|Bid||58.58 x 1300|
|Ask||58.59 x 800|
|Day's Range||58.20 - 58.62|
|52 Week Range||41.91 - 60.74|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||12.31|
|Forward Dividend & Yield||0.37 (0.63%)|
|1y Target Est||70.40|
Between the still-growing music streaming services and the return of vinyl, the compact disc is in danger of disappearing. For financial purposes, most are no more of an antique goldmine than cassette tapes. Before you chuck them in the garbage, see if you have Eminem’s 1997 "Slim Shady EP" from 1997.
The 2020 holiday season will mark the onset of the next generation of console wars. According to Sony, that's when it will launch the PlayStation 5.
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Netflix stock has lost value amid weak Q2 results and increasing competition. Ahead of its Q3 results, investors should watch its subscriber growth.
Investing.com - GameStop (NYSE:GME) was lower in midday trade on Tuesday after Sony (NYSE:SNE) said it would release its latest PlayStation model during the 2020 holiday season.
Sony (SNE) is undertaking a number of measures in its Branded Product Business, which includes Mobile Communications, Imaging Product & Solutions, and Home Entertainment & Sound segments, to ensure stronger growth.
For some, the idea of electric drones buzzing overhead is downright dystopian. Science fiction teaches us that these "eyes in the sky" are the foundation of surveillance culture. They can follow us everywhere we go, and there is nothing we can do about it, asserts growth stock expert John Markman, editor of Pivotal Point.
Shares of GoPro (NASDAQ:GPRO) tumbled in early October after new product announcements from the action camera maker were overshadowed by news of production delays and a sharp second-half 2019 guidance cut. Specifically, although GoPro announced the new HERO8 Black and HERO MAX cameras, management also announced that a late stage production delay would push back HERO8 Black shipments.Source: Larry George II / Shutterstock.com This production delay forced management to cut it second-half 2019 revenue, margin, and profit guides. GPRO stock fell about 20% on the news. Shares now trade hands narrowly above $4 -- just a few dimes above all time lows. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? This is where GoPro stock deserves to trade today. For several years now, there have been murmurs of a long overdue GoPro turnaround. But, that turnaround has never arrived. The reality is that it will never arrive. GoPro is a niche consumer hardware company with low margins, a small addressable market, limited demand, and muted profit growth prospects.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven that reality, at best, shares are worth around $5 today. At worst, they could be worth nothing. As such, GPRO stock deserves to trade below $5. Any rallies above that important level should be faded. GoPro's Fundamentals Aren't GreatIn a nutshell, the fundamentals underlying GPRO stock aren't great, and don't really inspire much confidence when it comes to long-term profit growth prospects.GoPro sells action cameras. Here's the thing about action cameras. Most consumers don't need them. Most consumers don't do action and adventure things consistently enough to shell out several hundred bucks for a camera to record those activities. That's especially true considering that, for most of us, a smartphone will do the job just fine.Further, for those who do participate in action/adventure things AND want to record them on something other than a smartphone, they do buy an action camera. But, they only do so once every few years because these cameras are durable and don't get frequent enough use to upgrade any sooner.Thus, as an action camera company, GoPro is selling to a niche audience wherein potential buyers only buy once every few years. That's not a great business cycle. Especially when the cameras don't sell for that much (a few hundred bucks), and have fairly low gross margins (between 30% and 40%). Add in the fact that there's a lot of competition in this market -- DJI, Sony (NYSE:SNE), and YI, among others -- so GoPro has to spend a fair amount on sales and marketing to drive sales, and you're left with a permanently low-growth, low-margin business.Those aren't great fundamentals. Ultimately, those fundamentals support the fact that this company will never produce that big of a profit. That simultaneously implies that GoPro stock will never get that big of a price tag. GoPro Stock Isn't Worth More Than $5All things considered, GoPro stock isn't worth more than $5 today.Here's the logic. The action camera market isn't growing. GoPro isn't expanding share in that stagnant market. As such, over the next several years, GoPro's revenues should grow with inflation and price hikes. But, there won't be much unit growth. Thus, big picture, GoPro projects as a low single digit revenue grower at best.Meanwhile, gross margins are improving today. But, that's because they are bouncing back from depressed 2018 levels. After this year, gross margins will likely flatten out because GoPro doesn't have much wiggle room in terms of margin additive price hikes. Further on down the income statement, GoPro will likely continue to pull costs out of the system. But, GoPro will run into some cost-cutting resistance here because they've already done tremendous slimming, and the company still needs to spend a fair amount on marketing to remain relevant in a crowded market.GoPro projects as a low single-digit revenue grower with limited upside margin drivers. My modeling suggests that, in a best case scenario, GoPro's EPS winds up at 50 cents by fiscal 2025. Based on a market average 16-times forward earnings multiple and a 10% discount rate, that equates to a 2019 price target for GPRO stock of under $5. Bottom Line on GPRO StockIn a best case scenario, GPRO stock is worth $5 today. In a worst case scenario, this company will continue to burn through cash until it's all gone, meaning the stock will ultimately wind up worthless.Given those two potential outcomes, GoPro stock doesn't look very compelling at $4 and change.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: The Race Is a Little More Gnarly Now * 7 Next-Generation Healthcare Stocks to Buy * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? The post Why GoPro Stock Deserves to Trade Below $5 appeared first on InvestorPlace.
