policy.Fast forward two months. Since then, both the Momentum Factor ETF and Value Factor ETF are up more than 3%, five of the seven momentum stocks I recommended are up more than 8%, and three of them are up more than 20%. * 7 Stocks to Buy in December I think this momentum stock rebound will continue. As such, let's take a deeper look at five of my favorite momentum stocks that have shown impressive strength since mid-September. Momentum Stocks to Buy on the Rebound: The Trade Desk (TTD)Source: Shutterstock % Gain Since Sept. 16: 20%At one point in time, programmatic advertising leader The Trade Desk (NASDAQ:TTD) was one of the biggest losers in the mid-2019 momentum-to-value shift. Shares had shed almost a quarter of their value by mid-September. But, since then, shares have soared 20%.This big rebound in TTD stock will persist for a few reasons.First, the long-term fundamentals are favorable here. Programmatic advertising is "smart" advertising, which leverages algorithms, data and machine learning to transform ad transactions and ad spend allocations from a guess-and-check process, to an automated and optimized process. The whole ad industry is pivoting into programmatic advertising, yet only a small portion of global ad dollars are transacted programmatically today. The Trade Desk is at the center of this pivot. Thus, as more ad dollars flow into the programmatic channel over the next few years, TTD's revenues and profits will continue to roar higher.Second, the valuation remains reasonable. By my numbers, The Trade Desk will net $12 in earnings per share by fiscal 2025, behind 20%-plus annual revenue growth, steady profit margin expansion and 25%-plus profit growth. Based on an exit multiple of 35-times forward earnings (which is average for application software stocks) and a 10% discount rate, that equates to a 2019 price target for TTD stock of $260 -- above today's $250 price tag.Third, the optical backdrop will remain supportive. Yields appear to be done surging, so the valuation headwinds which hit TTD stock in September also appear to be over. At the same time, easing trade tensions should support a rebound in enterprise capital spending, and as that picks up, companies should spend more on their programmatic advertising pivots.Ultimately, TTD stock should stay in rebound mode. Adobe (ADBE)Source: r.classen / Shutterstock.com % Gain Since Sept. 16: 8%Shares of creative solutions giant Adobe (NASDAQ:ADBE) weren't hit that hard by the mid-2019 momentum-to-value shift. But, ADBE stock has still rattled off an impressive 8% gain since mid-September as momentum stocks have come back in favor. Shares presently trade just a few bucks shy of all-time highs.The fundamentals here imply that ADBE stock should hit new all-time highs soon.The economic and market backdrops are healthy. Trade tensions are easing. Easing trade tensions will support a rebound in capital spending, which will fuel a rebound in the global economy. As the global economy rebounds, stocks will broadly power higher. This rising tide will lift most boats, including ADBE stock.Adobe's internals are equally healthy. This is a company which dominates the secular growth creative solutions market with essentially no real competition. Growth is big because enterprises and professionals are investing more into creative solutions as the world becomes more visually based. Margins are huge, because Adobe commands tremendous pricing power. Profit growth is consequently big, too. All of this should continue for the foreseeable future, and at an accelerated rate in 2020, thanks to a rebound in enterprise spending trends.Also of note, the valuation on ADBE stock remains tangible. By my projections, Adobe will remain a double-digit revenue growth company for several years thanks to creative market tailwinds, while margins will naturally improve with scale. Those growth projections create visible runway for earnings per share to hit $20 by fiscal 2025. Based on a systems software sector-average 25-times forward earnings multiple and a 10% discount rate, that equates to a 2019 price target for ADBE stock of $310. * 7 Unsteady Stocks Investors Should Consider Selling Before 2020 All in all, then, the data here suggests that ADBE stock will remain in rally mode. Okta (OKTA)Source: Sundry Photography / Shutterstock.com % Gain Since Sept. 16: 24%Another momentum stock which was hit hard during the momentum-to-value shift was identity cloud company Okta (NASDAQ:OKTA). Much like TTD stock, OKTA stock lost about a quarter of its value during this shift. Since mid-September, though, OKTA stock has rattled off a 24% gain.OKTA stock should continue to rebound for three big reasons.First, Okta is a big growth company with strong long-term fundamentals. At its core, this company is reinventing the way companies protect their data. Instead of building a castle of security surrounding an entire enterprise ecosystem (as most traditional cybersecurity solutions do), Okta is outfitting each member in an enterprise ecosystem with personalized "armor," under the idea that if each individual is protected, so is the entire ecosystem.Okta calls this new method the Identity Cloud. This Identity Cloud is surging in popularity, because it improves enterprise flexibility, mobility and convenience, without compromising on security integrity. Still, Okta is a relatively small company (less than $500 million in revenue) in a huge cybersecurity market ($170 billion and growing), so there is ample room for Okta to stay on a big growth trajectory for a lot longer.Second, the valuation on OKTA stock isn't stretched. My modeling suggests that Okta has a visible opportunity to net $11 in EPS by fiscal 2030 (assuming 20%-plus revenue growth, sustained big gross margins, and significant positive operating leverage). Based on an application software sector-average 35-times forward multiple and a 10% discount rate, that equates to a 2019 price target of nearly $150.Third, the optics are improving. Specifically, capital spending trends are rebounding, and Okta's revenues come from the capital spending well.Big picture -- OKTA stock can and will keep moving higher. Chegg (CHGG)Source: Casimiro PT / Shutterstock.com % Gain Since Sept. 16: 11%On seemingly no catalyst whatsoever, shares of digital education giant Chegg (NASDAQ:CHGG) tumbled from nearly $50 in late July 2019, to below $30 by early November 2019. Then, Chegg reported strong third-quarter numbers, which implied that the selloff was grossly overdone. CHGG stock has since rebounded to $40.This rebound should continue until CHGG stock runs back to its $50 all-time highs.Chegg is a big growth company. This company has created a connected learning platform which is increasingly becoming a necessary and vital part of the learning experience for high school and college students. That's because Chegg has built the first education platform that caters to modern student's needs. They want digital services, they want on-demand services, they want streamlined services and they want all-the-time services. Chegg provides all four, all in one place.As such, it isn't too far off to think that Chegg will one day be used by most high school and college students across America. There are 36 million students who fit that description. Chegg has only nabbed 3.1 million of them. Thus, with a meager 10% penetration rate in a highly fragmented market that is ripe for disruption, Chegg is primed for big growth over the next few years.This big growth simply isn't priced into CHGG stock today. By my numbers, Chegg has a realistic opportunity to hit $2.50 in EPS by fiscal 2025. Based on a big-growth 30-times forward earnings multiple and a 10% discount rate, that equates to a 2019 price target for CHGG stock of $45. * 10 Tech Stocks to Buy Now for 2025 That's well above where shares trade today. So long as shares remain fundamentally undervalued and the momentum/growth stock backdrop remains favorable, CHGG stock should grind higher. Splunk (SPLK)Source: Michael Vi / Shutterstock.com % Gain Since Sept. 16: 28%Big data analytics company Splunk (NASDAQ:SPLK) was hit hard in mid-2019 on cash flow, growth, and margin concerns. But, Splunk reported third quarter numbers in November that put those concerns to ease. SPLK stock has since sprinted to all time highs.Although the valuation on SPLK stock seems somewhat stretched here, most signs indicate that this rally will continue.First, Splunk is in the game of turning data into actionable insights. Current trends imply that demand for this service is surging. Not only did Splunk just report strong Q3 numbers that included 30% year-over-year growth, but Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) also recently acquired Fitbit (NYSE:FIT) in a data acquisition play, tennis players have recently started using big data to prep for matches and the real estate industry is getting in on the big data trend.Second, recovering business sentiment -- thanks to easing trade tensions -- should provide a lift to Splunk's revenue trends, since the higher business sentiment goes, the more those businesses spend on things like data, and the more money makes its way into the Splunk ecosystem.Third, Splunk is in the early stages of realizing the financial benefits of its recently launched Data-to-Everything platform. Building that platform has been a multi-year, multi-billion dollar commitment. That investment phase is over. Now comes the growth part. This transition should provide a lift to SPLK stock.I'm slightly concerned about valuation on SPLK stock up here. But, momentum stocks have a tendency to ignore valuation risks when they have full momentum. That's exactly what Splunk has right now. So, for the foreseeable future, shares should keep making new highs.As of this writing, Luke Lango was long TTD, ADBE, OKTA and CHGG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks That Are Bargains Right Now * 7 Excellent Bank Stocks Worth an Investment * 4 Small-Cap, Big-Dividend Stocks The post 5 Momentum Stocks to Buy on the Rebound appeared first on InvestorPlace.
