Tag: Stock

Adobe’s Stock To Continue Growing?

Despite more than a 63% rise from its March lows of this year, at the current price near $502 per share, we believe Adobe’s stock (NASDAQ: ADBE) is still undervalued. ADBE stock has increased from $307 to $502 since March 23rd compared to the S&P 500 which increased almost 55% from its recent lows. The stock has outperformed the market and was at a 52 week high in early September. The company has benefited from a subscription-based business model which helps with continuous revenue flow. In the first nine months (ended August 2020) of FY 2020 Adobe saw revenue grow to $9.4 billion, up by 15% y-o-y while earnings were recorded at $6.25 compared to $4.31 in the same

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After 75% Rally, IHS Markit Stock Looks Settled At $80

IHS Markit Stock (NYSE: INFO) is a leading provider of information, research, analytics, and technology, with the company’s clients including the world’s major industries, financial markets, and governments. Following a 75% rise since the March 23 lows of this year, at the current price of around $80 per share, we believe the company has reached its near term potential. IHS Markit stock has rallied from $45 to $80 off the recent bottom compared to the S&P which moved 55% over the same time period. The company’s capex light business model, solid liquidity reserves, as well as a rebound in the oil prices, has helped the stock beat overall markets. Moreover, the stock is up 75% from levels seen

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Worried About a Stock Market Crash? Buy These Recession-Proof Tech Stocks

Sure, the stock market is booming now, but remember that it was also booming in January of this year — right before the quickest market crash of all time. Meanwhile, Congress is at an impasse on a new stimulus deal, even though leading Federal Reserve officials are pleading for more fiscal help.

A sudden market turnaround isn’t out of the realm of possibility. You can prepare for it and reduce your risk by investing in recession-resistant businesses. Investing in recession-proof stocks lets you sleep well at night and hold for the long-term, no matter what craziness is going on in the real economy. While no stock is 100% immune to the real economy, some companies have better business models for dealing with downturns, even in the high-flying technology sector.

Some recession-resistant companies offer needed goods or services that must be bought in good times and bad. Others cater to a

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Loop Industries Drops – Hindenburg Makes Claims, Shorts Stock

Shares of Loop Industries  (LOOP) – Get Report lost a third of their market value on Tuesday after the activist investment group Hindenburg published a report lambasting the plastics-recycling company and said it took a short position.

The investment firm said it interviewed former employees, competitors, industry experts and company partners as part of its investigation and concluded that Loop is “smoke and mirrors with no viable technology.”

Loop, Terrebonne, Quebec, didn’t immediately return a request for comment. 

Former employees told Hindenburg that Loop operated two labs, one reserved for its “two twenty-something lead scientist brothers and their father” and one run by rank-and-file scientists who were unable to replicate results. 

The investment firm said that a Loop employee told Hindenburg that scientists were pressured by Chief Executive Daniel Solomita to “lie about the results of the company’s process internally. We have obtained internal documents and photographs to

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Time To Sell Deere Stock After 2x Rally?

After a 2x rise since the March 23 lows of this year, at the current price of around $235 per share we believe Deere & Company’s stock (NYSE: DE) has reached its near-term potential. Deere’s stock has rallied from $111 to $235 off the recent bottom compared to the S&P which moved 55%, with the resumption of economic activities as lockdowns are gradually lifted. DE stock is also up 58% from levels seen in early 2018, two years ago.

DE stock is now up

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China Stock Market Set To Add To Its Winnings

(RTTNews) – The China stock market has finished higher in back-to-back sessions, surging more than 140 points or 4.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,360-point plateau and it’s got a positive lead again for Tuesday’s trade.

The global forecast for the Asian markets is upbeat, with tech shares expected to lead the way higher. The European markets were mixed and the U.S. bourse were broadly higher and the Asian markets are tipped to follow the latter lead.

The SCI finished sharply higher on Monday following gains from the financials, properties and oil and insurance companies.

