60.00 -0.65 (-1.07%)
Pre-Market: 5:18AM EDT
|Bid||60.02 x 800|
|Ask||61.92 x 1300|
|Day's Range||60.07 - 61.63|
|52 Week Range||51.15 - 129.50|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||24.07|
|Earnings Date||May 7, 2019 - May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||71.86|
Stocks are off to a great start in 2019. All three major indices are up more than 10%, led by a 16% rally in the Nasdaq Composite, and it's still only March.But, not all stocks have had a great year thus far. For every Roku (NASDAQ:ROKU) and Snap (NYSE:SNAP) -- two stocks that are already up more than 100% year-to-date -- there's another stock on the other end of the spectrum that has struggled for gains in 2019.For some of those struggling stocks, the pain will persist because the fundamentals are weak, and only getting weaker. Indeed, that's probably true for most stocks that have struggled amid the recent market rally.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, for other beaten up stocks, the pain could end soon. The fundamentals are weak today, but getting better. When they do get better, they will converge on a beaten up stock against a healthy market backdrop, and that convergence could spark a rip-your-face-off rally.That's why I've compiled a list of seven beaten up stocks that I think are ready to reverse course soon. These stocks may stay weaker for longer. But, the underlying fundamentals are improving, and ultimately, buyers who exercise patience at these levels should be rewarded with a big rally in the near- to medium-term future. * 10 Stocks on the Rise Heading Into the Second Quarter Which beaten up stocks made the cut? Let's take a look. Axon (AAXN)Source: Shutterstock % Off All-Time Highs: 37%One of my favorite growth stocks back in 2017 was Axon (NASDAQ:AAXN). The thesis was simple. The law enforcement world is outdated. It needs to be technologically upgraded. Axon provides solutions that do just that across a wide spectrum applications, including smart weapons, body cameras and digital recording systems. Adoption of these solutions will grow by leaps and bounds over the next several years. As it does, Axon stock, which seemed hugely undervalued at $20, will rally.Fast forward two years. The big rally in Axon stock happened. It jumped from $20 to nearly $80 in a year and a half. That rally was overdone. Now, the stock has pulled back in a big way to below $50. This pullback is likewise overdone. The core fundamental growth narrative of Axon improving processes and outcomes across the law enforcement world remains healthy and unchallenged (there are basically no competitors). The stock just got ahead of itself at $80.I've long maintained that Axon stock is fundamentally supported and attractive at $50. I maintain that stance today, and that's why I think this stock is ready to reverse course soon. Weibo (WB)Source: Shutterstock % Off All-Time Highs: 56%Calendar 2018 was unkind to all stocks, but particularly so to Chinese tech stocks. In the slaughtered China tech group, one of the biggest losers was Weibo (NASDAQ:WB), which dropped more than 60% off all-time highs and remains more than 55% off all-time highs today.Surprisingly, the big drop in Weibo stock had very little to do with Weibo-specific fundamentals. Those fundamentals have remained very good. The social networking platform has continued to add users and grow revenues at a robust pace, while it has largely maintained its margin profile and consequently grown profits at an equally robust pace. But, what happened in 2018 is everyone freaked out about a slowdown in China, and those fears coupled with escalating trade and FX headwinds to create a tremendous amount of selling pressure on Weibo stock. * 5 of the Best Stocks to Buy Under $10 Things are looking up for Weibo stock in the New Year. China's economy appears to be stabilizing. Trade headwinds are less severe. As are FX headwinds. Meanwhile, the company just reported quarterly numbers that comprised 28% revenue growth, 18% user growth and 26% profit growth. In other words, the macro is improving, and the micro remains favorable. As such, it seems like only a matter of time before Weibo stock stages a huge comeback rally. Nvidia (NVDA)Source: Shutterstock % Off All-Time Highs: 43%Chip giant Nvidia (NASDAQ:NVDA) used to be considered the unstoppable "AI company". Everyone thought that the company had a monopoly in supplying the building blocks for AI-powered technologies. Everyone also assumed that demand in AI-end markets would remain