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Globe and Mail
14-04-2025
- Business
- Globe and Mail
ThredUp Stock Is Staring Down New 52-Week Highs
ThredUp (TDUP) has strong technical indicators, is trading above its daily moving averages, and has a 100% technical 'buy' signal. The company faces tough competition, but it has also demonstrated remarkable price appreciation over the past year. Wall Street is generally bullish, with analysts issuing three 'Strong Buy' ratings on TDUP stock. Today's Featured Stock: Valued at $394 million, secondhand online retailer ThredUp (TDUP) is challenging its competition. The company is a component of the Russell 2000 Index (IWM). What I'm Watching: I found today's Chart of the Day by using Barchart's powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. I then used Barchart's Flipchart feature to review the charts for consistent price appreciation. TDUP checks those boxes. Since the Trend Seeker signaled a 'buy' on April 7, the stock has gained 20.64%. On the chart, you can note that the stock is trading above all of its daily moving averages and has rising prices on rising volume. The stock has strong competition. Competitors are fierce and include The RealReal (REAL), Poshmark, and eBay (EBAY). Barchart Technical Indicators for TDUP Stock: Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. These technical indicators form the Barchart Opinion on a particular stock. When a stock is trading above all of its daily moving averages and closed within less than 1% of its 52-week high, it won't take much to hit another new high ThredUphas a 100% technical 'buy' signal. The stock closed at $3.39 on April 11 within 0.29% of its 52-week high of $3.40. TDUP has a weighted alpha of +46.22 The stock has gained 97.09% over the past year. Trend Seeker 'buy' signal intact. TDUP is trading above its 20-, 50- and 100-day moving averages. The stock has made 11 new highs and is up 47.83% in the last month. The 14-day Relative Strength Index is at 73.83% The technical support level is at $3.23. Follow the Fundamentals: Note the projected increases in both revenue and earnings. Revenue is expected to grow 5.46% this year and another 6.78% next year. Earnings are estimated to increase by 29.41% this year and by 10.26% next year. Analyst and Investor Sentiment on ThredUp: I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide. It looks like not only Wall Street analysts, but also many of the popular investing advisory services, are bullish on this stock. Wall Street analysts issued three 'Strong Buy' and one 'Hold' opinion on the stock with a price target of $3.00. Value Line gives the stock its average rating and comments: 'ThredUP, Inc. is transforming resale with technology and a mission to inspire a new generation of consumers to think secondhand first. By making it easy to buy and sell secondhand, ThredUP has become one of the world's largest resale platforms for women's and kids' apparel, shoes and accessories. Sellers love ThredUP because it makes it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price.' CFRA's MarketScope gives the stock a 'Hold' rating. MorningStar thinks the stock is 14% overvalued mainly because of its recent price run up. Motley Fool investors are bearish. Of the 61 investors following the stock on Motley Fool, 16 investors think the stock will beat the market while 45 think it won't. 1,780 investors monitor the stock on Seeking Alpha, which rates the stock a 'Hold.' The Bottom Line: Currently TDUP has market momentum but it will have a hard time taking market share for some much bigger rivals. Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
Globe and Mail
20-02-2025
- Business
- Globe and Mail
Can Alibaba Hang On?
Summary Alibaba (BABA) has shown strong technical buy signals, gaining 39.78% since a Trend Seeker buy signal on 1/27, and is above key moving averages. The company operates across multiple segments, including e-commerce, cloud computing, and digital media, with a market cap of $301 billion and a P/E of 16.81. Analysts have mixed opinions, with a consensus price target of $122; Value Line and MorningStar highlight risks, including market share loss and China policy concerns. Barchart emphasizes the stock's volatility and suggests a disciplined investment approach, recommending regular reevaluation of stop losses to manage risk. The Chart of the Day belongs to the Chinese internet retailer Alibaba (BABA). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/27 the stock gained 39.78%. BABA Price vs Daily Moving Averages: BABA (Barchart) Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao and Tmall, which are digital retail platforms; Alimama, a proprietary monetization platform; 阿里1688 and which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; Freshippo, a retail platform for groceries and fresh goods; and Tmall Global, an import e-commerce platform. The company also operates Cainiao Network logistic services platform; an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, it offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, the company provides elastic computing, storage, network, security, database, big data, and IoT services; and hardware, software license, software installation, and application development and maintenance services. Additionally, it operates Youku, an online video platform; Quark, a platform for information search, storage, and consumption; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency mobile app; Tmall Genie smart speaker; and Qwen, an artificial intelligence chatbot. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China. Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. Barchart Technical Indicators: 88% technical buy signals 79.71+ Weighted Alpha 70.19% gain in the last year .315 - 60 month Beta Trend Seeker buy signal Above its 20, 50 and 100 day moving averages 12 new highs and up 47.78% in the last month Relative Strength Index 82.67% Technical support level at $124.59 Recently traded at $125.79 with 50 day moving average of $92.91 Fundamental Factors: Market Cap $301 billion P/E 16.81 Dividend yield 1.29% Revenue expected to grow 6.16% this year and another 8.05% next year Earnings estimated to increase 1.17% this year and an additional 12.59% next year Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide: Wall Street analysts issued 28 strong buy, 7 buy, 7 hold and 1 sell opinion on the stock Their price targets between $85 and $155 with a consensus of $122 Value Line gives the stock an above average rating with a price target of $94 for a 25% loss and comments:" Alibaba stock has been on a roller coaster ride over the past six months. Subsequent to the recent dip in price, Alibaba ADSs offer wide capital appreciation potential over the 2027- 2029 horizon. That said, risk-averse investors would be wise to steer clear, given the stock's elevated volatility lately. " CFRAs MarketScope rates the stock a hold with a price target of $105 and comments:" Our Hold rating reflects our view of improving fundamentals, partly offset by inherent China risks. Although we're extremely concerned about China's policy motives, we think most segments are witnessing improving trends (albeit at a very slow pace) " MorningStar thinks the stock is 26% over valued and comments: "Alibaba is losing market share to PDD Holdings, or PDD, and Douyin in the China e-commerce business, and we don't see a quick fix in the near term. Alibaba's number of annual active consumers in the China retail marketplace was surpassed by PDD in the fiscal year ended March 2021. Meanwhile, Douyin has gained share from Alibaba especially in the beauty and apparel categories in recent years, and entered the traditional search-based e-commerce space, competing directly with Alibaba. The number of annual active consumers at Alibaba is close to the ceiling in China." Of the 3.166 investors following the stock on Motley Fool 2,716 think the stock will beat the market and 450 think it won't 524,930 investors monitor the stock on Seeking Alpha Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis. I really enjoy and solicit your feedback. If you find Chart of the Day helpful please click the envelope in the upper right corner and leave a comment. Constructive criticism is also appreciated
Globe and Mail
05-02-2025
- Business
- Globe and Mail
Spotify Is Spot On!
Summary Spotify Technology (SPOT) shows strong technical indicators with 100% buy signals, a 179.48% gain in the last year, and consistent price appreciation. The stock has a Trend Seeker buy signal since 1/22, resulting in a 25.98% gain, and is above its 20, 50, and 100-day moving averages. Analysts have mixed opinions with a consensus price target of $507, while fundamental factors show expected revenue and earnings growth this year and next. Despite positive momentum, the stock is volatile; diversification and moving stop loss strategies are recommended for potential investors. The Chart of the Day belongs to audio streaming service Spotify Technology (SPOT). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/22 the stock gained 25.98%. SPOT Price vs Daily Moving Averages: Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its users on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg City, Luxembourg. Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. Barchart Technical Indicators: 100% technical buy signals 179.16+ Weighted Alpha 179.48% gain in the last year Trend Seeker buy signal 1.63 - 60 month Beta Above its 20, 50 and 100 day moving averages 13 new highs and up 17.14% in the last month Relative Strength Index 86.92% Technical support level at $594.09 Recently traded at $621.77 with 50 day moving average of $485.49 Fundamental Factors: Market Cap $109 billion P/E 149.06 Revenue expected to grow 14.98% this year and another 13.44% next year Earnings estimated to increase 69.81% this year and an additional 23.98% next year Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide: Wall Street analysts issued 17 strong buy, 8 buy, 10 hold and 2 sell opinions on the stock Their price targets between $231 and $726 with a consensus of $507 for an 18% loss Value Line rates the stock average with a price target of $452 for a 20% loss and comments:" The long-term view is promising from an operational standpoint. On the downside, even though we raised our Target Price Range, recent price strength has limited appreciation potential out to late decade." CFRAs MarketScope rate the stock a buy with a price target of $675 and comments:" We expect SPOT to sustain operating profit based on scale efficiencies and reductions in content delivery costs, partly offset by higher development costs." MorningStar thinks the stock is 22% over valued and comments:" Spotify materially exceeded its guidance as it posted record fourth-quarter subscriber additions and revenue growth remained strong (17% year over year). More critically, operating income and free cash flow continued to surge as the firm ended its first year of net profitability." There are 639 investors monitoring the stock on Motley Fool and 533 think it will out perform the S&P 500 and 106 predict it will under perform the S&P 500 78,050 investors monitor the stock on Seeking Alpha Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis. I really enjoy and solicit your feedback. If you find Chart of the Day helpful please click the envelope in the upper right corner and leave a comment. Constructive criticism is also appreciated
