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The viral outbreak might be having a ruinous effect on a host of industries, but it is no secret some have thrived in these conditions. Hardly any more so e-commerce platform Shopify (SHOP). Shares are up by 133% year-to date, although to be fair, it’s not as if Shopify needed a helping hand before the pandemic struck. Overall, since debuting on the New York Stock Exchange for $28 a share in May 2015, the stock is up by 3,320% and Shopify has positioned itself as one of the 21st century’s tech giants.But there’s room for another slight uptick from here, argues RBC analyst Mark Mahaney. The 5-star analyst expects Shopify shares to be changing hands for $1000 apiece over the next months, implying 8% of upside. (To watch Mahaney’s track record, click here)Driving Mahaney’s bullish outlook is a recent report by RBC Elements – the investment firm’s data science team -...
After a solid start to 2020, semiconductor companies got rocked in March at the onset of the US coronavirus outbreak, posting both year-over-year and quarter-over-quarter losses during Q1. Despite disappointing financials, many of these companies’ stocks have rebounded and even surpassed pre-pandemic highs. Household names including Intel (INTC), AMD (AMD), Qualcomm (QCOM), and more have all rebounded by more than 30% since mid-March lows.For tech investors, determining short-term swings of these corporations will be difficult. While major market indexes are performing up to par, ambiguity concerning COVID-19 has once again ramped up, and consumer purchasing sentiment is also relatively unknown.To this end, 5-star Oppenheimer analyst Rick Schafer decided to key in on a number of focal points that serve as indicators about the industry at-large, including purchasing Managers' Index (PMI), and smartphone deliveries.US PMI improved in each of the last two months, up from 41.5 in April to 43.1 in May,...
Yahoo Finance's Jared Blikre joins Seana Smith to break down the day's price action in stocks as well as a long in UnitedHealth Group (UNH), a Yahoo Finance Premium Investment Idea....
(Bloomberg Opinion) -- China’s cosmetic brands may finally be ready to face down their foreign rivals, thanks to the Covid outbreak and a wave of patriotic buying. The rising popularity of domestic makeup products is an example of how the pandemic upheaval and geopolitical tensions are creating unexpected winners and losers.Shares of Proya Cosmetics Co., Guangdong Marubi Biotechnology Co. and Shanghai Jahwa United Co. have soared this year, outpacing the gain in Shanghai’s benchmark index. Meanwhile, mid-range cosmetics makers such as Japan’s Shiseido Co. and South Korea’s Amorepacific Corp. — those most vulnerable to the rise of Chinese competition — have sunk by more than broad market indexes in their home countries.To understand the shift, look at the change in consumer habits brought about by the coronavirus. Lockdowns have forced people to stay at home while unemployment has pummeled incomes, encouraging consumers to spend more time online and to search for lower-priced goods. China’s digital-savvy makeup brands were perfectly positioned...
NIO’s stock price reflects “over-optimism”, says Goldman Sachs analyst Fei Fang....
