|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||31.21 - 31.93|
|52 Week Range||26.19 - 47.79|
|Beta (3Y Monthly)||-0.29|
|PE Ratio (TTM)||20.11|
|Earnings Date||Apr 23, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.73|
Twitter today is opening up applications for its new testing program, firstannounced at CES in January
During CES last month, we had an early look at Twitter's plans to change how it displays replies as part of its drive to improve conversations and make them easier to follow. As of today, you can apply to join Twitter's "conversations prototype testing program" to see what the proposed changes look like in practice.
Tesla (NASDAQ:TSLA) continues to make the news for many of the wrong reasons. The provocative tweets from CEO Elon Musk continue. Also, seeing the general counsel leave the company after a short stint will not exactly endear buyers to Tesla stock.However, in a surprise, these incidents drew little reaction from TSLA stock investors. This non-response marks a turning point in Tesla. Now, investors will evaluate TSLA more on its results, not words or personnel moves. Fortunately for the bulls, these posted results point to likely growth for Tesla stock. Tesla Still Exhibits Signs of ChaosTesla has seen a chaotic Presidents Day week. Word came down that Dane Butswinkas, the man who served as the firm's general counsel, announced his departure after just two months on the job.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: Shutterstock Also, Mr. Musk tweeted that the company would build "around 500,000" vehicles in 2019. He then clarified that they could make 500,000 per year at about 10,000 cars per week. However, production estimates remain at 400,000.Such posts on Twitter (NYSE:TWTR) call into question the effectiveness of the settlement reached with the SEC. Part of that agreement involved reigning in Mr. Musk's tweets. Issuing and reversing guidance in a random social media post would probably qualify as a violation. * 8 Cheap Stocks That Cost Less Than $10 Tesla Stock Has Stopped Reacting to the TurmoilHowever, I think investors should also take notice of the reaction, or rather, the non-reaction of Tesla stock. In most equities, such news would inspire panic selling. However, in Tesla, it now creates barely a ripple as the stock has seen only a little movement.I said in an article months ago that Tesla trades on a "vision premium." I define this as the elevated multiple investors will pay for a new company offering a product or service that will bring fundamental change. Seeing this news, we become reminded that with vision sometimes comes eccentric behavior. The company's namesake, Nikola Tesla, was also a creative genius who sometimes exhibited quirky behavior. More recently, the same went for Steve Jobs at Apple (NASDAQ:AAPL). In the case of Tesla stock, we can assume that investors know that Mr. Musk exhibits some of these traits and have come to accept it. Now, One Can Judge Tesla By Its ResultsReaching this point means a lot to investors. For some bulls, it dashes the hopes that an errant tweet will bring a buying opportunity in TSLA stock. However, it also means that we can evaluate Tesla stock based on financial metrics and the popularity of Tesla's cars and solar products. There, I like what I see.Turning a profit has dramatically improved the outlook on Tesla stock. I did not like the idea of paying over $300 per share two years ago when analysts did not see a profit in the foreseeable future. However, predicted earnings of $5.49 per share for the year make a $300 per share price more palatable. * The 10 Best Cheap Stocks to Buy Right Now Profit growth offers further help. Analysts project 512.8% growth for this year. Although that growth rate will not hold, they still predict a 67.4% profit increase in 2020. They also forecast an average growth rate of 35% per year over the next five years. Prospective buyers can purchase this growth at a forward price-to-earnings (P/E) ratio of 32.9. For a company that can change the way we power our future, I see this as a huge bargain. The Bottom Line on Tesla StockNow that Tesla stock has become more results-driven, investors should look at the massive growth rate coupled with a relatively low P/E ratio and buy. In many respects, little has changed inside Tesla. The company continues to see turmoil within top management. Also, the company's eccentric CEO continues to exhibit unnerving behavior on social media.Yet, amid the chaos, Mr. Musk's creative genius and drive to succeed has turned Tesla stock into something I never expected -- a bargain. For a forward P/E at just under 33, investors will enjoy triple-digit growth this year, and massive double-digit earnings increases for years to come. On top of that, they will own a piece of the company that will probably change the way we power our world. Thanks to this change in attitude, Tesla stock now brings the benefits of visionary growth without the consequences of the odd behavior that sometimes accompanies that genius.As of this writing, Will Healy did not hold a position in any of the aforementioned securities. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post Why Tesla Stock Investors Have Finally Accepted the Company's Quirks appeared first on InvestorPlace.
There are laws governing decisions by agencies like the Department of Transportation. If the Transportation Department actually pulls the funding, as it has said it plans to do, California will challenge the decision in court. At issue in the latest Trump administration shenanigans is a high-cost, high-speed-rail project that is supposed to connect San Francisco to Los Angeles.
In addition, the U.S. Transportation Department said in a statement Tuesday that it was exploring legal options to recoup $2.5 billion in federal funds already granted to the project by the Federal Railroad Administration. Governor Gavin Newsom, who took office in January, said last week that the rail as planned “would cost too much and take too long,” and he would instead finish roughly 170 miles of track already under construction in the state’s Central Valley. Talks between California and federal officials on vehicle emissions and fuel economy standards have broken down without a deal, three people familiar with the matter said Tuesday.
