Tag Archives: analyst

Square (SQ) stock took off in 2020. Boosted by the rise of digital payments and the increasing adoption of its peer-to-peer Cash App, investors sent shares up by a massive 245% throughout the year. Square’s success has been boosted by Bitcoin. Apart from the huge investment Square made last year by purchasing BTC worth $500 million (worth considerably more now), part of the Cash App’s appeal is for the easy way users can buy and sell Bitcoin. With the leading cryptocurrency breaching new… Source link

The major U.S. equity-indexes are hovering around all-time highs, and a question that frequently pops up these days, is whether some companies’ valuations might be overstretched. However, some operate at the opposite end of the spectrum, and could yet offer investors untapped opportunities. H.C. Wainwright analyst Ram Selvaraju points in the direction of Sorrento Therapeutics (SRNE), as one such company. Selvaraju rates SRNE a Buy along with a $30 price target, which implies a 275% upside… Source link

Mike Babcock is emerging from exile. NBC, the NHL’s U.S. broadcasting partner, announced Monday that the former Detroit Red Wings and Toronto Maple Leafs head coach, and two-time Olympic gold medal-winning bench boss with Canada, has signed on as a studio analyst for the upcoming season. Babcock will, in a way, take the seat from Mike Milbury, who NBC chose not to retain for this upcoming season for reasons that presumably include the sexist comment he uttered on air during the first-round… Source link

TipRanks 3 “Strong Buy” Stocks with Over 9% Dividend Yield Markets ended 2020 on a high note, and have started 2021 on a bullish trajectory. All three major indexes have recently surged to all-time highs as investors seemingly looked beyond the pandemic and hoped for signs of a rapid recovery. Veteran strategist Edward Yardeni sees the economic recovery bringing its own slowdown with it. As the COVID vaccination program allows for further economic opening, with more people getting back to… Source link

TipRanks Oppenheimer: These 3 Stocks Could Spike Over 80% Wall Street’s best firms don’t just look at the stocks, they look at the big picture, too. And Oppenheimer’s chief investment strategist, John Stoltzfus, is particularly adept at showing us the macro view. In his first note of the new year, Stoltzfus notes a series of factors that are going to impact the markets. The big news, of course, the 800-pound gorilla that cannot be ignored, is the ongoing COVID epidemic. The disease is… Source link

TipRanks 3 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ A new year, a new addition to the stock portfolio – what can make more sense than that? The right time to buy, of course, is when stocks are priced at the bottom. Buying low and selling high may be a bit hackneyed, but it’s true, and truth has staying power.But the markets are up. The NASDAQ rose 43% in 2020, and the S&P 500 showed a gain of 16%. With a market environment like that, finding stocks that are caught in… Source link

TipRanks J.P. Morgan: 2 Cruise Line Stocks to Bet on (And 1 to Avoid) The coronavirus pandemic crisis shows no signs of abating, even with a vaccine coming on to the markets. We’re still facing severe social lockdown policies, with a number of states (such as California, Minnesota, and Michigan) forcing even harsher restrictions on this round than previously.It’s a heavy blow for the leisure industry that is still reeling from one of the most difficult years in memory. The difficulties… Source link

InvestorPlace 7 Canadian Stocks That Are the Feather in America’s Hat As someone who lives and breathes the Canadian way of life, I often get called on by InvestorPlace to write about Canadian stocks to buy.  Some obvious names that trade on the New York Stock Exchange or the Nasdaq come to mind. Many of them depend on America for much of their livelihood. It’s why the latest U.S. election cycle has been mesmerizing television for Canadian business executives.  In November, CEOs across… Source link

Tesla (TSLA) has been one of the hottest stocks of 2020, with share prices skyrocketing 582% just this year. But at least one analyst says the electric vehicle company’s price is too high, contending it should be worth between $60 to $80 rather than more than $600 a share. Gordon Johnson, founder and CEO of GLJ Research, told Yahoo Finance Live on Monday that Tesla’s lofty valuation will soon come crashing down, with a number of factors weighing on the company’s stock price. Those… Source link

Per the usual, it has been a year of twists and turns for the tech sector. Companies such as Zoom (Yahoo Finance Company of the Year) and Slack (which will soon be part of Salesforce) have become household names and vital communication tools with people stuck inside during the COVID-19 pandemic. Demand for notebook computers has gone through the roof with employees working from home, benefiting companies like Dell and HP. The shift to the cloud has only accelerated this year in large part… Source link