|Bid||34.35 x 800|
|Ask||34.55 x 1100|
|Day's Range||34.00 - 36.25|
|52 Week Range||23.05 - 36.83|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.22|
In the investment world, it's easy to get caught up in the day-to-day noise. But, a lot of that day-to-day noise amounts to nothing more than irrelevant distractions that do not materially impact the big picture. As such, when investing, it's often best to take a step back, and see the forest through the trees.Source: Castleski / Shutterstock.com When you do that with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) stock, it becomes obvious why investors have reason to be optimistic about Alphabet stock in the long run.Specifically, this company has been, still is, and projects to remain, the backbone of the world's most used and valuable private good -- the internet.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Retail Stocks to Buy on the Dip As the backbone of the internet, Alphabet is at the epicenter of the secular growth digital ad market. This will keep growing at a healthy pace over the next several years, and Alphabet will remain the dominant player. At the same time, Alphabet has multiple tangential growth drivers -- data-centers, self-driving, smart home, cloud gaming, etc. -- which will help support robust revenue and profit growth for a long time.As revenues and profits trend higher in the long run, so will GOOGL stock.Consequently, I remain bullish on Alphabet stock for the long haul. The fundamentals are simply too good to pass up on, and the valuation leaves plenty of room for big upside over the next few years. Long-Term Outlook Is FavorableThe first part of the long-term bull thesis on Alphabet stock is that this company's long-term fundamentals and growth prospects are highly favorable.Although history is not a clear indicator of the future, it is nonetheless important to see what Alphabet has done over the past decade and to see where the company may go over the next decade. Consider the following:* Alphabet's revenues have risen at a 20% compounded annual growth rate over the past decade, faster than the global digital ad market's ~16% growth rate during that same stretch (from 2008 to 2018).* Alphabet's operating profits have risen at a 17% compounded annual growth rate over the past decade, inclusive of 2018's depressed margins.* GOOGL stock is up more than 400% over the past decade.That's an impressive track record of consistent and robust revenue, profit, and share price growth for Alphabet. It lays the groundwork for continued success over the next several years.The digital ad market projects to keep growing for the foreseeable future, as global consumption continues to pivot into the digital channel. Despite rising competition, Alphabet projects to remain the global leader in that market, mostly because YouTube and Google Search are irreplaceable titans in the digital ecosystem.Beyond the digital ad business, Alphabet's cloud business will continue on its rapid growth trajectory as a continued surge in data volume globally will translate into increased data-center usage. The hardware business will gain traction with new products like Google Stadia. The self-driving Waymo business will start to produce meaningful revenue once self-driving taxi services become a real thing.The long term outlook supporting GOOGL stock remains broadly robust. Alphabet Stock Valuation Leaves Room For UpsideThe second part of the long-term bull thesis on Alphabet stock is that the current valuation leaves plenty of room for upside over the next several years.The global digital ad market is projected to slow over the next few years. But, into 2025, it is projected to grow at a 10%-plus annualized pace. Alphabet's ad growth rates will likely be slower, as the company cedes market share to up-and-coming digital ad companies like Snap (NYSE:SNAP) and Pinterest (NYSE:PINS). But, that lagging ad growth rate will be more than offset by 20%-plus growth rates from the cloud, hardware, and self-driving businesses.Assuming roughly 10% growth out of the ad business and roughly 20% growth out of everything else, Alphabet should be able to grow revenues at a 10%-15% rate over the next several years. Margins -- which are already stabilizing after several years of compression at the hands of a shift to lower-margin mobile advertising -- should move higher as the company's up-and-coming businesses gain sufficient scale to drive meaningful operating leverage.Alphabet very realistically projects as a double-digit revenue grower over the next several years with sizable margin drivers. That paves a visible runway for EPS to eclipse $100 by 2025. Based on a historically average 20-times forward multiple, that implies a 2024 price target of $2,000-plus for Alphabet stock.Alphabet stock trades hands below $1,200 today. Thus, over the next few years, Alphabet stock has fundamentally supported visibility to nearly 70% gains. Bottom Line on GOOGL StockWhen it comes GOOGL stock, the best thing to do is take a step back and see the forest through the trees. When you do that, it becomes clear that all this digital ad regulation, big tech break-up, compressing margins, and slowing growth noise is just … well, noise.In the big picture, Alphabet is the backbone of the internet, at the epicenter of a secular growth digital ad market, and supported by multiple tangential growth drivers in cloud, hardware, and self-driving. That big picture translates into one simple fact: revenues and profits will move meaningfully higher over the next five years.So will GOOGL stock.As of this writing, Luke Lango was long GOOG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Why Alphabet Stock Remains a Great Long-Term Investment appeared first on InvestorPlace.
