Tag Archive : stock

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Despite doubling from its March lows of this year, at the current price near $52, we believe eBay’s stock (NASDAQ: EBAY) is undervalued. eBay’s stock has rallied from $26 to $52 off the recent bottom compared to the S&P 500 which has risen by 50% from its recent bottom. The stock was able to beat the broader market in the last 6 months as the US government announced a string of measures along with stimulus packages announced in other economies to keep businesses afloat. eBay benefited additionally because (1) people were preferring online marketplaces which saw its merchandise volumes grow in double-digits even in April and May, and (2) eBay’s reached a deal to sell its classified business to Adevinta

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GameStop  (GME) – Get Report said Thursday that it entered a multiyear strategic partnership agreement with Microsoft  (MSFT) – Get Report that the videogame retailer said would expand its product offerings and enhance its retail infrastructure.

Shares of the Grapevine, Texas, company were soaring nearly 20% to $11.19, while Microsoft was up slightly to $210.59.

Under the agreement, GameStop will standardize its back-end and in-store solutions on Dynamics 365, Microsoft’s portfolio of cloud-based business applications and customer data platform.

GameStop said this would enable store staff to access omnichannel insights about customer preferences and purchasing history, real-time information on product availability, subscriptions, pricing, and promotions.

Associates will be equipped with new Microsoft Surface devices, which will enable them to move freely within the stores.

GameStop said it planned to roll out Microsoft 365 and Microsoft Teams, the business communication platform, to its stores. With Teams, store

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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has PerkinElmer (PKI) been one of those stocks this year? A quick glance at the company’s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

PerkinElmer is a member of our Computer and Technology group, which includes 613 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions

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Coty’s Stock Climb May Not Last

October 7, 2020 | technology | No Comments

Coty’s stock (NYSE: COTY), while down more than 70% this year, moved up nearly 13.2% over the last 5 days, outperforming the S&P 500. While this might sound exciting, the chances are that the uptrend isn’t going to last. How do we know this? We look at past stock patterns as well as Coty’s underlying financial growth to arrive at this conclusion. Our AI engine analyzes historical price movement to predict near term behavior for a given level of movement in the recent period, and suggests nearly a 30% probability of Coty Inc. dropping -10% over the next 21 trading days. Compared to this, the chances of it rising by 10% during the same time frame are 15%,

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Software Stock Has Room To Run

October 6, 2020 | software | No Comments

The shares of Okta (OKTA) are up 2.9% to trade at $233.74 at last check, a fresh record high. With help from its 10-day moving average, OKTA now sports a 102.8% year-to-date lead. However, a historic bullish signal is flashing that may indicate even more upside for the stock.

More specifically, the stock’s recent peak comes amid historically low implied volatility (IV), which has been a bullish combination for the equity in the past. According to data from Schaeffer’s Senior Quantitative Analyst Rocky White, there have been four other times in the past five years when the stock was trading within 2% of its 52-week high, while its Schaeffer’s Volatility Index (SVI) sat in the 20th percentile of its annual range or lower – as is the case with OKTA’s current SVI of 49%, which sits in the 18th percentile of its 12-month range. Data shows the stock was higher

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Palantir (NYSE: PLTR), the big data and analytics software company, debuted on the public markets last month and is currently valued at about $15 billion, or about $9 per share, trading at about 14.5x projected 2020 Revenues. This appears like an attractive valuation, considering that Palantir is on track to grow by about 40% this year and also accounting for the fact that software stocks have been in favor with investors this year. Does this make Palantir stock an attractive pick at current levels? What are the key risks & catalysts?

See our interactive analysis on Palantir Stock: Expensive Or Cheap? for a detailed breakdown of Palantir’s financials, valuation, and comparison with other high-growth software stocks. Parts

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After a modest 11% growth since March 23, Citrix Systems stock (NASDAQ: CTXS) looks fully valued based on its historic Price to Sales (P/S) multiples. Citrix Systems, a cloud-based enterprise software provider, has seen its stock rally from $122 to $135 off the recent bottom compared to the S&P which moved around 50%. The stock is lagging the overall markets by a margin, as investors are cautious about the stock sell-off by company insiders over the recent months. Notably, the technology stocks have also seen some negative movement since September 2nd due to a stint of profit-taking after a strong run – CTXS’s stock is down 9% in the past one month. Despite this, the stock is still

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Three members of Apple’s leadership team, CFO Luca Maestri, COO Jeffrey Williams and SVP of Legal and Global Security Katherine Adams, each saw a batch of restricted stock units vest last week.

Revealed in U.S. Securities and Exchange Commission filings made public on Monday, Maestri and Williams both acquired 519,080 shares of Apple stock on Oct. 1, a lode worth just under $60.5 million at the end of trading today. Adams saw 459,856 RSUs worth nearly $53.6 million vest on the Oct. 1 conversion date.

Apple withheld 275,649 shares from Maestri and Williams’ awards, and 227,496 shares from Adams, to satisfy tax laws.

Williams on Oct. 2 sold 257,343 shares in multiple trades ranging from $113.02 to $114.41, equating to about $29.2 million in proceeds. He currently holds 489,260 shares. Following the grant, Maestri retains 353,703 shares and Adams owns 323,396 shares.

The executives’ bonuses are distributed on

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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Chegg (CHGG) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.

Chegg is a member of our Computer and Technology group, which includes 614 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CHGG is currently sporting a Zacks Rank of #2 (Buy).

Over the

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nintendo-switch-nyc-cnet-06.jpg

Sarah Tew/CNET

Ever since the pandemic hit, Nintendo has been struggling to keep up with Switch and Switch Lite demand. However, according to an early August GameSpot report, Switch console production is back in full swing — or close to it, at least. That jibes with what we’ve seen over that past few weeks, with the console popping up at online stores like Best Buy and Amazon at its regular $300 price tag.

Of course, it still sells out within minutes. But now that we’re seeing it in stock at stores on a fairly regular basis, we’re trying to keep closer track. We’ll update this story frequently, but you’ll want to click through below since the inventory status often changes on a minute-by-minute basis.

Amazon

Update: As of Oct. 4, there are no Nintendo Switch consoles available for online purchase for $300 at Amazon.    


Best Buy

Update: As of Oct.

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