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Follow this list to discover and track stocks that have been oversold as indicated by the RSI momentum indicator within the last week. A stock is oversold when the RSI is below 30. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
General Mills, Target, Apple, Southwest Airlines and Netflix are the companies to watch.
Goldman Sachs has hired Samuel Thong from Morgan Stanley as the chairman of the healthcare group in the bank's Asia excluding-Japan investment banking division, people with knowledge of the move said. Thong, who will also be designated as co-head of the U.S. bank's healthcare group in Asia excluding-Japan, will start in his new role next month, said the sources, who declined to be named as the information is not public yet.
With Roku (ROKU) stock up more than 200% since the start of the year, is it still smart to buy?The company has been on a tear, with continued strong earnings propelling its stock up. Since this time last year, the number of users on the platform has grown 40%, to 29 million, while revenue per user has increased 27% in the same time. But its stock isn’t up so much solely because of its metrics — last year, shares plunged 62% from its peak, making it ripe for comeback.Yet, analyst Michael Pachter of Wedbush doesn’t see shares increasing much now, as he maintains his Neutral rating on the stock and $105 price target, up from $65. (To watch Pachter's track record, click here)Pachter is encouraged that Roku is so far effectively competing against the behemoths in tech – Amazon, Apple, and Google – with investors believing that it has an opportunity to be a global leader in streaming platforms. The analyst says the company will likely license its platform on TVs with existing international distribution, which will drive international expansion without requiring heavy investment in international distribution.But as the company expands internationally, it must also continue to expand its Roku Channel for the international markets. As a result, Pachter says the company “must spend heavily on R&D to accommodate various international standards and to collect inexpensive local content to enhance The Roku Channel (“TRC”) offerings, along with expanding existing licenses to international.” Essentially, while the US market is vast, it is different than foreign markets and Roku must adjust (and spend) as needed.As Disney and Apple both enter the streaming game later this year, Pachter expects “the expansion of high-quality streaming apps to drive increased cord-cutting and grow the overall pool of active users for the Roku platform.” But as competition increases, users may turn away from TRC and contribute to lower ad revenue. Another possibility is that Roku could “choose to drive TRC viewers by increasing content spend while enhancing TRC features and advertising capabilities, driving expenses higher.” It’s unknown right now which route users/Roku will take, but Pachter nonetheless thinks it “could be years before Roku is able to reach profitability.”All in all, according to TipRanks analytics, Roku stock has 7 bullish analysts in its corner over the last three months, 3 analysts playing it safe on the sidelines, and 2 bears who see the stock falling. Notably, the 12-month average price target (from a pool of Street-wide expectations) showcase 9% downside for the 'Moderate Buy' rated stock. Read more: Roku (ROKU) Stock Is a Winner, but Valuation Is Pretty Full, Says Wedbush More recent articles from Smarter Analyst: * Will Qualcomm (QCOM) Stock Win Again? Canaccord Remains Bullish * Canopy Growth (CGC) Continues to Struggle to Find Its Identity * Apple & Google’s Vision of the Future Contrasted by Developer Resources * Last Minute Thought: Buy or Sell Micron (MU) Stock Before Q3’19 Earnings?
Amazon announced yesterday its “Prime Day” deals would extend for a full 48 hours July 15 and 16, but eBay and Target aren’t just going to sit back and watch the dollars pile up: they’re countering with promotions of their own. CNBC reported that Amazon had failed to secure enough servers to handle the traffic surge, and the glitch prompted Amazon to launch a scaled-down back-up front page, temporarily suspend international traffic, and add servers manually.
Ebay Inc. is taking shots at Amazon.com Inc.'s Prime Day event with its own "Crash Sale" on July 15. "If history repeats itself and Amazon crashes that day, eBay's wave of can't-miss deals on some of the season's top items will excite customers around the world," eBay said in its announcement. Amazon's site had a temporary outage in 2018. This year, Amazon Prime Day will span two days from July 15 through July 16. Ebay will offer discounts over three weeks starting on July 1. On July 15, the official "Crash Day," eBay will have promotions on consumer electronics brands like Apple Inc. , Samsung and KitchenAid, with other deals planned "if Amazon crashes." From July 1 through July 7, there will be deals on items like camping gear and robotic vacuums. And from July 8 through July 22, there will be daily deals on items like appliances and smart home devices. Ebay stock inched up 0.4% in Wednesday premarket trading, and has rallied 39% for the year to date. The S&P 500 index is up 16.4% for 2019 so far.
