|Avg Daily Volume: 1,231,513 Market Cap: 5.32B |
Sector: Technology Short Interest: None
THIS QTR: EPS: 1.38/share REV: 603.78/M
LAST QTR: EPS: 1.84/share ACTUAL: 1.90/share (BEAT)
NEXT QTR: EPS: 1.65/share REV: 702.8/M
FY19: EPS: 6.42/share REV: 2,910/M
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 68% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 19.35, 4.71, -16.73
POTENTIAL JUMP MOVE: 12%
Links To Latest News and Headlines
Tao Value recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 36.45% for the quarter, outperforming its benchmark, the MSCI All Country World Index (ACWI) which returned 18.81% in the same quarter. You should check out Tao Value's top 5 stock picks for […]
GUANGZHOU, China, July 30, 2020 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”, formerly known as YY Inc.), a global video-based social media platform, today announced that it plans to release its second quarter 2020 financial results after the U.S. market closes on Wednesday, August 12, 2020. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Wednesday, August 12, 2020 (9:00 AM Beijing/Hong Kong Time on Thursday, August 13, 2020). Details for the conference call are as follows:Event Title:JOYY Inc. Second Quarter 2020 Earnings Conference Call Conference ID:1085396 Due to the global outbreak of the COVID-19, operator assisted conference calls are not available at the moment. All participants must use the link provided below to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique registrant ID by email.PRE-REGISTER LINK: http://apac.directeventreg.com/registration/event/1085396A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.yy.com/.The replay will be accessible through August 20, 2020, by dialing the following numbers:United States: +1-646-254-3697 International:+61-2-8199-0299 Conference ID: 1085396 About JOYY Inc. JOYY Inc. is a global video-based social media platform. The Company’s highly engaged users contribute to a vibrant social community by creating, sharing, and enjoying a vast range of entertainment content and activities. JOYY enables users to interact with each other in real time through online live media and offers users a uniquely engaging and immersive entertainment experience. JOYY owns YY Live, a leading live streaming social media platform in China. In addition, JOYY completed the acquisition of Bigo in March 2019. Bigo is a fast-growing global tech company. Headquartered in Singapore, Bigo owns Bigo Live, a leading global live streaming platform outside China; Likee, a leading global short-form video social platform; and video communication service and others. JOYY has created an online community for global video and live streaming users. JOYY Inc. was listed on the NASDAQ in November 2012.Investor Relations Contact: JOYY Inc. Matthew Zhao Maggie Yan Tel: +86 (20) 8212-0000 Email: IR@YY.comICR, Inc. Jack Wang Tel: (+1) 646 915-1611 Email: IR@YY.com
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to…
Marko Kolanovic, JPMorgan’s quant expert, sees equities as both expensive and cheap at the same time. Yes, he acknowledges stocks are priced at or near their all-time highs in absolute terms, and compared to earnings – but in relation to bonds, stocks are undervalued. And with that comparison tied directly to bond yields, which are historically low and unlikely to see gains any time soon, Kolanovic believes that stocks will act as cash magnets in 2H20.He notes that the mega-cap growth stocks are hitting new record highs again – see Apple for a prime example – and that they are benefitting from fears of a second wave of the coronavirus. But Kolanovic adds that the market isn’t estimating the effect properly. While cases are rising sharply in the three of the largest states (California, Texas, Florida), death rates are remaining low. This suggests that the virus is becoming less dangerous – and that when the market's collective wisdom realizes this, value stocks are going to surge.In fact, in Kolanovic’s view, a late summer surge “could result in a rapid momentum sell-off and value rally.” The trick now will be finding the value stocks that are primed for that gain.Fortunately, Kolanovic’s colleagues in JPM are on the case. They have pinpointed three stocks showing signs of great value – relatively low cost now, with serious upside potential for the coming year. We’ve used the TipRanks database to pull up the details, and find out what makes JPM's picks so compelling.JOYY, Inc. (YY)We’ll start in China, with JOYY, a major social media and online digital streaming platform. It’s easy to overlook China, from the West, as the country is highly insular by both government policy and cultural history, but we shouldn’t forget that China, with population near 1.4 billion, has an ‘online population’ of almost 800 million. That’s double the population of Europe, and more than double the population of the United States – and that is only China’s domestic market. Add in China’s moves toward the global stage, and the possibilities are staggering.That can be seen from YY’s share growth. The stock is up 50% year-to-date; a look at the share price chart shows that YY simply shrugged off the ‘corona quarter.’ First quarter net revenue reached $1.01 billion, a 49% year-over-year gain. Strong growth across the company’s online subsidiaries powered the gains, as monthly average users (MAU) hit 520.1 million. A major part of JOYY’s growth in recent months has come from Singapore’s Bigo live streaming platform. The Chinese company bought Bigo in May of last year, in a move valued at $2.1 billion. Since then, Bigo has become the world’s fifth largest site for streaming apps.Bigo was on JPMorgan's Alex Yao’s mind when he reviewed JOYY stock. The 5-star analyst noted, “[W]e believe the current share price hasn’t fully factored in Bigo’s growth potential and we expect strong Bigo revenue growth in 2Q20 and turning profitable in 4Q20 will be near term share price catalysts…”To this end, Yao rates the stock a Buy, and supports that by raising his price target to $125. That new target implies a strong upside potential of 57% for the year ahead. (To watch Yao’s track record, click here)It’s clear that Wall Street agrees with JPM’s analysts about the quality of YY stock. The shares have a unanimous Strong Buy consensus rating, based on 7 Buy reviews. The stock is selling for $81.45, and the average target of $104.17 suggests a 28% upside potential. (See YY stock analysis on TipRanks)Cloudflare, Inc. (NET)Next up is Cloudflare, a multi-billion-dollar online network operator. The company offers content delivery network services, web infrastructure and website security, and domain name server services. Cloudflare say revenues rise to $287 million last year, and 1H20 saw its EPS net loss narrow. The current business environment, with more people working remotely from home, and with businesses relying more than ever on teleconferencing, have put Cloudflare’s products and services in high demand.The Q1 earnings report shows that, as far as possible. NET’s revenues surged 48%, reaching $91.3 million and beating the forecasts. Cloudflare reported some 250,000 new customers in the quarter, putting the company’s total customer count at 2.8 million. Sales grew 44% year-over-year in the US – and an even more impressive 58% in Europe. US sales are 40% of the company’s total. Covering the stock for JPM, 5-star analyst Sterling Auty describes the company’s portfolio of products as ‘gaining traction’ in current conditions. He writes of the stock, “[We] expect the company to convert its free Teams offering over to a paid solution in the coming quarters and that has the potential of generating additional revenue tailwinds… we believe that there is ample upside opportunity to the revenue results over the next several years to generate an attractive free cash flow profile…”Auty’s $52 price target implies a 48% one-year upside, and fully supports his bullish outlook. (To watch Auty’s track record, click here)Like many upwardly mobile tech companies, Cloudflare’s stock has pushed past its average price target in recent trading. The stock is currently priced at $36.75; Auty’s outlook suggests that Wall Street’s analysts may have to readjust their targets here. In the meantime, NET has a Moderate Buy rating from the analyst consensus, based on 8 Buys and 4 Holds. (See Cloudflare stock analysis on TipRanks)Ormat Technologies (ORA)Not all tech is digital tech. The last company on our list, Ormat Technologies, is an alternative and renewable energy provider, based in Nevada and operating around the world. The company boasts over 150 power plants generating more than 2,000 megawatts of power in 30 countries. Ormat is a major provider of geothermal energy in Guatemala, Honduras, Kenya, and the US.No matter how the economy goes, we all need power – and Ormat used that fact to keep earnings up during the corona crisis. The company’s Q1 results beat the forecasts, coming in at 51 cents per share. Revenues, however, slipped year-over-year by 3.5%, to $192.1 million.That slip is reflected in the share value, which is down 17% year-to-date. ORA has underperformed the broader markets, which ironically increases the value potential of the stock. The company’s electricity segment – about half of the total business – features high margins, giving the company a strong foundation for future income.JPM’s 5-star analyst Mark Strouse has this in mind when he writes, “We view ORA as one of the higher-quality stocks in our Alt Energy coverage universe, based on relative balance sheet strength, earnings power and visibility that originates in the shift toward ownership and operation of a diverse portfolio of geothermal projects.”Strouse upgrades his stance on ORA shares, raising them from Neutral to Buy. His price target, at $82, indicates room for a 32% upside. (To watch Strouse’s track record, click here)ORA has two recent analyst reviews, one Buy and one Hold, making the consensus view a Moderate Buy. (See ORA 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.
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
This area reserved for subscribers to the Options Intelligence Strategy. If this is something you wish to participate in, just let us know below.
NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.