Stock Market News, Quotes, Charts and Financial Information | StockMarket.com https://stockmarket.com Tue, 11 May 2021 20:48:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://stockmarket.com/wp-content/uploads/2020/07/cropped-photo_2020-07-15-16.15.02-32x32.jpeg Stock Market News, Quotes, Charts and Financial Information | StockMarket.com https://stockmarket.com 32 32 Trending Tech Stocks To Buy This Week? 4 To Know https://stockmarket.com/featured/trending-tech-stocks-to-buy-this-week-4-to-know-2021-05-11 https://stockmarket.com/featured/trending-tech-stocks-to-buy-this-week-4-to-know-2021-05-11#respond Tue, 11 May 2021 20:48:29 +0000 https://stockmarket.com/?p=72043 With the current weakness in tech, investors could be eyeing these hot tech stocks now.

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Could These Top Tech Stocks Be Worth Buying Right Now?

For most tech investors, yesterday’s trading session on the stock market was a tough one. Namely, tech stocks, in general, were hit hard as the tech-heavy Nasdaq composite dipped by 2.6%, its worst session since the March selloffs. Should we see another selloff in the weeks to come, could tech stocks become the top value stocks in 2021? Before we go into that, what exactly are value stocks might you ask? In short, value stocks often come at low prices relative to the company’s overall financial performance. For seasoned investors, betting on value stocks is often on the belief that these companies can deliver in the long run. While inflation fears may be causing a dip in tech stocks now, eagle-eyed investors may see this as a unique buying opportunity.

Now, tech companies continue to flourish throughout the current pandemic as consumers and organizations alike remain reliant on their services. For starters, we could look at social media giants such as Pinterest Inc. (NYSE: PINS). Sure, in-person social activities may be making a comeback. However, social media will still fulfill the role of helping people share their social experiences with others, nonetheless. Elsewhere, tech companies in the cryptocurrency industry could be interesting plays as well. Given the growing adoption of digital currencies, the likes of PayPal (NASDAQ: PYPL) and Riot Blockchain (NASDAQ: RIOT) remain viable.

While these companies may address varying end markets, they all share one similarity. For the most part, their share prices are noticeably down from their all-time highs seen back in January 2021. With huge names in tech coming down from their sky-high valuations, some investors might consider buying on the dip. If you are one of them, here are four making waves on the stock market today.

Best Tech Stocks To Buy [Or Sell] In May

Jumia Technologies Inc.

Jumia is a leading pan-African e-commerce platform. Its platform consists of its game-changing marketplace, which connects sellers with consumers. The company also has a logistics service that enables the delivery and shipment of packages from sellers to consumers. Last but not least, the company also boasts a payment service, called Jumia Pay. JMIA closed Tuesday’s trading session up over 7% at $25.24 a share. The company reported its first-quarter financials today.

e-commerce stocks to buy (JMIA stock)

Firstly, the company reported that its gross profit increased by 11% year-over-year $24.79 million. It also continues to build its brand strength and was ranked #7 in the 2020 Most Influential Brands survey in Egypt.

This is evident as it continues to offer more convenience to consumers. Jumia Food for instance has been present across 10 countries and 48 cities in Africa. It boasts a wide range of restaurants on its platform and has been around for the last 9 years. Given the exciting developments surrounding Jumia, will you consider buying JMIA stock?

[Read More] 4 Cyclical Stocks To Look Out For In 2021

FuboTV Inc.

Fubo is a sports-first live TV streaming platform. The tech company offers subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. By subscribing to Fubo, users can stream a broad mix of 100+ live TV channels. FUBO stock finished Tuesday’s trading day seeing a gain of 8.07% at $17.67 per share. The company will be announcing its first-quarter financials today after the market closes.

best streaming stocks (FUBO stock)

How will the company perform in today’s reporting? By looking at its fourth-quarter financials in February, we may get a better idea. The company’s quarterly revenue exceeded $100 million for the first time. FuboTV ended 2020 with over 547,880 paid subscribers, a 20% increase sequentially.

Building on the momentum from 2020, the company says it remains focused on continued innovation and is excited about its growth opportunities for 2021. Given all of this, will you consider buying FUBO stock ahead of its earnings?

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Shopify Inc.

Shopify is a multinational tech company that focuses on e-commerce. The company offers online retailers a suite of services. This would include payments, marketing, shipping, and customer engagement tools. Its platform boasts more than 1 million businesses in approximately 175 countries. Shopify is the largest publicly traded Canadian company by market capitalization. SHOP stock closed Tuesday’s trading session up a modest 2.77% at $1,110.20.

best tech stocks to buy (SHOP stock)

Last month, the company announced its first-quarter financial results. Impressively, its total revenue for the quarter more than doubled to $988.6 million. Its subscription solutions revenue was $320.7 million for the quarter, growing by 71% year-over-year. This was primarily due to more merchants joining the platform.

Shopify’s momentum continued into 2021 as digital commerce tailwinds remained strong and merchants took advantage of the range of capabilities offered by our platform,” said Amy Shapero, Shopify’s CFO. “We are focused on building a commerce operating system that will help shape the future of retail. Our merchant-first business model positions us to capture the massive opportunity presented by the growth of digital commerce, benefiting both our merchants and Shopify.” All things considered, will you buy SHOP stock?

[Read More] Best Communication Stocks To Watch Right Now

Microsoft Corporation

Last but not least, we have tech goliath Microsoft. Seeing as the company offers the world’s leading office software, investors could be eyeing MSFT stock now. At the same time, Microsoft’s ever-growing portfolio seems to be performing as well. In its recent quarter fiscal posted last month, the company posted annualized revenue growth of 19%. This marks its biggest quarterly increase since 2018. According to CEO Satya Nadella, massive strides in Microsoft’s gaming and cloud divisions are to thank for this performance. Moving forward, could MSFT stock be worth investing in?

best tech stocks (msft stock)

Well, for one thing, the company appears keen to maintain its pandemic-boosted momentum now. As of last week, Microsoft is working with U.K.-based creative tech company WPP to “transform creative content production”. The duo launched Cloud Studio, an innovative cloud platform focused on advertising content creation.

According to Microsoft, teams from across WPP’s global network can now produce campaigns for clients from any location around the world. With Microsoft’s core cloud platform, Microsoft Azure, powering this project, the company continues to expand its addressable markets. By and large, could all this make MSFT stock a buy right now?

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4 Cyclical Stocks To Look Out For In 2021 https://stockmarket.com/featured/cyclical-stocks-to-look-out-for-2021-2021-05-11 https://stockmarket.com/featured/cyclical-stocks-to-look-out-for-2021-2021-05-11#respond Tue, 11 May 2021 18:47:19 +0000 https://stockmarket.com/?p=72026 These cyclical stocks could be top plays with the economy on the upswing.

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Top Cyclicals Stocks To Watch In The Stock Market Today

As we approach the tail-end of the pandemic, more investors appear to be turning towards the top cyclical stocks. After all, as the economy improves, cyclicals would tend to follow suit. In turn, this would make them attractive bets in the stock market today. While this premise is simple, most investors would know that many industries fall under this group of stocks.

To begin with, we could look at commodity-focused companies. Specifically, copper stocks and silver stocks appear to be in the spotlight now. According to CNBC’s Mad Money host Jim Cramer, the top performers in this sector offer products in strong demand with limited supplies. Seeing as silver and copper prices continue to climb, the likes of Coeur Mining (NYSE: CDE) and Rio Tinto (NYSE: RIO) could follow suit. At the same time, companies operating in the tourism industry would also stand to benefit from broader economic recovery. Whether it is airline stocks or conventional entertainment stocks, investors are spoilt for choices. Evidently, both American Airlines (NASDAQ: AAL) and MGM Resorts International (NYSE: MGM) have more than doubled their share prices over the past year.

