Amaya’s stock has been on a wild roller coaster ride this year, with catalysts ranging from the CEO (David Baazov) being accused of insider trading, to takeover rumors, to failed mergers and now a formal bid by the aforementioned CEO. There have certainly been a lot of hopes and headaches, but I believe there is a strong underlining long case to be made on Amaya. I wrote a blog post about it the day before it released its Q3 earnings, my basic argument was that it is intrinsically undervalued due to market overreaction on merger discussions and there was still the possibility of a buyout by the former CEO at a significant upside. It seemed like a win-win. Well, when the earnings were released, not only were the results impressive but Baazov launched a formal bid at C$24 per share (approximately US$18) or a 30% upside from the previous Friday’s Close. Whether this private takeover succeeds or not, this stock is poised for significant long term growth.
Amaya (NASDAQ:AYA) runs the world’s largest online gaming (casino) empire in the world. It runs many valuable brand names especially in the online poker business (PokerStars and Fulltilt) but is now increasingly moving into sports betting and other online casino games. It is also the fastest growing and most well positioned to take advantage of online gambling legalization as well as the inherent scalability of the internet. This is a company which has seen its revenues increase from below US$200M just a few years ago to over US$1.2 BILLION for the trailing twelve months. Reviewing its results and its future growth prospects, it will be clear that this firm is undervalued.
Best Undervalued Stocks To Invest In 2019: Samsung Electronics Co. Ltd. (SSNLF)
- [By Adam Levy]
But PayPal faces growing competition from other payments and merchant services businesses like Square (NYSE:SQ), hardware makers integrating payments into their devices like Apple (NASDAQ: AAPL) and Samsung (NASDAQOTH: SSNLF), and banks establishing their own peer-to-peer payments service. On top of all that, PayPal is in the process of losing its largest customer, eBay (NASDAQ:EBAY).
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ADT is taking aim at the resident-monitored market by partnering with technology provider Samsung (OTC:SSNLF) for a line of a do-it-yourself (DIY) home-security products. The products are supported by ADTs monitoring service, and consumers can sign up for month-to-month plans. ADT will also integrate Ring Doorbells with its monitoring services if customers desire.
- [By SEEKINGALPHA.COM]
Look no further than India. India is a developing nation with a large unmet demand for smartphones. As seen in the chart below, Xiaomi is now head-to-head with Samsung (OTC:SSNLF).
- [By SEEKINGALPHA.COM]
Samsung (OTC:SSNLF) will unveil its new flagship phones, the Galaxy S9 and Galaxy S9 Plus, on February 25 at Mobile World Congress event in Barcelona. Their new features could help the Galaxy S9 and Galaxy S9 Plus replicate the stellar success of the $999 iPhone X of Apple (AAPL). Canalys reported last month that Apple could have shipped out as much as 29 million units of its expensive iPhone X during Q4 2017.
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Note also how cheap Western Digital’s stock is. Against analysts’ consensus EPS targets of $14.09 this year, according to Yahoo Finance, the company is currently trading at a P/E multiple of below 6x. Of course, this mirrors the valuation of other highly cyclical stocks like Ford (F). However, the strength of recent memory earnings and the commentary from industry players suggest that the cycle still has a long way to go. Samsung (OTC:SSNLF), in particular, noted after posting strong memory results that it’s focused on maximizing profits in its memory division rather than market share. This means that, unlike the last cycle, the major manufacturers could be showing a bit more restraint in production to keep prices and margins elevated. High pricing for memory modules, of course, is one of the major drivers behind Western Digital’s success over the past year.
Best Undervalued Stocks To Invest In 2019: TransUnion(TRU)
- [By Lisa Levin] Gainers
AGM Group Holdings Inc. (NASDAQ: AGMH) shares climbed 30.3 percent to $11.05 after climbing 34.60 percent on Thursday.
Limelight Networks, Inc. (NASDAQ: LLNW) jumped 21.2 percent to $4.9699 following a first-quarter earnings beat. The company also raised its fiscal 2018 estimates.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) shares climbed 18.8 percent to $7.89 after reporting strong Q1 earnings.
Farmers Capital Bank Corp (NASDAQ: FFKT) gained 15.4 percent to $48.75. WesBanco Inc (NASDAQ: WSBC) announced an agreement and plan of merger with Farmers Capital Bank Corporation.
TransUnion (NYSE: TRU) climbed 10.2 percent to $66.76 after the company posted upbeat Q1 results and issued a strong forecast for the second quarter. TransUnion announced plans to acquire Callcredit.
Myomo, Inc. (NYSE: MYO) shares gained 9.2 percent to $3.9299 after rising 8.11 percent on Thursday.
