|Bid||187.68 x 800|
|Ask||187.69 x 1800|
|Day's Range||186.43 - 187.73|
|52 Week Range||143.46 - 187.93|
|PE Ratio (TTM)||4.93|
|Beta (3Y Monthly)||1.11|
|Expense Ratio (net)||0.20%|
Dalio’s Bridgewater Warns about Peak Margins—Should You Care?(Continued from Prior Part)Margins on the verge of reversion In its research, Bridgewater Associates has argued that the current margins in the US corporate (DIA) (QQQ) sector aren’t
Dalio’s Bridgewater Warns about Peak Margins—Should You Care?(Continued from Prior Part)A turning point for corporate margins? In its research, Bridgewater Associates has presented several arguments to support its view that current US corporate
Key Macro Updates: Growth, Central Banks, and EarningsAnalystsTowards the end of 2018, most analysts looked bearish on the global economy as well as financial markets. The pessimism wasn’t totally unfounded. The tax-cut-fueled stimulus was fast
Raymond James' Take: Can the Bull Run Continue?(Continued from Prior Part)Raymond James versus Morgan StanleyJeffrey Saut, Raymond James’ chief investment strategist, told CNBC that the stock markets (SPY) could rally to fresh highs. His opinion
Bill Ackman Thanks Warren Buffett for His Fund’s Comeback in 2019Bill Ackman is making a strong comeback in 2019Bill Ackman, Pershing Square’s founder and CEO, spoke at a money manager conference in New York on April 16. This year is turning out
Raymond James' Take: Can the Bull Run Continue?Stock markets’ remarkable recoveryThe stock markets have had a remarkable recovery since the fourth-quarter sell-off. Year-to-date, the S&P 500 (SPY) and the Dow Jones Industrial Average Index
If you're an investor with a keen interest in technology, it's only natural to take a look at exchange-traded funds (ETFs) that track the Nasdaq. The technology sector is historically volatile compared with the NYSE, and Nasdaq stocks exhibit about 35% more volatility.
Positive economic data and upbeat first quarter earnings helped lift U.S. markets and stock exchange traded funds on Thursday. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.2% and SPDR S&P 500 ETF (SPY) was 0.5% higher. Meanwhile, upbeat profits helped industrial sector stocks lead in the S&P 500 while healthcare companies pared losses from earlier in the session.
BAML Survey: How Are Global Fund Managers Positioned?(Continued from Prior Part)Investors’ expectations of the Fed According to the Bank of America Merrill Lynch survey for April, 53% of the fund managers surveyed don’t see the Federal Reserve
BAML Survey: How Are Global Fund Managers Positioned?BAML survey’s key findings BAML (Bank of America Merrill Lynch) conducted a survey that polled 187 global investors with $547 billion in total assets under management between April 5 and April
Discover four viable hedging strategies with index-based ETFs, including the use of inverse and leveraged funds, as well as call writing and buying puts.
Could Apple and Qualcomm’s Settlement Mean Upside for Point72?(Continued from Prior Part)QCOM surges on a deal with Apple Qualcomm (QCOM) stock surged 23% on April 16 as Apple (AAPL), which QCOM has had an ongoing legal battle with over license
The Invesco QQQ Trust (QQQ) reached an all-time high on Wednesday trading as high as $187.93 before closing at $187.15. The Invesco QQQ ETF first hit the markets on March 10, 1999 and has provided a long-standing ...
