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Growing middle-class income could mean increased spending on consumer products and services in emerging markets.
U.S. stocks slipped amid another busy day for corporate earnings, which featured mixed results from industrial heavyweights Caterpillar and Boeing.
WASHINGTON (AP) — Chinese e-commerce giant Alibaba Group remains on the U.S. government's annual list of "notorious markets" that peddle counterfeit products.
Having fallen 47% in the last year, food storage products manufacturer Tupperware Brands Corp. (TUP) could offer turnaround potential. The company is implementing a revised strategy that could strengthen its competitive advantage. For example, it is investing in new technology to improve the customer experience.
After months of handwringing about the possible crash-landing of the housing market, investors awaiting quarterly earnings from No. 3 U.S. homebuilder PulteGroup Inc this week were ready for the worst. Housing stood out as a particularly dark spot among several key sectors of the American economy showing signs of fatigue by the end of last year, giving rise to worries about recession. "2019 can turn out to be a good year for the housing industry," Chief Executive Ryan Marshall said on a conference call.
April 25 (Reuters) - * ALIBABA HAS PARTNERED WITH MALAYSIAN WEB HOSTING AND CLOUD SERVICE PROVIDER EXABYTES NETWORKSET TO BOOST MALAYSIAN SMES CHINA ACCESS - XINHUA Source text for Eikon:
Lam Research (LRCX) reports strong fiscal third-quarter results on the back of robust equipment demand and solid execution.
Sell-side analysts say The Coca Cola Co . (NYSE: KO ) has a refreshing new outlook that looks beyond its old standby product; strong sales; and a willingness to branch out, all of which look positive for ...
TAL Education easily beat fiscal Q4 earnings forecasts but gave weak revenue guidance after rival New Oriental Education reported in-line earnings.
Cadence Design Systems, Red Robin Gourmet Burgers, PepsiCo and Coca-Cola highlighted as Zacks Bull and Bear of the Day
Coca-Cola Co. announced a number of new products from the Minute Maid juice brand, including Minute Maid Smoothie Makers, which offer an budget-friendly way to enjoy the smoothie trend. Available in strawberry banana, peach and tropical flavors, the mix can be combined with ice to make a smoothie. Moreover, Coca-Cola highlights that these smoothies are "affordable at just 50 cents per serving." The brand also has ready-to-drink bottled smoothies and the Odwalla brand Smoobucha. Other new launches include Minute Maid Plus+ Antioxidants, bottled juice drinks with vitamins A and E, and Minute Maid Fruit & Veggie juice boxes. Coca-Cola stock is up 25% for the year to date, outpacing the Dow Jones Industrial Average , which is up nearly 17% for the period.
Spirit Airlines' (SAVE) revenues improve year over year in the first quarter of 2019, courtesy of solid passenger revenues.
The Early Learning Coalition of Orange County's leader has been committed to working with public and private partners.
The social media ETF sees good start to the earnings season on solid Twitter and Facebook results. The momentum might not stay till the end of the reporting cycle.
Macro Updates: Record Highs, US-China Talks, and More(Continued from Prior Part)US-China relations The United States (SPY) and China are involved in a trade spat and pressuring each other to arrive at a consensus. But trade issues aren’t the
Procter & Gamble Stock Fell despite Strong Q3 Results(Continued from Prior Part)Valuation Procter & Gamble’s (PG) impressive organic sales, productivity savings, and lower effective tax rate supported its stock. Procter & Gamble
The London-based asset manager also bought up Mastercard and American Express stock in the first quarter and cut down its Pfizer investment.
Russian internet giant Yandex reported a sharp rise in revenues in the first quarter of 2019 on the back of growth in its core search and advertising business. The company said on Thursday revenues had ...
On a per-share basis, the Schiphol, Netherlands-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring costs, were 27 cents per share. The Russian search engine posted revenue ...
