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Cheap Stocks To Buy Now? 5 Communication Stocks To Watch

Check these communication stocks out for your watchlist.
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5 Communication Stocks For Your Mid-June 2022 Watchlist

Communication stocks have had their fair share of struggles over the past year. For starters, the communication sector not only comprises telecommunication services and media, but also includes the likes of social media, streaming, and online gaming. Understandably, sentiments around the sector have been lackluster as companies in this space experience a slowdown in growth following the pandemic. This is in addition to general market weakness as a result of inflation and interest rate hikes. Nevertheless, some of the top names in the industry are trading at very intriguing price points. So, it may not be the worst idea to keep a close watch on top communication stocks today. 

Elsewhere, T-Mobile (NASDAQ: TMUS) recently announced that it can aggregate three channels of mid-band 5G spectrum. As a result, it could reach speeds of over 3 Gbps on its standalone 5G network. In fact, it is the first time the test has ever been done with a commercial device on a live production network. Overall, the communication industry will likely continue to evolve and grow with time. So, here are some of the top communication stocks in the stock market today. 

Communication Stocks To Watch Right Now

Roblox

First, let us look at the technology communication company, Roblox. In detail, the company operates a human co-experience platform. Through its Roblox Platform, users can interact with one another to explore and develop, user-generated, and 3D experiences. Every day, millions of people leverage the platform along with their friends to enjoy immersive digital experiences. 

Yesterday, the company reported its key metrics for May 2022. According to Roblox, its daily active users improved to 50.4 million, up 17% year-over-year. Also, the hours engaged were 3.6 billion, an increase of 10% year-over-year. Meanwhile, its revenue for the month is estimated to be around $194 million and $197 million, representing an increase of 28%-30% compared to the same period last year. Given such an encouraging development, should investors be paying more attention to RBLX stock?

Roblox stock
Source: TD Ameritrade TOS

[Read More] 5 Top Dividend Stocks To Watch In A Bear Market

Roku

Over the past week, there has been plenty of noise around Roku. For those unaware, Roku is a company that operates a television (TV) streaming platform in the U.S., Mexico, and Canada. Besides that, it also has products such as Streambars, Roku wireless speakers, Roku TVs, and Roku Wireless Subwoofers. Now, most of the attention around the company is due to rumors suggesting that Netflix (NASDAQ: NFLX) has an interest in acquiring Roku. That said, there has been no official source that could confirm nor deny these speculations. 

Earlier this month, the streaming giant announced the launch of Espacio Latino, a new destination for the U.S. Hispanic audiences. This offers a wide collection of programming geared toward Spanish speakers on The Roku Channel. Overall, this is an exciting step forward for the company as it aims to create a unified Spanish language experience for millions of streamers to enjoy. All things considered, would you add ROKU stock to your watchlist?

ROKU stock chart
Source: TD Ameritrade TOS

Verizon

As far as telecommunication services go, Verizon is a force to be reckoned with. The company, through its subsidiaries, provides communications, information, and entertainment products and services to its customers. Most notably, its wireless services are provided across wireless networks in the U.S. under the Verizon brand. As an undisputed name among telecommunication companies in the U.S., it should not be surprising that investors would always have a tab on VZ stock. 

Furthermore, Verizon announced yesterday that it will be teaming up with Mastercard (NYSE: MA) and First National Bank of Omaha. The collaboration aims to launch a credit card designed to bring value to small business owners. Therefore, existing Verizon Business wireless customers with less than 100 lines will be eligible to apply for the Verizon Business Mastercard. With it, there will be rewards for purchases on everyday business expenses such as technology, fuel, and others. With that in mind, would you consider VZ stock a top communication stock today?

Verizon stock
Source: TD Ameritrade TOS

Pinterest

Newer forms of communication services today include various forms of social media. And, this is where Pinterest comes into the picture. Well, quite literally, as Pinterest is a visual discovery engine company that allows people to discover and personalize visual content. It is noteworthy that Pinterest recently announced the acquisition of THE YES. For the uninitiated, this is an AI-powered shopping platform for fashion that enables users to shop through a personalized feed. 

