|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||239.01 - 252.79|
|52 Week Range||102.35 - 289.51|
|Beta (3Y Monthly)||2.69|
|PE Ratio (TTM)||120.66|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||261.25|
The experienced executive will help the ad-buying platform tap into one of the world's most important markets for digital advertising.
When it comes to investing and picking stocks, I take a three step approach.First, the fundamentals -- the numbers and long-term growth prospects have to check out and warrant the present valuation. Second, the optics -- there has to be some behavioral reason out there why investors will want to buy this stock over the next several months and years. And third, the technicals -- the chart has to make sense and support the bull thesis. * 10 Cheap Dividend Stocks to Load Up On In this gallery, we will focus on that third component, the technicals. I have selected a group of high-quality stocks which check off the first two boxes and hit a home run on the third box, meaning that they all have really good charts which support the bull thesis.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWithout further ado, let's take a look at a list of seven stocks to buy with great charts, and favorable fundamentals and optics, too. Stocks to Buy With Great Charts: Facebook (FB)The chart for Facebook (NASDAQ:FB) stock has looked good all year long.After a secular decline in 2018, FB stock put in a bottom in December 2018. Since then, the stock has formed a nice uptrend over the past eight months, with a strong, upward sloping support line that has tested and held three times before -- each time when the stock's relative strength index tumbled towards oversold territory.We have a similar setup today. Facebook stock's RSI is tumbling towards oversold territory, and the stock is testing this multi-quarter support line. It appears like FB wants to hold this support line yet again, and if so, a big bounce could be just around the corner.The 2019 recovery in technicals for FB stock has been mirrored by a recovery in its fundamentals and optics. The fundamentals for FB stock have been rock solid all year long. User growth has remained steady. Revenue growth has remained robust. Margins are starting to rebound now that big data security investments are being phased out. Profit growth is coming back into the picture.Meanwhile, the optics have been similarly good all year long. Investors (and consumers) are forgetting or have already forgotten about the Cambridge Analytica scandal. This controversy moving into the rear-view mirror has lifted investor sentiment, which has helped push the stock higher over the past eight months.The fundamentals, optics and technicals all project to remain favorable for the foreseeable future. As such, the 2019 uptrend in FB stock is set to persist into the end of the year. AT&T (T)The chart on AT&T (NYSE:T) looks so good because this stock appears to be in the early stages of a technical breakout. The 20-day moving average has surged above the 50-day moving average. Both of those moving averages have surged above the 200-day moving average. All three of those moving averages are sloping upward (albeit only slightly on the 200-day).The last time these three things happened (20-day above 50-day, both above 200-day and all three with a positive slope) was back in early 2016. T stock essentially proceeded to rally from under $35 to nearly $45 in 2016.Further, the stock has formed a very strong, upward sloping support line since putting in a 52-week low during the late 2018 selloff. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The fundamental bull thesis lines up with the technicals here. AT&T is a telecom giant which has struggled with wireless pricing competition and wired cord-cutting over the past several years. But, in 2020, those headwinds should be replaced by tailwinds. Specifically, the wireless business will get a big boost from the 5G boom, while cord-cutting headwinds should be offset by streaming growth through the 2020 launch of content-packed HBO Max.As such, the fundamental bull thesis on T stock looks equally good as the chart at this moment in time. Chegg (CHGG)The chart for Chegg (NYSE:CHGG) looks good simply because the stock has been so strong for so long, even amid massive market turbulence over the past year.The secular uptrend in CHGG stock really started in early 2017. Ever since, CHGG stock has been up over 400%. More impressively, the stock hasn't had many major drawdowns during that stretch. Since 2017, the stock has tested its 200-day moving average only once -- during the late 2018 selloff when the markets briefly entered a bear market. Outside of that, CHGG stock has been on a solid, straight-line uptrend since early 2017.The fundamentals supporting CHGG stock are so good, that it's no wonder why the stock has been on such a winning trajectory. Chegg has created a digital education platform