[go: up one dir, main page]

  • 7 Overlooked Value Stocks to Buy That Will Shine in 2020
    InvestorPlace

    7 Overlooked Value Stocks to Buy That Will Shine in 2020

    The stock market is hitting new all-time highs. With it, many of investors' favorite stocks are becoming rather expensive. There are certainly fewer cheap value stocks today than there were last December, that's for sure.But don't despair. The rise in the S&P 500 and other stock market indexes hasn't caused all stocks to rise uniformly. Many companies have missed out on the rally. Some of these value stocks are held back by headline news, such as the trade war. Others of these value stocks are overlooked for more subtle reasons.Regardless, it's time to start sleuthing out some of the market's best holiday deals before the new year kicks off. Here are seven value stocks that need to be on your radar now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Value Stocks to Buy: Intel (INTC)Source: Sundry Photography / Shutterstock.com Like several of the companies on this list, Intel (NASDAQ:INTC) is currently dogged by trade war concerns. The lack of certainty around the future of U.S.-China business relations puts a crimp on semiconductor spending. This has caused INTC stock to stall out just below the key $60 resistance level yet again, despite sharply improving operating metrics in recent quarters.Even as Intel stock has moved higher in recent years, the price-to-earnings ratio has failed to expand to any meaningful degree. Now, at $56 per share, Intel sells for just 12 times forward earnings. Intel's earnings, you should remember, are up from less than $2.50 per share in recent years to more than $4 per share today. Yet the market is still pricing Intel as though it were a little-to-no growth business.This idea that Intel is just a stagnant PC chip business really needs to be retired. The company has heavily invested in all sorts of new growth avenues to move beyond its legacy cash cow. Intel's strides in autonomous vehicles are particularly impressive. Yet, it still sells at a bargain-bin price. All the better for investors buying Intel stock today, however. Intel pays a healthy dividend and has bought back more than 1 billion shares of INTC stock over the course of this decade. * 7 Hot Stocks for 2020's Big Trends Sooner or later, the market will catch on to the huge earnings growth and capital return story that Intel is offering its shareholders. Wells Fargo (WFC)Source: Kristi Blokhin / Shutterstock.com Beloved by Warren Buffett and known for its sterling reputation, Wells Fargo (NYSE:WFC) used to be the cream of the banking crop. Then the scandal headlines and customer lawsuits started hitting and Wells Fargo's reputation went from outstanding to infamous virtually overnight.With it, so did Wells Fargo's valuation. Despite a roaring stock market in general and earnings growth at Wells Fargo over the past five years, WFC stock has gone absolutely nowhere. Five years ago in December, WFC stock sold for $55 per share, now it is at $54. In that time, it's gone from being highly priced to being a deep value stock.Why is it time to forgive WFC for its mistakes and buy into the story today? For one, all the old management has been cleaned out. The company has gotten rid of those with ties to the scandals and brought in highly respected former Visa (NYSE:V) CEO Charles Scharf. Two, the company is set for massive earnings growth in coming years. It is buying back 10% of its stock annually, which boosts earnings per share.Plus, Wells Fargo has billions in extra legal and compliance costs right now related to the bad customer practices of yesteryear. As those costs wind down going forward, profits will surge. Even assuming flat revenues due to the difficult interest rate environment, Wells Fargo should be able to get to $6 of EPS over the next two years, which would lead to 35% upside for the stock assuming a reasonable 12x-13x P/E ratio. Suncor (SU)Source: Kodda / Shutterstock.com Most investors hate energy stocks right now. It's not hard to see why; oil prices crashed in 2014 and have failed to meaningfully recover since then. Meanwhile natural gas has been getting more and more oversupplied with every passing year. Energy prices have been in steady retreat, so the industry has faced a calamitous downturn. Smaller exploration and production companies have been going bankrupt in droves, and things haven't been looking too good for the midstream pipeline companies either.Don't throw out the baby with the bathwater though. The major oil companies are still great investments. In fact, the longer oil prices stay down, the better the oil majors will do when the cycle finally turns up again. That's because the shortage of capital in the industry now is forcing severe layoffs and cutbacks on expansion plans. In future years, supply will drop significantly thanks to the absence of new production efforts. On top of that, the majors have been buying up assets on the cheap to take advantage of current market conditions.That's where Suncor (NYSE:SU) comes in. The Canadian integrated oil giant has been quietly building an oil sands production and refining empire over the past decade. Oil sands have become one of the world's cheapest sources of oil, with Suncor producing for just $25 per barrel or so. It also has supplies to last for many decades; oil sands, unlike shale, do not deplete quickly. Suncor's refining capacity has also insulated it from low crude oil prices in North America as it can sell higher-value gasoline and other finished petroleum products.Add it all up, and Suncor is a cash flow machine. It is offering a 12% cash flow yield, giving it room to pay a 4% dividend yield which it tends to hike by double digits every year. The company also has enough left over to both buy back stock and pay down debt. When oil prices turn up, Suncor stock will be set for a massive rally. Altria (MO)Source: Kristi Blokhin / Shutterstock.com Tobacco leader Altria (NYSE:MO) isn't quite the cheapest of value stocks, at least not compared to a month or two ago. Altria shares have recovered from $40 to $50. But don't think you're too late, Altria is still a relative bargain today. Keep in mind that MO stock traded as high as $75 per share not that long ago.It's not hard to see why Altria stock crashed. The company has seen its cigarette sales volumes decline more aggressively in recent years; the annual declines have moved from low single digits to closer to 5%. This makes it hard to keep revenues flat or increasing merely from price hikes. Altria seemingly panicked as a result, and paid way too much for its minority stake in vaping leader Juul. Investors have punished Altria mercilessly for this ill-timed blunder. As the federal government has cracked down on vaping, Juul's valuation has sunk. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping However, the worst is over for MO stock. See, the bears can't have it both ways. If cigarette sales decline sharply, people are going to want to get nicotine from another source, of which vaping is the easiest alternative. Meanwhile, if the federal government limits vaping too much, people will simply go back to cigarettes. As long as people crave their nicotine, Altria will get its revenues one way or another. The government has seemingly realized this, and is now backing down on some of the harsher vaping rules. Molson Coors Brewing (TAP)Source: OleksandrShnuryk / Shutterstock.com If cigarettes and vaping aren't up your alley, how about beer? This brings us to Molson Coors Brewing (NYSE:TAP) which makes those namesake beer brands along with other well-known labels such as Miller and Blue Moon.The company acquired 100% ownership of Miller along with many other assets in 2016 when Anheuser-Busch InBev (NYSE:BUD) acquired SABMiller and regulators forced the combined entity to sell off some brands for antitrust reasons. Molson Coors took advantage and grabbed these assets at a seemingly favorable price. However, it took on a lot of debt to complete the deal, and combined with weak sales in recent years, its financial results have underwhelmed.This, in turn, has caused investors to dump TAP, making it one my favorite value stocks. It's down from a high of $110 to just $51 now. However, the tide is starting to turn. The balance sheet is getting stronger, and management just rewarded shareholders for their patience with a gigantic dividend hike this year.As a result, TAP stock now trades for just 12x earnings and pays a 4.5% dividend yield. The craft beer movement has already lost steam -- craft is barely taking any additional share from big beer. It's only a matter of time until Molson Coors gets revenue growth to kick in again, and the stock should move back up above 15x earnings, leading to sizable capital gains on top of the healthy dividend yield. Eastman Chemical (EMN)Source: Michael Vi / Shutterstock.com With its recent selloff, Eastman Chemical (NYSE:EMN) is back into the deep value stocks zone. EMN stock is now going for just 10x earnings. Traders have dumped shares of the former Eastman Kodak spinoff thanks to the trade war, which has caused a bit of an earnings slowdown. Eastman was originally supposed to make about $7.75 in EPS this year, now it will be closer to $7.20. Regardless, for a $75 stock, that's fantastic.Impressively, Eastman is on track to produce more than $1 billion in cash flow this year, meaning it is selling for less than 10x that metric. With all that cash, Eastman can pay a 3.3% dividend yield, buy back stock and pay down debt all at the same time. * 7 Exciting Biotech Stocks to Buy Now Investors aren't enthused for chemicals stocks right now because they are seen as cyclical. That, plus global trade concerns, have the sector in the penalty box. Make no mistake though, if this Federal Reserve easing cycle leads to any signs of an economic pick-up in 2020, these left-for-dead chemical stocks like Eastman should come roaring back. Corporacion America Airports (CAAP)Source: Shutterstock Finally, we get to the last of our value stocks, and this one is deeply under-followed. That's because Corporacion America Airports (NYSE:CAAP) is both a fairly recent initial public offering, and a company whose operations are centered in Argentina. The IPO was unfortunately timed, as Argentina's economy soon went into a tailspin after CAAP stock started trading on the New York Stock Exchange. To make matters worse, Argentina voted in a left-wing government this fall, triggering a rout on Argentine stocks.Add it all up, and CAAP stock has hit massive turbulence dumping from the IPO of $16 per share to just $4 now. Oddly enough, given the fall in stock price, the actual business is still going reasonably well. The company has a healthy balance sheet, and passenger traffic is still rising across its portfolio of airports. CAAP gets about 60% of its airport traffic from Argentine airports, but it also has major holdings in Brazil, Italy, Ecuador and various other countries. As a result, the market has now crushed CAAP stock for a 75% loss despite the fact that only 60% of its business is in Argentina. Even if Argentina goes into an economic depression, the other airports should more than support the stock price here.If the Argentina airports face a moderate decline in traffic, and the rest of the portfolio performs as is, the stock would be trading for less than 5x its earnings before interest, taxes, depreciation and amortization. That's an insane price for an airport operator -- publicly traded comparables in Mexico sell for around 12x EBITDA. European airport operators tend to sell for 15x-20x EBITDA. Currently, another emerging markets airport operator in Thailand is selling for nearly 25x. Just getting to 12x, where Mexican airports sell for, would cause CAAP stock to nearly quadruple from today's prices.There's no guarantee it will happen, but the odds favor an upturn in sentiment toward Argentina rather than a further darkening from the already-despondent mood. When things turn back up, CAAP stock should soar.At the time of this writing, Ian Bezek owned EMN, INTC, WFC, SU, CAAP, MO and TAP stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 7 Overlooked Value Stocks to Buy That Will Shine in 2020 appeared first on InvestorPlace.