In the coming months, Pinterest plans to sunset THE YES app and website to allow both teams to focus on technology integration and evolve the company’s shopping vision. This new addition will likely accelerate Pinterest’s vision for it to be the home of taste-driven shopping. In late April, the company announced its first-quarter results. In brief, quarterly revenue rose 18% year-over-year, while net loss decreased 76%. As such, would you be watching PINS stock? 

PINS stock chart
Source: TD Ameritrade TOS

[Read More] Top Stock Market News For Today June 16, 2022 

DoorDash

To sum up the list, let us look at the logistics platform company, DoorDash, which is notable for its food delivery services. Essentially, it connects merchants, consumers, and dashers through its platform. The company’s business is separated into Marketplace and Platform services. On one hand, DoorDash Marketplace enables merchants to establish an online presence and expand their reach to consumers. On the other hand, its Platform services business includes DoorDash, which offers a white-label logistics service, and DoorDash Storefront. 

DoorDash started the month of June by announcing that it has completed the acquisition of Wolt Enterprises Oy. As a result, the company now has a total of 27 countries including the U.S. Moving forward, Wolt CEO Miki Kuusi will be in charge of the combined company’s team and operations outside of the U.S., while reporting to DoorDash CEO Tony Xu. Safe to say, this new development will likely accelerate the company’s international growth through faster product development and improved investment efficiency. Keeping that in mind, would you consider investing in DASH stock today?

DoorDash Stock
Source: TD Ameritrade TOS

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Stocks

Peloton reveals new measures to cut costs

Peloton Interactive Inc (NASDAQ: PTON) is up 15% on Friday after the connected fitness company made a string of announcements that reiterated its commitment…

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Peloton Interactive Inc (NASDAQ: PTON) is up 15% on Friday after the connected fitness company made a string of announcements that reiterated its commitment to “profitability”.

Peloton is cutting jobs

The Nasdaq-listed firm says it will cut 780 jobs (including in-house support team) and shutter an undisclosed number of retail locations to minimise costs. It also partnered with 3rd party providers to quit last-mile logistics. In a memo to employees, CEO Barry McCarthy wrote:

The shift of our final mile delivery to 3PLs will reduce our per-product delivery costs by up to 50%. These expanded partnerships mean we can ensure we have the ability to scale up and down as volume fluctuates.

Once a pandemic darling, the Peloton stock is currently down more than 65% versus its year-to-date high in early February. Still, Wall Street currently has a consensus “overweight” rating on PTON.

Peloton is raising prices

Store closures, as per Peloton, will start in 2023. On top of that, the fitness equipment manufacturer announced a $500 and $800 increase in the price of its Bike+ and Tread, respectively.

Earlier this year, PTON terminated in-house production and doubled down on its agreement with Taiwan-based Rexon Industrial. CEO McCarthy has been announcing these moves since he joined in February to put the company on the path to profitability.

Peloton Interactive is expected to report its results for the fiscal fourth quarter on August 25th. Consensus is for it to lose 71 cents a share (unchanged from last year) on $722 million in revenue (down 23% year-over-year).  

The post Peloton reveals new measures to cut costs appeared first on Invezz.

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Economics

Best Stocks to Buy in August 2022

The markets have seen positive growth over the past month. That being said, the best stocks to buy in August will see much greater returns.
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Stocks rose again today as the S&P 500 had its fourth positive week in a row, gaining 0.6%. The DJIA (Dow Jones Industrial Average) rose about 0.5% and Nasdaq 0.7%. That being said, the best stocks to buy in August 2022 will see much greater returns. Is the bear market run finally over? Is this a sign that inflation is slowing down?

At the beginning of 2022, the S&P 500 was trading at just under $4,800. And since a June low of $3,600, the S&P 500 has recovered quite nicely, now reaching over $4,200 and climbing. The Nasdaq has seen similar results, increasing 14.5% in the past month alone.

But with all of this increased market activity, where should investors be looking? For the answer, we looked to our very own IU Einstein’s latest picks for the best stocks to buy in August 2022.

The Best Stocks to Buy in August 2022

Technical Options Expert Bryan Bottarelli on the best stocks to buy in August 2022…

Bryan BottarelliStarbucks (Nasdaq: SBUX)

Last week, Starbucks released quarterly results, which beat estimates on the top and bottom lines. Specifically…

  • Revenues of $8.15 billion beat the expectation of $8.14 billion.
  • Adjusted earnings per share (EPS) of $0.84 beat the expectation of $0.76.
  • U.S. same-store sales growth of 9% beat the expectation of 8.85%.