Across the board, I could see cyclical stocks gain momentum as investors continue rotating out of tech stocks this week. In turn, I can understand if you are interested to add some to your portfolio as well. On that note, here are four top cyclical stocks on the stock market now.

Top Cyclical Stocks To Buy [Or Sell] Now

DraftKings Inc.

DraftKings is a digital sports entertainment and gaming company. In detail, the company allows users to enter daily and weekly fantasy sports-related contests. The company is the only U.S.-based vertically integrated sports betting operator. It is also a multi-channel provider of sports betting and gaming technologies. It is the official daily fantasy partner of the NFL, MLB, NASCAR, and UFC among others. DKNG stock currently trades at $43.92 as of 2:26 p.m. ET.

top cyclical stocks (DKNG stock)
Source: TD Ameritrade TOS

The company recently reported its first-quarter revenue, which showed that it is off to an outstanding start in 2021. The company reported a revenue of $312 million for the quarter. DraftKings also reported that its monthly unique payers (MUP) for its B2C segment increased by 114% year-over-year. The average revenue per MUP was $61 in the first quarter. This represents a 48% increase versus the same period in 2020. The company is also increasing its 2021 revenue guidance. It plans to raise its fiscal year 2021 revenue to a top line of $1.15 billion, which implies a 79% growth year-over-year. For these reasons, will you consider including DKNG stock on your watchlist?

[Read More] Best Stocks To Buy In May? 4 Advertising Stocks To Watch

JPMorgan Chase & Co.

JPMorgan is an investment bank and financial services holding company that is headquartered in New York City. It is one of the oldest financial institutions in the U.S. and has a history dating back over 200 years. JPM stock currently trades at $159.01 as of 2:26 p.m. ET and has been up by over 70% in the last year. Last month, it reported its first-quarter financials, much to investor delight.

best cyclical stocks (JPM stock)
Source: TD Ameritrade TOS

In it, the company posted a revenue of $33.1 billion, which was up by 14%, predominantly driven by net reserve releases of $5.2 billion. Net income for the quarter was a whopping $14.3 billion, a 399% increase year-over-year. Its diluted earnings per share for the quarter was $4.50. A chunk of this revenue came from its Consumer & Business Banking segments, with net revenues of $5.6 billion.

Jamie Dimon, Chairman, and CEO had this to say, “JPMorgan Chase earned $14.3 billion in net income reflecting strong underlying performance across our businesses, partially driven by a rapidly improving economy. These results include a benefit from credit reserve releases of $5.2 billion that we do not consider core or recurring profits. We believe our credit reserves of $26 billion are appropriate and prudent, all things considered.” With that in mind, will you consider buying JPM stock?

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Altria Group Inc.

Altria is a cyclical corporation and one of the world’s largest producers and marketers of tobacco, cigarettes, and related products. It is the parent company of Philip Morris USA, John Middleton, and Smokeless Tobacco Company. The company also holds diversified positions across tobacco, alcohol, and cannabis. MO stock currently trades at $50.30 as of 2:27 p.m. ET. Late last month, the company reported its first-quarter results and reaffirmed its 2021 earnings guidance.

best cyclical stocks (MO stock)
Source: TD Ameritrade TOS

Firstly, the company posted a net revenue of $6.036 billion. It also paid $1.6 billion in dividends for the first quarter. Given these strong results, the company believes that its businesses are on track to deliver against its full-year plans. The company has also been investing heavily to make progress in its non-combustible portfolio. It also announced that it now has full global ownership of on! Oral nicotine pouches as it closed transactions to acquire the remaining 20% of the company. With such exciting news surrounding the company, would you agree that MO stock is a top cyclical stock to buy right now?

[Read More] Best Communication Stocks To Watch Right Now

Carnival Corporation

Topping off our list today would be the Carnival Corporation. In short, Carnival is a leading name in the cruise industry. In terms of scale, it boasts one of the world’s largest cruise fleets consisting of over 100 vessels across 10 cruise line brands. Indeed, investors would be bullish on CCL stock now seeing as leisure cruise voyages will resume later this summer. Not to mention, the company also found that its 2022 advanced bookings exceed 2019 levels. With the company attracting travelers and investors alike, could we see CCL stock return to its former glory?

top cyclical stocks to watch (CCL stock)
Source: TD Ameritrade TOS

If anything, Carnival continues to gear up for busy times ahead. Last week, the company’s Holland America cruise line provided a positive update on its newest ship. Namely, the “Rotterdam” safely completed two sets of sea trials in Italy.

Moreover, the company’s AIDA Cruises subsidiary also made headlines in Germany yesterday by inaugurating Europe’s largest shore power plant. Through an existing partnership with the local government, AIDA Cruises continues to push Carnival’s green cruising strategy in the region. Overall, Carnival appears to be firing on all cylinders. Could all this mean that CCL stock has more room to grow moving forward?

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4 Dividend Stocks To Watch Right Now https://stockmarket.com/featured/dividend-stocks-to-watch-right-now-2021-05-11 https://stockmarket.com/featured/dividend-stocks-to-watch-right-now-2021-05-11#respond Tue, 11 May 2021 15:36:08 +0000 https://stockmarket.com/?p=72002 These dividend stocks may help you sleep well amid the current choppy market.

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4 Cheap Dividend Stocks To Consider Adding To Your Long-Term Portfolio

Dividend stocks have been a great vehicle for investors who like predictable income along with good long-term growth potential. If you’re a long-term investor, then finding the right dividend stocks to buy in the stock market in 2021 could make a significant difference in your portfolio returns. Some might be asking “how do I buy dividend stocks”… The first step to take is to use financial sites to screen for stocks that pay dividends. The general rule of thumb to find the best dividend stocks is to compare a company’s dividend yield among its industry peers.

If a company’s dividend yield is much higher than that of similar companies, it’s worth putting additional research into the company to understand the safety of the dividend. After all, you don’t want to be investing in stocks that pay a 7% dividend yield this year and 2% next. Income investors want a steady and reliable recurring source of income. For more conservative investors, this would be a likely strategy given the current state of the stock market. While growth investors brave the volatility in the latest trends such as cryptocurrency, income investors build their wealth on dividends.

If you’re not sure which stocks to buy, why not take cues from the investing legend Warren Buffet. The Oracle of Omaha is big on dividends. Evidently, Buffett’s Berkshire Hathaway (NYSE: BRK.A) portfolio boasts over 30 dividend-paying securities. And the dividends the company receives are in the billions annually. Of course, regular investors are not trading at the same volumes as Berkshire Hathaway. But, investing in the top dividend stocks now could appeal to investors looking to bolster their portfolios with defensive plays. With all that in mind, would you be watching these four dividend stocks in the stock market today?

Top Dividend Stocks To Consider Buying Now

Constellation Brands

First up, Constellation Brands is a leading international producer and marketer of alcoholic beverages. The beverage company turned in better-than-expected quarterly results last month. Despite weak demand at bars and restaurants, the alcoholic beverage giant announced solid growth in its beer portfolio. For the 3 months ended February 28, 2021, net sales rose 3% year-over-year to $1.95 billion. In addition, cash generation trends are also strong, with free cash flow reaching as high as $1.5 billion. For this reason, there isn’t a big hurdle for Constellation Brands to maintain or boost its dividend yield.

top dividend stocks (STZ stock)
Source: TD Ameritrade TOS

The company’s management is optimistic about growth for the coming year. In particular, Constellation Brands expects net sales in this segment to increase by 7% to 9%. It’s worth pointing out that the company has developed plans to invest in additional capacity in Mexico. This will provide the long-term flexibility needed to support the future growth of the core, high-end Mexican beer portfolio. Besides, management is also anticipating a strong operating cash flow of $2.4 billion and $2.6 billion in fiscal 2022. Considering the financial strength of the company, would you be adding STZ stock to your watchlist?

