|Bid||102.68 x 800|
|Ask||102.69 x 900|
|Day's Range||102.08 - 102.89|
|52 Week Range||81.81 - 106.21|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||35.93|
|Earnings Date||Aug 15, 2019|
|Forward Dividend & Yield||2.12 (2.06%)|
|1y Target Est||108.47|
One analyst may be too optimistic on the prospects for Amazon's stock. Here's why.
The Dow Jones and other stock indexes held modest gains Friday afternoon after Thursday's sell-off. Boeing stock outperformed in the Dow.
Best Buy is expanding the services it offers, going beyond the consumer electronics at the core of its business.
Walmart is a retail titan, but earnings have struggled to grow amid fierce competition. Is Walmart stock a buy in 2019?
Best Buy (NYSE:BBY) reported earnings yesterday and after a brief pop, BBY stock fell and closed down 4.8% on the day. With that in mind, I want to discuss the support zone below and identify the potential trades from here.Source: Austin Kirk via FlickrFirst, let's set the investing environment: So far, 2019 has been good to the indices which was a positive change from how 2018 ended with a crash into Christmas. However, this week it's starting to feel like December again. But this time it's different.So let's start with the macroeconomic picture. Companies are still delivering strong report cards but they are guiding cautiously because of geopolitics. So investors are hesitant to celebrate the actual results for fears of coming weakness.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is the fault of the economic war that the U.S. and China are having and what makes it worse is that they are negotiating it in the public medium instead of how grown adults should do in a formal sit-down of leaders. Until the two presidents meet face to face, the stock markets will be a slave to the unpredictable headlines like we are having this week. * 10 Names That Are Screaming Stocks to Buy But as I stated above, this is not the same situation from December because this time the U.S. Federal Reserve is on the stock market side. Last year, they were part of the problem but since then they've flipped 180 degrees to the point that they are more likely to cut rates than raise them. So if the economy falters the Fed net is ready for us. How to Approach BBY StockBest Buy stock came into the earnings up almost 30% year-to-date, so it can afford to lose a bit without changing the overall trend. Investors punished it hard but therein lies the pleasant surprise. After seeing management's grim tariff warnings, I'd expect it to be down much more.So this less dramatic reaction is the good news. But you shouldn't necessarily catch this falling knife without some safety, or it could end up costing some digits.Fundamentally, Best Buy stock is cheap from an absolute basis as it sells at a price-to-earnings ratio of 12X.As for the business model, I am not a fan. I am a former engineer so I am a like tech. And I can't even remember when was the last time I went to a BBY store. However, consensus on Wall Street is that consumers need to touch the tech before they buy it.I see this as a minor selling point to it. So, for now, I bet they are still doing as well as they are because they are the only gig in town. I can find all I need at Amazon (NASDAQ:AMZN), Ebay (NASDAQ:EBAY) and Costco (NASDAQ:COST) or Walmart (NYSE:WMT).Nevertheless, BBY management reported a decent quarter as they met or beat most metrics, including comparable sales, especially in the U.S. The problem came from the tone that management had for ongoing risks. The outgoing CEO Hubert Joly painted as dire a picture as can be with regards to the risks of the tariff war. He spoke of increased costs and their impact on shoppers.This alone should have had a worse effect on BBY stock than it did … especially given that this happened on a very bad market day and while overall sentiment was negative. So the dip on Thursday came with as much force as it could have. This usually constitutes a legitimate test of support.This is similar to what happened last Christmas when stocks collapsed on similar circumstances. So once this tizzy passes, BBY stock should have a great opportunity for a bounce. It is also important to note that finding perfect bottoms is rare, so I don't suggest taking a full position all at once.It's best to start with one tranche and leave room to add at lower prices if the selling persists. Even then, you should also place stop loss levels that fit my personal preferences and tastes.If you already own the shares, then this is not the time to panic out of them for as long as the reason you took the position is still viable. This depends entirely on personal preferences and time frames. * 7 Marijuana Stocks to Play the CBD Trend Technically, there are a few key lines to know. First, there still is an open gap to $61.50, so the selling could continue, especially if the overall market sentiment doesn't improve. We are going into a long weekend and traders might want to flatten out for headline fears.But this whole zone has been pivotal for months so it's likely to be sticky. So I'd watch for a break below Thursday's low at $64.4 and anticipate another wave lower if that happens.Conversely, I shouldn't expect an immediate reversal and rally. First, I need to see a bottom. Then a trend of higher lows to challenge the descending trend of lower highs. The buyers will probably not come in until they see a breach of these descending trend lines. So patience is important to avoid being too early. There will be resistance at $70 and around $75.5 once they get there.Simply stated, the earnings selloff is testing Best Buy stock's support. If it holds, then there is the opportunity to trade it from the long side like December.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post The Dip in Best Buy Stock Is Not An Endless Abyss appeared first on InvestorPlace.
Walmart Inc. will participate in Bernstein’s 35th Annual Strategic Decisions Conference on Thursday, May 30. A discussion with Brett Biggs, Walmart executive vice president and chief financial officer, will be webcast live through the “Events” link at www.stock.walmart.com.
