Stock Pick

Category: Stock Market

  • Groupon Soars 28% In Pre-Market On Stellar 2Q Beat

    Groupon Soars 28% In Pre-Market On Stellar 2Q BeatShares of Groupon soared nearly 28% in the pre-market session on Friday after the online coupon company surpassed Street estimates by a wide margin. Though its sales and earnings declined year-over-year, cost-savings measures boosted its bottom line.Groupon (GRPN) reported a loss of $0.93 per share, narrower than the analysts’ expectations of a loss of $2.75 per share. Lower gross profit and a decline in adjusted EBITDA weighed on the company’s 2Q profits. The company reported earnings of $0.20 in the year-ago quarter. Revenues of $395.6 million also exceeded the Street estimates of $183.3 million, but were way behind the year-ago revenues of $532.6 million, due to lower units sold due to COVID-19-related pressures.Groupon interim CEO Aaron Cooper stated, "In the past four months, we have created significant operating leverage by taking substantial costs out of our business, leaned into categories to drive sales and free cash flow, and steadied the company during the pandemic.” The company is also planning to start the second round of layoffs in August to reduce its expenses. In April, Groupon said it was planning to furlough about 44% of its total workforce by July 2021.Earlier on June 18, Wedbush analyst Ygal Arounian lowered the his price target on Groupon to $22 (33.7% upside potential) from $35, with a Hold rating. Arounian had expected that Groupon would continue to “face a challenging operational environment, with significant demand headwinds likely to weigh through the end of Q2 and possibly 2020.”Currently, the Street has a cautious outlook on the stock. The Hold analyst consensus is based on 3 Holds, 2 Buys and 1 Sell. The average price target of $25 implies an upside potential of about 52%. (See GRPN stock analysis on TipRanks).Related News: Cloudflare Beats 2Q Estimates On Strong Customer Growth Fortinet Slips 7% After-Hours As 2Q Billings Missed Estimates Yelp Up 5% On Q2 Beat; RBC Says Stock ‘Needs A Vaccine Too’ More recent articles from Smarter Analyst: * ServiceNow Prices $1.5B Public Offering; Moody’s Assigns Baa1 Rating * Zillow Surges 13% On Better-Than-Feared Earnings; Analyst Urges Caution * Booking Holdings Sees Gross Bookings Plunge 91%; Analyst Still Says Buy * Cloudflare Beats 2Q Estimates On Strong Customer Growth

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  • Should You Be Tempted To ‘Sell’ Altria Group (MO) Stock

    Should You Be Tempted To ‘Sell’ Altria Group (MO) StockArtko Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -11.4% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Artko Capital’s top 5 stock picks for investors to buy […]

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  • A Quick Analysis On Antares Pharma’s (NASDAQ:ATRS) CEO Compensation

    A Quick Analysis On Antares Pharma's (NASDAQ:ATRS) CEO CompensationBob Apple became the CEO of Antares Pharma, Inc. (NASDAQ:ATRS) in 2016, and we think it's a good time to look at the…

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  • AMC expects to reopen all international theaters in three weeks

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  • Pfizer to make Gilead’s COVID-19 treatment remdesivir

    Pfizer to make Gilead's COVID-19 treatment remdesivirGilead is aiming to supply enough of the drug by the end of the year to treat more than 2 million COVID-19 patients, and agreed to send nearly all of its remdesivir supply to the United States through September. Earlier this week, a bipartisan group of state attorneys general urged the U.S. government to allow other companies to make Gilead’s remdesivir, to increase its availability and lower the price of the antiviral drug. Gilead said its manufacturing network for the drug had grown to more than 40 companies in North America, Europe and Asia to add capacity.

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  • Pan American Silver reports cash flow from operations of $62.8 million in Q2 2020 and updates 2020 guidance

    Pan American Silver reports cash flow from operations of $62.8 million in Q2 2020 and updates 2020 guidanceVANCOUVER, BC, Aug. 5, 2020 /CNW/ – Pan American Silver Corp.

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  • Trump moves to ban TikTok, WeChat with executive orders

    Trump moves to ban TikTok, WeChat with executive ordersPresident Trump has issued executive orders that could ban TikTok and WeChat within 45 days. Yahoo Finance’s Akiko Fujita discusses with Alexis Christoforous and Brian Sozzi.

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  • What Can We Learn About Twilio’s (NYSE:TWLO) CEO Compensation?

    What Can We Learn About Twilio's (NYSE:TWLO) CEO Compensation?Jeff Lawson became the CEO of Twilio Inc. (NYSE:TWLO) in 2008, and we think it's a good time to look at the…

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  • Zeneca Wilmington Inc. — Moody’s announces completion of a periodic review of ratings of AstraZeneca PLC

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  • Facebook Blasts Apple After Facebook Gaming iOS App Approved — but Without Any Games

    Facebook Blasts Apple After Facebook Gaming iOS App Approved — but Without Any GamesA new slugfest has erupted between two of Silicon Valley's biggest corporations. Apple, after repeatedly rejecting Facebook Gaming app for iOS devices, finally approved the social giant's app for the App Store. However, Facebook had to strip out games entirely — allegedly because of Apple's preconditions for it to be published in the App Store. […]

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