The seemingly endless trade war has left countless victims maimed and wounded in its wake. Escalating tariffs and slower global growth is taking a bite out of corporate profits and souring full-year forecasts. But not all companies are getting bogged down by the brouhaha. Today we'll look at three internet stocks to buy that are holding firm.Identifying which companies are being hurt or helped or are unaffected by the trade war is a simple matter of following price. There's no need to dive deep into balance sheets and investigate business models. A glance at the price chart reveals all you need to know.Stocks that are immune to the trade war are ones that are flying high. They boast strong trends and relative strength in spades. If these companies had vulnerabilities to the U.S.-China food fight, then they wouldn't be skirting the stratosphere. One common theme tying together today's trio is they're all internet stocks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks That Could See 100% Gains, If Not More Let's take a closer look at these internet stocks to buy. 3 Internet Stocks to Buy: Snap (SNAP)Snap (NYSE:SNAP) shares got a bit overheated after last month's earnings report. The numbers were good enough to deliver a three-day 24% rip to new 52-week highs. Since then we've seen profit-taking strike, and the gains have been thoroughly digested.The past month of consolidation has taken on the form of a falling wedge that is providing a lower-risk entry point. Last week's test and bounce off the 50-day moving average confirmed dip buyers are still alive and well. This morning's 3% rally could signal the completion of the flag and beginning of the next advance.Source: ThinkorSwim Watch for a break over the 20-day moving average ($16.75), then deploy bullish trades. Buy stock or buy the October $15 calls for around $2.10. 3 Internet Stocks to Buy: Pinterest (PINS)New IPO stocks are always on the radar of momentum traders. Their higher volatility and potentially explosive growth make them prime targets for these big game hunters. July's earnings report and subsequent gap higher for Pinterest (NYSE:PINS) shares put it on the map. Yesterday's breakout to all-time highs has spectators salivating.Though PINS stock is retreating this morning after a powerful three-day run, weakness has to be viewed as a buying opportunity given its strong uptrend. Multiple potential support levels will come into play if the selling pressure continues. The 20-day moving average near $32 also houses a horizontal support zone and unfilled gap.Source: ThinkorSwim * 10 Marijuana Stocks to Ride High on the Farm Bill I fully expect buyers to vigorously defend their turf if we end up pulling back that far. PINS lower price tag makes it an ideal candidate for naked puts. If you're willing to bet, we remain above $31 for the next month then sell the September $31 put for 50 cents. 3 Internet Stocks to Buy: Twitter (TWTR)Our final pick is Twitter (NYSE:TWTR) which sits a stone's throw from new 52-week highs. Its trend is strong, and the 20-day, 50-day, and 200-day moving averages are stacked atop each other in bullish fashion. The past month has built a box between $43.50 and $40. And while this morning's 2.5% drop is showing TWTR isn't ready to break out yet, I think it's only a matter of time before resistance gives way.Source: ThinkorSwim A break below $40 would warrant reassessment. Until then it's game on for bull trades. I like naked put trades on TWTR, just like PINS. If you're willing to bet, TWTR sits above $38 a month from now, then sell the September $38 put for 50 cents.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 * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post 3 Internet Stocks Immune to the Trade War appeared first on InvestorPlace.
Pinterest Inc. shares jumped more than 6% Wednesday, pushing them to record high prices and getting the young social-media company's market capitalization near $20 billion. Pinterest gained 6.4% Wednesday to $36.56, more than $2 higher than its earlier record close set last week. At that price, Pinterest is worth $19.84 billion, according to FactSet. Pinterest sold shares at $19 apiece in an April initial public offering, and shares have not sold for less than $23 in four months on the open market. Pinterest's performance on Wall Street stands in contrast to the other so-called decacorns, or startups valued at more than $10 billion by private investors, that have gone public this year: Lyft Inc. and Uber Technologies Inc. Both of the ride-hailing companies have only closed higher than their IPO prices twice apiece after going public in March and May, respectively. Another company with an eight-figure valuation from venture investors, The We Company , is expected to go public before the end of the year after filing for an IPO last week.