robust forever. Neither of those is true. Nvidia has stiff competition, and demand has slowed. As such, Nvidia has gone from being an unstoppable growth stock, to a severely beaten-up stock trading more than 40% off all-time highs.But, things should improve in 2019. The big headwinds that weighed on NVDA stock in 2018 were inventory issues putting pressure on margins, and trade and economic uncertainty headwinds diluting demand. Those headwinds will become old news in 2019. Nvidia is already cycling through its inventory issues, and trade and economic uncertainty headwinds have become significantly less severe. As such, in 2019, demand should come back into picture, while supply should be reduced. That will create a favorable backdrop for Nvidia to return to healthy revenue growth and gross margin expansion.When that happens, NVDA stock will stage a huge turnaround toward and potentially above $200. Capri (CPRI)Source: Shutterstock % Off All-Time Highs: 54%Shares of global fashion conglomerate Capri (NYSE:CPRI) have been hammered over the past several quarters for various reasons. One, the core Michael Kors brand has lost steam. Two, margins have been under pressure. Three, investors have questioned the Versace acquisition. All together, investor sentiment has been weak, and CPRI stock has dropped more than 50% off all-time highs.I think these concerns are overblown. In the big picture, the morphing together of three luxury fashion brands (Michael Kors, Jimmy Choo and Versace) under one fashion conglomerate umbrella mitigates the financial risks and noise associated with fashion-trend cycles, while boosting brand awareness and equity. Consequently, while the Michael Kors brand will continue to cycle between hot and cold for the foreseeable future, Capri's revenues in 2019 and after will show significantly greater stability. Margins will likewise improve with this enhanced stability. And, because of revenue and margin stability, the Versace acquisition will prove to be more than worth it -- it will ultimately be seen as necessary. * 7 Hot Stocks Under $4 It's only a matter of time before the market realizes this. When it does, investors will flock to this really cheap stock (9-times forward earnings) and that flocking could spark a big recovery rally. AT&T (T)Source: Shutterstock % Off All-Time Highs: 30%The narrative at AT&T (NYSE:T) has been dominated by cord cutting for several years now. Specifically, as more consumers have cut the cord, AT&T's historically stable cable business has struggled. That has created a drag on the company's revenue, margins and profits. To make matters worse, with the acquisition on Time Warner, AT&T is now one of the most indebted companies in history. A bunch of debt on muted profit growth doesn't exactly attract buyers. It attracts sellers, and that's exactly what has happened to this stock.But, a turnaround could be in store. The mainstream and widespread roll-out of 5G wireless coverage is coming, and that will provide a much-needed boost to this company's wireless business. Meanwhile, Time Warner content assets should give AT&T the necessary firepower to expand more deeply into the streaming world and offset cord cutting weakness. Rates have also stopped climbing, so pressure on the balance sheet is easing while the big 6.6% dividend yield is relatively more attractive.All in all, the fundamentals underlying AT&T stock will improve in 2019. As they do, this super cheap, beaten up stock will outperform. Twitter (TWTR)Source: Shutterstock % Off All-Time Highs: 57%In 2018, social media giant Twitter (NYSE:TWTR) was on a roll. Until it wasn't. The stock went from $25, to $50, back to $25, all in the same year, as investors couldn't figure out whether user growth really mattered. Ultimately, the market has settled on the fact that it does matter, as revenue growth and margin expansion have remained robust, but the user base has declined, and Twitter stock trades well off all-time highs.The market made the wrong conclusion here. Monthly active users is a meaningless metric without engagement. What are eyeballs if those eyeballs aren't really interacting or paying attention? Engaged eyeballs for advertising purposes are infinitely more valuable because they lead to more data, which leads to better targeting, more relevant ads, and more ad conversions. At Twitter, those engaged eyeballs continue to go up, as the number of engaged daily active users is growing at a ~10% year-over-year rate. * 5 Stocks To Buy for the Happiest Employees So long