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Chart Reading: PINS on the move finally? PINS may be on the move ... but has to first contend with 2 heavy congestion zones ahead. This chart reading uses MA's, simple VPA (Volume Price Analysis), MACD/Momentum and "built-in" Bar Strength analysis The weekly view is much easier to see given the high volatility on the daily TF .. there's finally some positive sentiment building up on the weekly - the weekly also shows that recently there is (relatively) good reaction to up moves and weak reaction to the downside ... let's keep an eye on PINS thoughts & comments ?
NYSE:PINSLong
by RedKTrader
Pinterest's gains to be capped.Pinterest - 30d expiry - We look to Sell at 26.74 (stop at 28.01) The primary trend remains bearish. The trend of higher highs is located at 26.80. In our opinion this stock is overvalued. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies. Although the market broke to the upside in early trade, bespoke resistance at 26.80 capped the gains. Our profit targets will be 23.61 and 23.11 Resistance: 25.50 / 26.80 / 27.50 Support: 22.80 / 22.00 / 20.80 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:PINSShort
by VantageMarkets
15 Companies that have organic growth of financial resultsIt is good options to buy when the market is at the bottom (we think it is summer 2023, you can see our macro scenario here ) Type: growth stock 1. Okta – operates in the Identity Management market (identification protocols). It sells its products to individual companies and as part of integration with the other industry leaders (Zscaler). Organic growth is expected due to a low penetration of Identity Management in corporate environment (20% now). The market could reach the value of 70 bln, according to McKinsey. We anticipate revenue to expand by ~30% over the next few years. Downside: 1) The company regularly dilutes equity to finance R&D and marketing. Upside 1) Has a positive EBITDA margin, will have a positive FCF as soon as 2024. 2. Twilio – operates in the CPaaS market. The valuation already reflects negative expectations from the slowdown of the CPaaS market amid shrinking advertising budgets (weak consumer). We expect revenue to expand by 25%+ over the next few years, which is also reflected in the company’s long-term valuation. Downside: 1) The company regularly dilutes equity to finance R&D and marketing. The emergence of various solutions in the market that are powered by GPT-3 (a neural network), which generates human-like responses based on the learning of the target audience. These solutions are less costly for companies; however, major companies aren’t bent on integrating it just yet. I believe that Twilio could integrate it in its own product, as GPT-3 has an open source code. Upside 1) Has a positive EBITDA margin, will have a positive FCF as soon as 2024. 3. Zscaler. The company operates in the narrowly specialized SSE market. Industry leader. Organic growth is expected due to the current low penetration in corporate solutions (around 3%). We anticipate the company will practically double its cash flow every year over the next 2 years + it’s profitable 4. Paypal. In the third quarter PayPal demonstrated again that the company’s strategy is bearing fruit even as the global economy is slowing down. The multipronged development of PayPal’s services remains key for its organic growth. What used to be a fairly narrow-focused service to pay for goods and services is adding ever more new functions: PayPal continues to cooperate with Apple and is expanding the opportunities for contactless payment, while also working to increase engagement with the audience through the Braintree payment system. Therefore, even in the middle of an unfavorable macroeconomic environment and faced with declining consumption in the cyclical sectors, the company is seizing ever more market share. Upside: the management plans to boost operating margin by about 100 bps next year by developing infrastructure and reducing transaction costs. 5. Tesla. Tesla publishes fairly strong reports: Revenue and operating profit grow by 50-60% y/y. unlike other players, Tesla also improves its business margins. When China ends lockdowns, the issue of downtime at Tesla’s Chinese plant, its largest, will go away. Also, as soon as this quarter (the fourth quarter) Tesla will share access to its FSD and release it to the mass market. In general, the company is feeling well. Its stock price has fallen ahead of the market amid Musk’s purchase of Twitter and the current perturbations at Twitter. Also. Musk sold some of his Tesla shares to fund the purchase of Twitter. Musk’s current share is ~13%. Type: cyclical stocks 1. Livent. The company is moving ahead in line with our forecast. The company has several growth projects that start as soon as 1Q 2023, and also in 4Q 2023. They will add 100% of lithium carbonate production. Lithium prices, give or take, are set to remain near their current levels as demand from the EV industry continues to be strong (even as consumption is low, the market cannibalizes ICE models). Downside: 1) Poor reporting on sales volumes. Chemicals prices continue to hold high. If lithium prices turn around, that will erase the margin. Upside: 