In the investment world, there's a lot of debate surrounding technical analysis. Some fundamentalists call technical analysis "hocus pocus" and think there's nothing to it. Other traders, however, attest to the "price is truth" mantra, and believe that technicals give you the most insight about how and when to buy a stock.I'm not here to settle this decades-old debate.Rather, I'm here to do two things. First, I'll give my personal two cents on the matter. Technicals don't drive stocks. Fundamentals do. But, there's enough information embedded into price action -- and enough money out there paying close attention to technicals -- that technical indicators can give investors very strong and accurate buy/sell signals.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSecond, I'd like to highlight recent academic research from Professor Shu Feng of Boston University and Professor Na Wang and Professor Edward Zychowicz of Hofstra University. Analyzing data from 1993 to 2010, they found that technical indicators tend to perform better when sentiment is high, versus when sentiment is low.Right now, market sentiment is high. The S&P 500 has rallied an impressive 4% over the past month alone to all time highs, and every investor sentiment reading has moved higher over the past few weeks. * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside Considering that technicals do matter, that technical analysis works better during periods of high investor sentiment and that investor sentiment is presently high, the implication is clear. It's time to start buying stocks with strong charts and favorable technical indicators. Stocks to Buy with Great Charts: Skechers (SKX)First up, we have athletic apparel maker Skechers (NYSE:SKX).The 2019 chart for SKX stock is pretty clean and impressive. All year long, the stock has been on a steady uptrend, with well-defined support and resistance lines. Both of those lines have held multiple times, so barring some drastic change, they should keep holding for the foreseeable future. Assuming they do, the most likely path forward for SKX stock is to keep rallying until it hits its resistance line at around $45.The fundamentals support further upside in SKX stock, too. Consumer attitudes are improving, and consumer spend this holiday season will likely be very strong amid easing trade tensions, re-accelerating economic activity, and still healthy labor market conditions. At the same time, athletic apparel tailwinds remain alive and well, and the Skechers growth narrative (over 15% revenue growth last quarter) remains equally vigorous.Still, SKX stock trades at a huge discount to its sector and peers, and therefore, has plenty of room to keep moving higher, propelled by a healthy combination of profit growth and multiple expansion. Trade Desk (TTD)Second, we have programmatic advertising leader Trade Desk (NASDAQ:TTD).The chart on Trade Desk implies that this stock is in the early stages of a big rebound. Specifically, TTD stock plunged into technically oversold territory (Relative Strength Index below 30) in late September. It has only done this twice before over the past year. Both times, the stock proceeded to bottom, reverse course and head substantially higher over the subsequent few months. It looks like the same thing is happening this time around, as TTD has bottomed and reversed course in October/November. If history holds up, shares should continue to trend higher.The fundamentals underlying TTD stock are equally bullish. This company is pioneering the future of advertising, which is the usage of data, algorithms and machines to automate and optimize the ad transaction processes. This market, dubbed the programmatic advertising market, projects to grow by leaps and bounds as automation becomes more and more globally prevalent. Trade Desk will similarly grow by leaps and bounds in the long run. Near-term weakness is nothing more than noise for this long-term winner. * 10 Cheap Stocks to Buy Under $10 Plus, it looks like that near-term weakness is now fading out, which could mean that the coast is clear to buy the dip in TTD stock. AT&T (T)Third, we have telecom giant AT&T (NYSE:T).The chart on T stock implies that shares are in the midst of a breakout which will persist until about $45. Specifically, T stock broke a multiyear downtrend in early 2019. Ever since, the 20-day moving average has surged