In some cases, something you don’t really want becomes a value if the price gets low enough. That explains some fast-food value menus, and it contributes to the appeal of dollar stores.
But there are other items — think Miami Marlins tickets or a bottle of Mountain Dew — that you don’t want no matter the price. Something you don’t want doesn’t become a deal because it’s cheap. It becomes a burden you’re stuck with, like an ugly painting you have to hang up every time the aunt who gave it to you visits.
In my view, Frontier Communications (NASDAQ:FTR) is all of those terrible things. Yes, it’s cheap, but that should not tempt investors. Buying a stock at a low price makes sense if there’s a reasonable expectation it will rise. Frontier seems like a deal compared with high-flying T-Mobile (NASDAQ:TMUS), but as I see it, that’s like saying a broken-down scooter is a good deal compared with a new Porsche.
T-Mobile CEO John Legere has led the company on an impressive run. Image source: Getty Images.
Best Low Price Stocks To Buy For 2019: DarioHealth Corp. (DRIO)
Advisors’ Opinion:
- [By Lisa Levin]
DarioHealth Corp. (NASDAQ: DRIO) is projected to report quarterly loss at $0.19 per share on revenue of $1.74 million.
CPI Aerostructures, Inc. (NYSE: CVU) is estimated to report quarterly earnings at $0.1 per share on revenue of $18.50 million.
- [By Max Byerly]
Teleflex (NYSE:TFX) and DarioHealth (NASDAQ:DRIO) are both medical companies, but which is the superior investment? We will compare the two businesses based on the strength of their dividends, valuation, earnings, analyst recommendations, institutional ownership, profitability and risk.
Best Low Price Stocks To Buy For 2019: Intuit Inc.(INTU)
Advisors’ Opinion:
- [By Joe Tenebruso]
Shares of Intuit (NASDAQ:INTU) popped nearly 15% last month, according to data provided by S&P Global Market Intelligence, as investors cheered the tax, accounting, and personal finance software company’s solid second-quarter results.
- [By Motley Fool Transcribing]
Intuit (NASDAQ:INTU) Q2 2019 Earnings Conference CallFeb. 21, 2019 4:30 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Brian Stoffel]
However, my stock pick in the high-switching-costs category is not a bank, though it’s involved in financial services. I believe Intuit (NASDAQ:INTU) offers particularly “sticky” services. If the name doesn’t ring a bell, perhaps its two biggest products do: TurboTax and QuickBooks.
- [By Garrett Baldwin]
Markets have been under pressure once again by the U.S. Federal Reserve. Inflation levels are going through the roof… but the people in charge of managing it have been lying to Americans for years. Now it’s time to get even. Money Morning Liquidity Specialist Lee Adler has the perfect way to make a lot of money when no one is looking. Read it here.
The Top Stock Market Stories for Tuesday
Despite all of the political noise, both China and the United States have agreed to take a step back and seriously pursue talks that may prevent further tariff impositions. The biggest development on the trade front is that the Trump administration is considering a plan to lift a sales ban on Chinese mobile giant ZTE. Shares of Micron Technology Inc. (Nasdaq: MU) are pushing higher after the company announced a $10 billion plan to buy back stock. Micron reported earnings on Monday, and the Boise-based firm easily topped Wall Street expectations. Facebook Inc. (Nasdaq: FB) was pushing a bit higher on Tuesday as the firm prepared to address data privacy issues in Europe. The social media giant’s CEO, Mark Zuckerberg, is set to speak before European lawmakers this morning. Zuckerberg will testify this morning, just three days after the European Union enforced more stringent laws on consumer data protection.
Three Stocks to Watch Today: GM, KSS, TSLA
Shares of General Motors Co. (NYSE: GM) were pushing higher after the auto giant reported that China will be lifting restrictions on U.S. automotive parts and cars. But GM isn’t the only beneficiary. Look for shares of Ford Motor Co. (NYSE: F) and Fiat Chrysler Automobiles NV (Nasdaq: FCAU) to also get a boost out of the Chinese economy. Shares of Kohl’s Corp. (NYSE: KSS) popped 5% after the firm beat earnings expectations and easily topped same-store sales during the first quarter. The company also raised its 2019 earnings numbers, which helped fuel investor sentiment. Shares of Tesla Inc. (Nasdaq: TSLA) are in focus - [By Money Morning Staff Reports]
This has major financial institutions issuing warnings ahead of one of the biggest technological shifts in the history of the world.