which high school and college students everywhere don't just want, but need in today's internet-dominated world (and they are willing to pay for it). As such, Chegg's subscribers have grown at a roughly 40% clip over the past several years, while revenues have grown at a nearly 45% clip. Pretty much all of that revenue is subscription-based, so it's annually recurring, and it's also very high margin.Chegg is really just getting started on its high-growth, high-margin growth narrative. Chegg only has around 3 million subscribers. There are over 35 million high school and college students in the United States alone. Consequently, the company's revenues and profits will continue to trend significantly higher over the next several years. As they do, CHGG stock will stay on this long-term winning trajectory. Under Armour (UAA)The chart on Under Armour (NYSE:UAA) looks good here because its technicals are showing that you have a way oversold stock due for a big reflex rally.Long story short, the relative strength index on UAA stock has dropped to 20, which is well into oversold territory, while the price is now testing a long-term support line. The last time this combination happened (oversold RSI with test of long-term support line) was back in late 2018. The stock proceeded to bottom and then rally more than 20% over the following month.The fundamentals here also support the idea the UAA stock is due for a bounce-back. The big drop in Under Armour stock is due to two things. First, the company reported underwhelming earnings at the end of July. Second, the U.S. has threatened to impose new tariffs on China.But, those underwhelming earnings are now fully priced into UAA stock, and one could very reasonably argue that the stock is now undervalued relative to its long-term growth prospects. At the same time, the U.S. tariff threat seems more like a chest puff than anything else -- given that many of the tariffs have actually been delayed -- so trade tensions should de-escalate over the next few months. * 7 Safe Dividend Stocks for Investors to Buy Right Now Consequently, the fundamentals and optics here imply that UAA stock will reverse course soon. The Trade Desk (TTD)The chart for The Trade Desk (NASDAQ:TTD) looks good mostly because you have a long-term winning stock which has a well-defined and strongly upward-sloping support line. And the stock is getting ready to test that support line soon -- implying that a bounce could be around the corner.Specifically, ever since early summer 2018, TTD stock has essentially tripled, and in so doing, has only tested its 200-day moving average once. Further, in 2019, The Trade Desk stock has established a strong, upward-sloping support line which has held four times over the past nine months. TTD is gearing up to test this support line again amid broader market weakness. If the stock holds this support, a big bounce could be around the corner.Much like Chegg, it's no wonder that TTD stock has such a great chart, given that the fundamentals underlying TTD are equally robust.The Trade Desk is the leader in the programmatic advertising world. Programmatic advertising is the future of advertising. It is essentially the convergence of the automation and data-driven trends into the ad world, wherein computers and data-driven algorithms programmatically allocate and spend.Right now, only a small slice of the global ad spend pie is transacted programmatically. Eventually, given that data and automation are the future, pretty much every ad dollar around the world will be transacted programmatically. Thus, as the ad world pivots into programmatic advertising, The Trade Desk will benefit from robust ad spending and revenue growth. Margins will improve with scale, and profit growth will be doubly robust.Net net, then, The Trade Desk is supported by secular growth drivers which ultimately imply that TTD stock will run higher long term. Wayfair (W)The chart on Wayfair (NYSE:W) looks good because you have a long-term winning growth stock that has a history of both sharp selloffs, and sharp rebounds from those selloffs. W stock is currently in the midst of one of those selloffs, and is technically positioned for a big rebound rally.Specifically, the relative strength index on Wayfair stock has recently plunged to just over 20 -- well into oversold territory. Wayfair's RSI has taken a deep dive into oversold territory three times before since January 2018. Each time, the stock bottomed shortly after the RSI entered oversold territory, and proceeded to stage a huge comeback rally over the subsequent few weeks or months.The company's fundamentals support the technicals here in saying that Wayfair stock is due for a big recovery rally.Wayfair stock has been killed over the past few months because of a few things, including poor macroeconomic conditions, a bad third-quarter guide and a convertible note offering. All of this is really just noise. For all intents and purposes, Wayfair is a consumer-driven growth company, and the consumer globally remains fairly healthy, especially in the U.S. Just look at this red hot July retail sales report. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Secular tailwinds in the e-commerce space remain healthy, and lower rates globally should promote more big ticket purchases -- like home and home furnishing purchases.Net net, the core fundamentals here remain solid. As such, once near-term macro noise passes, W stock should bounce back from today's oversold levels. Adobe (ADBE)There is no such thing as a "perfect" chart. But, the chart for Adobe (NASDAQ:ADBE) comes pretty close. Ever since 2012 -- when Adobe pivoted into a cloud, software as a service model -- ADBE stock has taken off and has not looked back. Every few months, the stock will test its 200-day moving average. Every time, the stock largely holds that level. And, every time, the stock bounces back and moves higher, and the 200-day moving average moves higher too.In other words, this stock has been on a seemingly unstoppable uptrend over the past seven years.Adobe checks off every box you'd want a growth stock to check off.Big revenue growth? Check -- 20%-plus revenue growth in each of the past several quarters. Secular demand drivers? Check. The world is becoming more visually obsessed, and as it does, consumers and enterprises alike are increasingly using Adobe's visually-focused solutions. Limited competition? Check. Adobe has so little competition in the creative solutions space that the average Joe would be hard-pressed to name an Adobe alternative. Big margins? Check. Adobe's subscription business runs at 90%-plus gross margins. Revenue visibility? Check. Adobe collects about 90% of its revenue form annually recurring subscriptions.So long as Adobe continues to check off all those boxes -- and the global economy staves off a recession -- ADBE stock should continue to trend higher.As of this writing, Luke Lango was long FB, T, CHGG, UAA, TTD, and ADBE. 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 7 Stocks to Buy With Great Charts appeared first on InvestorPlace.
President and CEO of The Trade Desk Inc (30-Year Financial, Insider Trades) Jeffrey Terry Green (insider trades) sold 294,000 shares of TTD on 08/13/2019 at an average price of $259.44 a share. Continue reading...
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Markets are choppy right now. Although there are a lot of risks out there, none of them are truly that big … yet. Investors are getting more concerned by the day, and that's why some growth stocks have taken a step back in August.It's also why volatility is up.But, zooming out, the biggest investment implication of this volatility is as follows: buy the dip in growth stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStocks should broadly head higher for the foreseeable future. As investors grow more cautious on the global economy, they have piled into U.S. Treasuries. At the same time, the Federal Reserve is cutting rates. The result is that the 10-Year Treasury yield is at 1.7%. And the inflation rate is at 1.6%.Thus, real rates are essentially zero, so if investors want any real return, they have to turn to the stock market. Concurrently, America's consumer economy is doing just fine -- it's just the manufacturing sector that's getting hit hard. Most of the U.S. economy is consumer-driven, so overall growth should remain healthy for the foreseeable future. This dynamic of healthy growth and low rates should keep stocks on an uptrend.Further, low rates are great for growth stocks, since these stocks derive a majority of their value from future profits, and the value of those future profits goes up in a low-rate environment. * 10 Real Estate Investments to Ride Out the Current Storm What all that means is that now is the time to buy the dip in growth stocks. Let's take a look at 15 of my favorite growth stocks to buy now and hold for the long haul. Growth Stocks to Buy for the Long Haul: Facebook (FB)Source: Shutterstock The bull thesis here is pretty simple. Facebook (NASDAQ:FB) owns all of the digital properties which consumers of all ages are addicted to -- Facebook, Instagram, Messenger and WhatsApp. One of those properties is the town hall of the internet, and everyone is on it (Facebook). One of those properties is the hottest app among young consumers (Instagram). Two of those properties are must-have global communication tools (Messenger and WhatsApp).In other words, everyone is in the Facebook ecosystem, and no one is leaving anytime soon. Because no one will leave, advertisers will continue to flock into the ecosystem. Ad revenues will march higher. The company will push forward with great success in commerce, too. That will bring in more revenue. Margins will remain high. Profits will soar.And so will FB stock. Shopify (SHOP)Source: Shopify via FlickrYou buy Shopify (NYSE:SHOP) stock