Our indicative Theme of Internet Infrastructure Stocks which includes a diverse set of companies that sell semiconductor products, networking equipment, and related products that underpin the Internet – has gained about 19% year-to-date, significantly outperforming the S&P 500 which is up by about 5% year-to-date. (as of 10/28/2020). These stocks should benefit from the growing requirement for connectivity and computing power, as the Covid-19 pandemic accelerates the shift online. While Nvidia (NASDAQ: NVDA) remains the strongest performer, up 130% year-to-date, Intel (NASDAQ: INTC) and Cisco (NASDAQ: CSCO) have underperformed significantly, and are down by almost 20%.
Nvidia (NVDA) is a semiconductor company best known for its graphic processing units (GPUs) that are increasingly used in servers for machine learning and artificial intelligence. In September, the company said that it would acquire U.K based chip designer ARM which specializes in power-efficient central processing units (CPU). The stock is up 131%
Our indicative Theme of Internet Infrastructure Stocks which includes a diverse set of companies that sell semiconductor products, networking equipment, and related products that underpin the Internet – has gained about 19% year-to-date, significantly outperforming the S&P 500 which is up by about 5% year-to-date. (as
Investors are always on the lookout for the best stock purchase, but the signs that indicate the ‘right’ stocks are an inconsistent lot. A high or rising share price, upside potential, or dividend payment have all been used – but all have their exceptions. Some investors say to keep away from low-cost stocks, as a price under $5 gets that low for good reason – but some ‘penny’ stocks are fundamentally sound and show the best upsides in the market.
With this in mind, we used TipRanks’ database to find compelling stocks with bargain price tags. The platform steered us towards three tickers sporting share prices under $5 and Moderate or Strong Buy consensus ratings from the analyst community. Not to mention substantial upside potential is on the table.
LiveXLive Media (LIVX)
We’ll start in digital media, a tech niche that has gained from the various lockdown policies
lost nearly a quarter of its market valuation on Monday after the company issued a sobering update to its financial forecast for the rest of the year, along with weaker-than-expected third-quarter results.
The slide was weighing on shares of hardware and software companies with substantial exposure to enterprise information-technology spending.
While there has been much discussion about how the Covid-19 pandemic is driving an acceleration in “digital transformation,” the global economic downturn triggered by the outbreak has also spurred many affected companies to slow or reduce spending plans in response. In short, while the pandemic has helped a few well-placed tech companies—including
Zoom Video Communications
(DOCU)—it has been a drag on others, particularly those with significant exposure to retailing, airlines,
Internet stocks’ third-quarter 2020 performance is expected to have significantly benefited from an uptick in the demand for Internet-based services and products as a result of the coronavirus-led growing work-from-home and learn-from-home trends.
Moreover, the practice of social distancing in a bid to contain the virus outbreak has bolstered growth of online shopping services globally, which, in turn, is expected to have remained a major tailwind.
Further, the growing proliferation of video conferencing tools, thanks to the increasing remote working trend, is anticipated to have remained a positive in the quarter under review.
Additionally, increased user engagement on social media platforms, owing to the coronavirus outbreak-led lockdowns and shelter-at-place guidelines, is likely to have aided growth of the Internet companies that offer such platforms.
This is evident from the better-than-expected performance delivered recently by Snap SNAP. The company’s third-quarter 2020 results were primarily driven by an improved user engagement, which
Mid-Cap Stock Picks With Anil Singhvi: JK Lakshmi Cement, CDSL, Sonata Software are stocks to buy, says Siddharth Sedani
Your favourite business channel Zee Business always wants you, as an investor, to reap bumper returns from your smart investments in the stock markets, and that’s why Zee Business Managing Editor and Market Guru Anil Singhvi suggests best stocks to buy through his panel of eminent market voices and share bazaar experts.
The stock market on Thursday closed negative, BSE Sensex was down 149 points (0.4%) to close at 40,558, NSE Nifty was down 41 points (0.35%) and ended the day at 11,896. Today, the Market Guru spoke to Siddharth Sedani, to know the latter’s Short Term, Positional and Long Term mid cap stock picks having strong fundamentals for reaping excellent returns. And, here we list them all:
(Reuters) – European stocks hit their lowest level in almost a month on Thursday, as a fall in German consumer morale, worries about soaring coronavirus cases in the continent and a U.S. stimulus impasse weighed on sentiment.
The German DAX .GDAXI fell 0.9% and lagged its European peers, as a survey showed consumer morale in Europe’s largest economy dropped heading into November.
The pan-European STOXX 600 .STOXX was down 0.7%, after falling as much as 1.2% to hit its lowest since Sept. 25.
COVID-19 cases have climbed in Europe, with Spain becoming the first Western European nation to exceed 1 million infections and Italy setting a record increase in daily cases.
The number of confirmed cases in Germany jumped by more than 10,000 in a single day for
As Snap Inc. announced its third-quarter earnings report on Tuesday, its rival social media sites’ stock prices trended upwards at a significant clip, in what some analysts attributed to an increase in advertising spending on the platforms, Bloomberg reported.
Snap (SNAP) reported a revenue increase of 52% to $679 million for the quarter compared to Q3 2019. Net loss was $200 million, down from $227 million a year earlier, and operating cash flow improved by $21 million to $55 million for the quarter.
Snap’s stock was up over 30% on Wednesday with the news of the earnings, but so was its competitors. Pinterest Inc. (PINS) was up nearly 8% by mid-afternoon while Twitter’s (TWTR) shares rose by nearly 8%, and Facebook (FB) saw a stock price increase over 5% at the same time.
According to Bloomberg, two analysts raised their ratings on Pinterest to buy following the release of Snap’s
With earnings season gathering pace, now is the time to re-evaluate your portfolio. However, in such an unpredictable environment, investors need to be particularly savvy when making critical investing decisions.
“Markets are now hoping for (and trading on) a smooth election, a big stimulus, the end of the pandemic, and the economy being back to 2019 normal early next year,” said Brad McMillan, chief investment officer at Commonwealth Financial Network. This makes the market particularly vulnerable to disappointment. Indeed, the S&P 500 pulled back this week as stimulus hopes wane and corona fears resurface.
In order to find compelling investing opportunities, it’s worth following the latest stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service attempts to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success