|Bid||99.76 x 800|
|Ask||100.00 x 800|
|Day's Range||97.53 - 101.96|
|52 Week Range||59.94 - 105.99|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||8,315.83|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.82|
European Central Bank President Mario Draghi turned ultra-dovish in a speech in Portugal on Tuesday. Is this a motivation for Federal Reserve Chairman Jerome Powell and his cohorts to cut interest rates as they meet this week? President Trump on Tuesday blasted Draghi because stimulus in Europe means a lower euro versus the dollar, giving an edge to European companies in their exports to the U.S. On the other hand, the U.S. stock market is encouraged by Trump’s tweet of a “very good” phone call with President Xi of China and the news of an extended meeting with him at the G20.
Slack Technologies Inc. is looking for a better direct-listing fate than Spotify Technology SA. The music-streaming service reminded tech unicorns late last year that companies don’t have to issue new shares or raise money through a traditional offering if they wish to go public, and now Slack is following in its footsteps. The business-chat company has filed direct-listing paperwork.
Coming into the year, everyone knew that 2019 was going to be a record year for the IPO market. You had big growth technology companies like Uber (NYSE:UBER), Lyft (NASDAQ:LYFT), Palantir, Airbnb, Slack, DoorDash and many others set to go public in a wave of huge tech IPOs that the market hadn't seen anything like since 2000. Beyond the volume of IPOs, Wall Street was also broadly excited for these companies to finally go public, as many investors viewed the big dogs in the 2019 IPO market as a group of long term winners.Fast forward six months. The 2019 IPO market has had massive success. But for different reasons than expected. Two of the larger IPOs of 2019 -- Uber and Lyft -- were duds. Offsetting weakness in those IPOs is tremendous strength from a plethora of smaller IPO stocks.In other words, while the 2019 IPO market is as red hot as everyone expected, it's the small guys that are making it red hot, not the big dogs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the long run, the big dogs should catch up. But the smaller players will remain red hot, too. Wall Street is starting to realize just how many hidden gems there were in the 2019 IPO pipeline, and many of these hidden gems are in the first innings of multi-year growth narratives. * 7 Top-Rated Biotech Stocks to Invest In Today With that in mind, let's take a look 5 red-hot IPO stocks that should continue to run higher in the long term. Red Hot IPO Stocks: Beyond Meat (BYND)Source: Shutterstock Return From IPO: 568%At the top of this list is not just the hottest IPO stock of 2019, but the hottest IPO stock of the past decade, too. Plant-based meat producer Beyond Meat (NASDAQ:BYND) went public at $25 per share in early May. Just over a month and one earnings report later, BYND stock is up at $167, representing a more than six-fold increase in less than 30 trading days.Why the huge run up? Plant-based meat is the biggest trend in the food industry. As consumers are becoming increasingly aware of their own health, the environment and animal welfare, they are increasingly shifting away from animal based diets. The first pivot was in dairy. Now, plant-based dairy comprises north of 13% of total dairy sales. The next pivot is in plant-based meat, which comprises less than 1% of total meat sales today but is on an exponential growth track to 10%-plus share in the not-too-distant future.There are two companies at the epicenter of this plant-based meat pivot: Beyond and Impossible. Impossible isn't public. Beyond is. Thus, any investor seeking exposure to the huge plant-based meat trend has only one option: buy BYND stock. This dynamic, coupled with the fact that Beyond continues to report sizzling growth across all its channels, has pushed BYND stock up nearly 500%.This rally will inevitably cool. All trends are overhyped on the onset. The plant-based meat shift is no different. As the hype train cools, BYND stock will gave back some of its parabolic gains. But in the long run, plant-based meat is the future, Beyond Meat projects as a very important player in the plant-based meat market, and Beyond's growth trajectory will remain robust for a lot longer. That robust growth will ultimately drive BYND stock higher in the long run. Zoom Video (ZM)Source: ZoomReturn From IPO: 174%Next up, we have a technology company that is very quickly becoming an important player in the secular growth enterprise video conferencing market. Zoom Video (NASDAQ:ZM) went public at $36 per share in late April. The stock doubled in its first day of trading, trended higher over the next few weeks, and then shot up another 20% after its first earnings report as a public company. Net net, ZM stock is up 174% from its IPO price.Why the big run up in ZM stock? With Zoom, you have an exceptionally rare combination of big revenue growth, huge long-term potential and profitability. In the business world, there are a lot of really small companies out there growing very quickly, with a ton of room to keep growing for a lot longer. But most of those companies are running huge losses while they are spending an arm and a leg to grow. Meanwhile, there are also a bunch of bigger companies that are still growing very quickly and are profitable, but which have largely maxed out their market, and the runway for further growth is limited.Zoom takes the best of both of those companies and leaves out all the rest. Zoom is growing very quickly. They reported 100%-plus revenue growth last quarter. They are also very small, controlling less than 5% of the video conferencing market. On top of that, because the company operates at 80%-plus gross margins and controls spend well, Zoom is already profitable. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 Investors can't get enough of this trifecta of big growth, long runway and profitability. In the near-term, ZM stock is slightly overvalued and overstretched and needs to retreat. But after that near-term retreat, the long-term uptrend will resume, mostly because these is visible runway here for Zoom to keep growing profits at a robust rate over the next several years. Pinterest (PINS)Source: Shutterstock Return From IPO: 67%The digital advertising world has a lot of viable players, many of whom are already public. Nonetheless, investors were excited to see Pinterest (NYSE:PINS) go public in late April. The stock went public at $17 per share. It zoomed to $35 by the end of April, and even though a disappointing earnings report has caused shares to come back to reality, PINS stock is still up more than 65% from its late April IPO price.The run-up in PINS stock is pretty easy to understand. Pinterest is a huge platform, with nearly 300 million monthly active users around the world. That number is still growing. By a lot. Last quarter, monthly active user growth was 22%. Further, those 300 million monthly active users are somewhat self-filtering, since the Pinterest platform itself attracts a unique and somewhat homogeneous demographic. Even further, it's easy to put visual ads on Pinterest, since everything is pretty much already a picture of a product or a place.Considering all that, then Pinterest should have no trouble building out its still nascent advertising business. At scale, that advertising business should be nearly as big as the ad business over at Twitter (NYSE:TWTR) since the two platforms have comparable size in terms of monthly active users. Yet, Twitter has a market cap of $30 billion. Pinterest has a market cap of $15 billion.Thus, the long-term growth potential for PINS stock -- assuming the company can successfully build out its ad business -- is enormous. Jumia (JMIA)Source: Shutterstock Return From IPO: 62%One of the lesser known but more explosive IPOs of the year has been that of African e-commerce giant Jumia (NASDAQ:JMIA). Jumia went public at $14.50 per share in early April. By late April, JMIA stock was trading hands near $50. The stock has since settled down amid a few short-seller reports, but it's still up more than 60% from its early April IPO price.The core growth narrative here is very simply and straightforward. Jumia is being hailed as the Amazon (NASDAQ:AMZN) of Africa, mostly because Jumia is Africa's most important and dominant e-retailer with a rapidly expanding logistics arm. Africa is the last frontier of the technology revolution. Internet penetration across the continent remain well below the global average, and the digital economy (including e-commerce) is still nascent. This won't remain true forever. Eventually, the tech revolution will come to Africa -- just like it came to Asia -- and it will produce an enormous growth opportunity.Jumia is at the center of all that growth. They are the biggest player, growing super quickly, with a retail footprint and logistics network that will be hard for any foreign competitor to replicate. As such, investors have looked at Jumia as a long term play on the secular growth Africa e-commerce market, and JMIA stock has consequently risen. * 4 Semiconductor Stocks to Sell But there have been some short-seller reports circulating which basically call Jumia a fraud. These claims have knocked the stock from its post-IPO highs. But these claims don't seem to hold much water in the big picture. In that big picture, regardless of near term noise, Jumia is the most important and biggest player in the rapidly expanding and potentially enormous Africa e-commerce market. In the long run, if Jumia can maintain its leadership position in that market, JMIA stock will head way higher. Revolve (RVLV)Source: Shutterstock Return From IPO: 128%The newest stock on this list is millennial-focused online fashion retailer Revolve (NASDAQ:RVLV). In early June, Revolve priced its IPO at $18 per share. RVLV stock opened trading at $25, up 40%, and closed the day at $34, marking a 90% move higher in the stock's first trading day.What's the all the hype about? Revolve is attacking the fashion game using a unique, more modern approach which has allowed the brand to win over millennial customers. This approach includes a few key pillars. First, they are online only, so that aligns with the e-retail trend. Second, they leverage social networks and influencers to grow reach and drive awareness, so that aligns with the fact that millennials spend most of their time watching their favorite influencers in various social media channels. Third, everything is data-driven based on millennial-centric data, so that allows Revolve to deliver an elevated millennial-focused shopping experience with a more relevant merchandise assortment.Put that all together, and it's no wonder Revolve has turned into one of the millennial generation's favorite retail platforms, that grew sales by over 20% through the first half of 2018.In the long run, this stock should head higher. Millennial consumers are growing up and making more money, meaning they are becoming an increasingly important driver of retail consumption. Those millennial consumers love Revolve. Thus, as they become bigger spenders over the next several years, they will spend more on Revolve, and Revolve's sales will continue to grow at a healthy rate. The company also operates around 50% gross margins, with positive and rising operating margins, so the outlook for robust profit growth is quite favorable.Ultimately, that robust profit growth should drive RVLV stock higher in the long run.As of this writing, Luke Lango was long UBER, LFYT, BYND, PINS, JMIA and AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 5 Red-Hot IPO Stocks to Buy for the Long Run appeared first on InvestorPlace.