as that number continues to grow, revenues will grow, and so will margins. The market will realize this in 2019. When it does, you will see Twitter stock stage a big turnaround. Activision (ATVI)Source: Gamevil Inc. via Flickr% Off All-Time Highs: 48%Much like Twitter, Activision (NASDAQ:ATVI) stock was on a roll. But the stock went from $65, to $80, to $45, all in a matter of twelve months, because near-term positives quickly turned into near-term negatives. Specifically, everyone was expecting a big holiday quarter out of Activision thanks to a new Call of Duty release. That release got delayed. When the game finally did get released, adoption and engagement rates were underwhelming. Fans were disappointed. So were investors. ATVI stock dropped 50%.But, this 50% haircut in ATVI stock seems way overdone. In the big picture, Activision still has three big trends working in its favor. One, digital and mobile consumption globally is only growing, and that lends itself to continued growth in the video game industry, of which Activision is a big player with a broad portfolio of secular appeal games. Two, esports is just starting to come into its own, and Activision is behind arguably the world's most important esports league. Three, innovation in the video game industry is nearing a breakthrough with things like AR/VR and cloud gaming, and those breakthroughs could supercharge growth across the whole industry.Overall, the long-term positives here significantly outweigh the near-term negatives. As such, patience will be rewarded. Eventually, near-term negatives will phase out. When they do, Activision stock will pop in a big way.As of this writing, Luke Lango was long ROKU, AAXN, WB, CPRI, T, TWTR and ATVI. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 Beaten-Up Stocks to Buy as They Reverse Course appeared first on InvestorPlace.
Can China Manage Growth without Fueling a Debt Crisis?(Continued from Prior Part)Chinese consumers The Chinese economy (FXI) has been shifting from being led by investments to being driven by consumption. China’s consumption accounts for over
SINA fourth-quarter 2018 results benefit from solid user base and Weibo's robust performance but regulatory changes in SME sector hurts.
Weibo stock fell Tuesday, along with Sina, as the two China internet companies reported fourth-quarter earnings before the market open that beat Wall Street estimates, as did their outlook.
BEIJING , March 5, 2019 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB), a leading social media in China , today announced its unaudited financial results ...
As a recent documentary from China’s state-owned CCTV network suggested, the groundswell of popularity for Cai’s video was inflated by agencies buying support from fake social-media accounts. While such accounts pose a problem all over the world, they’re thought to total as much as 40 percent of all active users in China. A campaign against fake social-media accounts, however, is one China’s internet users and businesses should really get behind.
Investing can be hard but the potential fo an individual stock to pay off big time inspires us. You won't get it right every time, but when you do, theRead More...
NIO: Which Key Factors Drove the Stock in February?(Continued from Prior Part)NIO In the final week of January, NIO (NIO) announced the offering of $650 million convertible five-year bond to raise funds and utilize the funds “to pay the costs of
NIO: Which Key Factors Drove the Stock in February?NIO So far, 2019 is proving to be great for NIO (NIO) investors. For the first time since the stock was listed on the NYSE in September, the company’s stock ended in the positive territory for
Why JD.com Popped ~10% TodayJD.com This morning, Chinese e-commerce giant JD.com (JD) was trading on a strong bullish note. Earlier today, the company’s ADS (American depository share) posted a high of $28.52 for the day, up about 9.8% from
A children's song with patriotic lyrics praising Huawei Technologies has gone viral, China's state-run tabloid the Global Times said, although the Chinese company has distanced itself from the video which has been mocked online. The video, which was posted on Chinese social media platform Weibo on Wednesday, features children singing a song called "Huawei Beauty" as they dance and cheer. In the video, children in uniform white T-shirts with the Chinese characters of "China" written on them, sing: "We love our country, we love homegrown brand Huawei" and "China's homegrown chips are the most valuable".
