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Could The Market Be Wrong About Biogen Inc. (NASDAQ:BIIB) Given Its Attractive Financial Prospects?
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Trade Alert: The Director of Operations & Member of Management Board Of British American Tobacco p.l.c. (LON:BATS), Alan Davy, Has Just Spent UK£2.5k Buying A Few More Shares
Whilst it may not be a huge deal, we thought it was good to see that the British American Tobacco p.l.c. (LON:BATS…
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Are Institutions Heavily Invested In Spirit Airlines, Inc.’s (NYSE:SAVE) Shares?
A look at the shareholders of Spirit Airlines, Inc. (NYSE:SAVE) can tell us which group is most powerful. Large…
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DraftKings Unveils New Pennsylvania Casino App; Analyst Says Buy Now
Online betting giant DraftKings (DKNG) has announced the launch of a standalone Casino app in Pennsylvania. This marks the second state where the app will be made available, following last month’s launch in New Jersey.According to DraftKings, iGaming fans in Pennsylvania will now be able to experience a more holistic product suite and dynamic gaming experience.Like in New Jersey, the app features exclusive new games, plus revamped classics, including Blackjack and Roulette. It will also offer games from third-party providers like International Gaming Technology.DraftKings Casino was previously made available to Pennsylvanians through the DraftKings Sportsbook app earlier this spring. Looking forward, DraftKings says Pennsylvania customers will also soon have access to the DraftKings Live Dealer Studio which will operate 24/7.DraftKings added that it is prepared to unveil its Casino product in additional states where regulations allow.Shares in DraftKings have exploded by an incredible 180% since its Nasdaq debut in April- although the stock is trading down 27% on a one-month basis. Rosenblatt analyst Bernie McTernan has a buy rating on the stock and Street-high $60 price target (98% upside potential).“We continue to be bullish on DKNG following data… showing iGaming momentum continues and DKNG could be taking share” he told investors, adding that sports betting revenue also increased year-over-year, for the first time since February.“We think investors should use the recent pullback in shares, likely related to near-term uncertainty of sports returning, as a buying opportunity, especially for those with long-term time horizons” he concluded.Overall, DraftKings scores 10 Buy ratings versus 1 Hold rating adding up to a Strong Buy analyst consensus. The $47 average price target implies 56% upside potential in the shares over the coming year. (See DraftKings stock analysis on TipRanks).Related News: Walmart To Launch Online Subscription Service For $98 Per Year- Report Microsoft To Spin-Off Xiaoice, China’s Teenage Chatbot Google In Talks To Buy $4B Stake In India’s Jio Platform – Report More recent articles from Smarter Analyst: * Comcast’s NBCUniversal Rolls Out Peacock Streaming Service * Boston Scientific Mulls Billion-Dollar Snake Venom Sale -Report * Walmart Leads $1.2B Funding Round For Flipkart’s E-Commerce Biz * Boeing Reports 60 Canceled Orders For The 737 Max In June
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News on the move: U.S. executes first federal prisoner in 17 years, Luckin names new Chairman, Ford introduces 2021 Bronco
Yahoo Finance’s Adam Shapiro and Julie Hyman break down Tuesday’s top trending headlines. from Yahoo Finance https://ift.tt/2CbzWz7
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Big money managers are worried about the trade they love most: Morning Brief
Top news and what to watch in the markets on Wednesday, July 15, 2020.
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Why Boohoo Factory Abuse Is Still Making Headlines
The ultra-fast-fashion retailer navigates bad press and investor fallout over factory abuse allegations.
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Why the A2 milk share price gained 38% in the first half of 2020
The A2 Milk Company Ltd (ASX: A2M) share price is synonymous with growth investing. It has gained a remarkable 3436% since listing in early 2015. A2 Milk’s share price has been largely unaffected by the COVID-19 pandemic this year, with the New Zealand based company benefitting from some serious tailwinds.
As the All Ordinaries (INDEXASX: XAO) has lost ground, dropping over 9% since the start of the year, the A2 Milk share price gain of 38% can be seen as all the more impressive.
What tailwinds have caused A2 Milk to rise?
