272.84 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||272.90 x 1100|
|Ask||276.99 x 800|
|Day's Range||271.22 - 274.61|
|52 Week Range||182.61 - 284.97|
|Beta (3Y Monthly)||0.94|
|PE Ratio (TTM)||49.82|
|Earnings Date||Aug 22, 2019|
|Forward Dividend & Yield||1.88 (0.69%)|
|1y Target Est||262.17|
Intuit's (INTU) fourth-quarter fiscal 2019 results are likely to gain from the growing adoption of QuickBooks Online. However, slowdown in revenues from the tax business is expected to be an overhang.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Intuit Inc. New York, August 16, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Intuit Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Intuit (INTU) 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.
Intuit's breakout in February shows how using the Relative Strength Rating helps determine the strength of growth stocks at the breakout.
Intuit Inc. (INTU) will announce its fourth-quarter and full-year financial results for fiscal year 2019 on Aug. 22 following the close of market. Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on Aug. 22. The conference call can also be heard live at http://investors.intuit.com/Events/default.aspx.
This fintech has hired more than one PayPal veteran as it seeks to have more small and mid-sized businesses switch from paper checks to electronic payments.
Mint.com has built out multiple revenue streams from its free personal financial data-gathering tool. Find out how Mint has greatly benefited from the 2009 acquisition by Intuit.
With a "Tariff Man" in office, investors have been buffeted by volatility and uncertainty. Where will President Donald Trump's tariffs land next? Sure, Mexico is off the list for now - but it's clear that Trump favors the use of tariffs for more than just trade imbalances, which means anywhere on the map (including countries we've reached agreements with) is fair game for future trade wars.Which means it's important to consider stock picks not just based on the current tariff situation, but on the possibility that Europe, Mexico and other regions could become more problematic in the future.Finding insulation from the tariff effect is trickier than it sounds. For instance, most publicly traded casual dining restaurants operate most of their restaurants in the U.S. Thus, catering to primarily American consumers insulates them, right? Unfortunately, no. A University of California at Davis study shows 43% of fruit and vegetables - everything from strawberries and watermelons to avocados and onions - come from Mexico.Autos? More than 1,000 Chinese companies export parts to the U.S.; some U.S. firms already are switching their suppliers. Apparel? A lot of that textile work in China is going to, um, come out in the wash. Even utilities are tricky. Sure, their customers are almost entirely domestic. But many are converting to wind and solar power, and while those natural resources are American, many of the solar panels and wind turbines are not.Tariffs have far more impact than just the products themselves, too. The U.S. has slid from the fifth-most popular destination for Chinese tourists to 10th, thus losing some share of the estimated $315 billion they spend overseas. When considering the trade war, the warnings were about industrial companies and semiconductor firms. Few were thinking about the lodging industry.Here, then, are five stock picks with trade war safety in mind. They come from a handful of disparate industries that provide more insulation from current and future trade salvos than most. SEE ALSO: The 19 Best Stocks to Buy for the Rest of 2019
Do you know the definition of a perfect business? It's one that makes or saves its customers money. Do you know the definition of a perfect stock? It's a stock of a company that makes or saves its customers money. Although I'm facetious, why not invest in businesses that are doing good while making money? InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs investors become more focused on subjects like responsible investing and ESG issues, the companies that add value to the world and its customers are likely going to deliver market-beating returns over the long haul. * 7 Oversold Stocks To Buy Right Now MSCI estimates that over the next 20-30 years, millennials could invest as much as $20 trillion in ESG-related investments in the U.S. Many of those investee companies are likely to pursue business strategies that make the