So you have a company that’s outperforming in the midst of a multitude of pressures – including 40-year inflation highs, a recession risk, rising labor costs and unionization efforts.

Despite the risk of consumers pulling back on discretionary spending, “Starbies” (as my daughter calls it) continues to grow.

Read the full article here

Chief Investment Expert Alexander Green on the best stocks to buy in August 2022…

Alexander Green – Follow the Insiders

One of the best strategies you can follow is to ride the coattails of knowledgeable insiders.

Why? Because they have access to all sorts of material, non-public information, like…

  • The direction of sales since the last quarterly report
  • New products and services in development
  • Any expansion plans
  • Potential mergers and acquisitions
  • Whether the company has gained or lost any key customers
  • The status of outstanding litigation
  • Whether the company will put itself up for sale
  • Plans to take the company private

… And plenty of other good stuff unavailable to those of us on the outside looking in.

Read the full article here

Income Expert Marc Lichtenfeld on the best stocks to buy in August 2022…

Marc Lichtenfeld – Beaten-up stocks (with dividends)

Technical analysis – the use of stock charts to analyze the markets and individual stocks to inform buy and sell decisions – is great for creating a trading plan.

As I always say, technical analysis is not a crystal ball. But it does help you increase the chances of being right and, just as importantly, minimize your losses when you’re wrong.

Everyone’s trading style is different, and there are lots of technical analysis tools that fit any individual’s preferred method.

As a long-term investor, I’m a value investor. I like to buy beaten-up stocks (with dividends) and watch them bounce back over time.

So it’s no surprise that, as a trader, I do the same thing – just with a much shorter time horizon.

With the goal of entering a trade at a discount, I may buy a stock that’s predominantly moving up a trend line and yet has momentarily returned to support – the price level at which a stock’s downtrend reverses.

Read the full article here

Fundamental Options Expert Karim Rahemtulla on the best stocks to buy in August 2022…

Karim RahemtullaFord Motor (NYSE: F)

The company just released earnings, which came in better than expected.

Then it let investors in on a couple pieces of news that bolstered the case for investing in the company.

Here is the important information…

  • Ford is increasing its dividend to $0.15 per share, which will bring the company back to pre-pandemic levels.
  • The company sees the Ford+ plan as the biggest opportunity since the scaling of the Model T.
  • Demand for EVs is overwhelming, and the company has strong multiyear order banks.
  • More than 3,000 electric E-Transit Vans were sold in the second quarter, giving the company a 95% share of the electric van market.

Read the full article here

The Best Stocks to Buy in August 2022 – Summarized

As you can see, our Einstein’s follow insider activity, beaten-up stocks with dividends and even solid retail or EV buys. The market may not be out of the woods yet, but with the positive sentiment growing, we could see even more increases. After all, if you’re in it for the long haul, why not get in at a discount? The best stocks to buy in August may not be this cheap for long. For all the latest investment information, sign up for one of the best investment newsletters on the planet today.

The post Best Stocks to Buy in August 2022 appeared first on Investment U.

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Economics

This Shale Pioneer Refocusing on Natural Gas

Investors Alley
This Shale Pioneer Refocusing on Natural Gas
Forget oil—the real money is in natural gas. Or at least that’s the message coming from…

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Investors Alley
This Shale Pioneer Refocusing on Natural Gas

Forget oil—the real money is in natural gas.

Or at least that’s the message coming from a pioneer of the U.S. shale revolution, Chesapeake Energy (CHK).

From Prince to Pauper to Prince Again?

Once upon a time—when its stock was valued at more than $35 billion and its CEO, Aubrey McClendon, had the biggest pay package of any CEO of a listed firm—Chesapeake Energy was America’s best-known fracker.

But those glory days disappeared quickly, and Chesapeake became the poster child for the shale sector’s excesses.

About a year and a half ago, in the autumn of 2020, Chesapeake was in the midst of bankruptcy proceedings after the coronavirus pandemic-led crash in energy demand proved to be the final straw in the company’s fall from grace.

