140.27 0.00 (0.00%)
After hours: 4:07PM EST
|Bid||137.76 x 800|
|Ask||140.15 x 800|
|Day's Range||139.83 - 143.39|
|52 Week Range||100.71 - 155.75|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 17, 2020 - Feb 23, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||155.87|
(Bloomberg) -- Adobe Inc. unveiled a cloud-based system to help clients build websites, bringing one of its last legacy products to the cloud almost a decade after shifting to internet-based software.The new content management system already is being used by some customers, the San Jose, California-based company said Monday in a statement. The software maker announced the service at the National Retail Federation conference in New York.Adobe is the largest vendor for enterprise customers in a $3.8 billion market for software that builds websites and manages digital assets, according to data from research firm IDC. The company said it’s the first to provide a purely cloud-computing based solution to large business clients. The software maker currently manages 15 billion web page visits per day and more than 50 million digital assets, including images and videos, across its customer base. Wix.com Ltd. and closely held Squarespace are among the competitors in the field.Companies are increasingly attempting to differentiate themselves with personalized customer experiences, led by websites and marketing materials. Adobe’s “Experience Manager” is also being used to power in-store, interactive screens that retailers have begun using to teach shoppers more about their products.Adobe has spent almost four decades quietly dominating small patches of the technology industry. While it is synonymous for its creative and design software, led by Photoshop, the company has continually invested in new products to maintain leading positions in areas such as marketing, advertising, and customer experience software. The product expansion fueled a 24% revenue increase last year. Wall Street responded favorably, with Adobe’s stock climbing 46% in 2019.Chief Executive Officer Shantanu Narayen moved much of Adobe’s product suite to the internet in 2011, leading to years of growing revenue and setting an example followed by other software makers, including Microsoft Corp. For years, clients who used content management systems weren’t ready to change their way of doing things, Loni Stark, a senior director of strategy and product marketing at Adobe, said in an interview. But added pressure on brands to modernize with sophisticated websites and applications have changed their calculations.Experience Manager’s transition to the cloud “means companies can deliver content faster and be always current on the latest capabilities we’re delivering out there,” Stark said.Apparel company Under Armour Inc. and mapping company Esri Inc. have begun using the new service, and extolled the quicker uploading times and ease of use.“There are no servers to manage,” Bill Phillips, an applications manager at Esri, said in an interview. “Our developers can focus on developing our website and helping get our marketing message out there quicker.”Adobe Experience Manager was previously available as a hosted service, with the software maker managing the infrastructure for clients. But it relied on old-school software that required lengthy download periods for patches and updates, rather than the continuous updates available with internet-based software.“I think of this as a new beginning, a new decade,” Stark said.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The SPDR S TR/S&P INTERNET ETF (NYSE: XWEB ) has gained about 9% year-to-date, underperforming the Nasdaq Composite Index, which has soared about 34% in the same period. Given the catching up the subsector ...