world we live in a better place. For now, however, I'd like to focus on seven stocks to buy that will save you money, time, or both. Stocks to Buy: PepsiCo (PEP)Source: Shutterstock It might be a stretch to say that PepsiCo (NASDAQ:PEP) saves its customers money. However, with the company's recent December 2018 acquisition of Sodastream, it not only saves its customers both money and time, but it also saves the planet. Pepsi paid $3.2 billion for the at-home sparkling water brand that helps consumers turn boring old tap water into exciting carbonated beverages. Pepsi captures the at-home market while its customers spend less time at the grocery store, pay less for their non-alcoholic beverages, and reduce the amount of plastic put back into the environment. "With its customizable options, SodaStream empowers consumers to personalize their preferred beverage in an environmentally friendly way and provides PepsiCo with a significant presence in the at-home marketplace," stated CEO Ramon Laguarta. "I'm confident we can accelerate progress on our shared goal of curbing plastic waste and building a more sustainable future."It's a win-win. Since Pepsi closed its Sodastream acquisition on December 5, PEP stock is up 11.2%. Costco (COST)Source: Shutterstock The most tangible proof I have that Costco (NASDAQ:COST) saves you money is the property and casualty insurance I got in February 2018 when my wife and I moved to Halifax from Toronto. The company's insurance partner saved us a significant chunk of money, although it's fair to say that some of those savings came from being in a smaller city with lower odds of accident or theft.Nonetheless, because a majority of Costco's profits are from its annual memberships and not the profit margins on the products it sells, the company works feverishly to pass these savings on to its customers. If Costco can get a great deal on orange juice one month, it doesn't take the additional gross profits. Instead, it lowers the retail price in its stores, passing the savings on to the consumer. By ensuring that you're saving money on the items you often buy at the grocery store, Costco will be able to continue raising its annual membership fees without upsetting the customer too much. * 10 Stocks to Buy From This Superstar Fund I don't think Netflix (NASDAQ:NFLX) can say the same thing after price increases sent its stock price down by double digits July 18. COST is stock to buy. Intuit (INTU)Have you seen the funny QuickBooks ads featuring Danny DeVito? Who doesn't like the movie and TV star? The ads do a good job reminding small business people that they need to spend less time doing billing, communications, or ordering, and more time working on their business, perfecting growth strategies, marketing, etc. While I haven't seen the viewership numbers on DeVito's ads, I'm going to assume they have been a hit for Intuit (NASDAQ:INTU), QuickBook's owner. As someone who freelances for 100% of my income, I can honestly say that I have thought about using QuickBooks for my small business. Anything that can save me time, aggravation, and possibly money is worth using.In Intuit's Q3 2019 report ended April 30, QuickBooks generated $887 million in revenue, 18.7% higher than a year earlier. Although it was only 27% of Intuit's overall sales in the third quarter, its growth rate was much higher than its consumer segment (Turbo Tax, Mint) growth rate of 10.3% in the quarter. I use Turbo Tax and am considering QuickBooks in the future for the simple reason that these products save me time, money, and aggravation. It's a stock to buy. Stocks to Buy: GrubHub (GRUB)Food delivery services such as GrubHub (NYSE:GRUB) and Uber Eats may do nothing for consumers except put restaurants out of business. That's a negative take on food delivery companies based on the recent news that GrubHub has been charging restaurants for phone calls -- between $5 and $9 a call -- that didn't result in food orders. I told my wife this piece of news and she quite rightly said, "How do restaurants stay in business with those kinds of fees?" A more positive view of GrubHub is that it saves busy people time by not having to go out for food or cook after a long day at work. How much money it saves is another question altogether.There are plenty of sites that discuss how to save money using GrubHub promo codes. One of them is Gigworker.com, a site dedicated to the gig economy. It provides ways to take advantage of these