10.01k followers • 21 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have been oversold as indicated by the RSI momentum indicator within the last week. A stock is oversold when the RSI is below 30. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Chunghwa Telecom Co., Ltd.
ZoomInfo Technologies Inc.
Match Group, Inc.
Horizon Therapeutics Public Limited Company
LHC Group, Inc.
DouYu International Holdings Limited
YETI Holdings, Inc.
Inovio Pharmaceuticals, Inc.
TFI International Inc.
Shift4 Payments, Inc.
Equinox Gold Corp.
Pacira BioSciences, Inc.
Investing in mega-trends early can result in big payoffs for investors. If you missed out, sometimes lightning strikes twice.
Many simply don't have sufficient growth opportunities. Here are three growth stocks you can buy right now that could make you crazy rich over the long run. Alteryx (NYSE: AYX) provides a solution for this all-too-common scenario.
Inovio Pharmaceuticals (NASDAQ: INO) has been grabbing a lot of headlines over the past few weeks, mostly thanks to its involvement in the race to find a vaccine for COVID-19. The company claimed to have come up with its potential vaccine, INO-4800, in a mere three hours after Chinese researchers publicly published the genetic sequence of the SARS-CoV-2 virus that causes COVID-19. Inovio initiated a phase 1 clinical trial for this vaccine in early April.
The path to a COVID-19 vaccine has started to come into view this week, following the stock-moving disclosures of preliminary clinical data for two candidates and a rigorous new regulatory road map from the Food and Drug Administration.
Investors were falling in love with Match Group (NASDAQ: MTCH) all over again in the first six months of the year as shares of the Tinder parent racked up a 12% gain, according to data from S&P Global Market Intelligence, even as the COVID-19 pandemic roiled the market. Match Group got off to a rough start in 2020. At the end of January, CEO Mandy Ginsberg said she would step down over health concerns and other personal issues.
Shares of MercadoLibre (NASDAQ: MELI) were climbing last month as the Latin American e-commerce operator continued to benefit from pandemic-related tailwinds. MercadoLibre kicked off the month on a strong note as BTIG raised its price target on the stock from $775 to $980 on June 1. Analyst Marvin Fong said that e-commerce adoption in Brazil, MercadoLibre's biggest market, had accelerated by four to five years because e-commerce's share of overall retail sales had climbed from 6% at the beginning of the year to 11% to 12% in April.
MercadoLibre, Inc.2.00% Convertible Senior Notes due 2028CUSIP BUENOS AIRES, Argentina, July 03, 2020 -- NOTICE IS HEREBY GIVEN, pursuant to Section 14.01(b)(iv).
Does Yeti (YETI) have what it takes to be a top stock pick for momentum investors? Let's find out.
It envisions being a top-10 restaurant brand, and the COVID-19 pandemic has done nothing to slow it down.
Delivery Hero stock climbed to record highs on Friday, as the German online takeout food company said orders had almost doubled amid the coronavirus pandemic.
YETI Holdings, Inc. (YETI) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Restaurant stocks are getting beat up again. But two stocks have soared despite Covid-19 surges and canceled reopenings.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
Shares of Pinduoduo (NASDAQ: PDD) were climbing to all-time highs today on a broader wave of gains among Chinese tech stocks. A strong June manufacturing report on Wednesday may have helped lift Chinese stocks. Pinduoduo said Wednesday morning that its founder and CEO, Colin Huang, would step down in a surprise move (he is only 40).