above the 50-day moving average, and both have surged above the 200-day moving average -- a favorable dynamic which implies building momentum in the stock. At the same time, multiyear resistance doesn't arrive until around $45, so barring any drastic changes. Thus, T stock looks like it's charting a course for that level.AT&T's fundamentals have similarly "broken out" in 2019. That is, this is a company which has been plagued by cord-cutting headwinds over the past several years. But AT&T is finally responding to those headwinds by building out a direct-to-consumer streaming service, HBO Max, which is set to launch in 2020. The expectation is that success in the streaming vertical will help offset weakness in the linear video vertical. Meanwhile, 5G coverage is going mainstream in 2020, and that should provide a boost to AT&T's wireless business.Overall, there's a lot to like about T stock here, and improving fundamental and technical trends imply that the 2019 breakout rally in shares isn't over just yet. Under Armour (UAA)Fourth, we have another athletic apparel maker, Under Armour (NYSE:UAA).The chart for UAA stock shows a stock which has been oversold and is due for a bounce-back soon. The technical buy signal on Under Armour over the past year has been buy when UAA stock drops below $18 and when the Relative Strength Index drops below 30. Right now, UAA stock is very close to flashing that buy signal, with shares below $18 and the RSI only a hair above 30. Once RSI drops below 30, history suggests UAA stock will bounce back in a big way.Fundamentally, the recent sell-off in UAA stock also seems overdone. Sure, this is a slow-growth company with some brand identity, executive and accounting issues. But, they are still a very important brand in a very important and rapidly growing athletic apparel market, with margins that are making significant upward progress.Considering all that, the long-term earnings power here says that UAA stock is worth a lot more than $17. * 7 Tech Stocks to Buy for the Rest of 2019 The implication? Be ready to buy this dip. UAA stock won't stay down here for long. Okta (OKTA)Fifth, we have cloud security company Okta (NASDAQ:OKTA).The story that OKTA's chart tells is one of a stock that is breaking out after a brief period of consolidation. Okta has been a very strong stock. It spends very little time in oversold territory. But every once in a while, valuation friction rears its ugly head and OKTA stock does dip into oversold territory. See late 2018 or late 2019.But with both the Relative Strength Index and stock rebounding, it appears OKTA is breaking out. The last time a breakout like this happened, OKTA stock marched from $60 to $140 in a matter of months.Fundamentally, everything here checks out. This is a 50%-plus revenue growth company disrupting a multi-billion-dollar (and still growing) cybersecurity space with a one-of-a-kind, identity-based solution. Gross margins are huge (over 70%), so as long as revenue growth drives positive operating leverage in the long run, Okta has an opportunity to produce huge profits at scale.Nothing about these fundamentals has changed over the past few months. OKTA stock just got hit by some valuation headwinds. Now, those headwinds have passed, and shares look ready to get back to their winning ways. Chegg (CHGG)Sixth, we have connected learning platform Chegg (NYSE:CHGG).On the technical side of things, Chegg appears to be in the very early innings of a multi-quarter breakout. CHGG stock has been hit hard recently. But it has also shown signs of strength ever since a strong Q3 earnings report. This recent strength has propelled the stock's 20-day moving average above its 50-day moving average for the first time in a few months. This bullish crossover signal has materialized just four times over the past three years. Each time, it preceded a huge move higher in CHGG stock.On the fundamental side of things, Chegg's strong Q3 earnings report confirmed that nothing has changed about this company's fundamentals. Students still need academic help, and they are still seeking for that help through on-demand, connected learning platforms. In that space, Chegg remains unrivaled, and students continue to swarm onto the Chegg platform. Revenues, margins, and profits are all moving higher. * 7 Great High-Yield Stocks With Payouts Over 5% With the fundamentals still