StockX was launched in 2016 and facilitates buying and selling of sneakers, watches, handbags and streetwear. The real-time pricing platform utilizes a stock market bid and ask system which offers transparent and visible information. All of the products on the platform are physically inspected at one of several StockX facilities.
FactSet's (FDS) third-quarter fiscal 2019 results benefit from higher sales of wealth management, content and technology solutions, and operating efficiency.
StockX, an online market place which specializes in reselling limited-edition sneakers, has raised $110 million from investors to fund its expansion and poached Scott Cutler from eBay as its new chief executive, it said on Wednesday. Founded in Detroit in 2016, StockX has grown rapidly to sell more than $1 billion of products a year on its site and is expanding from sneakers into watches, handbags and streetwear, and opening bricks-and-mortar stores, starting in New York. It said the new funding round, involving investors including DST Global, General Atlantic, GGV Capital, GV and Battery Ventures, valued the company at more than $1 billion.
(Bloomberg) -- Combining two badly performing industries usually doesn’t make them any better. Yet that’s what’s underpinning Europe’s most expensive stock.Spain’s Cellnex Telecom SA has become the highest-valued stock on the regional benchmark by serving as a landlord to the ailing telecom industry. While real estate and telecom are among the worst performers on the Stoxx 600 Index this year, Cellnex has soared after snapping up towers from carriers eager to convert their assets to cash, helping them keep up with network investments.“They are in a very sweet spot,” Neil Campling, an analyst at Mirabaud, said by phone. “The only worry at the moment for me is that the stock has moved an awful long way in a very, very short space of time.”The tower company model is fairly new to Europe, in contrast with the U.S., where American Tower Corp. and Crown Castle International Corp. began buying communication sites in the mid-1990s. Since its initial public offering in 2015, Cellnex has seized the relatively open field with aggressive dealmaking, spending 2.7 billion euros ($3.1 billion) just last month on more than 10,000 towers in Italy, France and Switzerland.The company looks set to continue its acquisition spree -- it announced on Tuesday the issuance of as much as 850 million euros in a nine-year convertible bond to fund purchases. The company has increased the number of network infrastructure sites in its portfolio by six-fold to about 45,000 in the past 4.5 years, including ones it has agreements on building for clients.Cellnex has gained nearly 60% in the first half, taking this year’s estimated price-to-earnings ratio to an eye-watering 131, according to data compiled by Bloomberg. That’s beyond such high-growth companies as the Dutch payments prodigy Adyen NA, or computer-games maker CD Projekt SA, which is about to publish its most-hyped title ever. Cellnex declined to comment on the valuation.While Cellnex’s expected revenue growth is much slower than the other names at the top, the surveyed 12 analysts estimate its earnings per share to nearly double from 2019 to 2021. Tower stocks have showed up on investors’ radar thanks to their stable cash flows and good visibility: smaller Italian peer Inwit SpA has also had a good year with a 43% gain so far. Tower contracts are usually signed for a decade or two.“There is a premium being paid for corporates that offer visibility,’’ Guy Peddy, an analyst at Macquarie, said by phone. “Cellnex is the only clear, European, free-from-ownership-issues, tower-focused operator.”Cellnex’s biggest shareholder is Italy’s Benetton family, which owns about 30% of the stock via its investment company Edizione. The family is said to be backing former Telecom Italia SpA head Franco Bernabe to replace Marco Patuano as chairman, Bloomberg reported Monday, citing people familiar with the matter.During the stellar run of the second quarter, Cellnex shares have mostly traded above the average price target, leaving analysts to play catch-up. The gap became the widest ever this week at 3 euros and currently implies a 4.8% downside to the stock, according to 27 estimates in a Bloomberg survey.In Europe, the share of telecommunications infrastructure held by independent tower companies is low compared with other regions, according to an April report by accounting and consultancy firm EY and the European Wireless Infrastructure Association (EWIA). The share of independent tower firms was a mere 17% in 2017, compared with 67% in North America and 42% in the Caribbean and Latin America. Operators could free up 28 billion euros if that share grew to 50%, the report estimates.Race to BuyOne risk to Cellnex’s tower campaign across Europe is competition for assets. The region’s emerging tower business is “not a one-horse race,” analysts at Kempen warned in a note last month, saying that Cellnex losing out on deals could lead to investor disappointment. In 2016, American Towers teamed up with Dutch pension fund PGGM Fondsenbeheer BV, beating Cellnex to win Antin Infrastructure Partners’ French phone towers.While American Towers has been more focused on emerging markets since, there’s a possibility that a private equity firm such as KKR & Co. Inc. would join the party, Giles Thorne, an analyst at Jefferies said in a note on Tuesday, keeping his buy rating and raising his price target by more than 50%.