Commodity Channel Index
|Bid||0.00 x 1400|
|Ask||0.00 x 1000|
|Day's Range||57.28 - 58.70|
|52 Week Range||20.04 - 66.68|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.00|
Carvana (NYSE: CVNA), Spotify (NYSE: SPOT), and Zillow Group (NASDAQ: ZG)(NASDAQ: Z) are three high-growth stocks that are just getting started. Carvana is the country's third-largest retailer of used cars, but its business model is completely different than that of traditional car dealers. For starters, it doesn't even have dealership locations.
April is typically the most popular month for sellers to list their homes on the New York City market, with 5,095 added in the month last year. This year, however, with NYC an epicenter of the global coronavirus pandemic, only 717 new homes came on the market — an 85% decline from 2019, according to the StreetEasy Market Reports[i].
Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell and finance homes, has resumed buying homes in five additional Zillow Offers markets, bringing the total to nine.
‘The initial impact will be felt mostly on plunging sales and listings volumes, not prices,’ said Robert Kavcic, senior economist at BMO Capital Markets.
Rent prices slowed more than they had in at least five years when the coronavirus pandemic hit, according to the April Zillow® Real Estate Market Reporti. But the for-sale market continues to heat up after a slower early April.
This Memorial Day weekend could mark the start of "homecation" season, as Americans reconsider their summer vacation plans and, instead, come up with creative ways to vacation at home.
Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today that due to the emerging public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of its employees, shareholders, and community, the 2020 Annual Meeting of Shareholders (the "Annual Meeting") will be held in a virtual-only format on June 9, 2020 at 2:00 p.m. Pacific Time. The virtual-only meeting location will be as announced in the proxy materials sent to shareholders on or about April 22, 2020. Shareholders will not be able to attend the Annual Meeting in person.
On Wednesday, Zillow hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before. Zillow has moved more than 5% past a 41.46 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Zillow posted -1,150% EPS growth in the latest quarterly report.
Zillow Group (ZG) resumes home buying for Zillow Offers in four of its markets, and announces implementation of new initiative to protect company stakeholders.
As the company reopens its iBuying division, Redfin CEO Glenn Kelman sees opportunity for iBuyers in beach towns.
Zillow shares were higher on Monday as the real-estate-services firm reopened its home-flipping program in certain markets.
Zillow Group Inc. said Monday it has resumed home buying in four of the markets Zillow Offers operates, with more markets to re-start soon. The markets are Phoenix; Tuscon, Arizona; Raleigh, North Carolina and Charlotte, North Carolina. The real estate services company had paused home buying on March 23, in response to the COVID-19 pandemic. The stock, which is still inactive in premarket trading, has lost 7.4% over the past three months, while the S&P 500 has dropped 15.0%.
Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell and finance homes, has resumed home buying in four Zillow Offers markets, with a renewed commitment to safety. The company is launching a health safety initiative -- Move Forward. Stay Safe. -- to help protect customers, employees and partners.
Touchstone Sands Capital Institutional Growth Fund recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -9.45% for the quarter, outperforming its benchmark, the Russell 1000 Growth Index which returned -14.10% in the same quarter. You should check out Touchstone Sands Capital’s top 5 […]
Moody's Investors Service (Moody's) affirmed RE/MAX, LLC's (RE/MAX) existing ratings, including the Ba3 Corporate Family Rating, and changed the outlook to negative from stable. Concurrently, Moody's assigned a Speculative Grade Liquidity Rating of SGL-2, reflecting good liquidity. "The outlook change to negative reflects Moody's expectation that a sharp decline in home sale transaction volume in 2020 and disruptions to RE/MAX's and its franchisees business caused by the coronavirus outbreak will lead to earnings decline and a spike in leverage in 2020," according to Dilara Sukhov, Moody's lead analyst on Re/Max. "The protections offered by the company's 100%-franchise structure, good liquidity and the expectation that the company's metrics will rebound as the US housing market recovers in 2021 support the affirmation of the ratings."
Companies like Lyft and Zillow Group are using convertibles to shore up their balance sheets or simply take advantage of strong investor demand for the hybrid securities.
Where people choose to live has traditionally been tied to where they work, a dynamic that through the past decade spurred extreme home value growth and an affordability crisis in coastal job centers. But the post-pandemic recovery could mitigate or even produce the opposite effect and drive a boom in secondary cities and exurbs, prompted not by a fear of density but by a seismic shift toward remote work.
Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today the pricing of concurrent underwritten public offerings of 8,000,000 shares of its Class C capital stock (the "Shares") at a price to the public of $48.00 per share and $500 million aggregate principal amount of its 2.75% convertible senior notes due 2025 (the "Notes"). Zillow Group also granted the underwriters of the Shares offering (the "Shares Offering") a 30-day option to purchase up to an additional 1,200,000 Shares and the underwriters of the Notes offering (the "Notes Offering") a 30-day option to purchase up to an additional $75 million aggregate principal amount of Notes, in each case solely to cover over-allotments. The Shares Offering and the Notes Offering are both expected to settle on May 15, 2020, in each case subject to customary closing conditions.
It's the latest example of a company taking advantage of the favorable market conditions created by the Federal Reserve's moves to support the economy.
Shares of Zillow Group (NASDAQ: ZG) (NASDAQ: Z) fell nearly 12% on Tuesday after the real estate platform said it would seek to raise $1 billion via stock and convertible debt offerings. In its recently released first-quarter earnings report, Zillow highlighted the steps it was taking to bolster its cash reserves during the COVID-19 crisis, ahead of what many economists believe will be a forthcoming economic recession. Zillow's cost-reduction initiatives helped it grow its cash and investments up to $2.6 billion by the end of March.
The U.S. death toll from the coronavirus that causes COVID-19 climbed above 81,000 on Tuesday, as President Donald Trump, defending his record on testing in the U.S., ended his White House news conference abruptly following an angry exchange with two reporters.