With the U.S.-China trade war again showing no sign of resolution, and combined with other geopolitical flashpoints, plowing into growth stocks is probably the last thing on many investors' agendas. And while the U.S. markets have certainly printed some red ink recently, a growth-based strategy surprisingly isn't completely insane. We just may be looking at the wrong place.Stereotypically, Americans tend not to think much beyond their zip code, let alone their country. That's perhaps the privilege of living in the greatest nation on earth. In this case, though, being self-absorbed has some tangible consequences. Looking beyond our borders, international growth stocks offer interesting plays for the risk-tolerant investor.In full disclosure, I've been negative on both the domestic and global economies. Obviously, I'm not the arbiter of what happens next. And certain indicators, such as the economic surprise indices, suggest that global markets are stronger than advertised. This includes countries like Japan, Canada, China, and the Eurozone. If true, that bodes very well for international growth stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother factor potentially bolstering international growth stocks is that the U.S. markets are stretched. Shrewd investors want to see more bang for their buck. Likely, they're not going to get much stateside. However, global markets offer upside, if you're willing to stomach the risk. * Do These 7 Retail Stocks Make the Grade? If that's you, here are seven international growth stocks to consider: Barrick Gold (GOLD)Source: Shutterstock Headquartered in Canada, Barrick Gold (NYSE:GOLD) is easily one of the best international growth stocks to put on your short list. With fears rising about geopolitical flashpoints, as well as our own economic stability, GOLD stock is a perfect choice for those who want exposure to safe-haven assets, but don't want the hassle of owning physical bullion.Plus, if you're pessimistic about the broader narrative, GOLD stock offers a hybrid play: you can indirect exposure to safe-haven assets while still participating in the financial system. Better yet, analysts project serious growth for the mining company. Next year, they anticipate growth of 46%, and nearly 34% per annum over the next five years.While this sounds rather robust, it's not at all unreasonable. Gold prices have been deflated for several years, so they're due for a pick-me-up. Additionally, the catalysts - primarily fear and uncertainty - are evident in the markets. Thus, keep GOLD stock close to your chest. Something tells me you'll be glad you did. Sibanye Gold (SBGL)Source: Shutterstock I don't intend to turn this list of international growth stocks into a mining-centric write-up. Nevertheless, the bullish narrative for Sibanye Gold (NYSE:SBGL) is, in my opinion, extremely powerful.For starters, SBGL stock offers the same hybrid opportunity as Barrick Gold: you get the indirect protection that precious metals provide if we suffer economic hardship, as well as the convenience of plugging into the financial system. More importantly, though, the South African-headquartered mining firm specializes in platinum and palladium production.Both metals are critical for the development of catalytic converters. Due to stricter emissions standards in the automotive industry, palladium demand has already skyrocketed. While electric vehicles aim to overturn traditional fossil-fueled cars, this complete transition won't happen so quickly. This situation augurs very well for SBGL stock. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? Moreover, we have to think about the political situation. Increasingly, climate change and its associated issues have taken center stage. For now, the best way to address earth's climate is through more rigorous emissions standards. This will only spike up palladium and platinum demand, further bolstering SBGL stock. Sony (SNE)Long playing second fiddle to consumer electronics king Apple (NASDAQ:AAPL), my alma mater Sony (NYSE:SNE) offers an interesting play among international growth stocks. For one thing, I tend to believe in market cycles. As one organization dominates, they must provide increasingly compelling storylines to keep investors interested. Because SNE stock is on the outside looking in, they don't have to worry about that pressure.Fundamentally, SNE stock may be fortuitously well positioned. I say this because with peak smartphone, it's become exponentially harder to excite customers. According to some sources, for instance, Apple's new iPhone 11 isn't all that great.In contrast, I'm very excited about Sony's upcoming product pipeline. Sure, I'm biased. But with something as powerful as the upcoming PlayStation 5, it doesn't matter: it's almost a guarantee that Sony's flagship product will receive massive fanfare. Obviously, this is a net positive for SNE stock.Plus, Sony isn't just riding the PlayStation horse. They've got other viable platforms, such as artificial intelligence-based video-content creators, as well as next-generation "pro-sumer" digital cameras. It all makes for a strong contrarian candidate among international growth stocks. Cemex (CX)Source: Wikimedia CommonsPresident Donald Trump may not always show his appreciation, but Mexico is a vital partner to the U.S. Of course, because of the current political situation, this relationship is unfortunately strained, to put it mildly. But that shouldn't dissuade you from considering Cemex (NYSE:CX) among your list of international growth stocks.Since July of 2017, CX stock has unfortunately suffered substantial volatility. Some of the harsh