[Read More] Best Stocks To Buy In May? 4 Advertising Stocks To Watch

AT&T

Next up, AT&T needs no introduction. Besides being one of the largest providers of mobile and fixed telephone services in the U.S., it is also the parent company of mass media conglomerate WarnerMedia. This would make it the largest media and entertainment company globally in terms of revenue as well. It also operates hallmark entertainment services HBO Max and AT&T TV. This combination of services complements each other and could be the key to the company’s success moving forward. T stock currently has a dividend yield above 6%.

best dividend stocks (T stock)
Source: TD Ameritrade TOS

Now, AT&T has yet to raise its dividend in 2021. But it still has an average dividend yield of over 5% for the past 10 years. It is unlikely AT&T would break its streak. Perhaps, investors might see a dividend raise later this year. A potential push for AT&T to propel forward would be the rollout of 5G networks. As consumers and businesses looking to upgrade their wireless devices, the boost in data download speed would play to AT&T’s benefit. With that in mind, could it be rewarding for investors to hold on to T stock for the long term?

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Pfizer

Pfizer has been in the spotlight in the stock market and we all know that has to do with its COVID-19 vaccine. The company has been a long-time favorite for income investors. The drugmaker’s dividend yield currently stands at 3.9%. This week, the company received the authorization from FDA to administer the company’s vaccine for adolescents aged between 12 and 15 years. Separately, Pfizer has also announced its first-quarter financials recently.

dividend stocks to buy now (PFE stock)
Source: TD Ameritrade TOS

To start things off, Pfizer posted quarterly revenue of $14.58 billion, a 45% increase year-over-year. A chunk of this revenue came from its vaccines segment, at $4.89 billion. Net income for the quarter was a cool $4.87 billion, also a 45% increase year-over-year. With the coronavirus pandemic remaining a pressing issue for the world, I wouldn’t be surprised if the vaccine sales are going to be even higher over the next couple of years. If anything, the company appears to be in a great position to deliver strong growth over the coming years. Given all of this, is PFE stock worth adding to your portfolio?

[Read More] Best Communication Stocks To Watch Right Now

Lumen Technologies

Previously known as CenturyLink, Lumen Technologies is a telecommunications company that pays a big dividend yield. As it stands, the company has a dividend yield of more than 7%. The company has been struggling with its legacy internet landline services. As a result, this has prompted Lumen to invest in high-performance fiber-optics networks. And the great news is that the new investment is generating strong cash flows. Following this momentum, there’s a chance that margins could significantly improve as the company continues its pivot to fiber and enterprise services.

best dividend stocks to watch (LUMN stock)
Source: TD Ameritrade TOS

Recently, the company hosted an Analyst Day presentation, where it showcased exciting company developments to shareholders. From the presentation, the company highlighted partnerships with VMWare (NYSE: VMW), IBM Cloud (NYSE: IBM), and T-Mobile (NASDAQ: TMUS). Admittedly, no one can be sure what the future holds for the company with these strings of partnerships. But things certainly could play out well if Lumen hits off with one of these partners. If you believe that the company could bump up its revenue growth through these partnerships, would you include LUMN stock on your watchlist today?

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Best Stocks To Buy In May? 4 Advertising Stocks To Watch https://stockmarket.com/featured/best-stocks-to-buy-in-may-4-advertising-stocks-to-watch-2021-05-11 https://stockmarket.com/featured/best-stocks-to-buy-in-may-4-advertising-stocks-to-watch-2021-05-11#respond Tue, 11 May 2021 12:54:16 +0000 https://stockmarket.com/?p=71986 Digital advertising boom provides a nice set-up for these advertising stocks to thrive.

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Are These The Best Advertising Stocks To Buy Now?

The stock market has taken another beating this week. One particular sector taking a big hit is advertising stocks. This came even after their recent strong earnings report. For instance, The Trade Desk (NASDAQ: TTD) saw its stock tumbling more than 25% on Monday after the company reported earnings and a 10-for-1 stock split. From a first glance, it looks like a bad quarter sent TTD stock crashing. But that’s not the case.

In fact, the company’s performance wasn’t that bad, just not good enough. This may not be surprising as high expectations were baked into the stock due to an accelerating momentum of ad-tech technology. From its quarterly earnings report, revenue came in 37% higher to $219.8 million, beating Wall Street’s estimates of $216.9 million. It’s also worth noting that the customer retention rate remained strong, continuing a seven-year streak of retention rates above 95%. If anything, this is a strong validation of the company’s offering to its clients. 

These advertising companies are also likely to thrive in strong economies as businesses would have the incentives to snatch back more customers. The digital advertising industry is already coming into 2021 with strong momentum, having seen sales ramp up in the second half of last year in spite of pandemic-related headwinds. Now, with the pullback of TTD stock, some of the top advertising stocks are not spared either. In light of the recent market correction, would now be a good time to bet on these top advertising stocks in the stock market today?

Top Advertising Stocks To Watch Right Now

Magnite

Magnite is the world’s largest independent omnichannel sell-side advertising platform. On Monday, the company reported its first-quarter earnings, where revenue came in 67% higher year-over-year to $60.7 million. With the recent acquisition of SpotX for $1.17 billion from RTL Group, Magnite is turning into a capital ad tech firm that has a hold on every major cable network and streaming channel. The merger also strengthens the company by creating a cost-saving synergy of $35 million annually. That in turn fortifies Magnite’s position in the ad-based streaming vertical.

top advertising stocks (MGNI stock)
Source: TD Ameritrade TOS

While all these seem like positive developments for investors to bank on MGNI stocks, the company saw its stock fall in sympathy with the sell-off of TTD stock. Admittedly, ad-tech companies may not exactly be front-end with direct relationships with users, Magnite is definitely pulling the right strings behind the scenes. So long as Magnite continues to tap into multiple different CTVs and streaming channels, it continues to grow its revenue potential. With all that said, will the recent pullback in MGNI stock be a good opportunity for you to scoop up its stock at a discount?

[Read More] Top Stocks To Watch This Week? 4 Tech Stocks In Focus

PubMatic

PubMatic is a tech company that develops and implements advertising software and strategies for the digital publishing and advertising industry. The company’s cloud infrastructure platform is used for digital advertising, empowering app developers and publishers to increase monetization. It also enables media buyers to drive return on investment by reaching their target audiences. PubMatic is not spared from the sell-off in TTD stocks either. The company saw its stock traded around 17% lower on Monday. Nevertheless, since the start of the year, PUBM stock is still up by over 30%.

top stocks to buy right now (PUBM stock)
Source: TD Ameritrade TOS

The company reported its fourth-quarter financials in February, much to investors’ delight. In it, the company reported a revenue of $56.2 million, a 64% increase year-over-year. Net income for the quarter was $18.8 million. The company also ended the quarter with $101 million in cash. These impressive financials are likely due to PubMatic’s differentiated market position across the digital advertising ecosystem. The company is currently in the midst of an accelerated digital transformation as more consumers are spending more time online. With that in mind, will you consider PUBM stock as a top advertising stock to buy ahead of its earnings release on May 13? 

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Roku

One of the most prominent names in the advertising industry now would be Roku. For the uninitiated, the company facilitates content from most mainstream video streaming services. Subsequently, Roku receives a cut of subscription fees paid through its platform while also gaining ad revenue from its free content. All this would strategically position Roku to grow regardless of which streaming company comes out on top. It is no secret that ROKU stock has been performing relatively well for the past year. It is seeing gains of over 120% in this period. 

top advertising stocks to buy (ROKU stock)
Source: TD Ameritrade TOS

From its first-quarter report, revenues came in 79% higher from the year-ago quarter to $574.2 million. Furthermore, usage was strong, as it added 2.4 million accounts in the quarter. That increased the number of accounts on the platform by 35% year-over-year. Considering the company’s profitability profile, is ROKU stock a top advertising stock to buy now at its current valuation?

