|Bid||44.18 x 800|
|Ask||0.00 x 800|
|Day's Range||44.41 - 45.00|
|52 Week Range||33.68 - 50.48|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||70.92|
|Forward Dividend & Yield||0.32 (0.71%)|
|1y Target Est||N/A|
Boris Johnson’s massive Conservative victory in the general election should give the U.K. property market a much needed boost after months of uncertainty dragged down prices.
Fintech—the nexus of finance and technology—is undeniably a huge investment opportunity. After all, there’s a big difference in between a fintech investment strategy that bought shares of credit card and digital payments companies (MA) (ticker: MA), (PYPL) (PYPL), (SQ) (SQ) and (V) (V), and one that invested in pure-play fintech lenders (ELVT) (ELVT), (LC) (LC), and (ONDK) (ONDK).
What are the best IPO stocks to watch? Start with a look at these six stocks from the class of 2019, including Progyny, Ping Identity, and Tradeweb.
The pool of negative-yielding euro zone bonds shrank further in November, data from electronic trading platform Tradeweb showed on Tuesday, but still accounts for almost two-thirds of the bloc's government bond market. The number of government and corporate bonds with sub-zero yields has ballooned this year against a backdrop of weak economic growth, central bank easing and heightened global risks be it from Brexit or a bitter trade war. Euro zone government bonds trading on the Tradeweb platform with negative yields fell to 4.52 trillion euros ($5.01 trillion) as of the end of November, representing 57% of the total 8 trillion euro market.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]
A recent report by investment bank Goldman Sachs lays out the risks and opportunities in the near-term markets heading into 2020. The bank’s investment strategists said that, after three rate cuts this year, they no longer see bonds as the go-to for risk-averse investors. Instead, foreseeing modest growth, they believe stocks are the better way to go for now.“We expect moderately better economic and earnings growth, and therefore decent risky asset returns,” the Goldman report stated. Going into detail, the reported noted that market prices are already taking account of the US-China tariff disputes and the ongoing Brexit drama. They advise a cautious investment stance, and move toward high-quality assets.So, with that in the background, we’ve pulled three "strong buy" stocks from the TipRanks' Stock Screener. All three have recent recommendations from some of Goldman’s top stock analysts. But more than that, all three are trending upward and show distinct upside potential.Brinks Company (BCO)You’re probably familiar with Brinks; the private security company’s trucks are visible in over 100 countries around the world. Brinks is best known for its armed and armored guard and courier service, provided to governments, banks, jewelers, and retailers. The company provides ATM services, too, including machine installation, replenishment, and maintenance, and money processing services, such as counting, sorting, and storage. Brinks also offers payment processing and physical safes for retailers. Brinks has positioned itself as one-stop-shop for the commercial security industry.Security is an essential service for any business dealing with cash and valuables, and Brinks' quarterly results reflected the company’s success as a service provider. Revenues came in at $924 million, 8.5% higher than the year-ago quarter, while EPS beat the forecast by 3% and showed a quarterly print of $1.05. The strong quarter, the seventh in a row that Brinks beat the estimates, was reflected in the share price: Brinks is up an impressive 37% year-to-date.Brinks's strong performance and recent share gains prompted Goldman’s George Tong, a 5-star analyst, to initiate coverage of the stock with a Buy rating and a $108 price target. Tong wrote, “Brinks has a healthy mid-to-high single digit annual organic revenue growth outlook driven by improving service quality, expanding services and the penetration of new markets. We view Brink’s strategy to develop end-to-end cash supply chain managed services targeting retail clients as capable of driving accelerating revenue growth and upward estimate revisions…” Tong’s price target suggests a 17% upside for this stock. (To watch Tong's track record, click here)Overall, Brink’s shares maintain a unanimous Strong Buy analyst consensus, based on 4 recent Buy ratings. Shares are selling for $92.5, and the $105 price target indicates room for a 13% upside. (See Brinks stock analysis on TipRanks)Lowe’s Companies (LOW)The second-largest home improvement superstore in the US, Lowe’s has faced a mix of hard times and optimism lately. The stock has been highly volatile in the past year as the company has worked to execute a turnaround strategy and improve profits and earnings. Volatility aside, LOW