rhetoric from the White House has spilled over into our trade agreements with Mexico. As such, many investors have chosen to dump Cemex.But with shares down so much since then, I think it's time to put CX stock on your radar. First, the U.S. isn't Mexico's only trading partner. Thanks to modernization initiatives and various efficiencies, Mexico represents an attractive place for business. Unsurprisingly, foreign direct investment dollars have flowed in from Japan and the European Union. * 8 Dividend Stocks to Buy for a Recession Finally, keep in mind that Mexico features very favorable demographics. Currently, almost half of the country's population is what we would term working age. Also, because of their robust population growth, Mexicans aged zero to 14 years represent almost 27% of the country's tally. Thus, you're looking at a very important global labor market, which is net positive for CX stock. Tencent (TCEHY)Source: Shutterstock With Chinese growth stocks at the forefront of the U.S.-China trade war, this sector seems inevitably doomed. Again, in the interest of full transparency, I've recently adopted a less-than-positive stance on China. As the word of words continue to heat up, it's hard to imagine that companies like Tencent (OTCMKTS:TCEHY) can emerge from the muck without a trade deal.That said, TCEHY stock is a name you shouldn't ignore. Although many investors like to put tags on Tencent, such as China's Facebook (NASDAQ:FB), it's much more than that. For example, Tencent owns the WeChat app, which has more than a billion monthly users. That's second only to Facebook's WhatsApp and Messenger platforms.But a more critical point boosting the bullish thesis for TCEHY stock is WeChat's comprehensive nature. Like any messaging app, it's any easy way to connect with family, friends and colleagues. However, WeChat also arranges payments and books flights and hotel rooms.As China continues its push toward full modernization, WeChat will play a pivotal role. Therefore, you've got to keep TCEHY stock on your short list, irrespective of how you feel about the trade war. Ericsson (ERIC)Ericsson (NASDAQ:ERIC) and especially rival Nokia (NYSE:NOK) once dominated the "old school" cellphone market. But once Apple's iPhone launched, it has largely been dead man walking for ERIC stock.And there's really no question that Ericsson is a speculative name. For context, back during the tech bubble, ERIC stock once had a triple-digit price. Today, with shares firmly priced under $10, those glory days are long gone.Ordinarily, most conservative investors wouldn't give a second thought to Ericsson. However, with the telecom industry's 5G rollout, the long-embattled company suddenly has a lifeline. Through key global partnerships, Ericsson has provided the equipment necessary to implement this next-generation technology. As this rollout continues, ERIC stock may attract more investor dollars. * Do These 7 Retail Stocks Make the Grade? Analysts project growth of 35.1% next year, and nearly 64% per annum over the next five years. It's an interesting opportunity. However, just be careful that ERIC has a history of wild volatility. Credicorp (BAP)Admittedly, the idea of incorporating Credicorp (NYSE:BAP) into this list of international growth stocks is fraught with risk. As Peru's largest financial holding, BAP stock immediately loses credibility. If you haven't heard, the country is chest-deep in a political crisis. To very briefly summarize, Peru's president and vice president each claim to be the nation's rightful leader.So, why even think about BAP stock? For one thing, Peru has endured massive structural changes over the last few decades. While this present crisis is indeed worrisome, the Peruvian people have a long history of dealing with these high-level shenanigans. While I'm not trying to make light of the situation, it's not unreasonable to believe that the nation will eventually resume business as usual.When it does, Peru has interesting characteristics that could help lift BAP stock. Primarily, the country's GDP is mostly tied to the services sector. Because of that, Peru needs a robust workforce, which they have. Their population pyramid is very favorable, featuring a very large allocation of young people.As of this writing, Josh Enomoto is long gold bullion and SNE stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Do These 7 Retail Stocks Make the Grade? * The 10 Best CEOs of the Third Quarter * 5 Big IPOs That Are Getting Smashed The post 7 International Growth Stocks for Your Shortlist appeared first on InvestorPlace.
The cloud gaming war is imminent, and Sony is making its final moves in preparation. It's slashed the price of its Playstation Now subscription by half.
Scarendipity, one one of the Southeast's largest private Halloween bashes, won't be running in 2019 — just the second time in the last 15 years. And the party's future is clouded.
Facebook (FB) boosts its virtual reality portfolio with Oculus offerings such as Facebook Horizon, Oculus Link, hand tracking features and more.
Facebook's (FB) ICC deal is expected to help expand its footprint in India's streaming space, currently dominated by Disney's Hotstar and SonyLiv.
Sony (SNE) intends to offer an 85,000-square-foot luxury dine-in theater with 15 screens at Galaxy Theatres' newest venue at Grandscape, Texas, by spring of 2020.
General Motors, Facebook, Sam’s Club, Sony and Verizon are the companies to watch.
The show about nothing is making a couple of big moves. On Sept. 16, Netflix, Inc. (NASDAQ: NFLX ) said it will buy the global streaming rights for "Seinfeld" from Sony Pictures Television, a ...