The Top Cryptocurrency Stories for Wednesday
Yesterday, one of Bitcoin’s biggest proponents once again released an extremely bullish outlook on the cryptocurrency. Billionaire investor Tim Draper said Tuesday that “Bitcoin is bigger than the Internet,” and he also said its influence will be even bigger than the Industrial Revolution, the Renaissance, and the Iron Age. The statement comes after he released a recent price target of $250,000 by 2022. Not everyone is buying into Bitcoin’s post-tax season rally. Bill Harris, the former CEO of PayPal Holdings Inc. (Nasdaq: PYPL) and Intuit Inc. (Nasdaq: INTU), sounded off Tuesday in an op-ed piece titled “Bitcoin Is the Greatest Scam in History.” Harris called the cryptocurrency a “colossal pump-and-dump scheme” that has no precedent on the world stage. Bitcoin proponents immediately took to social media and online blogs to refute Harris’ arguments. Forbes contributor Kyle Torpey vented that Harris’ focus was misguided and took special issue with his claim that “Bitcoin has no value.” The crypto world has identified JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon as public enemy No. 1. Computer security pioneer and cryptocurrency guru John McAfee called out Dimon for attempting – and failing – to “end crypto.” McAfee lobbed a slew of accusations at the big banker via Twitter Inc. (NYSE: TWTR). Finally, it wouldn’t be another day in the cryptocurrency markets without another unprovoked threat to Bitcoin. The latest comes from the Massachusetts Institute of Technology (MIT). In a recent issue of the MIT Technology Review, writers presented three scenarios that could “destroy Bitcoin.” The scenarios include a “government takeover” of the cryptocurrency, the “tokenization of everything” that involves a massive influx of tokens and makes Bitcoin less valuable, and a mas
Best Low Price Stocks To Buy For 2019: Babson Capital Corporate Investors(MCI)
Advisors’ Opinion:
- [By Shane Hupp]
Musiconomi (CURRENCY:MCI) traded 3.5% lower against the dollar during the 1-day period ending at 16:00 PM E.T. on June 24th. In the last week, Musiconomi has traded down 9.8% against the dollar. One Musiconomi token can now be bought for about $0.0241 or 0.00000390 BTC on popular cryptocurrency exchanges including Cryptopia and IDEX. Musiconomi has a total market capitalization of $667,175.00 and approximately $34.00 worth of Musiconomi was traded on exchanges in the last 24 hours.
- [By Shane Hupp]
Musiconomi (CURRENCY:MCI) traded 2.1% lower against the dollar during the 24 hour period ending at 22:00 PM ET on May 21st. One Musiconomi token can now be purchased for approximately $0.0421 or 0.00000507 BTC on cryptocurrency exchanges including IDEX and Cryptopia. During the last seven days, Musiconomi has traded down 0.9% against the dollar. Musiconomi has a market capitalization of $1.17 million and approximately $1,201.00 worth of Musiconomi was traded on exchanges in the last 24 hours.
- [By Joseph Griffin]
Musiconomi (CURRENCY:MCI) traded 3.6% higher against the dollar during the 1 day period ending at 17:00 PM ET on June 12th. One Musiconomi token can now be bought for about $0.0315 or 0.00000481 BTC on cryptocurrency exchanges including IDEX and Cryptopia. Musiconomi has a market capitalization of $872,903.00 and approximately $33.00 worth of Musiconomi was traded on exchanges in the last day. During the last week, Musiconomi has traded up 2.8% against the dollar.
- [By Joseph Griffin]
Minnova Corp (CVE:MCI) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.30 and last traded at C$0.31, with a volume of 0 shares. The stock had previously closed at C$0.31.
- [By Ethan Ryder]
Musiconomi (CURRENCY:MCI) traded flat against the U.S. dollar during the 24 hour period ending at 17:00 PM Eastern on February 10th. Musiconomi has a total market capitalization of $37,823.00 and $0.00 worth of Musiconomi was traded on exchanges in the last 24 hours. One Musiconomi token can currently be bought for approximately $0.0014 or 0.00000037 BTC on major cryptocurrency exchanges. Over the last week, Musiconomi has traded flat against the U.S. dollar.
