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#swing #tradeidea Long over 250 Tight stopsPossible bounce area Spotify misses by $0.03, misses on revs; guides Q4 revs in-line Reports Q3 (Sep) loss of €0.58 per share, excluding non-recurring items, €0.03 worse than the S&P Capital IQ Consensus of (€0.55); revenues rose 14.1% year/year to €1.98 bln vs the €2 bln S&P Capital IQ Consensus. "Total MAUs grew 29% Y/Y to 320 million in the quarter and above the top end of our guidance range. From a regional perspective, Y/Y growth in North America and Europe accelerated more than 400 bps and 100 bps, respectively, while Latin America and Rest of World continued to see the fastest growth, growing 30% and 51%, respectively." Co issues in-line guidance for Q4, sees Q4 revs of EUR 2.00-2.20 bln vs. €2.19 bln S&P Capital IQ Consensus. Total MAUs: 340-345 million.
NYSE:SPOTLong
by SwingingForward
Potential IPO base $LMNDPotential IPO base "90 seconds to get insured. 3 minutes to get paid" If you haven't already noticed, we are living in a world of immediate gratification. Insurance is just another sector that's ripe to be disrupted by better efficiency. TA, - Increasing volume and consolidating at previous highs $69. FA, - Disrupting the archaic industry of insurance -High NPS score of 70. Industry average is 70. - $5 Trillion TAM. Current market cap is $3.8Bn - Huge barrier between insurance companies and customers. Making claims is a headache. Lemonade is bridging that gap through better customer service by leveraging the powers of AI. AI JIM and AI MAYA - +167% revenue growth 2020 - Expansion beyond US. France is next by end of 2020. - Only 3 types available still. Renters, home and pet insurance. More potential for other types Concerns, - Still not fully convinced of the business model -Continued losses(side effect of disrupting) - Price discovery phase still so will be super volatile. Entry : Break of 69.2 Stop loss: 62.2
NYSE:LMNDLong
by ashainp
NVDA Nvidia Exciting Upward Trend! NVDA (Nvidia) is an exciting stock to be in. Given their processing tech and the ability to branch into many cloud businesses such as gaming, processing, and storage, their technology has become a necessity, and demand consistently exceeds supply. I got into NVIDIA as a long-term growth play when it was trading at $360. The breakout above previous ATH with volume was an obvious signal to buy, along with STRONG fundamentals and macroeconomic environment making it a recipe for the next rocket. I don't typically buy into overbought stocks, but with the environment around stocks like TSLA and AAPL making it obvious a tech bubble was forming, it looked like a stock that wasn't getting as much attention yet given the news cycles were sparse, and product launches upcoming in Q4 were going to be great fodder for future growth. I played it right, and the stock went all the way up to $585, now in a correction pattern. Based on the Fib extensions and Elliot wave patterns, this is a very healthy growth stock with potential to shatter its ATH in the next 6 months. Disclaimer: I am not a professional and I draw charts for my own education and keeping track of my trades to know when to get in and when to get out. I'm always open to constructive feedback so feel free to share your thoughts in the comments. Thank you!
NASDAQ:NVDALong
by Shadowfigure
5
Gig economy winner. $FVRR or $UPWK?FA, - Structural headwinds through gig economy, freelancing and 'escape the rat race' theme - 3Y revenue growth 22% - Improving gross margins. 70% - Recent insider purchases - Like shopify, but for talent. Online talent marketplace. -Value? Market cap half of Fiverr with revenue twice as much. TA, - Major trend reversal. Short term moving averages crossing Long term MA - Trendline support - 120MA support 4H - Higher highs and lows Concerns, - Less than expected revenue growth during lockdown. YOY growth 19% at $87.5M Main competitor Fiverr reported YoY growth of 82% at 47.1m. Growth is key. - Fiverr reporter a net loss of only -$0.1M while UPWK reported a loss of -$10M. -Freelancers prefer Fiverr over Upwork. - Fiverr better glassdoor ratings (4.3 Vs. 3.8) - Higher volume on red days Seems more like a technical trade considering the above points or a value play. Fiverr is still the better company fundamentally. Until Upwork can show above significant growth rates, the stock would not gain much momentum. 20% growth for a growth stock with people looking for jobs online is not enough in my opinion.
