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2021-06-22 00:00:00 UTC
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The Best 3D Printing Stocks of 2021 So Far
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https://www.nasdaq.com/articles/the-best-3d-printing-stocks-of-2021-so-far-2021-06-22
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As the first half of 2021 nears an end, we're going to look at the best-performing pure-play 3D printing stocks as of June 21.
This year is a mixed bag so far for the group, with stock gains as high as 175% and losses as much as 57%.
Image source: Getty Images.
3D printing stocks' 2021 performances so far
This list includes companies that are pure plays on 3D printing, supplying 3D printing products and services. To be included, stocks must be at least small caps (have a market cap of at least $300 million) and be publicly traded on a major U.S. exchange.
Cathie Wood's ARK Invest The 3D Printing ETF is included for context, though note that this exchange-traded fund, which is an index fund, is not limited to 3D printing pure plays.
COMPANY OR ETF
MARKET CAP
WALL STREET'S PROJECTED 5-YEAR ANNUALIZED EPS GROWTH
YEAR-TO-DATE 2021 RETURN (DECLINE)
3-YEAR RETURN
3D Systems (NYSE: DDD) $3.6 billion 10% 175% 104%
ExOne $470 million 46% 123% 167%
The 3D Printing ETF $523 million (assets under management) N/A 19.7% 47.7%
Stratasys (NASDAQ: SSYS) $1.4 billion 5.3% 7.2% 16.9%
Nano Dimension $1.9 billion N/A (16.6%) (68.6%)
Desktop Metal $3.2 billion N/A (27.4%) N/A
Materialise (NASDAQ: MTLS) $1.3 billion 63% (57.6%) 79.4%
S&P 500
-- -- 13.3% 62.4%
Data source: YCharts. Returns that have beaten the S&P 500 are boldfaced. Data as of June 21.
Most investors should focus on those companies that are at least occasionally (meaning in some quarters) generating cash from running their operations in recent years: 3D Systems, Stratasys, and Materialise.
The companies that are using up cash in their operations quarter after quarter are suited only for more speculative, risk-tolerant investors. These include ExOne, a maker of metal-focused industrial 3D printers; electronics 3D printing company Nano Dimension; and Desktop Metal, which just became public in December 2020.
3D Systems
CEO Jeffrey Graves recently touted that the company has the "broadest technology portfolio in the industry." The company offers 3D printers for polymers, metals, and -- thanks to a May acquisition -- for 3D bioprinting. It also sells materials and software.
Earlier this month, 3D Systems announced that it was selling its on-demand manufacturing business, with the deal expected to close in the third quarter. This was a good move because this operation hasn't been as profitable as other parts of the company's business and the sale will generate cash of about $82 million, with possible adjustments.
Like other 3D printing companies, 3D Systems' business was walloped by the fallout from the pandemic. But sales have been rebounding. In the last two quarters, revenue grew on a year-over-year basis. In the first quarter of 2021, it rose 7.7% year over year (and 17% excluding the impact of divestitures). Moreover, the company posted a profit on an adjusted basis and according to generally accepted accounting principles (GAAP), and generated cash from operations.
Stratasys
Stratasys sells polymer 3D printers powered by a couple of different technologies, materials, and software, and also provides on-demand 3D printing services. It doesn't have a metal 3D printing technology, which is a drawback, in my opinion.
Investors should hold off on investing in Stratasys until it shows some revenue growth. In the first quarter of 2021, sales inched up just 1% year over year. The company posted a net loss on an adjusted and GAAP basis. However, it did generate cash from operations.
Stratasys ended the first quarter with cash of $530 million, compared to $133 million for 3D Systems. (Though 3D Systems should have more than $200 million in cash after the sale of its on-demand manufacturing business.) This cash position could provide Stratasys with a competitive advantage if it's smartly deployed on acquisitions or research and development.
Materialise
Materialise seems to fly under the radar of many investors, with one reason likely being that it's headquartered outside this country, in Belgium. The company sells 3D printing software and provides 3D printing services for industrial and medical applications. It doesn't manufacture 3D printers.
This stock deserves a place on your watch list. The company is run by its founder, Wilfried Vancraen, who is very respected in the industry, and its business has performed better than most of its peers over the long term. The same is true of its stock. While it's underperforming so far this year, it had a terrific 2020, rocketing 196%. More importantly, the stock is the best performer among the group over the medium and longer terms. It's the only one of the stocks in the chart that has outperformed the S&P 500 over the last five years.
Materialise wasn't profitable in 2020 or in the first quarter of 2021. But Wall Street analysts expect the company to return to profitability, on an adjusted basis, in 2022.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 7, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) $3.6 billion 10% 175% 104% ExOne $470 million 46% 123% 167% The 3D Printing ETF $523 million (assets under management) N/A 19.7% 47.7% Stratasys (NASDAQ: SSYS) $1.4 billion 5.3% 7.2% 16.9% Nano Dimension $1.9 billion N/A (16.6%) (68.6%) Desktop Metal $3.2 billion N/A (27.4%) N/A Materialise (NASDAQ: MTLS) $1.3 billion 63% (57.6%) 79.4% Most investors should focus on those companies that are at least occasionally (meaning in some quarters) generating cash from running their operations in recent years: 3D Systems, Stratasys, and Materialise. These include ExOne, a maker of metal-focused industrial 3D printers; electronics 3D printing company Nano Dimension; and Desktop Metal, which just became public in December 2020.
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3D Systems (NYSE: DDD) $3.6 billion 10% 175% 104% ExOne $470 million 46% 123% 167% The 3D Printing ETF $523 million (assets under management) N/A 19.7% 47.7% Stratasys (NASDAQ: SSYS) $1.4 billion 5.3% 7.2% 16.9% Nano Dimension $1.9 billion N/A (16.6%) (68.6%) Desktop Metal $3.2 billion N/A (27.4%) N/A Materialise (NASDAQ: MTLS) $1.3 billion 63% (57.6%) 79.4% 3D printing stocks' 2021 performances so far This list includes companies that are pure plays on 3D printing, supplying 3D printing products and services. Most investors should focus on those companies that are at least occasionally (meaning in some quarters) generating cash from running their operations in recent years: 3D Systems, Stratasys, and Materialise.
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3D Systems (NYSE: DDD) $3.6 billion 10% 175% 104% ExOne $470 million 46% 123% 167% The 3D Printing ETF $523 million (assets under management) N/A 19.7% 47.7% Stratasys (NASDAQ: SSYS) $1.4 billion 5.3% 7.2% 16.9% Nano Dimension $1.9 billion N/A (16.6%) (68.6%) Desktop Metal $3.2 billion N/A (27.4%) N/A Materialise (NASDAQ: MTLS) $1.3 billion 63% (57.6%) 79.4% 3D printing stocks' 2021 performances so far This list includes companies that are pure plays on 3D printing, supplying 3D printing products and services. Most investors should focus on those companies that are at least occasionally (meaning in some quarters) generating cash from running their operations in recent years: 3D Systems, Stratasys, and Materialise.
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3D Systems (NYSE: DDD) $3.6 billion 10% 175% 104% ExOne $470 million 46% 123% 167% The 3D Printing ETF $523 million (assets under management) N/A 19.7% 47.7% Stratasys (NASDAQ: SSYS) $1.4 billion 5.3% 7.2% 16.9% Nano Dimension $1.9 billion N/A (16.6%) (68.6%) Desktop Metal $3.2 billion N/A (27.4%) N/A Materialise (NASDAQ: MTLS) $1.3 billion 63% (57.6%) 79.4% 3D printing stocks' 2021 performances so far This list includes companies that are pure plays on 3D printing, supplying 3D printing products and services. Most investors should focus on those companies that are at least occasionally (meaning in some quarters) generating cash from running their operations in recent years: 3D Systems, Stratasys, and Materialise.
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716601.0
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2021-06-22 00:00:00 UTC
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Health Care Sector Update for 06/22/2021: VTVT,DDD,CLGN,NTEC,CORT
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https://www.nasdaq.com/articles/health-care-sector-update-for-06-22-2021%3A-vtvtdddclgnnteccort-2021-06-22
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Health care stocks were edging higher this afternoon, with the NYSE Health Care Index rising 0.3% while the SPDR Health Care Select Sector ETF also was up 0.3%.
The Nasdaq Biotechnology index was posting a 0.1% advance, reversing a midday dip.
In company news, vTv Therapeutics (VTVT) was 6.6% higher, easing from a nearly 20% gain earlier Tuesday that followed it announcing a licensing agreement giving Cantex Pharmaceuticals global commercialization rights for vTv's Azeliragon oncology drug candidate. The companies said downstream profits will be allocated through a tiered formula but they declined to offer specific financial details.
3D Systems (DDD) rose almost 28% after disclosing plans to co-develop a 3-D bioprinted regenerative soft tissue matrix with CollPlant (CLGN) for use in breast reconstruction procedures in combination with an implant. CollPlant shares were nearly 11% higher this afternoon.
To the downside, Corcept Therapeutics (CORT) dropped 4.5% after preliminary data from a phase III study of its relacorilant drug candidate combined with Bristol Myers Squibb's (BMY) nab-paclitaxel chemotherapy found only two patients with metastatic pancreatic cancer exhibited tumor shrinkage although another 15 patients in the trial saw their disease stabilize for at least 12 weeks.
Intec Pharma (NTEC) fell 6.8% after shareholders of the Israeli drug-delivery technology company voted to approve its proposed merger with Decoy Biosystems, with the all-stock transaction giving investors in the privately held immuno-oncology firm a 75% stake in the combined companies.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) rose almost 28% after disclosing plans to co-develop a 3-D bioprinted regenerative soft tissue matrix with CollPlant (CLGN) for use in breast reconstruction procedures in combination with an implant. The companies said downstream profits will be allocated through a tiered formula but they declined to offer specific financial details. To the downside, Corcept Therapeutics (CORT) dropped 4.5% after preliminary data from a phase III study of its relacorilant drug candidate combined with Bristol Myers Squibb's (BMY) nab-paclitaxel chemotherapy found only two patients with metastatic pancreatic cancer exhibited tumor shrinkage although another 15 patients in the trial saw their disease stabilize for at least 12 weeks.
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3D Systems (DDD) rose almost 28% after disclosing plans to co-develop a 3-D bioprinted regenerative soft tissue matrix with CollPlant (CLGN) for use in breast reconstruction procedures in combination with an implant. Health care stocks were edging higher this afternoon, with the NYSE Health Care Index rising 0.3% while the SPDR Health Care Select Sector ETF also was up 0.3%. In company news, vTv Therapeutics (VTVT) was 6.6% higher, easing from a nearly 20% gain earlier Tuesday that followed it announcing a licensing agreement giving Cantex Pharmaceuticals global commercialization rights for vTv's Azeliragon oncology drug candidate.
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3D Systems (DDD) rose almost 28% after disclosing plans to co-develop a 3-D bioprinted regenerative soft tissue matrix with CollPlant (CLGN) for use in breast reconstruction procedures in combination with an implant. Health care stocks were edging higher this afternoon, with the NYSE Health Care Index rising 0.3% while the SPDR Health Care Select Sector ETF also was up 0.3%. In company news, vTv Therapeutics (VTVT) was 6.6% higher, easing from a nearly 20% gain earlier Tuesday that followed it announcing a licensing agreement giving Cantex Pharmaceuticals global commercialization rights for vTv's Azeliragon oncology drug candidate.
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3D Systems (DDD) rose almost 28% after disclosing plans to co-develop a 3-D bioprinted regenerative soft tissue matrix with CollPlant (CLGN) for use in breast reconstruction procedures in combination with an implant. Health care stocks were edging higher this afternoon, with the NYSE Health Care Index rising 0.3% while the SPDR Health Care Select Sector ETF also was up 0.3%. The Nasdaq Biotechnology index was posting a 0.1% advance, reversing a midday dip.
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700b525c-7219-416c-af43-3f9a1dccbdce
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716602.0
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2021-06-22 00:00:00 UTC
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Why 3D Systems, CollPlant BioTechnologies, and Stratasys Stocks Soared Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-collplant-biotechnologies-and-stratasys-stocks-soared-today-2021-06-22
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What happened
Shares of industrial 3D printer maker Stratasys (NASDAQ: SSYS) were trading 14% higher as of 11:45 a.m. EDT Tuesday -- but to find the reason for that jump, you'll need to look elsewhere.
In fact, you'll need to look to Stratasys's archrival, 3D Systems (NYSE: DDD), and its new partner, Israeli regenerative medicine company CollPlant Biotechnologies (NASDAQ: CLGN), which just announced news that has the whole 3D printing industry on fire.
Image source: Getty Images.
So what
CollPlant stock was up 10.1%, and 3D Systems was doing even better -- up 27.7%! The reason for all of this excitement is because Tuesday morning, 3D and CollPlant announced that they are teaming up "to deliver bioprinted solutions for improved breast reconstruction treatments."
Specifically, the partners will be working on 3D printing a "soft tissue matrix" upon which the body can grow new skin, and which will function to "support the lower portion of the breast" in patients receiving reconstructive surgery after undergoing mastectomies. The matrices in question will be printed using plant-based recombinant human collagen (rhCollagen) as their "bioink," rather than the metal or plastic or similar raw materials utilized as the "ink" in other 3D printing products.
According to the companies, rhCollagen "does not elicit an adverse immune response in humans" and also offers "superior performance, consistency and safety," making it ideal for use in this kind of reconstructive surgery.
Now what
While the companies didn't emphasize the point, it seems likely that this same rhCollagen could have uses in other reconstructive and plastic surgeries as well. If this is the case -- and what we're looking at here is a potential breakthrough and a whole new industry of building human body parts via 3D printers -- it would explain why the enthusiasm that began with 3D Systems is already expanding beyond it.
Indeed, earlier this year, 3D Systems announced a similar collaboration with United Therapeutics (NASDAQ: UTHR) to explore the 3D printing of human organs for transplant utilizing similar "scaffold" or "matrix" technology. At the time, 3D Systems expressed its intention to "invest, further develop, and commercialize solutions for the diverse application opportunities in regenerative medicine."
Now, 3D Systems is doing just that -- and where it leads, its peers may soon follow.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 7, 2021
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In fact, you'll need to look to Stratasys's archrival, 3D Systems (NYSE: DDD), and its new partner, Israeli regenerative medicine company CollPlant Biotechnologies (NASDAQ: CLGN), which just announced news that has the whole 3D printing industry on fire. Specifically, the partners will be working on 3D printing a "soft tissue matrix" upon which the body can grow new skin, and which will function to "support the lower portion of the breast" in patients receiving reconstructive surgery after undergoing mastectomies. According to the companies, rhCollagen "does not elicit an adverse immune response in humans" and also offers "superior performance, consistency and safety," making it ideal for use in this kind of reconstructive surgery.
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In fact, you'll need to look to Stratasys's archrival, 3D Systems (NYSE: DDD), and its new partner, Israeli regenerative medicine company CollPlant Biotechnologies (NASDAQ: CLGN), which just announced news that has the whole 3D printing industry on fire. What happened Shares of industrial 3D printer maker Stratasys (NASDAQ: SSYS) were trading 14% higher as of 11:45 a.m. EDT Tuesday -- but to find the reason for that jump, you'll need to look elsewhere. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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In fact, you'll need to look to Stratasys's archrival, 3D Systems (NYSE: DDD), and its new partner, Israeli regenerative medicine company CollPlant Biotechnologies (NASDAQ: CLGN), which just announced news that has the whole 3D printing industry on fire. Indeed, earlier this year, 3D Systems announced a similar collaboration with United Therapeutics (NASDAQ: UTHR) to explore the 3D printing of human organs for transplant utilizing similar "scaffold" or "matrix" technology. 10 stocks we like better than 3D Systems When our award-winning analyst team has a stock tip, it can pay to listen.
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In fact, you'll need to look to Stratasys's archrival, 3D Systems (NYSE: DDD), and its new partner, Israeli regenerative medicine company CollPlant Biotechnologies (NASDAQ: CLGN), which just announced news that has the whole 3D printing industry on fire. So what CollPlant stock was up 10.1%, and 3D Systems was doing even better -- up 27.7%! Now what While the companies didn't emphasize the point, it seems likely that this same rhCollagen could have uses in other reconstructive and plastic surgeries as well.
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93dcb0ba-9dfe-4056-bdf1-c1c955ffca41
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716603.0
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2021-06-21 00:00:00 UTC
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3D Printing Stocks: Shining a Light on the 'Cathie Wood Stock' Misinformation Fest
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https://www.nasdaq.com/articles/3d-printing-stocks%3A-shining-a-light-on-the-cathie-wood-stock-misinformation-fest-2021-06
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Like fiction but not in the mood for a novel or movie? You can always search using "Cathie Wood" and the name of a specific stock that you're curious about and in some cases, you'll be transported to fantasyland.
To be clear, highlighting that popular stock picker Wood, the CEO of ARK Investment Management, has bought a stock for one or more of her ARK Invest exchange-traded funds (ETFs) can be useful information for investors. Along with many of my colleagues, I've done so -- recently with TuSimple, a maker of self-driving technology for long-haul trucks that went public in April.
The issue is that there is no shortage of misleading online information about Wood's stock buys. This issue extends across stock categories, but seems particularly prevalent in the 3D printing space.
Here's what investors should know.
Image source: Getty Images.
Why is the 3D printing space rife with misleading Cathie Wood information?
The short answer is that it seems largely due to ARK's The 3D Printing ETF (NYSEMKT: PRNT) being an index fund, not an actively managed one.
ARK Invest has eight ETFs; six are actively managed and two are index funds. For the actively managed ones, Wood and team choose the stocks, buying and selling as they see fit. Of course, each fund has specific goals and certain parameters within which the team operates. The aim of the index funds is to track their respective underlying index.
ARK's The 3D Printing ETF "seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Total 3D-Printing Index," according to the firm's website. This index belongs to German company Solactive, and is composed of stocks of companies from the U.S., non-U.S. developed markets, and Taiwan that are engaged in 3D printing-related businesses.
The fact that Wood buys a 3D printing stock for this index fund does not equate to her "liking" or "loving" or "being bullish on" that stock. She and her team will buy and sell stocks in this fund to track moves in the underlying index, which they do not control.
On the other hand, it's pretty safe to assume that Wood and team probably like a particular 3D printing stock if they buy it for one of ARK's actively managed funds. Likewise, sales in these funds can be meaningful, but don't read too much into sales unless they're large relative to a fund's total holding of that stock. If a stock runs up quickly, the ARK team might trim its ownership simply to keep the stock from accounting for too large a percentage of a fund's total value.
Chart includes the stocks discussed in this article and ARK's The 3D Printing ETF. Data by YCharts.
What pure-play 3D printing stocks are in ARK's actively managed funds?
3D Systems (NYSE: DDD) stock is the 11th-largest holding (of 45 total holdings) in the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ). Shares of the U.S.-based diversified 3D printing company, which has a market cap of $3.5 billion, account for 2.73% of the fund's total value as of June 18.
The stock of the 3D printing industry's other early mover, Stratasys (NASDAQ: SSYS), isn't as heavily weighted in any ARK actively managed fund. However, it's a holding in two of these ETFs. The diversified 3D printing company, dually headquartered in Israel and the U.S., is the 39th-largest holding in the ARK Autonomous Technology & Robotics ETF, accounting for 0.87% of the fund's value. And its holding is No. 45 (of 50) in the ARK Innovation ETF, accounting for 0.46% of the fund's value.
I'll let you be the judge of which of these two stocks the ARK team probably likes better based on the above numbers. For some time, I preferred Stratasys, as it seemed better managed and had fewer quality issues with its products. But I'd give 3D Systems the edge now, as CEO Jeffrey Graves has been doing a commendable job so far in turning the company around and positioning it for growth. That said, 3D Systems should still be considered in turnaround mode for at least another few quarters.
In the first quarter of 2021, 3D Systems grew revenue 7.7% year over year (and 17% excluding the impact of divestitures), while Stratasys' revenue edged up 1%. 3D Systems was profitable from an adjusted basis and according to generally accepted accounting principles (GAAP), while Stratasys was unprofitable. However, Stratasys has a big cash advantage: $530 million versus $133 million at the end of Q1.
One thing I particularly like about 3D Systems is its increasing push into 3D bioprinting. It's had research collaborations in this realm dating back a few years, but it only entered the bioprinting commercial market in May via its acquisition of Allevi.
Materialise (NASDAQ: MTLS) stock is also a holding in two ARK actively managed funds. Unlike 3D Systems and Stratasys, this Belgium-based company doesn't manufacture 3D printers. It offers 3D printing software and 3D printing manufacturing services for a range of industries and has a medical segment that 3D-prints medical devices and provides 3D printing services and 3D printing software for medical applications.
Materialise is holding No. 27 in the ARK Autonomous Technology & Robotics ETF, accounting for 1.26% of the fund's value. And it's No. 46 in ARK Innovation, accounting for 0.43% of the fund's value.
The following smaller pure-play 3D printing stocks are also in ARK's actively managed funds and should be considered speculative:
Nano Dimensions, which makes 3D printers that print electronics, has strong growth potential. But the Israel-based company generates relatively little revenue and has large losses. The $1.9 billion market cap stock is the 18th-largest holding in the ARK Autonomous Technology & Robotics ETF, accounting for 2.14% of the fund's value. It's also holding No. 30 (of 47) in the ARK Next Generation Internet ETF, accounting for 1.07% of the fund's value.
ExOne makes industrial-grade 3D printers that use binder-jetting technology. The U.S.-based company has been publicly traded since 2013 and has never been profitable on a trailing-12-month basis. It's holding No. 42 in the ARK Autonomous Technology & Robotics ETF, accounting for 0.58% of the fund's value.
The ARK Space Exploration & Innovation ETF has an interesting holding: ARK's The 3D Printing ETF. Yes, an index fund within an actively managed fund. The 3D Printing ETF is the second largest holding (of 38 holdings) in the ARK Space Exploration & Innovation ETF, accounting for 6.69% of the fund's value.
Lastly, ARK's actively managed funds hold a total of three special purpose acquisition companies (SPACs) that each plan this year to bring public a 3D printing company. I'll be covering this topic soon.
Is that all of the pure-play 3D printing stocks in ARK's actively managed funds? I think I got them all (though no guarantees, as this exercise was labor-intensive), with one caveat: There might be some stocks that are too small per The Motley Fool guidelines for me to discuss.
The takeaway
Stock trades in the two ARK Invest index funds -- including The 3D Printing ETF -- should not be viewed as reflecting Cathie Wood and team's opinion of these stocks. However, stock trades (buys and significant sales) in the six ARK actively managed funds can generally be viewed as a reflection of the ARK team's opinions of them.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 7, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) stock is the 11th-largest holding (of 45 total holdings) in the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ). ARK's The 3D Printing ETF "seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Total 3D-Printing Index," according to the firm's website. On the other hand, it's pretty safe to assume that Wood and team probably like a particular 3D printing stock if they buy it for one of ARK's actively managed funds.
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3D Systems (NYSE: DDD) stock is the 11th-largest holding (of 45 total holdings) in the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ). The $1.9 billion market cap stock is the 18th-largest holding in the ARK Autonomous Technology & Robotics ETF, accounting for 2.14% of the fund's value. The takeaway Stock trades in the two ARK Invest index funds -- including The 3D Printing ETF -- should not be viewed as reflecting Cathie Wood and team's opinion of these stocks.
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3D Systems (NYSE: DDD) stock is the 11th-largest holding (of 45 total holdings) in the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ). To be clear, highlighting that popular stock picker Wood, the CEO of ARK Investment Management, has bought a stock for one or more of her ARK Invest exchange-traded funds (ETFs) can be useful information for investors. The takeaway Stock trades in the two ARK Invest index funds -- including The 3D Printing ETF -- should not be viewed as reflecting Cathie Wood and team's opinion of these stocks.
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3D Systems (NYSE: DDD) stock is the 11th-largest holding (of 45 total holdings) in the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ). ARK Invest has eight ETFs; six are actively managed and two are index funds. The 3D Printing ETF is the second largest holding (of 38 holdings) in the ARK Space Exploration & Innovation ETF, accounting for 6.69% of the fund's value.
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0ab0874e-e22a-43c2-a558-1a8267750f8b
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716604.0
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2021-06-14 00:00:00 UTC
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Noteworthy Monday Option Activity: DDD, FICO, BURL
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DDD
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-ddd-fico-burl-2021-06-14
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in 3D Systems Corp. (Symbol: DDD), where a total volume of 39,857 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.5% of DDD's average daily trading volume over the past month, of 6.0 million shares. Especially high volume was seen for the $33.50 strike call option expiring June 18, 2021, with 23,004 contracts trading so far today, representing approximately 2.3 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $33.50 strike highlighted in orange:
Fair Isaac Corp (Symbol: FICO) options are showing a volume of 1,005 contracts thus far today. That number of contracts represents approximately 100,500 underlying shares, working out to a sizeable 64.2% of FICO's average daily trading volume over the past month, of 156,470 shares. Particularly high volume was seen for the $500 strike call option expiring June 18, 2021, with 250 contracts trading so far today, representing approximately 25,000 underlying shares of FICO. Below is a chart showing FICO's trailing twelve month trading history, with the $500 strike highlighted in orange:
And Burlington Stores Inc (Symbol: BURL) saw options trading volume of 3,369 contracts, representing approximately 336,900 underlying shares or approximately 64.1% of BURL's average daily trading volume over the past month, of 525,295 shares. Especially high volume was seen for the $300 strike call option expiring June 18, 2021, with 1,002 contracts trading so far today, representing approximately 100,200 underlying shares of BURL. Below is a chart showing BURL's trailing twelve month trading history, with the $300 strike highlighted in orange:
For the various different available expirations for DDD options, FICO options, or BURL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $33.50 strike call option expiring June 18, 2021, with 23,004 contracts trading so far today, representing approximately 2.3 million underlying shares of DDD. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in 3D Systems Corp. (Symbol: DDD), where a total volume of 39,857 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.5% of DDD's average daily trading volume over the past month, of 6.0 million shares.
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Especially high volume was seen for the $33.50 strike call option expiring June 18, 2021, with 23,004 contracts trading so far today, representing approximately 2.3 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $33.50 strike highlighted in orange: Fair Isaac Corp (Symbol: FICO) options are showing a volume of 1,005 contracts thus far today. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in 3D Systems Corp. (Symbol: DDD), where a total volume of 39,857 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares).
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in 3D Systems Corp. (Symbol: DDD), where a total volume of 39,857 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $33.50 strike call option expiring June 18, 2021, with 23,004 contracts trading so far today, representing approximately 2.3 million underlying shares of DDD. That number works out to 66.5% of DDD's average daily trading volume over the past month, of 6.0 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in 3D Systems Corp. (Symbol: DDD), where a total volume of 39,857 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.5% of DDD's average daily trading volume over the past month, of 6.0 million shares. Especially high volume was seen for the $33.50 strike call option expiring June 18, 2021, with 23,004 contracts trading so far today, representing approximately 2.3 million underlying shares of DDD.
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e2ded137-ecd7-4180-a881-36833f0bca8c
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716605.0
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2021-06-08 00:00:00 UTC
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Why Desktop Metal Stock Dropped This Morning
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DDD
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https://www.nasdaq.com/articles/why-desktop-metal-stock-dropped-this-morning-2021-06-08
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nan
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nan
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What happened
After climbing nearly 2% on Monday in the face of an ominous note from Wall Street, bad news is catching up to Desktop Metal (NYSE: DM) today. Shares of the 3D printer company declined 6.4% through 10 a.m. EDT Tuesday morning.
Image source: Getty Images.
So what
Monday morning, TheFly.com cited analysts from Lake Street Capital warning of "intensifying competition," a high stock valuation that is about three times more than its peers, and an imminent expiration of the lockup period on a ton of new shares. Together, these factors threatened Desktop Metal's stock price, Lake Street warned, and advised investors to sell the stock.
Let's take those one at a time, beginning with competition. Desktop Metal has only been in business for six years, so it's a relative newcomer next to rivals Stratasys (NASDAQ: SSYS), which was founded in 1989, and 3D Systems (NYSE: DDD), established in 1986. It's also a newcomer to the public markets, having come public in a SPAC-sponsored IPO only last year.
Yet despite its shorter track record, Desktop Metal stock sells for more than 150 times sales (it has no profits), versus Stratasys's 2.5 P/S ratio and 3D Systems' 6.4. So the valuation situation is arguably even worse than Lake Street makes it appear.
Now what
None of the above is exactly news. Here's what changed this week to send Desktop Metal stock down: Last month, it filed a prospectus with the Securities and Exchange Commission regarding "the resale, from time to time," of 192.7 million shares of common stock held by its shareholders, and of 25 million warrants that could become new shares if exercised.
Lake Street estimated that these new shares would come pouring into the market yesterday, June 7, as the lockup period on their resale expired. And the analyst warned that this could push Desktop Metal's stock price low -- exactly what seems to be happening today.
10 stocks we like better than Desktop Metal, Inc.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 7, 2021
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Desktop Metal has only been in business for six years, so it's a relative newcomer next to rivals Stratasys (NASDAQ: SSYS), which was founded in 1989, and 3D Systems (NYSE: DDD), established in 1986. What happened After climbing nearly 2% on Monday in the face of an ominous note from Wall Street, bad news is catching up to Desktop Metal (NYSE: DM) today. So what Monday morning, TheFly.com cited analysts from Lake Street Capital warning of "intensifying competition," a high stock valuation that is about three times more than its peers, and an imminent expiration of the lockup period on a ton of new shares.
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Desktop Metal has only been in business for six years, so it's a relative newcomer next to rivals Stratasys (NASDAQ: SSYS), which was founded in 1989, and 3D Systems (NYSE: DDD), established in 1986. So what Monday morning, TheFly.com cited analysts from Lake Street Capital warning of "intensifying competition," a high stock valuation that is about three times more than its peers, and an imminent expiration of the lockup period on a ton of new shares. Together, these factors threatened Desktop Metal's stock price, Lake Street warned, and advised investors to sell the stock.
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Desktop Metal has only been in business for six years, so it's a relative newcomer next to rivals Stratasys (NASDAQ: SSYS), which was founded in 1989, and 3D Systems (NYSE: DDD), established in 1986. Together, these factors threatened Desktop Metal's stock price, Lake Street warned, and advised investors to sell the stock. Here's what changed this week to send Desktop Metal stock down: Last month, it filed a prospectus with the Securities and Exchange Commission regarding "the resale, from time to time," of 192.7 million shares of common stock held by its shareholders, and of 25 million warrants that could become new shares if exercised.
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Desktop Metal has only been in business for six years, so it's a relative newcomer next to rivals Stratasys (NASDAQ: SSYS), which was founded in 1989, and 3D Systems (NYSE: DDD), established in 1986. So what Monday morning, TheFly.com cited analysts from Lake Street Capital warning of "intensifying competition," a high stock valuation that is about three times more than its peers, and an imminent expiration of the lockup period on a ton of new shares. 10 stocks we like better than Desktop Metal, Inc.
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35306758-47c5-4ffa-a007-c3998bd520f5
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716606.0
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2021-06-08 00:00:00 UTC
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Best Stocks To Watch This Week? 4 Tech Stocks To Consider
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DDD
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https://www.nasdaq.com/articles/best-stocks-to-watch-this-week-4-tech-stocks-to-consider-2021-06-08
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nan
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nan
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Are These Top Tech Stocks Worth Investing In Now?
As we begin another week of trading, investors would be focusing on economic figures given last week’s mixed labor market update. Should negative updates slow the current gains in reopening stocks, tech stocks could be in focus in the stock market again. Now, as most investors would know, 2021 has not been the best year for the industry. This would especially be the case when you contrast it with tech’s performance in 2020. However, given that most of the biggest names in tech have taken a breather, some investors may see opportunity. After all, the growth story for tech companies remains a solid one given the fast-paced nature of the industry.
For example, we could look at tech giants such as Microsoft (NASDAQ: MSFT). Over the weekend, the company received the all-clear from U.S. antitrust regulators to acquire Nuance Communications (NASDAQ: NUAN). According to Microsoft, the company is looking to close the massive $16 billion deal by the end of 2021. Ideally, this deal will significantly bolster Microsoft’s cloud and artificial intelligence (AI) capabilities across the healthcare industry among others. Elsewhere, Amazon (NASDAQ: AMZN) CEO Jeff Bezos will reportedly be on the first commercial space flight of Blue Origin. Bezos’ space company continues to make headlines thanks to the billionaire tech mogul’s latest announcement. Evidently, the tech industry continues to power on regardless of how tech stocks perform in thestock market today On that note, here are four to consider for your watchlist this week.
Top Tech Stocks To Watch In June 2021
Apple Inc. (NASDAQ: AAPL)
Marathon Digital Holdings Inc. (NASDAQ: MARA)
Marvell Technology Inc. (NASDAQ: MRVL)
3D Systems Corporation (NYSE: DDD)
Apple. Inc.
Apple is a multinational tech company that designs and manufactures a wide variety of tech products and services. In brief, the company sells a range of software, services, and tech products that are used by billions of consumers all over the world. Apple will be kickstarting its Worldwide Developers Conference (WWDC) today until Friday to announce a slew of momentous announcements. For instance, at last year’s event, Apple announced plans to produce its chips for the Mac, a transition that is still ongoing.
Investors and analysts alike would be paying close attention to Apple in light of this event. The conference will primarily also focus on software as the company previews upcoming updates for its operating systems that power all of its products. Should investors expect one or two surprise announcements that could be a gamechanger this year?
In late April, the company also reported record second-quarter financials. In it, Apple reported quarterly revenue of $89.6 billion, up 54% year-over-year. It also posted earnings per diluted share of $1.40. A majority of this quarter’s revenue came from international sales. For these reasons, will you consider adding AAPL stock to your portfolio?
[Read More] 5 Green Energy Stocks To Watch Today
Marathon Digital Holdings Inc.
Marathon is a digital asset technology company. In detail, it mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. It is also a patent-holding company and is one of the largest enterprise Bitcoin self-mining companies in North America. Its growth strategy includes improving the Bitcoin production by increasing hash rate and also continues to de-risk the business by becoming more resilient to potential declines in the price of Bitcoin. MARA stock has doubled in valuation year-to-date.
Last week, in its Bitcoin production and mining operations update for May 2021, the company announced that it had increased total Bitcoin holdings to approximately 5,518 BTC. It also increased its hash rate to approximately 1.9 EH/s. Impressively, it produced 226.6 new-minted bitcoins in May. It also ended the month with $191.8 million in cash.
The company also received approximately 16,809 S-19 Pro ASIC miners from Bitmain year-to-date with an additional 1,911 S-19 Pro ASIC miners currently in transit. As the company continues to increase its mining capacity, is MARA stock a top tech stock to watch?
Read More
4 Semiconductor Stocks To Watch Right Now
Good Stocks To Invest In Right Now? 4 IPO Stocks To Watch
Marvell Technology Inc.
Marvell is a company that develops semiconductors and related technologies. Specifically, the company’s data infrastructure technology helps power progress across the world. Its technology has been trusted by the world’s leading tech companies for 25 years as Marvell provides semiconductor solutions to meet customers’ current and future needs. The company announced its first-quarter financials for the fiscal year 2022 Monday afternoon.
Ahead of its financials, Marvell, today introduced the industry’s first 1.6T Ethernet PHY with 100G PAM4 electrical input/output in 5nm. This will help cater to the demand for increased bandwidth in data centers to support massive data growth that is experienced worldwide right now.
his new tech would serve as the foundational speed for the next generation of high-speed networks and Marvell is further extending its leadership in the market. It also announced its Atlas 50Gbps PAM4 DSP chipset solution for high-performance cloud data centers, computing, and emerging AI applications. With a slew of exciting news from the company, won’t you want to watch MRVL stock?
[Read More] 4 Artificial Intelligence Stocks To Watch Right Now
3D Systems Corporation
Last but not least, we will be looking at 3D Systems. For the uninitiated, it is a South Carolina-based company that, as the name suggests, is in the 3D printing business. In fact, it is the pioneer in the field of 3D printing, bringing the innovation to the market over 30 years ago. Now, the company is a leading name in the additive manufacturing industry, empowering customers to create innovative products.
According to 3D Systems, the company’s core end markets include the health care and industrial markets. Seeing as the applications for 3D printing continue to expand, investors could be eyeing DDD stock now. Even now, DDD stock is looking at gains of over 180% year-to-date.
If anything, things could be looking up for the 3D printing market. According to a recent research report by ReportLinker, the global 3D printing healthcare market could grow to $2.53 billion through 2025. This would mark a compound annual growth rate of about 18%. In the medical space, 3D printing tech is being directed towards printing functioning organs. Notably, this would fill in a gap in markets where there is a shortfall in organ donors. Given 3D Systems’ current standing in the industry, investors looking to bet on 3D printing would turn to DDD stock. Would you do the same?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top Tech Stocks To Watch In June 2021 Apple Inc. (NASDAQ: AAPL) Marathon Digital Holdings Inc. (NASDAQ: MARA) Marvell Technology Inc. (NASDAQ: MRVL) 3D Systems Corporation (NYSE: DDD) Apple. Seeing as the applications for 3D printing continue to expand, investors could be eyeing DDD stock now. Even now, DDD stock is looking at gains of over 180% year-to-date.
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Top Tech Stocks To Watch In June 2021 Apple Inc. (NASDAQ: AAPL) Marathon Digital Holdings Inc. (NASDAQ: MARA) Marvell Technology Inc. (NASDAQ: MRVL) 3D Systems Corporation (NYSE: DDD) Apple. Seeing as the applications for 3D printing continue to expand, investors could be eyeing DDD stock now. Even now, DDD stock is looking at gains of over 180% year-to-date.
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Top Tech Stocks To Watch In June 2021 Apple Inc. (NASDAQ: AAPL) Marathon Digital Holdings Inc. (NASDAQ: MARA) Marvell Technology Inc. (NASDAQ: MRVL) 3D Systems Corporation (NYSE: DDD) Apple. Seeing as the applications for 3D printing continue to expand, investors could be eyeing DDD stock now. Even now, DDD stock is looking at gains of over 180% year-to-date.
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Top Tech Stocks To Watch In June 2021 Apple Inc. (NASDAQ: AAPL) Marathon Digital Holdings Inc. (NASDAQ: MARA) Marvell Technology Inc. (NASDAQ: MRVL) 3D Systems Corporation (NYSE: DDD) Apple. Seeing as the applications for 3D printing continue to expand, investors could be eyeing DDD stock now. Even now, DDD stock is looking at gains of over 180% year-to-date.
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d9349cae-4a04-4310-a64d-4f05a68d9b41
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716607.0
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2021-06-03 00:00:00 UTC
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Why 3D Systems Is Smart to Sell Its On-Demand Manufacturing Business
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-is-smart-to-sell-its-on-demand-manufacturing-business-2021-06-03
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nan
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nan
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3D Systems announced on Tuesday that it had signed an agreement to sell its on-demand manufacturing business.
Many investors liked this news, as the 3D printing stock jumped 11.3% on Wednesday on heavier-than-average volume. A good portion of this pop, however, is surely attributable to short-sellers (those who are betting a stock will decline) scrambling to cover their positions as the stock rose during the day.
3D Systems stock has a high short interest of 23.9%, as of the most recent data (May 14), which means that about 24% of the company's shares available for trading were sold short as of this date. The positive side of this high short interest for investors who are long the stock is that the stock's upward move on positive news will tend to be amplified.
Here's what investors should know about the company's planned divestiture.
Image source: Getty Images.
The sale details
3D Systems is selling its on-demand manufacturing (ODM) business to private equity firm Trilantic North America for $82 million, subject to certain closing adjustments, it said in its press release. This operation has two facilities in the United States and three in Europe, which Trilantic will rebrand.
The company expects the sale to close in the third quarter of this year.
Why the divestiture?
In the press release, CEO Jeffrey Graves said the company's "sole reason for the divestiture is to enable our entire focus and investment priorities to be on additive manufacturing (AM), where we play a unique leadership role in enabling industrial-scale AM adoption across a range of exciting end markets."
3D Systems' ODM business focuses on the rapid production of components using both additive manufacturing (3D printing) and traditional subtractive manufacturing methods.
Graves -- who came on board in April 2020 -- began divesting non-core assets earlier this year after focusing on increasing efficiencies last year. In January, the company sold its non-core software businesses, Cimatron and GibbsCAM. These businesses were focused on traditional manufacturing, and probably should have never been acquired in the first place.
How big is 3D Systems' on-demand manufacturing business?
The ODM business probably accounts for about 13% to 16% of 3D Systems' total revenue.
The company didn't provide any revenue numbers in the press release. Moreover, it no longer breaks out the revenue for its ODM operation, which is part of its service segment. However, in the first quarter of 2020, the company did break out this revenue. In that quarter, the ODM business generated revenue of $19.7 million, or 14.6% of the company's total revenue of $134.7 million. This percentage hasn't likely changed significantly in just one year.
In the first quarter of 2021, 3D Systems' total revenue was $146.1 million. If we assume the ODM operation accounted for roughly 13% to 16% of total revenue, we get ODM revenue of about $19 million to $23 million.
Why this divestiture is a good move
It enables top management to focus solely on 3D printing.
It generates a good chunk of cash -- $82 million with possible adjustments at closing -- which the company can use to invest in more profitable parts of its business, such as its healthcare segment.
It should help to increase profitability. This move will initially reduce the company's revenue, but it should also help increase its profitability. Historically, the ODM business has generally been a profitability laggard relative to other parts of the company's business.
How does 3D Systems plan to use the proceeds of the sale?
"The proceeds from the sale will be used to further accelerate our investments for growth in our core additive manufacturing capabilities, for which we are seeing rapidly rising demand in new, extraordinary applications ranging from the human body to electric vehicles and space travel," Graves said in the release.
3D Systems can afford to invest in growth initiatives now that its balance sheet is in good shape. At the end of the first quarter, it had $133 million in cash and no debt. Moreover, it's now generating cash from its operations rather than gobbling it up. In Q1, its operating cash flow was $28.5 million.
In the above quote, Graves called out the human body as one application in which the company is seeing rapidly rising demand for 3D printing. Indeed, the company's healthcare segment has been performing very well lately. One emerging area within this broad space is bioprinting, or using 3D printing technology to print animal and human cells to produce three-dimensional, functional tissues.
A major near-term application of bioprinting is in the drug discovery process, while a medium-term application is the printing of body parts such as soft tissue, bones, and arteries. The long-term goal of many working in this field is to bioprint solid human organs for transplant purposes.
In May, 3D Systems entered the commercial bioprinting market via its acquisition of Allevi, which sells bioprinters and bioinks to more than 380 medical and pharmaceutical labs in over 40 countries. Investors can expect Graves to try to quickly ramp up this business.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of May 11, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The sale details 3D Systems is selling its on-demand manufacturing (ODM) business to private equity firm Trilantic North America for $82 million, subject to certain closing adjustments, it said in its press release. It generates a good chunk of cash -- $82 million with possible adjustments at closing -- which the company can use to invest in more profitable parts of its business, such as its healthcare segment. "The proceeds from the sale will be used to further accelerate our investments for growth in our core additive manufacturing capabilities, for which we are seeing rapidly rising demand in new, extraordinary applications ranging from the human body to electric vehicles and space travel," Graves said in the release.
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The sale details 3D Systems is selling its on-demand manufacturing (ODM) business to private equity firm Trilantic North America for $82 million, subject to certain closing adjustments, it said in its press release. In that quarter, the ODM business generated revenue of $19.7 million, or 14.6% of the company's total revenue of $134.7 million. It generates a good chunk of cash -- $82 million with possible adjustments at closing -- which the company can use to invest in more profitable parts of its business, such as its healthcare segment.
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The sale details 3D Systems is selling its on-demand manufacturing (ODM) business to private equity firm Trilantic North America for $82 million, subject to certain closing adjustments, it said in its press release. In that quarter, the ODM business generated revenue of $19.7 million, or 14.6% of the company's total revenue of $134.7 million. It generates a good chunk of cash -- $82 million with possible adjustments at closing -- which the company can use to invest in more profitable parts of its business, such as its healthcare segment.
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The company expects the sale to close in the third quarter of this year. 3D Systems' ODM business focuses on the rapid production of components using both additive manufacturing (3D printing) and traditional subtractive manufacturing methods. It generates a good chunk of cash -- $82 million with possible adjustments at closing -- which the company can use to invest in more profitable parts of its business, such as its healthcare segment.
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da2e4439-ddec-43e1-919b-9a21fd8a3788
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716608.0
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2021-06-02 00:00:00 UTC
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3D Systems Corporation (NYSE:DDD) Could Be Less Than A Year Away From Profitability
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DDD
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https://www.nasdaq.com/articles/3d-systems-corporation-nyse%3Addd-could-be-less-than-a-year-away-from-profitability-2021-06
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nan
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nan
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We feel now is a pretty good time to analyse 3D Systems Corporation's (NYSE:DDD) business as it appears the company may be on the cusp of a considerable accomplishment. 3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The US$3.6b market-cap company’s loss lessened since it announced a US$150m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$85m, as it approaches breakeven. As path to profitability is the topic on 3D Systems' investors mind, we've decided to gauge market sentiment. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.
According to the 9 industry analysts covering 3D Systems, the consensus is that breakeven is near. They expect the company to post a final loss in 2020, before turning a profit of US$31m in 2021. Therefore, the company is expected to breakeven roughly 12 months from now or less. How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2021? Working backwards from analyst estimates, it turns out that they expect the company to grow 39% year-on-year, on average, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected.
NYSE:DDD Earnings Per Share Growth June 2nd 2021
Given this is a high-level overview, we won’t go into details of 3D Systems' upcoming projects, though, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.
Before we wrap up, there’s one aspect worth mentioning. 3D Systems currently has no debt on its balance sheet, which is rare for a loss-making growth company, which usually has a high level of debt relative to its equity. The company currently operates purely off its shareholder funding and has no debt obligation, reducing concerns around repayments and making it a less risky investment.
Next Steps:
There are key fundamentals of 3D Systems which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at 3D Systems, take a look at 3D Systems' company page on Simply Wall St. We've also put together a list of pertinent aspects you should further examine:
Valuation: What is 3D Systems worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether 3D Systems is currently mispriced by the market.
Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on 3D Systems’s board and the CEO’s background.
Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We feel now is a pretty good time to analyse 3D Systems Corporation's (NYSE:DDD) business as it appears the company may be on the cusp of a considerable accomplishment. NYSE:DDD Earnings Per Share Growth June 2nd 2021 Given this is a high-level overview, we won’t go into details of 3D Systems' upcoming projects, though, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. 3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
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We feel now is a pretty good time to analyse 3D Systems Corporation's (NYSE:DDD) business as it appears the company may be on the cusp of a considerable accomplishment. NYSE:DDD Earnings Per Share Growth June 2nd 2021 Given this is a high-level overview, we won’t go into details of 3D Systems' upcoming projects, though, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.
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NYSE:DDD Earnings Per Share Growth June 2nd 2021 Given this is a high-level overview, we won’t go into details of 3D Systems' upcoming projects, though, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. We feel now is a pretty good time to analyse 3D Systems Corporation's (NYSE:DDD) business as it appears the company may be on the cusp of a considerable accomplishment. 3D Systems currently has no debt on its balance sheet, which is rare for a loss-making growth company, which usually has a high level of debt relative to its equity.
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NYSE:DDD Earnings Per Share Growth June 2nd 2021 Given this is a high-level overview, we won’t go into details of 3D Systems' upcoming projects, though, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. We feel now is a pretty good time to analyse 3D Systems Corporation's (NYSE:DDD) business as it appears the company may be on the cusp of a considerable accomplishment. We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.
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14a0baf4-2b45-4ed8-9458-dc99ac743179
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716609.0
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2021-06-01 00:00:00 UTC
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Technology Sector Update for 06/01/2021: LOGI,SONM,DDD,CLDR
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-06-01-2021%3A-logisonmdddcldr-2021-06-01
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nan
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nan
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Technology stocks trimmed a portion of prior declines Tuesday, with the SPDR Technology Select Sector ETF slipping 0.3% while the Philadelphia Semiconductor Index was falling 0.1% this afternoon.
In company news, Logitech International (LOGI) rose 4% after Credit Suisse raised its price target for the Swiss computer peripherals company by 12 Swiss francs to 133 francs ($148.3) a share and reiterating its outperform rating for the stock.
Cloudera (CLDR) climbed nearly 24% after the data analytics company agreed to a $5.3 billion buyout offer from private equity investors KKR (KKR) and Clayton Dubilier & Rice, with investors receiving $16 in cash for each Cloudera share, or 24.4% above Friday's closing price.
On the losing side, 3D Systems (DDD) was declining 1.9% after announcing the $82 million sale of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou.