Tech Trends: The NASDAQ, Google-Facebook Duopoly, and More(Continued from Prior Part)Twitter’s financial reports look solid despite a shrinking user baseWhile Twitter’s (TWTR) user base is dwindling, its revenue growth remains robust, and the
Snap (NYSE:SNAP) stock has been one of the biggest high-profile tech initial public offering (IPO) disasters in recent memory. After a highly anticipated 2017 market debut at an IPO price of $17, SNAP stock promptly took a swan dive as growth numbers eased and an app redesign prompted outrage among users.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsSNAP stock hit an all-time low in December at $4.82, but since has rebounded to above $9. A big portion of that move came after SNAP reported better-than-expected earnings earlier this month. But while SNAP may finally be getting its business back on track, traders should consider taking profits on the red-hot stock while the getting is good. * 10 Smart Money Stocks to Buy Now Snap Is Still LosingSNAP is up 30% in February alone. That kind of bullish move is what traders could expect from a stock that is generating massive profits and dominating its industry. The reality for Snap is much different.Snap's Q4 earnings report could most accurately be described as "better than feared." Snap shares ripped higher because revenue grew 36% and average revenue per user was up 37% to $2.07. Both those numbers were better than expected, but the rest of the picture is still pretty ugly.User growth was essentially flat compared to Q3 and actually down 1 million users from a year ago. Perhaps most importantly, Snap reported yet another quarter in the red, losing an adjusted 13 cents per share.Once upon a time, Snap investors were free to ignore the fact that Facebook (NASDAQ:FB) was beating the socks off of Snapchat in terms of monetizing its user base. Snap investors argued that Snap's growth profile and its popularity among younger users, particularly North American teens, made it a unique opportunity for advertisers.Unfortunately, Facebook has out-Snapchatted Snapchat with its extremely popular Instagram platform.Not only does Instagram Stories have more than 150% more daily active users than Snapchat, eMarketer recently estimated Instagram's average revenue per user at around $4. That rate is double Snapchat's ARPU. The Facebook platform's ARPU as of Q4 was even higher at $7.37. Snap Stock Has Too Much UncertaintyGuggenheim analyst Michael Morris recently said there are at least three major near-term questions keeping him on the Snap sidelines. First, as the numbers mentioned above suggest, it's uncertain whether or not Snapchat will ultimately be able to compete with Instagram."Instagram is an inevitable share taker given its funding and engineering resources," Morris said.Second, Morris said Snap needs a home run with its Android rework. Android devices account for 88% of global mobile minutes. Unfortunately, Snapchat's global Android penetration rate is still in the single digits.Finally, as the ARPU numbers indicate, Snap needs to gain traction with its ad pricing. Domestic advertising revenue has trended higher for Snap in each of the past four quarters. However, that number will have to continue moving in the right direction for a long time before Snap is generating meaningful profits. Snap Stock Is ExpensiveAs a value investor at heart, I never like to see any company generating negative earnings. However, for high-growth stocks like Snap, price-to-sales ratio can be a stand-in for price-to-earnings ratio.Unfortunately, after the recent rally, SNAP stock is trading at about 6.6 times Guggenheim's estimated 2020 revenue. The obvious first comparison is FB stock, which is trading at just 5.7 times 2020 sales estimates.Other digital media stocks, including Netflix (NASDAQ:NFLX) (6.2 times 2020 revenue), Twitter (NYSE:TWTR) (5.9 times 2020 sales), Alphabet (NASDAQ:GOOGL) (4.0 times 2020 sales) and Roku (NASDAQ:ROKU) (4.2 times 2020 sales) are all cheaper than Snap at the moment. The same pattern holds true when looking all the way ahead to 2023. SNAP stock is simply expensive. TakeawaySnap is not profitable. Its user growth has stagnated. Its stock is more expensive than its more successful peers. It's ad business is less efficient than Instagram's, it's losing market share and it has several key operational hurdles to clear in the near-term.Yet despite all these negatives, traders can cash out a 30 percent gain since Feb.1 or a 60 percent gain since Jan. 1. In my opinion, they should do just that as soon as possible.As of this writing, Wayne Duggan held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post Take Your SNAP Stock Profits While They're Still There for the Taking appeared first on InvestorPlace.
For almost all of Mugabe’s nearly four decades in charge, his decisions were unquestioned, and his ruling Zimbabwe African National Union-Patriotic Front’s grip on power rarely wavered. “The glue it had in the past 38 years, that cohesive, forced consensus under Mugabe -- it’s gone,” Tendai Biti, a senior leader of the opposition Movement for Democratic Change, said in an interview in Johannesburg. What’s happening today in Zimbabwe echoes the experiences of other African countries and bears similarities with the chaos currently taking place in Venezuela, six years after the death of Hugo Chavez.
Twitter (TWTR) hits another rough patch with reports emerging that the social media giant is storing deleted messages on its platform.
Equity futures are flat to higher, following most of the worldwide indices in anticipation of the only real market moving catalyst later today. Fed Funds futures continue to price out further and further delays to any potential rate hike, with July and September expectations falling by half in February alone (well after the FOMC decision).
Feb.19 -- Bloomberg's Sarah Frier reports on the increased scrutiny of social media in Europe ahead of the European Union elections. She speaks with Bloomberg's Emily Chang on "Bloomberg Technology."