  • John Schnatter responds to wife's divorce filing
    American City Business Journals

    John Schnatter responds to wife's divorce filing

    The founder and ex-CEO of Papa John's International Inc. has responded to his wife's divorce filing. John Schnatter, who has been married to Annette (Cox) Schnatter since 1987, admits to all of the facts about the couple's marriage as detailed in the petition for a dissolution of marriage, according to an Oldham County family court filing. The document also states that he and Annette have reached a separation agreement.

  • Amazon is struggling to hold on to the pilots who ship your packages
    Quartz

    Amazon is struggling to hold on to the pilots who ship your packages

    Amazon’s promise of one-day shipping has led it to increasingly rely on its own air cargo division, Amazon Air. The pilots don’t work for Amazon directly, but are employed by the contractors Air Transport Services Group (ATSG) and Atlas Air. More than 200 cargo pilots who fly for ABX Air, which is a division of ATSG, cast a vote of “no confidence” against management’s ability to resolve ongoing labor disputes, reported Reuters earlier this week.

  • Economists say a recession is coming: How can 401(k) investors prepare?
    MarketWatch

    Economists say a recession is coming: How can 401(k) investors prepare?

    According to a recent survey by the National Association for Business Economics, seven out of 10 economists expect a recession by the end of 2021. An economic downturn may tempt investors to put even less into retirement savings while waiting for a bull market to return. During the last recession, personal savings as a percentage of disposal income fell from 6.4% to 3.7% between December 2008 and January 2009.

  • The fear of missing out will punish you once the stock market starts to make a ‘blow-off top’
    MarketWatch

    The fear of missing out will punish you once the stock market starts to make a ‘blow-off top’

    Keep your money close when Wall Street and surging stock prices tempt you to buy, writes Michael Sincere.

  • The stock market could get cut in half next year, warns hedge-fund manager
    MarketWatch

    The stock market could get cut in half next year, warns hedge-fund manager

    Steven Gidumal, managing partner of Virtus Capital, says the fate of this relentless bull market hangs on what happens in the upcoming 2020 presidential election.

  • Barrons.com

    Expedia Stock Is Still a Buy Despite Earnings Disappointment and Management Shake-up

    CEO Mark Okerstrom and Chief Financial Officer Alan Pickerill had been trying to better connect those brands and their technology, but the strategy had not led to immediate gains. The stock fell hard after third-quarter earnings disappointed investors, and it is down 19% since Barron’s recommended the shares (“Why Expedia Is a Stock Worth Booking,” July 12, 2019). Diller clearly got tired of waiting for progress, noting in a statement announcing the resignations that “the board made this change to (EXPE)’s leadership because we disagreed on strategy with the departing senior executives.” (EXPE) did not make Diller available for an interview.

  • 5 Safety Stocks to Buy Without Trade War Exposure
    InvestorPlace

    5 Safety Stocks to Buy Without Trade War Exposure

    The stock market has had a great 2019. Year-to-date, the S&P 500 is up about 28%. If the index were to trade flat into the end of the year, then 2019 would go down as the best year for the stock market since 2013, and the third-best year of the 2000s.But the stock market has also had a volatile 2019. Year-to-date, the S&P 500 has experienced more than 10 pullbacks of 2% or greater. By itself, that's not shocking. But what is shocking is that pretty much all of those 2% pullbacks have had the same culprit: the U.S.-China trade war.So, while I think U.S.-China trade tensions will ease going forward and the markets will consequently power higher, I also recognize that the trade war isn't over. Flare-ups will happen throughout 2020. Each one of those flare ups will be followed by a harsh stock market correction.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hot Stocks for 2020's Big Trends Given that, I don't blame you if you want sit out all the volatility and buy safety stocks in 2020 that don't have trade war exposure. If you're in that boat, this gallery is for you. I've hand picked a group of five safety stocks to buy for their strong internal fundamentals and lack of external trade war exposure. Safety Stocks to Buy: AT&T (T)Source: Jonathan Weiss / Shutterstock.com The core reason to be attracted to telecom giant AT&T (NYSE:T) in the midst of the U.S.-China trade war is that this company provides various wireless and wired communication services which consumers in the U.S. need (and will continue to pay up for), regardless of the global trade situation. Broadly, then, no matter how the trade war plays out, AT&T's revenue and profit trends should remain relatively stable, leading to a relatively stable AT&T stock price.Further, AT&T stock has two huge catalysts on the horizon which could propel shares higher in 2020. First, there's the big mainstream 5G push, which will lead to increased demand for AT&T's wireless services at more favorable price points, as well as an increase in the number of connected devices in AT&T's wireless network. Second, there's the big streaming push with HBO Max. If that service gains healthy momentum in the streaming world, then the company will have found a cure for its cord-cutting headwinds, and the stock will benefit from multiple expansion as secular cord-cutting fears disappear -- just see what happened with Disney (NYSE:DIS) stock and Disney+.Of course, any mention of T stock as a safety stock would be incomplete without mentioning that: 1) this stock is