10.04k followers • 16 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have been oversold as indicated by the RSI momentum indicator within the last week. A stock is oversold when the RSI is below 30. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Chunghwa Telecom Co., Ltd.
ZoomInfo Technologies Inc.
Horizon Therapeutics Public Limited Company
LHC Group, Inc.
YETI Holdings, Inc.
Shift4 Payments, Inc.
TFI International Inc.
Equinox Gold Corp.
Pacira BioSciences, Inc.
Uber Technologies (NYSE: UBER) was not too happy when Grubhub (NYSE: GRUB) decided to sell its business to Just Eat Takeaway. Just Eat Takeaway offered a similar price, however, and Grubhub's owners felt the partnership made for a better exit. It instead focused on a smaller competitor in the U.S. food delivery space: Postmates.
The Zacks Analyst Blog Highlights: Everbridge, Wingstop, BJ's Wholesale Club, Virtu Financial and Ollie's Bargain Outlet
Shares of restaurant delivery marketplace Grubhub (NYSE: GRUB) jumped 44% in the first six months of the year, according to data from S&P Global Market Intelligence. A buyout offer from Uber (NYSE: UBER) and a subsequent agreement to sell itself to Just Eat Takeaway, the European food delivery giant, was the main reason for the surge. Grubhub limped into 2020 losing market share to rivals like DoorDash and Uber Eats.
(Bloomberg) -- Shares of Latin America’s largest e-commerce marketplace MercadoLibre Inc. climbed above $1,000 for the first time as online sales surge in the region amid the coronavirus pandemic.Up 78% this year, MercadoLibre has benefited from a growing number of consumers that are either buying online for the first time or increasing the frequency of their purchases because of virus-related lockdowns. The company said gross merchandise volume growth accelerated to 73% in April and UBS Group AG pointed to even stronger figures for the industry in May, citing data from Nielsen’s e-commerce researcher Ebit.“Recent sector data makes us more confident that Brazilian e-commerce growth could deliver on high expectations,” UBS Group analysts led by Gustavo Piras Oliveira wrote in a report dated June 3, reaffirming MercadoLibre as their top pick in the sector and raising the stock’s price target to $1,040.The Buenos Aires-based company, which counts Brazil as its largest market and has been focusing on consumer packaged goods, saw its market value jump to a record $50 billion, compared to $39 billion for EBay Inc. The stock gained as much as 4.8% to $1,036 in New York.Even as some countries start to ease their social-distancing measures, Bank of America Corp. believes the tailwinds will last for longer. “While some expect a channel reversion to physical retail as malls and stores re-open, we think behaviors are likely to prove sticky,” BofA analysts led by Robert Ford wrote in a report dated June 9, raising MercadoLibre’s target price to $1,100.The company’s payments and wallet platform MercadoPago is also attracting bullish views, as lockdowns across the region push users to make payments online. Morgan Stanley expects total payment volume off-marketplace to grow 70% in 2020 and 69% in 2021.(Updates with chart, stock move throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The outlook for the nation's restaurants in the wake of COVID-19 isn't pretty, says one celebrity chef.
Restaurant Brands (QSR) is likely to benefit from various sales-building initiatives. However, coronavirus pandemic continues to hurt comps.
Shift4 Payments (NYSE: FOUR), the leader in integrated payment processing solutions, has revealed that merchant transaction volume continues to increase across the country despite surging cases of the novel coronavirus. In the third of a series of updates since the pandemic began to impact the United States, the data suggests that businesses are finding ways to drive sales even in the face of difficult economic and social conditions.
Manufacturing activity is increasing in the country despite the number of new COVID-19 cases, pointing at a recovering U.S. economy.
Apart from the large-cap specific three major stock indexes, the mid-cap specific S&P 400 also advanced 23.3% in the last quarter.
Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning. Like other travel- and transportation-related businesses, Uber's ride-hailing segment has been negatively impacted by the COVID-19 pandemic, due to shelter-in-place orders throughout the United States.
Postmates will miss out on a dramatic IPO launch party on the floor of the New York Stock Exchange or at Nasdaq headquarters. Postmates investors may, instead, get something more coveted than corporate pageantry: actual synergies. On Monday, the online food delivery service announced that it will be gobbled up by Uber, fusing it with its own Uber Eats.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Jefferies analyst Andy Barish takes a look at recent foot-traffic data, which shows a deceleration in recent weeks for both fast-casual and fast-food restaurants.
The deal should put Uber's U.S. food-delivery operations on better footing. But generating substantial profits from the business could still be easier said than done.