The A2 Milk share price has seen consistent growth over the year, pushing aside worries surrounding COVID-19 and embracing the tailwinds resulting from the pandemic.
With the fear of impending lockdown restrictions in early March, consumers rushed to supermarkets to strip shelves bare and stockpile necessities. As a result of this rapidly changing consumer purchase behaviour, A2 Milk saw revenue soar for Q3.
Furthermore, the company’s China segment delivered some strong revenue figures in Q3. Transacting in US dollars, this segment benefitted from a sharply depreciating New Zealand dollar through March which saw revenue favourably impacted.
The coronavirus crisis also helped reduce A2 Milk’s overhead costs. These tracked lower than expected due to travel restrictions and planned recruitment, particularly in China, being delayed. Despite the uncertainty surrounding the pandemic, the company still managed to announce further, upcoming expansion into the Canadian market.
A2 Milk share price rising on strong financial results
In February, A2 Milk’s share price posted gains of more than 6% with the company announcing strong, half year results. Some of the highlights of this release were as follows:
- Total revenue increased to NZD$806.7 million which was an increase of 32%
- EBITDA also increased up 21%
These results showed the company had made substantial gains in both revenue and earnings. Strong performances were reported in the key product segments of infant nutrition and liquid milk across core markets.
Later in April, the company provided the market with another positive trading update in which it noted continued strong revenue growth across all key regions, particularly with respect to infant nutrition products sold in China and Australia. The company also increased its predicted full year EBITDA margins up to 31-32%.
What now for A2 Milk?
Despite its recent strong, share price growth, I believe investors in A2 Milk still have cause for optimism. Short term, a level of panic buying has returned, thanks to the recent COVID-19 outbreaks in Melbourne, which is likely to benefit the company’s revenue and share price. Longer term, there is growing, global demand for premium dairy products, particularly infant formula in Asia, and A2 Milk is continuing to cement its international presence. Since the end of June, the A2 Milk share price has continued its impressive run to currently trade at $19.80.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
More reading
- Broker warns Afterpay and these ASX stocks are caught in an overcrowded trade
- New investors could invest $1,000 into these top ASX shares
- 3 top ASX 200 blue chip shares to buy
- Where to invest $10,000 into ASX 200 shares right now
- a2 Milk and 1 other quality ASX share to buy right now
Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post Why the A2 milk share price gained 38% in the first half of 2020 appeared first on Motley Fool Australia.
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Where to invest your first $500 into ASX shares
If you’re looking to make your first investment in the share market, then you’re in luck.
I believe there are a good number of ASX shares which have the potential to generate strong returns for investors.
If you have just $500 to invest, then I would suggest you think long-term. This is because brokerage costs will inevitably eat into your profits if you are constantly buying and selling shares.
But which shares should you buy? I think these 3 ASX shares would be great long-term options for a $500 investment:
Electro Optic Systems (ASX: EOS)
Electro Optic Systems is an exciting company which I believe could be destined for big things. It is Australia’s largest aerospace company and the largest defence exporter in the Southern Hemisphere. I’m a big fan of the company due to its highly experienced team and the long-established partnerships it has with major global aerospace giants. Another big positive is that it has just entered into contract negotiations with the Australian Government for the acquisition of 251 Remote Weapon Stations and related materiel. Combined with its massive backlog of work, I believe it is well placed to deliver solid earnings growth over the next few years.
Nearmap Ltd (ASX: NEA)
Another option to consider buying with the $500 is Nearmap. It is an aerial imagery technology and location data company with operations in the ANZ and North American markets. Although FY 2020 has been a tough year and it is going to fall short of its original guidance, this underperformance was largely out of the hands of management. In light of this, I think investors should look beyond this short term weakness and focus on its very positive long term outlook. Nearmap’s high quality software has given it a leading position in a highly fragmented market currently worth $2.9 billion per year. This is materially more than the annualised contract value (ACV) of $103 million to $107 million it now expects to achieve in FY 2020. Furthermore, Nearmap has the option to increase its addressable market by expanding into other territories in the future.