Could Apple and Qualcomm’s Settlement Mean Upside for Point72?Steve Cohen’s Point72 Management Steve Cohen is a very high-profile investor whose SAC capital returned 30% annually for more than 20 years. In 2012, the firm was found guilty of
Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on the next downturn Jeffrey Gundlach believes that if equities do well this year, emerging market equities will do better than US stocks (SPY)
Okta Software (NASDAQ:OKTA) isn't a household name like Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) or Microsoft (NASDAQ:MSFT). However, that doesn't mean investors should ignore Okta stock, which is a growth monster right now.In late-March, we highlighted Okta as a top mid-cap growth stock to buy. Okta was listed alongside six other top picks that caught our eye as shares were racing higher.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWe said investors who have missed the boat thus far (although they shouldn't have based on our call that its earnings selloff was premature and an over-reaction) could hope for a buyable pullback.So far that hasn't materialized, with shares up almost 20% since that article was published. What now? Should You Chase Okta Stock Now?Generally speaking, I don't like to chase stocks. Okta may be a great company but that doesn't mean I want to pile into the name after we've seen a near-24% rally in the S&P 500 and a near-30% rally for the PowerShares QQQ ETF (NASDAQ:QQQ) since Christmas. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? At some point, either the individual stock will pullback for company-specific reasons or Okta will get swept up in a market-wide correction. I'm no doomsday forecaster, but I'm realistic. Stocks don't go from Point A to Point B in a straight line. At some point, we'll get a correction in the name. Whether its 15%, 25% or 40% though, I have no idea.On a correction, investors will have to decide if Okta is a name for them. Keep in mind, the company is not yet profitable. Management's most recent outlook called for a larger-than-expected loss this year, but also better-than-expected revenue growth.At first investors sold the stock on these results, but quickly bid it back up once they realized the growth engine is still churning strong. Estimates call for almost 34% revenue growth this year and for nearly 31% growth next year.The company has $563.7 million in cash and short-term investments, while short-term debt sits at $271.6 million and Okta carries no long-term debt. However, the far more important metric is cash flow.Okta Inc already has positive operating cash flow and is very close to positive free cash flow. If these metrics are able to accelerate and if Okta can turn free cash flow positive, the stock should have even more upside.That said, Okta has one huge knock: The valuation. Shares trade at roughly 20 times this year's sales. So yeah, waiting for a pullback is certainly prudent. Trading Okta Stock Click to EnlargeSo what might a pullback in Okta look like? A 10% correction would drop Okta to ~$85.50, right in line with the 50-day moving average and current channel support. However, it's quite likely that we won't get a 10% correction fast enough to to where these levels are still relevant. It's possible, but not something we should bank on.Shares are holding up over channel resistance and if they surge higher from here, this trend could prove to act as support in the near future on a pullback. But I'm not interested in a buying a 4% or 5% pullback after an even higher run. I'm looking to get a good price on this one.I don't know if we can get a 21% decline from current levels down to $75. But if we do, I would love to consider adding Okta to your portfolio. This would drop Okta down to a critical level and put it just above the 200-day moving average. This level was resistance in September and post-earnings support in March.Aggressive bulls may consider a long position on a correction down to this $85 to $88 level and adding on a dip down to $75. Below the latter level and we'd have to re-evaluate, but as of now these are a few of the levels I'm watching on a correction.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Okta Stock Is Due a Pullback, so Get Ready to Pounce appeared first on InvestorPlace.
Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on central banks Jeffrey Gundlach presented his views on central banks’ policies and how they impact investments during his interview with The
Why Jeffrey Gundlach Thinks Now's a Good Selling OpportunityJeffrey Gundlach on markets So-called bond king Jeffrey Gundlach, who is also the CEO of DoubleLine Capital, discussed his views regarding markets, assets, and the economy in general during
Ups and Downs for Einhorn’s Greenlight Capital in Q1(Continued from Prior Part)Tesla’s underperformance Tesla (TSLA) stock has underperformed markets this year. While Tesla stock has fallen 19.6%, the S&P 500 (SPY) and NASDAQ Composite (QQQ)
U.S. markets and stock ETFs were stuck in sideways action as mixed earnings results sapped traders’ enthusiasm. On Monday, the Invesco QQQ Trust (NASDAQ: QQQ) was flat, SPDR Dow Jones Industrial Average ...
Ups and Downs for Einhorn’s Greenlight Capital in Q1Greenlight Capital’s performanceWhile last year wasn’t good for hedge funds in general, it turned out to be the worst on record for David Einhorn’s Greenlight Capital (GLRE). Vastly
China No Longer Seems to Be Biggest Concern for Global Economy(Continued from Prior Part)China’s growthSeveral observers have cited China’s sputtering growth as the biggest risk for global markets. However, over the last few weeks, we’ve seen