for the long haul because this company is rapidly revolutionizing the commerce world, and could one day become the backbone of a new form of global commerce.Long story short, the commerce world is pivoting into a direct decentralized model, wherein anyone can sell anything to anyone else through any channel. This pivot requires technology to connect buyers and sellers. Shopify makes that technology. In so doing, Shopify is becoming the backbone of this direct decentralized retail world -- the digital "store front" for all these merchants, if you will.This world will only grow over the next several years, as the retail world increasingly decentralizes alongside the rest of the global economy. As it does, Shopify will become an increasingly important player in the multi-trillion dollar global retail market. * 7 AI Stocks to Watch With Strong Long-Term Narratives As that happens, SHOP's revenues, profits and the stock will all run higher in the long term. Luckin Coffee (LK)Source: Shutterstock Luckin Coffee (NYSE:LK) is a relatively small but rapidly expanding coffee house operator in China, which focuses on technology integration to drive sales (you basically order the coffee online, and then go pick it up in the store). Over the next several years, this company will continue to expand its real estate footprint with great success, because their tech integration fits perfectly with modern consumption habits.As such, within the next five years, Luckin will turn into the Starbucks (NASDAQ:SBUX) of China. Starbucks has a $115 billion market cap. Luckin Coffee has a $5.5 billion market cap. That huge discrepancy means that Luckin Coffee still has a big runway ahead of it for future value creation.Long term, then, LK stock should move higher as this company transforms into the dominant player in China's very big retail coffee market. The Trade Desk (TTD)Source: Shutterstock The long-term bull thesis on The Trade Desk (NASDAQ:TTD) centers around the programmatic advertising revolution.Long story short, programmatic advertising is the future of advertising. Before, ad buying/selling was a clunky negotiation process conducted between multiple human parties. Today, the ad buying/selling process is being automated and optimized using data. This automated process is programmatic advertising. Thus, as automation and data-driven technologies become more commonly deployed, programmatic advertising will become the standard in the ad industry.The Trade Desk is one of -- if not the -- most important player in the programmatic advertising market. As this industry expands over the next several years, so will The Trade Desk. The upside potential is that the global ad market is marching toward $1 trillion. The Trade Desk has a market cap of just $12 billion. * 10 Medical Marijuana Stocks to Cure Your Portfolio Thus, in the long run, TTD stock will march significantly higher as programmatic advertising becomes the ad industry norm. Roku (ROKU)Source: Shutterstock Consumers across the world are pivoting in bulk from linear TV to streaming TV. In response, multiple media and content companies are also pivoting into the streaming TV space, and launching their own streaming services. The result is that the streaming TV world is getting really crowded -- with a ton of demand and a ton of supply.Someone needs to connect all that demand with all that supply. That's what Roku (NASDAQ:ROKU) does. Through its content-neutral streaming ecosystem, Roku is turning into the cable box of the streaming TV world, seamlessly connecting consumers to their favorite streaming services. As the cable box of the streaming TV world, Roku stands to make a ton of high-margin revenue through subscription sharing and video ad dollars at scale.Net net, in the long run, as the streaming TV space grows, Roku's revenues and profits will march significantly higher. That will ultimately power ROKU stock higher in the long run, too. Pinterest (PINS)Source: Shutterstock The digital ad growth narrative is far from over. Consumers pretty much spend all their time in the digital channel. Yet, in 2018, digital ad spend accounted for less than 50% of total ad spend in the U.S. The market is growing at 20%-plus clip, too. The implication? The ad market still has a lot of growth firepower and a long growth runway ahead of it.That's great news for Pinterest (NYSE:PINS). Pinterest is a freshly public visual discovery platform with 300 million users. That's a big user base. But, Pinterest is just now starting to monetize with ads. That ad business has been growing at a great pace. It will continue to do so because the digital ad market is a secular growth market, and because Pinterest has a unique ad value prop in that market (visual discovery lends itself very well to ads). * 7 Transportation ETFs That Are Ready to Rally Over the next several years, then, Pinterest will start to monetize its users at the same rate as other major social media