Sonim Technologies (SONM) slid 4.5% after the specialty mobile telephones-maker said CEO Tom Wilkinson resigned Monday and that Chief Financial Officer Robert Tirva was moving up to become company president and chief operating officer, reporting directly to the Sonim board.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the losing side, 3D Systems (DDD) was declining 1.9% after announcing the $82 million sale of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou. In company news, Logitech International (LOGI) rose 4% after Credit Suisse raised its price target for the Swiss computer peripherals company by 12 Swiss francs to 133 francs ($148.3) a share and reiterating its outperform rating for the stock. Cloudera (CLDR) climbed nearly 24% after the data analytics company agreed to a $5.3 billion buyout offer from private equity investors KKR (KKR) and Clayton Dubilier & Rice, with investors receiving $16 in cash for each Cloudera share, or 24.4% above Friday's closing price.
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On the losing side, 3D Systems (DDD) was declining 1.9% after announcing the $82 million sale of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou. Technology stocks trimmed a portion of prior declines Tuesday, with the SPDR Technology Select Sector ETF slipping 0.3% while the Philadelphia Semiconductor Index was falling 0.1% this afternoon. In company news, Logitech International (LOGI) rose 4% after Credit Suisse raised its price target for the Swiss computer peripherals company by 12 Swiss francs to 133 francs ($148.3) a share and reiterating its outperform rating for the stock.
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On the losing side, 3D Systems (DDD) was declining 1.9% after announcing the $82 million sale of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou. In company news, Logitech International (LOGI) rose 4% after Credit Suisse raised its price target for the Swiss computer peripherals company by 12 Swiss francs to 133 francs ($148.3) a share and reiterating its outperform rating for the stock. Cloudera (CLDR) climbed nearly 24% after the data analytics company agreed to a $5.3 billion buyout offer from private equity investors KKR (KKR) and Clayton Dubilier & Rice, with investors receiving $16 in cash for each Cloudera share, or 24.4% above Friday's closing price.
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On the losing side, 3D Systems (DDD) was declining 1.9% after announcing the $82 million sale of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou. Technology stocks trimmed a portion of prior declines Tuesday, with the SPDR Technology Select Sector ETF slipping 0.3% while the Philadelphia Semiconductor Index was falling 0.1% this afternoon. In company news, Logitech International (LOGI) rose 4% after Credit Suisse raised its price target for the Swiss computer peripherals company by 12 Swiss francs to 133 francs ($148.3) a share and reiterating its outperform rating for the stock.
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c5a3132a-3ceb-4e65-a0ff-ca0e2257415c
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716610.0
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2021-06-01 00:00:00 UTC
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Earnings Crush and Bioprinting Push Are Bullish for 3D Systems
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DDD
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https://www.nasdaq.com/articles/earnings-crush-and-bioprinting-push-are-bullish-for-3d-systems-2021-06-01
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Not long ago, InvestorPlace contributor Luke Lango called 3D printing the Fourth Industrial Revolution. Moreover, he identified 3D Systems (NYSE:DDD) and DDD stock specifically as one of the stocks to watch in this niche market.
Source: shutterstock.com/FabrikaSimf
You can’t really blame Lango for putting 3D Systems at the top of his watch list for this category. After all, 3D printing is what this company specializes in, and it’s a leader in the field.
Along with big data, the Internet of Things (IoT) and cloud computing, 3D printing truly could be among the most significant technology breakthroughs of our time.
And, 3D Systems could be the right company to bank on. So, let’s begin with an analysis of the stock to see just how far it could move in the near term.
DDD Stock at a Glance
As recently as late September 2020, DDD stock was classified as a penny stock — defined by the U.S. Securities and Exchange Commission (SEC) as a stock that trades under $5 per share.
It didn’t take long after that, though, for the stock to break out of penny stock territory. By the end of 2020, the share price was above $10. But the biggest gains were yet to come.
7 Cheap Stocks to Put on Your Buy List for June
In a spectacular rally, DDD stock shot all the way up to a 52-week high of $56.50 on February 9, 2021. Apparently, the market was quite bullish on the company and 3D printing generally at that time.
On the other hand, it’s not always easy to profit from a long position after a near-vertical price move. Thus, 3D Systems shares crashed to the $18 level in May.
A recovery seems to be in the works, however. On May 27, DDD stock was pushing towards the $31 area, giving the bulls hope for another possible run at $56 and beyond in the coming months.
Printing Up Some Great Numbers
The doubters and skeptics are going to have a tough time, now that 3D Systems has published its first-quarter 2021 fiscal stats.
There’s no need to cherry-pick the good data because it was a solid beat across the board.
For example, Wall Street was bracing for 3D Systems to post adjusted quarterly earnings of just 2 cents per share. The actual result blew past that, at 17 cents per share.
This also represents a vast improvement over the adjusted earnings loss of 4 cents per share posted for the year-ago quarter.
At the same time, 3D Systems posted first-quarter revenue of $146.1 million, outperforming Wall Street’s estimate of $136.63 million as well as the year-ago period’s $135.6 million.
3D Systems CEO Jeffrey Graves offered a few fiscal tidbits of his own:
“We delivered almost 8% year-over-year revenue growth despite divestments of non-core businesses in 2020 and 2021.”
“When we exclude the revenue from these divested businesses, organic revenue grew nearly 17%.”
“Our Healthcare business continues to deliver exceptional growth, posting a 39% year-over-year increase.”
Beefing Up the Bioprinting Business
Moving outside of the terrific quarterly report, we should also mention an acquisition that 3D Systems announced not too long ago.
Specifically 3D Systems disclosed that it has acquired Philadelphia, Pennsylvania-based bioprinting solutions developer Allevi.
The simplest way to describe bioprinting is as a technology that uses 3D printing technology to cells to order to produce functional, three-dimensional tissues.
Like 3D Systems, Allevi is a leader of its chosen niche. Allevi has a presence in more than 380 medical and pharmaceutical laboratories across 40+ countries.
And, Allevi operates within a large and growing addressable market.
In fact, according to the press release, the “field of regenerative medicine … is projected to grow by more than 15% per year by multiple research houses.” Furthermore, that field’s value “could surpass $18 billion by 2025.”
The Takeaway on DDD Stock
It’s tempting to ignore the Allevi acquisition and only focus on the first-quarter fiscal data.
That data was exceptional, no doubt. Yet, 3D Systems’ push into bioprinting deserves attention as well. And, it’s another reason to be bullish on DDD stock.
On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
The post Earnings Crush and Bioprinting Push Are Bullish for 3D Systems appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, he identified 3D Systems (NYSE:DDD) and DDD stock specifically as one of the stocks to watch in this niche market. DDD Stock at a Glance As recently as late September 2020, DDD stock was classified as a penny stock — defined by the U.S. Securities and Exchange Commission (SEC) as a stock that trades under $5 per share. 7 Cheap Stocks to Put on Your Buy List for June In a spectacular rally, DDD stock shot all the way up to a 52-week high of $56.50 on February 9, 2021.
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Moreover, he identified 3D Systems (NYSE:DDD) and DDD stock specifically as one of the stocks to watch in this niche market. DDD Stock at a Glance As recently as late September 2020, DDD stock was classified as a penny stock — defined by the U.S. Securities and Exchange Commission (SEC) as a stock that trades under $5 per share. 7 Cheap Stocks to Put on Your Buy List for June In a spectacular rally, DDD stock shot all the way up to a 52-week high of $56.50 on February 9, 2021.
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Moreover, he identified 3D Systems (NYSE:DDD) and DDD stock specifically as one of the stocks to watch in this niche market. DDD Stock at a Glance As recently as late September 2020, DDD stock was classified as a penny stock — defined by the U.S. Securities and Exchange Commission (SEC) as a stock that trades under $5 per share. 7 Cheap Stocks to Put on Your Buy List for June In a spectacular rally, DDD stock shot all the way up to a 52-week high of $56.50 on February 9, 2021.
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Moreover, he identified 3D Systems (NYSE:DDD) and DDD stock specifically as one of the stocks to watch in this niche market. DDD Stock at a Glance As recently as late September 2020, DDD stock was classified as a penny stock — defined by the U.S. Securities and Exchange Commission (SEC) as a stock that trades under $5 per share. 7 Cheap Stocks to Put on Your Buy List for June In a spectacular rally, DDD stock shot all the way up to a 52-week high of $56.50 on February 9, 2021.
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695869ff-9c49-4a01-88d0-2f8e4e72d01a
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716611.0
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2021-06-01 00:00:00 UTC
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Technology Sector Update for 06/01/2021: SONM,DDD,CLDR
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-06-01-2021%3A-sonmdddcldr-2021-06-01
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nan
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nan
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Technology stocks were moderately lower Tuesday, with the SPDR Technology Select Sector ETF slipping 0.4% while the Philadelphia Semiconductor Index was falling 0.5% this afternoon.
In company news, Sonim Technologies (SONM) declined 4.5% after the specialty mobile telephones-maker said CEO Tom Wilkinson resigned Monday and that Chief Financial Officer Robert Tirva was moving up to become company president and chief operating officer, reporting directly to the Sonim board.
3D Systems (DDD) was fractionally higher, overcoming a 2.8% decline earlier that followed it announcing the $82 million sales of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou.
Cloudera (CLDR) climbed over 24.1% after the data analytics company agreed to a $5.3 billion buyout offer from private equity investors KKR (KKR) and Clayton Dubilier & Rice, with investors receiving $16 in cash for each Cloudera share, or 24.4% above Friday's closing price.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) was fractionally higher, overcoming a 2.8% decline earlier that followed it announcing the $82 million sales of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou. In company news, Sonim Technologies (SONM) declined 4.5% after the specialty mobile telephones-maker said CEO Tom Wilkinson resigned Monday and that Chief Financial Officer Robert Tirva was moving up to become company president and chief operating officer, reporting directly to the Sonim board. Cloudera (CLDR) climbed over 24.1% after the data analytics company agreed to a $5.3 billion buyout offer from private equity investors KKR (KKR) and Clayton Dubilier & Rice, with investors receiving $16 in cash for each Cloudera share, or 24.4% above Friday's closing price.
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3D Systems (DDD) was fractionally higher, overcoming a 2.8% decline earlier that followed it announcing the $82 million sales of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou. In company news, Sonim Technologies (SONM) declined 4.5% after the specialty mobile telephones-maker said CEO Tom Wilkinson resigned Monday and that Chief Financial Officer Robert Tirva was moving up to become company president and chief operating officer, reporting directly to the Sonim board. Cloudera (CLDR) climbed over 24.1% after the data analytics company agreed to a $5.3 billion buyout offer from private equity investors KKR (KKR) and Clayton Dubilier & Rice, with investors receiving $16 in cash for each Cloudera share, or 24.4% above Friday's closing price.
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3D Systems (DDD) was fractionally higher, overcoming a 2.8% decline earlier that followed it announcing the $82 million sales of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou. In company news, Sonim Technologies (SONM) declined 4.5% after the specialty mobile telephones-maker said CEO Tom Wilkinson resigned Monday and that Chief Financial Officer Robert Tirva was moving up to become company president and chief operating officer, reporting directly to the Sonim board. Cloudera (CLDR) climbed over 24.1% after the data analytics company agreed to a $5.3 billion buyout offer from private equity investors KKR (KKR) and Clayton Dubilier & Rice, with investors receiving $16 in cash for each Cloudera share, or 24.4% above Friday's closing price.
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3D Systems (DDD) was fractionally higher, overcoming a 2.8% decline earlier that followed it announcing the $82 million sales of its on-demand digital manufacturing business to private-equity investors Trilantic North America and 3D on-demand general manager Ziad Abou. Technology stocks were moderately lower Tuesday, with the SPDR Technology Select Sector ETF slipping 0.4% while the Philadelphia Semiconductor Index was falling 0.5% this afternoon. In company news, Sonim Technologies (SONM) declined 4.5% after the specialty mobile telephones-maker said CEO Tom Wilkinson resigned Monday and that Chief Financial Officer Robert Tirva was moving up to become company president and chief operating officer, reporting directly to the Sonim board.
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2ff32c3c-d81f-40b6-934b-736c30d419c2
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716612.0
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2021-05-26 00:00:00 UTC
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3D Systems Is Now a Player in the 3D Bioprinting Market
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DDD
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https://www.nasdaq.com/articles/3d-systems-is-now-a-player-in-the-3d-bioprinting-market-2021-05-26
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nan
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nan
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3D Systems (NYSE: DDD) stock soared 35% earlier this month after the 3D printing company's release of first-quarter 2021 results that sped by investors' expectations. Excluding divestitures, its revenue jumped 17% year over year, and it was profitable from both an adjusted basis and according to generally accepted accounting principles (GAAP).
While it's still relatively early in the company's turnaround, things have been looking brighter over the last couple of quarters. Revenue is growing, debt is gone, cash flow from operations is positive, and non-core assets are being divested.
One of CEO Jeffrey Graves' smartest moves, however, hasn't received the attention it deserves: increasing the company's push into the burgeoning 3D bioprinting market.
The Holy Grail in bioprinting is to use the technology to produce fully functional solid organs for human transplant purposes, though there are also potentially lucrative applications over the nearer and intermediate terms. Image source: Getty Images.
3D Systems is beefing up its 3D bioprinting chops
Earlier this month, 3D Systems announced that it had acquired Allevi, a small Philadelphia-based 3D bioprinting company. "Bioprinting" generally refers to using 3D printing technology to print animal and human cells to produce three-dimensional, functional tissues.
3D Systems has had a bioprinting collaboration with biotech company United Therapeutics (NASDAQ: UTHR) since 2017. The goal of this collaboration is ambitious: to use bioprinting to produce solid organs for human transplants, beginning with the lung. While this partnership -- inked during the tenure of 3D Systems' former CEO -- has massive potential, any revenue generated from it is likely many years away.
The Allevi acquisition is significant because it represents 3D Systems' commercial entrance into the bioprinting market. On the Q1earnings call Graves said bringing Allevi into its fold makes the company well positioned across a broad range of market applications from "near-term laboratory applications [drug discovery process], medium-term human applications [such as the printing of bones, arteries, and soft tissue] and longer-term human solid-organ applications in the exciting emerging field of regenerative medicine."
About bioprinting company Allevi
Allevi (formerly named BioBots) was founded in 2014 by several then-recent graduates of the University of Pennsylvania. The company develops bioprinters, biomaterials (also known as bioinks), and specialized laboratory software.
On 3D Systems' Q1 call, Graves said that "Allevi has established a strong technology base, brand, and distribution network for this rapidly emerging market with a presence today in over 380 medical and pharmaceutical laboratories in over 40 countries." This reputational and market presence information isn't surprising, as Allevi garnered accolades from its inception. As I wrote at the time, the company (then BioBots) bested more than 500 entrants to win "Most Innovative" honors at the South by Southwest 2015 Accelerator venture competition.
3D Systems didn't release sales data for Allevi, but Dun & Bradstreet pegs its annual revenue at about $1.9 million. While this figure is just an estimate, it at least gives us a ballpark idea as to Allevi's size. 3D Systems generated revenue of $146.1 million in the first quarter, so its annual run rate is about $584 million. Allevi's revenue isn't currently material to 3D Systems' top line, but with its scale and cross-selling opportunities, 3D Systems has the potential to quickly ramp up its new bioprinting business.
Printing a wrap
I'll close as I did in my 2015 article on this topic as it's still very apt -- and even more so, as bioprinting has made technological advances since that time:
3D bioprinting has mind-blowing potential to help humanity -- and make a mint for the company or companies that develop a successful strategy. The Holy Grail, of course, is the potential for the technology to print fully functional solid human organs for transplant. More than 6,000 people in the United States alone die each year waiting for a transplant. [The current statistic varies by source, so suffice it to say that it's a little higher now.] However, even if that goal is never reached, the potential implications of bioprinting are still staggering, given it could greatly increase the speed and safety of the drug development process.
10 stocks we like better than 3D Systems
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) stock soared 35% earlier this month after the 3D printing company's release of first-quarter 2021 results that sped by investors' expectations. The Holy Grail in bioprinting is to use the technology to produce fully functional solid organs for human transplant purposes, though there are also potentially lucrative applications over the nearer and intermediate terms. On 3D Systems' Q1 call, Graves said that "Allevi has established a strong technology base, brand, and distribution network for this rapidly emerging market with a presence today in over 380 medical and pharmaceutical laboratories in over 40 countries."
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3D Systems (NYSE: DDD) stock soared 35% earlier this month after the 3D printing company's release of first-quarter 2021 results that sped by investors' expectations. The Holy Grail in bioprinting is to use the technology to produce fully functional solid organs for human transplant purposes, though there are also potentially lucrative applications over the nearer and intermediate terms. On the Q1earnings call Graves said bringing Allevi into its fold makes the company well positioned across a broad range of market applications from "near-term laboratory applications [drug discovery process], medium-term human applications [such as the printing of bones, arteries, and soft tissue] and longer-term human solid-organ applications in the exciting emerging field of regenerative medicine."
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3D Systems (NYSE: DDD) stock soared 35% earlier this month after the 3D printing company's release of first-quarter 2021 results that sped by investors' expectations. 3D Systems is beefing up its 3D bioprinting chops Earlier this month, 3D Systems announced that it had acquired Allevi, a small Philadelphia-based 3D bioprinting company. On the Q1earnings call Graves said bringing Allevi into its fold makes the company well positioned across a broad range of market applications from "near-term laboratory applications [drug discovery process], medium-term human applications [such as the printing of bones, arteries, and soft tissue] and longer-term human solid-organ applications in the exciting emerging field of regenerative medicine."
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3D Systems (NYSE: DDD) stock soared 35% earlier this month after the 3D printing company's release of first-quarter 2021 results that sped by investors' expectations. The goal of this collaboration is ambitious: to use bioprinting to produce solid organs for human transplants, beginning with the lung. 3D Systems generated revenue of $146.1 million in the first quarter, so its annual run rate is about $584 million.
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2f38862d-17ef-43d6-8d3c-7cf88dca2b3a
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716613.0
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2021-05-24 00:00:00 UTC
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DDD Crosses Above Average Analyst Target
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DDD
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https://www.nasdaq.com/articles/ddd-crosses-above-average-analyst-target-2021-05-24
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nan
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nan
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $26.33, changing hands for $27.14/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 6 different analyst targets within the Zacks coverage universe contributing to that average for 3D Systems Corp. , but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $16.00. And then on the other side of the spectrum one analyst has a target as high as $31.00. The standard deviation is $5.609.
But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $26.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $26.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover 3D Systems Corp. :
RECENT DDD ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 0 0 0 0
Buy ratings: 0 0 0 0
Hold ratings: 6 6 6 5
Sell ratings: 1 1 1 1
Strong sell ratings: 1 1 1 1
Average rating: 3.38 3.38 3.38 3.43
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DDD — FREE.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $26.33, changing hands for $27.14/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $26.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $26.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $26.33, changing hands for $27.14/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $26.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $26.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with DDD crossing above that average target price of $26.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $26.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $26.33, changing hands for $27.14/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $26.33, changing hands for $27.14/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $26.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $26.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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538e590c-faa7-48ee-ada1-3c541c48789f
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716614.0
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2021-05-23 00:00:00 UTC
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2 Key Things From 3D Systems' Earnings Call That Investors Should Know
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DDD
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https://www.nasdaq.com/articles/2-key-things-from-3d-systems-earnings-call-that-investors-should-know-2021-05-23
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nan
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nan
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Earlier this month, 3D Systems (NYSE: DDD) reported first-quarter 2021 results that easily beat the Wall Street consensus estimates for both revenue and earnings. The stock skyrocketed 35% the next day.
In the first quarter, the 3D printing company's revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million. Growth was driven by continued strength in the healthcare segment and a stabilizing of the industrial segment, which was hard hit by the fallout from the COVID-19 pandemic.
Moreover, the company posted a profit on both an adjusted basis and according to generally accepted accounting principles (GAAP). Adjusted for one-time items, net income landed at $20.9 million, or $0.17 per share, up from a loss per share of $4.5 million, or $0.04 per share, in the year-ago period. GAAP net income was $45.2 million, or $0.36 per share, up from a loss of $18.9 million, or $0.17 per share, in the first quarter of 2020.
Earnings releases tell only part of the story. Following are two key things from 3D Systems' Q1earnings callthat investors should know.
Image source: Getty Images.
1. The company's competitive advantages
From CEO Jeffrey Graves' remarks:
There are three things that inspire my confidence in our future. And I believe they should inspire yours as well. First, we clearly by far have the broadest technology portfolio in the industry. [...] Second, I'm convinced that we have the brightest and most creative application engineers in the industry. [...]
Third, as one of the largest and most experienced companies in the industry, we have the scale and the infrastructure to not only support our customers' needs when they initially implement additive manufacturing, but also sustain them over the lifetime of their equipment by providing key services and consumables that are vital to their ongoing business success.
As to Graves' first point, 3D Systems does have the broadest offerings in the 3D printing industry in terms of technology to my knowledge, at least among publicly traded companies. It has several polymer technologies and at least one metal 3D printing technology.
For a couple of points of comparison: Rival Stratasys (NASDAQ: SSYS), another well-established pure-play 3D printing company, doesn't have a metal 3D printing technology. Newly public Desktop Metal (NYSE: DM) is just in the early stages of commercializing its metal technology and only recently expanded into polymers via its February acquisition of EnvisionTEC.
His second point about having "the brightest and most creative application engineers" is too subjective to address.
I'll also agree with Graves' third point about 3D Systems having a scale and experience advantage, at least relative to most other players. That said, there's a caveat here. Under the prior two CEOs, the company prematurely released products that had quality issues. So, while scale does usually provide various advantages, it won't do so if customers are hesitant to buy a product from a company due to concerns about quality. Hopefully, this issue is largely behind 3D Systems, but investors still need to keep an eye on it.
2. Ramping up its healthcare business organically and through acquisitions
From Graves' remarks:
As you can see in our numbers for Q1, we're seeing rising demand for new applications, particularly in our healthcare business. To meet this demand forecast, we're expanding our Denver, Colorado, location by roughly 50%. [...] Through this next phase of investment [...] we'll be able to reduce time to market for new medical applications, continue expanding our product offerings, and better support the holistic needs of our growing healthcare customer base.
In Q1, 3D Systems' healthcare revenue surged 39% year over year to $72.5 million. This segment accounted for 49.6% of the company's total revenue of $146.1 million. So, its business is now essentially evenly split between healthcare and industrial.
As Graves said on the prior quarter's call, the company's healthcare business "brings a bit higher gross margin on average than our industrial business." So, naturally, it makes great sense to focus somewhat more on applications that are more profitable.
In addition, 3D Systems announced several days before it released its Q1 results that it had acquired Allevi, a small Philadelphia-based bioprinting company. Bioprinting refers to using 3D printing technology to print animal and human cells to produce three-dimensional, functional tissues. This was a smart move and expands the company's involvement in this space, as it's been collaborating with United Therapeutics (NASDAQ: UTHR) in this realm since 2017.
Graves said one key intermediate-term application of bioprinting is to help pharmaceutical companies speed up the drug development process. A longer-term goal of those working in this space is to print fully functional solid human organs such as the liver, heart, and kidneys for transplant purposes. Regenerative medicine, as it's often called, is in its infancy, but it has humongous growth potential.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of May 11, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earlier this month, 3D Systems (NYSE: DDD) reported first-quarter 2021 results that easily beat the Wall Street consensus estimates for both revenue and earnings. [...] Third, as one of the largest and most experienced companies in the industry, we have the scale and the infrastructure to not only support our customers' needs when they initially implement additive manufacturing, but also sustain them over the lifetime of their equipment by providing key services and consumables that are vital to their ongoing business success. [...] Through this next phase of investment [...] we'll be able to reduce time to market for new medical applications, continue expanding our product offerings, and better support the holistic needs of our growing healthcare customer base.
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Earlier this month, 3D Systems (NYSE: DDD) reported first-quarter 2021 results that easily beat the Wall Street consensus estimates for both revenue and earnings. In the first quarter, the 3D printing company's revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million. Under the prior two CEOs, the company prematurely released products that had quality issues.
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Earlier this month, 3D Systems (NYSE: DDD) reported first-quarter 2021 results that easily beat the Wall Street consensus estimates for both revenue and earnings. As to Graves' first point, 3D Systems does have the broadest offerings in the 3D printing industry in terms of technology to my knowledge, at least among publicly traded companies. For a couple of points of comparison: Rival Stratasys (NASDAQ: SSYS), another well-established pure-play 3D printing company, doesn't have a metal 3D printing technology.
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Earlier this month, 3D Systems (NYSE: DDD) reported first-quarter 2021 results that easily beat the Wall Street consensus estimates for both revenue and earnings. The company's competitive advantages From CEO Jeffrey Graves' remarks: There are three things that inspire my confidence in our future. So, while scale does usually provide various advantages, it won't do so if customers are hesitant to buy a product from a company due to concerns about quality.
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06c4ed22-7023-4052-9acf-79a8596a3998
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716615.0
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2021-05-19 00:00:00 UTC
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Desktop Metal Stock: Why the Wild Ride After the Q1 Earnings Release?
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DDD
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https://www.nasdaq.com/articles/desktop-metal-stock%3A-why-the-wild-ride-after-the-q1-earnings-release-2021-05-19
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nan
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nan
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Desktop Metal (NYSE: DM) stock had a wild ride on Tuesday following the 3D printing company's release of its first-quarter 2021 results on the prior day after the market close.
Shares (which began trading in December 2020 following the company's reverse merger with a special purpose acquisition company, or SPAC) opened nearly 11% lower on Tuesday. But they gained back much of their lost ground by the end of the regular trading session, closing down just 1.4%.
We can only speculate as to the "whys." But it seems likely that the market's initial quite-negative reaction is probably attributable to some market participants not being happy about two main things: earnings and management not providing organic revenue. The latter adds to uncertainty -- and the market hates uncertainty.
So why did shares claw their way back up throughout the day on Tuesday? It seems likely there were two main reasons. First, some market participants probably viewed the initial sell-off as overdone, especially since revenue exceeded the Wall Street consensus estimate, and viewed the dip as a buying opportunity. Second, Desktop Metal stock likely got a lift from shares of 3D Systems surging 10% on Tuesday, as 3D Systems is often viewed as a bellwether for the 3D printing space. Shares of Stratasys popped more than 4%, which lends support to this theory.
Now let's take a look at Desktop Metal's second quarterly report as a public company.
Image source: Getty Images.
Desktop Metal's key numbers
METRIC Q1 2021 Q1 2020
CHANGE
Revenue $11.3 million $3.4 million 234%
GAAP operating income ($30.7 million) ($22.3 million) N/A. Loss widened 38%.
GAAP net income ($59.1 million) ($21.8 million) N/A. Loss widened 171%.
Adjusted net income $7.0 million ($20.4 million) N/A. Result flipped to positive from negative.
GAAP earnings per share (EPS) ($0.25) ($0.14) N/A. Loss widened 79%.
Adjusted EPS $0.03 ($0.13) N/A. Result flipped to positive from negative.
Data source: Desktop Metal. GAAP = generally accepted accounting principles.
First-quarter revenue (which increased 35% from the prior quarter) got a boost from the company's February acquisition of EnvisionTEC, which is involved in the polymer 3D printing space. The size of this boost isn't known because the company didn't provide an organic revenue number. (Organic revenue doesn't include the impact of acquisitions made over the last year.) So we cannot gauge how well Desktop Metal's core metal 3D printing business performed in the quarter.
The GAAP net loss includes a noncash negative change in fair value of warrant liability of $56.6 million and an income tax benefit of $27.9 million.
The non-GAAP (adjusted) numbers exclude the impact of the change in fair value of the warrant liability and some other smaller one-time items. The adjusted numbers do not exclude the tax benefit.
Wall Street was looking for a loss per share of $0.12 on revenue of $9.4 million. So, Desktop clearly beat on the top line. The bottom-line picture is murky, as it's unclear whether that bottom-line expectation refers to an adjusted result, as is usually the case, or the GAAP result. The data is conflicting on this point.
Don't get hung up on the "beat or non-beat" issue, however. The big takeaway here is that there are only a few Wall Street analysts providing quarterly estimates for the company, which means you should pay even less attention to these estimates than usual. Another takeaway is that even if viewed as an earnings beat, that beat is largely due to the tax benefit.
In Q1, the company used $41.1 million in cash running its operations, compared to using $22.4 million in cash in the year-ago period. Nonetheless, its liquidity position remains powerful. It ended the period with $572.2 million in cash, cash equivalents, and short-term investments. It has a negligible amount of long-term debt.
For context, for full-year 2020, Desktop Metal's revenue dropped 38% year over year to $16.5 million. Management attributed last year's revenue decline primarily to the pandemic, which caused some customers and potential customers to pause their ordering. In 2020, net loss narrowed 13% to $90.4 million, or $0.57 per share.
What management had to say
Here's what CEO Ric Fulop said in the earnings release:
We are pleased with the strong start to the year. Revenue growth accelerated as we captured strong organic momentum and inorganic [acquisition] opportunities. Continued innovation in our core business, coupled with our inorganic strategy, strengthens our ability to grow our product portfolio, expand the high-volume applications we can offer customers, and increase our category leadership. We are well positioned to execute on our long-term growth strategy focused on Additive Manufacturing 2.0 for high-volume, end-use parts.
Here's what CFO James Haley said on theearnings callwhen asked by an analyst about organic revenue:
So that is not something we're disclosing today. On our last call, we did indicate that we expected roughly 60% of our [full-year] revenues to come from DM organic and 40% from inorganic [acquisitions], and I would say we're still trending in that direction. I think what we'll see quarter to quarter, there'll be some variances. But really our full-year view has not changed at this point.
Guidance for full-year 2021
The company reiterated the outlook that it issued last quarter. For 2021, it expects revenue of "over $100 million." Moreover, it projects that it will exit the year with an annualized revenue run rate of $160 million. In other words, it probably expects fourth-quarter 2021 revenue of about $40 million.
Conclusion?
It's considered good form at The Motley Fool to end our earnings articles with a brief conclusion. However, it's not possible to opine here that the company performed "mediocre" or "it appears to be on track" or the like because it didn't break out organic performance.
So, I'll end on a note similar to what I said last quarter: Desktop Metal's metal 3D printing technology and overall strategy seem promising. But at this early point in its commercialization journey, its stock is speculative.
10 stocks we like better than Desktop Metal, Inc.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of May 11, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Desktop Metal (NYSE: DM) stock had a wild ride on Tuesday following the 3D printing company's release of its first-quarter 2021 results on the prior day after the market close. First-quarter revenue (which increased 35% from the prior quarter) got a boost from the company's February acquisition of EnvisionTEC, which is involved in the polymer 3D printing space. Continued innovation in our core business, coupled with our inorganic strategy, strengthens our ability to grow our product portfolio, expand the high-volume applications we can offer customers, and increase our category leadership.
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Revenue $11.3 million $3.4 million 234% GAAP operating income ($30.7 million) ($22.3 million) N/A. So we cannot gauge how well Desktop Metal's core metal 3D printing business performed in the quarter. The GAAP net loss includes a noncash negative change in fair value of warrant liability of $56.6 million and an income tax benefit of $27.9 million.
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Desktop Metal (NYSE: DM) stock had a wild ride on Tuesday following the 3D printing company's release of its first-quarter 2021 results on the prior day after the market close. Revenue $11.3 million $3.4 million 234% GAAP operating income ($30.7 million) ($22.3 million) N/A. For context, for full-year 2020, Desktop Metal's revenue dropped 38% year over year to $16.5 million.
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The GAAP net loss includes a noncash negative change in fair value of warrant liability of $56.6 million and an income tax benefit of $27.9 million. Wall Street was looking for a loss per share of $0.12 on revenue of $9.4 million. For context, for full-year 2020, Desktop Metal's revenue dropped 38% year over year to $16.5 million.
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716616.0
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2021-05-19 00:00:00 UTC
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3 Beaten-Down Growth Stocks Rising from the Ashes
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DDD
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https://www.nasdaq.com/articles/3-beaten-down-growth-stocks-rising-from-the-ashes-2021-05-19
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The unwind in growth stocks accelerated last week, and we’re getting another ugly drop as I type this Wednesday morning. With traders fleeing just about any ticker attached to the growth factor, it’s an understandable area to avoid right now.
Value, cyclicals, precious metals, and other inflation-sensitive securities are where the action is at.
But as I was sifting through the rubble in my list of beaten-down growth stocks, three companies caught my eye. Their long-term trends have yet to turn up, but the short-term price action is warming. And they all share the same catalyst that brought buyers to the yard – earnings. One of the silver linings to stock getting demolished in the weeks ahead of these quarterly events is it makes it easier for an upside surprise.
7 High Quality Industrial Stocks to Buy Now
In the case of the following candidates, earnings may well have put a bottom in their sinking share prices:
DoorDash (NYSE:DASH)
3D Systems Corporation (NYSE:DDD)
Palantir (NYSE:PLTR)
Let’s take a closer look at their bottoming attempts and build a trade worthy of consideration.
Growth Stocks: DoorDash (DASH)
Source: The thinkorswim® platform from TD Ameritrade
DoorDash never really found its footing following last year’s IPO. We saw one or two sharp rallies, but an uptrend never really developed. The response to its first earnings announcement in February didn’t help. But its second report was a different story. On Friday, DASH ripped 22% on monster volume. The rally pulled prices back above the 50-day and 20-day moving averages in a single bound.
The magnitude of the move, coupled with the breadth of participation, suggests the low is in. We may need a few days of consolidation to digest the gain, but make no mistake, the next breakout or retracement is a buy.
I like using bull puts to bet last week’s lows hold.
The Trade: Sell the June $110/$105 bull put for 70 cents.
The risk is $4.30, and the reward is 70 cents.
3D Systems (DDD)
Source: The thinkorswim® platform from TD Ameritrade
DDD has been so volatile this year it may as well be a cryptocurrency. In the past five months, it surged from $10 to $56 only to fall back to $17. If you think the giveback was excessive, then today’s idea should be of interest. Like, DASH, it was an earnings report that finally spelled the bottom for DDD. The better-than-expected numbers delivered a single session rally of 35%! As is typical during such an outsized jump, volume exploded.
A bull flag formed following the rally, and it triggered the next advance on Monday. Given the newfound strength, I’m viewing this morning’s down gap as a buying opportunity.
Implied volatility is extremely high because of the stock’s volatile nature. That makes spreads more desirable than a single call purchase.
7 High Quality Industrial Stocks to Buy Now
The Trade: Buy the Aug $25/$35 bull call for $2.40.
The risk is $2.40, and the reward is $7.60.
Growth Stocks: Palantir (PLTR)
Source: The thinkorswim® platform from TD Ameritrade
The final pick for today’s growth stocks to buy is Palantir. The momentum darling is down 50% since its peak but had found significant support at $21. Last week saw prices finally break the floor directly in front of the May 11 quarterly report. Fortunately, the numbers beat expectations, and bulls rushed back in.
The bullish engulfing candle that formed in response to the announcement was convincing. And, we’ve seen nothing but constructive price action since. What’s more, the rebound pulled prices back above the $21 support zone to create a false breakout. Any bears who shorted the break are now losing money and liable to get squeezed if PLTR moves higher.
If you’re willing to bet the stock stays above $18 for the next month, then consider the following naked put play.
The Trade: Sell the June $18 put for 42 cents.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
For a free trial to the best trading community on the planet and Tyler’s current home, click here!
The post 3 Beaten-Down Growth Stocks Rising from the Ashes appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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7 High Quality Industrial Stocks to Buy Now In the case of the following candidates, earnings may well have put a bottom in their sinking share prices: DoorDash (NYSE:DASH) 3D Systems Corporation (NYSE:DDD) Palantir (NYSE:PLTR) Let’s take a closer look at their bottoming attempts and build a trade worthy of consideration. 3D Systems (DDD) Source: The thinkorswim® platform from TD Ameritrade DDD has been so volatile this year it may as well be a cryptocurrency. Like, DASH, it was an earnings report that finally spelled the bottom for DDD.
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7 High Quality Industrial Stocks to Buy Now In the case of the following candidates, earnings may well have put a bottom in their sinking share prices: DoorDash (NYSE:DASH) 3D Systems Corporation (NYSE:DDD) Palantir (NYSE:PLTR) Let’s take a closer look at their bottoming attempts and build a trade worthy of consideration. 3D Systems (DDD) Source: The thinkorswim® platform from TD Ameritrade DDD has been so volatile this year it may as well be a cryptocurrency. Like, DASH, it was an earnings report that finally spelled the bottom for DDD.
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7 High Quality Industrial Stocks to Buy Now In the case of the following candidates, earnings may well have put a bottom in their sinking share prices: DoorDash (NYSE:DASH) 3D Systems Corporation (NYSE:DDD) Palantir (NYSE:PLTR) Let’s take a closer look at their bottoming attempts and build a trade worthy of consideration. 3D Systems (DDD) Source: The thinkorswim® platform from TD Ameritrade DDD has been so volatile this year it may as well be a cryptocurrency. Like, DASH, it was an earnings report that finally spelled the bottom for DDD.
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7 High Quality Industrial Stocks to Buy Now In the case of the following candidates, earnings may well have put a bottom in their sinking share prices: DoorDash (NYSE:DASH) 3D Systems Corporation (NYSE:DDD) Palantir (NYSE:PLTR) Let’s take a closer look at their bottoming attempts and build a trade worthy of consideration. 3D Systems (DDD) Source: The thinkorswim® platform from TD Ameritrade DDD has been so volatile this year it may as well be a cryptocurrency. Like, DASH, it was an earnings report that finally spelled the bottom for DDD.
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716617.0
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2021-05-15 00:00:00 UTC
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3D Systems vs. Stratasys: Which Had the Better Q1 Earnings Report?
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DDD
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https://www.nasdaq.com/articles/3d-systems-vs.-stratasys%3A-which-had-the-better-q1-earnings-report-2021-05-15
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3D Systems and Stratasys recently released their first-quarter 2021 reports. (3D Systems' results are here.) Let's compare the two 3D printing companies' results metric for metric.
Keep in mind that qualitative factors can be just as important as quantitative ones, and we're looking at just one quarter's worth of data. Even with these caveats, however, the findings from this exercise should help you make investing decisions in the 3D printing space.
Image source: Getty Images.
Revenue
COMPANY
Q1 2021 RESULTS
3D Systems (NYSE: DDD)
$146.1 million, up 7.7% from the year-ago period (and up 17%, excluding the impact of divestitures)
Stratasys (NASDAQ: SSYS)
$134.2 million, up 1% from the year-ago period
Data source: Company earnings reports.
Advantage: 3D Systems
3D Systems easily wins this category since its year-over-year revenue growth was the best. Its healthcare segment is carrying the load, as its sales surged 39%, while the industrial segment's sales fell 12% (though they rose 1% excluding the impact of divestitures).
In 2020, both companies were hurt from the fallout from the COVID-19 pandemic as many customers and potential customers in the industrial sector paused their buying. The crisis is still negatively impacting their businesses to some degree.
For context, in the fourth quarter of 2020, 3D Systems' revenue grew 2.6% and Stratasys' revenue fell 13% year over year. For full-year 2020, 3D Systems and Stratasys posted year-over-year revenue declines of 12% and 18%, respectively.
GAAP earnings per share
COMPANY
Q1 2021 RESULT
3D Systems
$0.36, up from ($0.17) in the year-ago period
Stratasys
($0.32), up from ($0.40) in the year-ago period
Data source: Company earnings reports. GAAP = generally accepted accounting principles.
Advantage: 3D Systems
3D Systems gets the gold medal here, as it generated a GAAP profit and Stratasys did not.
Adjusted EPS
COMPANY
Q1 2021 RESULT
3D Systems
$0.17, up from ($0.04) in the year-ago period
Stratasys
($0.06), up from ($0.19) in the year-ago period
Data source: Company earnings reports.
Advantage: 3D Systems
Once again, 3D Systems is the victor. Adjusted for one-time items, its bottom line was positive, while Stratasys' was not.
That said, it's a positive that Stratasys' loss per share narrowed considerably from the year-ago period.
Adjusted gross margin
COMPANY
Q1 2021 RESULT
3D Systems
44%, up from 42.7% in the year-ago period
Stratasys
46.7%, down from 48.4% in the year-ago period
Data source: Company earnings reports.
Advantage: Stratasys
Stratasys wins this category, but not by as much as it often does.
A higher gross margin relative to a competitor with a similar business can reflect stronger pricing power.
Liquidity -- operating cash flow and cash on hand
COMPANY
Q1 2021 RESULTS
3D Systems
Generated $28.5 million in cash from operations.
Ended the quarter with $133 million in cash and cash equivalents.
Had no debt.
Stratasys
Generated $22.8 million in cash from operations.
Ended the quarter with $530.4 million in cash and cash equivalents.
Had no debt.
Data source: Company earnings reports.
Advantage: Tie
This category is not cut and dry. Stratasys has much more cash on hand than 3D Systems -- and this huge cash pile gives it the edge in making acquisitions.
On the other hand, 3D Systems did better in generating cash from operations. The fairest way to gauge cash-generating power is to take revenue into account. That is, to divide cash from operations by revenue. 3D Systems turned 19.5% of its revenue dollars into cash from operations, with Stratasys trailing at 17%.
Research and development spending
COMPANY
Q1 2021 RESULT
3D Systems
$16.6 million, or 11.4% of revenue
Stratasys
$20.6 million, or 15.4% of revenue
Data sources: company earnings reports.
Advantage: Stratasys
Stratasys spent a higher percentage of its revenue on research and development, which is usually the best metric to gauge this type of spending. It also spent a higher absolute amount on R&D.
Investing in R&D is critical for companies in the technology realm if they want to stay competitive.
The winner is... 3D Systems.
Score: 3D Systems -- 3.5 points; Stratasys -- 2.5 points
Keep in mind the two caveats mentioned at the top of this article: Qualitative factors can be as important as quantitative ones, and we only considered one quarter's results. Moreover, we also didn't look at stock valuations.
Given that 3D Systems' business has recently been performing better than Stratasys', it's no surprise that its stock has also been performing better. In 2021, 3D Systems stock is up 113% through May 14, while Stratasys stock is down 4.5%. The S&P 500 returned 11.7% over this period.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of May 11, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) $146.1 million, up 7.7% from the year-ago period (and up 17%, excluding the impact of divestitures) Stratasys (NASDAQ: SSYS) $134.2 million, up 1% from the year-ago period Data source: Company earnings reports. A higher gross margin relative to a competitor with a similar business can reflect stronger pricing power. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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3D Systems (NYSE: DDD) $146.1 million, up 7.7% from the year-ago period (and up 17%, excluding the impact of divestitures) Stratasys (NASDAQ: SSYS) $134.2 million, up 1% from the year-ago period Data source: Company earnings reports. 3D Systems $0.36, up from ($0.17) in the year-ago period Stratasys ($0.32), up from ($0.40) in the year-ago period Data source: Company earnings reports. 3D Systems $16.6 million, or 11.4% of revenue Stratasys $20.6 million, or 15.4% of revenue Data sources: company earnings reports.
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3D Systems (NYSE: DDD) $146.1 million, up 7.7% from the year-ago period (and up 17%, excluding the impact of divestitures) Stratasys (NASDAQ: SSYS) $134.2 million, up 1% from the year-ago period Data source: Company earnings reports. 3D Systems $0.36, up from ($0.17) in the year-ago period Stratasys ($0.32), up from ($0.40) in the year-ago period Data source: Company earnings reports. 3D Systems $16.6 million, or 11.4% of revenue Stratasys $20.6 million, or 15.4% of revenue Data sources: company earnings reports.
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3D Systems (NYSE: DDD) $146.1 million, up 7.7% from the year-ago period (and up 17%, excluding the impact of divestitures) Stratasys (NASDAQ: SSYS) $134.2 million, up 1% from the year-ago period Data source: Company earnings reports. 3D Systems $16.6 million, or 11.4% of revenue Stratasys $20.6 million, or 15.4% of revenue Data sources: company earnings reports. Advantage: Stratasys Stratasys spent a higher percentage of its revenue on research and development, which is usually the best metric to gauge this type of spending.
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716618.0
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2021-05-14 00:00:00 UTC
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Earnings to Buy on Today’s Most-Shorted Stocks
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DDD
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https://www.nasdaq.com/articles/earnings-to-buy-on-todays-most-shorted-stocks-2021-05-14
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The broader averages have been busy busting moves left and right or rather down and up this week. But amid the more volatile tug-o-war between those bears and bulls, some of the market’s most-shorted stocks are unequivocally back in play as big-time buys following earnings.
For a short while this week, it may have looked more like the crash of 1929 than the Roaring Twenties which today’s market has tried to reinvent. The S&P 500 lost more than 4% in three sessions after setting a new all-time-high.
Similarly, blue-chip flavors of the day like Costco (NASDAQ:COST), Home Depot (NYSE:HD) took it on the chin. And the market’s fear index CBOE Volatility Index surged to within a whisker of historically, alarmed readings of 30%.
But as Wall Street looks to close out the week, blue-chips are feeling the love once again. The broader averages have reclaimed more than 50% of the selloff and swept interest rate, inflation worries and other inconveniences back under the carpet.
For select heavily shorted stocks though, it’s been all about earnings this week, as well as gaining more interesting-looking traction off and on the price charts.
FuboTV (NYSE:FUBO)
Blink Charging (NASDAQ:BLNK)
3D Systems (NYSE:DDD)
Today let’s take a look at three of the market’s most-shorted stocks which reported quarterly results this week. And using those stock’s calls and puts, we’ll formulate some risk-adjusted positions aligned with those findings.
Most-Shorted Stocks to Buy: FuboTV (FUBO)
Source: Charts by TradingView
The first of our most-shorted stocks to buy is fuboTV. The streaming sports upstart has proven a popular and profitable short the past couple months amid a broader rotation out of higher-multiple growth stories. But that looks all set to change.
This week’s street-beating report buoyed by triple-digit subscriber and revenue growth strongly suggests it’s time for FUBO’s remaining bear population of around 14% to exit the playing field. Better yet, it’s time investors go long FUBO stock based on this week’s reaction and technical picture that’s ready to score big-time for bulls.
As the provided weekly view of this most-shorted stock reveals, FUBO has come a long ways both up and down and multiple times this year. Currently 2021’s out-the-gate short squeeze folly depicted by leg AB has been matched by leg CD and more specifically leg CD2.
This leg offers a second-shot completion of a Fibonacci-based two-step or mirror move pattern. It’s bullish. And in this instance, with the pattern completing in a high-volume engulfing candlestick complete with an oversold and bullish stochastics set up, it’s game time for bulls.
My suggestion today is to begin a long campaign in this most-shorted stock using an August $22.50/$35 collar. This fully-hedged strategy removes excessive risk associated with a potential sack of FUBO stock, while being well-positioned for the upside win.
Blink Charging (BLNK)
Source: Charts by TradingView
The next of our most-shorted stocks to buy is Blink Charging. The electric vehicle charging station play maintains heavy short interest of nearly 38%. The outfit matched street estimates with a loss of 18 cents per share, but a post-report reaction shows BLNK up nearly 10%. So, what gives? It could be a case of better-than-expected results prompting some bears into action. But it could be something more, too.
Along with slightly stronger-than-forecast sales growth of nearly 72% and/or some appreciation for this past week’s Colonial pipeline fiasco, that could be grounds for a bit of short-covering. But today, something else is also setting up in BLNK stock’s favor though – a large corrective double-bottom.
Technically, the pattern’s second pivot low has, like the formation’s engulfing candle, found support off the 62% retracement level. This time, however, a bottom is shaping up to finish as a bullish weekly hammer.
My suggestion is to wait for price follow-through next week to confirm a low, along with a stochastics crossover. Should those conditions be met, a June $33/$38 collar is safer and effective way to ride this most-shorted stock long.
Most-Shorted Stocks to Buy: 3D Systems (DDD)
Source: Charts by TradingView
The last of our most-shorted stocks to buy is 3D Systems. It’s another well-shorted stock at roughly 22%, but unlikely to catch the attention of the GameStop (NYSE:GME) crowd onto the next, next big thing to be sure. More important, with the additive manufacturing specialist’s all-around, standout Q1 results and positive stock reaction in hand, today DDD is all about printing money for tomorrow’s bulls.
Technically, the bear market viewed on DDD’s weekly chart looks a look like FUBO stock’s. Each maintains a bullish engulfing weekly candle. DDD stock also sports a similar bullish stochastics crossover in oversold territory.
Slightly different and adding further support to this most-shorted stock, DDD’s potential bottoming pattern is successfully challenging the 76% Fibonacci level, as well as key, prior angular resistance.
Here, I’d also go with a collar. I like to keep on message when it comes to this highly flexible strategy. And today that makes more sense with an August $25/$35 combination as we look to ride a trend reversal to profitability, avoid excessive long premium risk and larger, but avoidable downside exposure.
On the date of publication, Chris Tyler did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits.
The post Earnings to Buy on Today’s Most-Shorted Stocks appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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More important, with the additive manufacturing specialist’s all-around, standout Q1 results and positive stock reaction in hand, today DDD is all about printing money for tomorrow’s bulls. Slightly different and adding further support to this most-shorted stock, DDD’s potential bottoming pattern is successfully challenging the 76% Fibonacci level, as well as key, prior angular resistance. FuboTV (NYSE:FUBO) Blink Charging (NASDAQ:BLNK) 3D Systems (NYSE:DDD) Today let’s take a look at three of the market’s most-shorted stocks which reported quarterly results this week.