(Bloomberg) -- Eric Yuan is a billionaire on the move.The Zoom Video Communications Inc. founder has jumped into the ranks of the world’s richest people as shares of the company soared 180% since their market debut in April. That surge means Yuan joins the 500-member Bloomberg Billionaires Index, with a net worth of about $5.3 billion.“We’re just getting started,” Yuan, 49, said in a phone interview. “And we’re going to keep working harder.”Zoom is a rare breed: a recently listed U.S. tech company that actually makes money. Last week, the video conferencing firm reported a modest fiscal first-quarter profit and revenue that beat Wall Street estimates, results that Oppenheimer & Co. analyst Ittai Kidron described as a “slam dunk.”Shares of Zoom closed Thursday at $100.95, giving the San Jose, California-based company a market value of $27.5 billion.That’s “astronomical,” said Summit Insights Group analyst Jonathan Kees, who has a sell rating on the stock and a $45 price target. “Investors are being overzealous.”Zoom counts Uber Technologies Inc. and Delta Air Lines Inc. as customers and vies with Microsoft Corp.’s Skype in the meeting-software sector.Yuan joins Ken and Michael Xie, the brothers behind cybersecurity company Fortinet Inc., as Chinese immigrants who became Silicon Valley billionaires. He and his family sold shares worth $57 million at Zoom’s initial public offering on April 17, when his stake was valued at $1.9 billion, below the threshold for inclusion in the Bloomberg wealth index, which currently stands at about $4 billion.He said he eventually plans to devote part of his wealth to philanthropy, citing education and homelessness as priorities, but for now he’s focused on growing the company he founded eight years ago.To contact the reporter on this story: Ben Stupples in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Pierre Paulden at email@example.com, Peter Eichenbaum, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
IPO stocks have captured the imagination of investors this year. A slew of high-profile companies (and even some not-so-well-known ones) have delivered robust profits to shareholders. And it's not just the buy-and-hold folk being rewarded. Momentum lovers and tactical traders are finding ample opportunities in the class of 2019.It is this latter group that will find today's gallery most helpful. We're featuring three IPO stocks currently flashing compelling chart patterns for bullish trades. Freshly minted stocks in the public square offer the potential for big gains and big losses. Some, like the Facebooks (NASDAQ:FB) and Paypals (NASDAQ:PYPL) of the world go on to become mega-winners granting triple-digit returns. Others -- think Blue Apron (NASDAQ:APRN) -- quickly head toward zero. * 7 High-Quality Cheap Stocks to Buy With $10 The potential for outlier returns is what makes playing IPO stocks so darn attractive. To help boost your odds, we'll suggest options trades for each of today's selections.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's take a closer look. 3 Options Trades for 3 IPO Stocks: Uber (UBER)Source: ThinkorSwim We begin with the most popular and undoubtedly the most widely anticipated stock of the bunch -- Uber Technologies (NYSE:UBER). Though we've yet to see eye-popping returns, the price action for UBER stock has been quite constructive since last month's IPO.A series of higher swing highs and higher swing lows have formed, creating a short-term uptrend. Recently UBER stock formed a textbook five-bar pullback to its rising 20-day moving average (yes, we now have a 20-day MA to play with!). The selling was orderly, and the retracement did nothing more than return the stock to a previous resistance zone.Traders banking on the principle of polarity will look for the old ceiling to become a new floor. If you're willing to bet UBER will sit above $39 at July expiration then sell the July $39/$34 bull put for 60 cents. The reward is $60 per contract, and the risk is $340. Options are pricing in an 80% chance of success. Beyond Meat (BYND)Source: ThinkorSwim Beyond Meat (NASDAQ:BYND) has taken the Street by storm. From its humble opening print of $46, the purveyor of plant-based meat substitute products has grown into a stock vying for world domination. At last week's peak of $186.43, BYND stock's gains eclipsed 305%. And it's barely even one month old!Skeptics will justifiably point out the meteoric rise being a byproduct of an epic short squeeze that took