platforms. That creates visible runway for Pinterest to go from an $18 billion company today, to a $30 billion-plus company one day -- the market cap for Twitter (NYSE:TWTR) today. Square (SQ)Source: Via SquareThe long-term bull thesis on Square (NYSE:SQ) is all about two things: the global cash-less revolution, and Square's innovation trajectory in the cash-less payments world.Consumers everywhere are ditching cash. Why? Because cash is easy to lose. It's bulky, and can take up a lot of space. Cash transactions tend to take longer. In other words, there's a laundry list of reasons why consumers are pivoting away from cash usage, and why a cash-less world is the future of commerce. Yet, cash still accounts for 27% of all consumer payments in the United States, meaning that this secular cash-less payments growth narrative still has a ton of runway for future growth over the next several years.That's great news for Square, which has created an ever-expanding ecosystem in the cash-less payments world. At first, it started with Square creating hardware, which helped merchants of all sizes process non-cash payments. Ever since, Square has expanded into banking with Square Capital, peer-to-peer e-payments with Square Cash, and enterprise management services with Square Payroll and Square Orders. In other words, over the past five-plus years, Square has innovated relentlessly to expand its reach in the secular growth cash-less payments world.This combination of secular growth market backdrop and relentless innovation is a winning combination. Ultimately, it will propel meaningful long-term revenue and profit growth, which should in turn power SQ stock higher in the long run. Okta (OKTA)Source: Shutterstock Hyper-growth cloud security company Okta (NASDAQ:OKTA) is a solid long-term investment for two big reasons. First, cybersecurity is an increasingly important field that will grow by leaps and bounds over the next several years. Second, Okta has developed a unique solution in the cybersecurity world, which paves the path for Okta to gain meaningful share in this secular growth market.On the first point, cybersecurity is everything these days, and it'll only become more important over the next few years. Enterprises are pivoting everything to the cloud -- their workflows, their documents, their data, so on and so forth. They are doing so because the cloud enables more seamless, efficient work. But, it also opens up all that important stuff to a plethora of cyber risks. As such, enterprises are investing big to protect themselves from all those cyber risks, and will continue to do so in greater frequency as more information and workloads pivot to the cloud.On the second point, Okta has developed a unique security solution -- centered on identity -- which allows individuals within an enterprise to seamlessly and securely adopt any new software system (because an individual's identity does not change from system to system). This novel solution means that one security solution can be used without friction across an enterprise's entire ecosystem. That's a huge plus. Consequently, Okta has been winning share in the cloud security market (50%-plus revenue growth rates for the past several quarters) and projects to continue to keep winning share for the foreseeable future as identity-based solutions gain traction. * 10 Medical Marijuana Stocks to Cure Your Portfolio In sum, then, Okta projects as a big revenue and profit grower over the next several years. All that growth will inevitably power a bright future for OKTA stock. Tesla (TSLA)Source: Tesla It hasn't been all rainbows and sunshine for electric vehicle maker Tesla (NASDAQ:TSLA). Instead, it has been a very bumpy ride, with the stock ultimately going nowhere over the past several years.But, long-term investors would be wise to zoom out and see the forest through the trees. In the big picture, electrification is the future of transportation. Consumers globally are starting to recognize the value and importance of replacing gas-powered cars with EVs, and because it has become cool to be eco-friendly, they are also increasingly adopting EVs. At the same, legislation globally is pushing for broader EV adoption. The result? EV adoption rates will go from a few percentage points of the global auto market today, to 20%-plus over the next decade.That implies huge growth for the EV industry over the next decade. At the heart of all this growth is Tesla. Tesla owns 60% of the U.S. EV market, and that share has steadily grown over the past several years. Globally, Tesla owns over 10% of the market, and that share is also up over the past several years. With new models coming soon, it's reasonable to assume that Tesla will remain a relevant player in this market for several years to come.Thus, in the big picture, Tesla in a decade projects as a very important player in a huge EV market. That positioning will ultimately result in TSLA stock ending