Any time a growth stock like Amazon (NSDQ:AMZN) comes under pressure, value investors come out in droves citing the company’s ridiculously high earnings multiple as reason enough to stay clear of the stock. Growth investors and value investors are two entirely different breeds. One looks for deeply discounted fundamentally strong companies whereas growth investors concentrate a lot on growth rates and forward-looking trends. Despite reporting a lackluster set of earnings for its third quarter, I do not believe the fundamentals have changed for Amazon, going forward.
Jeff Bezos and his company have definitely been scrutinized since Trump became president-elect. In fact, the FANG stocks, in general, have seen outflows of capital over the past month which have bolstered the price of infrastructure and bank stocks (sectors which are expected to do well under a Trump administration). So, when one combines the disdain Trump “seemingly” has at present towards Amazon along with the company’s poor showing in Q3, both from a margin and guidance perspective, it is no surprise to see Amazon trading at almost 10% off its October highs. With a stock like Amazon, any pull back is going to be blown up by the bears. However, most value investors see the world only through their own eyes and not through the eyes of the CEO. Bezos wants world domination and will continually sacrifice short-term profits in order to increase the market cap of the company. Here are three reasons why AMZN stock is going higher. (See also: Amazon.com Inc: Is AMZN Stock A Multi-Bagger Stock Even Today?)
Hot Bank Stocks To Invest In Right Now: Range Resources Corporation(RRC)
- [By WWW.THESTREET.COM]
Range Resources (RRC) was upgraded to outperform at BMO. $44 price target The valuation is more attractive, as business fundamentals are improving, BMO said.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Range Resources Corp. (NYSE: RRC) which traded downabout 12% at $17.90. The stocks 52-week range is $17.68 to $43.60. Volume was about 25 million versus the daily average of 5.6 million shares.
- [By Paul Ausick]
Range Resources Corp. (NYSE: RRC) is rated Buy with a lowered price target of $43. The 2017 EPS estimate has been lowered from $0.85 to $0.68, and the 2018 estimate waslowered from $1.60 to $1.52. Shares closed at $27.34 on Friday, in a 52-week range of $27.07 to $46.96, and the consensus price target is $46.42. Range Resources is a Jefferies Franchise Pick.
- [By Paul Ausick]
Range Resources Corp. (NYSE: RRC) dropped about 4.1% Friday to post a new 52-week low of $15.33 after closing at $15.99 on Thursday. The stock’s 52-week high is $36.40. Volume of about 8.5 million was about 15% above the daily average. The increase in natural gas drilling rigs this week is not good for companies like Range Resources that are gas-weighted producers.
- [By Ben Levisohn]
Talk about a Barron’s bounce!Range Resources (RRC) has soared to the top of the S&P 500 today after Barron’s touted it in the pages of the magazine this weekend.
Agence France-Presse/Getty Images
Range Resources gained 4.1% to $28.47, while the S&P 500 slipped 0.3% to2,375.31.
Barron’s Andrew Bary called Range Resources “an unappreciated energy play.” He explains why:
With major market indexes at record highs, natural-gas stocks are among the few depressed industry groups. Blame a warm winter and weakening gas prices.
Range Resources (ticker: RRC), a leading U.S. gas producer, looks undervalued. Its shares, at $27, are down 20% this year and are much below their 52-week high of $47, set last June. Range drilled the first well in the now-prolific Marcellus region of Pennsylvania more than a decade ago and amassed one of its largest land positions there610,000 acres. Its $4.2 billion purchase of Memorial Resource Development last September gave it access to what the company views as a prolific and underappreciated gas region: northern Louisiana
Range Resources’ market capitalization rose to $7 billion today from $6.8 billion on Friday. It reported net income of $521 million on sales of $1.4 billion in 2016.
Hot Bank Stocks To Invest In Right Now: TiVo Inc.(TIVO)
- [By Lisa Levin]
TiVo Inc. (NASDAQ: TIVO) shares were also up, gaining 21 percent to $9.30. The New York Times, citing sources familiar with the issue, said Rovi Corporation (NASDAQ: ROVI) is in advanced negotiations to acquire TiVo. TiVo shareholders would reportedly receive both cash and stock; however, the price tag is yet to be determined.
- [By Lisa Levin]
TiVo Inc. (NASDAQ: TIVO) shares were also up, gaining 20 percent to $9.22. The New York Times reported that Tivo and Rovi Corporation (NASDAQ: ROVI) are in merger talks.
Hot Bank Stocks To Invest In Right Now: Virtus Investment Partners Inc.(VRTS)
- [By Lisa Levin]
Shares of Virtus Investment Partners Inc (NASDAQ: VRTS) got a boost, shooting up 19 percent to $111.05 following Q3 results. Virtus Investment posted Q3 earnings of $1.64 per share on revenue of $82.3 million.
Hot Bank Stocks To Invest In Right Now: Vanda Pharmaceuticals Inc.(VNDA)
- [By Roberto Pedone]
Another biotechnology player that looks poised to trigger a big breakout trade is Vanda Pharmaceuticals (VNDA), which is focused on the development and commercialization of clinical-stage drug candidates for central nervous system disorders. This stock has been on fire so far in 2013, with shares up a whopping 258%.
If you take a look at the chart for Vanda Pharmaceuticals, you’ll notice that this stock has recently broke out above some near-term overhead resistance levels at $12.34 to $12.66 a share with solid upside volume. So far, this breakout has held and now shares of VNDA are quickly moving within range of triggering an even bigger breakout trade.
Traders should now look for long-biased trades in VNDA if it manages to break out above its 52-week high at $13.30 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action 908,467 shares. If that breakout hits soon, then VNDA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $15 to $17 a share.
Traders can look to buy VNDA off any weakness to anticipate that breakout and simply use a stop that sits right below some near-term support at $12 a share. One could also buy VNDA off strength once it takes out $13.30 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Hot Bank Stocks To Invest In Right Now: Spark Networks, Inc.(LOV)
- [By Peter Graham]
Small cap dating site stock Match Group Inc (NASDAQ: MTCH), which was spun off from media and Internet stock IAC/InterActiveCorp (NASDAQ: IAC) and is a peer or remaining dating stock Spark Networks Inc (NYSEMKT: LOV), is the eight most shorted stock on theNASDAQ with short interest of 43.96% according to Highshortnterest.com.
Hot Bank Stocks To Invest In Right Now: Cooper Tire & Rubber Company(CTB)
- [By Matt Hogan]
Finbox.io fair value data (as of January 4) shows that there are only five US manufacturing stocks that have 25% or more margin of safety: Vera Bradley, Inc. (NASDAQ: VRA), Cooper Tire & Rubber Co (NYSE: CTB), Farmer Brothers Co. (NASDAQ: FARM), Allergan plc Ordinary Shares (NYSE: AGN) and Motorcar Parts of America, Inc. (NASDAQ: MPAA).