Key Takeaways from Target’s Q1 Results(Continued from Prior Part)Earnings surpass estimateTarget (TGT) posted stronger-than-expected bottom-line results for the first quarter of fiscal 2019. Target’s adjusted EPS of $1.53 came in well ahead of
The United States increased tariffs on $200 billion in Chinese imports to 25% from 10% last week. U.S. President Donald Trump has also threatened an additional round of tariffs on $300 billion that would cover nearly everything imported from China to the United States. BEST BUY CO INC: "The impact of tariffs at 25% (proposed to be enacted) will result in price increases and will be felt by U.S. consumers," CEO Hubert Joly said.
Plug Power (NASDAQ:PLUG) has moved higher in recent months despite an earnings miss and continued losses. The Latham, New York-based maker of hydrogen fuel cells has struggled for years as its technology fights to gain mainstream acceptance. Although recent progress could justify a speculative position in Plug Power stock, the company may find itself eclipsed by a principal peer.Typically, an equity such as PLUG would not gain investor attention. However, its prospects improved in April 2017 when Amazon (NASDAQ:AMZN) agreed to buy $600 million worth of Plug Power's hydrogen fuel cells to power its forklifts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnfortunately, since the announcement of that deal more than two years ago, Plug Power has seen little net growth. This is despite attracting business from Walmart (NYSE:WMT), GE (NYSE:GE), and other prominent customers. Moreover, the earnings miss for the first quarter intensified the selloff. * 6 Stocks to Buy for This Decade's Massive Megatrend Plug Power Stock and TechnologyPLUG stock has increased in value for most of the year as analysts forecasted a possible profit next year for its peer, Bloom Energy (NYSE:BE). Also, even though PLUG fell after earnings, it recovered the post-earnings loss quickly. Now, investors wonder if that move higher can continue.Still, Plug Power remains mired in losses. Also, most of its direct peers find themselves in the same market position. Both FuelCell Energy (NASDAQ:FCEL) and Ballard Power Systems (NASDAQ:BLDP) also remain money-losing penny stocks.Traders would likely forgive the losses if the market would more widely embrace fuel cells. However, consumers have instead bought the electric cars made by Tesla (NASDAQ:TSLA) and others.Tesla enjoys a marketing, production, and name recognition advantage. It also benefits from a considerable lead in both refueling stations and cars on the road.However, refueling has become the area where Plug Power and other fuel cell companies could compete with Tesla. Refueling with fuel cells occurs in fewer than 10 minutes. Tesla cars require more than an hour under the best of conditions. That would presumably play into the hands of Plug Power stock.Moreover, Tesla does not offer much of an advantage regarding production costs. In Japan, the Mirai made by Toyota (NYSE:TM) costs $50,000 after the Japanese government's $20,000 subsidy. This comes in lower than a Tesla Model S. Still, Toyota currently builds only about 10 Mirai cars per day, calling into question how serious Toyota is about fuel cell technology. Choose BE over PLUG StockStill, this might give Plug Power stock the fuel it needs to finally make gains. It may also justify a speculative bet for those who can wait for months or even years. However, there, Plug Power faces competition from Bloom Energy.BE stock shows a lower price-to-sales (PS), around 1.7 versus about 3.7 for PLUG. Also, Bloom Energy's has a better, albeit still negative profit margin. Margins for Bloom come in at -39.9% compared with -55.3% for PLUG power.Moreover, despite a much shorter history, Bloom Energy has attained a market cap nearly twice as large as Plug Power. Finally, at just under $12 per share, BE trades well above penny stock status. For these reasons, Bloom Energy might better serve speculative investors. Final Thoughts on PLUG stockAlthough one might make a speculative case for owning Plug Power, it appears one key peer might eclipse the company. Plug Power has struggled for decades as hydrogen fuel cells have failed to gain broad market acceptance. Though deals with Amazon, Walmart, and GE brought some hope, PLUG remains a penny stock.The fact that fuel cell-powered cars offer a crucial advantage over Tesla might justify speculation in fuel cell stocks. However, when comparing the financial state of the more prominent fuel cell companies, investors should probably choose Bloom Energy over Plug Power.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post There Is No Point Speculating in Plug Power Stock appeared first on InvestorPlace.
Conventional wisdom holds that the best place to start a business is a big global city. Locations such as London, New York and Berlin top the lists of start-up hubs, boasting a combination of talent, access to funding and infrastructure to act as hothouses for companies. The Issa brothers, owners of EG Group, have never considered leaving their home town of Blackburn in Northern England (population 150,000).
Washington last week effectively banned U.S. firms from doing business with Huawei, the world's largest telecoms network gear maker, citing national security concerns. "You look at what they've done from a security standpoint, from a military standpoint, it's very dangerous," Trump said in remarks at the White House. Trump predicted a swift end to the trade war with China, although no high-level talks have been scheduled between the two countries since the last round of negotiations ended in Washington two weeks ago.