place after earnings. There's no doubt BYND has completely detached from its underlying fundamentals. But such is always the case in the early days of an IPO. Hype and sentiment reign supreme. * 7 Stocks to Buy for the Coming Recession Options provide a simple way of gaming the excessive volatility. Premiums in BYND options are through the roof. If you think the stock can stay aloft for the next few weeks, then selling puts offers an attractive payout. For example, you can sell the July $85/$80 bull put spread for 70 cents. The reward is $70 per contract and the risk is $430. This trade offers a 91% probability of profit. Zoom Video Communications (ZM)Source: ThinkorSwim Zoom Video Communications (NASDAQ:ZM) takes the final spot of today's featured IPOs. Since its public debut in April, ZM stock has grown 55%, from $65 to $100.50. Buyers have dominated all along the way, creating a series of higher swing highs and higher swing lows.The upside accelerated following last week's earnings announcement. Since then, volatility has remained elevated, but bulls have proved willing to defend their turf. Tuesday's drop threatened to move into the earnings gap but was quickly reversed by yesterday's rally.High volatility is keeping options premiums pumped and ripe for the selling. If you're willing to bet ZM sits above $80 at expiration, then sell the July $80/$75 bull put spread for 65 cents. The reward is limited to $65, and the risk is $435. Your probability of profit is 88%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 3 Hot Trades for 3 Spicy IPO Stocks appeared first on InvestorPlace.
Online pet-products retailer Chewy is expected to price its IPO, and chipmaker Broadcom will report earnings Thursday.
SAN JOSE, Calif., June 12, 2019 -- Zoom Video Communications, Inc. (NASDAQ: ZM) today announced new enhancements and partnerships for its video-first unified communications.
On the Q1 earnings call, management talked international expansion, landing bigger customers, acquisition stance, and R&D spending.
The company, which is moving its headquarters to San Jose from Mountain View, was estimated to be worth more than $700 million after its last venture round in 2015, according to PitchBook Data.
The IPO market has carried on with strength in recent weeks, with the likes of Zoom and Beyond Meat grinding higher on impressive early numbers. Technicals have also looked bullish, with major indexes including the Russell 2000 bouncing off important support levels. That suggests a positive outlook in the near term, as highlighted in All […]
On the Q1 earnings call, management talked about the videoconferencing specialist's huge market opportunity, sales strategy for the Zoom Phone, and more.
Recent IPO high-flyers Zoom Video Communications Inc (NASDAQ: ZM ) and Beyond Meat Inc (NASDAQ: BYND ) posted earnings reports that were "things of beauty," according to CNBC's Jim Cramer. What ...
Zoom Video: Earnings Were Good, but Be Wary of Soaring ValuationsZoom VideoZoom Video Communications (ZM) released its fiscal 2020 first-quarter earnings results on June 7. The company’s earnings were better than expected on both the top and
Clearly, Zoom is seeing runaway momentum for its videoconferencing and collaboration software, as both large sales investments and the viral nature of Zoom's offerings drive stronger adoption at major enterprises. Revenue and EPS beat expectations, but billings of $215 million (up 27%) slightly missed a consensus of $216 million. In addition, while DocuSign raised its full-year revenue guidance by $7 million, it reiterated billings guidance of $1.01 billion to $1.03 billion (consensus was at $1.22 billion), while stating on its earnings call that it's seeing longer sales cycles for enterprise deals in which it's up-selling existing buyers of its core e-signature software on value-added offerings.
Sometimes Wall Street does the right thing. Keep in mind Beyond Meat's IPO was priced at $25 and it is now at $128, and Zoom came at $36 and it is now at $95. Why do I say that Wall Street did right by you?
Zoom Video easily beat estimates in its first earnings report, issued on Thursday. Zoom earnings topped analyst views, even though sales from a new phone system haven't kicked in yet.
Slack released updated financials ahead of its IPO slated for June 20th, expecting 50% revenue growth for the current year. Yahoo Finance's Zack Guzman and Heidi Chung are joined by Nan Hayworth, former Congresswoman (R-NY), to discuss.