promo codes to save money on your orders through the food delivery service. However, because there are delivery fees with most orders placed through GrubHub, I would suggest that some of the savings from promos are lost through delivery fees and tip. * 7 Stocks to Sell This Summer Earnings Season At the end of the day, GrubHub is designed to save you time, while making restaurants money. H&R Block (HRB)Although H&R Block (NYSE:HRB) stock has seen better days -- its all-time high of $37.53 was reached in November 2015 -- there's no denying that the tax preparation company continues to file a lot of America's tax returns. H&R Block prepared 23.6 million tax returns worldwide in fiscal 2019, 1.2% more than a year earlier, generating $3.1 billion in revenue and $616 million in operating profits. Here in the U.S., the number of tax returns prepared by HRB increased by 1.5% while the number of U.S. DIY (Do-it-Yourself) returns increased by 5.9%. DIY tax returns accounted for 39% of H&R Block's tax returns prepared in the U.S., up from 38% a year earlier. The reason HRB is a stock to buy?On July 1, H&R Block announced that it acquired Toronto-based fintech company Wave Financial for $405 million. Wave helps entrepreneurs better manage the financial aspects of their business, including invoicing, payroll, and accounting.Given Intuit's push into the small business marketplace, Wave gives HRB a competitive product to win business away from the maker of QuickBooks. Long-term, the Wave acquisition could be looked upon as a transformational move that takes HRB to the next level. As a result of Wave, HRB now provides a good risk/reward profile. Amazon (AMZN)Amazon (NASDAQ:AMZN) Prime, along with all the other e-commerce services Jeff Bezos and company provide, take a toll on the environment. It's estimated that Amazon emitted 19 million metric tons of carbon in 2017, the equivalent of five coal-fired power plants. There is no question, however, that consumers can save money and time using the company's products and services. My wife's cousin is a consultant in the small Canadian province of Prince Edward Island. Thanks to Amazon Prime, she's able to spend far less time driving into town to pick up stuff for the household. As someone who doesn't make money unless I'm working, I understand the desire to cut out these time drains. Time is money as they say. So, if you feel bad about the impact your purchases are making on the world at large, take some of the money you'll make from AMZN stock and donate it to an environmental cause like Greenpeace. * 10 Stocks to Sell for an Economic Slowdown Now, if Amazon could figure out how to eliminate its carbon footprint drain, the stock would go to $5,000 in no time, which would be a win-win. BlackRock (BLK)Source: Shutterstock Keep it simple, stupid. The KISS principle definitely applies to asset managers like BlackRock's (NYSE:BLK) iShares and Vanguard, who have captured a big chunk of the retail investor's assets in the U.S. and other places in the world by providing ETFs; an inexpensive investment that captures large swaths of different sectors, countries, market caps, etc. Not only do passively-managed ETFs save investors time and money from traditional active investing, but they also provide a diversified portfolio of stocks that deliver healthy returns over the long haul. To make things even simpler, iShares have several asset allocation EFT fund-of-funds that save investors time and money. Take the iShares Core Growth Allocation ETF (NYSEARCA:AOR). It invests in seven different iShares ETFs that give investors a diversified core portfolio charging just 0.25% annually. The seven ETFs give you a 60/40 allocation between equities and fixed-income investments, with 60% of the assets in U.S-domiciled investments with the remaining 40% outside the U.S., including both developed and emerging markets.Sure, it doesn't have any alternative investments, but by keeping it simple, BlackRock's saving you time and money. It's a stock to buy.Oh, and a $10,000 investment a decade ago, is worth almost $24,000 today. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Oversold Stocks To Buy Right Now * 7 Stocks to Buy Upgraded by Wall Street * 7 Marijuana Stocks With Critical Levels to Watch The post 7 Stocks to Buy That Save You Money appeared first on InvestorPlace.
With a market capitalization of US$73b, Intuit Inc. (NASDAQ:INTU) is a large-cap stock, which is considered by most...