[Read More] Best Stocks To Invest In Right Now? 4 Cybersecurity Stocks To Consider

Facebook

As one of the leading social media players on the market, FB stock has been in the limelight over the past year. It has surged by over 100% since the stock market crashed in March 2020. From its most recent quarterly report, Facebook’s earnings came in at $3.3 per share, topping analysts’ estimates of $2.37. Revenue came in 48% higher to $26.17 billion. The social media giant attributed the significant increase in revenue to a 30% year-over-year increase in the average price per ad and a 12% increase in the number of ads delivered.

best advertising stocks (FB stock)
Source: TD Ameritrade TOS

Another key metric to note when it comes to social media companies would be daily active users (DAUs). Well, Facebook showed an average of 1.88 billion DAUs in its platform from its most recent report. Moving forward, the company cited growing e-commerce trends and shifting consumer demands as key drivers for its current momentum. Accordingly, these provided a tailwind for Facebook’s advertising business and marketplace. It is safe to assume that Facebook’s dominance in the social media space is here to stay for the foreseeable future. Given its massive influence, would you include FB stock on your list of best advertising stocks to buy right now?

The post Best Stocks To Buy In May? 4 Advertising Stocks To Watch appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Top Stocks To Watch This Week? 4 Tech Stocks In Focus https://stockmarket.com/featured/top-stocks-to-watch-this-week-4-tech-stocks-in-focus-2021-05-10 https://stockmarket.com/featured/top-stocks-to-watch-this-week-4-tech-stocks-in-focus-2021-05-10#respond Tue, 11 May 2021 00:43:55 +0000 https://stockmarket.com/?p=71971 With all-around high expectations this earnings season, these tech companies could be worth looking at.

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Top Tech Stocks To Watch In The Stock Market This Week

As investors look forward to another week of high-profile earnings, tech stocks could be in focus. Seasoned and new investors alike would be looking for reasonably priced names in the stock market today. After all, despite posting blowout quarters, some of the top tech stocks have taken a breather. When you couple this with the world’s ever-growing reliance on tech, some might argue that we could be looking at exciting investment opportunities this week. 

Tech giants such as Nuance Communications (NASDAQ: NUAN) and Palantir Technologies (NYSE: PLTR) will be reporting earnings later this week. Sure, both companies focus on different end markets, but businesses and consumers rely heavily on their tech, nonetheless. Given their current positions in their respective industries, both companies’ shares could be on investors’ radars this week. As it stands, NUAN stock and PLTR stock are up by over 100% in the past year.

Aside from the current earnings season, tech companies related to cryptocurrencies also appear to be on the rise. Be it Ethereum surpassing the $4,000 mark for the first time or Dogecoin’s massive swings over the weekend, investors appear to be more receptive towards these digital assets than where we were one year ago. By and large, there appears to be no shortage of exciting news in the world of tech today. Having said all that, here are four tech stocks to watch on the stock market now.

Best Tech Stocks To Watch Right Now

Coinbase Global Inc.

Coinbase is a tech company that operates a cryptocurrency exchange platform. The company boasts approximately 56 million verified users, 7,000 institutions, and 115,000 ecosystem partners in over 100 countries. In essence, the company is building a crypto economy that is efficient and a more transparent financial system enabled by crypto. Fresh off its IPO last month, could strong cryptocurrency growth translate to big gains for Coinbase?

coinbase IPO (COIN stock)

Coinbase is reporting its earnings on May 14 after the closing bell. Last month, the company announced its estimated first-quarter financials and also provided its outlook for the full year of 2021. Firstly, Coinbase expects a trading volume of $335 billion for the quarter. Total revenue for the quarter is approximately $1.8 billion.

Secondly, it expects a top-line income of $800 million. Being a major cryptocurrency exchange, the fortunes of Coinbase will likely move closely with the prices of major cryptocurrencies. Besides, if more investors decide to trade cryptocurrencies, Coinbase would also see more business. Given all of this, will you be watching COIN stock ahead of its earnings this week?

[Read More] Best Stocks To Invest In Right Now? 4 Cybersecurity Stocks To Consider

Salesforce.com Inc.

Salesforce is a cloud-based software company headquartered in San Francisco, California. Basically, the company provides customer relationship management (CRM) service and also provides a complementary suite of enterprise applications focused on customer service, analytics, and application development. Recently, the company announced that it has been ranked as the #1 CRM provider by International Data Corporation (IDC) in its latest Worldwide Semiannual Software Tracker for the eighth consecutive year. The company is slated to report its earnings on May 27, with $0.42 of net income expected on $5.89 billion of revenue.

best cloud stocks to buy (CRM stock)

It is no surprise as Salesforce continues to grow its overall market share position. In the last year, it had increased its revenue more than any other CRM vendor. IDC data also shows that Salesforce is the market share leader for sales applications, customer service applications, model-driven application platforms, and marketing applications.

Last month, the company also introduced Digital 360 for Industries. The platform helps companies deliver better experiences faster with industry apps and developer tools. It can be deployed for consumer, health care, and financial services segments among others. With that in mind, will you add CRM stock to your portfolio?

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Riot Blockchain Inc.

Riot is a bitcoin mining company. It supports the rapidly expanding industrial-scale mining of the Bitcoin blockchain in the U.S. The company focuses on expanding its operations by increasing its bitcoin mining hash rate while decreasing its costs of production. Riot has invested heavily in its mining equipment and facility to improve its efficiency. More impressively, the company has already hit GAAP profitability and will continue to increase revenues at an impressive pace should the momentum continue.

top cryptocurrency stocks (RIOT stock)

Last month, the company provided a production update for March 2021. Riot produced a total of 187 BTC in March, an 80% increase year-over-year. For the entire first quarter, the company produced an impressive 491 BTC, which is a 75% increase year-over-year.

Earlier in the same month, it also announced a large-scale contract for the purchase of 42,000 S19j Antminers from Bitmain Technologies. The company expects to receive them by the end of 2022. This would represent a 93% increase over the company’s previously estimated committed hash rate capacity by October 2021. All things considered, will you watch RIOT stock amid the strong market appetite towards crypto?

[Read More] 4 Renewable Energy Stocks To Consider Buying Right Now

Penn National Gaming Inc.

Last but not least, we will be looking at Penn National Gaming (PENN). For the uninitiated, PENN is a juggernaut in the online sports betting industry now. According to PENN’s estimates, it boasts the largest and most diversified regional gaming footprint in the U.S. In terms of scale, the company operates out of 41 properties across 19 states. Sure, PENN stock may not conventionally be thought of as a tech stock.

best online casino stocks to buy now (PENN stock)

However, PENN’s operations are becoming increasingly reliant on the digital medium as online gaming trends continue to gain momentum. Despite shedding more than 30% of its value since March, PENN stock is still up 350% over the past year. 

Recently, news broke of PENN acquiring real money gaming company, HitPoint Studios. Subsequently, the acquisition would go towards supporting PENN’s newly launched Penn Game Studios (PGS). What is PGS, might you ask? In short, PGS is an in-house content development team, focusing on creating “exclusive iCasino content” for consumers. It seems that PENN has no plans on losing its current lead in the digital gaming industry now. At the same time, the company has also been expanding its brick-and-mortar operations. We can see this as PENN is opening up applications for jobs at its upcoming Hollywood Casino York. With the company firing on all cylinders now, will you be adding PENN stock to your watchlist?