Ride-hailing giant Uber has agreed to an acquisition of on-demand food delivery company Postmates in a deal estimated to be worth $2.65 billion, as reported by Bloomberg early on Monday, July 6. The acquisition will be an all-stock buyout, with Uber Eats head Pierre-Dimitri Gore-Coty expected to continue running the delivery business of both Uber Technologies Inc (NYSE: UBER) and Postmates. Ever since Dara Khosrowshahi took over as the CEO of Uber, the company has looked at aggressively expanding its presence across related segments within the last-mile market – be it moving people or products. Uber's fortunes in the last-mile food delivery segment are crucial, as it continues to leak money within its ride-hailing business. Though Uber consistently adds more drivers and reports more rides every quarter, its operating expenses remain high, limiting the company's prospects at increasing margins. This led Uber to shut down or sell off its ride-hailing operations in several markets and geographies, including China, Southeast Asia, Russia and the Middle East. Although the Eats division is Uber's most profitable segment, it still loses considerable money. But with the "growth at all costs is over" statement from Khosrowshahi during the company's first-quarter earnings call, it can be seen that Uber is shifting its energy towards businesses that show potential towards realizing a positive bottomline. Uber's takeover discussions with Postmates have been on the table for about four years before the current offer was finalized. Postmates was last valued at $2.4 billion in September 2019 when it raised $225 million in venture capital, taking its total funding to roughly $1 billion. Before the deal with Uber, Postmates was looking to go public, confidentially filing for an initial public offering (IPO) in February, before rescinding due to the pandemic.On Uber's end, it needs to be noted that the company's initial acquisition interest focused on food delivery company GrubHub, a publicly-traded rival in the market. Unfortunately for Uber, the deal fell through, as European food delivery major Just Eat Takeway.com bought GrubHub for $7.3 billion in June. While the current Postmates acquisition can certainly not be considered a knee-jerk reaction to its GrubHub debacle, it is evident that Uber is looking to buy its way to increasing its market presence. Postmates accounts for 8% of the U.S. food delivery market, completing 5 million deliveries per month as of February, With COVID-19 in the picture, it is evident that food delivery services are in higher demand within cities than car rides. Uber witnessed this first-hand, seeing its ride-hailing gross bookings drop over the first quarter, while gross sales in Uber Eats shot up by 54% from the fourth quarter of 2019. As the pandemic continues to play a significant role in how societies function, this trend is only expected to grow in the near future. ***More from Vishnu RajamanickamAll that you need to know on Uber's run-up to its IPO Deliveroo is leaving the German last-mile food delivery market Takeaway.com and Just Eat merge to become a global superpower in on-demand food deliverySee more from Benzinga * Freight Rail News Round-Up * Breaking: More Than 3,200 Trucking Companies Received More Than 0,000 From PPP * Maersk Aims To Expand European Customs Brokerage Footprint(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Pacira BioSciences, Inc. (PCRX) today announced that it intends to offer, subject to market and other conditions, $300.0 million aggregate principal amount of convertible senior notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Pacira also intends to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $45.0 million aggregate principal amount of notes. The terms of the notes, including the interest rate, initial conversion rate and other terms, will be determined by negotiations between Pacira and the initial purchasers of the notes.
Pacira BioSciences, Inc. (PCRX), a leading provider of innovative non-opioid pain management options, today reported preliminary unaudited net revenue of $75.5 million for the second quarter of 2020, compared to $102.6 million for the second quarter of 2019. During the second quarter of 2020, average daily sales of EXPAREL® (bupivacaine liposome injectable suspension) were 30 percent, 81 percent and 107 percent of the prior year for the months of April, May, and June, respectively. During the second quarter of 2020, the Company’s product sales were negatively impacted by the COVID-19 pandemic, which mandated significant postponement or suspension in the scheduling of elective surgical procedures resulting from public health guidance and government directives.
Uber on Monday finally found a deal it can sink its teeth into. The tech company will pay $2.65 billion to combine its Uber Eats food delivery service with rival Postmates. Uber has been looking for a way to diversify revenues. It first tried to buy GrubHub a few weeks ago, but that deal ultimately fell apart on antitrust concerns and GrubHub immediately got hitched to a European delivery company for more than $7 billion. With this deal, Uber is getting a much smaller player among the food delivery companies. Postmates had only 8 percent of the delivery market in May, according to analytics firms Second Measure. Its biggest rival DoorDash had 44 percent of the market. But Uber CEO Dara Khosrowshahi still sees potential to grow the combined unit and use that to boost his chances of turning Uber from a money-losing company into a money-making one. With demand for food-delivery soaring through the roof with many customers reluctant to dine out, Uber Eats saw orders last quarter surge more than 100 percent compared to a year ago. In a sign of optimism, shares of Uber rallied on word of the deal, a rare feat for a company shelling out billions to buy a competitor.
“We believe food delivery consolidation helps accelerate Uber’s pathway to profitability during 2021,” one analyst writes.
Uber bought the food delivery company Postmates for $2.65 billion dollars in shares. Yahoo Finance's Emily McCormick joins The First Trade to discuss.
Investing in mega-trends early can result in big payoffs for investors. If you missed out, sometimes lightning strikes twice.
Many simply don't have sufficient growth opportunities. Here are three growth stocks you can buy right now that could make you crazy rich over the long run. Alteryx (NYSE: AYX) provides a solution for this all-too-common scenario.