Open Text (OTEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Many investors still don't understand what a cloud even is, let alone a cloud computing stock. Clouds are networks of hyper-scale data centers, built with commodity hardware and open-source software, that enable the creation of scaled, global services delivered over the internet. Still, figuring out which cloud computing stocks to buy requires a big-picture look at the top companies.I divide cloud stocks into three types:* Cloud Czars, the owners of the biggest data centers, which now dominate the global economy.* Cloud Service Companies, which these clouds (and other, smaller ones) to deliver scaled services to consumers and businesses, selling them by subscription.* Cloud Retinue, companies that serve the cloud with products or services essential to maintaining the resource.During most of 2018, it was the Czars that dominated the market, but most have had a lousy second half of the year. You know them well by now -- Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB). Among these five companies are $3.5 trillion in market cap.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's the problem with the Czars. People fear them. Politicians want them broken up, or at a minimum they want them bound by expensive regulations, and this will continue to hurt the stocks. * 7 Defense Stocks to Buy to Fortify Your Portfolio Cloud service companies use cloud connectivity provided by another company in their business model. Think Netflix (NASDAQ:NFLX) or Salesforce.com (NASDAQ:CRM). They may serve either businesses or consumers. They use the economics of the cloud to reach global markets, replacing products like DVD players or corporate data centers. The best offer applications that were previously unimaginable.The cloud retinue is a term I created for this story. These are the suppliers of hardware, software and services to both the Cloud Czars and big customers now adapting to the reality of the cloud. Intel (NASDAQ:INTC) is part of the cloud retinue. So is Dell Technologies (NASDAQ:DVMT). Cloud retinue companies may also serve other markets, but it's largely the cloud they're pointing to for the future, which is what makes them the top cloud computing stocks to buy.Beyond these obvious choices, the cloud retinue includes data centers that connect clouds to one another and companies that deliver essential software as a service to both the public clouds of the Czars and the thousands of private clouds now replacing corporate data centers.The retinue may offer the best gains of any group in 2019 because they can fly under the radar of casual investors while delivering fat returns.In this gallery, you'll find examples of all three types of cloud computing stocks. It's not an exclusive list by any means, and it may also become very misunderstood because everyone in 2019 will want to call themselves a cloud play. Adobe Systems (ADBE)By the standards of technology companies, Adobe Systems (NASDAQ:ADBE) is ancient, having been founded back in 1982, when I still had a full-time job, making it one of the oldest cloud computing stocks to buy.What made Adobe one of the cloud service stocks to buy was a decision by CEO Shantanu Narayen, early in this decade, to move the company's operations entirely to the cloud. Popular tools like Adobe Photoshop became part of the company's Creative Cloud.What sent Adobe stock into overdrive was its marketing cloud, used by sales teams, and its experience cloud, used to design Web sites and direct people through them, based on data. These are essential tools if you want to compete with a giant online store such as Amazon, or even just stay in the game against it.Adobe shares were up 26% for the year and had been up over 50% until tech wrecked in October. Adobe's success is no secret, so the stock is pricey, selling for nearly 15 times its 2017 sales of $7.3 billion, and 49 times earnings.Adobe may come under pressure in 2019 as the market turns toward value and away from growth but consider this. While the company's revenue has been growing at 25% per year, net income has been growing at 45% per year. Amazon.com (AMZN)What keeps Amazon on the buy list for 2019 is partly the spectacular drop, starting in October 2018, that shaved over 20% off the stock's price, and partly its incredible prospects as it keeps finding new businesses to dominate.Source: Shutterstock For people who are under 30 and want to own an index fund, Amazon is one of the most compelling cloud computing stocks to buy for long-term gains.We think of Amazon as a retailer, but it's Amazon Web Services that is its secret sauce and makes this one of the best cloud computing stocks to buy. Amazon was the first to re-sell its cloud. It still dominates