The Institute for Supply Management supplies a monthly look at the U.S. manufacturing market. In April, that index hit an 11-year low.But since then, the numbers have been rising. They're not going wild, but they're rising.You have seen this in the housing market where new home purchases are growing -- mortgage demand is increasing -- and in other spots that show the consumer moving back into the economy and taking advantage of low interest rates.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is why the consumer is so fundamental to the economy. When they are buying durable goods and housing, manufacturers benefit from the increased demand. * 7 Utilities Stocks to Buy With Reassuring Dividends These 7 American manufacturing stocks to buy now are benefiting from the expanding consumer demand for goods. And they should benefit further as the U.S. economy rights itself and starts to grow again. * Builders FirstSource (NASDAQ:BLDR) * AAON Inc (NASDAQ:AAON) * Generac Holdings (NASDAQ:GNRC) * Applied Materials (NASDAQ:AMAT) * YETI Holdings (NYSE:YETI) * Illinois Tool Works (NYSE:ITW) * Lumentum Holdings (NASDAQ:LITE)Remember many of these stocks were hammered over the spring when investors were still expecting the worst from the COVID-19 lockdowns. And right now, all of them are a "Buy" in the Portfolio Grader tool I use to find Growth Investor plays. Builders FirstSource (BLDR)Source: Shutterstock This likely isn't a name consumers know offhand, since it's fundamentally a supplier to the homebuilding market, supplying goods such as roof and floor trusses, vinyl windows, drywall and lumber.But it is a Fortune 500 company and does about $7 billion worth of business across more than 400 locations around the US.Again, you're not going to see a lot of advertising on television for BLDR, but it is a major homebuilding supplier in the U.S. That means when housing is growing, so is BLDR.The stock has been on a ride in the past year, growing well through the second half of 2019, only to erase much of those gains in March this year. But BLDR is up 80% in the past 3 months and still up 22% in the past 12 months. AAON Inc (AAON)Source: Shutterstock This firm specializes in commercial, industrial and residential HVAC. This is another sector that goes hand in hand with an expanding economy. New facilities need new equipment.Also, with low-cost loans available, upgrading old, inefficient equipment for more efficient HVAC can actually be cost-reducing in the long term. That also goes along with businesses that are expanding or downsizing their plants and offices.Remember, the locksdowns have sent many people home to work, which is also an ideal time to do the necessary upgrades to HVAC units. Work-from-home, to a much greater extent than it was pre-pandemic, is here to stay, and that's been a source of great buys for Growth Investor. * 7 Utilities Stocks to Buy With Reassuring Dividends AAON stock has stayed positive throughout the COVID-19 troubles and currently is up 10% year to date. It also offers a small 0.7% dividend, which is still better than a lot of CDs out there. Generac Holdings (GNRC)Source: Shutterstock As our world becomes more gadget-centered -- TVs, computers, smartphones, etcetera -- it also needs reliable sources of power to supply these devices and the equipment and devices that run them.Given that our power grid hasn't changed much from the grid that Thomas Edison helped develop, demand is beginning to outstrip supply increasingly often. And as we recently saw in California, harsh weather combined with stresses on this antiquated system can turn catastrophic.Many people are coming to realize that having back-up power when their utility goes down is a smart play. And that bodes well for leaders in the field such as Generac.The stock has taken off in the past few years as consumers and industrial clients see the need and value in being able to manage 'off the grid'. And it's also easier and more convenient than ever before to integrate backup power into your business set-up.GNRC is up 70% over the past year, 21% year to date. This is a long-term trend beyond the traditional business cycle. Applied Materials (AMAT)Source: michelmond / Shutterstock.com Usually when you think manufacturing, you think big machines, sparks and hard hats.Well at AMAT, it's more about lab coats and sterile rooms.Since 1967, AMAT has been a leading manufacturer of semiconductor equipment. They build the machines that etch, measure, inspect and conduct all other aspects of wafer production.Most tech investors think of chipmakers as the superstars of the industry, but it's behind the scenes players like AMAT that keep their stars burning. And being a key supplier for more than half a century in such a dynamic industry shows you that they're every bit as cutting edge as they used to be. That's a recipe for strong fundamentals and popularity with the "smart money" on Wall Street, which is where I find compelling opportunities for Growth Investor.Tech remains a cyclical industry. And right now, tech is hot. The S&P 500 has even adjusted its weighting to favor tech stocks. That's great news for AMAT. * 7 Utilities Stocks to Buy With Reassuring Dividends The stock is up 35% in the past 12 months, and still delivers a respectable 1.5% dividend. YETI Holdings (YETI)Source: David Tonelson / Shutterstock.com If the pandemic lockdown did one