rock-solid and the technicals pointing to a big move higher, I think now is the time to double down on CHGG stock. Etsy (ETSY)Last but not least on this list of stocks to buy with great charts is specialty e-commerce marketplace Etsy (NASDAQ:ETSY).The technical picture on Etsy implies that you have a really oversold stock -- one running into some big support -- that's due for a nice relief rally soon. Thanks to a convergence of headwinds, including disappointing earnings, ETSY stock has dropped into significantly oversold territory. Indeed, the RSI has only been this low on ETSY once before since 2016. At the same time, shares are running into multi-month support at $40. This combination of big support and dramatically oversold conditions should spark a recovery rally in ETSY stock.The fundamentals here are weakening. Growth is slowing, and margins aren't moving higher like they used to. Still, this is a 20%-plus volume growth company in a secular-growth e-commerce marketplace, with margins that are largely stable. In other words, it's still a very good growth company with a favorable financial profile.The valuation today doesn't seem to reflect this. As such, buying the dip seems like the smart move.As of this writing, Luke Lango was long SKX, TTD, T, OKTA, CHGG and ETSY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Silver and Gold Stocks to Buy That Offer Contrarian Upside * 7 Earnings Reports to Watch Next Week * 5 Online Retail Stocks to Buy on the Dip The post 7 Stocks to Buy With Great Charts appeared first on InvestorPlace.
Roku stock has already recovered from its post-Q3 earnings release selloff after bullish streaming TV investors snatched up a perceived buying opportunity. But the streaming TV stock might have even more room to run...
Online advertising marketplace the Trade Desk said its chief financial officer, Paul Ross, is retiring and will be replaced by Amazon.com executive Blake Grayson.
The Trade Desk (TTD) today announced the retirement of its Chief Financial Officer, Paul Ross, and the appointment of Blake Grayson to succeed him. Ross has served as CFO of The Trade Desk since 2014. In that time he has overseen one of the most successful Initial Public Offerings of the past decade as well as strong, profitable revenue growth each year.
After a strong finish last week and with equities still hanging around all-time highs, Monday's action continues to consolidate those gains. Here's a look a few top stock trades. Top Stock Trades for Tomorrow No. 1: Starbucks (SBUX)Starbucks (NASDAQ:SBUX) stock was unstoppable for about a year, doubling from its summer 2018 low to its summer 2019 high. Over the last 10 weeks though, SBUX has been ice cold. InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares have broken down without reason, crashing through prior support levels and moving averages. The company even delivered strong earnings results in late October, as highlighted on the chart. The stock has been finding its footing here near the 200-day moving average, though. It gives investors an excellent risk/reward, now down almost 20% from its highs. * 7 Large-Cap Stocks to Give a Wide Berth Below the October low of $81.03 (or $80 for those that are comfortable with additional risk), bulls can consider exiting the trade. Below $80 and shares will need more time to set up again on the long side. Above $83 to $84 and the bulls could regain control. Top Stock Trades for Tomorrow No. 2: JD.com (JD)All the talk is about Alibaba (NYSE:BABA) and Singles Day right now, but what about JD.com (NASDAQ:JD), as it too benefits from the event?Both stocks have made very nice moves through multi-month resistance, while recent pullbacks suggest that these former resistance marks will act as support. Specifically related to JD stock, shares made a powerful breakout through the $32 mark. After chopping around for a few sessions, shares have pulled back toward this level. Buyers instantly stepped in, giving bulls a measurable risk setup, should they take a long position in the name. Top Stock Trades for Tomorrow No. 3: The Trade Desk (TTD)What a powerful move investors saw on Monday in several growth stocks, the most notable of which came from The Trade Desk (NASDAQ:TTD). After a mixed earnings reaction late last week, TTD investors made it clear on Monday: They want to own more Trade Desk. Shares continue to put in a series of