Key Takeaways from Target’s Q1 Results(Continued from Prior Part)Traffic continues to boost salesTarget (TGT) posted better-than-expected sales for the first quarter of fiscal 2019. Improved sales across core merchandise categories and higher
It's a question that has nagged at investors for as long as both asset categories have existed … are stocks the way to go, or bonds? If both, how much of either belong in a portfolio?The answer to the "stocks vs bonds" debate is, of course, one that depends on a myriad of factors unique to each and every investors. On a pound-for-pound, dollar-for-dollar basis though, stocks are the superior option for most investors, most of the time. They're not as safe or stable as bonds when you're talking about one specific equity. For a smart, long-term investor who knows how to build a diversified portfolio though, stocks just make more sense. Bulletproof? No, they're not. They can certainly take their lumps and keep on tickin' though.With that as the backdrop, here are five specific reasons stocks win the battle of stocks vs bonds. In no particular order…InvestorPlace - Stock Market News, Stock Advice & Trading Tips Income GrowthYes, bonds offer hyper-reliable income flow. While bond issuers can and sometimes do default on their payouts, that's a rarity. Meanwhile, it's not terribly uncommon for a company to reduce or altogether cancel their dividend, even if on a temporary basis. * 10 Names That Are Screaming Stocks to Buy There's a flipside to that risk/reward coin though. With a bond, the semi-annual payment is fixed for the duration of that debt. With a dividend-paying stock, the payout usually grows in time. Walmart (NYSE:WMT), for instance, has upped its dividend for 45 straight years now, while NextEra Energy (NYSE:NEE) has done the same for 24 consecutive years. Different CycleFor veteran investors who've owned both stocks and bonds through at least a couple of different economic cycles, they'll know that bonds often do well in some environments that bode poorly for stocks, while bonds tend to do poorly while stocks are thriving. Namely, rising rates -- as we've seen of late -- have pressured the bond market lower, but the corresponding inflation has coincided with solid growth from equities, since economic growth itself is generally what fuels inflation.It might take a bit of timing intuition to make good on the nuance, but savvy investors know that sooner or later, every asset will face a headwind and enjoy a tailwind, but will do so at different times. Stocks Usually Beat InflationIt has been a mostly ignored secret of late, but not only have bonds lost value of late as interest rates have risen, most interest payments from bonds haven't kept up with inflation.This year's average annualized inflation rate stands at 2.8%, though effectively speaking, the cost of goods seems to have grown a bit more than that. Meanwhile, the average yield on 30-year Treasuries is barely a bit higher, at 2.97%… and that's a long commitment. Less-committal 5-year paper is only paying 2.75%, which means in the end, holders of that debt are only breaking even relative to inflation.Yes, inflation-protected instruments like the iShares Barclays TIPS Bond Fund (NYSEARCA:TIP) can help fight the adverse impact of inflation on debt-based interest payments. Its upward adjustment is always backwards-looking though, and never quite seems to keep up with the full pace of price increases. More Price TransparencyTo be fair, technology has come a long way, bringing bond trading via the web on par with the amount of information that stock traders have enjoyed for years now. Yet, in that the bond market just isn't as brisk or as big as the equity market is, bond prices (or bond liquidity, for that matter) aren't always perfectly clear.It's still a far cry from days gone by, when it took a phone call and several minutes, as a brokerage firm had to literally contact someone at a trading desk to make a purchase or sale. Nevertheless, the bond market remains a bit slow, and frustrating, to navigate. Better Long-Term Bottom LineLast but not least -- and perhaps a culmination of all four of the other advantages of stocks compared to bonds -- they just to better in the long run.Ask ten different experts what the average annual performance for stocks is, and you'll likely get ten different answers. Almost all of the answers, though, will be somewhere between 8% and 11%. Not so with bonds. Their average annual return is more like 5% to 6%.Granted, it takes time and patience to secure those kinds of results … time not all investors are readily willing and able to give. For the truly long-term-minded investor, though, that can ride out the rough patches, stocks simply do better. The Last Word on Stocks vs. BondsNone of this is to suggest all investors should always and only own stocks. It's also not to say bonds are to be avoided at all costs. A balanced approach has been and continues to be the smart-money move in all cases.Do keep in mind, however, for some investors there's a tendency to seek out a little too much certainty and current reliability. Considering how long people are living now after they retire from their job -- 30 years in some cases -- the bigger risk these days is outliving your money due to not thinking enough about long-term growth that only stocks can offer.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 5 Reasons to Invest In Stocks Versus Debt appeared first on InvestorPlace.
Transplace has hired a former Walmart Inc (NYSE: WMT ) executive who helped oversee transportation and supply chain operations. Tracy Rosser will serve as executive vice president for operations at the ...
Let's see if investors should buy Lululemon stock heading into its first-quarter fiscal 2019 earnings results?
strong quarter and apparent growth trajectory was enough to prompt Stifel to lift its price target on the retailer. Target's first-quarter earnings and revenue rose from the same period a year earlier and beat analysts' estimates. "We view the result favorably, reflecting Target-specific share gains driven by efforts to drive traffic through brand launches, category refreshes, investments to improve customer convenience, and a focus on lower everyday prices on staples," said Stifel analyst Mark Astrachan, who lifted his price target to $85 from $80.