the market for cloud infrastructure, and the businesses using that infrastructure, like Netflix, continue to grow like weeds. * 10 Tech Stocks That Are Still Worth Your Time (And Money) Some bearishness has crept into Amazon due to its enormous power and struggling HQ2 process, leading many to call for breaking it up. But you can't. Hundreds of thousands of small merchants depend on Amazon's fulfillment services to compete with Walmart (NYSE:WMT), which remains more than twice as large as Amazon. These merchants would rise as an army if any serious move were made against it.Amazon can now depend on getting about $12 billion per year from doing nothing. That's what its $119/year Amazon Prime offering of free shipping brings in before it ships a single order or downloads a single movie, and while Amazon does offer free Prime content, it also re-sells others' movies and streaming services, including Netflix. Amazon's tentacles are now reaching around the world, to Asia, Europe and beyond.What makes Amazon more exciting for 2019 are the rise of new services. Some of them were inspired by its Chinese doppelganger Alibaba (NASDAQ:BABA) -- its growing move into finance -- while others came from more prosaic concerns like healthcare.Its purchase of Pillpack in 2018 makes it a pharmacy, and its joint venture with Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) and JPMorgan Chase (NYSE:JPM) could quickly make it one of the nation's largest health insurers -- the three companies have over 1 million employees between them. Cloudera (CLDR)With the acquisition of Red Hat (NYSE:RHT) by IBM (NYSE:IBM) expected to close in 2019, Cloudera (NASDAQ:CLDR) becomes the closest to a pure-play open source company on the U.S. stock market. It is a key member of the Cloud Retinue, the companies serving clouds with hardware, software and services.Source: Shutterstock Cloudera was formed around Hadoop, a data analysis system created in the last decade by a team under data scientist Doug Cutting. Cloudera struggled early in this decade because support doesn't sell when customers have more people working on your software than you do.Cloudera is finally gaining traction by selling its software as a service for machine learning and data analysis. It can analyze data sets exceeding 50 Petabytes in size -- that's 1 million gigabytes. The company is also buying its largest competitor in the Hadoop space, Hortonworks (NASDAQ:HDP).Between them, Cloudera and Hortonworks had revenue of over $600 million last year, and a combined market cap of about $3.1 billion. The companies should do a combined $800 million in business during 2018, so the price to sales ratio looks like a bargain.They're cheap because neither partner in the merger is yet profitable, but their combined size could make them a tasty morsel for a larger cloud company in 2019, like Dell Technologies, IBM or even Microsoft. Equinix (EQIX)Equinix (NASDAQ:EQIX) is a data center REIT. That means it runs data centers, used by the Czars to connect their clouds, and by many enterprises to house their private clouds. It is organized as a Real Estate Investment Trust (REIT), just like those owning commercial real estate or hotels, and is thus structured to send most of its profits back to shareholders in the form of dividends.Source: Shutterstock Over the last year, that meant $9.12 of dividends were paid for each Equinix share. The dividends have grown nearly 50% over the last five years, while the stock's value has risen 141%, to a market cap of $31.2 billion.For the cautious cloud investor, a data center REIT is a great place to play for 2019, because the business is still growing and you're getting maximum dividends. Equinix competes with such companies as CoreSite Realty (NYSE:COR), CyrusOne (NASDAQ:CONE) and Digital Realty Trust (NYSE:DLR), most of which were built on a real estate platform rather than a tech platform. * 7 Stocks Top Investors Are Buying Now In addition to handling connections between clouds, data centers like Equinix also host cloud equipment, expanding tits geographic footprint.Equinix was founded in 1999 as a "co-location center," a neutral site where companies like Verizon Communications (NYSE:VZ) might park computing equipment and connect it with private clients on its network. It didn't take the REIT form until 2015. In May 2017 Equinix completed the purchase of Verizon's data centers. FireEye (FEYE)FireEye (NASDAQ:FEYE) lives in one of the hottest and fastest-changing cloud niches -- security. It competes with such companies as Palo Alto Networks (NASDAQ:PANW), Fortinet (NASDAQ:FTNT) and CyberArk Software (NASDAQ:CYBR), as well as more established networking players like Cisco Systems (NASDAQ:CSCO) and traditional security outfits like Checkpoint