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Official Exclusive makes some of the coolest enameled pins out there. Their extensive collection includes pins based on classic cameras including rangefinders, SLRs, medium format, and 8mm. They also make mini synthesizers, lighting gear, vintage stereo receivers, and other fun goodies for geeks. Their Dinosaur Photographer is cute too.
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Paul Strauss
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Citi has released a list of 20 large-cap growth stocks that it says present opportunities in the event of a pullback.
“Our call since early summer has been to hold Growth and look to buy on pullbacks,” Citi analyst Scott Chronert said in a note released Monday, adding that Citi has had a tactical preference for cyclicals. “However, on the heels of the strong Cyclicals surge during June and July, and our upwardly revised S&P 500 target of 4600, the messaging has been to buy on pullbacks more broadly,” he wrote.
Citi also notes that the Russell 1000 Growth Index
RLG
has sold off more than 6% from its mid-July high, although two-thirds of the stocks in the index are down 10% or more, with one-third down more than 20%. “This sets up for interesting intermediate to long-term stock selection opportunities,” Chronert said.
Related: Preorders for the iPhone 15 have begun, and here’s a sign they’ve been ‘solid’
The analyst acknowledged that there is still a risk of economic softening ahead, if not a recession. “Yet, the argument that Growth stocks can show fundamental resilience during periods of broader economic weakening is a theme that we have considered for several years now,” he said.
Set against this backdrop, the analyst firm has compiled a tech-heavy list of 20 stocks that have a buy rating from Citi, have at least 75% of market cap assigned to growth, according to Russell, and have experienced a decline of 10% or more from year-to-date highs since March 31. Other common characteristics of the stocks include consensus estimates of free cash flow per share above March 31 levels and free cash flow per share within or above market-implied five-year-forward estimates.
Tech heavyweights Apple Inc.
AAPL,
and NVIDIA Corp.
NVDA,
are on the list, along with Pinterest Inc.
PINS,
Lam Research Corp.
LRCX,
Teradata Corp.
TDC,
Datadog Inc.
DDOG,
MongoDB Inc.
MDB,
HubSpot Inc.
HUBS,
and KLA Corp.
KLAC,
The other stocks cited by Citi are Lockheed Martin Corp.
LMT,
DraftKings Inc.
DKNG,
Las Vegas Sands Corp.
LVS,
Chipotle Mexican Grill Inc.
CMG,
Netflix Inc.
NFLX,
TKO Group Holdings Inc.
TKO,
Rockwell Automation Inc.
ROK,
and Paycom Software Inc.
PAYC,
and healthcare stocks Bruker Corp.
BRKR,
Insulet Corp.
PODD,
and Intuitive Surgical Inc.
ISRG,
Related: Will Nvidia stock be like Apple or Cisco in the AI era?
Shares of Apple, which recently launched its iPhone 15, are down 5.5% in the last three months. Shares of chip maker NVIDIA are up 2.8% over the same period, while Lockheed Martin is down 8.9% and DraftKings is up 8.6%. Las Vegas Sands is down 21.8% and Chipotle is down 8.8%, while Netflix is down 7.8%.
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This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.
https://www.barrons.com/articles/stock-market-movers-457cee3b
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This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.
https://www.barrons.com/articles/stock-market-movers-98396473
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Pinterest, Inc. (NYSE:PINS – Get Rating) CFO Todd R. Morgenfeld sold 55,241 shares of the stock in a transaction on Wednesday, December 28th. The shares were sold at an average price of $23.04, for a total value of $1,272,752.64. Following the completion of the transaction, the chief financial officer now directly owns 641,025 shares in the company, valued at approximately $14,769,216. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NYSE:PINS opened at $24.28 on Monday. Pinterest, Inc. has a 52-week low of $16.14 and a 52-week high of $38.20. The company has a market capitalization of $16.47 billion, a P/E ratio of 346.91 and a beta of 0.98. The company has a 50-day simple moving average of $24.01 and a 200 day simple moving average of $22.59.
Pinterest (NYSE:PINS – Get Rating) last issued its earnings results on Thursday, October 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. Pinterest had a net margin of 2.21% and a return on equity of 3.10%. The business had revenue of $684.55 million during the quarter, compared to the consensus estimate of $664.97 million. As a group, equities analysts forecast that Pinterest, Inc. will post -0.11 earnings per share for the current year.
PINS has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price objective on shares of Pinterest from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, October 28th. Wolfe Research upgraded shares of Pinterest from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research report on Wednesday, September 7th. Royal Bank of Canada upped their price objective on shares of Pinterest from $23.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 28th. Guggenheim upped their price objective on shares of Pinterest to $26.00 in a research report on Tuesday, November 1st. Finally, Piper Sandler upgraded shares of Pinterest from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $30.00 in a research report on Tuesday, December 13th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.88.
Several hedge funds have recently bought and sold shares of PINS. Financial Advocates Investment Management lifted its position in Pinterest by 2.0% during the third quarter. Financial Advocates Investment Management now owns 21,538 shares of the company’s stock worth $502,000 after acquiring an additional 432 shares during the last quarter. Capital International Sarl grew its stake in shares of Pinterest by 4.8% during the first quarter. Capital International Sarl now owns 11,867 shares of the company’s stock worth $292,000 after buying an additional 539 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Pinterest by 17.6% during the third quarter. First Horizon Advisors Inc. now owns 3,628 shares of the company’s stock worth $85,000 after buying an additional 543 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Pinterest by 1.4% during the first quarter. Wetherby Asset Management Inc. now owns 42,863 shares of the company’s stock worth $1,055,000 after purchasing an additional 573 shares during the period. Finally, Motley Fool Asset Management LLC lifted its holdings in shares of Pinterest by 4.2% during the second quarter. Motley Fool Asset Management LLC now owns 14,993 shares of the company’s stock worth $303,000 after purchasing an additional 608 shares during the period. 71.95% of the stock is currently owned by institutional investors and hedge funds.
Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company’s engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.
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ABMN Staff
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