Pinnacle Foods Inc (NYSE: PF) gained 8.8 percent to $60.04 after a 13-D filing from Jana Partners showed an increased stake in the comapny, from 1.42 million shares at the end of last quarter to 10.83 million shares, or a 9.3-percent stake.
Associated Banc-Corp (NYSE: ASB) shares climbed 8.8 percent to $26.70 following upbeat Q1 earnings.
OFG Bancorp (NYSE: OFG) gained 8.5 percent to $12.80 after reporting Q1 results.
Cleveland-Cliffs Inc. (NYSE: CLF) climbed 7.5 percent to $7.73 following Q1 results.
Seaspan Corporation (NYSE: SSW) shares climbed 6.7 percent to $7.50. Deutsche Bank upgraded Seaspan from Hold to Buy.
General Electric Company (NYSE: GE) shares rose 4.6 percent to $14.63 after the company reported better-than-expected earnings for its first quarter.
Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) rose 4.3 percent to $47.80. Biogen and Ionis have expanded their strategic collaboration to develop drug candidates for a broad range of neurological diseases.
Check out these big penny stock gainers and losers
Best Undervalued Stocks To Invest In 2019: LifePoint Health, Inc.(LPNT)
- [By Lisa Levin] Companies Reporting Before The Bell
Celgene Corporation (NASDAQ: CELG) is projected to report quarterly earnings at $1.96 per share on revenue of $3.46 billion.
Aon plc (NYSE: AON) is expected to report quarterly earnings at $2.8 per share on revenue of $2.93 billion.
American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) is estimated to report quarterly earnings at $0.81 per share on revenue of $1.75 billion.
Alibaba Group Holding Limited (NYSE: BABA) is expected to report quarterly earnings at $0.88 per share on revenue of $9.27 billion.
LifePoint Health, Inc. (NASDAQ: LPNT) is projected to report quarterly earnings at $1.13 per share on revenue of $1.62 billion.
V.F. Corporation (NYSE: VFC) is estimated to report quarterly earnings at $0.65 per share on revenue of $2.90 billion.
Newell Brands Inc. (NYSE: NWL) is expected to report quarterly earnings at $0.26 per share on revenue of $3.05 billion.
Titan International, Inc. (NYSE: TWI) is projected to report quarterly earnings at $0.04 per share on revenue of $407.27 million.
Boise Cascade Company (NYSE: BCC) is expected to report quarterly earnings at $0.45 per share on revenue of $1.09 billion.
Cheniere Energy, Inc. (NYSE: LNG) is estimated to report quarterly earnings at $0.39 per share on revenue of $1.59 billion.
Cboe Global Markets, Inc. (NASDAQ: CBOE) is projected to report quarterly earnings at $1.24 per share on revenue of $308.05 million.
ITT Inc. (NYSE: ITT) is estimated to report quarterly earnings at $0.73 per share on revenue of $683.96 million.
Fred's, Inc. (NASDAQ: FRED) is expected to report quarterly loss at $0.19 per share on revenue of $551.00 million.
Virtu Financial, Inc. (NASDAQ: VIRT) is projected to report quarterly earnings at $0.52 per share on revenue of $288.31 million.
Cheniere Energy Partners, L.P. (NYSE: CQP) is expected to report quarterly earnings at $0.57 per share on revenue of $1.38 billion.
Genesis Energy, L.P
Best Undervalued Stocks To Invest In 2019: Canadian Solar Inc.(CSIQ)
- [By Travis Hoium]
Canadian Solar (NASDAQ:CSIQ) is one of the biggest solar manufacturers in the world, producing about seven out of every 100 solar panels made last year. But the company doesn’t just make solar panels; it’s also become a leading developer of solar projects with a large presence in Brazil, Mexico, China, and the U.S.
- [By Paul Ausick]
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 16.6% in short interest during the two-week period. Some 3.3% of the total float, or 1.49 million shares, were short and days to cover remained unchanged at three. The company’s share price fell by about 5.4% over the two weeks, and shares closed Wednesday at $16.26, up about 3.4% for the day, in a 52-week range of $12.07 to $19.09.
- [By ]
Solar’s Perfect Small-Cap
Recurrent’s parent company — Canadian Solar (Nasdaq: CSIQ) — is publicly traded. Even better, it’s the right size ($925.7 million in market cap) for Fast-Track Millionaire readers to consider making an investment.
Best Undervalued Stocks To Invest In 2019: Griffin Industrial Realty, Inc.(GRIF)
- [By Shane Hupp]
Wells Fargo & Company MN increased its position in Griffin Land & Nurseries, Inc. (NASDAQ:GRIF) by 155.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,876 shares of the financial services provider’s stock after purchasing an additional 2,358 shares during the quarter. Wells Fargo & Company MN owned approximately 0.08% of Griffin Land & Nurseries worth $142,000 as of its most recent SEC filing.