Software (NASDAQ:CHKP).Source: David via Flickr (Modified)FireEye is considered a "next generation firewall" company, selling its FireEye Cloud Security as a service to governments, corporations and other large enterprises. In addition to offering firewall services and corporate identity protection, the company also investigates threats. It is among the fastest-growing computer security companies.While other sectors of the cloud computing market fell hard in October, computer security companies like FEYE remained strong. Its market cap of $3.5 billion buys you over $800 million in 2018 revenue, but as with many other companies in the space, it must invest continuously to stay competitive and only became profitable in the third quarter of 2018, earning six cents per share.FEYE has over $1 billion in cash and short-term securities on its books, enough to pay off its long-term debt with room to spare. It consistently has been cash-flow positive. There are no guarantees in this part of the market, but FireEye has gained a solid foothold as one of the better cloud computing stocks to buy. With a market cap of just $3.5 billion, it could also become a takeover candidate. Intuit (INTU)Intuit (NASDAQ:INTU), like Adobe, began life selling packaged software for PCs, but now sells that software mainly by subscription. The ongoing connections with customers have also brought it into other areas of finance, like Quicken Loans, which was spun out in 2002.Source: Mike Mozart via Wikimedia (Modified)Given the fact that taxes and accounting are its main business, Intuit revenues retain some seasonality, with almost half its sales coming in its quarter ending in April. For its 2018 fiscal year, which ended in July, this meant revenue of $5.96 billion, of which $1.21 billion flowed to the net income line. Its market cap is over $51 billion.Intuit's move toward the cloud remains a work in progress, but its strength in the accounting niche has let it move at the pace of its customers, many of them small businesses and householders who aren't computer savvy. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip The fastest-growing part of the business is Mint, an online financial services operation first launched in 2006. Mint is used for budgeting and offers Intuit the opportunity to partner with other financial service companies, including wealth management companies. Integration with these companies, meant to make forms easier to complete, help Intuit expand its niche.The move into the cloud has delivered shareholders a gain of 177% in their shares over the last five years and delivered a steady stream of dividends that have also doubled in that time. Intuit's size and its middle-class niche could make it a great acquisition for a bank or a Cloud Czar, but meanwhile, among the top cloud computing stocks to buy, it's a good defensive play because taxes are one of the two inevitabilities of life. Microsoft (MSFT)Microsoft (NASDAQ:MSFT) has become the strongest and least controversial of the Cloud Czars because its Azure cloud is mainly used to sell and develop software. Still it is easy to see why this is one of the safest cloud computing stocks to buy.Source: Shutterstock Microsoft is best known for its Windows operating system and Office applications. Both are now updated exclusively online, but it also delivers software through Azure for hundreds of other companies. In the process of building Azure, Microsoft has also buried the hatchet with the open-source movement. Among its 2018 acquisitions was GitHub, the largest open-source repository.Microsoft was late to becoming a Cloud Czar, having committed to the platform only in 2014 upon naming Satya Nadella its CEO. Since then it has built a network that will soon cover every continent, including Africa. This means it has increased its capital budget to over $13 billion in 2018, from $8.9 billion just two years ago.Microsoft has become a growth company again. Revenue has been growing north of 12% for the last three years. Now that it appears to have permanently crossed the trillion market gap mark, if I could own only one Cloud Czar, it would be Microsoft.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL, AMZN, BABA and MSFT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Top-Rated Financial Stocks to Bank On * 7 Artificial Intelligence Stocks for an AI Revolution * 7 Autonomous Vehicle Stocks to Consider Now The post 7 Cloud Computing Stocks to Buy for 2019 appeared first on InvestorPlace.
This man may have just learned about tax scams the hard way. On Reddit, a writer named “buddy276” said this week he was being audited by the Internal Revenue Service for taxes he owed in 2018. But from there, his description of what was going on got fishier and fishier.