shares are up 26% since January, just outperforming the S&P 500’s 24% gain.Part of Lowe’s success is the ground-up improvement strategy executed by CEO Marvin Ellison. Ellison took over in May of 2018 and took a hands-on approach to improving the retail basics: stocking, merchandising, and customer service. Ellison has also been ruthless in cost-cutting measures, shuttering underperforming stores and laying off several thousand workers. His efforts paid off, however, and in 1H19 Lowe’s outperformed its larger competitor, Home Depot. In a statement to all Lowe’s employees last month, Ellison affirmed the company’s commitment to “…tremendous change and growth to position us toward becoming the leading home improvement retailer.”Despite the hits to company morale, management’s efforts have paid off on the fiscal bottom line. Last year, Lowe’s recorded annual revenues of $68.6 billion, up 5.5%, while net profits, at $3.4 billion, were up 1.3%. In the most recent earnings report, Q3 2019, LOW’s EPS came in at $1.41, well above the $1.35 forecast. While quarterly revenues just missed projections for the quarter, the company did increase its full-year EPS guidance to an upper limit of $5.70.5-star analyst Kate McShane, weighing in from Goldman Sachs, said, “3Q results represented a positive step in rebuilding investor conﬁdence around LOW’s execution capabilities and transformation strategy. The company demonstrated another quarter of sequential gross margin improvement, raised full-year EPS, and remains conﬁdent that strategic initiatives can help drive a comp acceleration in 4Q.” She reiterated her Buy rating and set a price target of $135, indicating confidence in a 15% upside. (To watch McShane's track record, click here)All in all, Wall Street loves the retail giant's stock, considering most voices are betting on LOW. Based on 19 analysts polled by TipRanks in the last 3 months, 16 rate LOW a "buy," while 3 say "hold." The 12-month average price target stands at $136.81, marking a 17% upside from where the stock is currently trading. (See LOW stock analysis on TipRanks)Tradeweb Markets (TW)A public company only since this past April, Tradeweb has recently gotten a lot of love from Wall Street. Tradeweb is an online marketplace for over-the-counter financial products, including municipal bonds, corporate bonds, and certificates of deposit. The company functions as an interdealer broker, connecting commercial and investment banks and trading firms with buyers and sellers in the financial markets. Essentially, Tradeweb is an digital platform for online bond and derivative trading.Tradeweb raised over $1.1 billion in it’s April IPO, making it the second largest IPO in the US this year. In an impressive performance, TW shares closed at $35 in the first day of trading, and despite high volatility, have gained 27% since. In its Q3 report, Tradeweb showed net income of $48.6 million and a diluted EPS of 20 cents. Gross revenues hit a quarterly record of $201 million, up 21% from Q2. The most important number, however, is likely the ADV, or average daily volume, for the quarter. In Q3, Tradeweb set a new quarterly record for ADV, hitting $815 billion – an increase of 53% year-over-year.After the company’s strong gains in the third quarter, Goldman analyst Alexander Blostein upgraded his stance on this stock, raising it from "neutral" to "buy." He wrote, “We see the stock’s solid organic revenue growth and expanding operating margins collectively driving ~15% EPS growth in 2020/2021 - a critical point of differentiation versus most other Exchanges, where top-line trends are decelerating, margin expansion is becoming increasingly harder to achieve (absent of a macro-driven spike in volatility), and valuations remain expensive. We think TW is likely to sustain its growth momentum driven by: (1) Continued market share gains, particularly in Interest Rate Derivatives and Credit. (2) Favorable revenue capture trends. (3) Significant runway to EBITDA margin expansion.” Blostein’s $53 price target implies room for an 17% upside to TW. (To watch Blostein's track record, click here)With a background like that, it’s no wonder that Tradeweb has attracted bullish reviews from the analysts. TW's analyst consensus rating is a Strong Buy, with 4 analysts giving it the thumbs up and only one analyst suggesting to stay sidelined. Shares sell for $45.27, and the average price target is $49.60; this indicates a potential upside of nearly 10%. (See Tradeweb stock analysis on TipRanks)
TD Ameritrade (AMTD) appears to be a promising bet riding on robust prospects and long-term growth opportunities. However, expenses witness a rise.
The U.K.-focused house builder, which also has operations in Spain, said that its total order book, excluding joint ventures, stood at 10,433 homes at Nov. 10 compared with 9,843 for the same time last year.