1) The company operates with a high gross margin. Its costs are $7,000 per 1 ton of production while the price now is about 80,000 a ton. 2. Darling. The company has piled up a lot of cash on the balance sheet. It now uses it for strategic precision purchases, which fuel its growth. + 30% of EBITDA comes from DGD, the growth of operating metrics will largely happen in 2023, so by 2024 operating metrics will rise by 50%. The stock took a lot of hammering as Biden seeks to revise the 17-year-old EPA and shift the program toward biogases. EBITDA will get a strong boost due to declining agricultural commodities prices. Downside: 1) Margin is tamped down because of the acquisition spending (temporary impact) + agricultural commodities prices could hold above our expectations, which means EBITDA wouldn’t get as much of a boost Upside 1) core business is stable 3. Crocs. the company grows fast in terms of operating metrics (physical shipments of footwear of its own brand and HeyDude), and has been able to switch to air freight delivery, which has been immediately reflected in EBITDA, as was expected. Crocs is now laser focused to consolidate the Asian rubber footwear market, as it regards it as the main and priority market. Downside: 1) High debt, which was taken out to buy HeyDude. However, they are paying it back as they are successfully integrating HeyDude in its organic structure. Upside 1) They are able to pass a high share of costs on to the consumer (high gross margin). The average selling price of footwear is $25, while production costs are $10. The brand name is actively working for the company, advertising costs aren’t rising too much (the collaboration with stars that have audiences of millions of people does its part + go on advertising: let’s say, when you see a celebrity wearing Crocs out in the street, rather than on your phone screen, you want them, too. 4. Pinterest. In the third quarter Pinterest showed a net increase of monthly active users for the first time this year. It totaled 445 million people: 95 mln in the US and Canada and 350 mln in other regions. Although the digital advertising market has taken a heavy blow in 2022 as economy slowed down and advertising budgets were downsized, Pinterest continues to show a stable growth of average revenue per user: The total ARPU reached $1.54 (+8.16% y/y) in 3Q, compared with our forecast for $1.59. 5. Ulta. As of now, organic growth is possible only through opening mini outlets at Target stores. The beauty industry, including Ulta, isn’t falling that much as the company/industry get the bulk of their revenue from beauty enthusiasts (who use cosmetics no matter what, even expensive ones). + the company continues to show a high pace of LFL sales growth due to foot traffic and the average ticket. For two straight quarters now, the company has beaten analyst expectations, but not ours for EPS, due to an increased efficiency of inventory accounting/arrangement of products per 1 square meter (essentially, every inch is used for commercial purposes). 6. Netflix. The business is essentially mature. What could breathe life into it is a strategy to acquire users in low-income markets + add-supported subscription. 7. Transocean. For a few straight quarters now, RIG has showed it’s getting new contracts, including long-term ones, at elevated prices. As long as the trend continues, we expect the company’s gross margin to expand because RIG, when it concludes contracts, includes the future growth of costs in the contract value. All the contracts have fixed revenue, rather than adjustable one, so that’s why. With oil price at $70+ and given underinvestment in the industry, RIG is sure to have demand for its ships. Type: Chinese, Taiwanese stocks 1. TSMC. TSMC shows a stable growth of financial results and growing business margins. TSMC, in effect, has a monopolistic position in the market, with major companies in the US and China relying on its products. If China seeks to maintain economic growth and improve the well-being of its citizens, then most likely nothing will happen to Taiwan before 2024 (the year of presidential elections in Taiwan). Therefore, 2023 will be a year of continued growth for TSMC, even amid a global recession. 2. Li Auto. Li Auto shares have been dumped amid the decline of its gross margin as demand skewed toward the more expensive EV. That’s the most expensive EV made in China and the strong demand for it demonstrates that the company’s revenue will continue to rise. Li Auto is in the middle of an investment phase now, being busy boosting its R&D in EV software and various components in order to achieve a greater vertical integration. The company continues to expand in terms of capacity, dealerships, and invest in its autopilot. The company holds substantial promise, just like Tesla. What’s more, Li Auto is on the party list as the third-largest EV producer. 3. Baidu. If China relaxes its lockdowns, Baidu’s core business – advertising – will gain pace, with revenue and operating revenue getting a boost. Baidu actively invests in its proprietary systems for AI-powered driving and digitalization of industrial businesses and state-owned companies. In 2024 Baidu is set to start manufacturing EVs jointly with Jidu.