[Editor's note: This story was updated on July 18, 2019, to correct the current number of users on Stash.]The fintech industry continues to grow by leaps and bounds and with that growth have come lots of new investing apps for investors, young and old, to use in their pursuit of investment returns. In 2018, fintech companies in the U.S. got $12.4 billion in funding, 43% higher than a year earlier. Many of those fintech companies are using the funding to develop apps to make investing and personal finance more accessible and more rewarding. InvestorPlace - Stock Market News, Stock Advice & Trading TipsAccording to CB Insights, there are something like 39 fintechs worth $1 billion or more. Together, those 39 companies are worth an estimated $147.4 billion. Consumers like to use apps to manage their finances. Data from 2016 suggests the average person uses between 1-3 apps to get the job done. As fintechs continue to create new apps to handle different aspects of our financial lives, I'm sure more young investors will gravitate to them. * 8 Penny Stocks That Have Fallen From Grace With that in mind, here are 10 investment apps for young investors to consider, as they put their hard-earned money to work. AcornsSource: via AcornsThe problem for most young investors is that they don't have a lot of money to invest because of student loans, steep rents, low wages etc. While understandable, the Acorns app allows you to invest your spare change to get the process started. Another exciting service Acorns has developed is Found Money, which uses brand loyalty to build your investment account. So, every time you buy something at one of the Found Money partners, that company credits your Acorns account with the applicable savings. The one thing to be aware of is the fees. Until you get a larger account balance, the monthly fees vary between $1-$3. That is going to seem high. For example, it charges $2 a month for an IRA account. If you have $1,000 in that account, the annual fee is 2.4%. If you have $10,000, that fee drops to 0.24%. E-TradeIf you're going to buy stocks, ETFs, or even mutual funds, you're going to need a discount brokerage account to buy the investments. E-Trade isn't the cheapest discount broker. It charges $6.95 a trade, but gets a 4.5 rating out of 5 from NerdWallet, primarily because of its excellent mobile app, excellent customer support and large investment selection. The discount broker has two mobile apps that are both available on iOS and Android.The E-Trade mobile investing app provides options such as stock screening that help you find the right stocks to buy. It can even be accessed on Apple Watch. The second mobile app is OptionsHouse, the company's options specialist, that lets you make options trades on the go. It doesn't hurt that E-Trade's parent is E-Trade Financial (NASDAQ:ETFC), a company with an $11.4 billion market cap. * 4 Retail Stocks to Buy in Time for the Back-to-School Rush The only downside: you'll pay more per trade if you aren't an active trader. MintSource: Mike Mozart via Wikimedia (Modified)If you can't save any money, you won't be able to invest. That's where Mint.com comes into play. Mint is a free personal finance app from Intuit (NASDAQ:INTU) that helps users track their spending, create a budget, and generally gets you smarter about money. It even lets you know when bills are due and what you can afford to pay. Over 15 million people use Mint in the U.S. and Canada to keep their finances straight. Intuit uses this free app to inform you about its other products such as Turbo Tax, which cost money to use and are also very helpful for saving money. It's an excellent loss leader. It will put you on stronger financial footing if you use it on an ongoing basis. Motif InvestingYoung investors interested in investing apps might want to take a look at Motif Investing, the California tech startup that uses data science and automation to create thematic portfolios that its 350,000 customers can buy with a click of a button. CEO Hardeep Walia found a way to use data science to find the best investment themes and companies benefiting from those themes. If you want to bet on the next great biotech stock, Motif has a portfolio called Feeling Better About Biotech, a basket of up to 30 biotech stocks and ETFs that gives you an appropriate exposure to the industry. For as little as $300 in your trading account, you can own this portfolio of stocks. Motif also has an Impact account. For as little as $1,000 in your account, you can get a fully automated portfolio that aligns with your financial goals and values. The Impact account charges 0.25% annually while the trading account varies from free if you use a next market open trade to as high as $19.95 a trade depending on the type of portfolio you're building. * 7 Stocks Being Inflated by Low Rates If you're interested in owning one or two