Target, the discount retail chain, soared 21% and broke out on Q2 results. The U.S. consumer looks healthy. The Dow Jones, Nasdaq and small caps all rose.
San Francisco is home to hot IPOs like Uber, Lyft, Slack and Pinterest. Big swings in the stock market get less attention than sizeable moves with any of the cities biggest publicly traded names.
Stanford University owns shares of Uber, CrowdStrike, and Pinterest. It also acquired a stake in biotech stock Atreca in the second quarter and slashed its investment in Dropbox.
Does stock market volatility have you ready to toss in the towel? My advice is use it to your advantage with IPO stocks Pinterest (NYSE:PINS), Beyond Meat (NASDAQ:BYND) and Luckin Coffee (NASDAQ:LK), where growth has quickly met up with value on the price chart. Let me explain.It's hard to keep up with the broader market's day-to-day gyrations. Wall Street swings from triumphant cheers to worrisome jeers and vice versa. From weak global economic data spooking investors to applause for the delay on levying tariffs on certain Chinese goods, it's hard to keep up with the headlines. * 10 Cheap Dividend Stocks to Load Up On More importantly, please don't forget the names Pinterest, Beyond Meat and Luckin Coffee. One of these stocks could be the next Facebook (NASDAQ:FB), Coca-Cola (NYSE:KO) or even Starbuck's (NASDAQ:SBUX). Bottom line, in today's wild trading environment these three recent IPO stocks are providing investors the opportunity to buy into big-time growth potential at advantageous prices.InvestorPlace - Stock Market News, Stock Advice & Trading Tips IPO Stock to Buy No. 1: Pinterest (PINS)PINS stock is the first of our recent IPO stocks to buy. The super popular web-based visual discovery platform blasted past earnings views and collectively caught investors' eyes as shares exploded higher by nearly 19% in early August.Technically, just over two weeks after reporting and with lots of market turbulence in between, PINS stock has pulled back approximately by 10% from a classic cup-with-handle pattern breakout attempt. This came after scoring fresh all-time highs.It's easy to blame overall market action for the first failure in this IPO stock. Ultimately, it hasn't been a great environment for buying breakouts. But with PINS stock still holding its own technically, there's reason to believe a second attempt will pay investors handsomely. PINS Stock TradeThe recommendation for PINS stock is to put shares on the radar for buying on a breakout above $35.30. That's only likely to occur if the major averages can rally for more than a day and begin to show more convincing signs of bottoming.A second approach for this IPO stock is to buy shares on weakness. I'd recommend looking for a daily chart pivot low to form. Then buy PINS stock on confirmation of a bottom. In order to keep this purchase technically constructive, I'd also make sure the PINS stock price consolidation continues to hold near $31 a share. IPO Stock to Buy No. 2: Beyond Meat (BYND)Beyond Meat is the second of our recent IPO stocks to watch. The alternative, plant-based meats company served up a sizzling, but not "meaty" enough, earnings report a couple weeks ago and word of a below-the-market secondary priced at $160 a share. The combination of reports didn't sit well with Wall Street.Technically, investors immediately punished shares, quickly dismantling BYND stock's uptrend line in free-fall-style price action. Subsequent pressure now has this first-to-market innovator testing its 50% Fibonacci level for support. BYND Stock TradeWhen will the selling pressure in this IPO stock abate? It's hard to know. But given that BYND stock is now well beneath the secondary pricing and testing a key retracement level, this deep pullback is worth monitoring for a bottom to emerge. * 10 Stocks Under $5 to Buy for Fall My advice is for investors to wait for a weekly reversal candlestick to be confirmed before entering into a long position. With this strategy, bulls will give up some immediate profit in this highly volatile IPO stock. More importantly, the approach should allow investors to buy growth at a discount and avoid being grilled for entering too quickly. IPO Stock to Buy No. 3: Luckin (LK)Luckin Coffee is the last of our IPO stocks that's setting up to buy. I'll credit InvestorPlace's Luke Lango for alerting me to this China-based upstart and its promising path to substantial longer-term returns for investors.It's true, Luckin Coffee does have its work cut out for it. The company is competing against the aforementioned coffee powerhouse Starbucks, which has already successfully penetrated this massive overseas market. But still, the opportunity is there. And as Luke notes, with a solid technology-based focus and an eye-popping sales growth runway that's affirming this IPO stock's toehold is working, LK stock is one to pick up on weakness. LK Stock TradeLK stock is testing its 50% and 62% Fibonacci levels and its lower Bollinger Band. Shares are also oversold based on the position of its stochastics indicator. However, this week's earnings-driven breakdown of trend support shouldn't be entirely dismissed. It could be a slippery path to retest this IPO stock's all-time-low near $14 a share. Anything is possible.My recommendation on LK stock is to wait for a daily chart bottoming candle to be confirmed if shares can maintain a bid above $18.75. This allows for a modest bit of wiggle room beneath the 62% level. That also respects exiting the position on a more convincing failure of this key technical support in anticipation of a more durable purchase at deeper and well-chilled levels of investor anxiety.Investment accounts under Christopher Tyler's management currently own positions in Pinterest (PINS) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Recent IPO Stock Pullbacks Worth Watching appeared first on InvestorPlace.