The post Top Stocks To Watch This Week? 4 Tech Stocks In Focus appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Top Retail Stocks To Buy This Week? 4 To Know https://stockmarket.com/featured/top-retail-stocks-to-buy-this-week-4-to-know-2021-05-10 https://stockmarket.com/featured/top-retail-stocks-to-buy-this-week-4-to-know-2021-05-10#respond Mon, 10 May 2021 19:55:04 +0000 https://stockmarket.com/?p=71950 As April’s retail sales figures loom over the horizon, these retail stocks could be in focus.

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Are These Retail Stocks Worth Investing In Now?

While tech stocks may be off to a rough start in the stock market this week, investors may want to consider turning their attention to retail stocks. Why? Well, for starters, we will be getting a closer look at retail sales figures for April this week. Some would argue that solid results on this end could further support the current movement into reopening stocks. For one thing, investors appear to believe so. Namely, CNBC’s Jim Cramer had this to say, “I’d argue retail’s the real comeback story right now.” Seeing as this part of the stock market is made up of a wide variety of companies, investors would have plenty of options to choose from now.

On one hand, you have conventional retail players who remain on the uptrend as pandemic restrictions lessen. Take Funko (NASDAQ: FNKO) and L Brands (NYSE: LB) for example. Both companies would stand to benefit from more consumers visiting their brick-and-mortar stores now. As it stands both FNKO stock and LB stock are currently looking at gains of over 400% in the past year. On the other hand, there are e-commerce giants such as Etsy (NASDAQ: ETSY) and Pinduoduo (NASDAQ: PDD) as well. Sure, both companies’ shares have taken a breather from their pandemic highs. But, e-commerce will remain the more convenient method for consumers to shop, nonetheless. This would be the case seeing as countless consumers have and continue to rely on e-commerce services throughout the pandemic.

Overall, you could say that retail remains a viable industry across the board right now. As a result, I could see investors looking for the best retail stocks to buy this week. On that note, here are four top retail stocks worth taking note of in the stock market today.

Best Retail Stocks To Buy [Or Sell] Right Now

Nike Inc.

Nike is a retail giant that develops and sells athletic apparel and equipment. In essence, it is the world’s largest supplier of athletic shoes and apparel. It is a major manufacturer of sports equipment and is considered one of the most valuable brands among sports businesses. Nike markets its products under its own brand, as well as Nike Golf, Air Jordan, Air Force 1, Air Max, and Nike CR7 among others. NKE stock currently trades at $136.81 as of 3:49 p.m. ET.

top retail stocks (NKE stock)
Source: TD Ameritrade TOS

In March, the company reported its third-quarter financials for fiscal 2021. Firstly, Nike reported a revenue of $10.4 billion for the quarter, a 3% increase compared to the prior year. Its Nike Direct sales were $4 billion, up by 20% on a reported basis. Its digital sales increased by 59% given the circumstances of the coronavirus pandemic. Secondly, net income for the quarter was $1.4 billion, a 71% increase or a diluted earnings per share of $0.90. This could imply that Nike’s brand momentum is as strong as ever and it continues to drive focused growth in its largest opportunities. With that being said, will you consider adding NKE stock to your portfolio?

[Read More] Best Stocks To Invest In Right Now? 4 Cybersecurity Stocks To Consider

JD.com Inc.

JD is a leading technology-driven e-commerce company that is transforming to become a leading supply chain-based technology and service provider. To start things off, the company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever they want it. Part of its Retail-as-a-Service offering includes opening its technology and infrastructure to partners and brands. It is also one of the largest retailers in China. JD stock currently trades at $71.48 as of 3:50 p.m. ET.

retail stocks (JD stock)
Source: TD Ameritrade TOS

The company reported its fourth-quarter and full-year 2020 financial results in March. Impressively, it reported a net revenue of $34.4 billion for the quarter, a 31.4% increase from a year ago. Net income attributable to ordinary shareholders for the quarter was $3.7 billion. Its annual active customer accounts increased by 30.3% to 471.9 million year-over-year. With a strong momentum going into 2021, the company says it will continue to invest in innovative, high potential businesses to drive long-term sustainable growth. Given this piece of news, is JD stock a top retail stock to consider buying?

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Peloton Interactive Inc.

Peloton is an exercise equipment and media company that is based in New York City. The company has a leading interactive fitness platform that boasts over 5.4 million members. It has essentially reinvented the fitness industry. Peloton does this by developing a first-of-its-kind subscription platform that seamlessly combines its exercising equipment, proprietary networked software, and world-class streaming digital fitness content. PTON currently trades at $87.78 as of 3:49 p.m. ET.

best retail stocks to buy now (PTON stock)
Source: TD Ameritrade TOS

Last week, the company reported its third-quarter financials, much to investors’ delight. Total revenue for the quarter was $1.26 billion, an increase of 141% year-over-year. This was driven by strong demand for its Connected Fitness Products and an acceleration of deliveries as a result of expedited shipping investments. Its Connected Fitness Subscription grew by 135% to over 2.08 million and paid Digital Subscriptions grew by a whopping 404%. With such impressive financials, will you consider buying PTON stock?

[Read More] Hot Stocks To Buy? 4 Growth Stocks To Watch

Alibaba Group Holding Ltd

Among the e-commerce players in China, few can compare to the likes of Alibaba Group. If anything, most would consider Alibaba the Chinese counterpart to Amazon (NASDAQ: AMZN). Understandably, both are multinational tech companies that have expanded beyond their core e-commerce divisions.

BABA stock
Source: TD Ameritrade TOS

In terms of scale, Alibaba reported a whopping total revenue of $34.45 billion in its recent quarter fiscal. On top of that, the company also saw its earnings per share surge by over 47% year-over-year as well. With Alibaba set to report its full fiscal year 2021 figures on Wednesday, investors could be watching BABA stock right now.

On the operational front, the company continues to make impressive strides forward. Late last month, Alibaba’s Taobao platform announced plans to “supercharge” its e-commerce ecosystem. In short, Taobao is planning to support 2,000 live stream channels and help 200 platform partners boost their annual sales significantly. By and large, this would serve to improve Alibaba’s relations with existing merchants. The company seems confident about its current strategy and appears to be doubling down on it. Time will tell if this will pay off for Alibaba in the long run. In the meantime, would you consider BABA stock a buy?

The post Top Retail Stocks To Buy This Week? 4 To Know appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Best Stocks To Invest In Right Now? 4 Cybersecurity Stocks To Consider https://stockmarket.com/featured/best-stocks-to-invest-in-right-now-4-cybersecurity-stocks-to-consider-2021-05-10 https://stockmarket.com/featured/best-stocks-to-invest-in-right-now-4-cybersecurity-stocks-to-consider-2021-05-10#respond Mon, 10 May 2021 16:35:56 +0000 https://stockmarket.com/?p=71936 While these cybersecurity names deliver on digital security, are they worth watching amid the Colonial ransomware attack?

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Do You Have These Trending Cybersecurity Stocks On Your May 2021 Watchlist?

As we begin another week of trading, cybersecurity stocks could be among the top stocks to buy in the stock market right now. This could be a result of the recent cybersecurity attack on Colonial Pipeline, the operator of the largest U.S. fuel pipeline. Namely, Colonial Pipeline was hit with ransomware over the weekend, forcing all operations to a screeching halt. Just how bad is the damage here? Well, in particular, the company is responsible for supplying nearly half of the East Coast’s fuel supply. Given the severity of this cyberattack, the top cybersecurity stocks would be in the spotlight now.

Evidently, as the number of cyber threats in our tech-dependent world rises, cybersecurity companies continue to evolve as well. For instance, we could look at the likes of Zscaler (NASDAQ: ZS) and Palo Alto Networks (NYSE: PANW). Just last month, both companies unveiled significant upgrades to their core services. On one hand, Zscaler announced a new platform designed to secure digital businesses. On the other hand, Palo Alto expanded its cloud offerings to help organizations secure any unprotected cloud workloads.