incredibly cheap at just 11-times forward earnings, and 2) the stock also has a huge dividend yield that is north of 5%. Facebook (FB)Source: Ink Drop / Shutterstock.com Perhaps shockingly, social media giant Facebook (NASDAQ:FB) makes this list of safety stocks to buy without trade war exposure because, at its core, this company does not have much trade exposure.Facebook doesn't operate in China, so there are no levers China can pull here to hurt Facebook. Further, FB's properties will remain highly engaging in all other countries that they do operate in, regardless of the trade situation. That's because Facebook provides entertainment and communication services which consumers deem as central to their day as brushing their teeth or combing their hair. So long as consumers remain engaged, advertisers will continue to pour money into the Facebook ecosystem to chase that engagement.Sure, there's the risk that escalating trade tensions depress capital spending plans. Advertising is part of those capital spending plans. In theory, if the trade war gets really bad, Facebook ad budgets could get hit. But that has yet to happen. It's unlikely to happen anytime soon, because cutting Facebook ad budgets is something no one wants to do unless things get really ugly. Things won't get really ugly in 2020. If anything, trade conditions will improve. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping In the big picture, then, FB stock is actually well shielded from trade war volatility. At the same time, this is a 20%-plus revenue and profit growth company trading at less than 25-times forward earnings, an attractive combination which implies minimal valuation risk and huge upside potential. American Electric Power (AEP)Source: Casimiro PT / Shutterstock.com The three big reasons to like U.S. utility company American Electric Power (NYSE:AEP) so long as the U.S.-China trade war wages on are that this company: 1) has minimal trade exposure, 2) is characterized by unparalleled stability, and 3) has attractive safety stock characteristics.American Electric Power is a U.S. utility company which provides electricity and power services to U.S. consumers. They don't operate outside of the U.S. This 100% domestic focus shields the company from international trade war noise.At the same time, the electricity and power services which AEP provides are necessary, with unwavering demand. That is, regardless of how the U.S.-China trade situation plays out, U.S. consumers will forever need and pay up for electricity and power services. Demand isn't going anywhere anytime soon. Neither are AEP's revenues or profits. This financial stability creates tremendous support for AEP share price stability.Lastly, AEP stock trades at a reasonably 21-times forward earnings multiple, has a rock solid 3% dividend yield, and is supported by stable and sizable cash flows. These ideal safety stock characteristics imply that investor demand for AEP stock during turbulent times will remain strong. Walmart (WMT)Source: Sundry Photography / Shutterstock.com Investors may be shocked to see global retail giant Walmart (NYSE:WMT) on this list. After all, Walmart does operate in the retail world, and tariffs do have a direct negative impact across the entire retail world in the form of higher input prices.Walmart is no exception here. The higher tariffs go, the higher Walmart's input costs will go, and the more that will either: 1) weigh on Walmart's margins, or 2) push up Walmart's shelf prices. But if you zoom out, it's easy to see that Walmart is actually a winner here.One of two things will happen in 2020. Either U.S.-China trade tensions will meaningfully de-escalate, or they won't. If they do, Walmart will continue to fire on all cylinders through sustained omni-channel and e-commerce expansion. If they don't, tariffs will pressure the entire retail sector. But, consumers won't stop shopping. They will just become more price-sensitive. The more price-sensitive they become, the more likely they are to shop at off-price stores, and Walmart is king in the off-price category.This is exactly why WMT stock was a huge out-performer during the last economic downturn. Consumers don't stop shopping when times get tough. They just shop smarter. * 9 Tech Stocks You Wish You'd Bought During 2019 Big picture, then, it looks like WMT stock is a strong safety stock to buy, because it will outperform regardless of which way the trade war swings. McDonald's (MCD)Source: 8th.creator / Shutterstock.com Last, but not least, on this list of safety stocks to buy without trade war exposure is global fast-casual food giant McDonald's (NYSE:MCD).The bull thesis on MCD stock as a safety stock is pretty simple. Regardless of how the trade war progresses, consumers globally still need to eat. Consequently, they will still visit McDonald's stores. Further, if trade tensions do escalate, that will cause broad consumer concern, which will in turn force consumers to become more price-sensitive. The more price-sensitive they become, the more they will cut back on costs. One way to cut back on costs? Stop going to expensive restaurants, and start going to McDonald's.As such, much like Walmart, McDonald's is supported by this fact that consumers don't stop buying things when times get tough -- they just start buying cheaper things.Also of note, tariffs have not created much noise in McDonald's financials, nor will they anytime soon. The word tariff wasn't mentioned even once during the company's most recent earnings call. Nor was the U.S.-China trade war. This lack of financial noise will help keep MCD stock shielded from trade-war-induced market volatility in 2020.As of this writing, Luke Lango was long T, FB, and WMT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 5 Safety Stocks to Buy Without Trade War Exposure appeared first on InvestorPlace.