The pool of negative-yielding government bonds in the euro zone shrank in October for the first time since April, data released by Tradeweb on Friday showed. Government bonds trading with negative yields in the euro area fell to 4.97 trillion euros in October, or 62% of the total 8 trillion euro market, compared to 69% in September, according to data from the electronic trading platform. The share of negative-yielding euro investment-grade corporate bonds fell to 1.03 trillion euros, or 30% of the total market, from 34% in September, Tradeweb said.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this […]
Zoom Video is trading significantly higher than 2019's other IPO debutants. Zoom stock had an offer price of $36 and is trading at $73.52—104% higher.
Fixed income trading platform Tradeweb Markets on Thursday reported record volumes in the third quarter as market volatility driven by the U.S.-China trade war and global rate cuts bolstered activity during the normally sluggish summer months. Average daily volume across all asset classes was $815 billion in the last quarter, a 53.3% increase from the same period a year ago. Tradeweb is majority owned by Refinitiv.
(Bloomberg) -- Goldman Sachs Group Inc.’s bets on four companies delighted investors a quarter ago. This time around, they’re inflicting about $260 million of pain.Those losses are driven by investments made for its own account in Uber Technologies Inc. and Avantor Inc., which both slumped in the third quarter. The ride-hailing company has seen a third of its market value erased after a woeful public-market debut, while Avantor lost 23% in the same period. That led to hits of more than $100 million each for Goldman.Goldman was barred from selling its holdings in the companies immediately after they went public, as is typical for private investors. The size of the positions was derived from filings and company disclosures. A spokeswoman for Goldman Sachs declined to comment.Gains from investments with its own money are sometimes Goldman Sachs’s biggest profit driver, and executives have argued they showcase a core skill of the firm that should be valued by shareholders. But some analysts and investors have pointed to quarterly volatility in its Investing & Lending division as a reason to discount those profits. The swings in these marquee holdings may add to that perception.“The ‘I’ in the I&L can still be chunky and difficult to forecast,” said Mike Mayo, a senior bank analyst at Wells Fargo & Co. “It’s certainly a headwind in the quarter.”Mayo recently lowered his estimates and is now forecasting a 30% drop in investing and lending revenue from the second quarter. Goldman Sachs is unique among banks in the scale of its principal investments, with a $22 billion equity portfolio. Executives have said they plan to move their merchant banking units more toward managing client money and away from making bets with the firm’s money.The investment bank credited Uber and Avantor, along with Tradeweb Markets Inc. and online recruiter HeadHunter Group Plc, with lifting results in the second quarter. The firm said its positions in companies that went public in the second quarter generated about $500 million dollars in gains. That was mostly driven by a special one-time gain from Tradeweb.Tradeweb also declined 16% in the period, but that loss was mitigated by a similar advance in HeadHunter.The four holdings made up 55% of the company’s $2.6 billion public investment portfolio as of June 30, Chief Financial Officer Stephen Scherr said in July. Banks sometimes discount a holding’s value if the stake is large or would prove difficult to quickly divest.Goldman got in early on Uber, investing when the venture was just starting to expand. That allowed the bank to ride big gains as the company’s valuation exploded in recent years. It holds roughly 10 million shares of Uber.Avantor, a chemical maker for the life-sciences industry, has also been a big money spinner for Goldman. The bank and its client scored more than $400 million in proceeds from Avantor’s initial public offering in the second quarter, as well as merger advisory work before that.Goldman isn’t alone in facing pain from investments in newer companies after years of gains. Jefferies Financial Group Inc.’s third-quarter earnings took a hit from WeWork’s dropping valuation as the investment bank had to mark down its stake.To contact the reporter on this story: Sridhar Natarajan in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Michael J. Moore at email@example.com, Dan Reichl, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The pool of negative-yielding government bonds in the euro area now makes up almost 70% of those on the Tradeweb platform but was relatively stable from month-ago levels, according to new data from the electronic bond trading firm. Of the roughly 8.18 trillion euros of euro zone government bonds traded on Tradeweb, 68.8% or 5.63 trillion euros' worth, have a negative yield, data as of end-September showed. Of the roughly 3.4 trillion euros of euro investment grade corporate bonds traded on Tradeweb, around 1.17 trillion euros or almost 34% had a negative yield at the end of September.
One of newly public firms’ favorite tools to boost executives’ control may also be a long-term liability, according to Goldman Sachs.