There is no question that Snap (NYSE:SNAP) CEO and co-founder Evan Spiegel is sitting in a better position eight months into 2019. SNAP stock is up 197% year to date through August 14.Source: Shutterstock More than that, the company just issued $1.1 billion in convertible notes at the bargain-basement interest rate of 0.75%. As my InvestorPlace colleague James Brumley recently admitted, "Snap CEO Evan Spiegel has become a savvy CEO rather quickly, making SNAP stock the compelling prospect it was supposed to be two years ago (but wasn't)." When Snap went public in 2017, I wasn't a fan. Two years later, I've found myself predicting that SNAP stock will hit $20 by the end of the year. InvestorPlace - Stock Market News, Stock Advice & Trading TipsSpiegel has done an excellent job focusing the company on monetizing its social media app while at the same time cutting expenses. Don't get me wrong, I'm not thrilled that it lost $202 million on an EBITDA basis in the first six months of the year, but revenues continue to grow at a significant rate while free cash flow usage is diminishing. * 10 Stocks Under $5 to Buy for Fall The business is getting stronger in almost every way possible, including the ever-important daily active users, which have jumped 8% over the past 12 months to 203 million. Take a bow, Evan Spiegel. Thanks to your efforts over the past year, your net worth has risen exponentially. A Loss of FocusA piece of earth-shattering news came across the wires August 13. Team Snap announced the launch of Spectacles 3, the third version of its costly Spectacles sunglasses that capture the world in 3D. Available for pre-order at $380; they'll begin shipping the sunglasses in the fall. Remember that focus I was talking about in the intro. The development of Spectacles is the antithesis of focus. While innovation is to be applauded, Spectacles isn't the kind of creativity that will reward Snap shareholders. Not now, not ever. "Grossly overestimating demand for Spectacles in 2016, Snap was forced to take a $40 million write-down on all the first-generation units it couldn't sell… which was most of them," Brumley wrote in November 2018. Here's what I said about Spectacles in September 2018:"I wish Snap would forget about those ridiculous Spectacles. While the second generation might look a lot better, they're nothing but a distraction from its real business of selling advertising."The crazy thing about the third version is that it's almost double the price of the second. Sure, Spectacles 3 comes equipped with a second HD camera, but who in their right mind is going to pay that kind of price for two HD cameras? Perhaps the price increase is meant to ensure the company makes money on each pair sold, but something tells me this fascination with sunglasses is going to end with another writedown. It's All About Making MoneyI can understand Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) making this kind of crazy bet on 3D sunglasses. It generated $27.4 billion in free cash flow over the past 12 months; it's got an entire division dedicated to moonshots that aren't likely to pan out. Snap's free cash flow usage over the trailing 12 months ended Q2 2019 is $489 million, down considerably from $914 million a year earlier. It's reduced its free cash flow usage for four straight quarters, so it's going in the right direction. However, I fail to see how Spectacles 3 is going to help reduce that number even further. Until it's generating positive free cash flow, investors ought to be suspicious of vanity projects such as this one. They're a waste of time, resources and focus. While I still believe Snap stock could still hit $20 in 2019, the company's insistence on maintaining the Spectacles business portends a potential correction in 2020.If you're considering money-losing social media, I continue to prefer Pinterest (NYSE:PINS) over SNAP stock because it's got a better pathway to profitability. And most importantly, it's unlikely to make a spectacle of itself.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 * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post With Spectacle 3, Snap Stock Is All Set for Another Major Failure appeared first on InvestorPlace.