  • U.S. Has More Runway on Trade Deal After Strong Data, Pimco's Wilding Says
    Bloomberg

    U.S. Has More Runway on Trade Deal After Strong Data, Pimco's Wilding Says

    Dec.07 -- Tiffany Wilding, Pacific Investment Management Co. (Pimco) executive vice president and U.S. economist, discusses the prospects for a trade deal between China and the U.S. She speaks with Bloomberg's Vonnie Quinn and Guy Johnson on "Bloomberg Markets."

  • 3 Monster Growth Stocks That Make Great Picks for 2020
    TipRanks

    3 Monster Growth Stocks That Make Great Picks for 2020

    What’s always in style on the Street? Growth. Investors are constantly window shopping on Wall Street to pinpoint the names that represent the crème-de-la-crème when it comes to the ability to post long-term gains. This makes sense as growth leads to profits, which in turn can lift share prices.However, given the market’s record breaking performance in 2019, it isn’t always easy to spot the stocks poised to climb higher and yield handsome returns in the years to come. That’s where the analysts can help. Using the Stock Screener tool from TipRanks, we were able to zero in on 3 stocks with stellar long-term growth narratives backed by Wall Street analysts. We’re talking about enough support to earn a “Strong Buy” consensus rating here. If that wasn’t enticing enough, all of the names boast at least 20% upside potential from the current share price. Here’s the scoop. Alphatec Holdings, Inc. (ATEC)This med tech company has disrupted the market with its innovative products for the surgical treatment of spine disorders. After skyrocketing 193% since the start of the calendar year, analysts are betting that ATEC can continue its impressive run in 2020.Part of the bullish sentiment surrounding the company is due to its strong Q3 performance that sped past the revenue consensus estimate. ATEC reported that quarterly revenue hit $29.2 million, surpassing the $26.4 million estimate. Management pointed to the domestic strategic distribution segment, which was up 52% in the quarter, as the driver here. Not to mention full year revenue guidance was bumped up from $104 million-$109 million to $109 million-$112 million. While Lake Street’s Brooks O'Neil notes that some drag from terminated distributor relationships and from legacy products remains, ATEC has made a significant effort to turn things around. “Specifically, Pat Miles, CEO and his team are spine experienced and taking significant steps to strengthen the Company's distributor relationships (key in spine) and to revitalize its product line…While we recognize there remains work to be done, we are absolutely convinced this team will complete the job,” he explained. The analyst adds that its product lineup lends itself to ATEC’s strong position in the $7 billion U.S. spine market. “We believe the market is ripe for innovation and ATEC is targeting complex spine procedures, minimally invasive surgeries and biologics, collectively the fastest growing segments of the market,” he commented. Specifically, O’Neil cites ATEC’s SafeOp platform, it’s technology that eliminates the need for a technician or other neuromonitoring professional to monitor the risk of nerve injury during spinal surgeries, as especially promising. Taking all this into consideration, the four-star analyst kept the rating as a Buy and boosted the price target from $7 to $10. At this updated target, shares could jump 49% in the next twelve months. (To watch O’Neil’s track record, click here)Similarly, the rest of the Street takes a bullish approach when it comes to ATEC. Given the 4 Buys and no Holds or Sells assigned in the last three months, the consensus comes in unanimously as a Strong Buy. On top of this, the $9 average price target indicates 30% upside potential. (See Alphatec stock analysis on TipRanks) Telaria Inc. (TLRA) As Telaria has already achieved 202% growth year-to-date, the Street is watching the video content software company very closely. While shares dipped after management left its forecast for 2019 revenue unchanged, some members of the Street argue that TLRA still has a lot going for it. Its connected TV (CTV) business increased a whopping 115% year-over-year and boasts margins in the high-80% range. As a result, Stephens analyst Kyle Evans believes that this segment can take TLRA to new heights. “We believe rapidly changing consumer behavior combined with numerous, new AVOD product launches will create a large ad-supported CTV market, where TLRA’s leading, independent CTV tech platform will continue to grow rapidly,” he wrote in a note to clients. Bearing this in mind, he maintained the Overweight recommendation as well as the $11 price target, implying 33% upside. (To watch Evans’ track record, click here)Meanwhile, Lake Street’s Mark Argento highlights recent publisher wins and its continued innovation as making TLRA a stand-out despite soft gross margins. The company racked up deals in the quarter that included Crown Media and Plex TV in the U.S., its first deal in Japan with a leading broadcaster, three large publishers in Canada and a large consortium of Australian publishers. Additionally, TLRA unveiled Audience Connect, its new group of addressable audience-based buying solutions as well as new features to improve transparency and communications. Based on these factors, Argento stayed with a Buy rating and an $11 price target, the same as Evans’ estimate. (To watch Argento’s track record, click here)  All in all, other Wall Street analysts are on the same page. With 100% Street support, the message is clear: TLRA is a Strong Buy. The Street does however see a bit less upside potential, 25% to be exact. (See Telaria stock analysis on TipRanks)    Crocs, Inc. (CROX)The famous foam shoe designer has been impressing analysts left and right ahead of the holiday shopping season.Mitch Kummetz of Pivotal Research was surprised by the degree in which Crocs was able to beat the estimates for third quarter sales and EPS. During the quarter, sales reached $313 million, exceeding the $302 million consensus estimate. EPS flew past the 40 cent Street forecast, coming in at 57 cents. “In short, the company won’t quantify its spring prebooks, but we suspect they’re even stronger than we had previously anticipated, as retailers are allocating a lot more of their open-to-buy to Crocs clogs in particular,” the analyst stated. This prompted him to not only reiterate his bullish call but also raise the price target by $5 to $44, suggesting 24% upside potential. (To watch Kummetz’s track record, click here)Like Kummetz, Piper Jaffray analyst Erinn Murphy likes what she’s seeing, citing Crocs as one of her favorite Holiday ideas. Jibbitz, or charms to accessorize the company’s shoes, offer a wealth of opportunity according to Murphy. “All in, we see 14% EBIT margin by 2021 (vs. our current 13.5%) as plausible if Jibbitz momentum continues. We have observed Jibbitz at retail partners in store and online in recent weeks and believe broader distribution could meaningfully accelerate charm penetration in the coming quarters,” she noted. The analyst also tells investors that U.S. search trends have reaccelerated quarter to date, with its collaboration with artist Post Malone still on the horizon. Based on statements from the CMO, the launch could be the company’s largest ever. To this end, the analyst maintained the Overweight rating and $44 price target. (To watch Murphy’s track record, click here) The rest of the Street appears to echo the two analysts’ sentiment. 4 Buys and 1 Hold add up to a Strong Buy consensus rating. In addition, the $43 average price target brings the potential twelve-month gain to 20%. (See Crocs stock analysis on TipRanks)

  • Two St. Louis companies make list of 15 worst corporate deals
    American City Business Journals

    Two St. Louis companies make list of 15 worst corporate deals

    Two St. Louis companies were involved in a couple of the 15 worst cooperate biotech deals of the past 10 years, according to FierceBiotech, a biotechnology news publication.

  • Ocasio-Cortez has a real problem with Uber’s ‘uncalled for’ bathroom situation
    MarketWatch

    Ocasio-Cortez has a real problem with Uber’s ‘uncalled for’ bathroom situation

    The congresswoman responds to a story about how Uber’s Greenlight Hub office in Providence, R.I., has separate bathrooms for ”partners” and “employees.” She’s been critical of Uber in the past.