SP:SPX
by InvestHeroesGlobal
Pinterest rallies continue to attract sellers.Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71) Posted a Treble Top formation. The primary trend remains bearish. In our opinion this stock is overvalued. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 26.14 has been pivotal. 26 continues to hold back the bulls. Resistance could prove difficult to breakdown. Our profit targets will be 22.33 and 21.33 Resistance: 24.00 / 25.00 / 26.00 Support: 22.60 / 22.00 / 20.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:PINSShort
by Saxo
Pinterest rallies to be capped.Pinterest - 30d expiry - We look to Sell at 25.49 (stop at 26.71) Posted a Treble Top formation. The primary trend remains bearish. In our opinion this stock is overvalued. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 26.14 has been pivotal. Rallies should be capped by yesterday's high. Our profit targets will be 22.33 and 21.33 Resistance: 24.00 / 25.00 / 26.00 Support: 22.60 / 22.00 / 20.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:PINSShort
by Saxo
Looking for a replacement for trading Twitter shares?Now that Elon Musk’s buyout of Twitter has been completed, and the company has been taken off the trading market, what comparable stocks can traders look to trade now? Of course, there are other social media compatriots that traders could turn to, or even other companies of a similar market capitalisation that are in takeover talks and abiding by a similar volatility. A stock that might just fit the bill could be the social media outlier; Pinterest. Pinterest sometimes likes to position itself as the antithesis of Twitter and Instagram, where users find inspiration rather than encountering toxicity and developing body-image disorders. While I can't speak to the truthfulness of this claim, Pinterest is still categorised as a social media platform and its stock price can be affected by some of the same micro and macroeconomic events that affect this sub-sector. As such, and as illustrated on the chart, Pinterest and Twitter have followed a very similar stock price trajectory. This parallel in stock prices would have been a lot closer if not for Musk’s bid for Twitter at an inflated price in April 2022, and the subsequent court battles that led to him eventually completing the buyout. Pinterest, like Twitter, may also start fielding takeover bids, hopefully at a chunky premium. In October 2021, PayPal offered $45 billion for Pinterest, which would have been the costliest acquisition of social media company since Microsoft bough LinkedIn for $26 billion in 2016. The bid would have represented a premium of 24.5% over PINS share price the day before the announcement. However, PayPal reneged its bid shortly after offering it when investor sentiment proved to be against the deal, and PayPal tanked ~12.0% in the three days after revealing an offer had been made. As of November 2022, the value of Pinterest has slipped to $16.5 billion and may be a more attractive prices for other suitors to come calling, especially if the value that PayPal’s board saw in Pinterest (and that Paypal’s investors overlooked) has been retained. Perhaps suggesting this is true was Pinterest's third-quarter earnings report in the final week of October 2022. Pinterest reported that its third-quarter revenue increased 8% year-over-year to $685 million. Pinterest shares have surged ~11% in the last five trading days. What make this remarkable is when you compare it to other social media and tech stocks, particularly Facebook which is down ~29%, and Alphabet (which owns YouTube) which is down ~8% since they reported their respective earnings around the same time last week. The latter has even been rumoured to be exploring an acquisition of Pinterest after Alphabet's CEO Sundar Pichai gave a coy response to a question put to him in September about targets the company was considering for takeover.