next decade significantly higher than where it trades hands today. Twilio (TWLO)Source: Web Summit Via FlickrThe long-term bull thesis on Twilio (NASDAQ:TWLO) is very simple. Communication is becoming an increasingly important part of the consumer experience, and Twilio enables that communication.In a nutshell, we are pivoting toward an experience economy. For consumer-facing brands, this translates as: no longer is it all about the product or service you sell, but it's also about the consumer experience that comes with buying that product or service. Thus, consumer-facing brands are increasingly looking to enhance their consumer experience. One way to do so is by integrating communication, i.e., the ability to communicate directly with consumers to improve their experience.Twilio provides the technological backbone which powers this brand-to-consumer communication. Over the next several years, this brand-to-consumer communication will become the norm in consumer experiences everywhere. That means Twilio will become part of the budget at every consumer-facing brand, which translates into huge revenue and profit growth potential over the next several years. * 10 Real Estate Investments to Ride Out the Current Storm As profits march higher over the next several years, so will TWLO stock. Canopy Growth (CGC)Source: Canopy Growth One of the biggest growth industries in the 2020's will be the cannabis market, and the company that projects to be at the head of all the growth is Canopy Growth (NYSE:CGC). That's why you buy CGC stock for the next decade.Current ground-level consumption trends -- many surveys and data-points suggest that recreational cannabis usage is nearly as common as alcoholic beverage usage -- and global legislative trends -- legislation everywhere is progressing towards full legalization of cannabis -- together imply that the legal cannabis market could be huge one day, and that all that growth will materialize relatively soon. Realistically speaking, the bulk of the legal cannabis market growth narrative will materialize between 2020 and 2030.The biggest company in this space right now is Canopy Growth. They have the biggest reach, the most production capacity, and the highest sales volume. They also have the widest global distribution network, the biggest balance sheet, and have been making the most aggressive expansion-oriented moves in the space. Thus, Canopy is really unrivaled in the cannabis world right now, and as such, projects to be a big grower in the 2020's as the cannabis market goes global.The result? Canopy's revenues will soar over the next decade. That huge revenue growth will drive dramatic margin improvements, and will one day result in huge profits at scale. Those huge profits will translate into a CGC stock price in a decade that should be meaningfully higher than today's stock price. Alibaba (BABA)Source: Shutterstock The China growth narrative has hit a major road-bump over the past two years as China's consumer economy has dramatically slowed. But, this growth narrative is far from over, and the long-term fundamentals here imply that China's most important consumer stock -- Alibaba (NYSE:BABA) -- will soar in the long run.China's once red-hot consumer economy has cooled recently, weighed by a combination of consumer fatigue and trade war inspired uncertainty. But, the fundamentals imply that this recent weakness is just a temporary slowdown in what still projects as a long-term growth market. Specifically, China's internet penetration rates, per capita income levels and per capita consumption rates remain well-below developed nation averages. Thus, China still has a long way to go before its economy is as urbanized and digitized as the economies of Europe and North America.China will get there one day. As such, China's consumer economy will continue to expand at an impressive pace over the next decade. As it does, China's big consumer-facing companies will continue to grow with equally impressive pace. The biggest of those consumer-facing companies is Alibaba. Consequently, Alibaba projects to remain a big grower for the next several years. * 7 Transportation ETFs That Are Ready to Rally Right now, sustained big growth is not priced into BABA stock. Thus, as sustained big growth materializes over the next several years, BABA stock will soar higher. Chegg (CHGG)Source: Shutterstock When it comes to Chegg (NASDAQ:CHGG), the long-term bull thesis is all about the digitization of the world's massive education market.The story here is simple. Today's high school and college students spend all their free time in the digital channel, with their heads buried in their phones sending Snaps, posting Instagram stories and watching YouTube videos. But, when they go into the classroom, very few things are digital -- teachers still write on white boards and students still take notes on paper.In other words, the digital transformation, which has changed