And for the industry more broadly, the prospects for liquefied natural gas (LNG) exports were looking bleak after a $7 billion contract to supply the French utility Engie went down the tubes on concerns over the emissions profile of U.S. natural gas.

Fast forward to 2022 and the picture has changed dramatically. Natural gas exports are booming!

Thanks to the Russian invasion of Ukraine and subsequent sanctions, Europe is in the middle of an energy crisis. It is buying up as much American LNG as it can. Those concerns about emissions are long forgotten.

In the first four months of the year, the U.S. exported 11.5 billion cubic feet a day of gas in the form of LNG, an 18% increase from 2021. Three-quarters of those exports went to Europe. And European leaders have pledged to ratchet up their imports by the end of the decade. There is also a massive opportunity in Asia, where LNG demand is set to quadruple to 44 billion cubic feet a day by 2050, according to a recent report released by think-tank, the Progressive Policy Institute.

And even here in the U.S., natural gas supplies look set to be tight this winter. Hot summer weather and high demands for power generation are sucking up supplies and leaving storage precariously low.

The investment bank Piper Sandler believes U.S. storage is on pace to fill just 3.4 trillion cubic feet of gas by the time winter arrives. That would be short of the 3.8 trillion cubic feet buffer usually needed to heat the country through a cold winter season. That could send already-elevated natural gas prices even higher in the months ahead.

These factors combined were behind the decision by Chesapeake Energy management to ditch oil in favor of gas.

Chesapeake: All in on Gas

OnAugust 2, Chesapeake announced its plan to exit oil completely and return to its roots as a natural gas producer. The company said it would offload oil producing assets in south Texas’s Eagle Ford basin, allowing it to focus solely on gas production from Louisiana’s Haynesville basin and the Marcellus Shale in Appalachia.

Its CEO Nick Dell’Osso said the company made the decision because of better returns from its gas assets—it has had more success driving down costs and improving efficiency there when compared with oil.

Chesapeake emerged from bankruptcy in February 2021, vowing to shift from its previous model of growth at all costs to one of capital discipline and higher shareholder returns.

The company has expanded its natural gas portfolio of assets since its emergence from bankruptcy. It bought gas producer Vine Energy for $2.2 billion last August to bolster its position in the Haynesville, which sits close to gas-export facilities on the US Gulf Coast. And in January, it bought Chief Oil & Gas, a gas operator in north-eastern Pennsylvania’s section of the prolific Marcellus shale field, for $2.6 billion. Chesapeake also recently offloaded its Wyoming oil business to Continental Resources, the company controlled by shale billionaire Harold Hamm.

In summarizing Chesapeake Energy’s strategy, Dell’Osso said, “What’s different today than the past… is that we are allocating capital in a way that maximizes returns to shareholders, rather than maximizing [production] growth.”

Speaking with the Financial Times, Del’Osso added: “The industry was built on [oil and gas production] growth expectations, and company stocks were valued on growth expectations. That all had to get broken down.” The “reset” had been painful, but management teams would stick with the new model, the CEO said.

The strategy seems to be working. In May, Chesapeake reported record-high adjusted quarterly free cash flow of $532 million from the first three months of 2022.

Also in the second quarter, it announced an agreement to supply gas with the Golden Pass LNG facility. Golden Pass LNG is a joint venture company formed by affiliates of two of the world’s largest and most experienced oil and gas companies: QatarEnergy (70%) and ExxonMobil (30%).

The company now plans to pay $7 billion in dividends over the next five years. That is equivalent to well over half of its current market capitalization!

Chesapeake boasts of its best-in-class shareholder return program. It has completed about a third of its $2 billion share and warrant repurchase program, and it raised the base dividend by 10%, to $2.20 per share annually.

The company has a juicy variable dividend as well. Its next quarterly dividend will consist of the $0.55 per share base dividend and a variable dividend of $1.77. Management projects that, in the third quarter, it will pay out total dividends of $275 million to $285 million. The total dividend payout for 2022 should come in at between $1.3 billion and $1.5 billion.

Chesapeake’s yield is a very impressive 10% and I do not see that changing much as gas prices stay elevated. The stock is a buy anywhere in the $90s.

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This Shale Pioneer Refocusing on Natural Gas
Tony Daltorio

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