Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sold Puts on: DUOL, ET, LMT.
Sold Calls on: COP, CVS, CLFD.
Waiting for an up pattern on BMBL to sell calls on.
I will be selling 25 Calls for an elevated price, thanks to the earnings report.
Revise Their Forecasts On Bumble Following Q1 Results
BENZINGA 8:44 AM ET 5/9/2024
Symbol Last Price Change
BMBL 10.27up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/08/2024
Bumble Inc. (BMBL) reported better-than-expected first-quarter financial results on Wednesday.
Bumble posted quarterly earnings of 19 cents per share, beating market estimates of 17 cents per share. The company's quarterly sales came in at $267.77 million versus expectations of $265.47 million, according to data from Benzinga Pro.
“We delivered solid Q1 financial results while making great progress on our plans to unlock Bumble’s next phase of growth,” said Lidiane Jones, CEO of Bumble Inc.(BMBL) “We’re actively listening to our customers and building experiences that put joy back into the online dating experience. We relaunched Bumble App – the first chapter in Bumble’s evolution – to give women more choice in how they Make The First Move, showcasing a new pace of innovation and renewed commitment to our mission.”
Bumble said it sees second-quarter revenue of $269 million to $275 million versus estimates of $278.63 million.
Bumble shares fell 0.3% to close at $10.27 on Wednesday.
These analysts made changes to their price targets on Bumble following earnings announcement.
Evercore ISI Group raised the price target on Bumble from $17 to $18. Evercore ISI Group analyst Shweta Khajuria maintained an Outperform rating.
Goldman Sachs cut the price target on Bumble from $18 to $15. Goldman Sachs analyst Alexandra Steiger maintained a Buy rating.
Now Read This: Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month
InvestorsHub, also known as iHub, is a US subsidiary of ADVFN, a UK-based investing site that trades on the London Stock Exchange under the ticker LSE: AFN. HubSpot, Inc. (HUBS) stock trades on the NYSE stock exchange.
GOOG is planning to buy HUBS.
Volume is too low to have too much meaning. People are waiting for the CPI Report next week and afraid to commit too much money prior to it.
It all matters to me, especially with the 150 plus stocks I follow very closely. The moment there is news on any of them I am alerted.
When the news changes I may change my mind also.
Sold CPNG at 3:59pm.
Coupang Shares Fall After Mixed Q1 Results: Here's Why
BENZINGA 2:25 PM ET 5/8/2024
Symbol Last Price Change
CPNG 21.5down -2.15 (-9.0909%)
QUOTES AS OF 02:35:06 PM ET 05/08/2024
Coupang, Inc. (CPNG) shares are trading lower Wednesday after the company posted mixed first-quarter financial results. Here's a look at the key figures from the report.
The Details:
Coupang (CPNG) reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of 6 cents per share, unchanged from the same period last year.
Quarterly sales clocked in at $7.11 billion which beat the analyst consensus estimate of $6.91 billion and represents a 22.66% increase over sales of $5.8 billion from the same period last year.
The company said Product Commerce segment net revenues were $6.5 billion, up 15% year-over-year, and Product Commerce active customers reached 21.5 million, growing 16% year-over-year.
"Our results are a reflection of our commitment to customer experience and operational excellence,” said Gaurav Anand, CFO of Coupang(CPNG). “We continue to be focused on wowing our customers as we remain just single digit share of a massive and highly fragmented $560 billion commerce opportunity in Korea, and an even smaller share in Taiwan.”
Mizuho analyst James Lee maintained a Neutral rating on Coupang(CPNG) and raised the price target from $20 to $23 following the print.
Related News: Reddit Shares Soar On First Post-IPO Q1 Results, Strong Q2 Guidance
Should I Sell My CPNG Stock?
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Coupang(CPNG) have gained 30.34% year to date. This compares to the average annual return of -13.91%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Coupang(CPNG) stock currently has an RSI of 72.53, indicating overbought conditions.
For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.
CPNG Price Action: According to Benzinga Pro, Coupang(CPNG) shares are down 8.82% at $21.57 at the time of publication Wednesday.
Image: Courtesy of Coupang, Inc.(CPNG)
Following it very closely.