the landscape of the consumer economy, has yet to hit the education market. This has created a huge disconnect between how students interact with their education materials, and how they interact with everything else.Chegg is trying to eliminate this disconnect by creating the world's first connected learning platform that takes the digital revolution, and applies it to the education market. This includes online textbooks, online solutions, on-demand e-tutors, on-demand writing help, online calculators, online test help, so on and so forth. Students love the Chegg ecosystem, mostly because it matches their everyday consumption habits.Over the next several years, Chegg will become the norm for high school and college students everywhere. There are 36 million high school and college students in America alone. Chegg only has 3 million subscribers. Thus, in the long run, Chegg will grow by a tremendous amount, which should lead to equally tremendous growth in CHGG's stock price. Beyond Meat (BYND)Source: Shutterstock You want to buy and hold Beyond Meat (NASDAQ:BYND) meat stock for the long haul because this company is in the top of the first inning of a huge plant-based meat growth narrative that will ultimately result in BYND stock heading meaningfully higher over the next decade.The bull thesis breaks into three parts. First, plant-based meats will one day turn into a sizable chunk of the huge global meats pie. Second, Beyond Meat will remain an important player in that soon-to-be huge global plant-based meats market. Third, realistic assumptions imply that BYND stock could be a multi-bagger.As I've discussed on InvestorPlace before, the numbers are simple:"The global meats market measures in around $1.4 trillion today. It will gradually grow to about $1.5 trillion by 2030. Global plant-based meats measure in around $12.1 billion today, or just under a percent of total meats sales. Plant-based dairy accounts for 14% of total dairy sales. That number is only growing, and current consumption trends indicate that plant-based meat can actually exceed that level of penetration at scale. By 2030, plant-based meats could account for 20% of the $1.5 trillion global meats market, or for about $300 billion in total sales."Let's say Beyond Meat turns into a 5% player in that market at scale. That implies $15 billion in revenue. Management has said gross margins will run toward 35%. Given the opex rates at other big meats players, Beyond Meat could realistically push its opex rate down to 20%. Thus, operating margins of 15% on $15 billion in revenue seems doable at scale. Doing the math on that and accounting for taxes, that combination should produce around $1.8 billion in net profits. Based on a market-average 16-forward multiple, that equates to a $30 billion market cap at scale. * 7 AI Stocks to Watch With Strong Long-Term Narratives BYND stock has an ~$10 billion market cap today. Thus, in the long run, this stock could triple. Axon (AAXN)Source: Shutterstock The long-term bull thesis on Axon (NASDAQ:AAXN) circles around this idea that, within the next several years, technology will increasingly transform the law enforcement industry in a big way, and that Axon will be the company at the heart of this technological transformation.Much like the education market, the law enforcement industry has been somewhat slow to pivot to the digitization trend. Axon is changing this. Through its portfolio of next-gen solutions, Axon is attempting to digitize the entire law enforcement industry, from head to toe. These solutions include smart weapons, body cameras, dash cameras, cloud archiving solutions, so on and so forth.Law enforcement agencies are increasingly adopting these solutions, partly because they have to keep up with the times and partly because they want to because they increase operational transparency and efficiency. Importantly, they are adopting Axon's solutions, simply because there is no other viable competitor in the market.Thus, as the law enforcement world continues to digitize over the next several years, Axon's revenues and profits will remain on a healthy long-term uptrend. That will keep AAXN stock on an equally healthy long-term uptrend.As of this writing, Luke Lango was long FB, SHOP, LK, TTD, ROKU, SQ, OKTA, TSLA, TWLO, CGC, BABA, CHGG, BYND and AAXN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post 15 Growth Stocks to Buy for the Long Haul appeared first on InvestorPlace.
Independent advertising technology platform, PubMatic, shared insights from their implementation of The Trade Desk’s unified ID solution since integrating the ID onto its sell-side platform in December 2018. Following their adoption of the unified ID solution, PubMatic’s total match rate of cookie-able impressions reached 99.8%, a new benchmark for the industry. Further, from an efficiency perspective, PubMatic has also been able to reduce cookie-storage and pixel synching calls by 80 to 90%.