NEXTDC Ltd (ASX: NXT)
NEXTDC is an innovative data centre-as-a-service provider which I think could be a great option for a $500 investment. It has a growing number of centres in key strategic locations across Australia which are providing the infrastructure platform for the digital economy. Demand for capacity in its centres has been so strong this year the company has had to bring forward expansion plans. This appears to have put it in a position to report a very strong full year result next month. And with the cloud computing boom expected to accelerate over the next decade, I believe NEXTDC is well-placed to deliver strong earnings growth for the foreseeable future.
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- 4 excellent ASX growth shares to buy in FY 2021
- Why the Electro Optic Systems share price fell 16% in June
- 3 exciting ASX tech shares to buy and hold for a decade
- Why I would buy Nearmap and this mid cap ASX share right now
- Pointerra share price soars 77% on $2.5 million placement to tech entrepreneur
James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Electro Optic Systems Holdings Limited and Nearmap Ltd. The Motley Fool Australia has recommended Electro Optic Systems Holdings Limited and Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post Where to invest your first $500 into ASX shares appeared first on Motley Fool Australia.
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Delta Posts $2.8B Quarterly Loss, Cuts Summer Flights Amid Rise In Covid-19 Cases
Delta Air Lines Inc. (DAL) reported its second consecutive quarterly loss as the U.S. airline pared back its flight capacity plans for August by 50% with demand stalling again amid a renewed rise in Covid-19 cases.Delta ended the second quarter with an adjusted $2.8 billion net loss, or a $4.43 loss per share, as total adjusted revenue, which excludes refinery sales, plunged 91% to $1.2 billion year-on-year.Looking ahead, the U.S. airline expects overall revenue for the September quarter will be only 20% to 25% of last summer, as demand growth flattened recently with the rise in Covid-19 cases. Meanwhile, business travel, which typically provides 50% of Delta’s revenue, has not yet returned in any meaningful way, the company added.The “decline in revenue over last year, illustrates the truly staggering impact of the Covid-19 pandemic on our business. In the face of this challenge, our people have acted quickly and decisively reducing our average daily cash burn by more than 70% since late March to $27 million in the month of June,” said Delta’s CEO Ed Bastian. “Given the combined effects of the pandemic and associated financial impact on the global economy, we continue to believe that it will be more than two years before we see a sustainable recovery.”Delta ended the June quarter with $15.7 billion in liquidity. The U.S. carrier had total debt and finance lease obligations of $24.6 billion with adjusted net debt of $13.9 billion. During the June quarter it recorded a write-down of $1.1 billion in its investment in LATAM Airlines and a $770 million write-down in its investment in AeroMexico following their financial losses and separate Chapter 11 bankruptcy filings.The bleak outlook for a recovery of the aviation crisis pushed Delta shares down 2.7% to close at $26.11 on Tuesday. The stock plunged 55% this year as the steep plunge in passenger traffic fueled by the coronavirus-related travel restrictions has forced many global airlines, including Delta to park their planes, streamline operations and cut costs, as well as raise debt to boost liquidity.Delta rose 5.3% in Tuesday’s after-market trading as Citigroup analyst Stephen Trent maintained a Buy rating on the stock with a $38 price target, saying that the airline’s liquidity “looks strong”.“On the back of what was the most difficult quarter in aviation history, Buy-rated Delta’s response to the Covid-19 pandemic looks about as good as any global network carrier could have managed under the circumstances,” Trent wrote in a note to investors.In line with Trent, the rest of the Street has a bullish rating outlook on the stock. The Strong Buy consensus breaks down into 9 Buys versus 3 Holds. What’s more, the $38 average price target implies investors may come home with a return of 46%, should the target be met in the next 12 months. (See Delta stock analysis on TipRanks).Related News: Airbus First-Half Deliveries Drop 49% Amid Covid-19 Aviation Crisis Avolon Cancels 27 Of Boeing 737 Max Aircraft Order Boeing: Don’t Expect a Recovery Anytime Soon, Says Analyst More recent articles from Smarter Analyst: * Moderna Soars 16% As Covid-19 Vaccine Shows Strong Immune Response * Google Cloud To Use AI Technology In Fox Sports Deal * Google Fined Record 600,000 Euros By Belgian Authority * 3M, MIT Researchers Team Up To Develop Rapid Covid-19 Antigen Test
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