For the day, the index soared 86.39 points or 2.64 percent to finish at 3,358.47 after trading between 3,286.11 and 3,359.15. The Shenzhen Composite Index surged 73.40 points or 3.31 percent to end at 2,289.36.

Among the actives, Industrial and Commercial Bank of China climbed 1.02 percent,

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Amazon leads tech stock jump as it rises 3% ahead of Prime Day



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© Provided by Daily Mail
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Wall Street ended sharply higher on Monday, fueled by expectations of a coronavirus relief package and by a rally in Amazon, Apple and other technology stocks ahead quarterly earnings season, and Prime Day.

Amazon rallied 4.8 per cent ahead of its annual Prime Day shopping event on October 13 and 14.

The company does not reveal revenue for the annual event, but it will certainly lead to a big pay day for Jeff Bezos, Amazon owner: some analysts are expecting close to $10 billion in sales over the two days. 



Prime Day is on October 13 and 14, and Amazon's shares rose 4.8 per cent ahead of the day


© Provided by Daily Mail
Prime Day is on October 13 and 14, and Amazon’s shares rose 4.8 per cent ahead of the day



logo: Traders anticipating a bumper Amazon Prime Day have caused a rise in Amazon's share price


© Provided by Daily Mail
Traders anticipating a bumper Amazon Prime Day have caused a rise in Amazon’s share price

Prime Day, which features deals on many products on

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Singapore Stock Market Has Solid Lead For Tuesday’s Trade

(RTTNews) – The Singapore stock market bounced higher again on Monday, one session after ending the four-day winning streak in which it had climbed almost 50 points or 2 percent. The Straits Times Index now sits just above the 2,550-point plateau and it may add to its winnings on Tuesday.

The global forecast for the Asian markets is upbeat, with tech shares expected to lead the way higher. The European markets were mixed and the U.S. bourse were broadly higher and the Asian markets are tipped to follow the latter lead.

The STI finished modestly higher on Monday following gains from the financial shares, property stocks and industrial issues.

For the day, the index climbed 19.46 points or 0.77 percent to finish at 2,552.42 after trading between 2,534.37 and 2,555.93. Volume was 1.4 billion shares worth 1 billion Singapore dollars. There were 272 gainers and 174 decliners.

Among the actives,

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Snowflake draws bullish calls from Wall Street, though some analysts say stock is fully valued

  • At least 19 investment banks initiated coverage of Snowflake on Monday, with price targets ranging from $214 to $350.
  • The stock rose 2.5% to close at $243.97.
  • Analysts agree that Amazon, Microsoft and Google are Snowflake’s top competitors, but they have differing views on how much of a threat those companies pose.



Frank Slootman wearing a suit and tie: Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020.


© Provided by CNBC
Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020.

Less than a month after Snowflake debuted on the stock market with the biggest software IPO in history, Wall Street analysts are rushing to make predictions on the cloud database company, which is already valued at over $67 billion.

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At least 19 analysts initiated coverage of Snowflake on Monday following the post-IPO quiet period, according to reports collected by CNBC.

Among the nine buy ratings, the most bullish prediction came from Truist, which gave Snowflake a price target of $350, or 47%

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Analyst Says Micron Technology Stock Now Has 20% Upside

Are Micron Technology (NASDAQ:MU) shares about to rise by nearly 20%? Analyst Sidney Ho of Deutsche Bank thinks so; he upgraded his recommendation on the stock from neutral to buy, with a $60 per share price target (the company’s most recent closing level was $50.68).

Ho believes that while the market for the DRAM, or dynamic random access memory, chips that the company specializes in will hit a low in the fourth quarter of this year, a rebound is in store. In his view, recent data indicate that demand for such products has risen in both the mobile and PC server segments. This should result in price increases in Q1 of next year.

Detail of a circuit board.

Image source: Getty Images.

Micron’s business has suffered lately because of two factors. The first is the coronavirus pandemic. As with other businesses throughout the global economy, the company has been badly affected by softening demand from

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