stocks, Motif is probably not for you. RobinhoodSource: via Robinhood BlogOf the apps listed in this article, Robinhood is the investing app most likely followed and used by millennials. Robinhood officially launched in December 2014. It provides commission-free investing in stocks, options, and cryptocurrencies. Since its founding Robinhood has grown to a customer base of over four million active users, many of them young investors; its average user is 32. Estimates suggest that Robinhood, which counts Snoop Dog as an investor, could be valued at as much as $10 billion. Robinhood came under scrutiny in 2018 when it tried to launch a checking account for its customers that would pay 3%, didn't charge any fees and was covered by the Securities Investor Protection Corporation. The program never got off. It is currently working with regulators to create a cash management plan that will get off the ground.In the meantime, the commission-free service for trading continues to gain popularity with investors. SoFiSource: Shutterstock Its official name at its founding in 2011 was Social Finance Inc. It made student loans. Eight years later, it still makes student loans but has expanded into other areas of financial services, including personal loans, mortgages, bank accounts, and investing products and services. On July 8, SoFi launched Stock Bits, a new service that allows investors to buy fractional shares of popular stocks. If you want to own a dollar's worth of 50 stocks, you now can. It's specifically designed for those who are new to investing. "People are told to 'buy what they like,' but when what they like costs over $100 or $1,000 per share, first-time investors are priced out," said Anthony Noto, CEO at SoFi. "Investing is a financial requirement for achieving financial independence, and it is our focus to remove the barriers to getting started by providing features like Stock Bits for SoFi Invest." * 7 Services Stocks to Buy for the Rest of 2019 SoFi had a challenging year in 2018. Laying off more than 7% of its staff due to weakness in its mortgage products, I believe Stock Bits could be an innovation that lifts the San Francisco financial services company to new heights. StashSource: Shutterstock The Stash Investment App was launched in October 2015. It's premise was simple: provide Americans with the tools, guidance and confidence to grow their savings. Almost four years later, Stash has more than 3.5 million people saving and investing using its investing app. For as little as $5, you can own fractional shares in companies you support and believe in. However, we're not done. It also allows you to invest in portfolios of stocks through ETFs for as little as $5. That means you can own some of the most popular ETFs for a fraction of what you'd pay to hold them on your own.The Money Under 30 website recently reviewed the Stash investing app, suggesting it is well made and well designed. Competing with Acorns for the attention of young investors, Stash charges $1 per month until you hit $5,000. It then charges 0.25% annually. In addition to the management fee Stash charges, you also pay the management fee of the ETFs. Like Acorns, it's an app that makes more sense when you get to $5,000 in your account. WealthsimpleSource: Shutterstock Wealthsimple is a Toronto-based robo-advisor that provides ready-made investment portfolios to people in Canada, the U.S., and the UK. Founded in 2014, it now controls 70% of the digital advisory space in Canada and is slowly making inroads in the U.S. where it launched in early 2017. At the end of March, Wealthsimple had CAD$4.3 billion in assets under management and more than 100,000 clients in the three countries where it operates.In March, the company launched Wealthsimple Trade, which provides commission-free investing in Canada for stocks and ETFs. It's the first company in Canada to do what Robinhood's doing in the U.S. It's managed to snag 25,000 users in the first four months of operation; the average age of its users is 31. Like Robinhood, a lot of its users are buying cannabis stocks. The banks are also popular, as are some of the big tech companies like Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA). * 8 Penny Stocks That Have Fallen From Grace Delivering an attractive and easy to use mobile app, expect Wealthsimple to make waves in the U.S. market in the next couple of years. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 8 Investment Apps for Young Investors appeared first on InvestorPlace.
Intuit Inc NASDAQ/NGS:INTUView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for INTU with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting INTU. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold INTU had net inflows of $10.63 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. INTU credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.