I was planning to hold CEG and even add to it after the report, but I think in view of the news I received just 30 minutes ago, I should be able to buy it back lower.
After a very nice 10% gain in CEG shares i sold since I did not want to be holding them tomorrow when they report, instead switched into NXT, they report on the 14th and are expected to have a big gain in earnings.
I like to stick to cutting my losses after 10% and if there are extenuating circumstances then I may let it go to 20%, but that is line in the sand.
I learned the final lesson with JKS and JD.
ALGN is a broken stock and is also being litigated against. I had 4 Puts sold at a strike of 260, but it hit a 10% loss and coupled with the bad news it is getting bought back on rebounds, so far 1 Puts was bought back.
Added HIMS and closed BURL, PROP, URI and TAK.
We are in a consolidation phase and the market is what some call dull. It is not a market to short, based on past experiences.
Just the title will ring alarm bells, but read the rest.
Good information:
Hedge Fund Legend Druckenmiller Shares His Top Secrets For 30% Returns
BENZINGA 5:53 PM ET 5/7/2024
Symbol Last Price Change
MSFT 411.42up +2.08 (+0.5081%)
CPNG 22.11up -1.54 (-6.5116%)
NVDA 898.21up -7.33 (-0.8095%)
LLY 775.3up -2.47 (-0.3176%)
STX 89.65down +0.14 (+0.1564%)
QUOTES AS OF 11:45:48 AM ET 05/08/2024
Legendary hedge fund manager Stanley Druckenmiller is known for making the right bets at the right time.
He came to fame In the early ’90s after a short against the British pound earnedGeorge Soros, his boss at the time, over $10 billion overnight.
Since then, his hedge fund Duquesne Capital, now called Duquesne Family Office, has made an average of 30% returns a year.
According to the Bloomberg Billionaires Index, 70-year-old Druckenmiller boasts a fortune of almost $10 billion.
In a CNBC interview from Tuesday morning, Druckenmiller said he's not sure how he was able to achieve such impressive returns on a consistent basis for all these years.
"I have no idea. I don't know how I did it. So, I don't even know who that person was," he said.
Yet throughout the years, the investor has shared enough advice and other information that his investment philosophy can be pieced together.
According to SEC filings, the Duquesne Family Office's largest equity investment by the end of 2023 was Microsoft Corp(MSFT), owning more than 1 million shares, reaching 13% of the fund's holdings.
Other large holdings include Korean e-commerce company Coupang Inc(CPNG), NVIDIA Corp(NVDA) ,Eli Lilly And Co(LLY), Teck Resources Ltd Class B and Seagate Technology Holdings PLC(STX) .
Druckenmiller mentioned he exited some of his Nvidia(NVDA) positions after the stock went from $150 to $900 in just a few months.
Also Read: Analyst Warns Of 60% Market Crash Amid Recession Fears: ‘Probably Going To Turn Lower’
Druckenmiller's Five Tips For Investing Success
• Learning from the best beats a high pay: “If you're early on in your career and they give you a choice between a great mentor or higher pay, take the mentor every time. It's not even close,” said Druckenmiller, according to QuoteWise.
Druckenmiller worked as a fund manager for the Quantum Fund, under the guidance of billionaire philanthropist Soros for over 12 years between 1988 and 2000.
• Bet on your convictions: In 2008, Druckenmiller said he learned a lot from Soros, but not what he initially expected to learn.
"I did not learn what makes the yen go up or down, or what makes the stock market go up or down. Soros's great gift was how to use leverage, and how much money to have down based on the risk/reward and your sense of conviction. His view on the yen or the euro was better than random, but not much. And yet he was still one of the great money managers ever because he knew how to bet his convictions."
• Sometimes it's okay to put all your eggs in one basket: "The mistake I'd say 98% of money managers and individuals make is they feel like they got to be playing in a bunch of stuff. If you really see it, put all your eggs in one basket and then watch that basket very carefully.”
• Look ahead, always: “Never, ever invest in the present. It doesn't matter what a company's earning, what they have earned… you have to visualize the situation 18 months from now, and whatever that is, that's where the price will be."
• Diversify across asset classes, not just across industries: "I was also lucky to travel across asset classes. I traded commodities, currencies, bonds and equities, and it gave me discipline, if I didn't have a good idea in equities, I was happy to have no equities."
