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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

4 years 11 months ago
ARK Invest has become a fund company to watch if you're a growth stock investor, and CEO, chief investment officer, and founder Cathie Wood is a big reason. She helped deliver market-thumping returns to her exchange-traded funds (ETFs) last year. This year has been challenging. S
The Motley Fool

What's Wrong With Renting Forever?

4 years 11 months ago
The topic of conversation at a suburban party I was attending was that someone's mother was still -- (gasp!) at her age -- renting. This woman, a resident of New York City, was in a financial bind by being on a fixed income and still paying rent. Presumably, she could have been d
The Motley Fool

FAANG is Dead. Long Live MANAMANA

4 years 11 months ago
In 2013 Mad Money's Jim Cramer casually launched one of the more widely adopted business mnemonics in history, describing the Four Horsemen of Big Tech by the acronym FANG.
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Why Shares of Silvergate Capital Are Surging This Week

4 years 11 months ago
What happened Shares of the crypto bank Silvergate Capital (NYSE: SI) are up nearly 37% since the close of trading last Friday after an analyst issued a note regarding the company's correlation to Bitcoin (CRYPTO: BTC). Shares may also be moving because of a report released by Pr
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Top 3 Growth Stocks to Buy in November 2021

4 years 11 months ago
November is here, and you're asking yourself, "Which stocks should I buy now?" I've got your back! I have three stock ideas for you to explore. These stocks have been beaten down from recent highs, and they could be an opportunity at these levels. Today's video is focused on thre
The Motley Fool

Facebook: Meta Rebranding, Stock Valuation, and More

4 years 11 months ago

Facebook’s (FB) rebranding to Meta reflects its intention to get a head start on its rivals as the advent of the metaverse potentially ushers in a whole new era.

Mizuho analyst James Lee thinks that in contrast to Facebook following trends over the past several years, investing “on the front-end of the innovation curve,” is a “strategically” positive move.

“We believe the metaverse opportunity could be as big as existing social media in terms of addressable users as the new social experience represents the next generation of internet after years of domination by mobile and PC,” the 5-star analyst further explained.

The new virtual world does not lack for use cases; games, commerce, fitness, education, entertainment and collaborative work efforts are just some of the niches which will be present in the avatar realm.

However, mass-market adoption could still be a while off; devices will need to improve both in form and performance, while the current price point for hardware of $300 will need to drop and become more affordable to widen the appeal beyond game enthusiasts.

Creating this new universe won’t be cheap, either; Facebook has already devoted $10 billion in FY21 toward the project.

Metaverse aside, following Facebook’s recent travails, Lee thinks the current valuation represents a compelling opportunity for investors, and the analyst counts several catalysts which will help the multiple “expand to the historical average.” These include including FB outperforming peers when faced with Apple’s IDFA and ATT user data initiatives and a pickup for SMBs (small and medium-sized businesses) action triggering an “upward revision” to the FY22 consensus revenue growth estimate of 20%. Additionally, Lee expects “downward revisions to the expense growth guidance” of roughly 30% year-over-year in FY22, citing management’s recent history of issuing an overly conservative outlook.

To this end, Lee reiterates a Buy rating on FB shares along with a $450 price target. This figure implies ~35% upside potential from current levels. (To watch Lee’s track record, click here)

Most of Lee’s colleagues are on the same page; FB stock has a Strong Buy consensus rating, based on 29 Buys vs. 6 Holds and 1 Sell. The analysts expect shares to add ~22% of value over the coming months, given the average price target clocks in at $405.59. (See FB stock analysis on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

TipRanks

Why Nvidia Stock Rocketed Higher Today

4 years 11 months ago
What happened For the sixth day in a row, shares of semiconductors specialist Nvidia (NASDAQ: NVDA) marched higher Thursday -- actually, they kind of ran higher, running up 8.5% through 11:11 a.m. EDT on the back of positive analyst commentary from Wells Fargo.
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Microsoft's Ascension, Facebook's Metamorphosis

4 years 11 months ago
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) rises on (what else?) strong ad sales. Visa (NYSE: V) gets a visit from the U.S. Department of Justice. Facebook (NASDAQ: FB) changes its name to Meta. Atlassian (NASDAQ: TEAM) hits a new all-time high.
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Alphabet Makes Its Own Rules; and the Big Deal That Wasn't

4 years 11 months ago
Tune in for breakdowns on how we're even more confident in Spotify's (NYSE: SPOT) ad strategy after pouring through the results, and how Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google's properties continue to defy the law of large numbers. Also, we touch on the Pinterest (NYSE:
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Notable ETF Inflow Detected - SPY, MSFT, GOOGL, FB

4 years 11 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P 500— ETF Trust (Symbol: SPY) where we have detected an approximate $4.6 billion dollar inflow -- that's a 1.1% increase we
BNK Invest

My Top Tech IPO to Buy in November

4 years 11 months ago
Since the start of the year, we have seen over 870 companies enter the market via an initial public offering (IPO). That figure, which excludes special purpose acquisition companies (SPACs), is up over 140% from the same period in 2020.
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