  • Trade General Electric Stock With Confidence
    InvestorPlace

    Trade General Electric Stock With Confidence

    The easy long-term thesis on General Electric (NYSE:GE) stock is that given time, it will recover some luster. This means a smart investor could hold it for years.Source: Carsten Reisinger / Shutterstock.com The concept here is very simple: Have patience and wait out the headlines from messy turnaround efforts. But unsurprisingly, this is easier said than done. Each talking head has a loud opinion, and each claims supremacy.Meanwhile, for the short term, the charts offer a road map to actively trade GE stock. This year I shared two write-ups that yielded results, and neither of them was an emphatic statement on the fundamentals. Those are still too murky for us to properly gauge.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome in the media opine on General Electric stock as if they are the only experts on it. Most notable is JPMorgan analyst Stephen Tusa who placed a $5 price target on GE stock last month. This came after the company's 20% post-earnings rally. His note hit the brakes and caused a 6% fade. Traders Need the ChartsSource: Charts by TradingViewSource: Charts by TradingViewThe proper way to trade GE stock is by being humble and studying the short-term price action for guidance. The charts' technical aspects contain a wealth of clues on direction and distance. Charts can map where the bull or bear opportunities lie, and what potential they offer. * 7 Hot Stocks for 2020's Big Trends For General Electric stock, the battle is currently ongoing over the resistance neckline near $12, versus the potential pitfall down to fill the open gap to $9 per share. While this is not a forecast, it is a scenario that currently exists.The stock is now falling back into the neckline that was resistance from March through July of this year. It is likely to be contentious on the way down. Buyers and sellers are likely to battle it out, thereby creating support. Moreover, $10.20 is GE's 2019 point of control. This is where the trading volume was heaviest. That means $10.20 also becomes a support zone on the way down. Therefore, the bulls have help since they have strong footing below. So, dips should remain opportunities to take bullish bets.The next opportunities from here are if the GE stock price breaks above $11.20. If it does, the bulls can rebuild the momentum to breach the $11.80 roof.Conversely, if the bears are able to breach through the $10.40 zone, they would invite more sellers to fill the gap to $9 per share. Patience is key, so it's best to wait for the breach of either side before chasing it. Anticipating an opportunity often causes bad timing and puts the investor at a disadvantage to the other side of the trade. The person with the best read on levels is likely to win. Don't Overthink General Electric StockIf your goal is to invest in GE stock, not simply to trade the short term, then the setup is easy. I would simply plug my nose and buy it.The idea behind this advice is that management is working to fix this once-iconic corporation. I bet that they will find a way to repair the damage. Meanwhile, the stock is broken but it still is a trading vehicle. The media complicates things by highlighting expert opinions and ratings, but the truth is that it merely needs time to heal.Fundamentally, GE sports a high price-to-earnings ratio but this is tolerable since it is a company in transition. The typical metrics may not adequately apply to it yet. Besides, it only sells at 0.8 times sales, so from the top-line perspective it is not bloated.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post Trade General Electric Stock With Confidence appeared first on InvestorPlace.

  • Financial Times

    Big-name US investors take aim at beaten-up energy sector

    Warren Buffett, Carl Icahn, Jerry Jones and Sam Zell are just a few of the bargain-hunters flocking to the energy industry — the worst-performing sector of 2019. The miserable year caps a grim decade, which has brought the oil and gas sector’s weighting in the S&P 500’s market capitalisation to a record-low 4 per cent. That is down dramatically from the 13 per cent weighting of 2008, when oil was trading above $140 a barrel and the world was much less determined to wean itself off fossil fuels. In 2011 the energy sector was trading at about the same level as the broader market, as a multiple of book value.

  • Barrons.com

    More Seniors Are Declaring Bankruptcy. Here Are 4 Mistakes to Avoid.

    Senior-citizen bankruptcies are on the rise, driven by socioeconomic factors such as shrinking Social Security payments, higher health-care costs, and increased individual responsibility for retirement savings. But there are some things you can do to make for a smoother stay in bankruptcy.

  • Poloz to Step Down as Bank of Canada Governor
    Bloomberg

    Poloz to Step Down as Bank of Canada Governor

    Dec.06 -- Stephen Poloz, who resisted this year’s global rush to cut interest rates, won’t seek a second term at the helm of the Bank of Canada when his mandate ends in June. Bloomberg's Theo Argitis reports on "Bloomberg Markets."

  • Massachusetts says Metals.com sold $3.2 million in overpriced coins to conservative seniors
    Quartz

    Massachusetts says Metals.com sold $3.2 million in overpriced coins to conservative seniors

    Massachusetts regulators have taken legal action against Metals.com for allegedly convincing seniors to invest millions of dollars of retirement savings into overpriced precious metals. A Quartz investigation linked the company with a web of Facebook ads and websites that specifically target conservative retirees. Dozens of the company’s clients across the country have lost large chunks of their savings, swayed by a high-pressure sales pitch warning of doom-and-gloom economic scenarios.

  • Mortgage rates hold steady, but economists say don’t expect that to last
    MarketWatch

    Mortgage rates hold steady, but economists say don’t expect that to last

    Mortgage rates didn’t budge much over the last week amid mixed signals as to the economy’s strength as the holiday season kicked into full drive. The 30-year fixed-rate mortgage averaged 3.68% during the week ending Dec. 5, unchanged from the previous week, Freddie Mac (FMCC) reported Thursday. Compared to a year ago, mortgage rates were more than a full percentage point lower.

  • The runway until more China tariffs kick in is getting short. Expect a bumpy ride
    MarketWatch

    The runway until more China tariffs kick in is getting short. Expect a bumpy ride

    Expectations are running high for a preliminary U.S.-China trade pact before more tariffs are levied against Beijing next week, but plenty of other factors in December will keep investors on the edge of their seats.

  • U.S.News & World Report

    9 Dividend Stocks That May Be Missed

    When most people go looking for a dividend stock, they tend to gravitate to the same old blue-chip stocks. There's good reason since many of these giants have large institutional investors behind them and a rich history of distributions to shareholders that can date back more than a century. Stocks like flailing industrial giant General Electric Co. (ticker: GE) and fallen utility PG&E Corp. (PCG) prove that even big stocks can carry big risks.

  • Happy hour can wait — This simple trading strategy has been a big winner
    MarketWatch

    Happy hour can wait — This simple trading strategy has been a big winner

    The stock market’s closing bell typically rings at 4 p.m. Eastern, but for traders sniffing around for a broad-market strategy that’s proven to be a real winner in recent years, perhaps that sound should be treated as an opening bell.