“The one candidate that has the assets and scope on paper to replicate Cellnex’s march across Europe is KKR,” Thorne said. “Its actions suggest it doesn’t see the regional synergy case for cross-border M&A. This may yet change.”Additionally, some telecom carriers see network quality as an important competitive advantage and are reluctant to relinquish control of their top sites. Tim Hoettges, chief executive officer of Deutsche Telekom AG -- which is not a client of Cellnex -- has spoken of “golden sites” as a category of differentiating network infrastructure locations the company wouldn’t be willing to share.Yet overall, tower companies are well placed to benefit from industry-specific drivers, including increased data consumption, Josh Sambrook-Smith, a thematic equity analyst at Sarasin & Partners, said by phone.“You have all the other super exciting, long-term trends,” said Sambrook-Smith. “This is just a relatively safe way to play it.”(Updates share prices from the 6th paragraph, chart)To contact the reporter on this story: Kit Rees in London at email@example.comTo contact the editors responsible for this story: Beth Mellor at firstname.lastname@example.org, Kasper Viita, Celeste PerriFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Roku was among a handful of companies that made the case against tariffs in Washington, D.C., InvestorPlace's Will Healy wrote. Roku depends on China to manufacture its TVs, boxes and dongles. Roku's stock weakness likely "just began" after it peaked at $108 per share and then struggled to hold the $100 level, InvestorPlace said.
Every investor in Exact Sciences Corporation (NASDAQ:EXAS) should be aware of the most powerful shareholder groups...
(Bloomberg) -- Roku Inc. shares fell on Tuesday, with the stock retreating further from record levels in what analysts said was a reaction to the company’s massive year-to-date advance.The stock dropped as much as 6.6% in what was on track to be its fourth straight decline, its longest losing streak since a six-day decline in April. Roku, a platform for video-streaming services, has lost about 12% over the four-day slump.Even with the recent losses, the stock is up nearly 250% from a December low, and it hit record levels last week.“There are plenty of examples of high-growth companies that are well positioned in popular sectors, where investors get ahead of themselves,” said Tom Forte, an analyst at D.A. Davidson who has a buy rating on the stock.“Roku is in a very favorable position, where it can exploit the large investments being made by participants in the video category -- not just Netflix, but also Amazon, Apple and Disney,” he told Bloomberg in a phone interview. “As video ad revenue gravitates to where the eyeballs are, to [over-the-top] services and away from legacy, linear television, I think it has the ability to grow into its valuation.”Roku’s stock has long been in a tug-of-war between its high levels of growth and a valuation that analysts often see as excessive. The stock can be extremely volatile, moving more than 20% following each of its past four quarterly results.Roku’s second-quarter results are estimated to come out on August 7, according to data compiled by Bloomberg. Currently, analysts expect it to report revenue growth of more than 40%, a pace that’s expected to continue in the subsequent quarter, and then stay above 30% for the next two quarters.This growth is seen as fueled by the company’s continued popularity with consumers at a time when streaming video has become a dominant part of the entertainment landscape. According to a Citi analysis of over-the-top services, the Roku Channel was the seventh most popular channel in May, up from ninth place in April.“The market clearly believes Roku has nearly unlimited growth potential,” wrote Wedbush analyst Michael Pachter in a report dated June 24.He added that while the company had built “an exceptional platform” and “has positioned itself as best in class for OTT advertising,” these factors were “fully priced in” the share price.Wedbush has a neutral rating on Roku, but on Monday boosted its price target to $105 from $65.To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into what investors should expect from Nike's (NKE) Q4 fiscal 2019 financial results that are due out Thursday.
The shoes would be able read an athlete's blood pressure and adjust the soles to help improve blood flow while recovering from a workout.
Blackstone Group chief executive Stephen Schwarzman said on Tuesday that an economic plan presented by White House senior adviser Jared Kushner for the Palestinian territories was "not unachievable". It's not that much," Schwarzman said at an economic summit in Bahrain to encourage investment in the Palestinian Territories.
Indian mortgage lender Dewan Housing Finance Corp Ltd (DHFL) said it had only been able to make a 40 percent payment on unsecured commercial papers due on Tuesday, but vowed to pay the remaining 2.25 billion rupees ($32.49 million) in the coming days. India's shadow banking sector has been thrown into disarray after a series of defaults at large lender Infrastructure Leasing and Financial Services last year triggered fears about contagion in the financial sector. Two major credit ratings agencies - ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil - earlier this month categorised DHFL's commercial paper at default levels for missing bond payments.