NYSE:PINS
by BlackBull_Markets
Why did Pinterest’s shares surge 16% last Friday?Pinterest’s (NYSE:PINS) shares closed up 16.2% on Friday on the New York Stock Exchange after the Wall Street Journal reported after market hours on Thursday that activist investor Elliott Investment Management has built a stake in the digital pinboard platform. Top-level departures The news came just two weeks after the company, which has been struggling with declining monthly active user numbers, announced that founder and CEO Ben Silbermann, has stepped down from the top job after more than a decade at the helm. Silbermann, 39, co-founded Pinterest with Paul Sciarra and the company’s former chief design and creative officer Evan Sharp in 2010. He was succeeded by Bill Ready, formerly from Google. The Information reported in late January that Pinterest had lost at least seven senior executives — in roles ranging from creator marketing to corporate development — at the time. Losses mount on shrinking user base The CEO change came as Pinterest booked another quarterly loss in the first quarter of 2022. Net loss totaled $5.3 million in the three months ended March 31, down from $21.7 million a year earlier, while revenue surged 18% year over year to $574.9 million. Still, the company continues to suffer from declining user numbers. Its global monthly active users (MAUs) in the first quarter narrowed 9% from a year ago to 433 million, falling short of estimates. In 2021, the company’s MAUs shrank 6% from 2020 to 431 million. TikTok wannabes Pinterest has employed various measures to bring back users to its platform including attempting to be like TikTok. The platform launched a video-first feature called “Idea Pins” in May 2021, allowing users to post short-form videos. It follows the launch of a “watch feature” in October 2021 that was similar to TikTok’s feature in which users scrolled through short videos. Pinterest is not the only app to attempt to be like TikTok. Even Meta Platforms’ (NASDAQ:META) Facebook and Instagram apps have introduced “Reels” to their platforms as the short-form video trend gains more momentum. Alphabet’s (NASDAQ:GOOGL) YouTube also introduced “Shorts” in late 2020 to keep up with the trend. Elliott stepping in With Elliott Investment Management reportedly taking a more than 9% stake in Pinterest to become the group’s largest shareholder, the activist investor could prompt Pinterest to speed up the restructuring of the platform’s business strategy. Elliott is known for being an aggressive activist investor and among the most notable changes it helped carry out was the 2021 departure of Jack Dorsey as CEO of Twitter (NYSE:TWTR), the company he co-founded. Elliott has also pushed for the spinoff of certain assets from eBay (NASDAQ:EBAY), leading to the divestment of StubHub in 2019 and Classifieds in 2020. The WSJ report, which cited people familiar with the matter, said Elliott has been in talks with Pinterest over the past several weeks, although the subject of their discussions could not be determined. Kenneth Squire, chief investment strategist at shareholder activism research firm 13D Monitor, said Elliott’s investment “is a sign of confidence in Ready’s ability to pursue several opportunities to better monetize the company’s user base.” Elliott Investment Management could push Pinterest to boost its ad revenue in global markets where they are getting 10 to 20 cents per month per user. The platform could also increase its revenue by bolstering its e-commerce service. “Given their expertise and history, we would expect Elliott to look for a board seat here, like they did at eBay and Twitter,” Squire said. Squire expects the shakeup of Pinterest to be amicable as Elliott has gained a lot of respect from shareholders and directors in the tech sector since it shook things up at Twitter and eBay. Pinterest’s shares are down 44% year-to-date as of Friday, and down 71% from a year earlier.
NYSE:PINS
by BlackBull_Markets
2
PINS: Activist could change fortunes?Pinterest Short Term - We look to Buy at 18.86 (stop at 16.57) This stock has recently been in the news headlines with hedge fund Elliot Management reported to have taken 9% stake in the social media company. The bullish engulfing candle on the 4 hour chart the positive for sentiment. There is scope for mild selling at the open but losses should be limited. Support is located at 18.00 and should stem dips to this area. We look to buy dips. Our profit targets will be 24.90 and 27.00 Resistance: 25.00 / 28.00 / 36.00 Support: 17.00 / 12.00 / 6.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:PINSLong
by VantageMarkets
1