WeWork parent The We Company shares some unflattering financial characteristics with Lyft that were revealed in its prospectus this week and could damp appetite for the IPO. That's according to IPO Edge Editor-in-Chief John Jannarone, who spoke to Cheddar TV about the workspace company's deepening losses and poor corporate governance. After reviewing the filing with […]
WeWork has unveiled its prospectus for a $3bn-$4bn initial public offering that would see the office-space provider become the latest private unicorn to go public in the face of stormier markets and a gloomier global economy. The heavily lossmaking property group, which stated its mission was “to elevate the world’s consciousness”, would follow Uber, Lyft and Pinterest in a rush to IPO this year after an extended period when hyped young companies have relied on private investors to supply billions of dollars of growth capital. The stampede is seen by some money managers as a sign that stock markets are near their peak.
Bay Area unicorn tech companies stampeded toward the IPO gate this year, making a large number of founders billionaires — in some cases more than four times over. Seven founders of the 11 Bay Area tech companies that went public this year now hold stakes worth more than $1 billion, based on the founders’ holdings on the day of the IPO, as noted in their Securities and Exchange Commission filings, as well as closing stock prices on Monday. “The one difference from 10 years ago is many of them have already sold stock through secondaries while private, so they usually have taken care of the basics like buying a home by the time they go public,” said Andy Rachleff, co-founder and CEO of online financial advising firm Wealthfront.
Major social media stocks Twitter (TWTR), Snap (SNAP), and Pinterest (PINS) have risen in the last month. Can they hold on to their gains?
It was a tough day on Wall Street, with investors hitting the exits on trade worries, concerns over Hong Kong, and as bond prices again rally. The markets are often volatile in August, and 2019 is proving to be no exception. Here are a few top stock trades to watch. Top Stock Trades for Tomorrow No. 1: RokuAt one point, Roku (NASDAQ:ROKU) stock was up 8% on Monday. The move adds to Roku's three-day gain, with shares up more than 30% since reporting earnings last week.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMonday's move was inspired by the analysts at Nomura, who upped their price target to $150 per share. Despite the big move, shares are hardly overbought -- at least technically speaking via the RSI indicator (blue circle). * 7 Stocks Under $7 to Invest in Now A move into the upper $130s or lower $140s is still possible, with a Fibonacci extension near the latter. If the overall selling pressure in the market is too great, though, Roku may not be immune. In that case, see if prior short-term channel resistance (black line) can act as support on a pullback. Top Stock Trades for Tomorrow No. 2: PinterestPinterest (NYSE:PINS) outperformed the market on Monday, but did so in a very strange way.In midday trading, shares suddenly spiked higher, surging to $36 before retreating and giving up almost all of its 6% intraday gain. $34 remains a tough level for the stock, even after its strong earnings report last week.That said, it continues to hold $32 and its 8-day moving average. However, like other stocks, support may give way should overall market selling pressure pick up. Keep an eye on $32 support, and $31.50 just below that. Breakout traders may consider going long PINS on a close over $34. Top Stock Trades for Tomorrow No. 3: NetflixNetflix (NASDAQ:NFLX) stock held up okay on Monday, but its chart still looks concerning. Below, the $305 to $310 level is a concern. It will put the August lows near $297 on the table. A close below that opens up NFLX to a decline down the $270 to $275 area.On a rally, see if NFLX stock can reclaim its 20-day moving average. If it can, its 200-day is the next upside target. Top Stock Trades for Tomorrow No. 4: DeereDeere (NYSE:DE) stock is looking ugly. Shares rallied into former support at $155 as well as its 200-day moving average before tumbling more than 4% on Monday. The company reports earnings on Friday, adding more volatility into the stock.At this point, DE stock either needs to reclaim the $155/200-day moving average area or pull back to range support near $135. Top Stock Trades for Tomorrow No. 5: McDonald'sMcDonald's (NYSE:MCD) stock may be a flight-to-safety name, but shares are under pressure on a day where the stock market is in decline as well.The selling pressure comes as shares run into channel resistance. Now I'm looking for a test of channel support. That would put MCD in play somewhere near $213. As much as I'd hate to see MCD break channel support, a dip to $210 and the 50-day moving average would also be attractive.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU and PINS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post 5 Top Stock Trades for Tuesday: ROKU, PINS, NFLX, MCD appeared first on InvestorPlace.
The move would allow employees and investors to sell their shares a month earlier and could potentially ring up in excess of $15 billion in sales.