For one thing, the business world appears to be gearing up to navigate the dangers of the digital world now. This would especially be the case seeing as most companies are now operating digitally amidst the pandemic. Given all of this, I could see investors flocking to cybersecurity stocks moving forward. If you are looking to join them, here are four trending names to know in the stock market today.

Top Cybersecurity Stocks To Watch In May

Palantir Technologies Inc.

Palantir is a software company that builds enterprise data platforms. Its platforms are used by organizations with complex and sensitive data environments. The company’s products and services are used for a wide range of applications. From building safer cars and planes to combating terrorism and discovering new drugs, Palantir helps its customers across many sectors. PLTR stock currently trades at $18.82 as of 12:21 p.m. ET and has doubled in the last year. 

cybersecurity stocks to buy (PLTR stock)
Source: TD Ameritrade TOS

Last week, the company announced that it will be renewing its contracts with the United Kingdom’s Royal Navy for its Palantir Foundry platform. The navy uses the software across a broad spectrum of areas from strategic workforce planning to supply chain management and coronavirus response. Palantir has certainly been firing on all cylinders as it continues to forge new partnerships and extend old ones.

Last month, the company announced it has extended its digital transformation partnership with Ringier AG. Ringier is a digitalized and diversified Swiss media company. Given the excitement surrounding Palantir and the recent dip in valuation, will you consider buying PLTR stock?

[Read More] Best Copper Mining Stocks To Buy In 2021? 4 To Watch This Week

CACI International Inc.

CACI is a cybersecurity company that provides unique expertise and distinctive technology to address its customers’ greatest enterprise and mission challenges. The company provides many services to the branches of the U.S. federal government. Namely, this would include defense, homeland security, intelligence, and health care. CACI stock currently trades at $265.34 as of 12:21 p.m. ET. Late last month, the company announced that it was awarded a $447 million contract by the National Security Agency. CACI will provide process and mission technology in support of the signals intelligence and cybersecurity missions that provide its military the means to defend vital networks.

best cybersecurity stocks to watch (CACI stock)
Source: TD Ameritrade TOS

The company also reported its third-quarter financials last month. Net income for the quarter was $120.3 million, a 49.4% increase year-over-year. It also reported quarterly revenue of $1.9 billion, up by 5.9% year-over-year. Impressively, it also ended the quarter with $108.7 million in cash.

Contracts awarded for the quarter were worth $1.6 billion, approximately 60% were new business to the company. These awards exclude ceiling values of multi-award, indefinite-delivery, indefinite-quantity contracts. The company has delivered solid organic growth and continues to show strong profitability. All things considered, will you watch CACI stock?

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Okta Inc.

Okta is a company that provides cloud software that helps companies manage and secure user authentication into applications. It also helps developers to build identity control into their applications, website web services, and devices. With over 3,600 employees around the world, the company has over 10,000 customers on the Okta Platform. OKTA stock currently trades at $232.94 as of 12:22 p.m. ET.

top cybersecurity stocks to watch (OKTA stock)
Source: TD Ameritrade TOS

In March, the company reported strong fourth quarter and fiscal year 2021 financial results. Firstly, its fourth-quarter revenue grew by 40% year-over-year. Subscription revenue grew by 42% in that same period. Its fiscal year 2021 revenue totaled $835 million and grew by 43% as well year-over-year. Also, its remaining performance obligations or subscription backlog was $1.8 billion, an increase of 49% year-over-year. It also ended the year with $2.56 billion in cash. With that in mind, will you add OKTA stock to your watchlist?

[Read More] Hot Stocks To Buy? 4 Growth Stocks To Watch

CrowdStrike Holdings Inc.

Another top name in the cybersecurity industry now would be CrowdStrike. For the uninitiated, the company primarily provides cloud workload and endpoint security, threat intelligence, and cyberattack response services. Not only is CrowdStrike a global cybersecurity leader, but it also boasts experience dealing with cyber threats of massive scales. Recall the massive cyberattack spanning the federal and private sectors that occurred late last year. Notably, CrowdStrike played a crucial role in understanding the full scope of the attack. Sure, thanks to all this, CRWD stock is currently looking at gains of over 130% in the past year. With the latest cyberattack, could investors be eyeing it again?

best cybersecurity stocks to buy now (CRWD stock)
Source: TD Ameritrade TOS

For the most part, CrowdStrike appears to be keen on keeping up its current momentum. Earlier today, the company revealed that it would be extending its existing partnership with Google’s (NASDAQ: GOOGL) Google Cloud division. Specifically, the duo aims to “tightly integrate” the CrowdStrike Falcon platform with Google Cloud’s suite of security products. According to CrowdStrike, this will help maintain high levels of security across any shared customers’ entire cloud or hybrid environments.

By and large, this is a fantastic play by CrowdStrike, given the rising demand for cybersecurity services. Not to mention, it is partnering with one of the biggest names in tech. Given all of this, will you be adding CRWD stock to your portfolio?

The post Best Stocks To Invest In Right Now? 4 Cybersecurity Stocks To Consider appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Best Communication Stocks To Watch Right Now https://stockmarket.com/featured/best-communication-stocks-to-watch-right-now-2021-05-10 https://stockmarket.com/featured/best-communication-stocks-to-watch-right-now-2021-05-10#respond Mon, 10 May 2021 14:57:56 +0000 https://stockmarket.com/?p=71923 With the importance of communication services, is it worth investing in communication stocks?

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These Communication Stocks Are Trending In The Stock Market This Week

In a world where social distancing is a necessity and countries around the world moving in and out of lockdown, alternative ways of communication become even more important. This is where communication stocks come into the limelight in the stock market. These include companies from telecommunications to social media and news outlets. The sector has evolved as the pandemic affected everyone’s lives. Fortunately, it evolved for the better, as it allowed people to explore other ways of communication. For instance, online services are being utilized more than ever after the world went into lockdown. Hence, many top communication stocks increased in value on rising demand for their services. 

Take Twitter Inc (NYSE: TWTR) and Snap Inc (NYSE: SNAP) for example. People who invested in these two companies over the past year would’ve seen significant profit. SNAP stock has risen by over 200% for the past year while TWTR stock has risen by over 80% in the same period. Thus, it is understandable that investors would be keen to invest in the top communication stocks in the stock market today. In light of that, here are four names you should be aware of. 

Top Communication Stocks To Watch Now

Zoom Video Communications Inc 

Zoom Video Communications is a provider of video-first communication platforms and web conferencing services. It offers a cloud-native platform, which unifies cloud video conferencing, online meetings, group messaging, and a software-based conference room system. This enables users to easily experience Zoom Meetings in their physical meeting spaces. There are not many companies that have benefitted from the global pandemic as much as Zoom. However, ZM stock has been trading sideways since the start of the year. This is likely due to COVID-19 restrictions easing up and people going back to in-person work. Naturally, investors may not be feeling too optimistic about ZM stock. 

best software stocks (ZM stock)

It’s worth pointing out that the management is currently projecting that revenue will grow 42% in fiscal 2022 to $3.77 billion. On top of that, Zoom is also introducing other growth initiatives such as Zoom Phone. So chances are, there is still space for growth ahead of this business. Last week, cybersecurity company Safeguard Cyber announced the introduction of its new Advanced Governance for Zoom Video Communications extension.

This augments the collaboration platform’s native security and compliance capabilities. With access to Zoom’s archive API, Safeguard delivers added security, cyber defense, compliance, and data protection. Given how important cyber-security is, this could ease users’ minds and could even encourage more users to use its platform. All things considered, is this a buying opportunity for ZM stock? 