higher lows (blue line), but more importantly, they are pushing through key resistance marks. Both the 50-day and 200-day moving averages had been acting as resistance amid this high-growth selloff. TTD is reclaiming these marks on Monday. If bulls can maintain the stock above these marks -- especially the 50-day moving average -- they may be regaining momentum in the name. The 50-day is a must-hold mark should The Trade Desk pullback. If it continues higher, the 100-day moving average is the next upside target, near $225. Top Stock Trades for Tomorrow No. 4: Boeing (BA)Boeing (NYSE:BA) jumped over 5% on the day after reports suggested deliveries of the 737 MAX may resume in December. BA has a really tough and choppy chart. But Monday's action is putting in a bullish outside day, which could bode well for continued upside from here. Amid the move, BA is reclaiming all of its major moving averages, as well as the key $360 to $362 area. Should it continue higher, it puts $375 to $380 on the table, with $390 being a possibility above that. Back below $355 and $335 is possible. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long SBUX and TTD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Give a Wide Berth * 7 Potential New Stocks That Should Not Go Public * 5 Chinese Stocks to Buy Surging Higher The post 4 Top Stock Trades for Tuesday: SBUX, JD, TTD, BA appeared first on InvestorPlace.
For growth stocks, Wall Street pros suggest looking at the bigger picture. We mean taking a step back and searching for names capable of rewarding investors for years to come rather than in just the short-term. However, finding these stocks with explosive growth prospects isn’t always easy.That’s where TipRanks.com comes in. Using the platform’s in-depth market data, we were able to zero in on 3 stocks set to see huge gains in the long-run. Having earned enough support from the Street’s analysts in the last three months, all of these names have “Strong Buy” consensus ratings.If that wasn’t captivating enough, analysts note that each of the stocks’ strong growth narratives aren’t fully factored into their share prices, representing a compelling entry point.With this in mind, let’s dive in. Avalara, Inc. (AVLR) Avalara offers customers automated and cloud-based software to make it easier to comply with ever-changing tax laws. With another solid quarterly performance under its belt and an already posted year-to-date gain of 128%, analysts believe AVLR is still undervalued as it’s right on track to deliver massive returns.During its most recent quarter, AVLR was able to report a revenue and earnings beat thanks to substantial customer additions. We’re talking 810 new customers added vs J.P. Morgan analyst Sterling Auty’s estimate of 300. Not to mention the company reached an all-time high net retention rate of 113% and management guided around 25% revenue growth for 2020\. While the results represented a loss, Auty tells investors not to fear as AVLR is just getting started. “We think the stock still has room to move higher driven by these secular growth factors and a valuation that is below many other premium names,” he commented. The five-star analyst adds that its 2020 revenue guidance “likely provides ample opportunity to under promise and over deliver”. As a result, Auty kept his Buy rating and $104 price target. This target conveys his confidence in AVLR’s ability to climb 46% higher over the next twelve months. (To watch Auty’s track record, click here) Like Auty, the rest of the Street has high hopes for AVLR. As 100% of the analysts that have published ratings in the last three months were bullish, AVLR is a ‘Strong Buy’. Additionally, its $98 average price target indicates 37% upside potential. (See Avalara stock analysis on TipRanks) The Trade Desk, Inc. (TTD)This year has seen Trade Desk cement its status as a stand-out growth name, rising 68% year-to-date to be exact. Even though shares have stumbled in the last week, several top analysts cite the online advertising marketplace as a force to be reckoned with.According to its third quarter results, it’s clear why TTD is on Wall Street’s radar. The company surpassed the consensus estimates for both revenue and earnings as well as upped its guidance for the fourth quarter. While this guidance was disappointing for some investors, SunTrust Robinson analyst Youssef Squali argues that TTD