Now Read: Jeff Bezos-Backed Perplexity AI Is Now A Unicorn After Latest Fundraise: SoftBank’s Masayoshi Son, Nvidia(NVDA) ‘Doubled Down’ On Support
AXON volume is at its heaviest since 10:37 am this morning, after its big fall. It is pushing the price upward and there is no negative news on AXON today. Some profit taking came as it did each top today, it will be interesting to see how the price deals with it. I am comfortable with the shares I own, the average price is just above where we are now.
AXON reversed its lower highs of earlier to higher lows and higher highs and I added more. It is now above 311, however, the volume is too weak for me. I would like to see 1000-4000 shares /minute to confirm this move to higher highs.
We are now above 312 and a little more volume would push the share price into the 314 area, where we shall see a major resistance.
Looks like AXON was stopped again by the resistance at 310.6.
AXON must close above 311 in the very short term and then it could become support. Heavier volume had been coming in the last couple of hours, perhaps the smart money?
AXON decided to move up and a solid volume and PPO signal, so I added to it.
Craig-Hallum Maintains Buy on Axon Enterprise, Raises Price Target to $370
BENZINGA 12:13 PM ET 5/7/2024
Symbol Last Price Change
AXON 309.66up -17.98 (-5.4877%)
QUOTES AS OF 01:01:55 PM ET 05/07/2024
Craig-Hallum analyst Jeremy Hamblin maintains Axon Enterprise(AXON) with a Buy and raises the price target from $325 to $370.
The share price keeps dropping all day, I wonder who sees a rotten egg here. Half a dozen brokerages raised its PT and it had a good report and a positive forecast for the year. Some one with big bucks is moving these shares down. If it drops another 5% I will be adding.
It could be technical, since it failed twice today to even try to close the gap from the open, since then it is making lower highs and lower lows.
That is a big negative, yet at one point it will be seen as a value play with support under it.
YOU increased its dividend from a penny to a dime. I am holding YOU.
Opened VCTR, earnings could be better than last year.
Opened HAS.
Bought back Puts: JKS 7 for 40% loss, held it too long, MO 20, PEP 5, SPOT 1, VICI 10 closed it.
If he wins the prisons will have an open gate.
Added to AXON I seem to see a misprice here.
Before committing money I read this one always and then look at other resources also. Wall Street's Most Accurate Analysts' Views
On 3 Risk Off Stocks With Over 3% Dividend Yields
BENZINGA 7:48 AM ET 5/7/2024
Symbol Last Price Change
CALM 56.92down 0 (0%)
MO 43.49up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/06/2024
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
Cal-Maine Foods, Inc. (NASDAQ:CALM)
Dividend Yield: 3.30%
Stephens & Co. analyst Ben Beinvenu reiterated an Equal-Weight rating with a price target of $65 on April 3, 2024. This analyst has an accuracy rate of 75%.
Goldman Sachs analyst Adam Samuelson maintained a Sell rating and increased the price target from $42 to $47 on March 12, 2024. This analyst has an accuracy rate of 66%.
Recent News: On April 4, Cal-Maine Foods(CALM) said Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024.
Altria Group, Inc. (NYSE:MO)
Dividend Yield: 9.01%
Stifel analyst Matthew Smithreiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 64%.
Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 68%.
Recent News: On April 25, Altria Group(MO) reported a first-quarter FY24 sales decline of 2.5% year-on-year to $5.58 billion, beating the analyst consensus estimate of $4.71 billion.
Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
Dividend Yield: 5.79%
UBS analyst Kevin Caliendomaintained a Neutral rating and cut the price target from $25 to $22 on April 3. This analyst has an accuracy rate of 74%.
Morgan Stanley analyst Erin Wright maintained an Underweight rating and lowered the price target from $21 to $20 on April 1. This analyst has an accuracy rate of 73%.
Recent News: On April 24, DoorDash and Walgreens announced a new collaboration to offer SNAP/EBT payment at nearly 7,800 Walgreens stores across the country.
Read More: Over $10M Bet On Sensata Technologies? Check Out These 4 Stocks Insiders Are Buying
Adding to LDOS and AMKR. Selling ELAN.
