Morgan Stanley analyst Keith Weiss’ top pick for next year is Microsoft .He also boosted his price target on the stock to $260 from $249.
“With tough near-term comparisons already in consensus estimates, and the multiple having pulled back to 26 times [estimated] 2022 calendar year EPS, we see potential for outperformance in fiscal year 2021 [ending June 30],” Weiss wrote in a commentary. He thinks that the durability of growth and margin expansion are underappreciated.
According to Weiss, a combination of market factors like sector rotation out of software, as well as Microsoft-specific factors have been weighing on the stock.
I hope the outcome is different this time around, but the demand for financial technology that helps people trade online is growing.
One firm in Hong Kong has seen tremendous earnings and revenue growth as a result of the trend.Futu Holdings (FUTU) and its subsidiaries provide investing services for Hong Kong, US and China Connect stocks, to individual investors through its proprietary one-stop digital platform, Futubull.
The company has seen earnings grow by 111% per year over the last three years while revenue has grown by 96% per year.
One such homebuilder, Lennar, reported strong profits in Q4 as activity remained robust and as interest rates continue to anchor to record lows.
The question for investors is, will this housing strength continue?A.I.dvisor has some insight, with the analysis below comparing Lennar Corp., PulteGroup, and Toll Brothers.
he homebuilder reported higher profit in the fiscal fourth quarter as demand for homeownership remains elevated due to lower borrowing costs and the pandemic.According to our system of comparison, LEN is a better buy in the short-term than PHM and TOL.
Probably millions.
That may help explain upscale furniture maker Hermann Miller's strong stock appreciation this year, as the company recently reported strong earnings.The company also reported strong expense control with operating expenses down $18.1 million from last year, and continued quarterly operating margin expansion over the prior year, including a retail operating margin of 16.7%.
In the analysis below, A.I.dvisor takes a look 9 stocks within the Office Supply Theme, which underscores Hermann Miller's relative strength within the group.
Only Tesla, Volkswagen, and Toyota are bigger.
NIO was once branded as the "Tesla killer," but the company struggled early to gain any traction and was burning through billions of dollars.But investors who have been witnessing -- or perhaps participating -- in Tesla's meteoric rise may be looking to competitor EV companies in hopes of riding a similar wave of enthusiasm.
NIO is still a far cry from Tesla.
The cryptocurrency has gained +220% this year.
The digital coin surged more than +9% on Thursday, reaching $23,256.92.Scott Minerd, the chief investment officer at Guggenheim Investments, said on Bloomberg TV on Wednesday that Bitcoin’s scarcity coupled with “rampant money printing” by the Federal Reserve mean the digital currency should eventually rise to about $400,000.
Dan Gunsberg, CEO of Hxro, a crypto trading platform commented that if Bitcoin sustains its momentum, then “testing $36,000 will be the next real objective” .
The pharmacy retail company’s adjusted earnings for the quarter came in at 40 cents a share, compared to 2 cents expected by analysts.
Revenue rose +12% year-over-year to $6.12 billion, also topping analysts’ forecast of $5.84 billion.
For its fiscal 2021, Rite Aid hiked its revenue guidance to between $23.9 billion and $24.2 billion (from its prior projection of $23.5 billion and $24 billion).It expects same- store sales growth to range between 3.5% and 4.5%, (from its prior guidance of between 3% and 4%. ).
"We are pleased with our third-quarter performance as we continue to grow our business and achieve major physical and digital milestones through our RxEvolution strategy," said Rite Aid CEO Heyward Donigan. Donigan also mentioned the launch of the company’s new brand and logo, and said that the company has made “substantial progress” in evolving its merchandise mix to support whole health.
Initial jobless claims for the US state unemployment benefits unexpectedly climbed to the highest level in three months, amid a surge in COVID-19 cases.
In the week ended Dec. 12, seasonally adjusted initial unemployment claims rose by +23,000 to 885,000, according to Labor Department data.The figure is well above the 818,000 expected by economists surveyed by Bloomberg.
However, continuing claims for state programs fell by -273,000 to 5.51 million in the week ended Dec. 5, compared to 5.7 million forecast by Bloomberg survey.
The increase in initial claims includes increasing filings in California and Illinois, states that are experiencing particularly restrictive lockdowns.
Kurnos expects a “significant upside surprise in 4Q.”
On Wednesday, Roku and WarnerMedia announced a deal to include HBO Max to the Roku platform.Roku users can subscribe directly on their Roku device to access all of HBO Max content (and HBO Max app), at a cost of $15 a month.