is holding up well against the expanding total available market and has been steadily improving margins. Squali also highlights TTD based on its stellar 95%-plus customer retention rate in the quarter as well as its continued efforts to capitalize on international opportunities and a more-data driven approach from agencies and brands. Meanwhile, RBC Capital’s Mark Mahaney believes that TTD is “one of the best positioned stocks to benefit from the shift to streaming” thanks to its rapidly growing connected TV (CTV) segment. The CTV business has grown about 145% year-over-year following many previous quarters of triple digit growth rates. “We estimate CTV to account for close to 20% of TTD’s Revenue in 2020 – and the recent deal with Amazon Fire TV / APS is further evidence of their strong positioning,” he noted. Bearing this in mind, both of the five-star analysts maintain a bullish thesis. Out of the two, Squali sees the largest potential twelve-month gain, with the forecast coming in at 46%. (To watch Squali’s track record, click here) In general, other analysts are on the same page. 6 Buy ratings and 2 Holds assigned in the last three months add up to a ‘Strong Buy’ consensus. The average price target of $247 brings the upside potential to 26%. (See Trade Desk stock analysis on TipRanks) Catalent Inc. (CTLT)Catalent is known for providing integrated services, superior drug delivery technologies and manufacturing solutions to help launch pharmaceuticals, biologics and other consumer health products. With it starting off its fiscal year on a positive note and its shares already up 59% year-to-date, the Street has its eye on CTLT.CTLT’s solid fiscal Q1 2020 performance, which included a 2% EBITDA beat and 11% organic growth, was fueled largely by its Paragon acquisition. In addition, management reaffirmed ibuprofen supply stability for Softgel by pointing out that it has alternative sources to mitigate any possible disruptions in the future. It should also be noted that its strength in the oral drug delivery business stands to drive significant gains for CTLT. All of this played into UBS analyst Daniel Brennan’s conclusion that the company is in it for the long-haul. While acknowledging the tempered stock reaction to these developments, he remains optimistic about CTLT’s prospects. “We see the lack of share price reaction as an opportunity to reiterate our buy rating,” Brennan explained. Along with his Buy rating, the analyst set a $66 price target. Based on this target, shares could surge 33% over the next twelve months. (To watch Brennan’s track record, click here) Similarly, the rest of the Street likes what it’s seeing. With 4 Buy ratings compared to 1 Hold issued in the last three months, CTLT has a ‘Strong Buy’ analyst consensus. On top of this, its $61 average price target implies 23% upside potential. (See Catalent stock analysis on TipRanks)
The Trade Desk is trading higher Friday on the heels of their better Q3 results where they beat on earnings and revenue. Trade Desk plays in the ad-tech space, offering a marketplace that allows customers to purchase various types of advertisements to run global campaigns in digital media. In this daily bar chart of TTD, below, we can see that a two-month decline in the price of TTD in August and September chopped $100 off the price of the stock.
The Trade Desk (TTD) delivered earnings and revenue surprises of 11.94% and -0.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
The Trade Desk, Inc. , a provider of a global technology platform for buyers of advertising, today announced financial results for its third quarter ended September 30, 2019.
Yesterday saw the major U.S. stock indices reach session lows after reports said President Trump and Xi Jinping may put off signing a trade deal until December. Then, this morning, stock futures jumped higher after the U.S. and China agreed to roll back tariffs in phases if a deal is reached. What does it mean when stocks swing without a push higher in volatility?
The Trade Desk's (TTD) third-quarter 2019 results are likely to gain from increasing programmatic ad buying, growing premium-inventory partnerships and solid adoption of unified ID solution.
Today we'll look at The Trade Desk, Inc. (NASDAQ:TTD) and reflect on its potential as an investment. Specifically...
The Trade Desk (TTD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.