They obviously do not follow the REAL news.
A good yield. I would be adding to it below 50.
O also beats estimates.
SPG beats estimates and raises dividend 8.3%.
We closed significantly above the SPX 50day/ma with a 5180 close. The 50day/ma was at 51.31.
Sold Covered Calls: CVS 8, COP 7, SKYW 3.
Bought back a few Puts, some of them are: JPM 5 and PEP 5.
Out of FND.
On this buy signal from PPO in EAT, did not add to it due to the volume weakening.
Added a little to EAT, another buy signal from PPO.
EAT gave me a nice heads up signal on PPO to buy.
We were just below the 50day/ma Friday at the close, we need to close above it, preferably with stronger than normal volume to chase the Bears away.
Morning Bid: Relief (mostly) everywhere
REUTERS 5:20 AM ET 5/6/2024
Symbol Last Price Change
AAPL 183.38up 0 (0%)
BRK/A 603000up 0 (0%)
TSN 62.02up 0 (0%)
L 76.4up 0 (0%)
MCHP 91.36down 0 (0%)
VRTX 401.08up 0 (0%)
O 55.26up 0 (0%)
SPG 142.93up 0 (0%)
IFF 86.64up 0 (0%)
PGR 208.72up 0 (0%)
QUOTES AS OF 04:15:00 PM ET 05/03/2024
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.
The relief across world markets as signs of a softening in the U.S. jobs markets strengthens the case for Federal Reserve rate cuts to start later this year remains palpable.
Not only did U.S. 10-year Treasury yields end Friday down 17 basis points, in their biggest weekly drop of the year, but the S&P 500 stock index had its best day in over two months.
Investors in Asia picked up the buy-baton on Monday, sending MSCI's broadest index of Asia-Pacific shares outside Japan to its highest in over a year and government bond yields in Europe are lower again.
For sure, public holidays in Japan and Britain make for quieter trade, but there is little doubt the mood music in markets has changed after Friday's news that the U.S. economy created 175,000 new jobs in April, the lowest since October.
Money markets are back to pricing in roughly two 25 bps Federal Reserve rate cuts this year. Last week, traders came close to no longer fully pricing in one cut for the year as nervous markets started to position again for higher for longer rates.
Market attention now turns to the Fed's Senior Loan Officer Survey, a closely-watched indicator of credit conditions, expected later in the session.
The last survey, released in February, showed U.S. banks anticipated an increase in demand for loans as rates fall this year.
One key question is whether the improvement in bank lending conditions could be undermined by the rise in government borrowing costs this year, with two-year Treasury yields up 55 bps.
It is also notable that the relief felt across world markets after the latest U.S. jobs data did not last long for some. While dollar/yen fell sharply after those numbers on Friday as markets renewed Fed rate-cut nets, the currency par is 0.5% firmer in early European trade not far off 154.
That essentially means the Bank of Japan, which was suspected to have intervened in currency markets last week to shore up a weak yen, still has its work cut out.
Given that Japanese authorities picked last week's quiet periods to intervene in the currency market, traders will be on high alert through the day.
Elsewhere, China's yuan surged to a six-week high against the dollar, catching up on the first trading day after the long Labor Day holiday, as the central bank set a much strengthened midpoint fixing to track offshore movements.
Apple (AAPL) shares, meanwhile, could be in focus after news at the weekend that Berkshire Hathaway(BRK/A) significantly reduced its enormous stake in the iphone maker.
Key diary items that may provide direction to U.S. markets later on Monday:
* U.S. April employment trends, New York Fed's Global Supply Chain Pressure Index for April
* New York Federal Reserve President John Williams, Richmond Fed President Thomas Barkin speak. Swiss National Bank Chair Thomas Jordan speaks
* Chinese President Xi Jinping in France as part of week-long visit to Europe
* U.S. corporate earnings: Tyson Foods(TSN), Loews(L), Microchip Technology(MCHP), Axon, Vertex Pharmaceuticals(VRTX), Realty Income(O), Simon Property(SPG), FMC, International Flavors & Fragrances(IFF), Progressive Corp(PGR), Williams
* U.S. Treasury auctions 6-month bills
(Reporting by Dhara Ranasinghe; editing by Ed Osmond)