NASDAQ:UPWK
by ashainp
MIME entry: Fundamental and Technical analysisFundamental metrics - Gross margin > 70% - Just entered profitability with a net margin of 0.04% - Revenue growth 25.4% - Rule of 40 = 0.04+0.04 = 25.4 - Free cash flow growing slowly - The net revenue retention rate of 111%. Existing customer base alone has added 11% of revenue for the year ended 2019. 1100 new customers which is about a 30% increase - Financial health is a concern with a current ratio of only 1.04, interest coverage of 1.04 and a Debt/equity of 0.82 - Structural tailwinds due to growing adaption of cloud services and network hacking. - An organization would spend more funds on ensuring cybersecurity, detecting threats and protecting data. Remember, data is the new oil. TA, - Lower Bollinger band accumulation -4H/Daily RSI buy - 5EMA trending up - 0.5 Fib support - Daily level support - Ascending wedge?
MLong
by ashainp
Long over 200 Short under it. Large rev growth, declining RPOOkta announced the pricing of $1.0 bln aggregate principal amount of Convertible Senior Notes due 2026 (180.07) The notes will be senior, unsecured obligations of Okta. The notes will bear interest at a rate of 0.375% per year. Interest will be payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2020. The notes will mature on June 15, 2026, unless earlier redeemed, repurchased, or converted. Okta (OKTA) assumed with a Hold at Canaccord Genuity Okta target lowered to $205 at BMO Capital Markets (183.92) BMO Capital Markets lowers their OKTA tgt to $205 from $210 Okta beats by $0.10, beats on revs; guides Q2 EPS above consensus, revs in-line; guides FY21 EPS above consensus, revs in-line (183.92 +4.50) Reports Q1 (Apr) loss of $0.07 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of ($0.17); revenues rose 46.0% year/year to $182.86 mln vs the $171.57 mln S&P Capital IQ Consensus. Co issues guidance for Q2, sees EPS of ($0.02)-($0.01), excluding non-recurring items, vs. ($0.09) S&P Capital IQ Consensus; sees Q2 revs of $185-187 mln vs. $184.74 mln S&P Capital IQ Consensus. Co issues guidance for FY21, sees EPS of ($0.23)-($0.18), excluding non-recurring items, vs. ($0.32) S&P Capital IQ Consensus; sees FY21 revs of $770-780 mln vs. $772.26 mln S&P Capital IQ Consensus. "We are pleased with our continued execution and strong first quarter results," said Bill Losch, Chief Financial Officer of Okta. "Looking ahead, our strong first quarter revenue performance and highly recurring business model give us confidence in reiterating our fiscal year 2021 revenue outlook. In addition, we are improving our operating loss and loss per share outlook for the fiscal year. While we believe it's prudent to continue to expect some near-term business headwinds as the economic impacts from the pandemic further unfold, we remain highly confident in our long-term success as the leader in the massive identity and access management market."