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]
Wix.com, Ltd. is sharing its review of 2019 website creation behavior. Using internal anonymized data, the report takes a look at trends in website building across the United States, including peak days and times for creativity and which cities are outpacing their population to produce the most sites.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees in 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]
The stock market has had a fantastic year, with the S&P 500 in particular rising nearly 25% so far. Certain sectors such as tech have done particularly well, and some former laggards like the big banks have also come roaring back. All in all, there's plenty for investors to be thankful for this holiday season.But it's not time for complacency. Soon, 2019 will be over and everyone's returns will reset to zero as the new year kicks off. Don't forget to handle any tax loss selling, retirement plan contributions and other such matters that need to be taken care of before the Dec. 31 deadline. Once that is done, though, all eyes will be on 2020. * 7 Earnings Reports to Watch Next Week As such, it's time to start looking at some of the top stocks to buy for 2020. While momentum sometimes continues for years on end, oftentimes, the market switches focus from one area to another as the calendar changes. Hence the popularity of strategies such as the Dogs of the Dow that seek to profit from reversion to the mean. With that in mind, here are seven stocks that may not have won that many performance awards in 2019, but are more likely to be top stock picks to buy in 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stocks to Buy: ExxonMobil (XOM)Source: Jonathan Weiss / Shutterstock.com As of this writing, only 78 of the S&P 500 companies are in negative territory year to date. And that figures. With the market up so big on the year, most individual stocks should be in the green. Down 1% year to date, however, Exxon Mobil (NYSE:XOM) is by far the largest company of the bunch not to advance in 2019. Don't count it out though, this year's biggest dog will hunt in 2020.Why's that? The oil market seems to be nearing a turning point since the 2014 crash in oil prices. The easy capital has finally left the sector. Dozens of smaller E&P firms have gone bankrupt. The shale revolution is quickly running out of juice. We don't have an unlimited amount of cheap oil available to produce; on top of that, political regulation is making it more difficult to drill for new resources. Witness California putting major new measures in place to limit fracking, for example.All the attention may be on proposed new regulations, including a potential national fracking ban if certain Democratic candidates are elected. While that's a concern for smaller players, for Exxon, a major turnaround is brewing regardless. It has oil supplies from around the globe, and is bringing new major projects online from various areas such as Guyana. All in all, Exxon is aiming to double earnings and cash flow over the next five years or so. Given that Exxon is already one of the world's most profitable companies and pays a generous 5% dividend yield, any sort of major growth will send XOM stock soaring. The turnaround in oil prices, should it kick off in 2020, would provide another major boost as well. Avalara (AVLR)Source: PRONEC Corporation via FlickrOver the past few months, there has been a big shift in the e-commerce space. Amazon (NASDAQ:AMZN) stock has lost momentum, as investors increasingly question its strategy around brick and mortal retail, and streaming, among other issues. Meanwhile, newer fresher e-commerce platforms like Wix (NASDAQ:WIX) and Shopify (NYSE:SHOP) are enjoying exponential growth.What's the common thread for these new e-commerce success stories? They tend to empower smaller businesses and web entrepreneurs to get into e-commerce in a big way. These smaller operations are not set up to handle all sorts of back-office and accounting functions that a massive retailer like Amazon can. The result? You need firms to handle mundane but mission-critical things such as managing and reporting sales tax collection.Enter Avalara (NYSE:AVLR), the leading Software-as-a-Service company in this field. Since a Supreme Court decision last year opened the way to far more online sales tax collection, Avalara's business has taken off. Every quarter, it has been reporting an accelerating revenue growth rate and faster new client sign-ups. It's now heading into overseas markets as well as it actively broadens its competitive moat. Avalara has partnerships with Wix, Shopify and other such platforms to directly link Avalara's sales tax software into those commerce engines. This creates a clear growth avenue for Avalara as companies like Shopify sign up more users. * 7 Companies Using Artificial Intelligence to Outperform the Market At a $6 billion market cap, Avalara