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FuboTV (NYSE:FUBO) Blink Charging (NASDAQ:BLNK) 3D Systems (NYSE:DDD) Today let’s take a look at three of the market’s most-shorted stocks which reported quarterly results this week. DDD stock also sports a similar bullish stochastics crossover in oversold territory. Most-Shorted Stocks to Buy: 3D Systems (DDD)
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FuboTV (NYSE:FUBO) Blink Charging (NASDAQ:BLNK) 3D Systems (NYSE:DDD) Today let’s take a look at three of the market’s most-shorted stocks which reported quarterly results this week. Technically, the bear market viewed on DDD’s weekly chart looks a look like FUBO stock’s. Most-Shorted Stocks to Buy: 3D Systems (DDD)
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FuboTV (NYSE:FUBO) Blink Charging (NASDAQ:BLNK) 3D Systems (NYSE:DDD) Today let’s take a look at three of the market’s most-shorted stocks which reported quarterly results this week. Technically, the bear market viewed on DDD’s weekly chart looks a look like FUBO stock’s. Most-Shorted Stocks to Buy: 3D Systems (DDD)
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2021-05-13 00:00:00 UTC
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KOMP, VUZI, RIOT, DDD: ETF Outflow Alert
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DDD
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https://www.nasdaq.com/articles/komp-vuzi-riot-ddd%3A-etf-outflow-alert-2021-05-13
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P Kensho New Economies Composite ETF (Symbol: KOMP) where we have detected an approximate $75.3 million dollar outflow -- that's a 3.9% decrease week over week (from 32,400,000 to 31,140,000). Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is up about 2.5%, Riot Blockchain Inc (Symbol: RIOT) is down about 4%, and 3D Systems Corp. (Symbol: DDD) is higher by about 4.7%. For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average:
Looking at the chart above, KOMP's low point in its 52 week range is $30.83 per share, with $76.76 as the 52 week high point — that compares with a last trade of $60.78. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is up about 2.5%, Riot Blockchain Inc (Symbol: RIOT) is down about 4%, and 3D Systems Corp. (Symbol: DDD) is higher by about 4.7%. For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average: Looking at the chart above, KOMP's low point in its 52 week range is $30.83 per share, with $76.76 as the 52 week high point — that compares with a last trade of $60.78. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is up about 2.5%, Riot Blockchain Inc (Symbol: RIOT) is down about 4%, and 3D Systems Corp. (Symbol: DDD) is higher by about 4.7%. For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average: Looking at the chart above, KOMP's low point in its 52 week range is $30.83 per share, with $76.76 as the 52 week high point — that compares with a last trade of $60.78. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is up about 2.5%, Riot Blockchain Inc (Symbol: RIOT) is down about 4%, and 3D Systems Corp. (Symbol: DDD) is higher by about 4.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P Kensho New Economies Composite ETF (Symbol: KOMP) where we have detected an approximate $75.3 million dollar outflow -- that's a 3.9% decrease week over week (from 32,400,000 to 31,140,000). For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average: Looking at the chart above, KOMP's low point in its 52 week range is $30.83 per share, with $76.76 as the 52 week high point — that compares with a last trade of $60.78.
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Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is up about 2.5%, Riot Blockchain Inc (Symbol: RIOT) is down about 4%, and 3D Systems Corp. (Symbol: DDD) is higher by about 4.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P Kensho New Economies Composite ETF (Symbol: KOMP) where we have detected an approximate $75.3 million dollar outflow -- that's a 3.9% decrease week over week (from 32,400,000 to 31,140,000). For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average: Looking at the chart above, KOMP's low point in its 52 week range is $30.83 per share, with $76.76 as the 52 week high point — that compares with a last trade of $60.78.
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2021-05-13 00:00:00 UTC
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Desktop Metal Earnings: What to Watch on May 17
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DDD
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https://www.nasdaq.com/articles/desktop-metal-earnings%3A-what-to-watch-on-may-17-2021-05-13
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Desktop Metal (NYSE: DM) is slated to report its first-quarter 2021 results after the market close on Monday, May 17. An analyst conference call is scheduled for the same day at 4:30 p.m. EDT.
This will be the 3D printing company's second quarterly report as a public entity. It went public in December 2020 via a reverse merger with a special purpose acquisition company (SPAC). (This method is faster and less expensive than the traditional initial public offering route.)
Some investors might view 3D Systems' (NYSE: DDD) better-than-expected first-quarter results, released on Monday, as an indication that Desktop Metal's results could also surprise to the upside. There is some logic here, as 3D Systems got a boost from U.S. economic conditions being more favorable for its business relative to last year, when it was hit hard by the fallout from the COVID-19 pandemic.
That said, company-specific factors were also at play. 3D Systems' results suggest that it executed well in the quarter. Moreover, it's a well-established company, whereas Desktop Metal is not. In addition, the two companies' business profiles have some differences.
Image source: Getty Images.
Key numbers
Below are Wall Street's estimates and the company's results for the prior quarter to use as benchmarks. (Such a chart would typically provide year-ago results rather than prior-quarter ones, but Desktop Metal wasn't publicly traded at that time.)
METRIC
Q4 2020 RESULT
Q1 2021 WALL STREET CONSENSUS ESTIMATE
PROJECTED SEQUENTIAL CHANGE
Revenue
$8.4 million
$9.4 million
12%
Adjusted earnings per share (EPS)
($0.08)
($0.12)
N/A. Loss expected to widen 33%.
Data sources: Desktop Metal and Yahoo! Finance.
For additional context, for full-year 2020, Desktop Metal's revenue dropped 38% year over year to $16.5 million. Management attributed last year's revenue decline primarily to the pandemic, which caused some customers and potential customers to pause their ordering. In 2020, net loss narrowed 13% to $90.4 million, or $0.57 per share.
For even more context, in Q1, 3D Systems' revenue grew 7.7% year over year, and 17% excluding the impact of divestitures. Moreover, it posted a profit on an adjusted basis and on the basis of generally accepted accounting principles (GAAP).
Organic revenue
Investors will want to pay attention to Desktop Metal's organic revenue, not just total revenue. Hopefully, management discloses this metric in the earnings release or on theearnings call (Organic revenue doesn't include the impact of acquisitions or divestitures made over the last year.)
Desktop Metal acquired EnvisionTEC in February, so the first quarter's total revenue will get a boost from this acquisition. Organic revenue will exclude the revenue contribution from EnvisionTEC and enable investors to gauge how Desktop Metal's core metal 3D printing business is performing. That said, keep in mind that the first quarter is usually the lowest-revenue quarter for companies in the 3D printing industry.
The EnvisionTEC acquisition expanded Desktop Metal's business into the polymer 3D printing market. (I suspect the company will eventually change its name to better reflect its business.)
Market reception to new products in the metals business
The company began shipping its Shop System and Production System P-1 solutions in the fourth quarter of 2020. Investors will want to know what the early market reception has been for these new products. Management will probably provide color on this topic on the call.
Desktop Health
Last quarter, the company announced the launch of Desktop Health, a new business unit. Hopefully, management will break out the revenue generated from this unit and continue to do so.
As a point of reference, in Q1, 3D Systems' healthcare segment revenue surged 39% year over year, while its industrial segment revenue was about flat with the year-ago period excluding the impact of divestitures.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some investors might view 3D Systems' (NYSE: DDD) better-than-expected first-quarter results, released on Monday, as an indication that Desktop Metal's results could also surprise to the upside. There is some logic here, as 3D Systems got a boost from U.S. economic conditions being more favorable for its business relative to last year, when it was hit hard by the fallout from the COVID-19 pandemic. (Such a chart would typically provide year-ago results rather than prior-quarter ones, but Desktop Metal wasn't publicly traded at that time.)
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Some investors might view 3D Systems' (NYSE: DDD) better-than-expected first-quarter results, released on Monday, as an indication that Desktop Metal's results could also surprise to the upside. Organic revenue Investors will want to pay attention to Desktop Metal's organic revenue, not just total revenue. Organic revenue will exclude the revenue contribution from EnvisionTEC and enable investors to gauge how Desktop Metal's core metal 3D printing business is performing.
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Some investors might view 3D Systems' (NYSE: DDD) better-than-expected first-quarter results, released on Monday, as an indication that Desktop Metal's results could also surprise to the upside. Organic revenue Investors will want to pay attention to Desktop Metal's organic revenue, not just total revenue. Organic revenue will exclude the revenue contribution from EnvisionTEC and enable investors to gauge how Desktop Metal's core metal 3D printing business is performing.
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Some investors might view 3D Systems' (NYSE: DDD) better-than-expected first-quarter results, released on Monday, as an indication that Desktop Metal's results could also surprise to the upside. This will be the 3D printing company's second quarterly report as a public entity. For additional context, for full-year 2020, Desktop Metal's revenue dropped 38% year over year to $16.5 million.
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2021-05-13 00:00:00 UTC
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3 Bear Market Stocks to Buy to Power Through Any Downturn
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DDD
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https://www.nasdaq.com/articles/3-bear-market-stocks-to-buy-to-power-through-any-downturn-2021-05-13
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Roar!! Some may finally be thinking and seeing the end as being near with some of this week’s price action in the major averages. But in a market made up of stocks, investors should also be rightfully optimistic. Let’s look at the price charts of three bear market stocks closer to ending those ugly chapters and offering well-discounted stocks to buy with greater authority.
Home Depot (NYSE:HD). Microsoft (NASDAQ:MSFT). Honeywell (NYSE:HON). It’s a difficult pill to swallow for investors fancying the blue-chip Dow Jones Industrials as a safe haven in 2021. Sizable losses into Wednesday’s session and confirmed topping patterns have a way of dampening what had been a very real and determined case of bullish animal spirits in the Dow, as well as the broader S&P 500.
Other spots, or rather risk-assets, and many former top stocks to buy, have been under pressure for some time now. Zoom Video (NASDAQ:ZM). Snowflake (NYSE:SNOW). Advanced Micro Devices (NASDAQ:AMD). Teladoc (NYSE:TDOC). Churchill Capital (NYSE:CCIV). Those are just the tip of the iceberg of stocks in bear markets this year.
7 Great Growth Stocks to Consider for Your Short List
Chalk it up to interest rate and inflation fears. Or go ahead and point at obnoxiously rich valuations and hype, chip shortages or what lays ahead for companies on the other side of Covid-19. The excuses behind today’s stocks in bear markets is well-worn. But right now and increasingly, investors may want to see things with a more upbeat outlook.
If we’re to believe Wall Street, stocks are always perfectly priced given all the information available at that time. Hogwash. If that were really true, there’d be no under or over-valued situations and no stocks to buy or stocks to sell, right?
Rather, market prices are simply the result of collective opinion and emotion-driven decisions at any given moment. Having said that and well in front of other stocks which may find themselves the butt end of a new investor cycle, let’s look at three stocks to buy which are well-positioned for better days ahead at the hands of today’s haters:
fuboTV (NYSE:FUBO)
3D Systems (NYSE:DDD)
Ark Innovation ETF (NYSEARCA:ARKK)
Bear Market Stocks to Buy: fuboTV (FUBO)
Source: Charts by TradingView
The first of our bear market stocks to buy are shares of streaming sports upstart fuboTV. FUBO reaffirmed it remains a hit in posting triple-digit and street-beating subscriber and revenue growth. To be fair, losses came in weaker-than-forecast. But as with many other past disruptors such as Netflix (NASDAQ:NFLX), there’s a time and place for that to happen as well.
Today though, it’s time to place a buy order in this bear market stock to buy.
Technically, FUBO is shaping up as a deep, second shot Fibonacci-based mirror or two-step pattern. That’s where the size of leg AB matches leg CD or in today’s situation, a second chance low at D2.
With D2 forming a weekly engulfing candlestick on heavy volume, there’s enough evidence in place today to start an August $25/$35 collar without getting sacked and looking optimistically for the win!
3D Systems (DDD)
Source: Charts by TradingView
3D Systems is the next of our bear market stocks to buy. The additive manufacturing specialist announced an extremely strong Q1 report which toppled analyst views and boasted solid top and bottom-line growth, as well as a turnaround from the year-ago period.
Technically, the bear market viewed on DDD’s weekly chart looks similar to FUBO stock as it also sports a bullish engulfing weekly candle in the aftermath of its earnings release.
Here though, shares are also successfully holding a challenge of former angular resistance dating back to 2016 and 76% retracement level.
7 Stocks to Start your Robinhood Portfolio With Just $2,000
As with fuboTV, I’m a fan of going out and up in structuring an August $25/$35 collar in order for investors to be in it to win it with greater authority.
Ark Innovation ETF (ARKK)
Source: Charts by TradingView
The last of our bear market stocks to buy is the ARK Innovation ETF. Against the backdrop of hemorrhaging growth stocks, this high-flier and probably 2020’s most talked-about fund story, has a lot going for it.
Not only is ARKK a concentrated bet in top names within on-the-rise markets such as Tesla (NASDAQ:TSLA), Coinbase (NYSE:COIN) and Shopify (NYSE:SHOP), the ARKK stock chart is priced for shopping deep discounts right now.
Technically and as the well-doctored weekly view illustrates, ARKK has broken some key support lines since March. And today, it’s at its most ugly. Shares having retreated by a full 38% and nearly double a popularized 20% decline signaling a bear market.
Admittedly, it looks as though ARKK is ready for another leg down, but charts can change rapidly. As a more diversified instrument that’s also in a testing distance of its 50% retracement level tied to last March’s Covid low, I’m upbeat a more pleasant end of days is nearby for bulls.
If the forecast proves misplaced, a well-placed August $110/$130 collar will keep the powder dry for building a larger position and shouldn’t leave too much on the table if others start feeding at the trough once more.
Stocks owned: On the date of publication, Chris Tyler holds, directly or indirectly, stock and derivative positions in Advanced Micro Devices (AMD and Ark Investments (ARKK, ARKG) but no other securities mentioned in this article.
Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. The information offered is based on his professional experience but strictly intended for educational purposes only. Any use of this information is 100% the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits.
The post 3 Bear Market Stocks to Buy to Power Through Any Downturn appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Having said that and well in front of other stocks which may find themselves the butt end of a new investor cycle, let’s look at three stocks to buy which are well-positioned for better days ahead at the hands of today’s haters: fuboTV (NYSE:FUBO) 3D Systems (NYSE:DDD) Ark Innovation ETF (NYSEARCA:ARKK) Bear Market Stocks to Buy: fuboTV (FUBO) 3D Systems (DDD) Technically, the bear market viewed on DDD’s weekly chart looks similar to FUBO stock as it also sports a bullish engulfing weekly candle in the aftermath of its earnings release.
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Having said that and well in front of other stocks which may find themselves the butt end of a new investor cycle, let’s look at three stocks to buy which are well-positioned for better days ahead at the hands of today’s haters: fuboTV (NYSE:FUBO) 3D Systems (NYSE:DDD) Ark Innovation ETF (NYSEARCA:ARKK) Bear Market Stocks to Buy: fuboTV (FUBO) Technically, the bear market viewed on DDD’s weekly chart looks similar to FUBO stock as it also sports a bullish engulfing weekly candle in the aftermath of its earnings release. 3D Systems (DDD)
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Having said that and well in front of other stocks which may find themselves the butt end of a new investor cycle, let’s look at three stocks to buy which are well-positioned for better days ahead at the hands of today’s haters: fuboTV (NYSE:FUBO) 3D Systems (NYSE:DDD) Ark Innovation ETF (NYSEARCA:ARKK) Bear Market Stocks to Buy: fuboTV (FUBO) 3D Systems (DDD) Technically, the bear market viewed on DDD’s weekly chart looks similar to FUBO stock as it also sports a bullish engulfing weekly candle in the aftermath of its earnings release.
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Technically, the bear market viewed on DDD’s weekly chart looks similar to FUBO stock as it also sports a bullish engulfing weekly candle in the aftermath of its earnings release. Having said that and well in front of other stocks which may find themselves the butt end of a new investor cycle, let’s look at three stocks to buy which are well-positioned for better days ahead at the hands of today’s haters: fuboTV (NYSE:FUBO) 3D Systems (NYSE:DDD) Ark Innovation ETF (NYSEARCA:ARKK) Bear Market Stocks to Buy: fuboTV (FUBO) 3D Systems (DDD)
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2021-05-12 00:00:00 UTC
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3D Systems Is on the Path to $28. Why It’s Time to Buy DDD Stock & Other 3D Printing Stocks.
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DDD
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https://www.nasdaq.com/articles/3d-systems-is-on-the-path-to-%2428.-why-its-time-to-buy-ddd-stock-other-3d-printing-stocks.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
What Happened to the 3D Systems Stock Price Today?
3D printing leader 3D Systems (NYSE:DDD) reported blowout first quarter numbers, and investors cheered the results by sending DDD stock up more than 15%. Source: Shutterstock
The blowout earnings report and subsequent stock price jump does little to “fix” what has been a broken stock for months now. From its early 2021 highs, DDD stock is still off more than 50%.
We think recent weakness is a great buying opportunity, and that the big rebound in 3D printings stocks starts now.
Why It Happened
3D Systems’ first quarter earnings reports was stellar. In short, it was a huge double-beat quarter with accelerating revenue growth and improving margins.
On the top-line, analysts were looking for essentially flat revenue growth, following just 2% revenue growth in the fourth quarter of 2020. But revenues smashed estimated, and rose 8% year-over-year. On an organic basis ex certain business divestitures, revenues rose an impressive 17% year-over-year.
The healthcare business is booming (up 36%). The industrial business is recovering with the economy (organic industrial sales were up 1%).
On the bottom-line, 3D Systems smashed expectations by even more.
Strong top-line performance and demand flowed through into stronger-than-expected pricing and healthy gross margins. Gross margins clocked in at 44%, up from 42% both a year ago and last quarter.
Strong top-line performance also coupled with strict expense control to spark huge EBITDA margin expansion. Adjusted EBITDA margins were 13.2% in the quarter. A year ago, they were sitting at just 1.6%.
Analysts were expecting just two cents for EPS on the bottom-line. 3D Systems reported a number nearly 9X that big at 17 cents.
It was an amazing quarter. DDD stock surged in response.
Does It Matter?
This print matters in more ways than one.
For 3D Systems, it matters because it shows that this company is, indeed, on a rebounding growth trajectory that is causing meaningful improvements in revenues, margins, and profits. That’s a huge win for DDD stock.
For the broader 3D printing industry, it matters because it shows that all the hype in this space that emerged in late 2020 was not overstated. It was legit, as it is being backed up in early 2021 by very strong numbers. Growth in this space is unequivocally and rapidly accelerating, as 3D printing functionality goes up and costs come down, to a point where these machines are ready to redefine manufacturing everywhere.
That’s a huge win for other 3D printings stocks, like Stratasys (NASDAQ:SSYS) and ExOne (NASDAQ:XONE).
DDD Stock Price Forecast
We think 3D printings stocks are ready to rebound after a big lull over the past few months.
This rising tide will lift all boats, DDD stock included.
The consensus analyst price target on DDD stock is $28.
We see no reason why shares can’t or won’t rally toward that level over the next 12 months.
The once sleepy and left-for-dead 3D printing industry is ready to wake up and sprint into hypergrowth mode over the next decade.
For years, 3D printing was too slow, too expensive and too niche to be useful. Unless you consider small-scale, one-off prototyping as useful. The industry, though, has made huge technical advancements over the past several years. Today, 3D printers are printing faster than ever. This thanks to more efficient layer-by-layer printing technology. A byproduct of which is that they are becoming very affordable, as manufacturing processes have been streamlined, economics of scale has kicked in and material costs have plummeted. Most importantly, they are now able to print in metal (as opposed to just plastic), which makes them immediately usable on the factory floor.
The result is that more and more companies are incorporating rapid, cost-effective, metal 3D printing capabilities into their actual assembly lines. It’s the beginning of the long-overdue 3D Printing Revolution.
This industry is at a critical inflection point. It’s been a no-growth market for several years. Now, over the next few years, it’s going to transform into a sustainable 20%-plus growth market as a new generation of fast and affordable metal AM machines make their way onto factory floors everywhere, printing end-use parts for cars, planes, rocket-ships, medicine, and more.
We think these stocks could soar more than 10X in the coming years as they lead the world into a new of digital and on-demand manufacturing.
This is only part of what I cover in my free eletter, Hypergrowth Investing, which you can sign up for here.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this video.
By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It’s the focus of his premiere technology-focused service, Innovation Investor. To see Luke’s entire lineup of innovative next-generation mobility stocks, become a subscriber of Innovation Investor today.
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The post 3D Systems Is on the Path to $28. Why It’s Time to Buy DDD Stock & Other 3D Printing Stocks. appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D printing leader 3D Systems (NYSE:DDD) reported blowout first quarter numbers, and investors cheered the results by sending DDD stock up more than 15%. From its early 2021 highs, DDD stock is still off more than 50%. DDD stock surged in response.
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3D printing leader 3D Systems (NYSE:DDD) reported blowout first quarter numbers, and investors cheered the results by sending DDD stock up more than 15%. From its early 2021 highs, DDD stock is still off more than 50%. DDD stock surged in response.
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3D printing leader 3D Systems (NYSE:DDD) reported blowout first quarter numbers, and investors cheered the results by sending DDD stock up more than 15%. DDD Stock Price Forecast We think 3D printings stocks are ready to rebound after a big lull over the past few months. From its early 2021 highs, DDD stock is still off more than 50%.
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DDD Stock Price Forecast We think 3D printings stocks are ready to rebound after a big lull over the past few months. 3D printing leader 3D Systems (NYSE:DDD) reported blowout first quarter numbers, and investors cheered the results by sending DDD stock up more than 15%. From its early 2021 highs, DDD stock is still off more than 50%.
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e160ba2e-6894-4dd4-9996-82f3c5b8ed22
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716623.0
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2021-05-12 00:00:00 UTC
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Technology Sector Update for 05/12/2021: SONM,WIX,DDD
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-05-12-2021%3A-sonmwixddd-2021-05-12
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nan
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nan
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Technology stocks were leading the broader Wednesday markets lower, with the SPDR Technology Select Sector ETF slipping 2.2% while the Philadelphia Semiconductor Index was falling 3.1% this afternoon.
In company news, Sonim Technologies (SONM) fell 21% after the mobile phones manufacturer saw its Q1 net loss widen to $0.14 per share from last year's $0.10 per share loss while revenue fell 3.9% year over year to $12.2 million. Analysts, on average, had been looking for a $0.10 per share net loss on $13 million in revenue.
Wix.com (WIX) dropped 17.9% after the website development company saw its adjusted Q1 net loss widen to $0.54 per share compared with a $0.01 per share non-GAAP loss during the same quarter last year.
3D Systems (DDD) fell over 12% after Loop Capital cut its price target for the 3-D printer company by $7 to $24 a share and reiterated its hold stock rating.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) fell over 12% after Loop Capital cut its price target for the 3-D printer company by $7 to $24 a share and reiterated its hold stock rating. Technology stocks were leading the broader Wednesday markets lower, with the SPDR Technology Select Sector ETF slipping 2.2% while the Philadelphia Semiconductor Index was falling 3.1% this afternoon. Analysts, on average, had been looking for a $0.10 per share net loss on $13 million in revenue.
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3D Systems (DDD) fell over 12% after Loop Capital cut its price target for the 3-D printer company by $7 to $24 a share and reiterated its hold stock rating. In company news, Sonim Technologies (SONM) fell 21% after the mobile phones manufacturer saw its Q1 net loss widen to $0.14 per share from last year's $0.10 per share loss while revenue fell 3.9% year over year to $12.2 million. Analysts, on average, had been looking for a $0.10 per share net loss on $13 million in revenue.
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3D Systems (DDD) fell over 12% after Loop Capital cut its price target for the 3-D printer company by $7 to $24 a share and reiterated its hold stock rating. In company news, Sonim Technologies (SONM) fell 21% after the mobile phones manufacturer saw its Q1 net loss widen to $0.14 per share from last year's $0.10 per share loss while revenue fell 3.9% year over year to $12.2 million. Wix.com (WIX) dropped 17.9% after the website development company saw its adjusted Q1 net loss widen to $0.54 per share compared with a $0.01 per share non-GAAP loss during the same quarter last year.
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3D Systems (DDD) fell over 12% after Loop Capital cut its price target for the 3-D printer company by $7 to $24 a share and reiterated its hold stock rating. Technology stocks were leading the broader Wednesday markets lower, with the SPDR Technology Select Sector ETF slipping 2.2% while the Philadelphia Semiconductor Index was falling 3.1% this afternoon. In company news, Sonim Technologies (SONM) fell 21% after the mobile phones manufacturer saw its Q1 net loss widen to $0.14 per share from last year's $0.10 per share loss while revenue fell 3.9% year over year to $12.2 million.
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a10ed30b-0a45-41e7-a4f9-7b3459756ae2
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716624.0
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2021-05-12 00:00:00 UTC
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Why 3D Systems Stock Dropped 12.8% Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-dropped-12.8-today-2021-05-12
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nan
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nan
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What happened
After a tremendous earnings report and a fantastic rally in reaction to it -- shares up more than 35%! -- 3D Systems (NYSE: DDD) is giving back some gains Wednesday. As of noon EDT, shares were down 12.8%.
Why is that?
Image source: Getty Images.
So what
3D Systems reported eight times the pro forma profits it was expected to earn this week (according to stock analysts), and its earnings when calculated according to generally accepted accounting principles (GAAP) were twice its pro forma number -- $0.36 per diluted share. And for the record, that makes this the second time in a row that 3D has reported sales and earnings far greater than what Wall Street was expecting.
That explains the stock rally yesterday. As for the sell-off today, however, chances are what we're looking at is a simple case of investors taking profits after betting correctly on a 3D Systems earnings beat. But I have to say that Wall Street isn't helping the company much today, either.
In back-to-back ratings adjustments, Loop Capital lowered its price target on 3D Systems stock to $24 a share this morning, then B. Riley raised its target -- but only by $1, to $26 a share. Both analysts praised 3D for an outstanding performance in Monday's report, but they also seem to think that the good news is priced into the stock, and rated 3D Systems a hold at today's prices.
Now what
I get why they would say that. On the one hand, yes, the way things are going, I would be willing to bet good money that 3D Systems will beat current analyst sales and earnings estimates this year. Indeed, with 81% of predicted profits for the year already in the bag at the end of just Q1, I don't see how 3D could fail to beat earnings expectations this year. That being said, we're still looking at a company valued at $3 billion, but with negative GAAP earnings over the past 12 months, and negative free cash flow as well.
10 stocks we like better than 3D Systems
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*Stock Advisor returns as of May 11, 2021
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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-- 3D Systems (NYSE: DDD) is giving back some gains Wednesday. And for the record, that makes this the second time in a row that 3D has reported sales and earnings far greater than what Wall Street was expecting. As for the sell-off today, however, chances are what we're looking at is a simple case of investors taking profits after betting correctly on a 3D Systems earnings beat.
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-- 3D Systems (NYSE: DDD) is giving back some gains Wednesday. So what 3D Systems reported eight times the pro forma profits it was expected to earn this week (according to stock analysts), and its earnings when calculated according to generally accepted accounting principles (GAAP) were twice its pro forma number -- $0.36 per diluted share. On the one hand, yes, the way things are going, I would be willing to bet good money that 3D Systems will beat current analyst sales and earnings estimates this year.
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-- 3D Systems (NYSE: DDD) is giving back some gains Wednesday. So what 3D Systems reported eight times the pro forma profits it was expected to earn this week (according to stock analysts), and its earnings when calculated according to generally accepted accounting principles (GAAP) were twice its pro forma number -- $0.36 per diluted share. In back-to-back ratings adjustments, Loop Capital lowered its price target on 3D Systems stock to $24 a share this morning, then B. Riley raised its target -- but only by $1, to $26 a share.
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-- 3D Systems (NYSE: DDD) is giving back some gains Wednesday. What happened After a tremendous earnings report and a fantastic rally in reaction to it -- shares up more than 35%! On the one hand, yes, the way things are going, I would be willing to bet good money that 3D Systems will beat current analyst sales and earnings estimates this year.
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716625.0
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2021-05-11 00:00:00 UTC
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4 Top Stock Trades for Wednesday: PLTR, FSLY, DDD, OXY
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DDD
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https://www.nasdaq.com/articles/4-top-stock-trades-for-wednesday%3A-pltr-fsly-ddd-oxy-2021-05-11
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After an ugly open for tech stocks and growth stocks, many stocks in the group reversed to the upside. Is the low in? That will only be clear in hindsight. For now, though, let’s look at a few of these stocks for our top stock trades.
Top Stock Trades for Tomorrow No. 1: Palantir (PLTR)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Palantir (NYSE:PLTR) has been annihilated from the highs. From the highs to Monday’s close, shares were down 52%. However, PLTR began the day with a massive gap down.
That came after the company reported earnings. Despite a solid report, the market was in no mood to hear it from the bulls, instead choosing to sell without discretion. At today’s low, shares were down 3.2% from Monday’s close, while those losses swelled to 11.3% if taken at this morning’s pre-market lows.
Up 9.4% at the end of Tuesday, though, and the close looks much different than the open. In fact, Palantir is giving us a bullish engulfing candle, as today’s range completely takes Monday’s range. It even filled the gap.
But it’s not out of the woods.
On the plus side, bulls now have a level to measure against on the downside, albeit one that’s somewhat far away. On the upside, it needs to reclaim the $21 level and its 10-day moving average. If it can do that, perhaps we can see bulls garner some more momentum.
10 Ideal Dividend Stocks for Your Retirement
A close below Tuesday’s low puts the $15 to $16 are in play.
Top Stock Trades for Tomorrow No. 2: Fastly (FSLY)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Over the last few days, I’ve suggested that investors start taking a closer look at growth stocks, and that I feel we are closer to the bottom than the top. However, that doesn’t mean it’s time to borrow a line of credit on the house and go all-in here.
Fastly (NYSE:FSLY) is a great example.
After a post-earnings washout, it’s possible we’ve seen the stock’s capitulation. Look at the way it’s been hammering off this $40 level, trying to turn higher.
On the upside, I’m looking for a move to $50 and the 10-day moving average. Above puts the 10-week and 21-day moving averages in play, which are currently north of $60.
Obviously a close below this week’s low creates a problem for longs, putting sub-$40 levels in play.
Top Stock Trades for Tomorrow No. 3: 3D Systems (DDD)
Click to Enlarge
Source: Chart courtesy of TrendSpider
It’s been a while since we’ve talked about 3D Systems (NYSE:DDD). After a meteoric rise at the start of the year, DDD stock has been under tremendous pressure as growth stocks have been pulverized.
On the plus side with this stock, shares simply (yet painfully) only traded down to the 200-day moving average.
Also unlike most growth stocks, today’s rally sent DDD stock back up above the 10-day and 21-day moving averages. Shares also reclaimed the March low at $22. From here, I would love to see DDD stock hold above these marks.
7 Cyclical Stocks To Consider if the Economic Recovery Story Pans Out
On the upside, keep an eye on the 10-week and 50-day moving averages. Above could open the door to $30-plus.
Top Trades for Tomorrow No. 4: Occidental Petroleum (OXY)
Click to Enlarge
Source: Chart courtesy of TrendSpider
Let’s shift away from high-growth tech stocks for our last candidate as we focus on Occidental Petroleum (NYSE:OXY).
Occidental has been on a long, but slow recovery from its 2020 lows. We never saw that robust upside momentum like many other stocks experienced from the bottom.
Shares did trade well into the March highs, but lately, OXY stock has been backing off. The stock is now teetering on the $24.50 level, which was the high from June. Notably, this was also the breakout level from February.
If this level holds, let’s see if we can get a move back over the May high, at $28.13. Above that, and the 2021 highs could be on the table near $32. Incidentally, that’s also where the 61.8% retracement comes into play from the first quarter of 2020 range.
However, if it fails as support, it could put the April low in play at $22.44. Below that could put $20 and the 200-day moving average in play.
On the date of publication, Bret Kenwell held a long position in FSLY.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.
The post 4 Top Stock Trades for Wednesday: PLTR, FSLY, DDD, OXY appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to Enlarge Source: Chart courtesy of TrendSpider It’s been a while since we’ve talked about 3D Systems (NYSE:DDD). The post 4 Top Stock Trades for Wednesday: PLTR, FSLY, DDD, OXY appeared first on InvestorPlace. 3: 3D Systems (DDD)
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The post 4 Top Stock Trades for Wednesday: PLTR, FSLY, DDD, OXY appeared first on InvestorPlace. 3: 3D Systems (DDD) Click to Enlarge Source: Chart courtesy of TrendSpider It’s been a while since we’ve talked about 3D Systems (NYSE:DDD).
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Also unlike most growth stocks, today’s rally sent DDD stock back up above the 10-day and 21-day moving averages. 3: 3D Systems (DDD) Click to Enlarge Source: Chart courtesy of TrendSpider It’s been a while since we’ve talked about 3D Systems (NYSE:DDD).
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The post 4 Top Stock Trades for Wednesday: PLTR, FSLY, DDD, OXY appeared first on InvestorPlace. 3: 3D Systems (DDD) Click to Enlarge Source: Chart courtesy of TrendSpider It’s been a while since we’ve talked about 3D Systems (NYSE:DDD).
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b61928fe-14bc-4852-adad-8603c78502e5
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716626.0
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2021-05-11 00:00:00 UTC
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Technology Sector Update for 05/11/2021: ALF,SPCE,EVBG,DDD
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-05-11-2021%3A-alfspceevbgddd-2021-05-11
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nan
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nan
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Technology stocks steadied this afternoon following steep declines earlier Tuesday, with the SPDR Technology Select Sector ETF slipping 0.5% in late trade while the Philadelphia Semiconductor Index was falling 0.1%.
In company news, Alfi (ALF) slid 8% after the software as a service company said underwriters for its May 6 initial public offering exercised their overallotment option by buying 559,701 common shares at $4.15 each, boosting gross proceeds for the deal by $2.3 million to a total of $17.8 million. The underwriters also received warrants to purchase an additional 559,701 shares.
Among gainers, Virgin Galactic (SPCE) turned narrowly higher this afternoon, recovering from a 20% morning decline that followed the aerospace company reporting a Q1 loss of $0.55 per share, improving on a $1.86 per share loss during the same quarter in 2020 but missing the Capital IQ consensus expecting a $0.28 per share net loss.
Everbridge (EVBG) climbed 7.3% after the software firm reported non-GAAP Q1 net income of $0.18 per share on $82.2 million in revenue compared with the Capital IQ consensus expecting an $0.11 per share net loss on $75.6 million in revenue.
3D Systems (DDD) rose almost 35% after the 3-D printer company late Monday reported non-GAAP Q1 net income of $0.17 per share, reversing a $0.04 per share loss during the year-ago quarter, while revenue grew 7.7% to $146.1 million. Analysts, on average, had been expecting a $0.02 per share adjusted profit on $136.6 million in revenue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) rose almost 35% after the 3-D printer company late Monday reported non-GAAP Q1 net income of $0.17 per share, reversing a $0.04 per share loss during the year-ago quarter, while revenue grew 7.7% to $146.1 million. Technology stocks steadied this afternoon following steep declines earlier Tuesday, with the SPDR Technology Select Sector ETF slipping 0.5% in late trade while the Philadelphia Semiconductor Index was falling 0.1%. In company news, Alfi (ALF) slid 8% after the software as a service company said underwriters for its May 6 initial public offering exercised their overallotment option by buying 559,701 common shares at $4.15 each, boosting gross proceeds for the deal by $2.3 million to a total of $17.8 million.
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3D Systems (DDD) rose almost 35% after the 3-D printer company late Monday reported non-GAAP Q1 net income of $0.17 per share, reversing a $0.04 per share loss during the year-ago quarter, while revenue grew 7.7% to $146.1 million. Among gainers, Virgin Galactic (SPCE) turned narrowly higher this afternoon, recovering from a 20% morning decline that followed the aerospace company reporting a Q1 loss of $0.55 per share, improving on a $1.86 per share loss during the same quarter in 2020 but missing the Capital IQ consensus expecting a $0.28 per share net loss. Everbridge (EVBG) climbed 7.3% after the software firm reported non-GAAP Q1 net income of $0.18 per share on $82.2 million in revenue compared with the Capital IQ consensus expecting an $0.11 per share net loss on $75.6 million in revenue.
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3D Systems (DDD) rose almost 35% after the 3-D printer company late Monday reported non-GAAP Q1 net income of $0.17 per share, reversing a $0.04 per share loss during the year-ago quarter, while revenue grew 7.7% to $146.1 million. Among gainers, Virgin Galactic (SPCE) turned narrowly higher this afternoon, recovering from a 20% morning decline that followed the aerospace company reporting a Q1 loss of $0.55 per share, improving on a $1.86 per share loss during the same quarter in 2020 but missing the Capital IQ consensus expecting a $0.28 per share net loss. Everbridge (EVBG) climbed 7.3% after the software firm reported non-GAAP Q1 net income of $0.18 per share on $82.2 million in revenue compared with the Capital IQ consensus expecting an $0.11 per share net loss on $75.6 million in revenue.
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3D Systems (DDD) rose almost 35% after the 3-D printer company late Monday reported non-GAAP Q1 net income of $0.17 per share, reversing a $0.04 per share loss during the year-ago quarter, while revenue grew 7.7% to $146.1 million. Technology stocks steadied this afternoon following steep declines earlier Tuesday, with the SPDR Technology Select Sector ETF slipping 0.5% in late trade while the Philadelphia Semiconductor Index was falling 0.1%. In company news, Alfi (ALF) slid 8% after the software as a service company said underwriters for its May 6 initial public offering exercised their overallotment option by buying 559,701 common shares at $4.15 each, boosting gross proceeds for the deal by $2.3 million to a total of $17.8 million.
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49a7ba02-b4ea-4f9d-b38a-1d092fd2aa52
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716627.0
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2021-05-11 00:00:00 UTC
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Notable Tuesday Option Activity: DDD, ZM, RAPT
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DDD
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-ddd-zm-rapt-2021-05-11
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 69,013 contracts have traded so far, representing approximately 6.9 million underlying shares. That amounts to about 209.8% of DDD's average daily trading volume over the past month of 3.3 million shares. Especially high volume was seen for the $23 strike call option expiring May 14, 2021, with 7,601 contracts trading so far today, representing approximately 760,100 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $23 strike highlighted in orange:
Zoom Video Communications Inc (Symbol: ZM) options are showing a volume of 54,258 contracts thus far today. That number of contracts represents approximately 5.4 million underlying shares, working out to a sizeable 196.7% of ZM's average daily trading volume over the past month, of 2.8 million shares. Especially high volume was seen for the $320 strike call option expiring May 21, 2021, with 4,810 contracts trading so far today, representing approximately 481,000 underlying shares of ZM. Below is a chart showing ZM's trailing twelve month trading history, with the $320 strike highlighted in orange:
And RAPT Therapeutics Inc (Symbol: RAPT) saw options trading volume of 1,699 contracts, representing approximately 169,900 underlying shares or approximately 159.6% of RAPT's average daily trading volume over the past month, of 106,450 shares. Particularly high volume was seen for the $20 strike call option expiring June 18, 2021, with 719 contracts trading so far today, representing approximately 71,900 underlying shares of RAPT. Below is a chart showing RAPT's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for DDD options, ZM options, or RAPT options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $23 strike call option expiring May 14, 2021, with 7,601 contracts trading so far today, representing approximately 760,100 underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 69,013 contracts have traded so far, representing approximately 6.9 million underlying shares. That amounts to about 209.8% of DDD's average daily trading volume over the past month of 3.3 million shares.
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Below is a chart showing DDD's trailing twelve month trading history, with the $23 strike highlighted in orange: Zoom Video Communications Inc (Symbol: ZM) options are showing a volume of 54,258 contracts thus far today. Below is a chart showing RAPT's trailing twelve month trading history, with the $20 strike highlighted in orange: For the various different available expirations for DDD options, ZM options, or RAPT options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 69,013 contracts have traded so far, representing approximately 6.9 million underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 69,013 contracts have traded so far, representing approximately 6.9 million underlying shares. That amounts to about 209.8% of DDD's average daily trading volume over the past month of 3.3 million shares. Especially high volume was seen for the $23 strike call option expiring May 14, 2021, with 7,601 contracts trading so far today, representing approximately 760,100 underlying shares of DDD.
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Below is a chart showing RAPT's trailing twelve month trading history, with the $20 strike highlighted in orange: For the various different available expirations for DDD options, ZM options, or RAPT options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 69,013 contracts have traded so far, representing approximately 6.9 million underlying shares. That amounts to about 209.8% of DDD's average daily trading volume over the past month of 3.3 million shares.
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716628.0
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2021-05-11 00:00:00 UTC
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How Did These 2 Stocks Soar Despite the Market's Tuesday Plunge?
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DDD
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https://www.nasdaq.com/articles/how-did-these-2-stocks-soar-despite-the-markets-tuesday-plunge-2021-05-11
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nan
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Stock market nervousness jumped up a notch on Tuesday morning, as Wall Street reacted poorly to rising signs of inflation and other threats to the ideal conditions that have spurred the huge bull market in stocks over the past year. Major market benchmarks saw steep losses, with stocks in the energy and technology sectors getting particularly close attention from investors. As of 11:15 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 622 points to 34,121. The S&P 500 (SNPINDEX: ^GSPC) dropped 63 points to 4,126, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gave up another 121 points to 13,281.
Even with the declines throughout the market, there were some bright spots among individual stocks. One of the best performers was Roblox (NYSE: RBLX), which is a company that's well known among those with kids of a certain age. Meanwhile, 3D Systems (NYSE: DDD) also had a great day as investors gained confidence in the 3D printing company's future.
Image source: Getty Images.
Roblox builds up momentum
Shares of Roblox climbed more than 11% on Tuesday morning. The online game platform provider and newly public company announced blowout quarterly results that confirmed the hopes that many shareholders have for its growth prospects.
Roblox's first numbers as a publicly traded company following its direct listing in March were sensational. Bookings soared 161% year over year, pushing recognized revenue higher by 140% from year-ago levels. Monetization efforts were highly successful, as free cash flow came in at quadruple the level it was this time in 2020. More players are using Roblox than ever, with daily active user counts climbing 79% to 42.1 million. Overall, players spent 9.7 billion hours on the platform, nearly double year-earlier time spent.
Roblox is getting a lot of interest from a couple of key demographics. First, the company has sought to go beyond the young kids that were its initial core audience, and it saw dramatic growth in hours engaged and daily active user counts from players over 13 years old. In addition, Roblox has sought to gain international appeal, and growth in key metrics outside the U.S. and Canada far exceeded what the company saw in its home market.
Investors have been excited about Roblox since before it came public. If the game platform can keep gaining in popularity, then today's rise in the stock could be just the beginning.
Printing money
3D Systems had an even better day, rising 22%. The 3D printing specialist announced a profitable quarter and saw revenue move up from year-earlier levels.
3D Systems' numbers were solid. Revenue climbed 8% year over year on a 16.6% rise in organic sales. The top-line gains came despite the fact that 3D Systems made a number of divestitures in 2020 that reduced the scope of its overall operations. Net income came in at $45.2 million, reversing a year-ago loss of $18.9 million. Adjusted earnings of $0.17 per share returned 3D Systems to profitability.
CEO Jeff Graves was pleased with the progress that 3D Systems has made in its turnaround plan. Graves pointed to exceptional strength in the company's healthcare segment, while industrial sales stabilized as a global reopening starts to spur demand. Efforts to keep costs in check have also paid off on 3D Systems' bottom line.
The company's stock has gotten caught up in the same pullback that has hit a number of cutting-edge companies. It could take some time, but 3D Systems appears to be on the right path to recovery.
10 stocks we like better than Roblox Corporation
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Roblox Corporation wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, 3D Systems (NYSE: DDD) also had a great day as investors gained confidence in the 3D printing company's future. The online game platform provider and newly public company announced blowout quarterly results that confirmed the hopes that many shareholders have for its growth prospects. First, the company has sought to go beyond the young kids that were its initial core audience, and it saw dramatic growth in hours engaged and daily active user counts from players over 13 years old.
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Meanwhile, 3D Systems (NYSE: DDD) also had a great day as investors gained confidence in the 3D printing company's future. More players are using Roblox than ever, with daily active user counts climbing 79% to 42.1 million. Overall, players spent 9.7 billion hours on the platform, nearly double year-earlier time spent.
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Meanwhile, 3D Systems (NYSE: DDD) also had a great day as investors gained confidence in the 3D printing company's future. Stock market nervousness jumped up a notch on Tuesday morning, as Wall Street reacted poorly to rising signs of inflation and other threats to the ideal conditions that have spurred the huge bull market in stocks over the past year. 10 stocks we like better than Roblox Corporation When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Meanwhile, 3D Systems (NYSE: DDD) also had a great day as investors gained confidence in the 3D printing company's future. First, the company has sought to go beyond the young kids that were its initial core audience, and it saw dramatic growth in hours engaged and daily active user counts from players over 13 years old. Investors have been excited about Roblox since before it came public.
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2021-05-11 00:00:00 UTC
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3D Systems Corp (DDD) Q1 2021 Earnings Call Transcript
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https://www.nasdaq.com/articles/3d-systems-corp-ddd-q1-2021-earnings-call-transcript-2021-05-11
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Image source: The Motley Fool.
3D Systems Corp (NYSE: DDD)
Q1 2021 Earnings Call
May 11, 2021, 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Hello and welcome to the 3D Systems First Quarter 2021 Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.
It's now my pleasure to turn the call over to John Nypaver. Please go ahead.
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John Nypaver -- Vice President, Treasurer and Investor Relations
Thank you, Kevin. Good morning and welcome to 3D Systems conference call. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
The webcast portion of this call contains a slide presentation that we'll refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website. For those who have accessed the streaming portion of the webcast, please be aware that there may be a few seconds delay and that you will not be able to pose questions via the web.
The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements, as described on this slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in last night's press release and our filings with the SEC, including our most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q.
During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you'll find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures. Unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2020.
Now, I'm pleased to turn the call over to Jeff Graves, our CEO. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Good morning, everyone. And thank you for joining our call today.
Nearly one-year ago today, I joined 3D Systems as Chief Executive Officer. My reasons for joining were very simple. First, I believe that this industry was beginning to enter an exciting growth phase, driven by both maturing of the technologies as well as receptivity of the customer base to industrial scale additive manufacturing. Second, I saw the potential for 3D Systems to be a leader in the industry, one that could not only be at the forefront of this industrial renaissance but instrumental in making it happen. As excited as I was a year ago when I arrived, those feelings are dwarfed by the enthusiasm I feel today.
Rather than opening the call with a recap of our financial performance as I usually do, today I'm simply going to let our Q1 results speak for themselves, with Jagtar providing more color for you in a few moments. Instead for today's call, I want to start by offering a sincere thanks to our fantastic employees and our leadership team for their outstanding execution over the last year since my arrival.
I particularly want to acknowledge the leaders of our two business units, Reji Puthenveetil, who leads our Industrial business and has been the chief architect of our sales transformation; and Menno Ellis, who leads our Healthcare business and has done an exceptional job of creating a true integrated approach to the medical market. Having taken all these responsibilities last summer, they have performed magnificently, making significant changes in the organization and in the underlying processes that we follow and delivering for our customers each day. And doing so while facing unprecedented headwinds from the ongoing COVID crisis, the impact of which is still being felt today.
So, given that this is my one-year anniversary, I think it's an appropriate time to ask how did we get here. And much more importantly, how will we sustain this momentum going forward? Our journey started last summer by first establishing a clear strategic purpose for the company, which is to be leaders in enabling additive manufacturing solutions for applications in growing markets, the demand high reliability products.
We then laid out a simple four-stage plan, which would allow us to live into this purpose. They began with reorganization of the company into two business units, Healthcare and Industrial Solutions within restructured operations to gain efficiencies and began the process of divesting non-core assets. Then, as these elements gained momentum, we systematically increased our focus on investing for accelerated growth and profitability.
By focusing intensely on execution of our plan, by the time we entered the New Year, we have returned to growth. We were profitable, we were generating cash from operations and we're in a net cash position on the balance sheet. And then, the real fun began. As we began moving through Q1, the US economy began to reopen, our new products and applications gained momentum and our organic growth accelerated markedly. And our profitability and cash from operations increased dramatically as we leveraged our streamline operations.
Based upon this progress and our long-term outlook, we've set a goal of sustained double-digit organic revenue growth, 50% gross margins and 20% adjusted EBITDA margins, all of which we think are attainable in the years ahead. But in an increasingly competitive industry, why should you believe in our future success? Well, in addition to delivering on our commitments, which I think we demonstrated again this quarter, what I can tell you is that there are three things that inspire my confidence in our future. And I believe they should inspire yours as well.
First, we clearly by far have the broadest technology portfolio in the industry. It includes a full range of metal and polymer printing systems, industry-leading software platforms and an outstanding portfolio of materials for both human and industrial system applications. These capabilities, which are so vital to our customer's success, distinguish us from virtually all of our competitors. And with our ongoing R&D investments, they're stronger and better than ever.