thing beyond flattening the curve, it was to drive cabin fever to a pitch like nothing has in recent memory.People were itching to get out of the house. And many, respecting the need for social distancing, didn't head to the cities, but instead to mountains and lakes and beaches.And the fact that they may have given up summer holidays or had fewer options to spend money, saw YETI as a great place to pick up on some premium outdoor recreation products.YETI is known for its top of the line coolers, drinkware and just about anything else outdoor gear oriented. It has also become somewhat of a status symbol brand among those in the know, which is a big deal for consumers with disposable income.The stock has been on a tear, up 136% in the past 3 months and 41% in the past year. This is the most directly consumer-driven stock of the bunch. Illinois Tool Works (ITW)Source: Casimiro PT / Shutterstock.com This firm has been around since 1912 -- that's the year Woodrow Wilson beat William Taft for the presidency.That's a long time to be making tools. At this point, the company carries a $55 billion market cap and is diversified across a number of industries, including electronics, automotive, food, polymers and welding.That kind of diversification is what has helped keep this giant so successful for so long. ITW isn't a sexy company by any means, but what it lacks in sizzle it makes up for in steak.The stock delivers a solid 2.4% dividend and has a proven record of weathering even the most catastrophic storms. Currently, it's up 17% for the past 12 months and 27% in the past 3 months. * 7 Utilities Stocks to Buy With Reassuring Dividends This is a safe port-in-the-storm stock that continues to perform quietly and consistently. And if you're looking for growth and income -- both key ingredients for any portfolio -- I've got more where that came from. Lumentum Holdings (LITE)Source: Michael Vi / Shutterstock.com One of the most fundamental advances in our digital world was discovering how to use light to transfer data. Photo optics had a huge beginning in the 1990s when it was still fairly theoretical and didn't have enough demand to support the expense.The sector had its reckoning when the dotcom bubble burst. But since then, it has continued to grow and mature.Now fiber optics are at the core of most high-power commercial and consumer telecom systems.LITE is a core provider of optical and photonics products. That means it provides the components and subsystems that move data around the country (and world) as well as building commercial grade lasers that are helping industries as diverse as sheet metal processing, precision machining, biotech and drilling circuit boards.The company started just 5 years ago and already has a $6 billion market cap -- that's some serious growth. In the past 12 months, LITE is up 50%, 18% in the past 3 months. This growth stock will keep its momentum through our current events.Speaking of momentum, you'll notice that many of these buy-rated manufacturers are serving the tech industry. That's because there are some huge megatrends gearing up now for high demand around the world. Which brings me to the next big opportunity I have for you today: The 5G Buildout Is an Incredible OpportunityIf you're like me, then COVID-19 really underscored the importance of good, fast internet at home. Plenty of Americans, especially essential workers, still have to venture out to keep the country going. But many of us can conduct daily life at home, around the clock.So, while the press releases from Big Telecom will emphasize the "cool factor" of 5G, and how it's up to 100 times faster than 4G, I want you to think about it more practically.5G is what's going to keep us all connected in the modern economy. If you live somewhere without reliable (or any!) broadband access, you might have trouble keeping up with shopping or even finances in the "new normal." That is, until ultrafast 5G wireless changes all that for you.Mobile providers like AT&T and Verizon need 5G to maintain their edge - and get people into new smartphone contracts. But the big profits will come from the companies that help create 5G.One such company I like now is much lesser known than the Big Telecom companies but has excellent growth prospects.This company is already one of the biggest semiconductor equipment manufacturers in the world. These days, its products for machine learning, optics, sensors and analytics are getting deployed for all sorts of next-generation technologies: the self-driving cars, robotics, cloud computing and the larger Internet of Things (IoT).Most importantly for a Growth Investor, this stock is a "Strong Buy" in my Portfolio Grader now.So, if that company doesn't sound familiar to you, I'd like to change that. This is the kind of stock that can help you profit from all the 5G infrastructure that's popping up everywhere.I have a complete, freshly-updated investment report on it, called The King of 5G "Turbo Button" Technology. You can secure a copy by watching my free briefing on 5G and joining us at Growth Investor today.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 7 American Manufacturing Stocks to Buy Before Recovery appeared first on InvestorPlace.
The strong performance comes after Lemonade raised $319 million late Wednesday. The company sold 11 million shares at $29 each, above its $26-$28 price range.