is still a relatively niche player, and it has plenty of growth runway ahead of it. That's if a major tech player doesn't buy it out first. AVLR stock got whacked on the SaaS stock selloff this fall, and is still down 15% from its highs even after another blow-out earnings report earlier this month. The discount won't last for long; look for AVLR stock to make new highs in 2020. Unilever (UN) (UL)Source: 360b / Shutterstock.com For the more income-focused investor, Unilever (NYSE:UL) (NYSE:UN) is one of the compelling stocks to buy at this price. Unilever is a giant assortment of consumer food and personal hygiene brands. It includes marks such as Lipton tea, Ben & Jerry's ice cream, Hellman's mayonnaise and Axe, Rexona and Degree antiperspirants.Many of these sorts of consumer staples companies have traded up sharply -- Hershey (NYSE:HSY) and Procter & Gamble (NYSE:PG) have both posted huge gains over the past year and now trade around 25x earnings. Unilever hasn't gone up as much yet, likely since it isn't a U.S.-based company, and thus hasn't enjoyed the same passive money flows that have pushed up defensive U.S. stocks. European stocks, by contrast, have underperformed, with general economic weakness there and Brexit concerns keeping investors away.In any case, Unilever stock now sells at just 20x forward earnings; that's a substantial discount to similar peer companies. The company is growing revenues at more than 5% annually, which is a nice figure within consumer staples at the moment. The dividend, at 3.1%, also stands out, particularly since the company tends to hike it at a high single-digit rate most years.Finally, I'd note that Unilever has two listings, UL and UN stock. These have the same economic interest in Unilever; however, the UL shares operate under British jurisdiction, which means that its dividends are paid to American shareholders without any foreign withholding tax, making it the superior option for most U.S.-based holders. Hormel Foods (HRL)Source: Mike Mozart via Flickr (Modified)With Thanksgiving just around the corner, it's natural to think of mainstay Hormel Foods (NYSE:HRL) products such as turkey and ham. But there's much more to the company than just traditional meat products. Hormel is now a leader in a variety of more millennial-oriented products, including organic and non-GMO meats, nut butters, ready-to-eat guacamole and Mexican salsas.On top of that, Hormel has recently made a big move into the plant-based protein space with its Happy Little Plants ground protein product. Hormel's CEO, Jim Snee, indicated that the company had looked into buying a rival plant-based company, but concluded it was cheaper to do it on their own. Hormel went from concept to market with Happy Little Plants in just three months, showing Hormel's robust R&D and distribution capabilities.Why is HRL one of my stocks to buy for 2020? It's one of the more attractive Dividend Kings (a company that has raised its dividend more than 50 years in a row) at the moment. * 10 Tech Stocks to Buy Now for 2025 Its share price has been flat recently as investors fret about the African Swine Fever and its impact on the global supply of pigs. Higher pork prices hit Hormel's profit margins on products such as SPAM and Black Label Bacon. Once those concerns pass, however, HRL stock could easily make a 30%-plus run-up in share price, as peers like Procter & Gamble and Hershey already have. Finally, as the Beyond Meat (NASDAQ:BYND) bubble continues to deflate, money should flow back into more traditional protein-centered companies. Facebook (FB)Source: Ink Drop / Shutterstock.com It's shocking how cheap Facebook (NASDAQ:FB) stock remains. With every passing month, the Cambridge Analytica scandal fades farther into the rearview mirror. Yet, FB stock is still priced as though some major business disruption is coming.How else do you explain the fact that FB stock is selling for just 21x forward earnings despite posting earnings growth of a similar rate? Or that revenue growth came in at a startlingly fast 29% over the past year? Bears kept saying that all the regulatory problems would lead to a massive drop-off in Facebook's business. It hasn't happened. Not even a little bit.Sure, margins are down due to all the steps they've taken to improve the platform's security. But earnings are still growing at more than 20% per year, even during this big hiring period. And revenues are growing at nearly 30%. The whole cancel Facebook thing really didn't play out, meanwhile Facebook's other properties -- Instagram and WhatsApp -- continue to explode in popularity. Facebook's balance sheet is also pristine, with tens of billions in net cash. Don't overthink it, Facebook stock is a great opportunity for 2020. Altria (MO)Source: Kristi Blokhin / Shutterstock.com It appears that the worst has passed for the tobacco industry. Not too long ago, I focused on four vaping stocks to buy as the sector slumped