Often, the biggest winners in the stock market have humble beginnings. They start off as small stocks that either many people don't know about, or simply write off as too risky. Then, these small, high-risk stocks "grow up". They capitalize on secular tailwinds, drive robust revenue growth and equally robust margin expansion, and end up turning into huge companies with massive reach and enormous valuations.Source: Shutterstock With that in mind, I'd like to introduce investors to freshly public Jumia Technologies (NYSE:JMIA). Jumia is Africa's e-commerce juggernaut. It hit public markets in mid-April at an IPO price of $14.50. Investors jumped on the stock. Less than two weeks after its IPO, Jumia stock is above $37, up more than 150% from its IPO price. * 10 High-Yielding Dividend Stocks That Won't Wilt Clearly, some investors think this stock is a big winner.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Africa's Digital EconomyIt very well could be huge. Jumia is at the heart of the currently underdeveloped yet potentially enormous African digital economy. The expansion of this underdeveloped digital economy will be one of the market's most robust growth narratives over the next decade, much as the expansion of Asia's formerly underdeveloped digital economy was one of the market's most robust growth narratives over the past decade.The Asian digital economy expansion birthed several very, very large companies, such as Alibaba (NYSE:BABA) and JD (NASDAQ:JD). Africa's digital economy expansion should produce the same, implying a bright future for Jumia, which is presently the most-relevant player in continent's digital economy, yet has a market cap of under $3 billion.In other words, Jumia stock is a high-risk, high-reward play on the expansion of Africa's digital economy. Because there are a plethora of execution and valuation risks here, Jumia stock is not for the faint of heart. But, for investors who have the stomach for volatility and risk, Jumia stock is an attractive pick, especially considering that in an "everything goes right scenario", this is a multi-bagger in the making. The Africa Opportunity Is HugeIn the big picture, Jumia stock projects as a potential long term winner because of its robust exposure to the potentially huge African digital economy. Nigeria and South Africa are the largest economies in Africa with a combined GDP of around $750 billion, according to the IMF.The story here is pretty simple. Africa is the last great frontier of the tech revolution. Internet penetration rates measure around 36% throughout the continent, versus upward of 50% internet penetration everywhere else on Earth, including nearly 90% in North America. That 36% number won't stay low forever. It's only a matter of time before Africa catches up. That's the way technology revolutions works. You have the leaders (North America) and the laggards (Africa), and now it's time for the laggard to catch up.Over the next decade, Africa's internet penetration rate is going to surge higher, and that is going to spark enormous expansion in Africa's digital economy. The drivers here? Urbanization (only 43% of Africans live in urban centers, versus 80%-plus in North America), middle class expansion (Africa's middle class is projected to go from 355 million in 2010 to 1.1 billion by 2060), and favorable demographics (the average age in Africa is under 20, versus a global average age north of 30).Broadly, then, the continent of Africa is going to rapidly urbanize and digitize over the next several years. As it does, all aspects of Africa's digital economy will boom, from e-commerce, to digital advertising, to cloud services, so on and so forth. Because of this, its digital economy is a market that long term investors should start seeking exposure to now. Jumia Is The Leader In AfricaWhen it comes to exposure to Africa's digital economy, the best option at the present moment is Jumia stock.Jumia is the most relevant player in Africa's digital economy today. The heart of Jumia is an e-commerce platform called Marketplace. Jumia Marketplace, which operates in 14 countries throughout Africa, has 81,000 active sellers, 4 million active buyers, and reported nearly $1 billion in gross merchandise value in 2018. Those are big numbers for the still-nascent African e-commerce market, which in combination with the Middle East, only had around 70 million e-commerce shoppers in 2018, of which probably 50 million were from Africa, giving Jumia roughly 8% shopper market share. * 10 Stocks to Sell Before They Give Back 2019 Gains Over time, Africa's 50 million e-commerce shopper number will grow by leaps and bounds. The continent has 1.3 billion people, and is rapidly growing. The population could realistically measure closer to 2 billion within the next decade. In the U.S., roughly two-thirds of Americans are online shoppers. In China, the e-commerce penetration is nearing 50%, and rapidly expanding. Over time, Africa's e-commerce penetration rate should close in on 50%, too. Assuming this happens roughly a decade down the road when Africa's population is 2 billion, then that implies 1 billion e-commerce shoppers.If Jumia nabs roughly 10% of the shoppers, that implies 100 million buyers on Jumia's platform. That is a potential 25-fold increase over the next decade.In other words, the long-term upside potential in JMIA stock is enormous. At present, it's hard to quantify. But, in an "everything goes right" scenario, this company could nab 100 million shoppers at scale. In that scenario, Jumia stock is worth significantly more than $3 billion. Bottom Line on JMIA StockJumia stock is a largely undiscovered, hyper-growth e-commerce stock with multi-bagger potential, yet a plethora of execution, valuation, and visibility risks. Consequently, this is a high-risk, high-reward play on the African digital economy. JMIA stock isn't for the faint of heart, but it could pay off big in the long run.As of this writing, Luke Lango was long JMIA, BABA, and JD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post Jumia Stock Could Be An Undiscovered Africa Hit For Long-Term Investors appeared first on InvestorPlace.
The private equity firm has asked potential advisers to pitch for a role on the proposed offering, said the people, asking not to be identified because the information is private. Hillhouse is planning to include more than 1,000 clinics including Ruipeng Pet Healthcare Group Co. in the offering, the people said. Wealthy Chinese consumers are spending more than ever adopting and caring for pets in a local market that Frost & Sullivan expects will more than double to 472 billion yuan ($70 billion) by 2023.