- [By Logan Wallace]
Musiconomi (CURRENCY:MCI) traded down 6.7% against the dollar during the twenty-four hour period ending at 13:00 PM ET on June 26th. Musiconomi has a market capitalization of $616,098.00 and approximately $280.00 worth of Musiconomi was traded on exchanges in the last day. One Musiconomi token can currently be purchased for approximately $0.0223 or 0.00000360 BTC on major exchanges including IDEX and Cryptopia. Over the last week, Musiconomi has traded 19.2% lower against the dollar.
Best Low Price Stocks To Buy For 2019: Nordstrom Inc.(JWN)
Advisors’ Opinion:
- [By Benzinga News Desk]
Dan Loeb is looking to play in the emerging financial technology space. The hedge fund manager behind Third Point is looking to raise $400 million for Far Point Acquisition Corp., a so-called “blank check” acquisition company, he revealed in a regulatory filing: Link
ECONOMIC DATA
The flash Composite Purchasing Managers' Index for May will be released at 9:45 a.m. ET.
New home sales report for April is schedule for release at 10:00 a.m. ET.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
The Treasury is set to auction 5-year notes at 1:00 p.m. ET.
The Federal Open Market Committee will issue minutes of its meeting at 2:00 p.m. ET.
Minneapolis Federal Reserve President Neel Kashkari is set to speak at 2:15 p.m. ET.
ANALYST RATINGS
Deutsche Bank upgrades Nordstrom (NYSE: JWN) to Buy from Hold; Raises Price Target to $55 from $52
Bernstein upgrades Celgene (NASDAQ: CELG) to Outperform
Longbow Research downgrades Shake Shack (NYSE: SHAK) to Neutral
Stifel downgrades Red Robin Gourmet Burgers (NASDAQ: RRGB) to Hold, Lowers Price Target to $55This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By JJ Kinahan]
The news wasn’t all good early Thursday. Results from J.C. Penney Company Inc. (NYSE: JCP) appeared to disappoint investors, who sent shares down more than 11 percent in pre-market futures trading. The company said in a press release that its overall top-line sales came in below management’s expectations, blaming cold April weather. We’re not done with retail yet. Nordstrom, Inc. (NYSE: JWN) reports after the close today.
- [By Douglas A. McIntyre]
Nordstrom Inc. (NYSE: JWN) may reopen plans for a leveraged buyout after good holiday results. According to The Wall Street Journal:
The failed effort by the Nordstrom family to take the namesake department store chain private will be remembered as a missed opportunity amid the selloff in retailers’ stocks last fall.
- [By Adam Levine-Weinberg]
Nordstrom (NYSE:JWN) returned to earnings growth last quarter, as the reduced corporate tax rate helped the upscale retailer post a double-digit increase in earnings per share. Investors still dumped Nordstrom stock in after-hours trading on Thursday, punishing the company for weak comparable-store sales growth.
- [By John Ballard]
However, whether because of the tax act passed late last year, or something else, consumers are starting to shop again. And that is starting to benefit traditional department stores like Nordstrom (NYSE:JWN) and Macy’s (NYSE:M). Both retailers have posted growth in comparable-store sales and have a strategy to increase their business online, where more people are choosing to shop.
Best Low Price Stocks To Buy For 2019: Zillow Group, Inc.(Z)
Advisors’ Opinion:
- [By Motley Fool Staff]
First, they review the second-quarter data from online real estate giant Zillow Group (NASDAQ:Z) (NASDAQ:ZG), which was bad, and its plan ahead, which looks scary. The company missed on revenue, and its guidance was weak, too, which would have been enough on its own to push shares lower. But the revelation that it was buying Mortgage Lenders of America did it no favors either. As Zillow moves into lending and house flipping, there’s a lot of fear among investors that it’s trying to elbow its way into some already crowded spaces where it’s strengths won’t translate.
- [By Chris Hill]
Hill: Zillow’s (NASDAQ:Z) (NASDAQ:ZG) second quarter revenue came in lower than expected. Shares of the real estate website operator down 14% this week. Jason, it was not just the weak revenue that Wall Street didn’t like.
- [By Joe Tenebruso]
Zillow (NASDAQ:Z) (NASDAQ:ZG) CEO Spencer Rascoff cleared up some misconceptions about his company’s new homebuying and mortgage origination operations during its second-quarter earnings call. Investors may be underestimating just how large these businesses could become in the years ahead.