Referring to the deal as “largely the expected outcome”, Kurnos suggested that it demonstrates Roku’s negotiating power in the streaming-video industry.
After record-shattering Black Friday and Cyber Monday sales, Wayfair Inc. (W) and Shopify (SHOP) appear to be moving in tandem, with projected strong short-term average growth of 15.5% within the last month.Tickeron’s technical indicators point to a continued growth for Wayfair, amplified by its breakout from the trendline support and resistance: having bounced off the new $270.15 support line, the price is climbing toward the new $290.07 resistance line.
Zack’s Investment Research included Wayfair in its Top 5 Breakthrough Stocks of 2020, with an impressive 170% year-to-date growth.
Spotify announced that it has signed a multiyear deal with Prince Harry and his wife Meghan to produce and hosts podcasts.
Their first podcast, a holiday special, is due for release during the Christmas.
Meghan said that in the first podcast episode, they would be speaking to “some amazing people” who would be sharing their thoughts on the past year.
Prince Harry said, "So many people have been through so much pain this year, experiencing loss, a huge amount of uncertainty, but it feels worth acknowledging that 2020 has connected us in ways we could have never imagined, through endless acts of compassion and kindness.
Tuesday saw a bullish signal generated on the X-Trackers Harvest CSI 300 China A-Shares ETF (ASHR).The underlying index includes small-cap, mid-cap, and large-cap stocks.
The signal came just after the fund hit a short-term trend line on Friday.
Canadian cannabis company Tilray Inc. announced plans to merger with Aphria Inc. .The deal would create the world's largest cannabis company by revenue.
CNBC’s Sara Eisen tweeted that a deal announcement could come as early as Wednesday, following a Bloomberg Canada report.
The merged entity would have Tilray as its name, Aphria shareholders would own a larger stake and a majority of the board seats. The all-stock deal will create a company with an equity value of about C$4.8 billion ($3.8 billion). The combined companies’ 12-month annual sales of C$874 million is higher than that of industry leaders such as Curaleaf Holdings Inc. and Canopy Growth Corp.
The merged operation could likely move its headquarters to the U.S. ,according to the report.
Bitcoin traders around the world all agree that a record price was reached recently, but there's no consensus on what that price level actually was.
According to Refinitiv, the all-time high for bitcoin is $19,510.While a few exchanges are reliable and even regulated, others operate a bit more in the shadows with unverifiable trading volumes and data feeds that are not transparent.
Solutions to this issue may be in the offing.
Will the strength continue?
In Q3, profits surged 10%, total loans rose 13.4% and deposits surged 16.7%, according to the Federal Deposit Insurance Corp.Since lenders earn a fee of 1% to 5% on each loan, small banks managed to continue profitability even as the economy struggles to maintain the recovery.
For Tickeron's A.I.-driven insights into regional banks, and some trading ideas, continue reading below.
Discount retailer Costco (COST) rallied nicely since hitting a low of $262.68 in late February.The stock hit a recent high of $388.07 and has been consolidating over the last few weeks.
A $103 price target represented a 26% downside from the stock's closing price on Friday of $139.25.
"An overwhelming majority of investors we’ve spoken with have been unable to justify Airbnb’s valuation premium relative to OTAs and expressed interest in realizing their quick gains," said analyst Robert Mollins."
According to Mollins, Airbnb’s valuation is "more than stretched" compared to other stocks in the online travel category.
But Gordon Hasketn analysts think that said Airbnb's IPO was well timed, allowing investors to get a piece of the company when its gross book volume was low due to the coronavirus pandemic.
Disney shares got a rating downgrade from analysts at BMO Capital to market perform from outperform.
However, BMO hiked their price target from $165 to $185.
BMO’s price target is $120 per share, up from $100 per share, Disney's DTC business, including Disney+, ESPN+ and Hulu. The firm continues to price Disney's core business at $65.
BMO expects Disney+ to have between 230 million and 260 million subscribers by 2024, an improved outlook from its previous projection of between 60 million and 90 million subs.
The firm expects average revenue of $7.05 per user on Disney's 275.8 million projected subscribers by the end of 2025.
Trade Signals and Outlook analysis of tickers in this group
In June 2018, I made a concerted effort to increase my article submissions at SA and one of the first articles I wrote back then was an earnings preview on Micron Technology (MU).I liked the fundamentals on the stock, but the stock had rallied sharply and the sentiment indicators were concerning.
Two and a half years ago, earnings and sales growth were the highlights of the fundamental picture.