Second, I'm convinced that we have the brightest and most creative application engineers in the industry. This group of very talented people provide exceptional value to our customers as they work hand-in-hand to introduce advanced systems and components that capitalize on additive manufacturing. These applications range from unique medical devices and personalized implants that are so vital to improving patient outcomes in healthcare to unique components that enable the newest generation of commercial rockets for space travel, a revolutionary equipment for the manufacture of semiconductor chips, just to name a few. And that list of new applications is growing rapidly every day.
Third, as one of the largest and most experienced companies in the industry, we have the scale and the infrastructure to not only support our customer's needs when they initially implement additive manufacturing, but also sustain them over the lifetime of their equipment by providing key services and consumables that are vital to their ongoing business success.
How do we know this formula works? Well, as always, the proof is in the numbers. Today, our technologies are used to print approximately 0.75 million production components per day 365 days a year. That equates to over 250 million components per year and climbing. This experience is invaluable as we invest more than ever into our core technologies and drive relentlessly to enable our customer's success.
In short, at 3D Systems, our goal is to inspire your confidence in us each day, first by delivering on our near-term commitments on growth and profitability, as demonstrated in our numbers today, while setting aggressive but realistic targets for the future. As an investor, you need not invest based solely on promises about next year's growth through the one thereafter. The market for industrial scale additive manufacturing is here today. It's real and it's growing at an exciting rate, particularly as the headwinds from COVID recede. So, as I said at the outset of the call, I have never been more excited about our future than I am today.
Now before I hand off to Jagtar to talk about the quarter, let me spend just a few minutes talking about the investments we're making for growth, some of which were described in our announcements last week. First, as you can see in our numbers for Q1, we're seeing rising demand for new applications, particularly in our Healthcare business. To meet this demand forecast, we're expanding our Denver, Colorado location by roughly 50%.
For more than a decade, this operation has supported a range of customers from large industry-leading customers to innovative start-ups and delivering a diverse portfolio of groundbreaking precision healthcare applications and medical technologies. From this location, we have supported more than 100 CE marked and FDA-cleared products. We've collaborated with surgeons to plan and guide more than 140,000 patient-specific procedures. And we've manufactured over 2 million medical device implants in our advanced manufacturing group.
Through this next phase of investment, which includes putting in place some of our most advanced metal and polymer printing systems and software tools, we'll be able to reduce time to market for new medical applications, continue expanding our product offerings and better support the holistic needs of our growing healthcare customer base. The scale we have now obtained in our Healthcare business in Denver provides a marvelous platform for growth, allowing us to maintain our industry-leading solution offerings that target patient-specific applications in growing markets like cranial maxillofacial surgical solutions and an expanding range of orthopedic surgical aids and implants.
In addition to supporting healthcare-specific growth, our Denver investment will expand the overall capabilities and capacity of our Application Innovation Group. As I discussed earlier, this group of application engineers is in the central element of our solutions-oriented approach to customers. With deep expertise in hardware, software and materials, this team of engineers helps customers not only demonstrate feasibility of new high value component solutions, but also design the overall workflows necessary to validate the economics of the process, gain regulatory approvals and then moving to full-scale production.
With expanded customer-facing engineering resources armed with a broad array of technologies and supporting infrastructure, we are well positioned to continue the strong momentum and expanded application development and early stage manufacturing that our customers are seeking.
In addition to our Colorado investment plans, last week we also announced the acquisition of two technology companies, Allevi and Additive Works. These acquisitions have an important role to play in meeting our current and future growth objectives.
Let me start with the Additive Works acquisition. They are a small but extremely talented group of German software engineers and physicists that have developed unique software that simulates the key steps of the additive manufacturing workflow from setup during the component design phase through post-print processing. Their sophisticated physics-based algorithms are extremely fast and effective in optimizing the part orientation, the support structure and thermal conditions during printing. The result has dramatically reduced setup times and post processing requirements, in conjunction with improved product performance yield and yield.
Historically, much of this optimization work was done empirically and requiring highly skilled process engineers and operators to optimize the process for each new component. The Additive Works simulation software reduces or even eliminates the need for this intensive effort, allowing for a much more rapid introduction of new components and improved economics, performance and reliability of the resulting product.
The Additive Works software, sold under the name Amphyon, interfaces seamlessly with leading CAD systems as well as our 3DXpert software platform and other major print platforms, which we will continue to support. Integrating Additive Works products and expertise into 3D Systems will further enhance our software portfolio and innovation capacity, driving accelerated adoption of additive manufacturing across the industrial and healthcare markets that we serve. We expect the deal to close by the third quarter paced by normal German regulatory requirements.
Moving then to one of the areas that I'm increasingly excited about, the emerging field of regenerative medicine. I'll conclude my opening remarks today with a few comments on our acquisition of Allevi. You may remember, on our lastearnings call we talked about the incredible progress our development team under Chuck Hull, working in close partnership with the wonderful folks in United Therapeutics, has made toward the printing of solid human organs. While not yet a reality, the promise of this technology is truly extraordinary, offering the hope of meeting the needs for thousands of patients who are desperately waiting on the availability of new lungs, kidneys, livers, hearts and other organs. Our commitment to this effort with United Therapeutics continues unabated.
As an outgrowth of this program, we also announced last quarter that given our strong technology foundation in this emerging field, we would expand our efforts pursuing additional applications for the human body such as printing of bones, arteries and soft tissue, just to name a few. We've increased application support this year to pursue these partnerships and hoping the intermediate term to bring these extraordinary products to market.
In addition to these direct human applications, I'm very excited to announce a further expansion of our focus to include the rapidly emerging market for laboratory applications of bioprinting technology. These laboratory applications are being driven by two major objectives; one is the study of regenerative medicine itself in a lab setting, which is increasingly of interest to researchers at major universities and renowned medical institutions around the world. The other driver and one that we believe bring substantial growth opportunities for us is with pharmaceutical laboratories who wish to utilize the unique three-dimensional cellular structures produced by bioprinting to accelerate the development of new drugs and drug therapies, some of which may eventually be optimized to accommodate an individual's unique genetic framework.
In addition to drug development, bioprinting offers unique advantages in the development of cosmetics and other skincare treatments in that human interactions can be directly assessed using three-dimensional bioprinted human tissue constructs, instead of relying upon simulations or animal studies, which are often less effective and bring with them difficult social issues.
In short, bioprinting for laboratory studies offers the potential for better, faster and safer and more humane development pass for a wide range of human applications. For all of these reasons, we're excited to expand our efforts to include these rapidly emerging laboratory applications, which we believe potentially represent a multi-billion-dollar market opportunity that will become available to us over the next several years.
In support of this effort to expand our regenerative medicine focus into the lab, we were very pleased last week to announce our acquisition of Allevi, a Philadelphia-based developer of bioprinting solutions comprising bioprinters, biomaterials, also known as bioinks, and specialized laboratory software. Allevi has established a strong technology base, brand and distribution network for this rapidly emerging market with a presence today in over 380 medical and pharmaceutical laboratories in over 40 countries. As a complete solutions provider, Allevi's business model aligns well with 3D Systems and positions us to leverage the technology we've developed for in-vivo applications as well as leveraging the overall scale of our Healthcare business to meet these emerging laboratory application needs.
When viewed in totality, with the Allevi acquisition completed last week, we're now well positioned across a broad market spectrum ranging from near-term laboratory applications, medium-term human applications and longer-term human solid organ applications in the exciting emerging field of regenerative medicine.
So, to bring this full circle, let me end by saying how very proud I am of our team's performance in the first quarter of the year as we continue to execute on our four-phase plan that we launched last summer. More than ever, I believe that additive manufacturing will play a key role in transforming the way components can be designed and manufactured for critical applications ranging from complex space systems to the human body. With our extensive portfolio of additive manufacturing systems, material science, software and domain expertise, 3D Systems is uniquely positioned to help our customers benefit from this transformation.
With that, let me turn the call over to Jagtar, who'll now describe our first quarter results in more detail. Jagtar?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Thanks, Jeff. Good morning, everyone. For the first quarter, we reported revenue of $146.1 million, an increase of 7.7% compared to the first quarter of 2020. Our organic revenue growth, which excludes businesses divested in 2020 and 2021 was 16.6% in Q1 2021 versus Q1 2020. We experienced strong product revenues across the portfolio, including printers, both plastics and metals, materials and software. We believe this growth emphasizes the strategic nature of our portfolio breadth and validates our solution strategy.
We reported a GAAP income of $0.36 per share in the first quarter of 2021 compared to a GAAP loss of $0.17 in the first quarter of 2020. Driving this improvement was a $32.9 million gain from the sale of the Cimatron and GibbsCAM software business as well as a tax benefit of $8.9 million as a result of the favorable ruling from the IRS regarding a FIN 48 reserve.
Turning to non-GAAP results. We reported non-GAAP income of $0.17 per share in the first quarter of 2021 compared to a non-GAAP loss of $0.04 per share in the first quarter of 2020. The exceptional non-GAAP result reflects our strong revenue growth combined with the restructuring and cost optimization activities that we have previously announced.
Now, we will discuss revenue by market. Our Healthcare business had a strong quarter with revenue growing 38.7% year-over-year. This growth was fueled by an increase in hardware and material sales in our dental business. The large hardware volume, like we saw in Q1, may fluctuate on a quarterly basis, but drives the recurring higher margin material and services revenue, which is a focus of our long-term financial goals. Excluding dental applications, revenue for medical applications grew by 9% as we continue to see increased demand for personalized health services and advanced manufacturing of medical devices. We recently announced a planned expansion in Denver, Colorado that is intended in part to support the future growth of this business.
Revenue in our Industrial segment, when we exclude the businesses divested in 2020 and 2021, was up approximately 1% year-over-year as compared to year-over-year declines in prior periods. The revenue trend turnaround in our Industrial segment was across our sub-segments such as jewelry and automotive with no single segment driving the results. This is a reflection of global economies continuing to recover, albeit at an inconsistent pace from the pandemic-related shutdowns.
We expect this inconsistency to continue in 2021. So while we see a path to full-year double-digit organic revenue growth in our core business, excluding businesses divested in 2020 and 2021, macroeconomic risks such as further COVID-19 impacts, inflation concerns and supply chain shortages in certain critical components like semiconductor chips, continue to create uncertainty.
Now, we turn to gross margin. Let me start my commentary on gross margin with a statement on our presentation. During the first quarter of 2021, we identified certain costs that have historically been shown as cost of products that actually relate to cost of services. Our reported gross profit margins reflect an update to properly present these costs. While this resulted in a small movement of cost between products and services, the change not affects our gross profit, bottom line results, consolidated balance sheets or statement of cash flow.
For Q1 2021, we reported gross profit margin of 44% in the first quarter of 2021 compared to 42.1% in the first quarter of 2020. Non-GAAP gross profit margin was 44% compared to 42.7% in the same period last year. Gross profit increased year-over-year as a result of higher sales volume mix, including software sales and the impact of our cost reduction activities. We are quite pleased with our improved margin performance in Q1, especially when you consider that we divested a relatively high gross margin software business at the beginning of the year. In our lastearnings call we said we expect non-GAAP gross profit margins in the range of 40% to 44% for 2021. We continue to expect to be in that range on a full-year basis.
Operating expenses for the quarter were 66.2% on a GAAP basis, a decrease of 12.1% compared to the first quarter of 2020, including a 11.6% decrease in SG&A expenses and a 13.7% decrease in R&D expenses. Our non-GAAP operating expenses in the first quarter were $51.2 million, an 18.7% decrease from the first quarter of the prior year as we saw the benefits from our restructuring efforts as well as the impact of divested businesses. The primary differences between GAAP and non-GAAP operating expenses are $13.4 million in amortization of intangibles and stock-based compensation.
Continuing the theme of year-over-year improvement, adjusted EBITDA, defined as non-GAAP operating profit plus depreciation, was $19.8 million or $13.6% of revenue compared to $2.2 million or 1.6% of revenue in the first quarter of 2020. The improvement is due to stronger gross margins as well as the results from our restructuring efforts. We are very pleased with the trend of our EBITDA margins over the past several quarters. Driving improvements to margins, adjusted EBITDA and revenue growth is the impetus behind targeted acquisitions like Additive Works and Allevi. While they will not be material to 2021 results, these and future acquisitions will be a key component of our long-term strategy to reach double-digit revenue growth, gross profit margins of 50% and adjusted EBITDA margins of 20%.
Now, let's turn to the cash flow statement and balance sheet. Cash on hand increased $48.2 million during the first quarter. This increase was primarily driven by the net proceeds from divestitures of $54.7 million and cash generated from operations of $28.5 million, offset by a debt repayment of $21.4 million and other financing and investing uses of cash, including capital expenditures. Note that our cash from operations of $28.5 million included the use of approximately $6.6 million of cash for withholding taxes related to the Cimatron sale. When factoring together, it is of note that we have substantially improved cash from operations compared to the $2.3 million of cash used in operations in Q1 2020. We ended the quarter with a strengthened balance sheet with $133 million of cash and cash equivalents, no debt and nearly full capacity on our $100 million undrawn revolving credit facility.
As I end my prepared remarks, I would like to make a final comment about the quarter. We have made a very strong turnaround from this time last year. 3D Systems is now growing profitably, generating cash and maintaining available liquidity. Our combination of growth and profitability is unique to our industry and positions us well to continue to invest in high growth areas that will support our long-term financial goals. Our solid financial profile makes us the partner-of-choice for customers that are considering as solutions provider for their most critical manufacturing processes. We are excited about the opportunity for our business and our plans to deliver against our long-term objectives.
To continue to provide more detail to the investment community on our strategy, we plan to hold an Investor Day in the Denver, Colorado area on September 9. We'll provide more details as we get closer to the event.
With that, I'll turn the call back to Jeff. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Jagtar. Again, I just want to say how pleased I am with our results and our return to year-over-year growth, our continued profitability improvements, the strength of our balance sheet and our strong cash generation performance. With intentional action taken on our four-phased plan, we're reinforcing our leadership in this exciting industry. We plan to continue looking for opportunities to optimize our resources, divesting or investing as needed to support sustained exciting growth and profitability.
We'll now take your questions. Kevin, let's open it up.
Questions and Answers:
Operator
Thank you. [Operator Instructions] Our first question today is coming from Greg Palm from Craig-Hallum. Your line is now live.
Danny Eggerichs -- Craig-Hallum -- Analyst
Hey, guys. This is actually Danny Eggerichs on for Greg today. Thanks for taking the questions. And congrats on the good results.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Danny.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Thanks, Danny.
Danny Eggerichs -- Craig-Hallum -- Analyst
Obviously healthcare was really good. I think you mentioned some outsized growth in dental. Maybe just in terms of mix there, was this maybe -- you said they're both strong -- was this may be driven by better growth in printer sales or maybe materials and how should we look at that going forward?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yeah. Danny, this is Jagtar. Good morning. So we did have very strong printer sales in the quarter. I think I mentioned that in my prepared remarks. We expect that to drive sort of the future consumable services revenue that gives high profit for us. But -- so we were pleased with the high printer sales. But we saw increases in both printers and materials, printers was a little bit stronger.
Danny Eggerichs -- Craig-Hallum -- Analyst
Got it. And then, maybe, if I could just get a quick one on maybe supply chain shortages. We've seen kind of semi-chips and maybe even some resin shortage. What kind of impacts are you seeing there?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. Danny, good question. We get out in front of it early. With the headlines has 2020 closed, we anticipated and get out in front of it early. But, yeah, there's no doubt, it took a lot of work this quarter to keep it from hitting us financially. So, we didn't let any customers down. We shipped everything that customers wanted to take in the quarter, but it was a lot of work, Danny. And we think it is a risk going forward, just availability, supply chain, logistics, you read about semiconductor chips, but really there is a lot of components that go into printers that are in fairly short supply. So, it takes a lot of effort to stay on top of it and we're working real hard at it.
Danny Eggerichs -- Craig-Hallum -- Analyst
Got it. I'll jump back in the queue for now. Thanks for taking the questions.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Danny.
Operator
Thank you. Our next question today is coming from Sarkis Sherbetchyan from B. Riley FBR. Your line is now live.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Hey. Thank you for taking my questions here. Just wanted to see if you can provide an update on the cost restructuring initiatives. You know how much is left to go in the savings program. I think, last quarter you mentioned achieving a $60 million run rate cost savings. So just wanted to get a sense for where we stand today, how much is left to go and what's the timetable?
Jeffrey A. Graves -- Chief Executive Officer and President
Well, we're right on track with where we thought we would be this year in terms of our cost takeout efforts. So, what we said was, with the divestitures, we would get another -- with the divestitures having occurred right at the end of the year and beginning of this year, the target now this year was a $20 million incremental cost takeout. We're on track with that. It's going very well. The balance there is looking at investments for growth because the market is rebounding. We're very pleased with the number of new applications. Customers want to pursue right now on both the metals and plastics side. So, we are funding that growth.
And so, in terms of seeing -- what you're seeing flow through this year is a net of those two factors. We'll get $20 million out of our cost structure and we'll look to reinvest some or potentially all our savings back into the cost structure to fuel growth. But you should see it -- you should see a nice response in terms of revenue growth, margin performance. That's really the trade-off that we're making there.
So, Jagtar, you have any more light you want to put on that?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
No. I think you captured it well, Jeff. I think we are getting the $20 million out this year. I would expect opex going through the course of the year, that will be the next question to be in line or marginally up with where we were in Q1 as we balance taking cost out with the initial investment for the opportunities we're seeing in the market.
Jeffrey A. Graves -- Chief Executive Officer and President
I was very glad that we got the $60 million out last year and got everything restructured because it really positioned us well as the market rebounds now to leverage that reduced cost structure. And now it's really a horse race between taking further cost out of the business and investing for growth. We are determined to grow profitably. So we're not going to overspend on that and get out in front of our skis. But we certainly are going to support the strong markets that we see right now ahead of us.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Fantastic. Just one follow-up, a quick one. I think the Healthcare business is pretty obvious performing pretty nicely there. Just any comments or color you can provide on the Industrial side? Which end markets do you think there is a nice growth opportunity here in the near-term to intermediate-term? And then, which might be giving you some trouble? Thank you.
Jeffrey A. Graves -- Chief Executive Officer and President
It's really interesting. You can go through each market vertical. And in automotive, clearly ignoring the semiconductor issues they have as a total industry, there is clearly kind of a megatrend headed toward electric vehicles. So, we're really pleased with our exposure there and where that's going. It's a smaller business today, but clearly from everything you read it and you can tell publicly it's a growing market, a growing business. And the light-weighting and strengthening of those cars, we think, is real. And the stories we hear back from customers about their utilization of additive is really encouraging for that.
Aerospace clearly has lags. It was really impacted by COVID. It's nice to see more people flying now as the US at least opens up. So, you would expect aerospace to lag, but be a driver in the next couple of years. Interestingly, applications related to heat flow, heat management, thermal management are really exciting. And I'd say [Phonetic] broadly like that because there's a lot of applications for managing heat.
When you think of data centers, how do you eliminate the heat? One of the major expenditures any developed country has for energy usage is in data center cooling. And it just shows you the impact in magnitude of heat generated there and how dissipated is a real issue, additive manufacturing is great at that. And when you carry it down to a system level, things that are very temperature sensitive, so I'll give you two extremes; one is rocket, rocket travel, space travel with rockets. You see that competition heating up now in the commercial realm, which is really exciting, between a number of public companies getting into the space race, getting into commercial space travel. Space travel is enabled very nicely by additive manufacturing, propulsion and the systems themselves.
And then another exciting application we're finding a range of applications in is semiconductor chip manufacturing. When you start controlling stereo lithography and other activities to make modern semiconductor chips, control of the thermal environment, the temperature environment in a system, is incredibly important. And the structures you can make with additive at very effective costs are remarkable -- absolutely remarkable. So, we've been very pleased with the interest level and the growth in the business of the semiconductor equipment manufacturers. So I can go on and on. But those are several that we think will both lead and trail in the opening economy.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Thank you.
Jeffrey A. Graves -- Chief Executive Officer and President
You're welcome.
Operator
Thank you. Our next question today is coming from Noelle Dilts from Stifel. Your line is now live.
Noelle Dilts -- Stifel -- Analyst
Hi, guys. Good morning and congrats on a good quarter.
Jeffrey A. Graves -- Chief Executive Officer and President
Good morning, Noelle.
Noelle Dilts -- Stifel -- Analyst
I was hoping that you could expand a little bit on some of your bioprinting initiatives and you spoke to some of the opportunities in the near-term around, cosmetics and I think printing on slides. Could you speak to how to think about the monetization of this over the next few years. When you think it could become contributory, I mean, how to think about kind of the longer-term -- how are you thinking about the longer-term ramp of that side of the business mix?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Noelle. So, it's a great question. For an emerging industry, it's always tricky to predict the timing. And again, I don't want to be too aggressive in telling stories. But I got to tell you, I am so excited about the progress that we've made technically and the way the markets are evolving. Clearly we started on the very long-term end of things and that's our engagement with United Therapeutics on the printing of human organs. That's a long-term effort that will be measured in years, not quarters. But doing that and setting that high bar really got us involved in progressing the technology. And as we did that, we started opening up near-term markets.
So, other parts, it sounds funny to even talk about it. Other parts of the human body that you can print with bioprinting and get into application. When you think about it, everyone's body is unique, everyone's body, arteries, veins, muscles, tissues, bones. And so, it generically lends itself to additive manufacturing where you print things that are specialized for each human body. So, we were very happy as we enter '21 to say, hey, let's broaden our scope and go for some near-term applications, which might be measured in fewer years, OK, to get into.
So, all of those are funded. That effort is all funded internally. And I would tell you, we model a nice return on investment, but it's still measured in years to get fully FDA qualified and all of that. Progress is remarkable, but it still takes a lot of time. So with that, we said, well, how do we run further and faster in shorter term and you look at the laboratory applications and then the Allevi acquisition came along as an opportunity for us. We're able today to print three-dimensional tissue specimens in the lab for -- first of all, for basic studies of regenerative medicine. And that's fine. That's needed to progress the science.
But I would tell you, Noelle, what I'm really excited about are the applications in the pharmaceutical industry because the testing of drugs and other skin therapies and treatments is really high [Phonetic], an enormous amount of computer simulation and then animal testing. And then, they very, very carefully go into real human testing. The regenerative medicine approach bioprinting gives you an opportunity to really test the effects on human tissue but in a lab setting.
And I would tell you, Noelle, I believe that can be an exciting near-term market for us. It's -- through Allevi, we're now exposed to hundreds of research laboratories around the world. We can take the technology we've developed for organs and other human applications and refine it to apply it for laboratory settings leveraging what Allevi has done in their customer base. So, I would tell you, I think the pharmaceutical industry and things like cosmetics and other skincare, I think that could very well be a revenue stream for us that's certainly measurable next year and can contribute in the long-term to the business substantially. It can be an enormous business for us. And it will be for someone. And I feel good about our leadership role in that today it's nascent, it's evolving and we want to be on front of making it happen.
Operator
Thank you. In the interest of time, I'd like to remind everyone to please limit themselves to one question then return to the queue. Our next question today is coming from David Mizrahi from Berenberg. Your line is now live.
David Mizrahi -- Berenberg -- Analyst
Hey, guys. You guided to capex of greater than $300 million this year, while last year is a tract [Phonetic] roughly $150 million. And part of this is going to support new factory in Poland. Could you just discuss the implications for you guys or any conversations you've had? And I'll jump back in the queue. Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
No, we really can't. I would love to tell you about the conversations we have with individual customers, but we just can't go there. I love our customer base and we have a terrific customer base and some very long-term customers that have done very well in their industry. But we just can't talk about them.
It's too sensitive to them, as much as I would love to talk about it ourselves, so we just can't do that. But we're excited. I mean, clearly in medical in total is growing really nicely for us across the range of big named healthcare companies and end markets, end-users like surgeons. Same with dental, it's an exciting business and a dynamic business and it is broader than you might think and it's going very, very well. But I just, David, can't really comment on individual customers, I'm sorry.
Operator
Thanks. Our next question today is coming from Paul Coster from JPMorgan. Your line is now live.
Paul Chang -- JPMorgan -- Analyst
Hi. This is Paul Chang on for Coster. Thanks for taking my question. So, I see that you're splitting out Healthcare and Industrial by operating profit in the 10-Q. Will you be kind of providing the historical data and how should we be thinking about the margin performance between the segments moving forward? There's kind of quite a discrepancy today.
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. Paul, unfortunately we won't be providing historical data. So, to provide that operating segment data, we, as you know, made a substantial restructuring of our business last year into these two verticals, Healthcare and Industrial, that required a pretty substantial rewiring of our financial systems to be able to now report by segment down from -- not just revenue but down to operating profit, Healthcare and Industrial. We did that on a prospective basis, not a previous year basis. So, we don't have the ability other than kind of Excel Spreadsheets to report historical results going into 2022, we'll have 2021 results. So you'll be able to see year-over-year impact. So that's our plan going forward.
Paul Chang -- JPMorgan -- Analyst
And how does that margin performance evolve kind of through the year and into '22 and getting to your goals -- longer-term goals? Thank you.
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. I would expect that if you look at our business in totality, I think, as we look at our EBITDA margins for the year, right, I would expect just looking at kind of where consensus revenue guidance is right now, right. If I take consensus revenue guidance for the balance of the year, I apply the midpoint of our gross margin guidance range of 44%. And I'd say, opex will be about where we were in Q1, maybe marginally up from the investments that we're making. I think that gets us to low-double-digit adjusted EBITDA margins. And I think that'll be roughly split between Healthcare and Industrial the way you saw in Q1.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Paul, I would just add, in terms of our long-term financial model for the company, we certainly see healthcare, healthcare has got a great future to it. And it lends itself to kind of what's called mass customization through additive quite effectively both on the implant side and on the dental side really, really well. And it generally is growing faster and carries a higher margin. So, in terms of supporting our long-term financial objectives, you can see the mix between the businesses that we would expect that trend to continue. And that kind of supports -- when you extend out, that kind of supports our longer range targets. And we'll be talking more about that at our Investor Day in September.
Operator
Thank you. Our next question is coming from Brian Drab from William Blair. Your line is now live.
Brian Drab -- William Blair -- Analyst
Hi. Good morning. Thanks for taking my questions or question, I should say. And I'm sorry, I'm looking into two calls simultaneously. So I'm sorry if you addressed this, but are you hearing anything from your largest customer in terms of their planned capacity expansions and the requirements of 3D Systems in 2021? Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah, Brian. Again, we don't want to talk about individual customers, they really don't allow us to, they don't want us to. But I would tell you, we're very intimate with a number of our large customers. And I think we understand their growth plans themselves and what they would like us to be doing in investing for and we're excited about that. So, across the board, I think all the guys we support are growing nicely and have exciting plans. And I expect us, if we execute our business well, to be a key part of it.
Brian Drab -- William Blair -- Analyst
Okay. Thank you.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Brian.
Operator
Thank you. Our next question today is coming from Wamsi Mohan from Bank of America Securities. Your line is now live. Wamsi, you are on mute.
Wamsi Mohan -- Bank of America Securities -- Analyst
Hi. Good morning. Sorry, thanks for that. Thanks for taking my question. Jeff, you mentioned that you were excited about the reopening of the economy and the impact to your business. How should we think about seasonality from here as we go through the course of the year? I know, Jagtar, you addressed sort of the opex side of it, but just from a revenue perspective, given the reopening and easy comps especially next quarter, any color around how we should think about the revenue trajectory? And just a quick clarification. On the reclass of the segments historically, you just gave us Q1 of '20 numbers on a restated basis, so why you're not able to give us the other quarters for 2020? Thank you.
Jeffrey A. Graves -- Chief Executive Officer and President
Let me take the reopening question there, Wamsi. And I'll let Jagtar to answer the second question you had. In terms of revenue and expectations, it is the big question. The struggle -- we have two struggles, number one, the World is much different in different locations in terms of rate of opening. US is good systematic opening, we see -- it's kind of becoming predictable now, see customers behaving that way and ramping up their current capacity, planning for new investments all of that.
And then you've got Europe, on the extreme side, India -- where Europe is really not opening quickly to put it that way. And then India is kind of ahead of the other way, you see in these tragic headlines out of India. So -- and we do some business in India. So, you have to net it all out to look at revenue performance. I want to be very careful in Q2, again I'm really pleased with the demand profile we see out there and it's more of a pacing item, how fast can we -- how fast our customers comfortable placing purchase orders and ramping up their capacity.
In the US, I'd tell you, very confident, things look really good. Europe is much more of a flip of the coin. And then places like India are still going backwards. So it's tough. And I think that should clear up nicely in the second half of the year. But predicting Q2 is a little hard, which is why we're not giving guidance, but I gave a guidance out there.
On top of it, you have logistics and these short-term -- I think short-term supply constraints. And we're managing our way through that fine. But it's a week-to-week, month-to-month foot race to make sure we have all the components we needed to build product and ship it. It's going well, but we just have to -- it just remains a risk factor for us going forward. So, the hardest thing frankly to predict right now is the short-term. Long-term -- and Jagtar reviewed cost structure that's pretty easy to predict. But the longer-term or the short-term outlook on revenue is a little bit trickier, it's more full in noise.
Jagtar, you want to take the second half?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yeah, I'll address the question, I think, Wamsi had was on our segment revenue reporting. So, we did disclose obviously, as you know, Q1 Healthcare versus Industrial. We do have the ability to do that for other quarters. When I was addressing on that prior question was operating profit, but revenue, we certainly have and we can make that available post thisearnings call
Wamsi Mohan -- Bank of America Securities -- Analyst
Okay. Thank you.
Operator
Thank you. Next question today is coming from Ananda Baruah from Loop Capital Markets. Your line is now live.
Ananda Baruah -- Loop Capital Markets -- Analyst
Hey. Thanks, guys. Good morning. Thank you for taking the question. Congrats on a solid execution. Hey, just real quick, how should we think about opportunity for divestitures going forward and then cash use now that's starting to collect? Thanks. That's it from me.
Jeffrey A. Graves -- Chief Executive Officer and President
Great questions. It's clearly -- we started down this path on divestitures having defined the purpose of the company. We looked at what's outside of that envelope and we did -- we felt great. We did a couple of them very late last year, right, as we rounded the curve into 2021. That work is still ongoing. We're still considering what is -- what do we want to hang on to, what do we want to divest, what fits within that core package. I don't really want to talk more about it, because it's obviously a very sensitive topic. But, yeah, we're not finished and we continue to work on that. You'll hear more about it in the coming months and quarters.
In terms of what we're going to do with the cash, I feel great. We've got nice cash on the balance sheet. We're generating good operating cash flow. We've got no debt. I feel really good about our investment opportunities now and they should continue to expand. In terms of priorities, clearly we're now on the hunt for smart investments across our business. So, it could be technology investments like we did last quarter that make printing more efficient or move us into a new market with regenerative medicine, that was an example. Now I would love to do more in healthcare, would love to do more, some more in our core technologies, although I have to tell you, we're in really good shape organically on that as well.
So, I love the Additive Works addition from a software standpoint. It was incremental to what we had the capability to do internally, which was great. Those are the kinds of opportunities we look at. They are small-ish nichey kind of technology opportunities that really don't shift the needle in a given year materially, but they make a huge difference in the long-term. So they open up new markets, they bring new technology. So we'll continue to look for those. And fairly aggressively, I would tell you, there is no lack of opportunities. You just have to look at getting a good return on the investment for our shareholders.
Ananda Baruah -- Loop Capital Markets -- Analyst
Thanks a lot.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
I'll just add a little bit more color on top of the potential use of cash M&A, as Jeff mentioned, and technology investments. I would also say, you'll see increased use for capex. I think our capex has been light for the last year now. We'll be increasing capex as we make investments in our business.
We talked about the expansion in Denver, that and other areas of investment will get capex up closer to the 4%, 5% of revenue that we talked about in the lastearnings call We still have some cash for restructuring activities as we continue to restructure our business and reduce costs. And then finally, I'd also say, we'll probably have some inventory builds going into Q2 and maybe later this year, right. We are seeing increasing demand. We talked about supply chain concerns and wanted to make sure that we had sort of adequate product or components to meeting demand. So we will probably be investing in inventory through the balance of the year.
Ananda Baruah -- Loop Capital Markets -- Analyst
Thanks, guys. Super helpful.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks.
Operator
Thank you. [Operating Instructions] Our next question is coming from Troy Jensen from Lake Street Capital. Your line is now live.
Troy Jensen -- Lake Street Capital -- Analyst
Yeah. Gentlemen, congrats on the nice results.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Troy.
Troy Jensen -- Lake Street Capital -- Analyst
Hey, Jeff, just quick for you. I guess one new trend we've seen is high temperature DLP. As you think of Stratasys -- excuse me on 3D Systems when it comes to SLA and DLP technologies, could you just remind us -- update us on what your strategy is to do more in high temp DLP or maybe you have an adjusted number of it?
Jeffrey A. Graves -- Chief Executive Officer and President
Well, number one, Troy, we've really increased our investment internally on new materials for both SLA and DLP. We were playing a bit of catch-up there and we've got some really exciting materials coming out this year, actually quite a lot. So, in terms of developing new materials for our current platforms and our next-generation platform, which we haven't talked about yet, but that will be coming soon, we want to make sure the materials pipeline is really strong. It's really hard to start getting the payback on those platforms as you know from your experience. It's really hard to get the payback on the platforms until you have good materials flow through it, plus customer adoption has helped tremendously by having a good portfolio of materials. So, we're trying to get out in front of the materials question on those and we then have some next-generation platforms coming along and we'll talk more about in the Fall.
Troy Jensen -- Lake Street Capital -- Analyst
If I can piggyback a follow-up just on the trend of materials, how about composites displacing metals? Are you doing a lot more -- can we expect to see more composite materials from you?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. I think, Troy, I think composites have a really nice role to play. And we're looking at it from a number of angles, both the material systems themselves and obviously the combination of matrix and fiber and what you do there as well as the printing technology, just the printing hardware. How do you print? How do you best print composite structures? There's a lot of exciting work going on. And so, we can progress some of it internally, some of what we're looking out through partnerships and acquisitions, but I think you put your finger on it. There is a really nice evolving niche between classical polymer technology and metals technology for lightweight strong stiff materials of composite. So, it won't be a factor and we're excited about it.
Troy Jensen -- Lake Street Capital -- Analyst
All right. Well, good luck, gentlemen.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Troy.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Thanks, Troy.
Operator
Thank you. We've reached end of our question-and-answer session. I'd like to turn the floor back over to John Nypaver for any further or closing comments.
John Nypaver -- Vice President, Treasurer and Investor Relations
Thank you for joining us today and for your continued support of 3D Systems. A replay of this webcast will be available after the call on the Investor Relations section of our website. Have a good day.
Operator
[Operator Closing Remarks]
Duration: 37 minutes
Call participants:
John Nypaver -- Vice President, Treasurer and Investor Relations
Jeffrey A. Graves -- Chief Executive Officer and President
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Danny Eggerichs -- Craig-Hallum -- Analyst
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Noelle Dilts -- Stifel -- Analyst
David Mizrahi -- Berenberg -- Analyst
Paul Chang -- JPMorgan -- Analyst
Brian Drab -- William Blair -- Analyst
Wamsi Mohan -- Bank of America Securities -- Analyst
Ananda Baruah -- Loop Capital Markets -- Analyst
Troy Jensen -- Lake Street Capital -- Analyst
More DDD analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corp (NYSE: DDD) Q1 2021 Earnings Call May 11, 2021, 8:30 a.m. Operator [Operator Closing Remarks] Duration: 37 minutes Call participants: John Nypaver -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Danny Eggerichs -- Craig-Hallum -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Noelle Dilts -- Stifel -- Analyst David Mizrahi -- Berenberg -- Analyst Paul Chang -- JPMorgan -- Analyst Brian Drab -- William Blair -- Analyst Wamsi Mohan -- Bank of America Securities -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Troy Jensen -- Lake Street Capital -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Third, as one of the largest and most experienced companies in the industry, we have the scale and the infrastructure to not only support our customer's needs when they initially implement additive manufacturing, but also sustain them over the lifetime of their equipment by providing key services and consumables that are vital to their ongoing business success.
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Operator [Operator Closing Remarks] Duration: 37 minutes Call participants: John Nypaver -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Danny Eggerichs -- Craig-Hallum -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Noelle Dilts -- Stifel -- Analyst David Mizrahi -- Berenberg -- Analyst Paul Chang -- JPMorgan -- Analyst Brian Drab -- William Blair -- Analyst Wamsi Mohan -- Bank of America Securities -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Troy Jensen -- Lake Street Capital -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corp (NYSE: DDD) Q1 2021 Earnings Call May 11, 2021, 8:30 a.m. When viewed in totality, with the Allevi acquisition completed last week, we're now well positioned across a broad market spectrum ranging from near-term laboratory applications, medium-term human applications and longer-term human solid organ applications in the exciting emerging field of regenerative medicine.
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Operator [Operator Closing Remarks] Duration: 37 minutes Call participants: John Nypaver -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Danny Eggerichs -- Craig-Hallum -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Noelle Dilts -- Stifel -- Analyst David Mizrahi -- Berenberg -- Analyst Paul Chang -- JPMorgan -- Analyst Brian Drab -- William Blair -- Analyst Wamsi Mohan -- Bank of America Securities -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Troy Jensen -- Lake Street Capital -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corp (NYSE: DDD) Q1 2021 Earnings Call May 11, 2021, 8:30 a.m. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 37 minutes Call participants: John Nypaver -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Danny Eggerichs -- Craig-Hallum -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Noelle Dilts -- Stifel -- Analyst David Mizrahi -- Berenberg -- Analyst Paul Chang -- JPMorgan -- Analyst Brian Drab -- William Blair -- Analyst Wamsi Mohan -- Bank of America Securities -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Troy Jensen -- Lake Street Capital -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corp (NYSE: DDD) Q1 2021 Earnings Call May 11, 2021, 8:30 a.m. I think we are getting the $20 million out this year.
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Why 3D Systems Stock Just Rocketed 24.5%
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https://www.nasdaq.com/articles/why-3d-systems-stock-just-rocketed-24.5-2021-05-11
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What happened
Shares of 3D Systems (NYSE: DDD) stock are rocking 24.5% higher as of 11:15 a.m. EDT Tuesday, one day after the 3D printing machine maker reported blockbuster earnings for its fiscal first quarter of 2021.
Analysts had forecast that 3D would earn only $0.02 per share (pro forma) on sales of $136.6 million in the quarter. Instead, 3D reported $0.17 per share pro forma, and on sales of $146.1 million, beating on both the top and bottom lines.
Image source: Getty Images.
So what
And this news only gets better. 3D Systems sales, according to generally accepted accounting principles (GAAP) grew 7.7% year over year, but if you exclude sales from businesses divested in 3D's restructuring, to focus on its core strengths, those core businesses grew revenue 16.6% -- twice as fast as the headline revenue growth.
Best of all? When calculated according GAAP, instead of pro forma, 3D Systems recorded net income of $0.36 per share for the quarter, twice its headline profit.
Now what
Management did not provide specific guidance on what investors should expect in Q2, or for the year. However, commenting on the results, 3D CEO Jeffrey Graves boasted that 3D's "combination of strong top line growth, profitability, and cash generation distinguishes us in our industry," and predicted that as time goes on, the company will approach its goal of "sustained double-digit revenue growth, 50% gross profit margins and 20% adjusted-EBITDA margins."
As for Wall Street's analysts, they're still predicting less than $579 million in sales, and only $0.21 per share in pro forma profits this year. Seeing as 3D just delivered 81% of those expected profits in just Q1 alone, though, I think it's a safe bet that 3D will beat those predictions.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD) stock are rocking 24.5% higher as of 11:15 a.m. EDT Tuesday, one day after the 3D printing machine maker reported blockbuster earnings for its fiscal first quarter of 2021. When calculated according GAAP, instead of pro forma, 3D Systems recorded net income of $0.36 per share for the quarter, twice its headline profit. However, commenting on the results, 3D CEO Jeffrey Graves boasted that 3D's "combination of strong top line growth, profitability, and cash generation distinguishes us in our industry," and predicted that as time goes on, the company will approach its goal of "sustained double-digit revenue growth, 50% gross profit margins and 20% adjusted-EBITDA margins."
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What happened Shares of 3D Systems (NYSE: DDD) stock are rocking 24.5% higher as of 11:15 a.m. EDT Tuesday, one day after the 3D printing machine maker reported blockbuster earnings for its fiscal first quarter of 2021. Instead, 3D reported $0.17 per share pro forma, and on sales of $146.1 million, beating on both the top and bottom lines. However, commenting on the results, 3D CEO Jeffrey Graves boasted that 3D's "combination of strong top line growth, profitability, and cash generation distinguishes us in our industry," and predicted that as time goes on, the company will approach its goal of "sustained double-digit revenue growth, 50% gross profit margins and 20% adjusted-EBITDA margins."
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What happened Shares of 3D Systems (NYSE: DDD) stock are rocking 24.5% higher as of 11:15 a.m. EDT Tuesday, one day after the 3D printing machine maker reported blockbuster earnings for its fiscal first quarter of 2021. 3D Systems sales, according to generally accepted accounting principles (GAAP) grew 7.7% year over year, but if you exclude sales from businesses divested in 3D's restructuring, to focus on its core strengths, those core businesses grew revenue 16.6% -- twice as fast as the headline revenue growth. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of 3D Systems (NYSE: DDD) stock are rocking 24.5% higher as of 11:15 a.m. EDT Tuesday, one day after the 3D printing machine maker reported blockbuster earnings for its fiscal first quarter of 2021. Instead, 3D reported $0.17 per share pro forma, and on sales of $146.1 million, beating on both the top and bottom lines. As for Wall Street's analysts, they're still predicting less than $579 million in sales, and only $0.21 per share in pro forma profits this year.
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DDD Stock: 10 Reasons Why Shares of 3D Systems Are Flying Today
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https://www.nasdaq.com/articles/ddd-stock%3A-10-reasons-why-shares-of-3d-systems-are-flying-today-2021-05-11
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
3D Systems (NYSE:DDD) stock is on the rise Tuesday and we’re taking a look at what has investors so excited.
Source: Shutterstock
The good news for DDD stock today comes from its earnings report for the first quarter of 2021. We’re diving into some highlights from that report below.
The report starts off strong with adjusted earnings per share of 17 cents for the quarter.
That easily blows past Wall Street’s estimate of 2 cents in Q1.
On top of that, it’s well above the per-share loss of 4 cents from the same time last year.
The good news for DDD stock keeps coming with Q1 revenue of $146.1 million.
That sounds beats out analysts’ estimate of $136.63 million for the period.
It’s also a solid gain compared to revenue of $135.6 million from the first quarter of 2020.
Another positive from the earnings report is a net income of $45.2 million.
This is a switch from 3D Systems’ net loss of $18.9 million from the same period of the year prior.
Operating loss for the quarter comes in at $2 million.
That’s much narrower than the company’s operating loss of $18.2 million reported in Q1 2020.
10 Ideal Dividend Stocks for Your Retirement
Dr. Jeffrey Graves, president and CEO of 3D Systems, said this about the results boosting DDD stock up today.
“We delivered almost 8% year-over-year revenue growth despite divestments of non-core businesses in 2020 and 2021. When we exclude the revenue from these divested businesses, organic revenue grew nearly 17%. Our Healthcare business continues to deliver exceptional growth, posting a 39% year-over-year increase, with strength in both dental and medical applications.”
DDD stock is also seeing heavy trading on today’s news. As of this writing, more than 30 million shares of the stock have changed hands. That’s quite the jump from its daily average trading volume of 4.2 million shares.
DDD stock was up 22.6% as of Tuesday morning and is up 108.1% since the start of the year.
If you’re looking for other earnings news for today, you’re at the right place.
We’re knee-deep in earnings season and InvestorPlace is keeping up with the biggest reports. That includes those from Palantir (NYSE:PLTR), Marathon Digital (NASDAQ:MARA), and Workhorse (NASDQ:WKHS). Get up to speed on those earnings reports at the links below.
More Earnings News
PLTR Stock: 5 Things to Know About Palantir Tuesday as Shares Rise
MARA Stock: 9 Things to Know About Crypto Mining Play Marathon Digital as Shares Slide
WKHS Stock: Why EV Play Workhorse Is Driving Lower Today
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post DDD Stock: 10 Reasons Why Shares of 3D Systems Are Flying Today appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Source: Shutterstock The good news for DDD stock today comes from its earnings report for the first quarter of 2021. Our Healthcare business continues to deliver exceptional growth, posting a 39% year-over-year increase, with strength in both dental and medical applications.” DDD stock is also seeing heavy trading on today’s news. InvestorPlace - Stock Market News, Stock Advice & Trading Tips 3D Systems (NYSE:DDD) stock is on the rise Tuesday and we’re taking a look at what has investors so excited.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips 3D Systems (NYSE:DDD) stock is on the rise Tuesday and we’re taking a look at what has investors so excited. Source: Shutterstock The good news for DDD stock today comes from its earnings report for the first quarter of 2021. The good news for DDD stock keeps coming with Q1 revenue of $146.1 million.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips 3D Systems (NYSE:DDD) stock is on the rise Tuesday and we’re taking a look at what has investors so excited. Source: Shutterstock The good news for DDD stock today comes from its earnings report for the first quarter of 2021. The good news for DDD stock keeps coming with Q1 revenue of $146.1 million.
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Source: Shutterstock The good news for DDD stock today comes from its earnings report for the first quarter of 2021. The good news for DDD stock keeps coming with Q1 revenue of $146.1 million. The post DDD Stock: 10 Reasons Why Shares of 3D Systems Are Flying Today appeared first on InvestorPlace.
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716632.0
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2021-05-11 00:00:00 UTC
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Technology Sector Update for 05/11/2021: DDD, RPAY, PLTR
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-05-11-2021%3A-ddd-rpay-pltr-2021-05-11
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Technology stocks were declining before the opening bell on Tuesday. The Technology Select Sector SPDR ETF (XLK) was down more than 2% and the Semiconductor Sector Index Fund (SOXX) was nearly 3% lower recently.
In company news, 3D Systems (DDD) was 9% higher after it swung to non-GAAP earnings of $0.17 per share from a loss of $0.04 per share a year ago. It also reported revenue of $146.1 million, up from $135.6 million a year earlier.
Palantir Technologies (PLTR) was down by almost 10% after it posted Q1 adjusted earnings of $0.04 per share, reversing last year's adjusted loss of $0.01 per share. The software company also generated revenue of $341.2 million, up from $229.3 million a year ago.
Repay Holdings (RPAY) was up by 0.53% after it reported better-than-expected Q1 results. The company also increased its full-year outlook and struck a deal to acquire omni-channel payments provider BillingTree for approximately $503 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, 3D Systems (DDD) was 9% higher after it swung to non-GAAP earnings of $0.17 per share from a loss of $0.04 per share a year ago. Technology stocks were declining before the opening bell on Tuesday. Repay Holdings (RPAY) was up by 0.53% after it reported better-than-expected Q1 results.
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In company news, 3D Systems (DDD) was 9% higher after it swung to non-GAAP earnings of $0.17 per share from a loss of $0.04 per share a year ago. It also reported revenue of $146.1 million, up from $135.6 million a year earlier. Palantir Technologies (PLTR) was down by almost 10% after it posted Q1 adjusted earnings of $0.04 per share, reversing last year's adjusted loss of $0.01 per share.
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In company news, 3D Systems (DDD) was 9% higher after it swung to non-GAAP earnings of $0.17 per share from a loss of $0.04 per share a year ago. Palantir Technologies (PLTR) was down by almost 10% after it posted Q1 adjusted earnings of $0.04 per share, reversing last year's adjusted loss of $0.01 per share. The software company also generated revenue of $341.2 million, up from $229.3 million a year ago.
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In company news, 3D Systems (DDD) was 9% higher after it swung to non-GAAP earnings of $0.17 per share from a loss of $0.04 per share a year ago. It also reported revenue of $146.1 million, up from $135.6 million a year earlier. The software company also generated revenue of $341.2 million, up from $229.3 million a year ago.
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716633.0
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2021-05-11 00:00:00 UTC
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Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
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DDD
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https://www.nasdaq.com/articles/todays-biggest-pre-market-stock-movers%3A-10-top-gainers-and-losers-on-tuesday-2021-05-11
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Welcome back to another busy day of trading! Here at InvestorPlace we’re starting the day off right by checking out the biggest pre-market stock movers, including the winners and losers.
Source: Shutterstock
We’re not jumping right into that just yet though. Instead, it’s time to stop and look at what happened yesterday. That includes the biggest stock stories that investors should be aware of. You can see that for yourself at this link.
With that done, let’s dive into Tuesday’s biggest pre-market stock movers!
Pre-Market Stock Movers: 10 Top Gainers
China Xiangtai Food (NASDAQ:PLIN) stock is soaring more than 22% higher despite a lack of news this morning.
Intec Pharma (NASDAQ:NTEC) shares are sitting over 19% higher today.