NIO Investors on Cloud Nine with 35% Gains in Five Days(Continued from Prior Part)China’s EV sales growth Previously in this series, we looked at China’s declining overall vehicle sales for the last eight months. Nonetheless, a consistent
NIO Investors on Cloud Nine with 35% Gains in Five Days(Continued from Prior Part)NIOIn the previous part of this series, we began our discussion by looking at the solid stock gains for Chinese electric carmaker NIO (NIO). On February 26, its stock
NIO Investors on Cloud Nine with 35% Gains in Five DaysNIOChinese electric carmaker NIO’s stock (NIO) has impressed investors in 2019 so far. As of February 26, the stock has risen about 35% in the previous five trading days. On a month-to-date
Citron’s Andrew Left Booked Profit in NIO: Should You?NIOThe stock of the popular Chinese electric carmaker NIO (NIO) has been rising for the last five sessions in a row. As of February 26, the stock was up 24.2% on a month-to-date basis, while
U.S. large-cap stocks were pushing relentlessly higher on Monday after President Donald Trump announced a delay in the imposition of another round of tariffs on Chinese imports thanks to solid progress between trade negotiators.Wall Street is viewing this as an indication a deal is forthcoming. And just in time, too, as China's economy (and stock market) has been hit harder during the long tit-for-tat trade spat. An effort by Beijing to pump up the economy with another round of credit stimulus, including central bank easing, isn't having nearly the impact such moves have had in the past. * 7 Cheap Stocks That Make the Grade No surprise then that the iShares China ETF (NYSEARCA:FXI) is up more than 2% to break out of an eight-month funk, returning to levels not seen since June. Here are four China stocks worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips China Stocks: Weibo (WB)Shares of Chinese Twitter (NYSE:TWTR) knockoff Weibo (NASDAQ:WB) are exiting a five-month consolidation range to push towards its 200-day moving average, returning to levels not seen since early October. Watch for a breakout here, which would end a long downtrend that started more than a year ago and resulted in a loss of more than 50% from the prior high.The company will next report results on March 5 before the bell. Analysts are looking for earnings of 76 cents per share on revenues of $482 million. When the company last reported on Nov. 28, earnings of 75 cents per share beat estimates by five cents on a 44% rise in revenues. Sina.com (SINA)Shares of China stock Sina.com (NASDAQ:SINA) are also exiting a long, multimonth consolidation range and look ready to end a year-long downtrend that also resulted in a 50%-plus decline from the prior high. The rally comes at a bad time for the analysts at CLSA, which downgraded the stock on Feb. 19. Credit Suisse analysts initiated with a "neutral" rating on Feb. 4.The company will next report results on March 5 before the bell. Analysts are looking for earnings of 80 cents per share on revenues of $575.3 million. * 9 High-Growth Stocks to Buy Now for Monster Returns When the company last reported on Nov. 28, earnings of 93 cents per share beat estimates by 24 cents on a 25.8% rise in revenues. Nio (NIO)Shares of Chinese electric vehicle startup Nio (NYSE:NIO) are breaking up and out of their post-IPO trading range, prepping what looks like a rally at the September high. While American competitor Tesla (NASDAQ:TSLA) is pushing into their market with the start of construction of a Gigafactory in Shanghai, the company was the subject of a 60 Minutes segment over the weekend talking about China's state-backed efforts to dominate the industry.The company is already in market with its ES8, a 7-seater premium SUV and an upcoming smaller SUV dubbed the ES6. JD.com (JD)JD.com (NASDAQ:JD) shares are rising up and out of a six-month basing pattern with a move towards its 200-day moving average. Shares also fell more than 50% from their early 2018 highs, and should be good for a 50% retracement of the loss at the very least. That should target a rise to around the $35-a-share level, which would be worth a gain of around 30% from here.The company will next report results on Feb. 28 before the bell. Analysts are looking for a loss of four cents per share on revenues of $19.7 billion. * 7 Healthy Dividend Stocks to Buy for Extra Stability When the company last reported on Nov. 19, earnings of 12 cents per share beat estimates by one cent.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability Compare Brokers The post 4 China Stocks Soaring on Trade Hopes appeared first on InvestorPlace.
BEIJING, Feb. 22, 2019 /PRNewswire/ -- Weibo Corporation (WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the fourth quarter and fiscal year 2018 before the market opens on Tuesday, March 5, 2019. Following the announcement, Weibo's management team will host a conference call from 6 AM - 7 AM Eastern Time on March 5, 2019 (or 7 PM - 8 PM Beijing Time on March 5, 2019) to present an overview of the Company's financial performance and business operations. Weibo is a leading social media for people to create, share and discover content online.