CFO of The Trade Desk Inc (30-Year Financial, Insider Trades) Paul Ross (insider trades) sold 2,682 shares of TTD on 08/09/2019 at an average price of $279.3 a share. Continue reading...
Conflicting trade reports made for a back-and-forth session in the stock market. Ultimately, equities were slightly lower heading into the weekend, but given where we came from on Monday, it wasn't a bad showing from the bulls this week. Here are some top stock trades to consider for next week. Top Stock Trades for Tomorrow No. 1: J.C. PenneyWith shares of J.C. Penney (NYSE:JCP) trading under $1, it's now on notice from the NYSE. Will shares be delisted? It's a lengthy process, but it could happen now that the stock is deep in the doldrums.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Shares are now resting on the lows near 60 cents. While the downside is obviously limited -- to $0 -- there are many far-less-speculative names for investors to trade. A rebound to 80 cents is possible, but so is a decline to new lows.My plan with JCP stock? Don't gamble on it. Top Stock Trades for Tomorrow No. 2: The Trade Desk (TTD)Shares of The Trade Desk (NASDAQ:TTD) were up several percent at one point on Friday, but are now just above flat for the session. I was lucky enough to snag some at $250 in after-hours trading, even though technically speaking, it was breaking key support at that point.But after-hours trading can be extra volatile, throwing technicals to the sidelines amid the chaos. I happen to really like the TTD story, so it was less about the technicals and more about the fundamentals.Amid regular trading hours, though, TTD remains above the $255 breakout and continues its trend higher. Shares bounced right off of uptrend resistance on Friday, as it hit new highs. For TTD to remain healthy, it needs to hold uptrend support and its 50-day moving average.$300 isn't out of the question if bulls grab control over the overall market. Top Stock Trades for Tomorrow No. 3: Dropbox (DBX)Dropbox (NASDAQ:DBX) stock is plunging 14% on the day to new lows after reporting earnings. The setup is not pretty.Aggressive bulls can try a long position against the $18.50 low and look for a possible rebound up to $21. I would be surprised if bears didn't sell into that area should it rebound that far. Below $18.50 and more lows are possible.I don't like to trade the first day of a big plunge. Instead, I'd rather see it hold as support before getting long. Breaking the $18.50 low and reclaiming it in the same session would be encouraging. Top Stock Trades for Tomorrow No. 4: Yelp (Yelp)Yelp (NASDAQ:YELP) is jumping on better-than-expected earnings on Friday, climbing more than 8%. Shares initially climbed above the 61.8% retracement at $38.18, but failed to hold that mark throughout the session.Over $36.22 is good though, as it keeps Yelp over short-term resistance and its major moving averages. On a pullback, investors can buy Yelp should support hold strong.On a move over the 61.8%, look for a push over Friday's highs. If Yelp can get above it, $41 is the next upside target. Top Stock Trades for Tomorrow No. 5: PVH Corp (PVH)PVH Corp (NYSE:PVH) is hitting new 52-week lows as well, down more than 4% Friday.Now below $85, the $65 to $70 zone is certainly possible. See if this area holds up as support should PVH stock fall that far. On a rebound, see if $85 acts as resistance or if PVH can reclaim it.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long TTD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post 5 Top Stock Trades for Monday: JCP, DBX, TTD, YELP appeared first on InvestorPlace.
Shares of The Trade Desk Inc. are down 2.8% in premarket trading Friday, though the ad-technology company delivered a better-than-expected earnings report and outlook the prior afternoon. "We believe investors were largely anticipating upside," wrote Raymond James analyst Aaron Kessler, who downgraded the stock to market perform from outperform on Friday. "While we remain positive on TTD fundamentals (leadership in large and growing programmatic market, strong technology, scalable software like margins), we believe risk/reward is more balanced following the ~136% gain in shares year-to-date." The S&P 500 has risen 17% in that time.
Shares of US-based online advertising company The Trade Desk (TTD) are down 4.0% in after-hours trading today after the company's earnings results.