Evolving Systems (NASDAQ:EVOL) stock is heading nearly 18% higher after releasing its Q1 earnings report.
Oramed Pharmaceuticals (NASDAQ:ORMP) shares are getting an 11% boost on no apparent news this morning.
3D Systems (NYSE:DDD) stock is rallying almost 11% following the release of its earnings report for the first quarter of 2021.
Advanced Emissions Solutions (NASDAQ:ADES) shares are heading more than 10% higher on the release of its most recent earnings report.
Nymox Pharmaceutical (NASDAQ:NYMX) stock is up over 9% this morning.
Energous (NASDAQ:WATT) shares rising more than 8% this morning after getting approval for one of its devices in Europe.
Bank of Montreal MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) is heading almost 8% higher.
Top Ships (NASDAQ:TOPS) shares are up more than 7% this morning.
7 Stocks to Buy Right Now With All Eyes on Crypto
10 Top Losers
Alset EHome International (NASDAQ:AEI) stock is taking an almost 33% beating after announcing a public offering of its shares.
InnSuites Hospitality (NYSEAMERICAN:IHT) shares are retreating roughly 22% after a rally on Monday.
Fluent (NASDAQ:FLNT) stock is diving more than 21% lower following the release of its Q1 earnings report.
Virgin Galactic Holdings (NYSE:SPCE) shares are down nearly 21% after releasing its earnings report for the first quarter of 2021.
MER Telemanagement Solutions (NASDAQ:MTSL) stock is down more than 17% on no clear news today.
Vuzix (NASDAQ:VUZI) shares are seeing an over 16% decrease following the release of its Q1 earnings report.
Rackspace Technology (NASDAQ:RXT) stock is falling more than 15% after the release of its Q1 2021 earnings report.
Nabriva Therapeutics (NASDAQ:NBRV) shares are dipping more than 14% after releasing results for Q1 2021.
CarLotz (NASDAQ:LOTZ) stock is down over 14% as well with the release of its most recent earnings report.
TD Holdings (NASDAQ:GLG) closes out the pre-market stock movers list for Tuesday with shares dropping about 12%, which continues a fall from Monday.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE:DDD) stock is rallying almost 11% following the release of its earnings report for the first quarter of 2021. Bank of Montreal MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) is heading almost 8% higher. TD Holdings (NASDAQ:GLG) closes out the pre-market stock movers list for Tuesday with shares dropping about 12%, which continues a fall from Monday.
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3D Systems (NYSE:DDD) stock is rallying almost 11% following the release of its earnings report for the first quarter of 2021. With that done, let’s dive into Tuesday’s biggest pre-market stock movers! Evolving Systems (NASDAQ:EVOL) stock is heading nearly 18% higher after releasing its Q1 earnings report.
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3D Systems (NYSE:DDD) stock is rallying almost 11% following the release of its earnings report for the first quarter of 2021. Pre-Market Stock Movers: 10 Top Gainers China Xiangtai Food (NASDAQ:PLIN) stock is soaring more than 22% higher despite a lack of news this morning. Evolving Systems (NASDAQ:EVOL) stock is heading nearly 18% higher after releasing its Q1 earnings report.
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3D Systems (NYSE:DDD) stock is rallying almost 11% following the release of its earnings report for the first quarter of 2021. Here at InvestorPlace we’re starting the day off right by checking out the biggest pre-market stock movers, including the winners and losers. Advanced Emissions Solutions (NASDAQ:ADES) shares are heading more than 10% higher on the release of its most recent earnings report.
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2021-05-10 00:00:00 UTC
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3D Systems Stock Soars After Earnings Crush Expectations
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https://www.nasdaq.com/articles/3d-systems-stock-soars-after-earnings-crush-expectations-2021-05-11
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3D Systems (NYSE: DDD) reported first-quarter 2021 results after the market close Monday, May 10, that pleased the market.
Shares of the 3D printing company soared 14.5% in Monday's after-hours trading session. The market's positive reaction is largely attributable to adjusted earnings and revenue easily beating the Wall Street consensus estimates. The company's solid generation of cash from operations is also likely a factor.
Investors should know that Monday's after-hours reaction stems only from the first-quarter data, as 3D Systems didn't provide any guidance in its release. Management will probably issue at least a general outlook when it holds its analyst conference call, which is scheduled for Tuesday at 8:30 a.m. EDT.
Image source: Getty Images.
3D Systems' key numbers
METRIC Q1 2021 Q1 2020
CHANGE
Revenue $146.1 million $135.6 million
7.7%; with organic growth of 17%
GAAP operating income ($2.0 million) (18.2 million) N/A. Loss narrowed 89%.
Adjusted operating income $13.1 million ($5.0 million)
N/A. Result flipped to positive from negative.
GAAP net income $45.2 million ($18.9 million) N/A. Result flipped to positive from negative.
Adjusted net income $20.9 million ($4.5 million) N/A. Result flipped to positive from negative.
GAAP earnings per share (EPS) $0.36 ($0.17) N/A. Result flipped to positive from negative.
Adjusted EPS $0.17 ($0.04) N/A. Result flipped to positive from negative.
Data source: 3D Systems. GAAP = generally accepted accounting principles.
Organic revenue growth excludes the impact of businesses divested over the last year.
GAAP gross margin was 44%, up from 42.1% in the year-ago period. Adjusted gross margin also landed at 44%, up from 42.7% in the first quarter of last year.
The company generated cash from operations of $28.5 million. It ended the period with cash on hand, including restricted cash, of $133 million and no debt.
Wall Street was looking for Q1 adjusted EPS of $0.02 on revenue of $136.4 million, as outlined in my earnings preview. (The consensus adjusted earnings estimate was $0.01 per share at the time that article was published.) So, 3D Systems sped by both expectations.
For context, in the fourth quarter of 2020, revenue edged up 2.6% year over year to $172.7 million. Reported loss per share widened 300% to $0.16, while adjusted for one-time factors, earnings per share increased 80% to $0.09.
Segment results: Healthcare is still carrying the load, but industrial is stabilizing
SEGMENT Q1 2021 REVENUE YEAR-OVER-YEAR CHANGE
Healthcare $72.5 million 39%
Industrial $73.6 million (12%)
Total $146.1 million 7.7%
Data source: 3D Systems.
The healthcare segment's year-over-year revenue growth was driven by strong sales in both dental and medical applications.
The industrial segment's underlying performance seems to have stabilized after being significantly hurt in 2020 from shutdowns stemming from the COVID-19 pandemic. Excluding businesses divested over the last year, industrial sales inched up nearly 1% year over year.
What management had to say
Here's part of what CEO Jeffrey Graves said in the earnings release:
[Our] combination of strong top-line growth, profitability, and cash generation distinguishes us in our industry. We attribute this performance to the breadth of our technology portfolio, which includes industrial metal and polymer systems, leading-edge software solutions, and a rapidly increasing range of materials for both human and industrial application. [...]
With our solid progress on the initial stages of our transformation plan, we have now increased our focus on the fourth stage of our plan, which is to invest for accelerated growth and profitability...
Second-quarter 2021 estimates
Wall Street is currently modeling for Q2 adjusted EPS of $0.03 on revenue of $139.4 million. Even if management doesn't provide any outlook on theearnings call it seems likely that some analysts will revise upward their Q2 estimates based on the company's better-than-expected Q1 results.
For context, in Q2 2020, 3D Systems posted an adjusted loss per share of $0.13 on revenue of $112.1 million.
In short, 3D Systems' Q1 results reflect good progress in its turnaround efforts. That said, investors should know more Tuesday following the company'searnings call
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) reported first-quarter 2021 results after the market close Monday, May 10, that pleased the market. The market's positive reaction is largely attributable to adjusted earnings and revenue easily beating the Wall Street consensus estimates. What management had to say Here's part of what CEO Jeffrey Graves said in the earnings release: [Our] combination of strong top-line growth, profitability, and cash generation distinguishes us in our industry.
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3D Systems (NYSE: DDD) reported first-quarter 2021 results after the market close Monday, May 10, that pleased the market. The market's positive reaction is largely attributable to adjusted earnings and revenue easily beating the Wall Street consensus estimates. Revenue $146.1 million $135.6 million 7.7%; with organic growth of 17% GAAP operating income ($2.0 million) (18.2 million) N/A.
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3D Systems (NYSE: DDD) reported first-quarter 2021 results after the market close Monday, May 10, that pleased the market. Revenue $146.1 million $135.6 million 7.7%; with organic growth of 17% GAAP operating income ($2.0 million) (18.2 million) N/A. Healthcare $72.5 million 39% Industrial $73.6 million (12%) Total $146.1 million 7.7% Data source: 3D Systems.
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3D Systems (NYSE: DDD) reported first-quarter 2021 results after the market close Monday, May 10, that pleased the market. Revenue $146.1 million $135.6 million 7.7%; with organic growth of 17% GAAP operating income ($2.0 million) (18.2 million) N/A. Data source: 3D Systems.
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2021-05-05 00:00:00 UTC
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Stratasys Earnings: More Red Ink, but a 41% Jump in 3D Printer Sales Is a Good Sign
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https://www.nasdaq.com/articles/stratasys-earnings%3A-more-red-ink-but-a-41-jump-in-3d-printer-sales-is-a-good-sign-2021-05
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Shares of Stratasys (NASDAQ: SSYS) fell 4.2% Wednesday, following the 3D printing company's release of its first-quarter 2021 results before the market open.
We can probably attribute a good portion of the stock's decline to market dynamics in general. Stocks in the technology realm -- especially those of companies that aren't profitable -- were under pressure Wednesday, driven by renewed concerns that inflation could increase and push up U.S. interest rates.
For some context, shares of Stratasys' rival 3D Systems dropped 2.6% Wednesday. (3D Systems is scheduled to report its Q1 results Monday, May 10. Here's what to watch in 3D Systems' report.)
Image source: Getty Images.
Stratasys' key numbers
METRIC
Q1 2021
Q1 2020
CHANGE
Revenue
$134.2 million
$132.9 million
1%
GAAP operating income
($18.4 million)
($19.9 million)
N/A. Loss narrowed 8%
Adjusted operating income
($2.6 million)
($8.4 million)
N/A. Loss narrowed 69%
GAAP net income
($18.9 million)
($21.7 million)
N/A. Loss narrowed 13%
Adjusted net income
($3.8 million)
($10.6 million)
N/A. Loss narrowed 64%
GAAP earnings per share (EPS)
($0.32)
($0.40)
N/A. Loss narrowed 20%
Adjusted EPS
($0.06)
($0.19) N/A. Loss narrowed 68%
Data source: Stratasys. GAAP = generally accepted accounting principles.
For some additional context on revenue performance, last quarter (fourth-quarter 2020), the company's revenue was $142.4 million. So, sequentially, revenue declined nearly 6%. That said, Stratasys' business generally has slight seasonality, with Q4 usually the strongest quarter.
Wall Street was looking for Stratasys to post an adjusted loss per share of $0.06 on revenue of $132.3 million. So the company edged by the top-line expectation and hit the bottom-line estimate on the bull's-eye.
GAAP gross margin was 41.4%, down from 45% in the year-ago period. Adjusted gross margin landed at 46.7%, down from 48.4%.
The company generated $22.8 million of cash from operations during the quarter, up from $11.3 million in the year-ago period. Thanks in part to a capital raise of $230 million, it ended the quarter with $530.4 million in cash and cash equivalents.
With more than a half-billion dollars in liquid funds and no debt, Stratasys' balance sheet is robust.
Segment results: Jump in 3D printer sales a good sign
SEGMENT
Q1 2021 REVENUE
CHANGE (YOY)
Product
$90.3 million
8.6%
Service
$43.9 million
(12%)
Total
$134.2 million
1%
Data source: Stratasys. YOY = year over year.
Within the product segment, 3D printer ("system") revenue jumped 41% year over year and consumables (print materials) revenue fell 8%.
The 41% year-over-year surge in 3D printer revenue is a good sign. Sales of systems are generally a leading indicator of sorts. Assuming these systems are well utilized, investors can usually expect that growth in print materials will soon follow. This is important because print materials sport high profit margins.
What management had to say
Here's part of what CEO Yoav Zeif had to say in the earnings release:
I am pleased with our performance in the first quarter that drove 41% growth in system revenues. Thanks to our team's dedication and successful execution, Stratasys delivered solid results and is well-positioned at the forefront of our industry, as end markets continue to recover [from the COVID-19 pandemic] and 3D printing industry growth accelerates. [...]
With a fortress balance sheet and multiple growth opportunities in front of us, we are poised to build incremental value for our shareholders.
Expounding on Zeif's mention of the company's end markets continuing to recover, the pandemic caused the temporary closures of many companies in the industrial sector, which is a key vertical for Stratasys.
Second-quarter guidance
For the second quarter of 2021, management guided for revenue to grow in the mid-teens percentages year over year. That was in line with Wall Street's expectations, as going into the report, analysts were modeling for Q2 revenue growth of about 15% year over year.
A mixed bag of a report
In short, Stratasys' report was a mixed bag. The company's Q1 results on both the top and bottom lines were far from inspiring. But its 3D printer sales performance, ability to churn out cash from operations, and huge cash position are encouraging.
10 stocks we like better than Stratasys
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Stratasys (NASDAQ: SSYS) fell 4.2% Wednesday, following the 3D printing company's release of its first-quarter 2021 results before the market open. Stocks in the technology realm -- especially those of companies that aren't profitable -- were under pressure Wednesday, driven by renewed concerns that inflation could increase and push up U.S. interest rates. What management had to say Here's part of what CEO Yoav Zeif had to say in the earnings release: I am pleased with our performance in the first quarter that drove 41% growth in system revenues.
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Revenue $134.2 million $132.9 million 1% GAAP operating income ($18.4 million) ($19.9 million) N/A. Loss narrowed 8% Adjusted operating income ($2.6 million) ($8.4 million) N/A. Within the product segment, 3D printer ("system") revenue jumped 41% year over year and consumables (print materials) revenue fell 8%.
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Revenue $134.2 million $132.9 million 1% GAAP operating income ($18.4 million) ($19.9 million) N/A. Product $90.3 million 8.6% Service $43.9 million (12%) Total $134.2 million 1% Data source: Stratasys. Within the product segment, 3D printer ("system") revenue jumped 41% year over year and consumables (print materials) revenue fell 8%.
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For some additional context on revenue performance, last quarter (fourth-quarter 2020), the company's revenue was $142.4 million. Within the product segment, 3D printer ("system") revenue jumped 41% year over year and consumables (print materials) revenue fell 8%. That was in line with Wall Street's expectations, as going into the report, analysts were modeling for Q2 revenue growth of about 15% year over year.
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2021-04-27 00:00:00 UTC
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China launches robot prototype capable of catching space debris with net
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DDD
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https://www.nasdaq.com/articles/china-launches-robot-prototype-capable-of-catching-space-debris-with-net-2021-04-27
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BEIJING, April 27 (Reuters) - A Chinese space mining start-up launched into low Earth orbit on Tuesday a robot prototype that can scoop up debris left behind by other spacecraft with a big net.
The NEO-01, which will also peer into deep space to observe small celestial bodies, was launched on the government's Long March 6 rocket along with a handful of satellites, state-run Xinhua news agency reported.
The 30kg robot developed by Shenzhen-based Origin Space will pave the way for future technologies capable of mining on asteroids, according to the company.
Since the establishment of the world's first asteroid mining company Planetary Resources in 2009, more than a dozen firms across the world have entered the fledging sector, including 3D Systems DDD.N of the United States and Japan's Astroscale.
Unlike Astroscale's technology, which uses magnets to gather up space junk, NEO-01 will use a net to capture debris and then burn it with its electric propulsion system, according to a report on the company's website.
Thousands of satellites have been launched globally. As they outlive their use, many end up as junk, posing danger to other operating satellites.
Origin Space plans to launch dozens of space telescopes and more spacecraft to achieve the first commercial mining of asteroids by 2045, said the company's founder Su Meng in an interview with domestic media on April 6.
Xinhua reported on Saturday that China was stepping up efforts to land a probe on a near-Earth asteroid to collect samples, and also expediting a plan to build a defence system against near-Earth asteroids.
Beijing has grand space ambitions, aiming to catch up with Russia and the United States and transform China into a major space power by 2030.
(Reporting by Liangping Gao and Ryan Woo Editing by Peter Graff)
((Ryan.Woo@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Since the establishment of the world's first asteroid mining company Planetary Resources in 2009, more than a dozen firms across the world have entered the fledging sector, including 3D Systems DDD.N of the United States and Japan's Astroscale. BEIJING, April 27 (Reuters) - A Chinese space mining start-up launched into low Earth orbit on Tuesday a robot prototype that can scoop up debris left behind by other spacecraft with a big net. The NEO-01, which will also peer into deep space to observe small celestial bodies, was launched on the government's Long March 6 rocket along with a handful of satellites, state-run Xinhua news agency reported.
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Since the establishment of the world's first asteroid mining company Planetary Resources in 2009, more than a dozen firms across the world have entered the fledging sector, including 3D Systems DDD.N of the United States and Japan's Astroscale. BEIJING, April 27 (Reuters) - A Chinese space mining start-up launched into low Earth orbit on Tuesday a robot prototype that can scoop up debris left behind by other spacecraft with a big net. Origin Space plans to launch dozens of space telescopes and more spacecraft to achieve the first commercial mining of asteroids by 2045, said the company's founder Su Meng in an interview with domestic media on April 6.
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Since the establishment of the world's first asteroid mining company Planetary Resources in 2009, more than a dozen firms across the world have entered the fledging sector, including 3D Systems DDD.N of the United States and Japan's Astroscale. The NEO-01, which will also peer into deep space to observe small celestial bodies, was launched on the government's Long March 6 rocket along with a handful of satellites, state-run Xinhua news agency reported. Unlike Astroscale's technology, which uses magnets to gather up space junk, NEO-01 will use a net to capture debris and then burn it with its electric propulsion system, according to a report on the company's website.
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Since the establishment of the world's first asteroid mining company Planetary Resources in 2009, more than a dozen firms across the world have entered the fledging sector, including 3D Systems DDD.N of the United States and Japan's Astroscale. The NEO-01, which will also peer into deep space to observe small celestial bodies, was launched on the government's Long March 6 rocket along with a handful of satellites, state-run Xinhua news agency reported. Origin Space plans to launch dozens of space telescopes and more spacecraft to achieve the first commercial mining of asteroids by 2045, said the company's founder Su Meng in an interview with domestic media on April 6.
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716637.0
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2021-04-23 00:00:00 UTC
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Stratasys Earnings: Will Revenue Performance Lag That of 3D Systems Again?
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https://www.nasdaq.com/articles/stratasys-earnings%3A-will-revenue-performance-lag-that-of-3d-systems-again-2021-04-23
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Stratasys (NASDAQ: SSYS) is slated to report its first-quarter 2021 results before the market open on Wednesday, May 5. Its conference call with analysts is scheduled that day at 8:30 a.m. EDT.
The 3D printing company's report will come ahead of that of its fellow early mover in the industry, 3D Systems (NYSE: DDD), which plans to announce its first-quarter results after the market close on Monday, May 10, as outlined in this 3D Systems earnings preview.
Like 3D Systems and other companies that have a significant concentration of customers in the industrial sector, Stratasys' 2020 results were hurt by the fallout from the COVID-19 pandemic. The good news, however, is that its results in the second half of last year improved relative to the first half.
In 2021, Stratasys stock is up 10.7% through April 22. This performance is in line with the S&P 500's 10.6% return, but significantly trails 3D Systems stock's 106% gain.
Here's what to watch in Stratasys' Q1 report.
Image source: Getty Images.
Key numbers
Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q1 2020 RESULT
WALL STREET'S Q1 2021 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE (YOY)
Revenue
$132.9 million
$132.3 million
(0.5%)
Adjusted earnings per share (EPS)
($0.19)
($0.06)
N/A. Loss expected to narrow by 68%
Data sources: Stratasys and Yahoo! Finance. YOY = year over year.
Management guided for first-quarter revenue "similar" to the company's year-ago revenue, which explains the Wall Street consensus estimate.
For context, last quarter, Stratasys' revenue fell 13% year over year to $142.4 million. That result topped the $135.1 million consensus estimate and was an 11% increase from the prior quarter. Adjusted EPS was $0.13, down from $0.18 in the year-ago period, but much better than the breakeven result ($0.00) analysts had expected.
Last quarter, 3D Systems posted revenue growth of 2.6% year over year, so its top-line performance was notably better than Stratasys'.
3D printer and material sales
Investors should continue to focus on sales of 3D printers and print materials. As I wrote last quarter, "This data reflects how well the company's razor-and-blade business strategy is working. Sales of 3D printers (the 'razors') are ultra-important because they drive sales of print materials (the 'blades'), which have high profit margins."
Last quarter, Stratasys' 3D printer revenue dropped 8% year over year, and print materials revenue fell 10%. These are hardly the type of results investors want to see, but they do at least represent a considerable improvement from the prior couple of quarters, which were torpedoed by the pandemic. In the third and second quarters of 2020, printer revenue plunged 21% and 36% year over year, respectively, while print materials revenue plunged 22% and 31%.
Second-quarter guidance
Last quarter, the company said that "second-quarter 2021 revenue should approximate mid-teens percentage growth year over year."
Any notable change in this guidance would probably move the stock in one direction or the other.
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*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 3D printing company's report will come ahead of that of its fellow early mover in the industry, 3D Systems (NYSE: DDD), which plans to announce its first-quarter results after the market close on Monday, May 10, as outlined in this 3D Systems earnings preview. Like 3D Systems and other companies that have a significant concentration of customers in the industrial sector, Stratasys' 2020 results were hurt by the fallout from the COVID-19 pandemic. Key numbers Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks.
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The 3D printing company's report will come ahead of that of its fellow early mover in the industry, 3D Systems (NYSE: DDD), which plans to announce its first-quarter results after the market close on Monday, May 10, as outlined in this 3D Systems earnings preview. Key numbers Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks. Last quarter, Stratasys' 3D printer revenue dropped 8% year over year, and print materials revenue fell 10%.
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The 3D printing company's report will come ahead of that of its fellow early mover in the industry, 3D Systems (NYSE: DDD), which plans to announce its first-quarter results after the market close on Monday, May 10, as outlined in this 3D Systems earnings preview. Last quarter, 3D Systems posted revenue growth of 2.6% year over year, so its top-line performance was notably better than Stratasys'. Last quarter, Stratasys' 3D printer revenue dropped 8% year over year, and print materials revenue fell 10%.
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The 3D printing company's report will come ahead of that of its fellow early mover in the industry, 3D Systems (NYSE: DDD), which plans to announce its first-quarter results after the market close on Monday, May 10, as outlined in this 3D Systems earnings preview. Loss expected to narrow by 68% Data sources: Stratasys and Yahoo! Last quarter, Stratasys' 3D printer revenue dropped 8% year over year, and print materials revenue fell 10%.
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2021-04-14 00:00:00 UTC
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3D Systems Earnings: What to Watch
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-what-to-watch-2021-04-14
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2021 results after the market close on Monday, May 10. Its conference call with analysts is scheduled for 8:30 a.m. EDT the following day.
Many investors will probably be approaching the 3D printing company's report with cautious optimism. The company's performance last year was a mixed bag relative to Wall Street's quarterly revenue and earnings estimates. Its performance improved notably in the second half of last year, which helped to drive up the stock price.
In 2020, 3D Systems faced challenges stemming from the COVID-19 pandemic, as did most companies that have large customer bases in the industrial sector. Pandemic-related tailwinds in the company's industrial segment will likely continue into 2021.
Investors should be prepared for volatility. 3D Systems stock often makes big moves up or down following the company's release of quarterly results. As to the stock, in 2021, it's up 119% through April 13. The S&P 500 has returned 10.7% over this period.
Here's what to watch in 3D Systems' Q1 report.
Image source: Getty Images.
3D Systems' key numbers
Below are the company's results from Q1 2020 and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q1 2020 RESULT
WALL STREET'S Q1 2021 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE
GAAP revenue
$134.7 million
$136.4 million
1.3%
Adjusted earnings per share (EPS)
($0.04)
$0.01
N/A. Result expected to flip to positive from negative.
Data sources: 3D Systems and Yahoo! Finance. GAAP = generally accepted accounting principles.
Management didn't provide guidance, citing continued uncertainty surrounding the pandemic.
For context, in the fourth quarter of 2020, 3D Systems' revenue edged up 2.6% year over year (but rose 27% sequentially) to $172.7 million. Growth was driven by the healthcare segment, whose revenue soared 48% year over year. That strong performance slightly overcompensated for the 22% drop in revenue in the industrial segment. Both segments, however, posted double-digit sequential revenue growth.
Last quarter, adjusted for one-time items, net income was $10.6 million, or $0.09 per share, an 80% improvement from the year-ago period.
Cash flows
As always, investors will also want to focus on cash flows -- cash generated from operations and free cash flow.
3D Systems had some liquidity-related challenges in the first half of last year, which it addressed by implementing a restructuring plan that notably reduced operating expenses and by divesting of non-core software businesses.
Second-quarter 2021 guidance
If management issues Q2 guidance, this data will probably be the biggest factor in any post-earnings stock movement. That's because the stock market looks ahead.
For Q2, analysts are modeling for revenue to increase 24% year over year to $138.6 million. The quarter's year-over-year performance will benefit from an easy comparable. In the second quarter of last year, revenue plunged 29% year over year due to the fallout from the pandemic.
On the bottom line, analysts expect adjusted EPS of $0.02, compared to an adjusted loss of $0.13 per share in the year-ago period.
10 stocks we like better than 3D Systems
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*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2021 results after the market close on Monday, May 10. The company's performance last year was a mixed bag relative to Wall Street's quarterly revenue and earnings estimates. In 2020, 3D Systems faced challenges stemming from the COVID-19 pandemic, as did most companies that have large customer bases in the industrial sector.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2021 results after the market close on Monday, May 10. The company's performance last year was a mixed bag relative to Wall Street's quarterly revenue and earnings estimates. GAAP revenue $134.7 million $136.4 million 1.3% Adjusted earnings per share (EPS) ($0.04) $0.01 N/A.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2021 results after the market close on Monday, May 10. For context, in the fourth quarter of 2020, 3D Systems' revenue edged up 2.6% year over year (but rose 27% sequentially) to $172.7 million. In the second quarter of last year, revenue plunged 29% year over year due to the fallout from the pandemic.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2021 results after the market close on Monday, May 10. The company's performance last year was a mixed bag relative to Wall Street's quarterly revenue and earnings estimates. For Q2, analysts are modeling for revenue to increase 24% year over year to $138.6 million.
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2021-04-13 00:00:00 UTC
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Cathie Wood Stocks: Proto Labs Poised to Kick Off 3D Printing Earnings Season
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https://www.nasdaq.com/articles/cathie-wood-stocks%3A-proto-labs-poised-to-kick-off-3d-printing-earnings-season-2021-04-13
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Proto Labs (NYSE: PRLB), a leading quick-turn contract manufacturer, is slated to report its first-quarter 2021 results before the market opens on Thursday, May 6.
The company, which offers traditional manufacturing and 3D printing services, looks poised to kick off the quarterly earnings season for the 3D printing space, as it usually does. 3D Systems plans to release its first-quarter results on Monday, May 10, while Stratasys, Desktop Metal, and other 3D printing players haven't yet announced their release dates.
Along with many companies that serve customers in the industrial sector, Proto Labs has been hurt by the pandemic. But it still managed to beat Wall Street's modest earnings expectations in all four quarters of 2020.
In 2020, Proto Labs stock -- which is a holding in several of top stock-picker Cathie Wood's ARK Invest funds -- gained a whopping 51%, easily beating the S&P 500's 18.4% return. But shares have pulled back this year. In 2021, the stock is down nearly 28% through April 12, while the broader market has returned just over 10%.
A 3D printer at work. Image source: Getty Images.
Key numbers
METRIC
Q1 2020 RESULT
Q1 2021 WALL STREET CONSENSUS ESTIMATE
PROJECTED CHANGE (DECLINE) YOY
Revenue
$115.1 million
$113.3 million
(1.6%)
Adjusted earnings per share (EPS)
$0.61
$0.41
(33%)
Data sources: Proto Labs and Yahoo! Finance. YOY = year over year.
For Q1, management guided for revenue in the range of $108 million to $118 million. That total includes a projected contribution of about $5 million from 3D Hubs, which became part of Proto Labs on Jan. 25. 3D Hubs operates an online platform that provides customers with on-demand access to a global network of manufacturing partners.
Excluding the expected contribution from 3D Hubs, Proto Labs' revenue is expected to decline 5.9% year over year.
For context, last quarter, Proto Labs' revenue fell 6% year over year to $105.2 million. Its 3D printing and injection molding businesses eked out revenue growth of 2% and 1%, respectively, but its CNC machining and sheet metal operations posted double-digit revenue declines.
Last quarter, adjusted net income was $13.5 million, which translated to EPS of $0.50, down 21% year over year. The earnings drop was driven by the revenue decline and an increase in research and development spending relative to the year-ago period.
3D Hubs' performance
Investors can probably expect that management will comment on 3D Hubs during the earnings call. More specifically, hopefully management will give an update on the integration process, share how much revenue 3D Hubs contributed to total first-quarter revenue, and share its effect on the company's overall profitability.
As I wrote in last quarter's earnings preview, "Proto Labs expects this acquisition to be accretive to its revenue growth rate but slightly dilutive to its adjusted EPS in 2021."
Second-quarter 2021 guidance
The stock market looks ahead. So its reaction to Proto Labs' earnings release will probably hinge more on the company's Q2 guidance than its Q1 results, relative to Wall Street's expectations.
For Q2, analysts are modeling for adjusted EPS to decline 14% year over year to $0.51 and revenue to jump 12% to $119.6 million. The quarter's year-over-year revenue result will benefit not only from a full quarter's contribution from 3D Hubs, but also from an easy comparable. In the second quarter of last year, revenue fell 8% year over year largely due to the fallout from the pandemic.
10 stocks we like better than Proto Labs
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Proto Labs (NYSE: PRLB), a leading quick-turn contract manufacturer, is slated to report its first-quarter 2021 results before the market opens on Thursday, May 6. In 2020, Proto Labs stock -- which is a holding in several of top stock-picker Cathie Wood's ARK Invest funds -- gained a whopping 51%, easily beating the S&P 500's 18.4% return. As I wrote in last quarter's earnings preview, "Proto Labs expects this acquisition to be accretive to its revenue growth rate but slightly dilutive to its adjusted EPS in 2021."
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Revenue $115.1 million $113.3 million (1.6%) Adjusted earnings per share (EPS) $0.61 $0.41 (33%) Data sources: Proto Labs and Yahoo! Excluding the expected contribution from 3D Hubs, Proto Labs' revenue is expected to decline 5.9% year over year. For context, last quarter, Proto Labs' revenue fell 6% year over year to $105.2 million.
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Revenue $115.1 million $113.3 million (1.6%) Adjusted earnings per share (EPS) $0.61 $0.41 (33%) Data sources: Proto Labs and Yahoo! Excluding the expected contribution from 3D Hubs, Proto Labs' revenue is expected to decline 5.9% year over year. For context, last quarter, Proto Labs' revenue fell 6% year over year to $105.2 million.
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Revenue $115.1 million $113.3 million (1.6%) Adjusted earnings per share (EPS) $0.61 $0.41 (33%) Data sources: Proto Labs and Yahoo! Excluding the expected contribution from 3D Hubs, Proto Labs' revenue is expected to decline 5.9% year over year. So its reaction to Proto Labs' earnings release will probably hinge more on the company's Q2 guidance than its Q1 results, relative to Wall Street's expectations.
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2021-04-12 00:00:00 UTC
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After Nano Dimension’s Last 16 Months, Investors Have a Few Big Questions
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https://www.nasdaq.com/articles/after-nano-dimensions-last-16-months-investors-have-a-few-big-questions-2021-04-12
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
At the start of 2020, 3-D printing play Nano Dimension (NASDAQ:NNDM) didn’t seem like much. The company offered an intriguing technology, albeit with a seemingly narrow use case. NNDM stock had done little but go down since uplisting in 2016; below $3, it was off more than 95% from previous highs above $80 (adjusted for a 2019 1-for-10 reverse split).
Source: shutterstock.com/Alex_Traksel
As well, the balance sheet was not in great shape. Nano Dimension closed 2019 with $3.75 million in cash. It burned $13 million that year. Its 20-F filed with the U.S. Securities and Exchange Commission in March 2020 included a so-called “going concern” warning, the kind that precedes many corporate bankruptcies.
Investors reacted accordingly. By the start of 2020, Nano Dimension’s market capitalization was barely $10 million. It’s not a coincidence that when Yoav Stern was hired as chief executive officer in December of 2019, the company talked up his experience as a “turnaround executive.” Nano Dimension was in trouble, and arrival of the novel coronavirus pandemic seemed likely to seal its fate.
Of course, that’s not what has happened. The NNDM story looks amazingly, incredibly, different. The question for NNDM stock is whether it’s good enough.
More Cash, More NNDM Stock
Here we are in April 2021 and all of the numbers have changed.
The $3.75 million in cash at year-end has ballooned massively into a hoard of roughly $1.5 billion.
The NNDM stock price has more than tripled, to just above $8. Less than two months ago, it traded at more than twice as high. The $10 million market capitalization now is over $2 billion.
Of course, the reason the market cap is up more than 200x, and the share price less than 4x, is that Nano Dimension has issued a staggering amount of stock.
7 Safe Stocks to Buy for Uncertain Times
At the end of 2019, the company had 209 million ordinary shares — or about 4.2 million adjusted for 1-for-50 reverse split last year. (That reverse split applied only to the ordinary shares, not the American Depositary Receipts represented by NNDM stock.) At the moment, the share count is past 250 million.
Nano Dimension has done well with the offerings, getting a weighted average price around $6. But the market has cooperated, as well. At the end of 2019, Nano Dimension’s enterprise value (market capitalization less net cash) was about $10 million. The enterprise value — in theory, the valuation assigned the actual business — now is about $600 million.
Enter ARK’s Cathie Wood
The first important question on NNDM stock is: why? There are some legitimate reasons for the business to be worth more now than it was then. The novel coronavirus pandemic itself likely is a long-term positive. The supply chain disruptions caused by the pandemic only highlighted the value of investing in alternatives.
Indeed, other 3-D printing plays like 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SSYS) have soared in 2021. While those companies play in different markets, NNMD might have a bigger edge. Existing manufacturing of the printed circuit boards made by Nano Dimension equipment is heavily concentrated in Asia.
The balance sheet itself helps, even if the actual cash isn’t calculated as part of enterprise value. Again, even before the pandemic Nano Dimension had a very real chance of not making it through 2020 without a restructuring. The company itself said as much. Obviously, with $1.5 billion in the bank, the story has been very much de-risked.
And Nano Dimension has gotten some attention. Cathie Wood’s Ark Investments owns shares. Nano Dimension in fact is the 21st-largest holding of the Ark Autonomous Technology & Robotics ETF (BATS:ARKQ). That’s no small feat given that the fund’s largest holding is Tesla (NASDAQ:TSLA). Also NNDM is ARKQ’s largest stake in the 3D sector, some six times the holdings in DDD and SSYS stock.
Is $600 Million Too Much?
The next question is: is that good news enough? That in turn raises some smaller questions.
Among them, what exactly is the strategy here? Stern has said repeatedly that the plan is to use the cash for acquisitions. But it’s unclear why the company needed to sell this much stock. Nano Dimension generated less than $4 million in revenue in 2020. The pandemic was a factor, of course, but even 2019 sales were less than $8 million.
Plus, $1.5 billion in acquisition spend hardly seems necessary for acquisitions that are complementary to a business that size. For that spend, the actual Nano Dimension business seemingly would wind up secondary to whatever businesses were brought in.
Here’s another question: should NNDM stock be considered overvalued, given that Stern and his company are acting like it is? They’ve been enormously aggressive with offerings in 2021, raising $830 million at a weighted average price just above $11. In fact, Stern said in November that the company had enough cash for its acquisition strategy. It’s sold more than $1 billion of stock since.
But it hasn’t made a deal. According to Stern, that’s because of the rise of SPACs (special purpose acquisition companies), “companies are completely in ‘La La Land’ as much as they believe their value is.” If the sector has gone nuts, what does that mean for NNDM stock?
How Does This Play Out?
Admittedly, that question is somewhat less pertinent given the sharp pullback over the past two months. And it’s possible Nano Dimension creates that $600 million in value through smart M&A and/or growth in the legacy business.
Still, this is a business the market thought was worth $10 million just 16 months ago. It’s a business that hasn’t yet succeeded. And it has $1.5 billion in cash to spend — which truly is a double-edged sword.
Certainly, Nano Dimension’s position has changed dramatically over the past 16 months. But it’s where the company sits 16 months from now that matters. Personally, I’ll almost certainly be on the sidelines until then — but I’ll admit to being fascinated as to how this all plays out.
On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article.
After spending time at a retail brokerage, Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets.
The post After Nano Dimension’s Last 16 Months, Investors Have a Few Big Questions appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Indeed, other 3-D printing plays like 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SSYS) have soared in 2021. Also NNDM is ARKQ’s largest stake in the 3D sector, some six times the holdings in DDD and SSYS stock. Its 20-F filed with the U.S. Securities and Exchange Commission in March 2020 included a so-called “going concern” warning, the kind that precedes many corporate bankruptcies.
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Indeed, other 3-D printing plays like 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SSYS) have soared in 2021. Also NNDM is ARKQ’s largest stake in the 3D sector, some six times the holdings in DDD and SSYS stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips At the start of 2020, 3-D printing play Nano Dimension (NASDAQ:NNDM) didn’t seem like much.
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Indeed, other 3-D printing plays like 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SSYS) have soared in 2021. Also NNDM is ARKQ’s largest stake in the 3D sector, some six times the holdings in DDD and SSYS stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips At the start of 2020, 3-D printing play Nano Dimension (NASDAQ:NNDM) didn’t seem like much.
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Indeed, other 3-D printing plays like 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SSYS) have soared in 2021. Also NNDM is ARKQ’s largest stake in the 3D sector, some six times the holdings in DDD and SSYS stock. Nano Dimension closed 2019 with $3.75 million in cash.
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2021-04-02 00:00:00 UTC
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Why Desktop Metal Stock Fell 26% in March
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https://www.nasdaq.com/articles/why-desktop-metal-stock-fell-26-in-march-2021-04-02
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What happened
Desktop Metal (NYSE: DM) stock dropped 25.7% in March, according to data from S&P Global Market Intelligence. For context, the S&P 500 index returned 4.4% last month.
Desktop Metal is a 3D printing company that's new to the public markets. It went public in December via a reverse merger with a special purpose acquisition company (SPAC).
Image source: Getty Images.
So what
We can probably attribute Desktop Metal stock's weak performance last month largely to market-related factors rather than company-specific ones.
Shares of many highly valued stocks pulled back last month. That included the overall 3D printing group. 3D Systems stock dropped 23.4% in March, while Stratasys fell nearly 25%.
Desktop Metal released its fourth-quarter and full-year 2020 results before the market open on March 15. However, that event had little impact on the company's stock, which closed the day up 0.8%. That performance was in line with the market's, as the S&P 500 and Nasdaq indexes rose about 0.7% and 1.1%, respectively.
In the fourth quarter, Desktop Metal generated revenue of $8.4 million and posted a net loss of $25.4 million. That revenue result was up significantly from the third quarter's revenue of $2.5 million.
For full-year 2020, the company's revenue fell 38% year over year to $16.5 million. As with other 3D printing companies, the COVID-19 pandemic hurt demand for Desktop's products last year. Net loss narrowed 13% year over year to $90.4 million, translating to loss per share narrowing 17% to $0.57.
The chart below shows how Desktop Metal stock has performed so far in 2021.
Data by YCharts
Now what
Management guided for 2021 revenue of more than $100 million. The huge expected jump in annual revenue is due to an acquisition. In February, Desktop acquired EnvisionTEC, a polymer-focused 3D printing company.
10 stocks we like better than Desktop Metal, Inc.
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*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Desktop Metal (NYSE: DM) stock dropped 25.7% in March, according to data from S&P Global Market Intelligence. So what We can probably attribute Desktop Metal stock's weak performance last month largely to market-related factors rather than company-specific ones. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them!
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In the fourth quarter, Desktop Metal generated revenue of $8.4 million and posted a net loss of $25.4 million. For full-year 2020, the company's revenue fell 38% year over year to $16.5 million. Net loss narrowed 13% year over year to $90.4 million, translating to loss per share narrowing 17% to $0.57.
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What happened Desktop Metal (NYSE: DM) stock dropped 25.7% in March, according to data from S&P Global Market Intelligence. In the fourth quarter, Desktop Metal generated revenue of $8.4 million and posted a net loss of $25.4 million. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Beth McKenna has no position in any of the stocks mentioned.
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Desktop Metal is a 3D printing company that's new to the public markets. For full-year 2020, the company's revenue fell 38% year over year to $16.5 million. 10 stocks we like better than Desktop Metal, Inc.
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2021-04-02 00:00:00 UTC
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Nano Dimension Is Making 3D Printing Great Again
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https://www.nasdaq.com/articles/nano-dimension-is-making-3d-printing-great-again-2021-04-02
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
I was around a decade ago for the first 3D printing revolution. But now the industry is back under the name additive manufacturing. This focuses on industrial applications, and one of its new players is Nano Dimension (NASDAQ:NNDM). Nano Dimension stock was hot early in this year, but it is now cold. So, should you be buying NNDM stock?
Source: Spyro the Dragon / Shutterstock.com
The first run by 3D printing was failure. Efforts to make this a consumer business through MakerBot left the whole industry in a bad odor. Industry leaders like 3D Systems (NYSE:DDD), which had followed the trend, barely survived.
Nano Dimension is an Israeli company. It is best known for its Dragonfly LDM system, which prints circuit boards that were previously assembled.
In 2020 NNDM lost $48 million, $1.13 per share, on revenues of $3.4 billion. The stock is priced at about $8.30, with a market cap of $2.07 billion.
Defense Hopes
NNDM stock has done a round trip since the first of the year and is now priced slightly below where it started January.
7 Cheap Stocks with Growing Tailwinds
The gains came after Ark Funds CEO Cathie Wood, Wall Street’s hot hand in technology investment, said she was backing the stock. Two ARK funds now hold positions in NNDM. Together the stakes represent about 5% of the company’s equity.
Wood is especially pleased with NNDM’s defense contracts. “We always look for where defense is putting their money,” she says. This makes sense because many technology breakthroughs, including the internet, began as Cold War activities.
ARK has some InvestorPlace writers excited as well. Our Chris Tyler has compared the opportunity to Apple (NASDAQ:AAPL) or Tesla (NASDAQ:TSLA). David Moadel likes the company’s investor presentation, arguing that 3D printed electronics will be a $2.3 billion business by 2029.
Bet the Jockey?
If you’re thinking at an investment in NNDM today, you’re betting on the jockey as well as the horse.
The jockey is CEO Yoav Stern, an NYU graduate who has built several companies. He was named to the company’s board this month and is expected to become chairman.
Stern has been talking up the company’s prospects, saying revenue in the second half of the year was higher than he expected. Absent Covid-19 it would have even been better, he wrote, but some customers signed service contracts instead of buying systems. The company’s business model is based on not just selling Dragonfly LDM systems, but the nano-ink the device uses.
Stern has also been building a financial war chest, selling new stock and talking up an acquisition strategy.
The company has done eight equity raises in six months. That’s a danger signal to our Mark Hake. NNDM recently had $1.45 billion in cash, he estimates, meaning the operating company was valued at just $700 million.
So far, however, Stern has been frustrated in his search for a partner. He blames special purpose acquisition companies (SPACs), which are also looking at private companies, aiming to take them public. The cash has practically made NNDM a SPAC itself, Hake writes, because it’s now valued based mainly on its cash and prospects of making a deal.
The Bottom Line
While some analysts have lost patience with Stern, he and NNDM stock are still a reasonable speculation.
Stern is looking to make a deal, and that could be the sale of the company as well as a purchase. The company’s cash would be attractive to a company like 3D Systems, while its technology could be of interest to a defense contractor.
I understand the risks. I’ve seen this sector fall before. But Stern won’t wait forever to make a deal. When he does, I suspect the stock will pop.
At the time of publication, Dana Blankenhorn directly owned shares in AAPL. He did not (either directly or indirectly) hold any other positions in the securities mentioned in this article.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his Substack https://danafblankenhorn.substack.com/.
The post Nano Dimension Is Making 3D Printing Great Again appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Industry leaders like 3D Systems (NYSE:DDD), which had followed the trend, barely survived. Defense Hopes NNDM stock has done a round trip since the first of the year and is now priced slightly below where it started January. David Moadel likes the company’s investor presentation, arguing that 3D printed electronics will be a $2.3 billion business by 2029.
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Industry leaders like 3D Systems (NYSE:DDD), which had followed the trend, barely survived. This focuses on industrial applications, and one of its new players is Nano Dimension (NASDAQ:NNDM). 7 Cheap Stocks with Growing Tailwinds The gains came after Ark Funds CEO Cathie Wood, Wall Street’s hot hand in technology investment, said she was backing the stock.
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Industry leaders like 3D Systems (NYSE:DDD), which had followed the trend, barely survived. 7 Cheap Stocks with Growing Tailwinds The gains came after Ark Funds CEO Cathie Wood, Wall Street’s hot hand in technology investment, said she was backing the stock. The cash has practically made NNDM a SPAC itself, Hake writes, because it’s now valued based mainly on its cash and prospects of making a deal.
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Industry leaders like 3D Systems (NYSE:DDD), which had followed the trend, barely survived. Nano Dimension stock was hot early in this year, but it is now cold. So, should you be buying NNDM stock?
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fdeea305-b2e9-487d-9aa9-fceb55b9f6bd
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716643.0
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2021-03-28 00:00:00 UTC
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Desktop Metal: Is Now the Time for a 3D Printing Stock?
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DDD
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https://www.nasdaq.com/articles/desktop-metal%3A-is-now-the-time-for-a-3d-printing-stock-2021-03-28
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Let's be honest. 3D printing stocks don't exactly have the best track record, as a group. But there's reason to believe that Desktop Metal (NYSE: DM) could be different. In this Fool Live video clip, recorded on March 15, Fool.com contributors Matt Frankel, CFP, Brian Withers, and Dan Caplinger discuss the company and why now might be the right time for 3D printing technology to deliver for investors.
10 stocks we like better than Desktop Metal, Inc.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of February 24, 2021
Brian Withers: All right, I'm up with Desktop Metal. Desktop Metal is leading the second wave of additive manufacturing, otherwise known as 3D printing. Before you turn me off altogether, the industry is moving from just prototyping capabilities to mass production, and Desktop Metal's high-end systems can print metal parts at a rate of 100 times faster than conventional systems. This technology could actually fill the hopes of the 3D printing that were bashed in the first wave of this industry. They reported their first earnings report as a public company this morning, and I didn't get to check their results. The addressable market is expected to grow at 25% compound annual growth rate to reach 146 billion by 2030. This technology could be developed for thousands of different kinds of materials, and it has strategic investments from BMW and Ford and 120 patents. Do you guys have insights on this company?
Dan Caplinger: I just looked up real quick. Fourth-quarter revenue more than tripled from the third quarter quarter up to $8.4 million, so we're still talking about a relatively small company. The main thing I'd say here is that so often you have situations where the second generation of companies in a hot trend end up being the big winners even when the fist generation isn't. I'd be curious to see what lessons Desktop Metal learned from the successes and failures of the 3D companies before it. It's a promising area. The idea is just as valid as it was to revolutionize manufacturing. I wish them the best of luck. I think it's a good business model.
Matt Frankel: Well, I'd have to say, as an investor who got burned by 3D Systems myself, I'm skeptical. I don't want to say it's the least likely of these PIPE investments that you'll find in my portfolio, but it's close. I think there's a ton of execution risk to get it right at this point in the 3D printing industry. It's not really my favorite company and someone else could have the last word and get hit by the disco sound.
Withers: I like the model. They sell a $2 million system. They could generate about $450,000 of consumables each year, which means a customer could generate $6.5 million in revenue and $3.8 million in gross profit over a 10-year life. It's nice in theory. You guys have a point. I think the execution risk is really where this company is at, but they have existing products on the commercial market that are selling. Dan, you looked up the earnings this morning, so I did. Based on taking Q4's revenue, multiplying it by four to get an annual run rate, they're about 148 times the price to sales right now. It's pricey.
Brian Withers has no position in any of the stocks mentioned. Dan Caplinger has no position in any of the stocks mentioned. Matthew Frankel, CFP has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this Fool Live video clip, recorded on March 15, Fool.com contributors Matt Frankel, CFP, Brian Withers, and Dan Caplinger discuss the company and why now might be the right time for 3D printing technology to deliver for investors. The addressable market is expected to grow at 25% compound annual growth rate to reach 146 billion by 2030. Based on taking Q4's revenue, multiplying it by four to get an annual run rate, they're about 148 times the price to sales right now.