NASDAQ:OKTAShort
by SwingingForward
Long over $7. Recent negative press attention seemed to wear offRECENT NEWS SDC (7.12 -7.75%): Missed expectations for Q1 EPS and revs. Q1 unique aligner shipments rose +12% yr/yr to 122,751. During its call, co noted that it shipped 10,500 aligner orders in April and between 11,000-15,000 in May; it projects the current run rate to be circa 22,000 shipments in a 30-day period. Co commented that since Q1, it has seen "robust performance" from its impression kit business despite reductions in marketing spend that amounted to approx. 90% over the past 60 days -- kit and scan volume was down by circa 40% over that span. Downgraded to Underperform from Buy at BofA/Merrill, which sees suppressed advertising spend levels and other overhangs contributing to a slower recovery through the year for co than previously projected. 16-Jun-20 09:39 ET SDC SmileDirectClub announces product category leadership for its oral care line (8.03 +0.49) SmileDirectClub announced today that its new end-to-end oral care system leads category growth in a number of product categories in the consumer marketplace. SmileDirectClub is the top growing brand in the whitening category for 2020 with its product bright on and the power floss category with its water flosser. Additionally, the brand is the second highest growth contributor in the brush category for its electric toothbrush during the same timeframe. All of SmileDirectClub's oral care products include promotions for clear aligner therapy to remind consumers of the brand's entire suite of offerings. 27-May-20 08:40 ET WIRES On The Wires SmileDirectClub (SDC) has joined Anthem Blue Cross and Blue Shield's (Anthem) and Empire BlueCross BlueShield's (Empire) newly established program, Ortho@Home, a teledentistry orthodontia program designed to provide consumers with convenient, affordable and remote orthodontic care. SmileDirectClub is offering remote dental care and clear aligner therapy to users on Anthem Dental Prime and Complete networks. 18-May-20 16:47 ET SDC SmileDirectClub files $2.8 bln lawsuit against NBC for "defamatory" nightly news story (6.76 -0.10) SDC has filed a lawsuit seeking approximately $2.8 bln from NBC Universal Media and reporter Vicky Nguyen for "knowingly and intentionally making factually inaccurate, misleading and defamatory claims about the company and its platform" on an NBC Nightly News with Lester Holt report. According to SDC, NBC's February 13, 2020 ‘Nightly News' report contained more than 40 false and misleading statements about SmileDirectClub and the treatment patients receive from the hundreds of board-certified doctors who use the company's platform to treat patients. SDC claims its reputation was wrongly sullied and its business unjustly harmed as a result of the NBC story according to the suit. In the wake of NBC's report, and as a direct result of it, SDC's market cap plummeted by $950 million. SmileDirectClub is seeking to recover treble damages pursuant to Tennessee's Consumer Protection Act. SDC (6.45 +19.67%): Co was issued a patent for its SmileShop intellectual property from the USPTO; the patent, says co, "ensures no clear aligner competitor will be able to duplicate SmileDirectClub's unique model for 18 years." The patent encompasses the SmileShop concept and process. Co also announced that it is making plans to reopen its SmileShops in the US, Canada, Germany, Australia, New Zealand, the UK, and Ireland beginning in May. The stock rises to one-month highs on above 3x average volume.
S
by SwingingForward
Growth Stocks Are Taking Back LeadershipStocks fell hard after the June 10 Federal Reserve meeting. The S&P 500 bounced after holding 3,000, and some interesting changes have occurred amid the volatility. Simply put, money is rotating back to “growth” and away from “value.” Recent weeks saw a big surge of interest in beaten-down “reopening” stocks like airlines, banks, industrials, energy. But now it’s fading. A comparison between the Russell 2000 ETF (IWM) against the Invesco QQQ Trust (QQQ) is a good proxy for this trend. IWM, heavy on smaller industrial and financial companies, rose 30 percent between the lows of May 14 and the June 8 high. QQQ, loaded with large technology companies, rose just 15 percent over that period. But now everything is changing. IWM is down about 6 percent from its pre-Fed highs, while QQQ is 1 percent higher. IWM hasn’t even benefited much from strong economic numbers recently, like the New York Fed’s Empire State Manufacturing Index or retail sales. (Those should have lifted cyclical value stocks more.) The technicals of each ETF also speak volumes because QQQ is above its February highs, while IWM is stuck below its 200-day simple moving average (SMA). This growth-versus-value debate has occurred a few times in recent years. Value briefly outperformed in late 2016, and again late last year. Both times, it faded and the dominant theme of large-cap technology returned. Based on the current price action, the same thing could be happening again.
NASDAQ:QQQ
by TradeStation
1
TTD BLUE SKY BREAKOUT to SLINGSHOTTTD went through a 10 day consolidation after breaking out from 316 to 370. Currently set up for a potential slingshot to hit 400. Price is looking strong holding its footing above the 10 day EMA. Fundamentals are showing accelerating revenues and expanding margins due to its resilience to the pandemic and mostly benefiting from the shift to work from home and e-commerce. One of the few high growth stocks that's taking a slice of Facebook and Google market share in advertising. With revenue growth of 37% YoY and top margins of 76% compared to sector median of 7.24%, this is definitely one for the long haul. Let me know your thoughts and best of luck on your trades.
NASDAQ:TTDLong
by TradingMavericks