[Read More] Stocks To Buy This Week? 4 Travel Stocks To Watch Before The Summer

Roku Inc 

Next on the list, we have the pioneers of streaming on TV, Roku. The company produces streaming hardware and manages its proprietary streaming platform. Furthermore, it allows content publishers to build and monetize large audiences and provides advertisers with unique capabilities to engage consumers. In a nutshell, Roku facilitates content from other mainstream streaming services. This would include Netflix (NASDAQ: NFLX), Apple TV (NASDAQ: AAPL), and Disney+ (NYSE: DIS). Subsequently, the company receives a cut of subscription fees paid through its platform while gaining ad revenue from its free content. Hence this would put Roku in a strong position for growth regardless of which streaming company comes out on top. 

best communication stocks to buy (ROKU stock)

It is no secret that ROKU stock has been performing relatively well for the past year. It is seeing gains of over 140% in this period. On top of that, the stock has been up by 11.55% upon Friday’s closing bell. This was likely driven by the recent first-quarter results announced by the company. In the report, revenues skyrocketed 79% from the year-ago quarter to $574.2 million.

Furthermore, usage was strong, it added 2.4 million accounts in the quarter, the number of accounts on the platform grew by 35% year-over-year. As it stands, Roku operating system (OS) is the number 1 smart TV OS in the U.S. All this coupled with the company’s profitability profile serves as a reminder to investors that Roku is well-positioned for the future. With that in mind, is ROKU stock a buy for you now?

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iHeartMedia Inc 

iHeartMedia is an audio media company that operates through two sectors: the music collection sector and the companionship sector. Its leadership position in audio extends across multiple platforms including more than 860 live broadcast stations. The company’s iHeartRadio digital service is available across more than 250 platforms and 2,000 devices including smart speakers, smartphones, TVs, and even gaming consoles. As it stands, IHRT stock has been up by a staggering 240% over the past year. 

best communication stocks (IHRT stock)

Last Friday, iHeartMedia announced its first-quarter earnings, where it posted revenue of $706.67 million. The digital audio group maintained strong growth and profit trajectory, where revenues were up by 70% year-over-year. On top of that, podcast revenue was up by 142% for the past year.

Moving forward, the company launched the first-of-its-kind Private Marketplace for brands last week. This will allow brand advertisers to compose their specific audience targets and pricing depending on their marketing needs. Given the potential for growth within the industry, will you consider IHRT stock a top communication stock to buy?

[Read More] Hot Stocks To Buy? 4 Growth Stocks To Watch

Facebook, Inc 

To finish off the list, we have the social media giant that needs no introduction, Facebook. Impressively, the company’s products empower over 3 billion people around the world. Also, over 200 million businesses use its apps to connect with customers and grow.

top social media stocks to watch (fb stock)

Consumers from the U.S. indeed do most of their internet shopping with established platforms run by companies like Amazon.com Inc (NASDAQ: AMZN). However, in other regions of the world such as Southeast Asia, almost half of all e-commerce takes place through social media or chat rooms including on Facebook’s apps. Social commerce accounted for about 44% of Southeast Asia’s $109 billion e-commerce market last year, according to Bain & Co. 

From here, we can see that Facebook is not just a communication juggernaut, but it thrives in other areas as well. In April, the company announced its first-quarter earnings. It reported a revenue of $26.17 billion for the quarter, which was up 48% compared with the prior year. Also, net income grew by a whopping 94% to $9.5 billion. Given the endless possibilities with Facebook, would you be investing in FB stock?

The post Best Communication Stocks To Watch Right Now appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Stocks To Buy This Week? 4 Travel Stocks To Watch Before The Summer https://stockmarket.com/featured/stocks-to-buy-this-week-4-travel-stocks-before-the-summer-2021-05-10 https://stockmarket.com/featured/stocks-to-buy-this-week-4-travel-stocks-before-the-summer-2021-05-10#respond Mon, 10 May 2021 12:06:12 +0000 https://stockmarket.com/?p=71910 Travel stocks are rising again, do you have these on your list?

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4 Top Travel Stocks To Consider Buying Ahead Of The Summer

For investors currently looking for stocks to buy in the stock market today, travel stocks often come to mind. There are plenty of things that could cause a stock to take off. But with travel stocks, those factors can be similar across the board. For this reason, investors betting on reopening plays amid the ramp-up in vaccination efforts might want to consider tourism stocks. 

No doubt, the travel industry took a hit from the coronavirus pandemic. Looking at the ETFMG Travel Tech ETF (NYSE: AWAY), the sector had the sharpest decline of 50% in March 2020. However, some of the top travel stocks have been soaring and are going above their pre-pandemic levels. Yes, the benchmark for the travel sector has improved. But some of the biggest names among the airlines and cruise stocks have yet to see their fundamentals recovering fully.

One thing we can be relatively sure of is, the chances of the biggest names staying down forever are quite remote. In fact, there’s already some momentum building in the industry. Even before the pandemic was ebbing, investors had been flocking back into travel stocks. Many see them as cheap stocks to buy, others simply see them as having great potential due to the pent-up demand. The journey in investing in travel stocks may be a slow one. But for investors with a longer time horizon, some travel stocks are still trading at a steep discount. With all that in mind, do you have a list of the best travel stocks to buy in the stock market now?

Best Travel Stocks To Buy [Or Sell] Right Now

Airbnb

First up, newly public vacation rental company Airbnb could arguably be a good travel stock to watch as the economy reopens. The company has already been disrupting the hotel and short-term property rental markets for years. With more individuals now vaccinated and are all excited for summer, the company’s recovery prospects have brightened. The company is also slated to report its earnings on May 13. 

travel stocks (ABNB stock)
Source: TD Ameritrade TOS

Pent-up demand for travel is clearly there and the ongoing vaccinations provide hopes of a speedy reopening. However, some could still be cautious about going to more densely populated areas. This is where Airbnb has an advantage over hotels. Adding to that, Airbnb also offers a more affordable vacation experience which only encourages travelers to use its platform. Airbnb is certainly poised for strong growth when the economy reopens. With that in mind, would you be adding ABNB stock to your portfolio today?

[Read More] 4 Health Care Stocks To Watch This Week

Walt Disney

Among travel-related stocks, Disney has been a standout during the pandemic. Over the past year, the stock has risen by over 70%. For one, investors are increasingly optimistic with DIS stock as the theme parks may reopen sooner than expected with the current vaccination efforts. However, what’s really driving DIS stock was because of its massive success in its streaming business, Disney+. After adapting its massive media portfolio to fit the streaming mold, Disney continues to make it big with homebound consumers. The entertainment giant will be reporting its earnings on May 14 after the market closes.

best travel stocks (DIS stock)
Source: TD Ameritrade TOS

Disney+’s ability to boast a total global subscriber count of 100 million subscribers is something worth cheering on. Management expects it to boast 230 million to 260 million subscribers by 2024. Now, as travel is expected to come back in full swing, it will provide yet another boost to the company. Considering the continuous growth in its streaming business coupled with the pent-up demand in its physical entertainment business, would you consider DIS stock a top travel stock to buy now?

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Carnival Corp.

Coming up next, Carnival is a leisure travel company that has been in the limelight recently. In essence, the company is a cruise company and a provider of vacations to all cruise destinations throughout the world. With many cruise-line companies seeing a remarkably strong booking situation, it should not come as a surprise that investors are bullish on cruise-line stocks. Admittedly, CCL stock may have faced numerous resistance to really take off despite strong bookings. But that could change as things return to normalcy gradually. 

top travel stocks to buy (CCL stock)
Source: TD Ameritrade TOS

Recently, the company announced that its Costa Cruises has unveiled its 2021 cruise vacations in the Mediterranean. It has also been making huge plays ahead of reopening by July. To assure customer safety, the company will include enhanced health and safety procedures for all aspects of its cruise experience. This is crucial because as the world reopens, companies like Carnival must prioritize public health while restoring consumer confidence and driving global economic recovery in the travel and tourism industries.