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In this Fool Live video clip, recorded on March 15, Fool.com contributors Matt Frankel, CFP, Brian Withers, and Dan Caplinger discuss the company and why now might be the right time for 3D printing technology to deliver for investors. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. Before you turn me off altogether, the industry is moving from just prototyping capabilities to mass production, and Desktop Metal's high-end systems can print metal parts at a rate of 100 times faster than conventional systems.
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In this Fool Live video clip, recorded on March 15, Fool.com contributors Matt Frankel, CFP, Brian Withers, and Dan Caplinger discuss the company and why now might be the right time for 3D printing technology to deliver for investors. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Brian Withers: All right, I'm up with Desktop Metal. Before you turn me off altogether, the industry is moving from just prototyping capabilities to mass production, and Desktop Metal's high-end systems can print metal parts at a rate of 100 times faster than conventional systems.
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In this Fool Live video clip, recorded on March 15, Fool.com contributors Matt Frankel, CFP, Brian Withers, and Dan Caplinger discuss the company and why now might be the right time for 3D printing technology to deliver for investors. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! Before you turn me off altogether, the industry is moving from just prototyping capabilities to mass production, and Desktop Metal's high-end systems can print metal parts at a rate of 100 times faster than conventional systems.
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bd5fa7de-a510-476c-b874-9d3a242a9d40
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716644.0
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2021-03-25 00:00:00 UTC
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May 7th Options Now Available For 3D Systems
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DDD
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https://www.nasdaq.com/articles/may-7th-options-now-available-for-3d-systems-2021-03-25
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new May 7th contracts and identified one put and one call contract of particular interest.
The put contract at the $24.00 strike price has a current bid of 90 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $24.00, but will also collect the premium, putting the cost basis of the shares at $23.10 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $24.36/share today.
Because the $24.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.75% return on the cash commitment, or 31.83% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $24.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $30.00 strike price has a current bid of 95 cents. If an investor was to purchase shares of DDD stock at the current price level of $24.36/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $30.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 27.05% if the stock gets called away at the May 7th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $30.00 strike highlighted in red:
Considering the fact that the $30.00 strike represents an approximate 23% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.90% boost of extra return to the investor, or 33.10% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 165%, while the implied volatility in the call contract example is 141%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $24.36) to be 117%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 23% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 7th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 23% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new May 7th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 23% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new May 7th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new May 7th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 23% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 7th expiration.
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b5ac3b91-62fe-48d8-9634-ff8f4702817a
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716645.0
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2021-03-24 00:00:00 UTC
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Forget Robinhood: Check Out These Favorites From The Motley Fool's Stock-Picking Game
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DDD
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https://www.nasdaq.com/articles/forget-robinhood%3A-check-out-these-favorites-from-the-motley-fools-stock-picking-game-2021
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nan
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nan
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Investing is serious business, right? It's your hard-earned money, your net worth, your wealth. It can determine whether you retire a millionaire or whether your golden years are spent comparing prices on cat food. It would be a mistake to approach investing with anything less than a weighty, earnest solemnity. Right?
The Motley Fool doesn't think so.
It's not that we don't understand that investing is important. We've been extolling its virtues since 1993! Rather, there's one important thing we understand that many financial advice companies do not: Mastering investing doesn't have to be esoteric. In fact, it can be fun.
That said, if you're not careful, that mastery can be expensive. Popular, fee-free stock-trading apps like Robinhood have made the world of stock trading more accessible than ever before -- but without some knowledge of what to invest in, newbie investors can risk losing a lot of money. That's where we come in.
Image source: The Motley Fool.
Enter Investor Island
The legend is that decades ago, an investor was sailing in the South Pacific when a typhoon devastated his boat, utterly ruining his vacation. He was lucky enough to reach the shores of an uncharted isle, where the locals nursed him back to health -- and he in turn repaid them with tales of glory and riches gained from savvy investments in the stock market. The locals were awestruck by these stories of the life-changing power of investing, and today they construct temples in honor of the companies they think will thrive, as offerings to the island's mysterious and mercurial Stock Gods.
In turn, the Stock Gods reward outperforming companies with valuable gems, which allow the island's inhabitants to construct statues, challenge rivals, and accrue spells. But underperformance angers the Stock Gods and can lead to devastating tantrums. The market-based battles continue to roil the isle's landscape as rivals vie to construct statues strategically -- and destroy those of others -- to gain control of Investor Island.
This is no legend
As you've gathered, Investor Island is a game -- a mobile, turn-based strategy game, to be precise. Fool co-founder, Chief Rule Breaker, and board- and computer-game lover David Gardner was intimately involved in its design, and it boasts a 4.7 rating on the Apple App Store; you can download it for iOS or Android and while away the hours building temples, collecting gems, and appeasing gods.
But Investor Island is not just a game. The real-life performance of the stocks you choose affects what happens on Investor Island. And while you can choose to play based on historical data -- say, pitting Tesla against Netflix in the boom year of 2013 -- you can also choose to play based on what's happening in real time. That means your stock-picking prowess has a direct impact on whether you win or lose.
Image Source: The Motley Fool.
What are the top players picking this week?
In addition to facing off with each other or with AI opponents, players can invest "tokens" in stocks they think will go up in the next day, week, or month. If they pick winners, they get in-game rewards that can give them an edge over their opponents. Investor Island's top-ranked players -- the ones who win the most games -- have picked the following stocks to outperform this week:
AutoZone (NASDAQ: AZN)
MercadoLibre (NASDAQ: MELI)
Middleby (NASDAQ: MIDD)
Looks like players are interested in a retail bounceback in AutoZone, renewed restaurant energy for Middleby, and continued online outperformance from MercadoLibre.
Last week, top investors liked these three:
Dave & Buster's (NASDAQ: PLAY)
TripAdvisor (NASDAQ: TRIP)
3D Systems (NYSE: DDD)
Get marooned
If Investor Island sounds like the kind of learning you can get behind, we'd love to see you in our ranks. You'll be an analyst before you know it -- and you'll master fire spells, too.
Download Investor Island for iOS here and for Android here.
Selim Bassoul, former CEO, chairman, and president of Middleby, serves as Chief Innovator at The Motley Fool. Ellen Simonson Bowman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends MercadoLibre, Middleby, and TripAdvisor. The Motley Fool recommends 3D Systems and Dave & Busters Entertainment. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last week, top investors liked these three: Dave & Buster's (NASDAQ: PLAY) TripAdvisor (NASDAQ: TRIP) 3D Systems (NYSE: DDD) Get marooned If Investor Island sounds like the kind of learning you can get behind, we'd love to see you in our ranks. Popular, fee-free stock-trading apps like Robinhood have made the world of stock trading more accessible than ever before -- but without some knowledge of what to invest in, newbie investors can risk losing a lot of money. He was lucky enough to reach the shores of an uncharted isle, where the locals nursed him back to health -- and he in turn repaid them with tales of glory and riches gained from savvy investments in the stock market.
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Last week, top investors liked these three: Dave & Buster's (NASDAQ: PLAY) TripAdvisor (NASDAQ: TRIP) 3D Systems (NYSE: DDD) Get marooned If Investor Island sounds like the kind of learning you can get behind, we'd love to see you in our ranks. In turn, the Stock Gods reward outperforming companies with valuable gems, which allow the island's inhabitants to construct statues, challenge rivals, and accrue spells. Investor Island's top-ranked players -- the ones who win the most games -- have picked the following stocks to outperform this week: AutoZone (NASDAQ: AZN) MercadoLibre (NASDAQ: MELI) Middleby (NASDAQ: MIDD) Looks like players are interested in a retail bounceback in AutoZone, renewed restaurant energy for Middleby, and continued online outperformance from MercadoLibre.
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Last week, top investors liked these three: Dave & Buster's (NASDAQ: PLAY) TripAdvisor (NASDAQ: TRIP) 3D Systems (NYSE: DDD) Get marooned If Investor Island sounds like the kind of learning you can get behind, we'd love to see you in our ranks. The locals were awestruck by these stories of the life-changing power of investing, and today they construct temples in honor of the companies they think will thrive, as offerings to the island's mysterious and mercurial Stock Gods. Investor Island's top-ranked players -- the ones who win the most games -- have picked the following stocks to outperform this week: AutoZone (NASDAQ: AZN) MercadoLibre (NASDAQ: MELI) Middleby (NASDAQ: MIDD) Looks like players are interested in a retail bounceback in AutoZone, renewed restaurant energy for Middleby, and continued online outperformance from MercadoLibre.
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Last week, top investors liked these three: Dave & Buster's (NASDAQ: PLAY) TripAdvisor (NASDAQ: TRIP) 3D Systems (NYSE: DDD) Get marooned If Investor Island sounds like the kind of learning you can get behind, we'd love to see you in our ranks. The Motley Fool doesn't think so. In turn, the Stock Gods reward outperforming companies with valuable gems, which allow the island's inhabitants to construct statues, challenge rivals, and accrue spells.
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bcf6f53e-883f-4340-8881-f5c43da8904e
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716646.0
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2021-03-24 00:00:00 UTC
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DDD, AONE, RAVN, ION: 4 Stocks That Cathie Wood’s ARK Funds Are Betting On Today
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DDD
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https://www.nasdaq.com/articles/ddd-aone-ravn-ion%3A-4-stocks-that-cathie-woods-ark-funds-are-betting-on-today-2021-03-24
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Cathie Wood’s Ark Invest continues to add more shares to its holdings with it picking out a few companies worth noting on Wednesday.
Source: shutterstock.com/FabrikaSimf
Cathie Wood’s investments have been something that investors track as her ETFs have been gaining more attention of late. The investor has become a favorite on social media for her well-researched investments that age well over time.
With that in mind, let’s take a look at some of the biggest investments from Cathie Wodd’s Ark funds today, including how they are moving as of this writing.
3D Systems Corporation (NYSE:DDD)
DDD stock is mostly unmoved today.
ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) picked up 558,900 shares of DDD stock today. 3D Systems Corp is a 3D printing company based out of Rock Hill, SC. Nearly 2 million shares have traded today.
one (NYSE:AONE)
AONE stock is down 1.4% today.
ARKQ also snatched up an additional 225,000 shares of AONE stock today. One is a special purpose acquisition company (SPAC) preparing to bring 3D printing company Markforged public. Roughly 760,000 shares have changed hands today.
Take Your Profits! 7 Covid Winners to Sell Now
Raven Industries, Inc. (NASDAQ:RAVN)
RAVN stock is down 1.9% today.
RAVN stock also got grabbed by ARKQ today with the ETF acquiring more than 180,000 shares. Raven Industries is a manufacturer of precision agriculture products and other devices. It’s seen about 177,000 shares trade today.
Ionis Pharmaceuticals Inc (NASDAQ:IONS)
IONS stock is up 1.5% today.
IONS stock closed out the list with ARK Genomic Revolution ETF (BATS:ARKG) adding over 584,000 shares. Ionis Pharmaceuticals is a biotechnology based in California working on RNA-targeted therapeutics. About 1.5 million shares of the stock have traded today.
Of course, these are nowhere near the only companies that Cathie Wood has shown an interest in.
The Ark Invest founder has been picking up shares in quite a few different stocks over the last few weeks. Draftkings (NASDAQ:DKNG), Skillz (NYSE:SKLZ), and Zoom Media (NASDAQ:ZM) are among some of her recent picks. Learn more about those choices below.
More Cathie Wood News
DKNG, SKLZ: What Stocks Is Cathie Wood Buying Now?
Cathie Wood Stocks: The Winners and Losers in ARKK ETF Today
ARK Invest Buys: What Stocks Is Cathie Wood Buying on the Dip This Week?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post DDD, AONE, RAVN, ION: 4 Stocks That Cathie Wood’s ARK Funds Are Betting On Today appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) picked up 558,900 shares of DDD stock today. The post DDD, AONE, RAVN, ION: 4 Stocks That Cathie Wood’s ARK Funds Are Betting On Today appeared first on InvestorPlace. 3D Systems Corporation (NYSE:DDD) DDD stock is mostly unmoved today.
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The post DDD, AONE, RAVN, ION: 4 Stocks That Cathie Wood’s ARK Funds Are Betting On Today appeared first on InvestorPlace. 3D Systems Corporation (NYSE:DDD) DDD stock is mostly unmoved today. ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) picked up 558,900 shares of DDD stock today.
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The post DDD, AONE, RAVN, ION: 4 Stocks That Cathie Wood’s ARK Funds Are Betting On Today appeared first on InvestorPlace. 3D Systems Corporation (NYSE:DDD) DDD stock is mostly unmoved today. ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) picked up 558,900 shares of DDD stock today.
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The post DDD, AONE, RAVN, ION: 4 Stocks That Cathie Wood’s ARK Funds Are Betting On Today appeared first on InvestorPlace. 3D Systems Corporation (NYSE:DDD) DDD stock is mostly unmoved today. ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) picked up 558,900 shares of DDD stock today.
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ada022a3-63f6-4e56-a95d-eb1878690832
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716647.0
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2021-03-21 00:00:00 UTC
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2 Key Things From 3D Systems Earnings Call That Investors Should Know
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DDD
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https://www.nasdaq.com/articles/2-key-things-from-3d-systems-earnings-call-that-investors-should-know-2021-03-21
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Earlier this month, 3D Systems (NYSE: DDD) reported fourth-quarter and full-year 2020 results. For the quarter, the 3D printing company's revenue rose 2.7% year over year to $172.7 million, driven by strength in the healthcare segment. Adjusted for one-time items, net income widened 93% to $10.6 million, which translated to an 80% jump in earnings per share (EPS) to $0.09.
Shares plunged 19.6% the following day. The fact that the results were preliminary and that management didn't issue revenue or earnings guidance probably helped drive the market's negative reaction. "Both these things add to uncertainty -- and the market hates uncertainty," as I wrote in my earnings article.
Some investors also might have been concerned that the slight Q4 adjusted EPS -- by just $0.01 -- missed the Wall Street expectation, though it seems unlikely that was a noble factor. In addition, general market dynamics probably played at least a minor role. During the time the company reported, investors were rotating out of highly valued so-called growth stocks, particularly those in the technology realm, because of concerns about heating up inflation.
Despite its more recent pullback, 3D Systems stock is still up 174% this year through March 19. The S&P 500 has returned 4.6% over this period.
Earnings releases tell only part of the story. Following are two key things from the company's Q4earnings callthat investors should know.
Image source: Getty Images.
1. Revenue growth in the double-digit percentages is "attainable" in 2021
From CEO Jeffrey Graves' remarks:
I think the double-digit [year-over-year revenue] growth rate is perfectly attainable in our core business. ... [There could] be some short-term noise as we may or may not choose to divest some assets. ... But when you look at our core additive manufacturing business, I'm very bullish on double-digit growth.
As to this comment, the "core business" would exclude any acquisitions or divestitures the company makes in 2021. Graves prefaced his assertion by saying it's based on the negative impacts of the receding COVID-19 pandemic and rebounding global economies.
2. Pent-up demand for healthcare is poised to be a growth driver in 2021 and beyond
From Graves' remarks:
I'm particularly excited around healthcare. I think a lot of folks put off healthcare treatments during the COVID period, and [in the fourth quarter] they've come back strongly in both dentistry and other medical applications.
I think, once we get through summertime, unless these variants in the virus prove to be substantial, it looks like that momentum will continue and just continue to accelerate as the world opens.
I agree with Graves that the company's healthcare business has significant growth potential over the near and intermediate terms, for the reason he outlined.
It's a given that increased revenue growth in the healthcare segment would be a good thing. But it's an even better thing when you consider that the healthcare business "brings a bit higher gross margin on average than our industrial business," as Graves said. In other words, revenue growth in the healthcare business should have an outsize positive effect on the company's bottom-line results.
That said, competition in the 3D-printing healthcare arena is heating up. Last week, for instance, Desktop Metal (NYSE: DM) announced the launch of Desktop Health when it released its fourth-quarter results. This new business unit will focus on patient-specific healthcare products.
Desktop Metal now has polymer 3D-printing capabilities thanks to its recent acquisition of EnvisionTEC, meaning it can compete in a wider variety of healthcare applications. Moreover, it's flush with cash because it just joined the public markets in December. It went public through a reverse merger with a special-purpose acquisition company, which is faster and less expensive than the traditional initial public offering route.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earlier this month, 3D Systems (NYSE: DDD) reported fourth-quarter and full-year 2020 results. The fact that the results were preliminary and that management didn't issue revenue or earnings guidance probably helped drive the market's negative reaction. During the time the company reported, investors were rotating out of highly valued so-called growth stocks, particularly those in the technology realm, because of concerns about heating up inflation.
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Earlier this month, 3D Systems (NYSE: DDD) reported fourth-quarter and full-year 2020 results. For the quarter, the 3D printing company's revenue rose 2.7% year over year to $172.7 million, driven by strength in the healthcare segment. Revenue growth in the double-digit percentages is "attainable" in 2021 From CEO Jeffrey Graves' remarks: I think the double-digit [year-over-year revenue] growth rate is perfectly attainable in our core business.
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Earlier this month, 3D Systems (NYSE: DDD) reported fourth-quarter and full-year 2020 results. Revenue growth in the double-digit percentages is "attainable" in 2021 From CEO Jeffrey Graves' remarks: I think the double-digit [year-over-year revenue] growth rate is perfectly attainable in our core business. In other words, revenue growth in the healthcare business should have an outsize positive effect on the company's bottom-line results.
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Earlier this month, 3D Systems (NYSE: DDD) reported fourth-quarter and full-year 2020 results. Despite its more recent pullback, 3D Systems stock is still up 174% this year through March 19. In other words, revenue growth in the healthcare business should have an outsize positive effect on the company's bottom-line results.
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d58fa24b-186e-46dc-8b27-aa828c825e31
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716648.0
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2021-03-19 00:00:00 UTC
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3D Systems Collaborates With Huntington Ingalls To Develop New Alloys
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DDD
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https://www.nasdaq.com/articles/3d-systems-collaborates-with-huntington-ingalls-to-develop-new-alloys-2021-03-19
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nan
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nan
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3D Systems announced a collaboration with Huntington Ingalls Industries’ Newport News Shipbuilding division to develop new alloys. The two companies are developing Copper-Nickel (CuNi) and Nickel-Copper (NiCu) alloys for direct metal printing.
3D Systems’ (DDD) co-founder Chuck Hull said, “Customer-centric innovation has been a driving force for 3D Systems since its founding. Through our on-going collaboration with Newport News Shipbuilding, we have yet another opportunity to bring to bear our deep materials science and application engineering expertise – allowing our customers to maximize the power of additive manufacturing within their organization.”
CuNi and NiCu are ideal for marine uses as these alloys are resistant to corrosion. Current casting methods for these alloys require lead times of up to 12 months. With metal 3D printing these lead times can be shortened to only a fraction of the traditional procurement time.
Dave Bolcar, Vice President of engineering and design for Newport News Shipbuilding said, “Over the past few years, our companies have collaborated to support the qualification of metal additive manufacturing technologies in order to build parts for naval warships and conducted research and development of a corrosion performance design guide for direct metal printing of a nickel-based alloy. We’re looking forward to expanding on these efforts.” (See 3D Systems stock analysis on TipRanks)
3D Systems has long-term experience of contributing additive manufacturing know-how to the U.S. Navy. Its solutions are used in aircraft parts and submersible components.
On March 2, Needham analyst James Ricchiuti reiterated a Hold rating on the stock without assigning any price target. Ricchiuti said, “Investor sentiment in the 3D printing space has been improving in recent months, reflecting signs of a gradual industry recovery and in the case of 3D Systems more optimism about new management’s efforts to restart growth and drive operating leverage in the model. There is potential for more significant upside in earnings coming mainly from cost-reduction initiatives going forward.”
Turning to rest of the Street, 3D Systems has a Hold consensus rating based on 6 Holds and 1 Sell. The average analyst price target of $26.50 implies about 11.2% downside potential from current levels. The stock has seen a jump of about 332.6% over the past year.
Related News:
Signet Jewelers’ Sales Outlook Tops Estimates After 4Q Beat; Shares Jump Pre-Market
Smartsheet Posts Better-Than-Feared Quarterly Loss, Sales Outperform
Petco’s Quarterly Results Outperform As Digital Sales Boom; Street Sees Over 31% Upside
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems’ (DDD) co-founder Chuck Hull said, “Customer-centric innovation has been a driving force for 3D Systems since its founding. Through our on-going collaboration with Newport News Shipbuilding, we have yet another opportunity to bring to bear our deep materials science and application engineering expertise – allowing our customers to maximize the power of additive manufacturing within their organization.” CuNi and NiCu are ideal for marine uses as these alloys are resistant to corrosion. Dave Bolcar, Vice President of engineering and design for Newport News Shipbuilding said, “Over the past few years, our companies have collaborated to support the qualification of metal additive manufacturing technologies in order to build parts for naval warships and conducted research and development of a corrosion performance design guide for direct metal printing of a nickel-based alloy.
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3D Systems’ (DDD) co-founder Chuck Hull said, “Customer-centric innovation has been a driving force for 3D Systems since its founding. The two companies are developing Copper-Nickel (CuNi) and Nickel-Copper (NiCu) alloys for direct metal printing. Dave Bolcar, Vice President of engineering and design for Newport News Shipbuilding said, “Over the past few years, our companies have collaborated to support the qualification of metal additive manufacturing technologies in order to build parts for naval warships and conducted research and development of a corrosion performance design guide for direct metal printing of a nickel-based alloy.
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3D Systems’ (DDD) co-founder Chuck Hull said, “Customer-centric innovation has been a driving force for 3D Systems since its founding. Through our on-going collaboration with Newport News Shipbuilding, we have yet another opportunity to bring to bear our deep materials science and application engineering expertise – allowing our customers to maximize the power of additive manufacturing within their organization.” CuNi and NiCu are ideal for marine uses as these alloys are resistant to corrosion. Dave Bolcar, Vice President of engineering and design for Newport News Shipbuilding said, “Over the past few years, our companies have collaborated to support the qualification of metal additive manufacturing technologies in order to build parts for naval warships and conducted research and development of a corrosion performance design guide for direct metal printing of a nickel-based alloy.
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3D Systems’ (DDD) co-founder Chuck Hull said, “Customer-centric innovation has been a driving force for 3D Systems since its founding. With metal 3D printing these lead times can be shortened to only a fraction of the traditional procurement time. Dave Bolcar, Vice President of engineering and design for Newport News Shipbuilding said, “Over the past few years, our companies have collaborated to support the qualification of metal additive manufacturing technologies in order to build parts for naval warships and conducted research and development of a corrosion performance design guide for direct metal printing of a nickel-based alloy.
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2a8d036f-9c76-4c75-b1e2-0962b034b320
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716649.0
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2021-03-16 00:00:00 UTC
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Desktop Metal Earnings: What Investors Should Know
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DDD
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https://www.nasdaq.com/articles/desktop-metal-earnings%3A-what-investors-should-know-2021-03-16
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nan
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nan
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Desktop Metal (NYSE: DM) reported fourth-quarter and full-year 2020 results before the market open on Monday.
The market's initial reaction was neutral. Shares of the 3D printing company, which went public in December via a reverse merger with a special purpose acquisition company (SPAC), edged up 0.8% on Monday. (This method of going public is faster and less expensive than the traditional initial public offering route.) The S&P 500 rose 0.7%.
In 2021, Desktop Metal stock has taken investors on a roller coaster ride. It soared through early February, nearly doubling, before significantly pulling back. Nonetheless, it's still up about 23% through March 15, compared with the S&P 500's 8% return.
Image source: Getty Images.
Desktop Metal's key numbers
Given the company is small and this was its first release of results as a public company, the following chart presents its full-year 2020 results, rather than its fourth-quarter results.
METRIC 2020 2019
CHANGE
Revenue $16.5 million $26.4 million (38%)
Operating income ($92.1 million) ($109.0 million) Loss narrowed 16%
Net income ($90.4 million) ($103.6 million) Loss narrowed 13%
Earnings per share ($0.57) ($0.69) Loss narrowed 17%
Data source: Desktop Metal.
In 2020, products revenue dropped 40% year over year to $13.7 million and services revenue fell 25% to $2.8 million.
For 2020, Wall Street was looking for a loss per share of $0.41 on revenue of $18.1 million. So Desktop fell short on both counts. That said, investors should give even less weight than usual to the Street's expectations, given two factors: The company is newly public and only a few analysts provided projections for the top and bottom lines.
The company attributed the year-over-year revenue decline primarily to the COVID-19 pandemic, which caused some customers and potential customers to pause their ordering and resulted in longer sales cycles. Unfortunately, we have no way of teasing out the pandemic's effect.
In Q4, Desktop Metal generated revenue of $8.4 million and posted a net loss of $25.4 million. That revenue result was up significantly from the third quarter's revenue of $2.5 million. That's a positive sign, but investors shouldn't read too much into quarter-to-quarter revenue fluctuations. The company's small size means that revenue will likely be quite "lumpy."
For context, in Q4, the first movers in the 3D printing space, 3D Systems and Stratasys, generated revenue of $172.7 million and $142.4 million, respectively.
Desktop Metal ended the period with $595.4 million in cash, cash equivalents, and short-term investments.
What management had to say
Here's much of what CEO Ric Fulop said in the earnings release:
We achieved key milestones in our path to driving adoption of additive manufacturing with the [commencement of] global shipments of our Shop System and Production System P-1 solutions. Our acquisition of EnvisionTEC in February strengthens our market position by adding a compelling lineup of production-focused photopolymer printers and over 190 qualified materials to our portfolio. We are excited to continue building on our strong momentum by capitalizing on both high levels of customer interest and inorganic opportunities [potential acquisitions] in the space as we enter this next chapter of our growth story.
The two metal 3D printing systems Fulop mentioned began shipping in the fourth quarter. So, over the next few quarters, investors should be able to gauge demand for these systems.
Desktop Health
Along with its financial results, the company also announced the launch of Desktop Health, a new business unit "dedicated to redefining patient-specific healthcare."
This business will pursue "current and future applications spanning dentistry, orthodontics, dermatology, orthopedics, cardiology, plastic surgery, and printed regenerative tissues and grafts," the press release said.
Looking ahead
In the earnings presentation, management guided for 2021 revenue of more than $100 million. It expects modest sequential growth in the first quarter, with more substantial acceleration beginning in the second quarter. This dynamic is surely largely due to the fact that EnvisionTEC was acquired in February.
At this point, Desktop Metal stock is speculative. As is typical for companies early in their commercialization journeys, Desktop Metal is unprofitable. Its revenue decline of 38% year over year underscores that caution is warranted.
The company's metals 3D printing technology seems promising. But significant revenue growth and profitability in its metals business is likely quite a way off.
EnvisionTEC, however, is more established, and should not only rev up revenue growth, but could also help Desktop Metal achieve profitability sooner.
10 stocks we like better than Desktop Metal, Inc.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That said, investors should give even less weight than usual to the Street's expectations, given two factors: The company is newly public and only a few analysts provided projections for the top and bottom lines. We are excited to continue building on our strong momentum by capitalizing on both high levels of customer interest and inorganic opportunities [potential acquisitions] in the space as we enter this next chapter of our growth story. This business will pursue "current and future applications spanning dentistry, orthodontics, dermatology, orthopedics, cardiology, plastic surgery, and printed regenerative tissues and grafts," the press release said.
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Revenue $16.5 million $26.4 million (38%) Operating income ($92.1 million) ($109.0 million) Loss narrowed 16% Net income ($90.4 million) ($103.6 million) Loss narrowed 13% Earnings per share ($0.57) ($0.69) Loss narrowed 17% Data source: Desktop Metal. In Q4, Desktop Metal generated revenue of $8.4 million and posted a net loss of $25.4 million. The two metal 3D printing systems Fulop mentioned began shipping in the fourth quarter.
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Desktop Metal's key numbers Given the company is small and this was its first release of results as a public company, the following chart presents its full-year 2020 results, rather than its fourth-quarter results. Revenue $16.5 million $26.4 million (38%) Operating income ($92.1 million) ($109.0 million) Loss narrowed 16% Net income ($90.4 million) ($103.6 million) Loss narrowed 13% Earnings per share ($0.57) ($0.69) Loss narrowed 17% Data source: Desktop Metal. In Q4, Desktop Metal generated revenue of $8.4 million and posted a net loss of $25.4 million.
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Desktop Metal's key numbers Given the company is small and this was its first release of results as a public company, the following chart presents its full-year 2020 results, rather than its fourth-quarter results. That revenue result was up significantly from the third quarter's revenue of $2.5 million. 10 stocks we like better than Desktop Metal, Inc.
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de6a0d4a-1205-4e61-bde6-22d853284fa6
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716650.0
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2021-03-11 00:00:00 UTC
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DDD April 30th Options Begin Trading
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DDD
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https://www.nasdaq.com/articles/ddd-april-30th-options-begin-trading-2021-03-11
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 30th contracts and identified one put and one call contract of particular interest.
The put contract at the $27.50 strike price has a current bid of $3.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $27.50, but will also collect the premium, putting the cost basis of the shares at $24.00 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $28.80/share today.
Because the $27.50 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 12.73% return on the cash commitment, or 92.99% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $27.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $29.50 strike price has a current bid of $3.70. If an investor was to purchase shares of DDD stock at the current price level of $28.80/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $29.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.28% if the stock gets called away at the April 30th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $29.50 strike highlighted in red:
Considering the fact that the $29.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 12.85% boost of extra return to the investor, or 93.86% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example above is 167%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $28.80) to be 118%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $29.50 strike highlighted in red: Considering the fact that the $29.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 30th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $29.50 strike highlighted in red: Considering the fact that the $29.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 30th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $29.50 strike highlighted in red: Considering the fact that the $29.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 30th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 30th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 30th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $29.50 strike highlighted in red: Considering the fact that the $29.50 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 30th expiration.
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26d92eba-f470-41a8-9483-51ebcb76fcf7
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716651.0
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2021-03-10 00:00:00 UTC
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3D Systems Reaches Analyst Target Price
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DDD
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https://www.nasdaq.com/articles/3d-systems-reaches-analyst-target-price-2021-03-10
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nan
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nan
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $25.00, changing hands for $26.01/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 6 different analyst targets contributing to that average for 3D Systems Corp. , but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $14.00. And then on the other side of the spectrum one analyst has a target as high as $31.00. The standard deviation is $6.324.
But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $25.00/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $25.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover 3D Systems Corp. :
RECENT DDD ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 0 0 2 2
Buy ratings: 0 0 0 0
Hold ratings: 6 5 2 2
Sell ratings: 1 1 1 1
Strong sell ratings: 1 1 2 2
Average rating: 3.38 3.43 3.14 3.14
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DDD — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $25.00, changing hands for $26.01/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $25.00/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $25.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $25.00, changing hands for $26.01/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $25.00/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $25.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with DDD crossing above that average target price of $25.00/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $25.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $25.00, changing hands for $26.01/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $25.00, changing hands for $26.01/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $25.00/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $25.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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de0eace2-dbc5-44cd-9094-d54c8af1b81a
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716652.0
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2021-03-05 00:00:00 UTC
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KOMP, VUZI, RIOT, DDD: ETF Outflow Alert
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DDD
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https://www.nasdaq.com/articles/komp-vuzi-riot-ddd%3A-etf-outflow-alert-2021-03-05
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P Kensho New Economies Composite ETF (Symbol: KOMP) where we have detected an approximate $106.4 million dollar outflow -- that's a 5.4% decrease week over week (from 30,980,000 to 29,300,000). Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is off about 14.8%, Riot Blockchain Inc (Symbol: RIOT) is down about 11.7%, and 3D Systems Corp. (Symbol: DDD) is lower by about 9.9%. For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average:
Looking at the chart above, KOMP's low point in its 52 week range is $23.66 per share, with $76.76 as the 52 week high point — that compares with a last trade of $61.02. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is off about 14.8%, Riot Blockchain Inc (Symbol: RIOT) is down about 11.7%, and 3D Systems Corp. (Symbol: DDD) is lower by about 9.9%. For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average: Looking at the chart above, KOMP's low point in its 52 week range is $23.66 per share, with $76.76 as the 52 week high point — that compares with a last trade of $61.02. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is off about 14.8%, Riot Blockchain Inc (Symbol: RIOT) is down about 11.7%, and 3D Systems Corp. (Symbol: DDD) is lower by about 9.9%. For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average: Looking at the chart above, KOMP's low point in its 52 week range is $23.66 per share, with $76.76 as the 52 week high point — that compares with a last trade of $61.02. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is off about 14.8%, Riot Blockchain Inc (Symbol: RIOT) is down about 11.7%, and 3D Systems Corp. (Symbol: DDD) is lower by about 9.9%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P Kensho New Economies Composite ETF (Symbol: KOMP) where we have detected an approximate $106.4 million dollar outflow -- that's a 5.4% decrease week over week (from 30,980,000 to 29,300,000). For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average: Looking at the chart above, KOMP's low point in its 52 week range is $23.66 per share, with $76.76 as the 52 week high point — that compares with a last trade of $61.02.
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Among the largest underlying components of KOMP, in trading today Vuzix Corp (Symbol: VUZI) is off about 14.8%, Riot Blockchain Inc (Symbol: RIOT) is down about 11.7%, and 3D Systems Corp. (Symbol: DDD) is lower by about 9.9%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P Kensho New Economies Composite ETF (Symbol: KOMP) where we have detected an approximate $106.4 million dollar outflow -- that's a 5.4% decrease week over week (from 30,980,000 to 29,300,000). For a complete list of holdings, visit the KOMP Holdings page » The chart below shows the one year price performance of KOMP, versus its 200 day moving average: Looking at the chart above, KOMP's low point in its 52 week range is $23.66 per share, with $76.76 as the 52 week high point — that compares with a last trade of $61.02.
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2021-03-03 00:00:00 UTC
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3D Systems vs. Stratasys: Which Had the Better Q4 Earnings Results?
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DDD
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https://www.nasdaq.com/articles/3d-systems-vs.-stratasys%3A-which-had-the-better-q4-earnings-results-2021-03-03
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On Monday, both 3D Systems and Stratasys released their fourth-quarter 2020 reports. (3D Systems' results are here.) We're going to compare the two 3D printing companies' results metric for metric.
Keep in mind that qualitative factors can be just as important as quantitative ones, and we're looking at just one quarter's worth of data. Even with these caveats, however, the findings from this exercise should help you make investing decisions in the 3D printing space.
Also, note that 3D Systems' results were only preliminary. The company said it was filing the appropriate form with the Securities and Exchange Commission to extend the deadline for filing its official results.
Image source: Getty Images.
Revenue
COMPANY
Q4 2020 RESULTS
3D Systems (NYSE: DDD)
$172.7 million, up 2.6% from the year-ago period
Stratasys (NASDAQ: SSYS)
$142.4 million, down 13% from the year-ago period
Data sources: company earnings reports.
Advantage: 3D Systems.
3D Systems wins this category since its revenue increased year over year, though modestly, while its competitor's revenue declined.
That said, neither company is performing well from a sales growth perspective. Both were struggling to grow revenue before the COVID-19 pandemic, and their struggles intensified when it began. That's largely because many of their customers and potential customers in the industrial sector temporarily halted operations during the crisis.
On the flip side, however, the pandemic could prove to be a long-term growth catalyst for their businesses. Some companies used 3D printing to produce some critical components when their usual supply chains were disrupted.
For the full year, 3D Systems and Stratasys posted revenue declines of 12% and 18%, respectively.
GAAP earnings per share
COMPANY
Q4 2020 RESULT
3D Systems
($0.16), down from ($0.04) in the year-ago period
Stratasys
$0.20, up from ($0.05) in the year-ago period
Data sources: company earnings reports. GAAP = generally accepted accounting principles.
Advantage: N/A.
Looking at just the headline numbers, it might appear that Stratasys wins on this metric since it generated a GAAP profit and 3D Systems did not.
However, it seems fairer to throw this category out. The only reason Stratasys reported a profit was because of a big income tax benefit that was larger than its operating loss.
Neither company took a goodwill impairment charge in the fourth quarter (as they both did in the third quarter), so that line item wasn't a factor in the GAAP results.
Adjusted EPS
COMPANY
Q4 2020 RESULT
3D Systems
$0.09, up from $0.05 in the year-ago period
Stratasys
$0.13, down from $0.18 in the year-ago period
Data sources: company earnings reports.
Advantage: 3D Systems.
3D Systems gets the win here, as its adjusted EPS increased from the year-ago period, while Stratasys' went in the opposite direction. That said, 3D Systems had an easier comparable.
Adjusted gross margin
COMPANY
Q4 2020 RESULT
3D Systems
42.9%, down from 44.3% in the year-ago period
Stratasys
49.5%, down from 52.4% in the year-ago period
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys easily wins this category. Why does this metric matter? A higher gross margin relative to a competitor with a similar business can reflect stronger pricing power.
Liquidity -- operating cash flow and cash on hand
COMPANY
Q4 2020 RESULTS
3D Systems
Generated positive operating cash flow; amount currently not known.
Ended the quarter with $75 million in cash and cash equivalents.
Had debt of $21.4 million.
Stratasys
Generated $23.7 million in cash from operations.
Ended the quarter with $299.1 million in cash and cash equivalents.
Had no debt.
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys is the victor here. It had more cash on hand than did 3D Systems. Investors should note, however, that soon after the fourth quarter ended, 3D Systems closed on the sale of its non-core software businesses, Cimatron and GibbsCam. It paid off its outstanding debt of $21.4 million using a portion of the $64.2 million in proceeds it generated from the sale.
We can't compare operating cash flows because 3D Systems didn't provide this data in its preliminary results. It said in the earnings release that the delay in filing its official results was "primarily related to the presentation of cash flows associated with the divestiture process" for Cimatron and GibbsCam. That said, we do know from theearnings calland presentation that the company returned to generating positive operating cash flow in the quarter.
Research and development spending
COMPANY
Q4 2020 RESULT
3D Systems
$19.0 million, or 11% of revenue
Stratasys
$19.0 million, or 13.3% of revenue
Data sources: company earnings reports.
Advantage: Tie.
I'm calling this category a tie. Stratasys spent a higher percentage of its revenue on R&D, which which is usually the best metric to gauge this type of spending. That said, the only reason its percentage was higher than its rival's is that its revenue fell more in 2020.
Indeed, the two companies generated nearly identical revenues in 2019 (3D Systems: $636.4 million; Stratasys: $636.1 million). In other words, they both were probably setting R&D budgets for 2020 based on approximately the same amount of revenue.
Investing in R&D is critical for companies in the technology space if they want to stay competitive.
The winner is... it's a tie
Score: 3D Systems: 2.5 points; Stratasys: 2.5 points
Keep in mind the two caveats mentioned at the top of this article: Qualitative factors can be as important as quantitative ones, and we only considered one quarter's results.
Moreover, we also didn't look at stock valuations. In terms of share prices, in 2021, 3D Systems was up by 197% through Tuesday, while Stratasys was up by nearly 56%. The S&P 500 gained 3.3% over this period.
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*Stock Advisor returns as of February 24, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) $172.7 million, up 2.6% from the year-ago period Stratasys (NASDAQ: SSYS) $142.4 million, down 13% from the year-ago period Data sources: company earnings reports. The only reason Stratasys reported a profit was because of a big income tax benefit that was larger than its operating loss. Investors should note, however, that soon after the fourth quarter ended, 3D Systems closed on the sale of its non-core software businesses, Cimatron and GibbsCam.
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3D Systems (NYSE: DDD) $172.7 million, up 2.6% from the year-ago period Stratasys (NASDAQ: SSYS) $142.4 million, down 13% from the year-ago period Data sources: company earnings reports. 3D Systems ($0.16), down from ($0.04) in the year-ago period Stratasys $0.20, up from ($0.05) in the year-ago period Data sources: company earnings reports. 3D Systems $19.0 million, or 11% of revenue Stratasys $19.0 million, or 13.3% of revenue Data sources: company earnings reports.
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3D Systems (NYSE: DDD) $172.7 million, up 2.6% from the year-ago period Stratasys (NASDAQ: SSYS) $142.4 million, down 13% from the year-ago period Data sources: company earnings reports. 3D Systems ($0.16), down from ($0.04) in the year-ago period Stratasys $0.20, up from ($0.05) in the year-ago period Data sources: company earnings reports. 3D Systems $19.0 million, or 11% of revenue Stratasys $19.0 million, or 13.3% of revenue Data sources: company earnings reports.
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3D Systems (NYSE: DDD) $172.7 million, up 2.6% from the year-ago period Stratasys (NASDAQ: SSYS) $142.4 million, down 13% from the year-ago period Data sources: company earnings reports. We're going to compare the two 3D printing companies' results metric for metric. We can't compare operating cash flows because 3D Systems didn't provide this data in its preliminary results.
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2021-03-02 00:00:00 UTC
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3D Systems Corp (DDD) Q4 2020 Earnings Call Transcript
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DDD
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https://www.nasdaq.com/articles/3d-systems-corp-ddd-q4-2020-earnings-call-transcript-2021-03-02
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Image source: The Motley Fool.
3D Systems Corp (NYSE: DDD)
Q4 2020 Earnings Call
Mar 2, 2021, 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to the 3D Systems Conference Call and Audio Webcast to discuss the Preliminary Results of the Fourth Quarter and Full Year 2020. My name is Brock, and I will facilitate the audio portion of today's interactive broadcast. [Operator Instructions] As a reminder, this conference is being recorded.
At this time, I would like to turn the call over to Melanie Solomon, Investor Relations.
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*Stock Advisor returns as of February 24, 2021
Melanie Solomon -- Investor Contact, 3D Systems Corporation
Thank you, Brock. Good morning and welcome to 3D Systems conference call. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Chief Financial Officer; Andrew Johnson, Executive Vice President and Chief Legal Officer; and John Nypaver, Vice President and Treasurer.
The webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along in the phone, who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website. For those who have access to streaming portion of the webcast, please be aware that there may be a few seconds delay and that you will not be able to post questions via the web.
The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements, as described on the slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in last night's press release and our filings with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q.
During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2019.
Now, I'm pleased to turn the call over to Jeff Graves, our CEO. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Melanie, and thank you all for joining our call this morning. Before we begin, let me wish all of you a healthy and happy New Year ahead. 2020 was an unprecedented year for everyone dealing with the COVID virus, but I'm happy to see improvements around the world as the new vaccines are being distributed in increasing numbers. I trust that 2021 will be a much better environment as we emerge from this crisis period.
Before discussing our progress in 2020, let me comment on the postponement of our 10-K filing. As you know, one of our key actions last year was to begin divesting assets that were not core to our Additive Manufacturing business. We quickly prioritized the sale of our two software businesses GibbsCAM and Cimatron. They were focused on subtractive or machining technology. This divestiture, while complex to execute, went very well, and we closed at the end of the year, which allowed us to eliminate our debt and have cash on the balance sheet for future investment.
While this was a great outcome, auditing of the presentation of our cash flow statement proved more challenging than expected, driven in part by the geographic diversity of the divested assets. Our auditors have asked for a little more time to bring their work to a close, and we therefore filed for an extension of our 10-K.
With that said, we were very pleased to be able to release our Q4 and full year operational results last evening, which we have labeled as 'Unaudited' for clarity, and to discuss them with you today.
With that, let me now recap the progress we've made in our business and our view of the future.
For 3D Systems, 2020 presented both significant challenges and, along with them, clear opportunities for us to focus our company on what we believe will be an accelerating need for Additive Manufacturing across many industries moving forward. Many of you may recall that one of my first actions upon joining the company last May was to clearly define our purpose statement, that is to be the leader in enabling additive manufacturing solutions for applications in growing markets that demand high reliability products.
Using this as our guidepost, we then developed a four-stage plan to deliver increased value to both our customers and our shareholders. Our four-part plan was simple: reorganize into two business units, Healthcare and Industrial solutions; restructure our operations to gain efficiencies; divest non-core assets; and invest for accelerated profitable organic growth. We set aggressive measurable goals and timelines and focused intensely on execution. These efforts began bearing fruit quickly with a return to growth in Q3, and rapidly building momentum on both our top and bottom line in Q4.
I'm proud to review a few of the high points from our Q4 with you this morning with Jagtar providing greater detail to you in a few moments.
From a topline perspective, the results really speak for themselves. Both our Healthcare and Industrial businesses delivered exceptional double-digit revenue growth on a consecutive quarter basis with our Healthcare business even surpassing last year's pre-COVID performance by a significant margin. From a bottom-line perspective, the combination of volume growth and the increasing benefit from our restructuring efforts, improved operating margin significantly, returning the company to profitability and positive operating cash performance. This was our first quarter of year-over-year revenue growth since 2018, and we delivered it while still battling the worst global pandemic in modern history and while executing a massive top to bottom reorganization and restructuring of the company.
I could not be prouder of our leadership team and our tremendous employees worldwide who never took their eye off meeting our customer commitments through all of this change. This success has left us in a terrific position moving forward as the virus subsides and the world begins recovering in earnest later this year.
With that quick summary, let me share a few highlights from each phase of our plan. Let's begin with reorganization. As a reminder, our company is focused on application-specific solutions for our core vertical markets, Healthcare and Industrial.
Over the second half of 2020, we reorganized our sales and marketing activities, combining our hardware, material, software, and services resources into a unified application-oriented customer-focused organization, rather than having multiple independent teams as in the past. This reorganization not only improved our sales efficiencies, it also allowed us to work much more effectively with our customers on specific application solutions, which is a cornerstone of our strategy moving forward.
Within each of our two business units, we have market-specific vertical leaders focused on key growth markets, such as dentistry, personalized health services, and medical devices within our Healthcare business, and aerospace, automotive, electronics, and consumer products for our Industrial business units. These business and market leaders determine both our go-to-market strategies and our development priorities for new products and services, ensuring the specific customer application needs are kept at the forefront of our resource allocation process.
In addition to these changes in our sales structure, we also created a new group we call our customer success team. This group ensures that our customer needs continue to be met after their initial purchase over the life of the system. It includes servicing and upgrades of the equipment, providing our customers immediate access to our rapidly expanding materials portfolio, and delivering software upgrades that drive improved efficiencies in their manufacturing environment. These benefits ensure that the value our customers receive from their 3D Systems solution grow substantially over the life of their ownership, which can often exceed 15 years from the initial purchase.
A testament to our success in delivering this value is seen in our customers' operations around the world each day. The 3D Systems technology provides over a 0.5 million production parts every 24 hours, 365 days a year, which is more than the rest of the industry combined. And with the breadth of our additive technologies now spanning an enormous range of plastic and metal application solutions, we're well positioned to build upon this foundation at an even faster pace moving forward.
So with an understanding of how we're organized, let me comment briefly on our sales performance in the fourth quarter and the current market dynamics.
For Healthcare business, we delivered exceptional growth in Q4 and notably this growth was seen broadly in both dental and medical applications, the latter of which includes medical devices, personalized healthcare, simulation systems and -- moving forward -- regenerative medicine or bioprinting for short.
I'll comment further on this new area of the business in a few moments. But for now, suffice to say that our Healthcare business exited the year firing on all cylinders and we're very excited about the short and long-term outlook for this business.
For our Industrial business, while we are still in a recovery phase from the extreme softness we experienced in the middle of 2020, in Q4 we were pleased to build upon the positive momentum we had established in Q3. Our Industrial business growth reflected increased demand in markets like aerospace, automotive and consumer applications as the industrial economy continued to slowly recover. We expect this momentum to continue in 2021. However, the risks of COVID headwind still linger until the vaccines are more widely distributed later this year. Once these pressures fully subside, we're very bullish on the outlook for this business.
Next, I'll spend a few minutes summarizing our restructuring efforts. Last summer, we announced a restructuring program that was designed to ultimately yield a $100 million of run rate cost savings with $60 million to be achieved by the end of 2020. I'm pleased to say that we achieved our $60 million savings target by year-end and that our efforts are continuing unabated.
Looking ahead, we have detailed plans within our core additive business to deliver an additional $20 million in savings this year, with the balance of $100 million linked to our analysis of future divestitures. As these efficiencies are realized, we will make prudent investment decisions to support the increasing opportunities for growth and profitability that we see ahead for our company and for the additive manufacturing industry in total. Jagtar will talk more about this in a few minutes.
Moving next to our divestiture efforts. Having defined our company's focus last summer, we progressively evaluated all of our assets using this lens. It quickly became clear last year that certain of our businesses, while good performers in their own right, clearly did not feel well within our focus on additive manufacturing. As such, we began discussions with interested parties in several areas and successfully completed the sale of Cimatron and GibbsCAM at the year-end. These two businesses were focused on digital machining technologies and, as such, were outside of our core. Completion of the sale brought us increased organizational focus while enabling us to eliminate our debt and add cash to our balance sheet for future investment. We will continue to evaluate assets for divestment, consistent with our core strategy in the quarters ahead.
