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Stockchase Research Editor: Michael O'Reilly The recent pullback in GOOG share prices from highs near $1600, makes this a good entry point. Analysts at JPM Securties, Bank of America, Canaccord, Guggenheim, Royal Bank and Barclays have all upgraded their view on the company this past week to about $1750 -- upside of over 16%. Analysts see their cloud development businesses continuing to grow along with AI and home automation services for years to come. Yield 0%
Stockchase Research Editor: Michael O'Reilly The recent pullback in GOOG share prices from highs near $1600, makes this a good entry point. Analysts at JPM Securties, Bank of America, Canaccord, Guggenheim, Royal Bank and Barclays have all upgraded their view on the company this past week to about $1750 -- upside of over 16%. Analysts see their cloud development businesses continuing to grow along with AI and home automation services for years to come. Yield 0%
Stockchase Research Editor: Michael O'Reilly A similar e-commerce opportunity like SHOP is to North America, MELI is to Latin America. The company uses its platform to help businesses sell their items online and also has a fintech side of their business to help manage cash payments. The company reported strong Q1 earnings with sales growth over 30% for the past five years and the trend is catching on in the region. The company reports earnings this week, so there could be some opportune volatility. We would look to a pullback towards $1000 as an excellent entry point with an eye to re-test highs near $1200 or towards $1400.
Stockchase Research Editor: Michael O'Reilly A similar e-commerce opportunity like SHOP is to North America, MELI is to Latin America. The company uses its platform to help businesses sell their items online and also has a fintech side of their business to help manage cash payments. The company reported strong Q1 earnings with sales growth over 30% for the past five years and the trend is catching on in the region. The company reports earnings this week, so there could be some opportune volatility. We would look to a pullback towards $1000 as an excellent entry point with an eye to re-test highs near $1200 or towards $1400.
Stockchase Research Editor: Michael O'Reilly KLAC is a semi-conductor technology company, as in their wafer technology assists manufacturers in the most efficient production of chips. Semiconductors have enjoyed a surge in demand with the advent of cloud services, AI and upcoming 5G. KLCA also pays a decent yield that safe with a 50% payout ratio and the Board just approved the 11th consecutive dividend increase. The company has just raised its earnings guidance for the full year. Recently reported revenues were up 15%. We would use $185 as a stop loss with an objective towards $235 -- potential 15% upside. Yield 1.64%
Stockchase Research Editor: Michael O'Reilly KLAC is a semi-conductor technology company, as in their wafer technology assists manufacturers in the most efficient production of chips. Semiconductors have enjoyed a surge in demand with the advent of cloud services, AI and upcoming 5G. KLCA also pays a decent yield that safe with a 50% payout ratio and the Board just approved the 11th consecutive dividend increase. The company has just raised its earnings guidance for the full year. Recently reported revenues were up 15%. We would use $185 as a stop loss with an objective towards $235 -- potential 15% upside. Yield 1.64%
Stockchase Research Editor: Michael O'Reilly The fund is designed to track the performance of emerging companies focusing on delivering cloud based software to customers. These companies tend to benefit from a recurring revenue model. Many of the companies benefit from the "work-from-home" technologies. Holdings include companies like Zoom, Docusign, and Shopify. It offers diversification in a growth space with a low MER of 0.45%. Yield 0%
Stockchase Research Editor: Michael O'Reilly The fund is designed to track the performance of emerging companies focusing on delivering cloud based software to customers. These companies tend to benefit from a recurring revenue model. Many of the companies benefit from the "work-from-home" technologies. Holdings include companies like Zoom, Docusign, and Shopify. It offers diversification in a growth space with a low MER of 0.45%. Yield 0%
Stockchase Editor: Michael O'Reilly When Warren Buffet is a buyer, the market takes notice. He just purchased another $1.2 billion worth of shares at an average of around $24 over the past week. For arguably the strongest major US bank, BAC pays a good dividend that will certainly be sustainable, given only a 24% payout ratio. Analysts see over 15% upside in the share price. Knowing how the Oracle of Omaha invests, he might be targeting a return to even more lofty targets, near $36 -- the level it traded pre-pandemic. We also like the technical up trend of higher lows and would hold this unless it takes out key support around $22.50. Yield 2.85% (Analysts’ price target is $28.57)
Stockchase Editor: Michael O'Reilly When Warren Buffet is a buyer, the market takes notice. He just purchased another $1.2 billion worth of shares at an average of around $24 over the past week. For arguably the strongest major US bank, BAC pays a good dividend that will certainly be sustainable, given only a 24% payout ratio. Analysts see over 15% upside in the share price. Knowing how the Oracle of Omaha invests, he might be targeting a return to even more lofty targets, near $36 -- the level it traded pre-pandemic. We also like the technical up trend of higher lows and would hold this unless it takes out key support around $22.50. Yield 2.85% (Analysts’ price target is $28.57)