ServiceNow (NYSE:NOW) stock has a very high valuation. Meanwhile, the company is likely to encounter increased competition, and some sectors of the economy are still struggling. Consequently, I believe that ServiceNow stock could underperform the Nasdaq in the near-term and/or the medium-term.Source: Shutterstock ServiceNow specializes in providing tools that automate companies' information technology (IT) functions. As a result, ServiceNow saves its customers money.Still, a number of companies that are being hit hard by the recession and the pandemic could shy away from making expensive, new commitments. That, in turn, could make it harder for ServiceNow to achieve the rapid growth that Wall Street is expecting. Analysts, on average, predict that its revenue will surge 24% in the second quarter. That's below the 32.6% revenue growth that the company generated in 2019, but it's still pretty ambitious.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Signs of a SlowdownServiceNow has some similarities to Salesforce (NYSE:CRM), which cut its 2020 guidance on May 28. Salesforce predicted that its revenue growth would slow down in Q2 and indicated that its results would come in significantly below analysts' average expectations. * 7 Utilities Stocks to Buy With Reassuring DividendsSalesforce, which I had urged investors to avoid before its results were announced, blamed the novel coronavirus pandemic for its guidance reduction. Since announcing its results, Salesforce stock is down slightly, underperforming the Nasdaq.There are some similarities and some differences between ServiceNow and Salesforce. Both companies sell software-as-a-service that is supposed to enhance companies' bottom lines. (ServiceNow also sells platform-as-a-service solutions). And both are large firms that are still a couple of steps below the giant tech names. Finally, both ServiceNow and Salesforce must generate strong growth to justify their very high valuations. Large-Business Focus Helps ServiceNow StockOn the other hand, I'm more upbeat on ServiceNow. Salesforce is more leveraged to small businesses, while ServiceNow has focused more on Fortune 500 companies. As I've discussed previously, I believe that small businesses are being hit much harder by the current economic downturn than large ones. This is mostly because the sectors that have been most hurt, i.e. the travel and restaurants spaces, tend to have many small businesses. Additionally, larger companies have greater access to the Fed's assistance.Meanwhile, it's probably easier for struggling companies to justify buying ServiceNow's offerings, which could enable them to lay off IT workers. Salesforce's products focus on helping sales teams which could be struggling during the Covid-19 pandemic.Meanwhile, two research firms have issued fairly bearish notes on ServiceNow stock in recent weeks.Specifically, on June 22, Cleveland Research warned that ServiceNow's partners had indicated that "larger deals" were being delayed until Q3, while ServiceNow's customers were not buying as many additional products from it. The firm added that its estimates for ServiceNow's Q1 results were in line with analysts' average estimates than previously.And, after ServiceNow reported its Q1 results on April 29, Piper Sandler downgraded the shares to "neutral" from "overweight," citing valuation. The firm set a $360 price target on the shares, versus the stock's current price of about $419. Competition and ValuationA Seeking Alpha columnist recently noted that, in order to meet Wall Street's growth expectations, ServiceNow will have to enter new vertical markets and take market share from some pretty heavy hitters. Among ServiceNow's new competitors are Salesforce, SAP (NYSE:SAP), Splunk (NASDAQ:SPLK), IBM (NYSE:IBM) and VMware (NYSE:VMW), the columnist stated.Further, due to the disappearance of some companies and the financial cutbacks of others, prices for ServiceNow's older and newer products could come down meaningfully going forward.Finally, ServiceNow stock was trading at a trailing price-sales ratio of about 22, making it quite expensive. The Bottom Line on ServiceNow StockDue to the recession, ServiceNow's growth could easily slow below analysts' average expectations, causing its expensive stock to underperform the Nasdaq.As a result, investors are better off owning other names at this point.Larry has conducted research and written articles on U.S. stocks for 13 years. He has been employed by The Fly and Israel's largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been airline stocks, oil stocks and Snap. You can reach him on StockTwits at @larryramer. As of this writing, he did not own any of the aforementioned stocks. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post ServiceNow Shares Could Be Hurt By the Recession appeared first on InvestorPlace.
Does MercadoLibre (MELI) have what it takes to be a top stock pick for momentum investors? Let's find out.
By John Jannarone goPuff’s delivery volume rose 400% in the first half of 2020, according to sources goPuff now reaches 500 cities through over 200 distribution facilities Raised $1 billion from investors including Accel and SoftBank Vertical integration provides better customer experience and margins goPuff’s rapid expansion gives it head start and wide moat versus […]
Shares of Inovio Pharmaceuticals (NASDAQ: INO) were bouncing back on Thursday after being clobbered earlier this week. The biotech stock still has a long way to go to make up its lost ground. Inovio's shares were down 37% this week as of the close on Wednesday.
Ericsson (ERIC) partners with Chunghwa Telecom to capitalize on its technological prowess and deploy seamless 5G network technology with advanced solutions for better customer experience.
The Zacks Analyst Blog Highlights: Amazon.com, Snap, Netflix, PayPal and Match Group