The fourth phase of our transformation process corresponds to investment for growth. As we move into 2021, we see two significant drivers of accelerated demand. One is the technical maturity of additive solutions on an industrial scale, which is now become increasingly clear to OEMs worldwide. The second is an accelerating cultural change in our customer base associated with the rise of a new generation of engineering design leadership that was exposed from a young age to additive manufacturing. These engineers, which began entering the workforce in large numbers over the last decade, are embracing the benefits and design paradigms associated with additive manufacturing, which essentially decouples component complexity for manufacturing costs. This allows our customers to design products that have greatly enhanced performance and reliability, while avoiding cost penalties that would occur using traditional machining, molding, or casting methods. When combined with the new materials that are now available for printing, the result is a dramatic increase in demand for Additive Manufacturing solutions.
To be a leader in this exciting market, we believe that a company must have expertise in hardware and software, with a strong portfolio of advanced materials to enable application solutions that are critical to our customers' product performance and cost objectives.
Solving for specific applications often requires a unique combination of these elements which we bring together through our application engineering experts. Moreover, many customers have a strong need for both polymer and metal solutions, which is why we continue to invest systematically in both technology areas and leverage them as required to meet these rapidly evolving needs.
Looking ahead, we see significant growth opportunities in each of our core markets. Within Healthcare, this includes dental applications as well as a rapidly growing range of medical device applications and the emerging field of personalized health services. These services encompass both surgical aids that are custom-created, to match a patient's specific procedure as well as implanted devices that aids in the patient's recovery or quality of life. We anticipate all of these applications for which performance and quality are of paramount importance to be both the near-term and long-term drivers of the business.
Adding additional exciting momentum to our Healthcare business over the long-term, meaning 2022 and beyond, will be our newest area of development, regenerative medicine. As we announced in mid-January, over the last three years, our Chief Technology Officer and the Inventor of the entire Additive Manufacturing industry, Chuck Hull and his team, have been working very closely with our partner, United Therapeutics, to demonstrate the capability to actually print human organs in order to address the enormous need of transplant patients.
The first application selected for development was a fully functioning biocompatible human lung. In December, we created a -- we reached a critical milestone in these efforts. In short, we demonstrated the capability to reproducibly print extremely complex, ultra-thin walled structures using collagen-based and other biocompatible materials. These structures which have the required balance of properties needed for organ application, enable vascularization to support blood flow, and thus the ability to sustain human life.
The printed structures are perfused with human cells, which can thrive and multiply, which is why the team has named the process Print to Perfusion.
While there is more work to do, including completion of the required regulatory approvals, the printing technology that has now been demonstrated for the lung application can be taken in many additional directions.
Near term applications are numerous, such as the creation of customized soft tissue implants for trauma patients or for use in breast reconstruction following mastectomy.
In the laboratory, the creation of test modules termed tissue-on-a-chip could be used to better simulate human response to new drug therapies, shortening the development time and reducing or even eliminating the need for animal testing. All of these applications and a host of others are now within reach, which is why we've made the decision to increase our internal investments and to expand our application partnerships in regenerative medicine in 2021.
So in short, looking ahead for Healthcare business, we see an exciting year ahead. This momentum continues to build with expanding applications and an even more exciting long-term outlook as regenerative medicine opens entirely new and potentially significant markets for the company.
Turning to our Industrial business, we see a continuation of recovery as the impact of COVID on the global industrial economies recedes. We are particularly excited about our near-term efforts in space systems, where additive manufacturing of large, complex, metal components for rocket propulsion is helping build a foundation of experience for our newest generation of metal printers, which are particularly well suited to high temperature, lightweight materials.
Automotive and semiconductor equipment applications are also offering near-term growth potential, as is electrical componentry applications where customization is beneficial to performance.
Based upon our development pipeline, we also expect 2021 to be an exciting year for expansion of our materials portfolio, which is central to the benefits that our customers derive from the use of additive manufacturing. The availability of these new materials in concert with our customer success team, organizational change, is intended to maximize the benefits we bring to our customers over the lifetime of their investment in our printing technology.
To end on an exciting note, with regard to our Industrial business, we were very pleased to announce last week a brand new industrial product platform for 3D Systems, which we refer to as High Speed Fusion or our HSF technology. This filament fusion process developed in conjunction with Jabil is specifically targeted at aerospace and automotive applications. Growing out of a project, we referred to as Roadrunner, the printer itself is three times faster and more precise than competing systems in the market today. It also has a significantly larger working volume and very high temperature printing capability that is essential to next generation polymer systems for the demanding aerospace and automotive applications with size, speed and precision that exceeds any of the current market offerings.
Equally important, we will be offering a broad range of materials for this new platform, which should further accelerate its adoption in the market. Based upon our initial analysis, these new markets that Roadrunner will open for us are in excess of $400 million and we'll expand from there as the full capabilities of the new platform are adopted.
This development effort has been under way for over a year, and we expect the platform to be fully available to the market in 2022. This adds one more exciting dimension to our Industrial business.
So let me conclude my introductory comments by saying simply that we're very pleased with our progress over the last six months. We look forward to building upon this momentum with a strong focus on growth and gross profit margin expansion in our core Additive Manufacturing business moving forward.
With a strong balance sheet, improving margins and exciting growth opportunities opening ahead of us, we look forward to a terrific future for all of our stakeholders.
So with that, let me turn the call over to Jagtar, who will now describe our results in more detail. Jagtar?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Thanks, Jeff. Good morning, everyone. Let me begin my commentary by reminding everyone that the financial data that we are discussing remain subject to final audit by our independent registered public accounting firm. As a result, our actual results may differ from the anticipated results discussed.
Next, I'd like to discuss the presentation of our numbers. As Jeff discussed earlier, in the fourth quarter, we achieved a development milestone in our regenerative medicine efforts. This triggered a cash payment from one of our development partners related to this achievement. That payment and our growing initiative in regenerative medicine prompted us to reevaluate our accounting methodology for this contract. As a result of this analysis, in our earnings release, we have recast numbers for prior periods to reflect this accounting change, which is also reflected in my commentary on this call.
However, it is important to note that this recasting has only a minor impact on the numbers and does not have any impact at all on our bottom line reported results. In addition, to be extremely clear, when viewed in the context of our overall revenue growth in the fourth quarter, the impact of this payment was immaterial to our results. Even if the payment would have been entirely excluded, we would still have seen year-over-year growth in the fourth quarter.
Now moving on to the numbers, starting with a look at the full year 2020. 2020 revenue of $557.2 million decreased 12.4% compared to the prior year, primarily due to the impacts of COVID-19, the effects of which occurred most severely at the onset of the pandemic, with a strong rebound in activity in the second half of the year.
As we discuss our results in the future, it will be important to compare our growth to a baseline that excludes revenue from divestiture activities, such as the divestitures that closed just after the new year. This revenue will no longer be part of our operating model, and we want to provide a clear baseline revenue for 2020 on which we intend to grow organically in 2021. As such, excluding $44.4 million of revenue from businesses that were divested last year or at the beginning of this year, baseline 2020 revenue would have been approximately $512.8 million. Our growth from this baseline provides a way to measure performance of our Additive Manufacturing business in 2021.
Gross profit margin on a GAAP basis for the full year 2020 was 40.1% compared to 44.1% in the prior year. Non-GAAP gross profit margin was 42.6% compared to 44.8% in the prior year. Gross profit margin decreased primarily due to the under-absorption of supply chain overhead resulting from lower production and end-of-life inventory changes of $12.4 million and mix.
Operating expenses for the full year 2020 on a GAAP basis increased 1.4% to $342.3 million compared to the prior year. On a non-GAAP basis, operating expenses were $236.9 million, a 16.2% decrease from the prior year. The lower non-GAAP operating expenses reflected savings achieved from cost-restructuring activities as well as reduced hiring and lower travel expenses resulting from the coronavirus pandemic.
Moving on to the specifics of the fourth quarter. For the fourth quarter, we expect revenue of $172.7 million, an increase of 2.6% compared to the fourth quarter of 2019 and an increase of 26.8% compared to the third quarter of 2020, driven by growth in both Healthcare and Industrial. We were quite pleased with this organic revenue growth, which we delivered while still facing headwinds from the pandemic that impacted our operations and those of our customers.
We expect a GAAP loss of $0.16 per share in the fourth quarter of 2020 compared to a GAAP loss of $0.04 in the fourth quarter of 2019.
Turning to non-GAAP results. We expect non-GAAP income of $0.09 per share in the fourth quarter of 2020 compared to non-GAAP income of $0.05 per share in the fourth quarter of 2019.
Consistent with our new strategic focus announced late last year, we are now discussing revenue by market, Healthcare and Industrial. Revenue from Healthcare increased 48% year-over-year and 42.4% quarter-over-quarter to $86.6 million, driven by all parts of the Healthcare business: dental, medical devices, simulators and regenerative medicine. Excluding dental applications, revenue in the balance of the Healthcare business, which we refer to broadly as medical applications, increased 27.7% year-over-year. In short, we were very pleased with both the magnitude and the breadth of the revenue growth in our Healthcare business in the fourth quarter.
Industrial sales decreased 21.6% year-over-year to $86 million as demand has not fully rebounded to pre-pandemic levels. On a sequential quarter-over-quarter basis, we saw broad-based revenue improvement of approximately 14.2% in our Industrial business, with no single customer or segment responsible for the improvement.
Now we turn to gross profit margin. We expect gross profit margin of 42% in the fourth quarter of 2020 compared to 44.1% in the fourth quarter of 2019. Non-GAAP gross profit margin was 42.9%, compared to 44.3% in the same period last year. Gross profit declined year-over-year, primarily as a result of timing and the reallocation of costs from opex to cost of goods sold.
Looking forward, and as mentioned previously, our gross profit will be impacted by the sale of our Cimatron and GibbsCAM software business. While revenue in these two businesses were expected to decline, their divestiture is expected to negatively impact gross margins going forward by about 300 to 400 basis points, while our restructuring and transformation activities will benefit gross margins. Net, going forward in 2021, we expect non-GAAP gross margins in a range of 40% to 44%.
Operating expenses for the fourth quarter were $71.7 million on a GAAP basis, a decrease of 9.2% compared to the fourth quarter of 2019, including an 11.2% decrease in SG&A expenses and a 3.1% decrease in R&D expenses. Importantly, our non-GAAP operating expenses in the fourth quarter were $58 million, a 15.8% decrease from the fourth quarter of the prior year as we saw the benefits from our restructuring efforts. The primary differences between GAAP and non-GAAP operating expenses are $6.1 million in restructuring charges as well as $4 million in amortization of intangibles and stock-based compensation and $3.7 million in legal and divestiture-related charges, consistent with our historical GAAP to non-GAAP adjustments.
Next, I would like to briefly touch on our cost-reduction activities. Recall that in 2020 we announced a restructuring to reduce operating costs by $100 million per year, with $60 million of annualized cost reduction by the end of 2020. As Jeff mentioned, we were pleased that we delivered on our objective of $60 million cost reduction in 2020. In addition, we have plans for an additional $20 million of cost reductions in 2021.
Additional cost reductions beyond what is currently planned for 2021 require us to streamline and integrate parts of our business that we may instead choose to divest. Therefore, the plans to achieve the remaining $20 million toward our $100 million cost-reduction plan will be achieved by divestitures or through further cost reductions that we will implement once we have finalized our divestiture analysis.
As we look forward in 2021, our operating expenses will be impacted by the sale of our Cimatron and GibbsCAM business, our cost-transformation activities and our investment decisions that are expected to drive future growth. We are excited about the opportunities in our markets and will continue to make investments in 2021 to position the company well for future growth.
This quarter, we are introducing adjusted EBITDA as a metric that we find useful in measuring the health of the business. We focus on adjusted EBITDA as evidence of the results of our strategy and restructuring actions, and we believe it is a helpful metric to use to compare to prior results.
Adjusted EBITDA, defined as non-GAAP operating profit plus depreciation, was $28.7 million or 5.2% of revenue in 2020, compared to $31.2 million in 2019 or 4.9% of revenue. For the fourth quarter of 2020, adjusted EBITDA improved materially to $22.9 million or 13.2% of revenue, compared to $12.9 million or 7.7% of revenue in the fourth quarter of 2019. The improvement is the result of the business growth in the quarter as well as the results from our restructuring efforts. We were pleased that we could grow adjusted EBITDA in Q4 despite the challenging economic environment.
Now let's turn to the balance sheet. We ended the quarter with $84.7 million of cash on hand, including restricted cash and cash and assets held for sale. Cash on hand decreased $50 million since the beginning of 2020. Importantly, our cash on hand increased $8.4 million from Q3 2020 to Q4 2020. We did not issue any shares under our at-the-market equity program called the ATM program during the quarter. Therefore, the increase in cash on hand reflects the improved operating performance of the company and the flow-through of cost actions that we have taken.
Our term loan at the end of the year was $21 million. We have a $100 million revolver that was undrawn as of December 31, 2020, and has approximately $62 million of availability based on terms of the agreement.
Following the sale of our Cimatron and GibbsCAM business, which officially closed at the beginning of January, we used part of the proceeds to pay off the term loan, making us debt-free and in net cash position as we moved into the new year. Additionally, as previously discussed, we terminated the ATM program.
As we look forward into 2021, we have greatly improved the operating efficiencies of our business and are continuing to do so. We are focused heavily on reinvesting for growth based on the increasing opportunities we see for our core additive manufacturing business, and we are continuing the evaluation of our portfolio with an eye toward the potential for divestitures and subsequent reinvestment of proceeds into our core business efforts.
We believe that our market opportunity has considerable growth potential. We have made tremendous progress in cost reduction and operational efficiency and have chosen to reinvest portions of the savings back into the business to drive future growth.
With that, I'll turn the call back to Jeff. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Jagtar. In 2020, we completed the reorganization and restructuring of our company to drive growth in our core businesses, successfully achieving our targeted cost savings while focusing on delivering application solutions for our customers. As a result, we're now a company with a strong focus on two key markets, Healthcare and Industrial Solutions, and one that has a much more streamlined and efficient cost structure.
We started 2021 by completing the sale of our Cimatron and GibbsCAM software businesses, and we'll continue to see cost savings from our restructuring efforts throughout the year. We'll continue to explore divesting noncore assets and look to grow our customer relationships through focusing on application solutions in our most exciting growth markets.
We believe revenue in our core business centered around a solutions-based approach to Additive Manufacturing will grow rapidly moving forward. And we'll selectively invest for growth opportunities like regenerative medicine, materials development and ongoing improvement in our product lines.
Many may ask what rapidly means in terms of growth rates. All we can say today is that uncertainty remains around the pace at which COVID impact will receive and the global economies rebound. We're hopeful that the momentum continues to accelerate. And with that, we'll be able to deliver double-digit growth rates in our core additive business in the year ahead, but these next few months will ultimately determine this outcome.
What I can say with certainty is that our continued focus on operational execution. We are very excited about the trajectory we're on and the future value we expect to bring to all of the stakeholders in our company.
And with that, we'll now open the floor for questions. Brock?
Questions and Answers:
Operator
Thank you. [Operator Instructions] Our first question today is from Jim Ricchiuti of Needham & Company. Please proceed with your question.
Jim Ricchiuti -- Needham & Company -- Analyst
Thank you. Good morning. Just a question, I wonder if you could, Jeff, maybe give us a little bit of a sense as to how business is trending thus far in the quarter? We've got about a month left. And I guess where I'm going with this is, if you could talk perhaps to the seasonality, Q4 to Q1, which in past years we've seen declines, and we're in the high teens to -- I think it was 25% last year. So what I guess I'm asking is whether there was perhaps unusual strength in Q4, maybe in medical, that might lead to more seasonality in Q1 of this year? Just trying to get a sense as to how the business is shaping up Q4 to Q1? Thank you.
Jeffrey A. Graves -- Chief Executive Officer and President
Hey, good morning, Jim. Good to hear from you. Yes, that's -- Jim, this is kind of the million-dollar question. It's a competition of factors out there right now. So yes, we do expect kind of normal seasonality Q4 to Q1. The real question is there is a rising tide of applications. And I would tell you, I'm particularly excited around healthcare. I think a lot of folks put off Healthcare treatments during the COVID period, and they've come back strongly in both dentistry and other medical applications. And obviously, the fourth quarter was just tremendous.
And I would expect that Healthcare momentum to continue provided hospitals stay open. And I'm very encouraged about the -- and you probably read as much as I do about the declining, certainly, death rates, but even hospitalization rates from recovery now with the combination of masks and vaccines. So that's really encouraging because hospitals can then address this backlog of patients that need surgery, need devices; dentists, people that need work on their teeth or mouth. So those are all really good for our Healthcare business. I would expect that to continue to have a very strong look ahead. Again, with just a distant caveat around COVID on that market. And it's more of a short-term concern than long term.
I think, once we get through summertime, unless these variants in the virus prove to be substantial, it looks like that momentum will continue and just continue to accelerate as the world opens and probably at an even faster clip, Jim, frankly, because there's a big backlog of demand.
On the Industrial side, it's a little dicier in the short term because it's spotty. You run into countries and borders that shut periodically and especially around the variants in the virus. You -- you'll get a customer in a locale where they suddenly have to shut down for a few weeks or something like that. It doesn't reduce the demand for other product, but it certainly postpones the -- it can postpone order placement. It certainly postpones shipment and installation. And some of these, especially with regard to our metal printers, you don't recognize some of the revenue until the project is completed and demonstrated in the customer factory. So that's been a real drag.
I'm really pleased with the take-up on our metal solutions and how people are embracing those. It's that installation piece and knowing that we can get out to service someone that is the factor.
So I wish I could give you real numbers. I do expect the seasonality to be there. And hopefully, a more normal seasonality kind of impact than was last year. Because I think, in Q1 last year, people were probably already starting to anticipate the virus. So maybe it should return to more normal levels. But I think we've always had significant seasonality in this company. So that -- I don't expect that to ever go away.
But beyond that, I see really strong demand for additive solutions in general for the whole industry. And I think our technology in many, many areas, we have leading technologies. And particularly, the combination of our product and software with our materials platform is really powerful. We have an ability to get out there and address solutions for customers very quickly. without requiring them to go to another materials manufacturer to actually optimize the solution.
So I'm really bullish once the virus lifts in the summer. The question mark is around Q1 and Q2. And so far, so good. We just keep our fingers crossed each day.
Jim Ricchiuti -- Needham & Company -- Analyst
Yeah. That's helpful. On the High Speed Fusion -- just final question. Interesting announcement that you made. And I'm wondering if you can give us a better sense as to when it might be available in '22 and how it's perhaps differentiated from your other polymer printing solutions?
Jeffrey A. Graves -- Chief Executive Officer and President
Yes, certainly, Jim. I -- on the launch date, we said -- we've certainly demonstrated capability on the machine. We have some more normal industrialization and move into manufacturing, so I'll hedge a little bit on the exact launch date in 2022. I'm confident we'll have it out in the market in 2022. And it will be out there, I think, significantly.
In terms of the benefits of the product, Jim, it's a fantastic product. It's our -- the numbers we publicized are over 3 times faster than the current technology that's on the market today being used and a much larger workspace and higher temperature capability, which really opens up a broad range of polymer solutions, particularly for aerospace and demanding automotive parts.
So we -- there is the existing market out there that's substantial, and we estimate that at over $400 million today. I think this machine has a really good chance of, over time, taking a nice share of that business. And then I think when people actually measure the economics and the throughput, it will open up some new markets versus competing technologies.
So we're very bullish. I am thrilled to be able to offer a portfolio of materials when we launch the platform. So there won't be much of a delay between launching the machine and launching materials for our customers to use, which is kind of our trademark. That's what we like to do.
And just like the old cartoon we all grew up with, Roadrunner versus The Coyote, I think this thing is going to run circles around it. I'm really, really bullish on it, Jim.
Operator
The next question is from Greg Palm of Craig-Hallum Capital Group. Please proceed with your question.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yes. Jagtar, Jeff, thanks for taking the questions here. Just starting off, the Healthcare revenue, I think, was really eye opening. And just kind of curious, how much of maybe the upside to that was due to timing of large projects? I don't know if that was a tailwind at all. It sounds like dental was maybe an outsized driver, but just a little bit more color on healthcare, specifically for Q4?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes, Greg, this is Jagtar. So I wouldn't say it was any sort of timing of large projects. I mean, we've talked about the milestone payment that we received in my prepared remarks. That was almost immaterial to our Q4 results. So outside of that, what we saw was kind of normal course of business in both printer sales, material sales, advanced manufacturing and other parts of our Healthcare business. We were very pleased with the broad-based nature of it. We saw very strong performance, as you saw in dental, but we also saw very strong performance outside the dental business. And none of that, I would say, was kind of -- we had large printer orders, but we also had good materials move in other parts of our business. So none of that, I would say, is kind of nonrecurring in nature.
Jeffrey A. Graves -- Chief Executive Officer and President
Greg, I'll just -- I'll give you a little more color. If you picked up the numbers as we went through the script, the overall Healthcare business was up tremendously, I mean, almost 50% year-over-year. It was great. And what was encouraging is the breadth of demand that even the -- if you separate out the dentistry applications from the medical applications broadly, medical applications grew 30% -- almost 30% year-over-year.
So we are just thrilled. This concept of mass customization where you can customize solutions for patients is really catching on. And it's a differentiator for additive manufacturing in general. Because we have very strong application facilities and advanced manufacturing facilities that are approved by the FDA, we can access those applications relatively quickly. And we were really excited to see the -- both the pent-up demand being relieved as well as strongly growing new demand, new applications for additive solutions there.
So we love the Healthcare business, and it's got many facets to it. And longer term, the regenerative medicine -- I don't want to oversell it in the short term, but you fast forward a few years down the road, this idea of implantable biocompatible products for long-term use in the human body is amazing, absolutely amazing.
So I love the business. We continue to invest in it heavily. And we're excited about the growth.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Got it. Good color. And then just as a follow-up, can you comment at all on consumable trends within the quarter? Did that specifically return to growth as well? And if so, any sort of end markets or applications that drove that?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes. So consumables trended about like we have seen historically. We don't break out the specifics of our consumable numbers, but I'll say that it did grow year-over-year, quarter-over-quarter. I wouldn't say there's any specific area that we saw consumable growth. Healthcare was very good for us, in line with the overall Healthcare business, but it grew across all segments of our business.
Jeffrey A. Graves -- Chief Executive Officer and President
No, Greg, I commented briefly in the prepared text about our strong focus on supporting customers over the life of the product once they purchase it. And certainly, the consumable aspect of that is a big deal as is software upgrades. Our printers last generally over 15 years in many environments out there, and we want to make sure we're delivering increasing value over the life of that machine. So they may make a capital purchase upfront, but we want them to get more and more use out of it over time. So we've reorganized our go-to-market team to support that activity. And what will fuel the growth there is the software materials that feed the system.
So we want them to optimize their printing platform every day and then, obviously, get the most value out of it in terms of printed parts. And that's often with our own materials that we provide them, and they've been optimized for printing. So we love that formula. Customers like it. And that's more and more our go-to-market strategy over the life of the machines.
Operator
The next question is from Brian Drab of William Blair.
Brian Drab -- William Blair -- Analyst
Hi. Thanks for taking my questions. I'm looking at the gross margin, first of all. You said Cimatron should be a 300, 400 basis point headwind. That's what I was expecting. The cost-cutting program, though, as it was laid out, had me thinking that $40 million of the $100 million coming from the COGS line, and the commentary thus far have me thinking about $30 million would be out of the 2021 numbers, then that should have a positive impact on gross margin, about 600 basis points.
You did 43% gross margin this year when volume was down severely, so I would think the baseline expectation based on information that analysts had without any volume recovery should have been about 46% for 2021. And I'm wondering if you could just help me bridge from what I was thinking was going to be closer to maybe 46% to the 42% midpoint of the guide.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Sure, Brian, like I said in my prepared remarks, so the Cimatron divestiture was about, call it, 300 to 400 basis point drag on gross margins, right? Now on the cost savings initiatives, we said $60 million we achieved in 2020. About 30% of that, I would say, was on the COGS line, so that would give you about $18 million of flow-through in 2021, some of which was actually recorded in Q3 and Q4 2020, right? We did achieve those numbers during the year. So the gross margin for the year that you're looking at includes a portion of that 30% of the 60% that was saved.
For 2021, as of now, we're talking about $20 million additional savings. Like I said, pending the analysis divestiture. Again, I expect that split to roughly be a 30% of the gross margin line. That will be achieved over the course of the year. So you expect about half of that to actually kind of show up as achieved during the year.
So you net that all out, that doesn't get you back to 400 basis points of gross margin you lost. We expect it to be somewhere in between. And some of the uncertainty will be dependent on growth of the business and the level of printer sales, right? Like we saw in Q4, printer sales were very strong. Printers, lower gross margins than consumables. That drags down our gross margin a little bit. And so hence, the range we're providing for 2021.
Brian Drab -- William Blair -- Analyst
Yes. Okay. That's helpful, because I had 40% coming from COGS. And I note, since the 30 versus 40, it's a full 33% more in cost coming out of COGS that I was assuming. So that will help me get the math straight. Thank you.
And then one other question. I think this is related to divested businesses. I'm just trying to understand if there was something divested in the fourth quarter -- revenue that was divested that was not in the fourth quarter but was in the third quarter because -- just trying to reconcile that I had seen in the press release, right, the pre-announcement that the industrial business was up more than 20% sequentially on an organic basis, but the slides today are showing that the industrial business was up 14%.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes. Those are -- sorry, those are actually two different items. Let me address both of them. With regard to divestitures in the fourth quarter, we divested two small assets, one in China and one in Australia, two small-on-demand printing facilities. I would say the revenue loss for those -- from those in the quarter was relatively material.
Regarding our pre-announcement for Industrial at 20% plus sequential growth versus the 14.2% that were in our kind of actual announcement, the difference there was, frankly, just the mischaracterization of some of our revenue from Healthcare to Industrial in the pre-announcement. We have some small Healthcare customers, small things, small hospitals and the like, highly geographically dispersed, that we mischaracterized, unfortunately, as part of our Industrial business when we did our pre-announcement. But then as we were refining our numbers, we realized that those were actually Healthcare numbers and reflected that in our Healthcare totals rather than our Industrial totals. So that's what flipped that number.
Jeffrey A. Graves -- Chief Executive Officer and President
Brian, the --
Brian Drab -- William Blair -- Analyst
Has that changed previous -- [Speech Overlap] Go ahead. Sorry.
Jeffrey A. Graves -- Chief Executive Officer and President
It's a detail, but it's one that, with your following of the industry, you'll understand. We -- so when you have an emerging customer in healthcare, we often deal with those on a geographic basis through our channels, some indirect, some direct, but through our channels. And the customers we call on out of our Healthcare business directly work through a very dedicated Healthcare channel. Those are the ones that are easy to quantify. It's the collection of geographically distributed ones that it took some refinement here at the end of the year to actually carve out and attribute those to the Healthcare business. So there was some movement in revenue between the two business units as we clarified those small customers. And they are potentially very important for the future, but we call on them initially from a geographic perspective.
Brian Drab -- William Blair -- Analyst
Okay. Got it. Thank you.
Operator
Next question is from Ananda Baruah of Loop Capital. Please proceed with your question.
Ananda Baruah -- Loop Capital -- Analyst
Hi. Good morning, guys. Yes, Jeff, Jagtar, Andy, thanks for taking the question, and solid job guys so far. You did a nice job with everything that you've done.
Just real quick, because I'll be a little sensitive of time here. Jeff, you had made mention about sort of double-digit revenue growth during the prepared remarks in a particular context. I'm just wondering, do you feel any differently today than you did 90 days ago about the potential to be double-digit revenue growth? And there's nothing magical per se about the double-digit revenue growth. I think just having a sense of what you guys think the potential trajectory through this year is and if that's changed over the last 90 days. And then I have a quick follow-up.
Jeffrey A. Graves -- Chief Executive Officer and President
Yes, good morning, Ananda. Thanks for the kind comments. I had to chuckle, because I think views of the world change every 90 minutes, not 90 days. It's -- there's just so much short-term volatility with the virus. I am really pleased -- every announcement I see about vaccines and about just the benefits of social distancing and mask wearing and combined benefit, I'm really pleased with that trend. It's kind of like going on a speed boat through choppy waters. There is still short-term issues that pop up geographically, which are frustrating, around shipments, around servicing and installing equipment, all that stuff.
So there'll be some short-term noise, which is why we're really reluctant to ever comment on revenue in Q1, Q2. But behind that, there is just tremendous growth in applications. And I think, for any company running itself well and has some good position in this industry, there is a really nice tailwind of application growth that's available to folks. I like our combination of technologies very much. I like our -- certainly like our installed base. My goodness. We're putting 0.5 million parts a day in our customer base. And that builds up a wealth of experience you can draw on when you design new products, and it certainly fosters customer relationships. So I am very bullish on the industry. I'm very bullish on our company.
I think the double-digit growth rate is perfectly attainable in our core business. That view has not changed in the last 90 days, to answer your question.
The key for us, there'll be some short-term noise as we may or may not choose to divest some assets. So you've got to always factor those out. But when you look at our core additive manufacturing business, I'm very bullish on double-digit growth and gross margin improvement. We've set kind of a goal for ourselves of being over 50% in gross margin in the coming years and be supported by volume growth. I think that will be exciting. Health care, in general, brings a bit higher gross margin on average than our Industrial business. And all have very big moats to entry, the markets we're targeting.
So it's -- the high growth, it's sustainable growth, and it's expanding gross margins. The exact time frame on getting to those parameters, I can't be specific on. I -- especially in the short term because of the COVID situation, but I would say it gets better generally each day. And we remain very, very excited about the business.
We are coming in excited and sprinting every single day, Ananda. It's -- I have never experienced before in my professional career such an exciting dynamic environment. And those are the folks we're attracting to our company, it's the customers we're attracting to the business. And it's simply fabulous.
Operator
The next question is from Paul Coster of JPMorgan. Please proceed with your question.
Paul Coster -- JPMorgan -- Analyst
Yes. thanks very much for taking my question. Jeff, you have indeed done a great job this last year of bearing down on expenses in addition to everything else. But I wonder, some of the applications that you're going after now are really quite hard, at least that's my impression. And the R&D associated with them has potential to be sort of never-ending, I guess. Is there a risk here that you -- I mean, I guess, people are interested in the scalability of this business over the long haul, and the application-centric approach to it means a lot of R&D just kind of accumulating. Can you scale on that R&D?
Jeffrey A. Graves -- Chief Executive Officer and President
Paul, that is a great question. We have to -- you have to be really careful when you're surrounded by so many targets of exciting things to go do that you're disciplined about how you invest because you could -- and you can see examples in this industry all around you. People chase a lot of different directions. They spend a ton of R&D, try to do it. And we're trying to be a bit more selective than that and go after things that -- the application focus is, in general, a high-touch focus. It's -- we spend our R&D -- to be clear, we spent our R&D on the underlying technology. So printers, materials and software. That's where R&D spending is.
In SG&A, there's a chunk of that that goes to application demonstration. And that's exciting. We have way too many applications coming in the door each day that all look interesting. And we're getting more disciplined about saying -- OK, these select ones have really good return on the investment. So that's how we're going to spend our SG&A dollars.
R&D, we're just trying to drive efficiencies and address the broadest range of applications we can. We're tying the development to specific applications, Paul, wherever possible. And we're not going to get out in front of our skis on, frankly, overspending and losing money. It's -- I think it drives a good discipline to say you want to be profitable and generating cash and use that cash prudently to invest for growth. We have tons of opportunity for growth around us.
I'm confident, Paul, we could deliver double-digit organic top line growth over time and not spend ourselves into oblivion.
So that's -- in general, that's the direction. I don't believe I've answered your question very well, but I -- if you heard discipline out of that, I hope, because we're just not going to chase every rabbit that crosses the field in front of us.
Paul Coster -- JPMorgan -- Analyst
Got you. Okay. And then the other thing, which is kind of interesting, I think, for investors is just the proliferation of companies in the space, right? Now it seems like it's a large market. I'm sure there's white space out there. But to what extent are you going after the white spaces where no one else is playing versus head-on competition? And where there is head-on competition, do you see pricing becoming a consideration yet? Or is it still a sort of value sale?
Jeffrey A. Graves -- Chief Executive Officer and President
Yes. No. Good thoughtful questions, Paul. So in terms of white space, the white space, Paul, and I would characterize it, yes, we're going after a lot of white space related to new applications. Where customers are coming in and saying, "Hey, look, I've always made this very simple geometry by machining, I'd like to make it out of additive, but it has to have very unique mechanical properties in addition to a fancy geometry." Those are ones we love, because we're up against really no one else, and we can bring our materials expertise to bear and our software and really, really take our printing platforms and make the most of them. Customers then tend to run with those. And I call that white space. There are applications that were not additive before. And across both Healthcare and Industrial, Paul, there's tons of those. There's many, many of those.
What I don't like is where you have a customer that's used additive for a long time, they're now trying to drive it to standard components, and there's five different printer companies that are competing and using a very standard off-the-shelf material. Those are not great businesses for us, so we tend to steer toward industries and applications that get the most bang out of additive. And it's often with a unique -- a very good printer itself, but a unique combination of software with that printer and materials that go through it, Paul.
If you can bring those to bear in any way, and the epitome, Paul, was what we've seen in regenerative medicine. I -- we just had a -- there was an article run on what we're doing in Forbes Magazine a few weeks ago. It is amazing. The combination of materials, software, printing and the application combination, that's the white space that we love and we're going after.
There is increasing competition in simple printer technology, because the components are becoming a bit more off the shelf. So low-end applications, broad-based, those are becoming commoditized, and they're just not our business. That's really not where we're going.
So we tend to develop more and more specialized, specialized with significant market opportunity applications and the hardware-software materials around it. Does that all make sense to you?
Paul Coster -- JPMorgan -- Analyst
It certainly does. Thank you very much, Jeff.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Paul.
Operator
The next question is from Wamsi Mohan of BofA Securities. Please proceed with your question.
Wamsi Mohan -- BofA Securities -- Analyst
Yes. Thanks for fitting me in. You're clearly focused on Healthcare and Industrial. I was wondering if you could maybe share how much of your baseline $513 million of revenue does not fall into either of those categories and if all of that is up for divestiture. And what's the sense of urgency around that? You noted that the assets are good in their own right, but just not core to you. Now that your balance sheet is in a much better place, is this going to be a quick process? Is it going to be a slow process? Any color there would be helpful.
Jeffrey A. Graves -- Chief Executive Officer and President
Yes. It's -- those are really good questions. I -- in reality, I like to paint it as black and white, in the core, outside the core, it's simple to think about. In reality, there are assets that are in a gray zone, in between. And that's -- those are tougher calls. You'd really have to take a hard look and say how much -- what's best in terms of value creation. And one of my acid tests I always use is, is the business worthy of investing in? Is there a good return on investment? And if you own a business where the incremental investment is -- does not have a good return, or it doesn't make it up your priority list in returns, you have other better things to do with your money, those businesses, generally, you should feel a drive to sell and let them be owned by someone else that will treat them as their highest priority.
We have some really exciting opportunities in additive manufacturing, more than we can possibly run after every day. And so nonadditive technologies, things that are even borderline on that, are of lower priority to us. And when it's a lower priority, I'm definitely of a mind to get rid of it, not because they're not good businesses. I want to be clear, they're really good, but they need to be owned by somebody that will love them and nurture them and treat them as their highest investment priority.
So if it works its way down our list when we rank our priorities, we tend to get rid of the ones that are lower on that list. It's better for the customers, the employees and certainly our shareholders. We'll reinvest that cash into our core business where we have tremendous growth opportunities.
Wamsi Mohan -- BofA Securities -- Analyst
So Jeff, would you say, of the $513 million, like how much it falls outside of Healthcare and Industrial?
Jeffrey A. Graves -- Chief Executive Officer and President
Yes. It's -- in general, I would say it's, by definition, quite little. But bear in mind, Industrial is a very broad word. So how much of it is -- a key question is how much of it is additive? How much of it is really integral to additive manufacturing. And if you say it that way, we still own assets that are predominantly exposed to nonadditive markets. And those are the ones we really look at. And there's two options. We either convert them increasingly to additive manufacturing, and we hang on to them or we sell them and take the cash and invest in the core business for faster growth and margin expansion.
So it's -- -- conceptually, it's that simple. And you have to find a buyer that really wants the assets and -- because some of these are -- and this came up earlier about gross margin volatility, some of these are really nice gross margin businesses. It's just under our ownership we're not going to invest a lot for growth. They're a lower priority, and they should be owned by someone else.
So I can't give you -- it's very hard to give you a percentage of what is not Industrial or Healthcare. In terms of nonadditive, it's not a very -- it's not an extremely high percentage, but we still have some assets that are not additive.
Operator
The next question is from [Speech Overlap]
Jeffrey A. Graves -- Chief Executive Officer and President
Go ahead, Brock.
Operator
The next question is from Noelle Dilts of Stifel. Please proceed with your question.
Noelle Dilts -- Stifel -- Analyst
Thank you. And again, congrats on good performance in a tough environment. You covered a lot of ground in the Q&A, but I did want to go back to a couple of questions and just try to get -- try to, I guess, ask them in a slightly more granular way.
So first, going back to Paul's question on R&D investments. You mentioned that you'll see discipline there. But right now, your R&D is running, I think, at kind of the lowest level since 2014, makes sense in a COVID environment. Do you think there's -- are you looking moving forward at kind of scaling -- do you think there's opportunity to kind of pull that back a little bit more and leverage that more? Or do you see that rebounding a little bit as we move into recovery in 2021? Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, and thank you for the kind comments. I appreciate that. In this industry, I would just give you a very general comment. In this industry, I think you could spend nominally spend 10% of revenue on R&D and deliver double-digit growth. If you're running a good business, you have a good range of technologies and you can drive double-digit organic growth in this industry, I believe, at a 10% kind of number.
Now there may be years where you say -- gosh, I have this really exciting opportunity two years or three years out. And I'm going to spend an incremental 1% or 2% on that. That's fine. You can do stuff like that in the short term. The discipline we want to have is to just draw a line somewhere and say that's what we can afford to do and leave it at that. I do not believe in long term money losing businesses. I think it lacks discipline.
So we don't come in of a mind every day to make sure we maximize daily profits. But at the same time, we're not going to get on discipline in R&D spend. And I think in the long term, if we do it right, 10% of sales is a fine number. Now I say that, I'm not sure how we'll end up this year with the revenue -- with revenue being impacted by COVID off and on in an uncertain way. But in general terms, I would tell you that that's why I think this industry can also be a strong cash-generating business.
I think the reason we're rolling out now adjusted EBITDA as a metric, is I look at -- we moved from single to double-digit EBITDA performance through leaning out of the business and a focusing of it, I like that. I think it's good. I'd like to see our gross margins get to 50% and above. I think we can get double-digit organic growth on 10% of our spend on R&D. And I think we'll just be disciplined in our SG&A to drive that. And then I think EBITDA margins moving from the mid-teens into the 20s is perfectly doable in this industry. And it won't happen immediately, but I think we can get there. If you run a good business, you can get there in this industry.
And that's an exciting business. That's one that generates cash to reinvest and leaves you with excess cash on the balance sheet for opportunistic acquisitions in the future.
Noelle Dilts -- Stifel -- Analyst
Okay. Great. That's really helpful. And then kind of taking that last point and also revisiting the question on divestitures, so again, as you look at this process, the divestiture process, are you -- is this something that's ongoing that could kind of be a multiyear process? Are you kind of looking to get the business to where you want it to be in 2021? And then as you do build cash on the balance sheet through those divestitures and through generation, ultimately, what are some of the key areas that you're really looking at in terms of investing through acquisition? Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Yes, great, great question. Thank you. So I'm impatient by nature. I really like to move out on things when you see what can be better to get it done. And we did that on GibbsCAM and Cimatron last year. It was a home run. I mean, we generate cash that really strengthened our balance sheet. And those assets ended up in the hands of owners that will really care for them and grow them in the way that they should be cared for. They were great businesses, and they just were not our businesses.
So when we look at our other assets, there are some that we look at and say -- that's closer to the core, but it's not quite there. So if we could generate enough value through a transaction and leave it in a better owner's hands, if you will, who'll give it a priority, we would take that cash and redeploy it. And so in parallel, so we look at assets we can divest -- and increasingly, we're looking at assets that we could invest in, either partially or totally to own and add to the core business, there are really great, great opportunities, especially around technology companies, small technology companies and things across our whole technology portfolio. Printer, certainly, that's the obvious one people jump to. But if you look at materials and you look at software, we have an outstanding suite of software today, and -- but more and more customers want red button, green button kind of solutions for optimization. And you can -- there are software you can add on to make it increasingly user-friendly, for example. Materials, same thing. What customers really care about is the printed part, and the material it's made of is absolutely vital.
So we continually look at assets out there around materials. Can we partner with folks? Can we acquire folks or acquire partial ownership and people that are really going to be -- deliver some unique material for printing in the future, very exciting, really exciting stuff. So we're kind of running those processes in parallel. What can we divest, what can we invest in, because this industry is going to go through a nice growth evolution. And we believe, with our platforms, we're beautifully positioned. And we just want to enhance those. That's what we're trying to do.
And will it happen in '21? I will make continued progress in '21. We're not driving ourselves to any specific timeline to get anything finished because you never really are. But this -- for example, this opportunity to partner with Jabil on the Roadrunner, very exciting. Really great stuff, fast, high temperature, large machine for printing industrial parts for really tough applications. As those come up, we want to have the cash to invest in them. Does that help?
Noelle Dilts -- Stifel -- Analyst
It does. Thank you. Yes, that's great detail. I appreciate it.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks.
Operator
The next question comes from Sarkis Sherbetchyan of B. Riley Securities. Please proceed with your question.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Thanks for taking my question here. Jeff and Jagtar, I just wanted to come back to the double-digit organic growth commentary. I think I just want to frame this right. What's your organic sales growth expectation for fiscal '21? Like how are you internally thinking about growing the top line? And I have a follow-up.
Jeffrey A. Graves -- Chief Executive Officer and President
Yes. And from the outside, it's hard. It's very -- this year is going to be a little tough to see, because what we define and think of as our core of core businesses, we do believe those are going to grow really nicely this year. And unless COVID really sets us back, I believe they're going to grow at double-digit rates.
What you'll struggle with me outside is we still own some assets that we would consider potentially noncore, and they're not directly related to additive in large part, and they're not going to be growing. So that will certainly mute the -- what's perceived as the overall growth rate of the business.
But in our -- we are very impatient for growth in our core business of additive. And I really believe, knock on wood, if the work continues getting better, that will deliver double-digit organic growth this year, OK? And we'll explain in earnings calls what the results were, what they mean. It's going to remain a little bit more difficult from the outside to predict the parts because some won't be growing and some will.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Thanks. I'm knocking on wood with you. So looking to your EBITDA margin, you delivered 13% this quarter. You talked a little bit about mid-teens to 20s doable in the industry. I guess, in the near term, what's the business capable of? And where do you specifically plan to take EBITDA margins, say, in the next three years or five years?
Jeffrey A. Graves -- Chief Executive Officer and President
Yes. Oh, I would hope to be over that goal in the next three years. It's -- I think if -- unless, again, I never -- two years ago, who would have envisioned a pandemic. So you always have to have that in the back of your mind. But the way I see this thing going is, our Healthcare business is really firing on all cylinders. And we're going to continue to fuel that engine, add to it, grow it. It's terrific. And it carries with a generally higher gross margins and exciting growth rates and a very sticky business all the way around.
Now you have to be good to do it, so we're really focused on quality, delivery, a lot of the underlying operational metrics that are required, and they are just absolutely essential because it's direct customer impact, direct patient impact oftentimes and FDA-regulated. We want to do a really good job with that.
So I would tell you that what will drive the EBITDA performance are a couple of things. Overall volume growth and efficiencies there, supply chain excellence, obviously, working right along with that to get cost and efficiencies and operations. What will really help it is business mix. And so Healthcare growth is really good in terms of driving margin improvements. Any margin you want to talk about, including EBITDA margins. And then the mix -- the aftermarket mix, supporting our customers after they buy a printer with materials and software wherever we can to add value to their purchase, that's really beneficial to us. It helps the customers a lot, and it's very beneficial to our financial performance.
So we love the model. We're going to be investing heavily in the model, but with discipline. And I would expect EBITDA margins to regularly climb from mid-teens to over 20. And gross margins, I don't like the level they're at now. So with that growth, we want to see gross margin lift. And our real goal is to get those gross margins over 50%.
It will not happen overnight, but we will be on a steady trajectory of improvement. The choppiness will only come from unanticipated effects of COVID or divestitures, which could, in the short term, impact those parameters because they carry a higher gross margin/
Okay. I think that we should probably draw it to a close. We let the time go a little long because we had no longer introduction, but very much appreciate everybody's interest in the company and in our performance. I appreciate the feedback, as always. And we're happy to follow up with you after the call.
So thanks very much for joining today and for your continued support of the company. We look forward to updating you again in the quarters and years ahead. Thanks, everybody.
Operator
[Operator Closing Remarks]
Duration: 78 minutes
Call participants:
Melanie Solomon -- Investor Contact, 3D Systems Corporation
Jeffrey A. Graves -- Chief Executive Officer and President
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Jim Ricchiuti -- Needham & Company -- Analyst
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Brian Drab -- William Blair -- Analyst
Ananda Baruah -- Loop Capital -- Analyst
Paul Coster -- JPMorgan -- Analyst
Wamsi Mohan -- BofA Securities -- Analyst
Noelle Dilts -- Stifel -- Analyst
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
More DDD analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corp (NYSE: DDD) Q4 2020 Earnings Call Mar 2, 2021, 8:30 a.m. Operator [Operator Closing Remarks] Duration: 78 minutes Call participants: Melanie Solomon -- Investor Contact, 3D Systems Corporation Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Jim Ricchiuti -- Needham & Company -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Brian Drab -- William Blair -- Analyst Ananda Baruah -- Loop Capital -- Analyst Paul Coster -- JPMorgan -- Analyst Wamsi Mohan -- BofA Securities -- Analyst Noelle Dilts -- Stifel -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. As we announced in mid-January, over the last three years, our Chief Technology Officer and the Inventor of the entire Additive Manufacturing industry, Chuck Hull and his team, have been working very closely with our partner, United Therapeutics, to demonstrate the capability to actually print human organs in order to address the enormous need of transplant patients.
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Operator [Operator Closing Remarks] Duration: 78 minutes Call participants: Melanie Solomon -- Investor Contact, 3D Systems Corporation Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Jim Ricchiuti -- Needham & Company -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Brian Drab -- William Blair -- Analyst Ananda Baruah -- Loop Capital -- Analyst Paul Coster -- JPMorgan -- Analyst Wamsi Mohan -- BofA Securities -- Analyst Noelle Dilts -- Stifel -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corp (NYSE: DDD) Q4 2020 Earnings Call Mar 2, 2021, 8:30 a.m. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Chief Financial Officer; Andrew Johnson, Executive Vice President and Chief Legal Officer; and John Nypaver, Vice President and Treasurer.
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Operator [Operator Closing Remarks] Duration: 78 minutes Call participants: Melanie Solomon -- Investor Contact, 3D Systems Corporation Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Jim Ricchiuti -- Needham & Company -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Brian Drab -- William Blair -- Analyst Ananda Baruah -- Loop Capital -- Analyst Paul Coster -- JPMorgan -- Analyst Wamsi Mohan -- BofA Securities -- Analyst Noelle Dilts -- Stifel -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corp (NYSE: DDD) Q4 2020 Earnings Call Mar 2, 2021, 8:30 a.m. Both our Healthcare and Industrial businesses delivered exceptional double-digit revenue growth on a consecutive quarter basis with our Healthcare business even surpassing last year's pre-COVID performance by a significant margin.
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3D Systems Corp (NYSE: DDD) Q4 2020 Earnings Call Mar 2, 2021, 8:30 a.m. Operator [Operator Closing Remarks] Duration: 78 minutes Call participants: Melanie Solomon -- Investor Contact, 3D Systems Corporation Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Jim Ricchiuti -- Needham & Company -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Brian Drab -- William Blair -- Analyst Ananda Baruah -- Loop Capital -- Analyst Paul Coster -- JPMorgan -- Analyst Wamsi Mohan -- BofA Securities -- Analyst Noelle Dilts -- Stifel -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. There are applications that were not additive before.
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2021-03-02 00:00:00 UTC
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Why 3D Systems Stock Crashed After Earnings
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-crashed-after-earnings-2021-03-02
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What happened
Shares of 3D printer maker 3D Systems (NYSE: DDD) plunged in morning trading Tuesday -- down 12.7% as of 11:20 a.m. EST -- as investors responded to the company's fourth-quarter earnings report last night. But was the miss really all that bad? Was it even a miss at all?
Well, yes and no. On the one hand, analysts had forecast 3D would report $0.10 per share in pro forma profit for fiscal Q4 2020, and it reported only $0.09. That's an earnings miss. On the other hand, though, analysts only thought 3D would do $168.5 million in sales for the quarter, and it reported $172.7 million.
That's a sales beat.
Image source: Getty Images.
So what
3D's sales climbed about 3% year over year for the quarter, and the company reported its first quarterly operating profit following four straight years of operating losses (according to data from S&P Global Market Intelligence).