  • The Chinese Blacklist That Companies Pay $2,500-an-Hour to Avoid
    Bloomberg

    The Chinese Blacklist That Companies Pay $2,500-an-Hour to Avoid

    (Bloomberg) -- China Railway Construction Corp. deployed thousands of workers over four years to build part of a coal-carrying line from Inner Mongolia to Jiangxi province –- about the same distance as midtown Manhattan to Walt Disney World Resort in Florida.The project cost about 200 billion yuan ($28 billion) in total and was heralded by state media in 2018 as an exemplar of “safe production” with no injuries or deaths. Except there were, and China Railway’s project managers were covering them up.Tipsters exposed the conspiracy to local reporters, and a state-run China Railway unit eventually admitted that three workers died in 2017 when a panel they were standing on fell into the Ganjiang River. The managers were punished and so was the subsidiary: It was blacklisted for a year by the government and subject to more inspections, limits on bidding for public projects and restrictions on issuing bonds and shares.That black mark was fed into China’s corporate social-credit system, a public repository of good and bad behavior by every company in the world’s second-biggest economy. In an environment where a tweet, map or even T-shirt slogan can cause a world of pain, businesses are eager to stay below the government’s radar. The assemblage of an all-encompassing compliance monitor in cyberspace only compounds their anxiety.“It’s a typical credit rating but sort of on steroids,” said Andrew Polk, co-founder of Beijing-based Trivium China, which consults with companies on social credit. “The system will be widely used in China to oversee domestic and foreign companies, and firms have to assign resources to keep a real eye on making sure their records are clean.”The corporate system is developing side by side with one accumulating data on China’s 1 billion-plus citizens that’s triggering fears of increasing state control. It aggregates records from different agencies showing whether a business has followed or violated hundreds of rules.Corporate actions are categorized and recorded, with better performance potentially leading to lower taxes, more favorable loan terms and more opportunities to bid for public projects. Rewarded deeds include paying taxes on time, meeting emissions standards, making charitable donations and having good safety records.Centralizing this information enables government officials, banks and consumers in one region to check a company’s behavior in another and find out whether they’re worthy -– or even eligible -– to do business with.China says the point is to scare companies straight: that is, make the threats of naming, shaming and penalizing so dire they won’t evade taxes, mistreat customers or workers, or promote grandiose claims about their products. Yet some worry that it could be used to force companies to toe the party line.Those with good social credit will experience fewer and less frequent inspections, reducing their compliance costs and the burden on government resources, NDRC Vice Chairman Lian Weiliang said at a July briefing. Companies that endanger people’s lives and property face “very severe” punishments, including expulsion from the market, he said.For foreign companies in China, the compilation invariably raises the question of whether the system could be weaponized, with multinationals getting caught in the crossfire of the U.S.-China trade war or being targeted so a domestic rival can reap a competitive advantage.“In some cases there is a lack of information on how blacklists will be implemented, which leads to uncertainty for many businesses,” said Jacob Parker, vice president of China operations for the US-China Business Council, which includes Apple Inc., Exxon Mobil Corp. and Goldman Sachs Group Inc.“Many companies are concerned that it offers too much leeway for local interpretation that could be used to discriminate against foreign companies.”Some of the biggest doing business in China –- Microsoft Corp., Walmart Inc., Adidas AG and General Motors Co. –- declined to comment. Apple, JPMorgan Chase & Co., Morgan Stanley, Amazon.com Inc. and Walt Disney Co. didn’t respond to requests for comment.Volkswagen AG, Ford Motor Co. and German conglomerate Siemens AG all said separately they were evaluating the impact of the new system.The greatest risk for multinationals under the system is losing access to the world’s biggest market because of a political misstep.That prospect arose recently when National Basketball Association games were pulled from both state TV and Tencent Holdings Ltd.’s online stream after a team executive tweeted support for pro-democracy protests in Hong Kong. Local sponsors cut ties, and the league said it suffered substantial losses.“Social credit measures compliance with law,“ said Jeremy Daum, a senior fellow at the Paul Tsai China Center at Yale Law School. “If companies are afraid that Chinese laws can be used for political ends, then yes, they should be concerned.”Yet any expulsion more likely would result from placement on a separate list of “unreliable entities,” or companies deemed to threaten national security or “severely damage the legitimate interests” of domestic businesses.President Xi Jinping’s government frames that list, which hasn’t been released, as a response to the U.S. blacklisting of dozens of Chinese companies, including Huawei Technologies Co., SenseTime Group Ltd. and some video surveillance equipment makers. State media reported last week the government could release the list in retaliation for a U.S. bill supporting the Uighur minority in Xinjiang province.There’s no connection between social credit and the unreliable entities list, said an NDRC official, who asked not to be named in accordance with government policy.Some foreign corporations are funneling resources into staying ahead of the system. Trivium China charges $2,500 an hour to explain social credit to clients and as much as $50,000 for an audit.Sinolytics, based in Berlin and Zurich, said it’s working with European and U.S. multinationals in automobiles, pharmaceuticals, chemicals, manufacturing and logistics. It wouldn’t elaborate.“It’s kind of opaque for companies to work out what the exact situation is,” said Mirjam Meissner, a director at Sinolytics.The system also allows one arm of Xi’s administration to check whether another arm has penalized a company, such as with the Ministry of Emergency Management’s case against China Railway’s unit.After a glowing story in China Daily in March 2018 about the Menghua railroad, tipsters told local media that a fatal accident occurred while the 4th Engineering Company of China Railway 22nd Bureau Group was building a pier in Ji’an.A reporter learned from one victim’s family that the company paid 1.3 million yuan in compensation. Local investigators said the unit had been denying the accident for three months. Eventually, it admitted the August 2017 fatalities.Because of this “serious dishonest behavior,” the unit was among about 130 companies placed on the ministry’s blacklist in April 2019. It’s effective for a year.An employee at the China Railway unit said she couldn’t comment, and she declined to forward a request for comment to executives. Calls to China Railway Construction’s company secretary went unanswered. China Railway’s investor relations department didn’t respond to an email seeking comment.“At this point, the system is still expanding and it’s not clear exactly how far it will go,” said Lester Ross, a Beijing-based partner at law firm WilmerHale. “But we’ve seen in so many other respects how China’s government supervision system has become more elaborate, more detailed and more comprehensive. The corporate social-credit system bears the same potential.”To contact the reporters on this story: Jinshan Hong in Hong Kong at jhong214@bloomberg.net;Sharon Chen in Beijing at schen462@bloomberg.netTo contact the editors responsible for this story: John Liu at jliu42@bloomberg.net, ;Rachel Chang at wchang98@bloomberg.net, Michael TigheFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 3 “Perfect 10” Stocks Poised to Surge in 2020
    TipRanks