Carnival also announced that its Seabourn ultra-luxury cruise line has partnered with the government of Barbados to restart guest sailings. Given all these reopening plays by the company, will you consider buying CCL stock?

[Read More] Best Copper Mining Stocks To Buy In 2021? 4 To Watch This Week

Southwest Airlines

With air travel demand remaining relatively depressed, Southwest Airlines continues to push forward with its expansion strategy. Since the start of the year, LUV stock has risen by over 35%. Impressively, Southwest Airlines reported first-quarter profit recently, making it the first airline to report quarterly profit since early last year. If anything, this is an extremely positive sign for the industry battered heavily by the insidious coronavirus. The budget airline has been making headlines by announcing new potential markets. That was when its competitors had been cutting down flying routes and frequencies.

travel stocks to buy now (LUV stock)
Source: TD Ameritrade TOS

Of course, any expansion involves risk. Although the airline may be a discounter, Southwest’s cost structure is somewhat higher than a number of low-cost rivals. Nevertheless, the airline appears to be taking advantage of its balance sheet to capture a larger market share in the U.S. aviation market. And it appears to be working thus far. Now, as Southwest starts to bring back its pilots and flight attendants as travel demand recovers, will LUV stock be an attractive option among the reopening plays?

The post Stocks To Buy This Week? 4 Travel Stocks To Watch Before The Summer appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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4 Health Care Stocks To Watch This Week https://stockmarket.com/featured/health-care-stocks-to-watch-this-week-2021-05-09 https://stockmarket.com/featured/health-care-stocks-to-watch-this-week-2021-05-09#respond Sun, 09 May 2021 14:36:28 +0000 https://stockmarket.com/?p=71894 With health care being the center of attention globally, will these health care stocks continue to grow?

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Are These Top Health Care Stocks Still A Good Investment Right Now? 

As an investor in the stock market, health care stocks are always enticing. After all, medical care is a necessity for everyone at some point. This could range from the usage of drugs, surgeries, and even medical insurance. So if you’re one who believes in investing in what you know, health care is usually quite relatable. Besides that, there are economic reasons behind investing in health care stocks as well. For many years now, health care costs have exceeded the rate of inflation. National health spending in the U.S. is projected to reach $6.2 trillion by 2028. 

In this day and age, any company with exciting new developments often sees strong bullish movements in its stock price. Take Novavax Inc (NASDAQ: NVAX) as a prime example. Its COVID-19 vaccine has not even received FDA authorization. But its stock price has already risen by over 900% in the past year. On top of that, it is exciting for investors to monitor the development of the company’s plans to combine the COVID-19 vaccine and flu vaccine into a single shot. Imagine the explosion of growth for the company once all its products obtain the necessary approvals and enter the market. Considering all these, let us look at some of the top health care stocks in the stock market today.  

Top Health Care Stocks To Watch Right Now

UnitedHealth Group Inc 

First, to make the list, we have UnitedHealth Group. The company is a health and well-being company that operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. Being one of the largest market cap companies in the health care industry, UnitedHealth is committed to developing the next-generation health system. This includes the improvement of health care access and affordability, enhancing the health care experience, and achieving better health outcomes for individuals it serves. UNH stock has been on a bullish run for the past year, rising by over 40% in the period. 

health care stocks (UNH stock)
Source: TD Ameritrade TOS

The company announced its first-quarter earnings report in April. Revenues grew by 9% to $70.2 billion, largely led by growth at Optum and UnitedHealthcare. Furthermore, earnings from operations grew by an impressive 35% to $6.7 billion. The company is now focusing on encouraging and helping people to obtain the care they need, including vaccinations. Also in April, the Ohio Department of Medicaid chose UnitedHealthcare to serve individuals covered by Medicaid.

Now, people in Ohio will have access to UnitedHealthcare’s comprehensive and preventive health and wellness programs. Given how much growth potential resides with the company, would you add UNH stock to your watchlist?

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Ultragenyx Pharmaceutical Inc 

Ultragenyx Pharmaceutical Inc. is a clinical-stage biopharmaceutical company. In summary, the company focuses on the management of genetic diseases. The company has built a diverse portfolio of approved therapies and product candidates aimed at addressing diseases with high unmet medical needs and clear biology for treatment. Ultragenyx markets three drugs, Crysvita, Mepsevii, and Dojolvi. RARE stock has been trading sideways since the start of the year. However, it has risen over 9% after the company announced its first-quarter earnings report on Wednesday. 

top health care stocks (RARE stock)
Source: TD Ameritrade TOS

In the first quarter, revenue came in 173.7% higher year over year to $99.4 million. This is driven by strong launches for Dojolvi and Crysvita. Out of which, Crysvita’s total revenues were $46.0 million, up 46.3% year over year. This increase was driven by demand from pediatric and adult patients with X-linked hypophosphatemia and patients with tumor-induced osteomalacia. Ultragenyx also announced in April the successful completion of an End-of-Phase 2 meeting with the U.S. FDA for the DTX301 ornithine transcarbamylase deficiency gene therapy program. The Phase 3 study is expected to begin dosing as planned in the second half of 2021. Hence, with these exciting developments, could this be an opportunity to buy RARE stock now? 

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CVS Health Corp 

Next up, we have the pharmacy health care company, CVS Health. It owns the popular CVS Pharmacy retail chain. Also, the company has been a major provider of COVID-19 vaccines and recently began offering same-day appointments for the shots. CVS announced this week that it allows same-day scheduling, including appointments as soon as one hour from the time of scheduling. The company has surpassed 17 million COVID-19 vaccine doses administered. Second dose compliance is more than 90% at CVS Health locations. 

best health care stocks (CVS stock)
Source: TD Ameritrade TOS

CVS is yet another company that has reported its earnings this week. It reported a strong $69.1 billion in revenue, which outpaced analysts’ expectations of $68.39 billion. Also, net income was $2.22 billion, up by 10.4% from a year earlier. Despite having lower front store sales in the first quarter, CVS still manages to maintain its healthy growth. This is likely boosted by its participation in COVID-19 testings and vaccinations.

Furthermore, the company is constantly exploring the potential for technology-enabled innovations in digital health care. In line with this, the company launched a $100 million venture fund in late April. This fund will invest in and partner with high-potential, early-stage companies focused on making health care more accessible, affordable, and simpler. With all these in mind, would this make CVS stock a health care stock to watch?

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BioCryst Pharmaceuticals, Inc 

Last on the list, we have the biotech company, BioCryst. It focuses on the treatment of rare diseases. BioCryst designs and develops small molecule drugs that block enzymes involved in the pathogenesis of the disease. BCRX stock soared by 20.97% on Thursday’s trading session. This is following its announcement on its first-quarter earnings update. Investor appears to be responding favorably to the reported total revenue of $19.1 million, double that of the consensus of Wall Street revenue estimate. The strong sales of the drug Orladevo appear to be the driving force of its strong quarter. It is a drug for the treatment of hereditary angioedema. 

health care stocks (BCRX stock)
Source: TD Ameritrade TOS

In April, the company received two huge boosts for the aforementioned drug. It received approval for usage from the Japanese National Health Insurance System. This makes Orladeyo the first and only approved prophylactic therapy for hereditary angioedema in Japan. Also, it received approval for the same drug from the European Commission for patients 12 years and older. These developments will allow physicians to offer new treatment options for their patients as well as preventive therapies. So, given the rapid adoption of the company’s product globally, is BCRX stock worth investing in?

The post 4 Health Care Stocks To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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