under the weight of intense regulatory and media scrutiny.Sentiment is swinging rather quickly, however. The Trump Administration appears open to allowing flavored e-cigarette product sales again, contrary to previous reports. This would be a big win for Juul, and by extension Altria (NYSE:MO), which has a large Juul stake. Furthermore, the Food and Drug Administration just dropped plans to reduce the amount of nicotine in cigarettes. Meanwhile, the media's focus has shifted away from vaping in general as a huge societal ill to more nuanced reporting focusing on the specific causes of vaping illness such as contaminants in unlicensed black market cartridges. * 10 Mid-Cap Dividend Stocks to Buy Now With all that favorable news, Altria stock has now bounced off the lows; it's back up from $40 to $48. Still, that's down from $75 in 2017 and $58 as recently as earlier this year. At $48 a share, MO stock still yields 7%, making it one of the hottest dividend players out there for 2020. JD.Com (JD)Source: Sundry Photography / Shutterstock.com I recently laid out the full case for JD.Com (NASDAQ:JD) following the company's most recent earnings report. To summarize, JD announced another excellent quarter, with accelerating growth, solid margins and strong cash flow generation. This was all the more impressive because JD managed these results during a time when the Chinese economy is struggling and consumers have pulled back.Look at the results from rival Pinduoduo (NASDAQ:PDD) that just came out, and which caused PDD stock to plummet more than 20%. It's clear that the consumer is hurting, yet JD was able to maintain its market share and keep the business growing in spite of the headwinds.This puts JD in a favorable position for whenever things turn around with China's economy more generally. Throw in any sign of a trade deal or other warming in U.S.-Chinese relations, and JD stock should soar. For now, relations appear to be heading in the opposite direction, which could offer a compelling "buy on the dip" opportunity in JD stock heading into 2020.At the time of this writing, Ian Bezek owned XOM, UL, AVLR, HRL, FB, HSY, MO and JD stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Using Artificial Intelligence to Outperform the Market * 7 Earnings Reports to Watch Next Week * 6 Retail Stocks Dropping Hard Ahead of Black Friday The post 7 Top Stocks to Buy for 2020 appeared first on InvestorPlace.
NEW YORK , Nov. 20, 2019 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX ), today announced that Lior Shemesh , CFO, and Joe Pollaro , GM of the US, will present at the 41st Nasdaq Investor Conference at the ...
Wix.com (WIX) delivered earnings and revenue surprises of 46.43% and -0.48%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Wix.com, which helps small businesses build and operate websites, reported higher profit and revenue in the third quarter, but lowered the upper end of its full year revenue forecast range to adjust for recent foreign exchange moves. It posted on Thursday quarterly net profit of 41 cents a share excluding one-time items, compared with 39 cents a year earlier and in line with analysts' estimates. Israel-based Wix offers free basic features for setting up websites but users must pay for extra services such as shopping carts, individual web addresses and site traffic analysis.
-Strong growth trajectory continues in Q3, reflecting the success of global pricing optimization and continued growth of registered users and premium subscriptions --Revenue of $196.8M , up 26% Y/Y --Collections ...
NEW YORK, Nov. 12, 2019 /PRNewswire/ -- Wix.com Ltd (WIX) has globally launched Wix Fitness, powering fitness entrepreneurs to start, build, manage and promote their fitness business directly from the Wix platform. Wix Fitness provides all the tools instructors, trainers, coaches and studio owners need to easily manage every aspect of their business from their website or on the go from the Wix App. Wix Fitness handles bookings, subscriptions, e-commerce including coupons, SEO and email marketing, as well as a chat-centric interface that allows for real-time interactions with customers.
Wix.com (WIX) 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.
Avishai Abrahami built a commanding $5 billion company that powers millions of websites. But the Wix CEO still says he has millions of bosses who push him to do better.
Wix.com Ltd. (NASDAQ:WIX) shareholders might be concerned after seeing the share price drop 14% in the last quarter...
NEW YORK , Nov. 5, 2019 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX ), today announced that Lior Shemesh , CFO, and Joe Pollaro , GM of the US, will present at the 2019 RBC Global Technology, Internet, Media ...
NEW YORK , Oct. 24, 2019 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the third quarter ended September 30, 2019 before the market opens on Thursday, ...
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]