    3 “Perfect 10” Stocks Poised to Surge in 2020

    We are now in the last month of the decade, one which has seen the market rally to unprecedented heights. This year in particular, the S&P 500 has soared beyond expectations, and is on its way to its biggest yearly gain since 2013. The question on investors' minds is whether 2020 will see a continuation of the trend. Like anything else, when it comes to investing, there are no certainties, but we can try and mitigate the fear of the unknown by using the best tools at hand.TipRanks' Smart Score tool displays the "best stocks to buy" by collecting data from 8 key metrics and using the results to score the stocks accordingly - from 1, at the bottom, all the way up to a “perfect 10,” at the top.So, heading into the new decade we zoomed in on 3 stocks which apart from displaying Strong Buy status also rank up the higher echelons of the smart score chart. Let’s take a look.Caleres (CAL)The US-China trade war has wreaked havoc on all sorts of industries this year due to increased tariffs. The shoe industry has not been spared, either, as global footwear retailer, Caleres, can attest. The stock has vastly underperformed the market this year, slumping almost 20% overall.The recent third-quarter report was a mixed bag, too. The strong performance from Famous Footwear has contributed to record sales in the quarter, yet the increased tariffs weighed down on EPS, which came in at $0.78, and missed estimates by 5 cents. The company cut back its forecast for F2019 to reflect the impact of new tariffs.Nevertheless, 4-star Wedbush analyst Christopher Svezia is stepping up to call Caleres a buy: "CAL shares trade at a ~37% discount to historic levels, cheap for a stock with momentum building into a de-risked 4Q and another year of sales growth and margin expansion driving +LDD EPS gains for FY20.” The analyst further added, “CAL has significantly improved its op. model by divesting non-core assets and moving distribution towards premium channels while improving efficiencies, leading to higher-margin sales across much of its wholesale platform. There is room to drive more productive sales through speed to market capabilities, international growth, the launch of Veronica Beard in SP20 and more.“To this end, Svezia reiterated an Outperform rating on Caleres stock, along with a price target of $27, implying potential upside of 22% from today's closing price. (To watch Svezia’s track record, click here)Svezia isn't alone in his bullish take on Caleres' potential. The stock's "perfect 10" Smart Score indicates a "Strong Buy" analyst consensus, as well as increased hedge fund activity. (See Caleres’s stock analysis on TipRanks)Huya (HUYA)Talking of China, we move on to Guangzhou, which houses the headquarters of live streaming platform, Huya.The platform’s primary focus is gaming and esports, and in the last quarter alone it organized 110 e-Sports tournaments with over 500m viewers, as well as hosting 38 inhouse organized tournaments. The business is diversifying, though, with reality shows, musical performances, and animated content being added to the platform.The broadening of the company’s remit comes alongside international expansion. Huya currently has 17 million monthly active users outside China and has set its sights on 20 million by the end of the year. A driving force towards reaching this goal is the Huya owned Nimo TV, a Spanish language live streaming platform with markets predominantly in Latin America. There are half a billion Spanish speakers worldwide, a huge market for Nimo TV to tap into.Huya reported 3Q19 results with revenue and earnings ahead of consensus on better-than-anticipated live streaming and gross profit margins, and Jefferies’ Thomas Chong likes what he sees.The analyst opined, “Mid-point of 4Q19 revenue guidance is 5% and 11% ahead of consensus and our estimates… We believe the better-than-expected guidance is due stronger sequential growth in paying users, while the company is heading towards the goal of 150m domestic MAU (monthly active users). We see Huya as demonstrating strong execution in its domestic market with overseas expansion in the long run, thanks to its content diversification and localization strategies.”Accordingly, Chong maintained a Buy rating on the Chinese streamer, and increased his price target from $26.80 to $30. The target implies hefty potential upside of nearly 60%. (To watch Chong’s track record, click here)Huya's "perfect 10" score includes a “Strong Buy” consensus analyst rating alongside encouraging sentiment from bloggers and hedge funds. (See Huya's stock analysis on TipRanks)Zendesk (ZEN)Shares of customer service software maker Zendesk are up roughly 30% year-to-date. But not everything has been so glamorous for the stock, especially in the end of July. A disappointing Q2 report halted the upward curve, after which the share price fell sharply.The recent Q3 report was a mixed bag, too. While revenue grew year-over-year by 36%, there were diminishing returns from EMEA (Europe, the Middle East, and Africa) for the second quarter in a row on account of macro and sales implementation headwinds. Billings growth slowed down as well, dropping to 25% as opposed to 35% in the previous quarter.However, Piper Jaffray’s Brent Bracelin is not concerned, saying, “Despite mixed fundamentals over the last two quarters, we still view ZEN as a strategic cloud asset with a unique offering and customer base that sits squarely in an area where spending could increase materially in 2020.”Zendesk has been adding a set of complementary software products to its support ticketing system and customer service software, and these seem to be hitting the spot. Bracelin added, “Fortunately for ZEN, revenue growth has been resilient within the U.S. region accelerating to 41% vs. 38% last quarter driven by strong adoption of the Zendesk Suite and Duet bundles... Interest in Sunshine is high suggesting an even broader move up market could unfold if this product takes hold next year.”Bracelin assumed coverage on ZEN with an Overweight rating, alongside a price target of $94, which implies about 25% upside from current levels. (To watch Bracelin’s track record, click here)Overall, ZEN has received 10 “buy” and 2 "hold" ratings over the past three months. That, alongside encouraging sentiment from investors, bloggers and hedge funds, contributes to a "perfect 10" Smart Score for ZEN. (See Zendesk’s stock analysis on TipRanks)