Speaking of which, it's worth pointing out that the $0.09 per share in pro forma profit that 3D reported shrivels into a $0.16 per share net loss when calculated according to generally accepted accounting principles (GAAP). That may be one reason investors seem so disappointed with the news.
For the full year, sales shrank 12.5% to $557.2 million, and net losses doubled to $1.27 per diluted share.
Now what
Looking ahead to next year, CEO Jeff Graves noted that the company has already "achieved our target of $60M in run-rate cost savings by the end of 2020" and divested its "non-core assets."
"With proceeds from our initial divestitures and positive cash flow," he said, 3D "will continue to look for opportunities to invest in" such enterprises as dental and medical applications of 3D printing, where the company's sales grew 48% in 2020, aiming for "exciting growth, expanding applications, and increasing profitability."
On that last bit, management thinks it can achieve between 40% and 44% gross profit margin this year, up from just 40% for all of 2020. At the midpoint, this implies 42% gross margins for 2021 -- the same as the company earned in Q4, when its operating profits finally turned positive.
Investors' disappointment today notwithstanding, this seems to imply that 2021 might be the year 3D earns its first full-year operating profit since 2014 -- and if this happens, then that will be something to cheer about.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) plunged in morning trading Tuesday -- down 12.7% as of 11:20 a.m. EST -- as investors responded to the company's fourth-quarter earnings report last night. Now what Looking ahead to next year, CEO Jeff Graves noted that the company has already "achieved our target of $60M in run-rate cost savings by the end of 2020" and divested its "non-core assets." Investors' disappointment today notwithstanding, this seems to imply that 2021 might be the year 3D earns its first full-year operating profit since 2014 -- and if this happens, then that will be something to cheer about.
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What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) plunged in morning trading Tuesday -- down 12.7% as of 11:20 a.m. EST -- as investors responded to the company's fourth-quarter earnings report last night. On the one hand, analysts had forecast 3D would report $0.10 per share in pro forma profit for fiscal Q4 2020, and it reported only $0.09. So what 3D's sales climbed about 3% year over year for the quarter, and the company reported its first quarterly operating profit following four straight years of operating losses (according to data from S&P Global Market Intelligence).
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What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) plunged in morning trading Tuesday -- down 12.7% as of 11:20 a.m. EST -- as investors responded to the company's fourth-quarter earnings report last night. So what 3D's sales climbed about 3% year over year for the quarter, and the company reported its first quarterly operating profit following four straight years of operating losses (according to data from S&P Global Market Intelligence). See the 10 stocks *Stock Advisor returns as of February 24, 2021 Rich Smith has no position in any of the stocks mentioned.
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What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) plunged in morning trading Tuesday -- down 12.7% as of 11:20 a.m. EST -- as investors responded to the company's fourth-quarter earnings report last night. That's an earnings miss. For the full year, sales shrank 12.5% to $557.2 million, and net losses doubled to $1.27 per diluted share.
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716656.0
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2021-03-02 00:00:00 UTC
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3D Systems Stock Drops Following Earnings Release
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DDD
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https://www.nasdaq.com/articles/3d-systems-stock-drops-following-earnings-release-2021-03-02
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3D Systems (NYSE: DDD) reported preliminary fourth-quarter and full-year 2020 results after the market close on Monday. The results had been scheduled to be released on Feb. 24, but the 3D printing company pushed back the date.
Shares were down 5.2% in Monday's after-hours trading, though they only traded briefly in the session, as results weren't released until 7:45 p.m. EST. This fact, combined with theearnings callnot being held until Tuesday morning, means the stock's performance in after-hours trading on Monday shouldn't be considered a good barometer of how it will perform on Tuesday.
We can probably attribute the market's initial reaction to a few factors, including that results were only preliminary and that management didn't issue revenue or earnings guidance. Both these things add to uncertainty -- and the market hates uncertainty.
It's also likely that some investors were hoping for a better fourth-quarter bottom-line result. Adjusted earnings per share (EPS) came in slightly lower than the Wall Street consensus estimate. However, analysts raised this estimate, along with the one for the top line, after the company released its preliminary results for several key metrics on Jan. 7.
Moreover, it's possible that some investors were a bit disappointed in the company's 2021 adjusted gross margin outlook.
Image source: Getty Images.
3D Systems' key quarterly numbers
METRIC Q4 2020 Q4 2019
CHANGE
Revenue $172.7 million $168.2 million 2.6%
GAAP operating income $0.7 million ($4.7 million) N/A
Adjusted operating income $16.1 million $5.7 million 182%
GAAP net income ($19.8 million) ($4.7 million) Loss widened 321%
Adjusted net income $10.6 million $5.5 million 93%
GAAP EPS ($0.16) ($0.04) Loss widened 300%
Adjusted EPS $0.09 $0.05 80%
Data source: 3D Systems. GAAP = generally accepted accounting principles.
Revenue rebounded 27% from the third quarter, with both segments (healthcare and industrial) posting double-digit sequential revenue growth.
For the quarter, GAAP gross margin was 42%, down from 44.1% in the year-ago period. Adjusted gross margin landed at 42.9%, down from 44.3% in the fourth quarter of 2019.
The company ended the period with cash and cash equivalents of $75 million and debt of $21.4 million. In January, it reported that it had paid off its outstanding debt of $21 million using a portion of the $64.2 million in proceeds it generated from the sale of its non-core software businesses. The company is now debt-free.
Wall Street was looking for Q4 adjusted EPS of $0.10 on revenue of $168.5 million, as outlined in my earnings preview. So 3D Systems beat on the top line, but fell a bit short on the bottom line.
However, both results are significantly better than the Street's original estimates. Prior to 3D Systems' release of preliminary results for a few key metrics in early January, analysts had been modeling for Q4 revenue of less than $140 million and adjusted EPS of $0.04.
The partial preliminary results released in January were for Q4 revenue of $170 million to $176 million, GAAP operating loss of $500,000 to $8.6 million, and adjusted operating income of $11 million to $19 million. The company didn't provide a preliminary result or range for the bottom line.
For full-year 2020, revenue fell 12% year over year to $557.2 million, compared to $636.4 million. On an adjusted basis, the company posted a loss of $0.11 per share, down from a loss of $0.08 per share in 2019.
The earnings release attributed the full-year revenue decline to the effects of the COVID-19 pandemic, primarily in the first half of the year. That said, 3D Systems was struggling to grow revenue before the crisis began. In other words, we can't be sure if the pandemic was the only reason that revenue fell in 2020.
Why results were just preliminary
In the earnings release, CEO Jeff Graves said the company was "not able to conclude the audit in a timely fashion." It will file the appropriate form with the Securities and Exchange Commission (SEC) to extend the deadline for filing its official results.
The delay in filing is "primarily related to the presentation of cash flows associated with the divestiture process for [the] Cimatron and GibbsCam software businesses." The company's statement indicates management believes the preliminary results released on Monday have accounted for the "financial impact resulting from this review."
Segment results: Healthcare is still carrying the load
SEGMENT Q4 2020 REVENUE CHANGE (YOY)
Healthcare $86.6 million 48%
Industrial $86.0 million (22%)
Total $172.7 million 2.6%
Data source: 3D Systems. YOY = year over year.
The healthcare segment's year-over-year revenue growth was driven by strong sales in both dental and medical applications. The industrial year-over-year sales decline was driven by the pandemic.
Both segments grew sequentially, however. Healthcare revenue was up 42% from the third quarter, while industrial revenue was up 14%.
What management had to say
Here's part of what Graves said in the earnings release:
The execution of our four-stage plan to deliver increased value to our customers and shareholders, initiated in the summer of 2020, took hold and rapidly gained momentum as we moved through the second half of the year. By the fourth quarter, the results of these efforts in our two focused businesses became very clear.
Our healthcare business delivered exceptional revenue growth of 48% year over year, driven strongly by both dental and medical applications, while also making a significant technological breakthrough in our emerging regenerative medicine area, which will be increasingly important to our healthcare business in the years ahead. We were also very pleased with our industrial performance during the fourth quarter, which recorded double-digit revenue growth on a consecutive quarter basis, continuing the recovery we have seen in our markets from the effects of the COVID-19 pandemic.
Looking ahead
3D Systems made good progress in its turnaround in 2020: It cut costs, it paid off its debt, and it ended the year on a solid note. In Q4, it grew revenue year over year (albeit very modestly) and was profitable on an adjusted basis. Moreover, it also achieved slightly positive GAAP operating income.
That said, investors shouldn't throw all caution to the wind. The stock is very loftily priced after soaring 270% in 2021 through Monday's regular trading session.
The company didn't provide guidance for revenue or earnings in the earnings release. However, it did provide an outlook for 2021 adjusted gross profit margin. It expects this metric to be between 40% and 44% for the year.
For context, in the fourth quarter, adjusted gross margin was 42.9%, and for full-year 2020, it was 42.6%.
10 stocks we like better than 3D Systems
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) reported preliminary fourth-quarter and full-year 2020 results after the market close on Monday. We can probably attribute the market's initial reaction to a few factors, including that results were only preliminary and that management didn't issue revenue or earnings guidance. Prior to 3D Systems' release of preliminary results for a few key metrics in early January, analysts had been modeling for Q4 revenue of less than $140 million and adjusted EPS of $0.04.
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3D Systems (NYSE: DDD) reported preliminary fourth-quarter and full-year 2020 results after the market close on Monday. Revenue $172.7 million $168.2 million 2.6% GAAP operating income $0.7 million ($4.7 million) N/A Adjusted operating income $16.1 million $5.7 million 182% GAAP net income ($19.8 million) ($4.7 million) Loss widened 321% Adjusted net income $10.6 million $5.5 million 93% GAAP EPS ($0.16) ($0.04) Loss widened 300% Adjusted EPS $0.09 $0.05 80% Data source: 3D Systems. The partial preliminary results released in January were for Q4 revenue of $170 million to $176 million, GAAP operating loss of $500,000 to $8.6 million, and adjusted operating income of $11 million to $19 million.
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3D Systems (NYSE: DDD) reported preliminary fourth-quarter and full-year 2020 results after the market close on Monday. Revenue $172.7 million $168.2 million 2.6% GAAP operating income $0.7 million ($4.7 million) N/A Adjusted operating income $16.1 million $5.7 million 182% GAAP net income ($19.8 million) ($4.7 million) Loss widened 321% Adjusted net income $10.6 million $5.5 million 93% GAAP EPS ($0.16) ($0.04) Loss widened 300% Adjusted EPS $0.09 $0.05 80% Data source: 3D Systems. Prior to 3D Systems' release of preliminary results for a few key metrics in early January, analysts had been modeling for Q4 revenue of less than $140 million and adjusted EPS of $0.04.
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3D Systems (NYSE: DDD) reported preliminary fourth-quarter and full-year 2020 results after the market close on Monday. For full-year 2020, revenue fell 12% year over year to $557.2 million, compared to $636.4 million. Healthcare revenue was up 42% from the third quarter, while industrial revenue was up 14%.
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918df5c5-e323-4f2d-becd-37feaa794c2b
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716657.0
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2021-03-02 00:00:00 UTC
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3D Systems Drops 5.7% Pre-Market As 4Q Profit Lags Estimates; Street Says Hold
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DDD
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https://www.nasdaq.com/articles/3d-systems-drops-5.7-pre-market-as-4q-profit-lags-estimates-street-says-hold-2021-03-02
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nan
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nan
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3D Systems delivered a better-than-expected 4Q topline but shares of the digital printing manufacturer were dragged down in Tuesday's pre-market trading session as quarterly profit missed the Street consensus.
3D Systems (DDD) posted adjusted earnings of $0.09 per share, up 80% year-over-year, but falling short of analysts’ expectations of $0.10 per share. The increase in bottom line was driven by the company’s focus on cost restructuring.
Revenue increased 2.6% year-over-year and 26.8% sequentially to hit $172.7 million, topping analysts’ estimates by $0.91 million. 3D Systems said it continued to see a rebound in customer activity. Sales from the company's healthcare segment recorded 48% year-over-year growth in 4Q driven by higher sales in dental and medical applications.
3D Systems CEO Jeff Graves said, “With our singular focus on additive manufacturing, we were pleased to deliver strong growth at the end of what was an unprecedented year. The execution of our four-stage plan to deliver increased value to our customers and shareholders, initiated in the summer of 2020, took hold and rapidly gained momentum as we moved through the second half of the year.”
Graves expects emerging regenerative medicine to be an increasingly significant part of the company’s healthcare business in the coming years. (See 3D Systems stock analysis on TipRanks)
For fiscal 2021, 3D Systems sees gross profit margin to be in the range of 40% to 44%.
3D Systems also announced its annual filing on Form 10-K will be delayed due to cash flows related to its divestment plan for the Cimatron and GibbsCam Software businesses. Instead, it will file a Form 12b-25 (notification for late filing) with the SEC. The company now expects to file the Form 10-K no later than March 16.
Stifel Nicolaus analyst Noelle Dilts recently initiated coverage on the stock with a price target of $28 (28% downside potential) and a Hold rating. Dilts likes the company’s “strategy to profitable growth that was announced last year, as well as 3D’s broad product offering, large installed base, and strong sales and marketing infrastructure.”
The rest of Wall Street is in line with Dilts' outlook on the stock. The Hold consensus rating shows 5 Holds and 1 Sell. The average analyst price target of $24.80 implies about 36% downside potential from current levels. That's after shares exploded 329% over the past three months.
Related News:
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Digital Turbine Inks Deal To Buy AdColony; Shares Gain 4%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) posted adjusted earnings of $0.09 per share, up 80% year-over-year, but falling short of analysts’ expectations of $0.10 per share. 3D Systems delivered a better-than-expected 4Q topline but shares of the digital printing manufacturer were dragged down in Tuesday's pre-market trading session as quarterly profit missed the Street consensus. 3D Systems CEO Jeff Graves said, “With our singular focus on additive manufacturing, we were pleased to deliver strong growth at the end of what was an unprecedented year.
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3D Systems (DDD) posted adjusted earnings of $0.09 per share, up 80% year-over-year, but falling short of analysts’ expectations of $0.10 per share. Sales from the company's healthcare segment recorded 48% year-over-year growth in 4Q driven by higher sales in dental and medical applications. Stifel Nicolaus analyst Noelle Dilts recently initiated coverage on the stock with a price target of $28 (28% downside potential) and a Hold rating.
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3D Systems (DDD) posted adjusted earnings of $0.09 per share, up 80% year-over-year, but falling short of analysts’ expectations of $0.10 per share. The execution of our four-stage plan to deliver increased value to our customers and shareholders, initiated in the summer of 2020, took hold and rapidly gained momentum as we moved through the second half of the year.” Graves expects emerging regenerative medicine to be an increasingly significant part of the company’s healthcare business in the coming years. Dilts likes the company’s “strategy to profitable growth that was announced last year, as well as 3D’s broad product offering, large installed base, and strong sales and marketing infrastructure.” The rest of Wall Street is in line with Dilts' outlook on the stock.
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3D Systems (DDD) posted adjusted earnings of $0.09 per share, up 80% year-over-year, but falling short of analysts’ expectations of $0.10 per share. 3D Systems CEO Jeff Graves said, “With our singular focus on additive manufacturing, we were pleased to deliver strong growth at the end of what was an unprecedented year. Stifel Nicolaus analyst Noelle Dilts recently initiated coverage on the stock with a price target of $28 (28% downside potential) and a Hold rating.
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0f9bcf1e-3f8f-494b-95ad-c345d6e0fef6
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716658.0
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2021-02-22 00:00:00 UTC
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iShares Core S&P Small-Cap ETF Experiences Big Inflow
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DDD
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https://www.nasdaq.com/articles/ishares-core-sp-small-cap-etf-experiences-big-inflow-2021-02-22
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Small-Cap ETF (Symbol: IJR) where we have detected an approximate $280.9 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 617,800,000 to 620,450,000). Among the largest underlying components of IJR, in trading today MicroStrategy Inc. (Symbol: MSTR) is down about 5.7%, 3D Systems Corp. (Symbol: DDD) is down about 0.8%, and Saia Inc (Symbol: SAIA) is lower by about 1%. For a complete list of holdings, visit the IJR Holdings page » The chart below shows the one year price performance of IJR, versus its 200 day moving average:
Looking at the chart above, IJR's low point in its 52 week range is $47.52 per share, with $107.716 as the 52 week high point — that compares with a last trade of $106.29. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the largest underlying components of IJR, in trading today MicroStrategy Inc. (Symbol: MSTR) is down about 5.7%, 3D Systems Corp. (Symbol: DDD) is down about 0.8%, and Saia Inc (Symbol: SAIA) is lower by about 1%. For a complete list of holdings, visit the IJR Holdings page » The chart below shows the one year price performance of IJR, versus its 200 day moving average: Looking at the chart above, IJR's low point in its 52 week range is $47.52 per share, with $107.716 as the 52 week high point — that compares with a last trade of $106.29. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of IJR, in trading today MicroStrategy Inc. (Symbol: MSTR) is down about 5.7%, 3D Systems Corp. (Symbol: DDD) is down about 0.8%, and Saia Inc (Symbol: SAIA) is lower by about 1%. For a complete list of holdings, visit the IJR Holdings page » The chart below shows the one year price performance of IJR, versus its 200 day moving average: Looking at the chart above, IJR's low point in its 52 week range is $47.52 per share, with $107.716 as the 52 week high point — that compares with a last trade of $106.29. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Among the largest underlying components of IJR, in trading today MicroStrategy Inc. (Symbol: MSTR) is down about 5.7%, 3D Systems Corp. (Symbol: DDD) is down about 0.8%, and Saia Inc (Symbol: SAIA) is lower by about 1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Small-Cap ETF (Symbol: IJR) where we have detected an approximate $280.9 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 617,800,000 to 620,450,000). For a complete list of holdings, visit the IJR Holdings page » The chart below shows the one year price performance of IJR, versus its 200 day moving average: Looking at the chart above, IJR's low point in its 52 week range is $47.52 per share, with $107.716 as the 52 week high point — that compares with a last trade of $106.29.
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Among the largest underlying components of IJR, in trading today MicroStrategy Inc. (Symbol: MSTR) is down about 5.7%, 3D Systems Corp. (Symbol: DDD) is down about 0.8%, and Saia Inc (Symbol: SAIA) is lower by about 1%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Small-Cap ETF (Symbol: IJR) where we have detected an approximate $280.9 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 617,800,000 to 620,450,000). For a complete list of holdings, visit the IJR Holdings page » The chart below shows the one year price performance of IJR, versus its 200 day moving average: Looking at the chart above, IJR's low point in its 52 week range is $47.52 per share, with $107.716 as the 52 week high point — that compares with a last trade of $106.29.
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1af53f7b-46d6-4003-b829-4ea430d27a6d
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716659.0
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2021-02-18 00:00:00 UTC
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Why Stratasys, 3D Systems, and Desktop Metal Stocks All Crashed Today
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DDD
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https://www.nasdaq.com/articles/why-stratasys-3d-systems-and-desktop-metal-stocks-all-crashed-today-2021-02-18
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nan
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nan
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What happened
Shares of industrial 3D printing stocks Stratasys (NASDAQ: SSYS), Desktop Metal (NYSE: DM), and 3D Systems (NYSE: DDD) crashed in unison today. By the time the closing bell struck, Stratasys stock sat lowest with a 15% loss, followed by Desktop Metal, down 9.9%, and 3D Systems, off 8.1%.
And curiously, it's the stock with the biggest loss that has the only news today.
Image source: Getty Images.
So what
And it's arguably good news, too. This morning, Stratasys announced that it has acquired U.K.-based large-frame industrial stereolithography company RP Support Ltd. (RPS) to build out Stratasys' "polymer suite of solutions." Beginning to market RPS's Neo line of 3D printers globally, Stratasys predicts this acquisition will be "slightly accretive to revenue" by the end of this year, and add to adjusted per-share earnings.
Good news? Perhaps, but it's hard to call this great news. Even in the press release announcing the acquisition, Stratasys admits that the entire "global addressable" market for industrial stereolithography systems is only about $150 million, and growing only about 10% per year. RPS would need to grab a very large fraction of that market indeed, if it were to move the needle much on Stratasys's annual revenue stream of $538 million. Moreover, if RPS's business grows at only the average 10% -- or even a bit better than that average -- it's more likely to slow down Stratasys' own total (analyst-projected) earnings growth rate of 30%, rather than speed it up.
On the plus side, Stratasys didn't say how much it paid for RPS, which implies the number wasn't material. Net-net, this news feels pretty "meh," to me.
Now what
Of course, by the same token, merely "meh" news doesn't really explain why Stratasys stock is going down so much today -- or why 3D Systems and Desktop Metal are following it down.
My guess? Investors are starting to feel nervous about earnings.
3D Systems is due out with fourth-quarter earnings on Feb. 24, with Stratasys reporting a week later on March 1. Analysts have Stratasys pegged for only a breakeven quarter -- much worse than the $0.18 per share it earned a year ago. And 3D Systems, although it told us last month that it might earn a profit, also might not.
As for recent IPO Desktop Metal, it hasn't announced an earnings date yet. Still, it's logical to assume that any bad news reported by the two leading names in 3D printing could have a knock-on effect for Desktop Metal stock as well, especially as analysts aren't too optimistic about the stock to begin with -- predicting a $0.07 loss for the current quarter.
Seeing as the only good news we saw in the sector wasn't all that great today, it's understandable that investors might have decided to focus on the prospects of the potential bad news coming down the pike, instead.
10 stocks we like better than Stratasys
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of industrial 3D printing stocks Stratasys (NASDAQ: SSYS), Desktop Metal (NYSE: DM), and 3D Systems (NYSE: DDD) crashed in unison today. By the time the closing bell struck, Stratasys stock sat lowest with a 15% loss, followed by Desktop Metal, down 9.9%, and 3D Systems, off 8.1%. Beginning to market RPS's Neo line of 3D printers globally, Stratasys predicts this acquisition will be "slightly accretive to revenue" by the end of this year, and add to adjusted per-share earnings.
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What happened Shares of industrial 3D printing stocks Stratasys (NASDAQ: SSYS), Desktop Metal (NYSE: DM), and 3D Systems (NYSE: DDD) crashed in unison today. Beginning to market RPS's Neo line of 3D printers globally, Stratasys predicts this acquisition will be "slightly accretive to revenue" by the end of this year, and add to adjusted per-share earnings. Even in the press release announcing the acquisition, Stratasys admits that the entire "global addressable" market for industrial stereolithography systems is only about $150 million, and growing only about 10% per year.
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What happened Shares of industrial 3D printing stocks Stratasys (NASDAQ: SSYS), Desktop Metal (NYSE: DM), and 3D Systems (NYSE: DDD) crashed in unison today. Now what Of course, by the same token, merely "meh" news doesn't really explain why Stratasys stock is going down so much today -- or why 3D Systems and Desktop Metal are following it down. Still, it's logical to assume that any bad news reported by the two leading names in 3D printing could have a knock-on effect for Desktop Metal stock as well, especially as analysts aren't too optimistic about the stock to begin with -- predicting a $0.07 loss for the current quarter.
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What happened Shares of industrial 3D printing stocks Stratasys (NASDAQ: SSYS), Desktop Metal (NYSE: DM), and 3D Systems (NYSE: DDD) crashed in unison today. Now what Of course, by the same token, merely "meh" news doesn't really explain why Stratasys stock is going down so much today -- or why 3D Systems and Desktop Metal are following it down. Still, it's logical to assume that any bad news reported by the two leading names in 3D printing could have a knock-on effect for Desktop Metal stock as well, especially as analysts aren't too optimistic about the stock to begin with -- predicting a $0.07 loss for the current quarter.
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b15fa6da-2686-480c-852c-39ed63e0a5ce
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716660.0
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2021-02-18 00:00:00 UTC
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3D Systems Earnings: What to Watch
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-what-to-watch-2021-02-18
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nan
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nan
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2020 results after the market close on Feb. 24. Its conference call with analysts is scheduled for 10 a.m. EST the following day.
Investors, though, already have a fairly good idea of what to expect from some of that report's key numbers, because on Jan. 7, the 3D printing company released its preliminary Q4 results.
Given that those preliminary results were considerably better than Wall Street had been expecting, investors will likely be approaching the report with more optimism than they had previously. 2020 was a tough year for companies like 3D Systems that have large customer bases in the industrial sector, which has been hit hard by the COVID-19 pandemic. After some steep plunges and recoveries, 3D Systems finished 2020 up by around 3%.
However, in 2021, 3D Systems stock has skyrocketed 330% through Feb. 17, while shares of rival Stratasys (NASDAQ: SSYS) are up 135%. The S&P 500 has gained 4.9% over this period. (Stratasys plans to report its Q4 results on March 1; here's an earnings preview.)
Here's what to watch in 3D Systems' Q4 report.
Image source: Getty Images.
Key quarterly numbers
Below are the company's results from Q4 2019, the preliminary results it provided for Q4 2020, and Wall Street's consensus estimates to use as benchmarks.
Analysts revised their estimates upward after 3D Systems released its preliminary results. Prior to that, their consensus was for revenue of less than $140 million and adjusted earnings per share (EPS) of just $0.04.
METRIC
Q4 2019 RESULT
3D SYSTEMS' PRELIMINARY Q4 2020 RESULT
WALL STREET'S Q4 2020 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE
Revenue
$164.6 million
$170 million to $176 million
$168.5 million
2.4%
GAAP operating income
($4.7 million) ($500,000 to $8.6 million)
N/A
N/A
Adjusted operating income
$5.6 million
$11 million to $19 million
N/A
N/A
Adjusted earnings per share (EPS)
$0.05
N/A
$0.10
100%
Data sources: 3D Systems and Yahoo! Finance. GAAP = generally accepted accounting principles.
For the fourth quarter, analysts' revenue growth expectation is anemic from a year-over-year standpoint. However, it represents a strong 25% sequential improvement from the third quarter.
By comparison, Wall Street expects Stratasys' Q4 revenue to decline by 16% year over year (but rise nearly 6% sequentially) to $135.1 million. Analysts are also looking for that company's bottom line to worsen. On an adjusted basis, the consensus estimate is for it to break even, compared to net income of $0.18 per share in the year-ago period.
For additional context, in the third quarter, 3D Systems' revenue fell 13% year over year (but rose 21% sequentially) to $135.1 million, easily beating the $114 million consensus estimate. Adjusted for one-time items, it posted a net loss of $4.1 million, or $0.03 per share, a 25% improvement from the net loss of $0.04 per share in the year-ago period. This result also easily topped Wall Street's expectation, which was for an adjusted loss per share of $0.08.
Cash flows
Preliminary Q4 results suggest that 3D Systems is on track to release headline numbers that are notably better than those it produced in the third quarter and even an improvement from the year-ago period. The latter would be an especially laudable accomplishment given that Q4 2019 was in the books before COVID-19 began impacting 3D Systems' business.
That said, investors will also want to focus on cash flows -- cash generated from operations and free cash flow. Remember, operating income and net income (or "earnings") are just accounting metrics.
Since last quarter's earnings were released, the company announced some great news on the liquidity front. In early January when it released its preliminary Q4 results, it also reported that it had paid off its outstanding debt of $21 million using a portion of the $64.2 million in proceeds it generated from the sale of its non-core software businesses. The company is now debt-free.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2020 results after the market close on Feb. 24. Investors, though, already have a fairly good idea of what to expect from some of that report's key numbers, because on Jan. 7, the 3D printing company released its preliminary Q4 results. 2020 was a tough year for companies like 3D Systems that have large customer bases in the industrial sector, which has been hit hard by the COVID-19 pandemic.
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2020 results after the market close on Feb. 24. Revenue $164.6 million $170 million to $176 million $168.5 million 2.4% GAAP operating income ($4.7 million) ($500,000 to $8.6 million) Adjusted operating income $5.6 million $11 million to $19 million
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2020 results after the market close on Feb. 24. Revenue $164.6 million $170 million to $176 million $168.5 million 2.4% GAAP operating income ($4.7 million) ($500,000 to $8.6 million) For additional context, in the third quarter, 3D Systems' revenue fell 13% year over year (but rose 21% sequentially) to $135.1 million, easily beating the $114 million consensus estimate.
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2020 results after the market close on Feb. 24. By comparison, Wall Street expects Stratasys' Q4 revenue to decline by 16% year over year (but rise nearly 6% sequentially) to $135.1 million. Cash flows Preliminary Q4 results suggest that 3D Systems is on track to release headline numbers that are notably better than those it produced in the third quarter and even an improvement from the year-ago period.
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88e08b22-2015-4461-b474-8955c16841f6
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716661.0
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2021-02-17 00:00:00 UTC
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Stratasys Earnings: What to Watch on March 1
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DDD
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https://www.nasdaq.com/articles/stratasys-earnings%3A-what-to-watch-on-march-1-2021-02-17
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nan
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nan
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Stratasys (NASDAQ: SSYS) is slated to report its fourth-quarter and full-year 2020 results before the market open on Monday, March 1. Its conference call with analysts is scheduled to follow at 8:30 a.m. EST.
Investors will likely be approaching the 3D printing company's report with more optimism than in earlier quarters in 2020, a year in which the COVID-19 pandemic has resulted in soft demand from many customers in the industrial sector. That's largely because in early January rival 3D Systems (NYSE: DDD), which has a similar business profile, preannounced unofficial fourth-quarter results that were considerably better than Wall Street had been expecting.
Moreover, in the third quarter, Stratasys comfortably beat the analyst consensus estimate for revenue and also surpassed the earnings projection.
The stock price momentum in the 3D printing space certainly reflects investor optimism. In 2021, Stratasys stock has soared 137% through Feb. 16, while 3D Systems stock has skyrocketed 357%. The S&P 500 has returned just under 5% over this period.
Here's what to watch in Stratasys' Q4 report.
A 3D printer at work. Image source: Getty Images.
Key quarterly numbers
Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q4 2019 RESULT
WALL STREET'S Q4 2020 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE YOY
Revenue
$160.2 million
$135.1 million
(16%)
Adjusted earnings per share
$0.18
$0.00
(100%)
Data sources: Stratasys and Yahoo! Finance. YOY = year over year.
For the fourth quarter, analysts' expectations are low from a year-over-year standpoint, as the chart shows. However, the revenue expectation represents a 5.6% sequential improvement from the third quarter. The bottom-line estimate also represents a sequential upturn.
Indeed, the revenue consensus is based on Stratasys CFO Lilach Payorski's statement on last quarter'searnings callthat, "We are now almost halfway through the fourth quarter, and while there is still uncertainty about the pace of COVID-19 recovery, we currently expect to see sequential revenue growth of about 5% to 7%."
For context, in the third quarter, Stratasys' revenue fell 19% year over year to $127.9 million, easily topping the $121.7 million consensus estimate. Adjusted for one-time items, it posted a net loss of $3 million, or $0.05 per share, down from net income of $6.3 million, or $0.12 per share, in the year-ago period. Wall Street had been looking for an adjusted loss per share of $0.07.
Despite last quarter's reported loss, the company still managed to generate cash from operations to the tune of $2.6 million.
3D printer and material sales
As always, investors should continue to focus on sales of 3D printers and print materials. As I wrote last quarter: "This data reflects how well the company's razor-and-blade business strategy is working. Sales of 3D printers (the "razors") are ultra-important because they drive sales of print materials (the "blades"), which have high profit margins."
Last quarter, Stratasys' 3D printer revenue dropped 21% year over year, and print materials revenue fell 22%. These year-over-year declines were an improvement from the deep plunges in the second quarter, when these metrics were 36% and 31%, respectively.
Stratasys is scheduled to report its Q4 results before the market open on Monday, March 1.
10 stocks we like better than Stratasys
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's largely because in early January rival 3D Systems (NYSE: DDD), which has a similar business profile, preannounced unofficial fourth-quarter results that were considerably better than Wall Street had been expecting. Stratasys (NASDAQ: SSYS) is slated to report its fourth-quarter and full-year 2020 results before the market open on Monday, March 1. Investors will likely be approaching the 3D printing company's report with more optimism than in earlier quarters in 2020, a year in which the COVID-19 pandemic has resulted in soft demand from many customers in the industrial sector.
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That's largely because in early January rival 3D Systems (NYSE: DDD), which has a similar business profile, preannounced unofficial fourth-quarter results that were considerably better than Wall Street had been expecting. Revenue $160.2 million $135.1 million (16%) Adjusted earnings per share $0.18 $0.00 (100%) Data sources: Stratasys and Yahoo! For context, in the third quarter, Stratasys' revenue fell 19% year over year to $127.9 million, easily topping the $121.7 million consensus estimate.
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That's largely because in early January rival 3D Systems (NYSE: DDD), which has a similar business profile, preannounced unofficial fourth-quarter results that were considerably better than Wall Street had been expecting. Indeed, the revenue consensus is based on Stratasys CFO Lilach Payorski's statement on last quarter'searnings callthat, "We are now almost halfway through the fourth quarter, and while there is still uncertainty about the pace of COVID-19 recovery, we currently expect to see sequential revenue growth of about 5% to 7%." For context, in the third quarter, Stratasys' revenue fell 19% year over year to $127.9 million, easily topping the $121.7 million consensus estimate.
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That's largely because in early January rival 3D Systems (NYSE: DDD), which has a similar business profile, preannounced unofficial fourth-quarter results that were considerably better than Wall Street had been expecting. Revenue $160.2 million $135.1 million (16%) Adjusted earnings per share $0.18 $0.00 (100%) Data sources: Stratasys and Yahoo! However, the revenue expectation represents a 5.6% sequential improvement from the third quarter.
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99a459c5-bedc-470d-821e-c357059a4a78
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716662.0
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2021-02-16 00:00:00 UTC
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7 3D Printing Stocks With Red-Hot Potential
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DDD
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https://www.nasdaq.com/articles/7-3d-printing-stocks-with-red-hot-potential-2021-02-16
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Yes, 3D printing stocks are on fire. No, it isn’t 2013. It’s 2021 and 3D printing stocks are making an enormous comeback.
The 3D Printing ETF (BATS:PRNT) is up 111% over the past year… and more than 50% since the start of the year.
3D Systems (NYSE:DDD) is up 391% year-to-date… Stratasys (NASDAQ:SSYS) is up 146%… ExOne (NASDAQ:XONE) is up 474%… Voxeljet (NASDAQ:VJET) is up 194%…
What in the world is going on?
The market is sending a message loud-and-cloud: The once sleepy and left-for-dead 3D printing industry is ready to wake up and sprint into hypergrowth mode over the next decade.
You see… for years and years, 3D printing was too slow, too expensive, and too niche to be usable for anything besides small-scale, one-off prototyping.
But the industry has made huge technical advancements over the past several years.
*** The Class of Stocks to Rule Them All
Now, these 3D printers are printing faster than ever thanks to more efficient layer-by-layer printing technology…
They are becoming very affordable, as manufacturing processes have been streamlined, economics of scale has kicked in, and material costs have plummeted…
And, most importantly, they are now able to print in metal (as opposed to just plastic), which makes them immediately usable on the factory floor.
The result is that more and more companies are incorporating rapid, cost-effective, metal 3D printing capabilities into their actual assembly lines.
It’s the beginning of the long-overdue 3D Printing Revolution.
The market finally started to notice that the tide was turning on Nov. 24, when Volkswagen ordered two 3D printers from Stratasys in a vote of confidence that these printers are value-additive now.
Then, on Dec. 10, metal 3D printing pioneer Desktop Metal (NYSE:DM) came public through a business combination with Trine Acquisition Corp. Through that business combination, Wall Street finally started to see first-hand that there was some really exciting progress being made on the metal 3D printing front.
A month later, 3D systems reported blockbuster preliminary fourth-quarter numbers that called for revenues to rise 5% year-over-year (versus expectations for a 15% drop) and for profits to double year-over-year (versus expectations for a 20% drop). This was a landmark moment wherein – for the first time ever – the numbers corroborated the turnaround thesis.
On Jan. 19, Stifel issued broadly bullish coverage on the entire 3D printing industry. That same day, Proto Labs (NYSE:PRLB) acquired online manufacturing platform 3D Hubs.
A week thereafter, 3D Systems announced intentions to significantly expand its bioprinting and regenerative medicine solutions… and most recently, on Feb. 8, ExOne reported upside prelim Q4 numbers that were as positively surprising as 3D Systems’ numbers in early January.
It’s been a very busy two months for the 3D printing industry.
And a very positive two months, too.
This industry is at a critical inflection point. It’s been a no-growth market for several years. Now, over the next few years, it’s going to transform into a sustainable 20%-plus growth market as a new generation of fast and affordable metal AM machines make their way onto factory floors everywhere, printing end-use parts for cars, planes, rocket-ships, medicine, and more.
Have you missed the rally?
A great question to ask, considering many of these stocks have doubled, tripled, even quadrupled in as little as a month.
But the answer is: No.
ARK Invest pegs the metal 3D printing market growing to over $97 billion in size by 2024, and some industry insiders believe $490 billion isn’t out of the question by 2025.
Yet, today’s 3D printing companies all feature sub-$10 billion market caps.
3D Systems is worth just $6.5 billion…
Stratasys is worth just $2.9 billion…
ExOne is worth just $1.3 billion…
Desktop Metal, just $6.5 billion…
Materialise (NASDAQ:MTLS), just $4.3 billion…
Proto Labs is worth just $5.5 billion.
Not all of these companies will succeed. But some will. And those that do will be worth many multiples of $10 billion – meaning that in this group, there are a few multi-baggers hiding in plain sight.
So, while 3D printing stocks are broadly overbought, they are not overvalued. Wait for them to cool off. Wait for these overbought conditions to retreat. Then, get aggressive. Buy the dip in what could be some of the biggest winners over the next decade.
P.S. Have you noticed the trend lately? The stock-picking trend has made a comeback in 2021… But with all these stocks going parabolic only to come crashing down, it’s impossible to tell up from down. It may seem like the smartest thing to do is sit on the sidelines… it’s not.
There are still stocks out there with hypergrowth potential… Stocks that have actual fundamentals which can push them higher in the near and long-term. One such stock could very well be “the next Amazon.” And I’m going to reveal it on Feb. 23 at 4pm EST!
As we near that date and time, I’ll give you more info on this multi-trillion-dollar shift.
Hope to see you there!
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It’s how his Daily 10X Report has averaged up to a ridiculous 100% return across all recommendations since launching last May. Click here to see how he does it.
More From Hypergrowth Investing
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7 Explosive Cryptocurrencies to Buy After the Bitcoin Halvening
15 EV Stocks to Buy as GM Goes All-Electric
The post 7 3D Printing Stocks With Red-Hot Potential appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE:DDD) is up 391% year-to-date… Stratasys (NASDAQ:SSYS) is up 146%… ExOne (NASDAQ:XONE) is up 474%… Voxeljet (NASDAQ:VJET) is up 194%… What in the world is going on? The market is sending a message loud-and-cloud: The once sleepy and left-for-dead 3D printing industry is ready to wake up and sprint into hypergrowth mode over the next decade. Through that business combination, Wall Street finally started to see first-hand that there was some really exciting progress being made on the metal 3D printing front.
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3D Systems (NYSE:DDD) is up 391% year-to-date… Stratasys (NASDAQ:SSYS) is up 146%… ExOne (NASDAQ:XONE) is up 474%… Voxeljet (NASDAQ:VJET) is up 194%… What in the world is going on? Then, on Dec. 10, metal 3D printing pioneer Desktop Metal (NYSE:DM) came public through a business combination with Trine Acquisition Corp. 3D Systems is worth just $6.5 billion… Stratasys is worth just $2.9 billion… ExOne is worth just $1.3 billion… Desktop Metal, just $6.5 billion… Materialise (NASDAQ:MTLS), just $4.3 billion… Proto Labs is worth just $5.5 billion.
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3D Systems (NYSE:DDD) is up 391% year-to-date… Stratasys (NASDAQ:SSYS) is up 146%… ExOne (NASDAQ:XONE) is up 474%… Voxeljet (NASDAQ:VJET) is up 194%… What in the world is going on? InvestorPlace - Stock Market News, Stock Advice & Trading Tips Yes, 3D printing stocks are on fire. *** The Class of Stocks to Rule Them All Now, these 3D printers are printing faster than ever thanks to more efficient layer-by-layer printing technology… They are becoming very affordable, as manufacturing processes have been streamlined, economics of scale has kicked in, and material costs have plummeted… And, most importantly, they are now able to print in metal (as opposed to just plastic), which makes them immediately usable on the factory floor.
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3D Systems (NYSE:DDD) is up 391% year-to-date… Stratasys (NASDAQ:SSYS) is up 146%… ExOne (NASDAQ:XONE) is up 474%… Voxeljet (NASDAQ:VJET) is up 194%… What in the world is going on? It’s been a very busy two months for the 3D printing industry. ARK Invest pegs the metal 3D printing market growing to over $97 billion in size by 2024, and some industry insiders believe $490 billion isn’t out of the question by 2025.
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7169dafe-5e16-44b4-83f3-c01e3515e43e
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716663.0
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2021-02-11 00:00:00 UTC
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DDD April 1st Options Begin Trading
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DDD
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https://www.nasdaq.com/articles/ddd-april-1st-options-begin-trading-2021-02-11
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the April 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 1st contracts and identified one put and one call contract of particular interest.
The put contract at the $50.50 strike price has a current bid of $7.50. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $50.50, but will also collect the premium, putting the cost basis of the shares at $43.00 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $51.56/share today.
Because the $50.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 60%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 14.85% return on the cash commitment, or 110.72% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $50.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $54.50 strike price has a current bid of $6.90. If an investor was to purchase shares of DDD stock at the current price level of $51.56/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $54.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 19.08% if the stock gets called away at the April 1st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $54.50 strike highlighted in red:
Considering the fact that the $54.50 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 13.38% boost of extra return to the investor, or 99.77% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 132%, while the implied volatility in the call contract example is 137%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $51.56) to be 116%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $54.50 strike highlighted in red: Considering the fact that the $54.50 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the April 1st expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $54.50 strike highlighted in red: Considering the fact that the $54.50 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the April 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 1st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $54.50 strike highlighted in red: Considering the fact that the $54.50 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the April 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 1st contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 1st contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $54.50 strike highlighted in red: Considering the fact that the $54.50 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the April 1st expiration.
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8d755db2-f9b2-454d-a68a-44092f8454e3
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716664.0
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2021-02-07 00:00:00 UTC
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Proto Labs to Kick Off 3D Printing Earnings Season: What to Watch
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DDD
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https://www.nasdaq.com/articles/proto-labs-to-kick-off-3d-printing-earnings-season%3A-what-to-watch-2021-02-07
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nan
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nan
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Proto Labs (NYSE: PRLB), a leading digital contract manufacturer, is slated to report its fourth-quarter and full-year 2020 results before the market opens on Friday, Feb. 12.
As it usually does, the company (which offers both traditional manufacturing and 3D printing services) will kick off the quarterly earnings season for the 3D printing space. Pure-play 3D printing company 3D Systems is scheduled to release its official results on Wednesday, Feb. 24, while fellow pure-play Stratasys hasn't yet announced a date for its release.
As with many companies that serve customers in the industrial sector, Proto Labs' business has been hurt by the COVID-19 pandemic. But the company has done a good job navigating this challenging crisis, and has easily beat Wall Street's earnings expectations in each of the first three quarters of 2020.
Investors have responded accordingly, driving shares up 91.6% over the one-year period through Friday, Feb. 5. The S&P 500 has returned 18.7% over this period.
Concept Laser's metal 3D printers in a Proto Labs manufacturing facility. Image source: Proto Labs.
Key numbers
METRIC
Q4 2019 RESULT
Q4 2020 WALL STREET CONSENSUS ESTIMATE
PROJECTED CHANGE YOY
Revenue
$111.9 million
$102.5 million
(8.4%)
Adjusted earnings per share (EPS)
$0.63
$0.49
(22%)
Data sources: Proto Labs and Yahoo! Finance. YOY = year over year.
For Q4, management guided for revenue in the range of $96 million to $106 million.
For context, in the third quarter, Proto Labs' revenue fell 8.5% year over year to $107.5 million. Adjusted for one-time items, net income was $17.9 million, which translated to EPS of $0.67, down 12% year over year.
As I recently wrote, "On last quarter'searnings call CFO John Way explained the reasons for the expected sequential [sales] decline: 'The third quarter included $3 million of COVID-related orders, and we expect less COVID-related revenue in the fourth quarter. Additionally, our fourth-quarter revenue tends to be lower than the third quarter, due to our normal seasonality pattern.' "
Proto Labs 2.0 e-commerce digital manufacturing platform
On theearnings call investors can expect management to give an update on the status of the company's new e-commerce digital manufacturing platform. In the third-quarter's earnings release, CEO Vicki Holt said that this platform "will go live in Europe in November, followed by a U.S. debut in the first quarter of 2021."
Management believes this platform will help the company further extend its leadership position in digital manufacturing.
3D Hubs acquisition
Investors can probably also expect that management will provide some additional information about 3D Hubs, which Proto Labs acquired on Jan. 25. The Netherlands-based company is a leading online manufacturing platform that provides customers with on-demand access to a global network of manufacturing partners.
We already know that Proto Labs expects this acquisition to be accretive to its revenue growth rate but slightly dilutive to its adjusted EPS in 2021.
This acquisition should position Proto Labs as more of a global player. The company currently generates the lion's share of its revenue in the United States. In the first nine months of 2020, 80% of its sales were in the U.S.
First-quarter 2021 guidance
The stock market looks ahead. So, its reaction to Proto Labs' earnings release will probably hinge more on the company's Q1 2021 guidance than its Q4 2020 results, relative to Wall Street's expectations.
For Q1, analysts are modeling for adjusted EPS of $0.49 on revenue of $110.3 million, representing year-over-year declines of 20% and 4%, respectively.
10 stocks we like better than Proto Labs
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Proto Labs (NYSE: PRLB), a leading digital contract manufacturer, is slated to report its fourth-quarter and full-year 2020 results before the market opens on Friday, Feb. 12. But the company has done a good job navigating this challenging crisis, and has easily beat Wall Street's earnings expectations in each of the first three quarters of 2020. So, its reaction to Proto Labs' earnings release will probably hinge more on the company's Q1 2021 guidance than its Q4 2020 results, relative to Wall Street's expectations.
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Revenue $111.9 million $102.5 million (8.4%) Adjusted earnings per share (EPS) $0.63 $0.49 (22%) Data sources: Proto Labs and Yahoo! For context, in the third quarter, Proto Labs' revenue fell 8.5% year over year to $107.5 million. " Proto Labs 2.0 e-commerce digital manufacturing platform On theearnings call investors can expect management to give an update on the status of the company's new e-commerce digital manufacturing platform.
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Revenue $111.9 million $102.5 million (8.4%) Adjusted earnings per share (EPS) $0.63 $0.49 (22%) Data sources: Proto Labs and Yahoo! For context, in the third quarter, Proto Labs' revenue fell 8.5% year over year to $107.5 million. " Proto Labs 2.0 e-commerce digital manufacturing platform On theearnings call investors can expect management to give an update on the status of the company's new e-commerce digital manufacturing platform.
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Revenue $111.9 million $102.5 million (8.4%) Adjusted earnings per share (EPS) $0.63 $0.49 (22%) Data sources: Proto Labs and Yahoo! So, its reaction to Proto Labs' earnings release will probably hinge more on the company's Q1 2021 guidance than its Q4 2020 results, relative to Wall Street's expectations. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Beth McKenna has no position in any of the stocks mentioned.
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07e67976-57cc-4c38-8079-73faf4ce8b2c
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716665.0
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2021-02-04 00:00:00 UTC
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Are These The Best Stocks To Buy Now? 4 Tech Stocks To Know
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DDD
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https://www.nasdaq.com/articles/are-these-the-best-stocks-to-buy-now-4-tech-stocks-to-know-2021-02-04
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nan
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4 Top Tech Stocks For Your List Tomorrow
Tech stocks are still some of the top performers on the stock market today. In fact, some might say that this is because the coronavirus pandemic continues to ravage the world. To elaborate, some of the best tech stocks in 2020 are companies that supported consumers and businesses during the pandemic. We saw the likes of Zoom (NASDAQ: ZM) and The Trade Desk (NASDAQ: TTD) soar to new heights thanks to this. But now, as vaccine rollouts and nationwide inoculation plans set in, investors might be wondering if the tech industry can maintain its momentum.
Well, the good thing about the tech sector is that it is constantly innovating and improving upon itself. Yesterday, news broke that IBM (NYSE: IBM) improved its quantum computing capabilities by a hundred-fold. IBM said, “Computations that take months now will take mere hours.” Adding to that, some of the largest names in tech continue to grow at break-neck speeds. We saw this amidst the current big tech earnings season. By all means, there will always be another limit to overcome along with new challenges to face. Even as the economy begins to recover, people will still come to rely on tech. Correspondingly, investors will likely continue flocking to the sector. Given these points, do you have these top tech stocks on your watchlist?
Top Tech Stocks To Buy [Or Sell] Now
3D Systems (NYSE: DDD)
Align Technology Inc. (NASDAQ: ALGN)
CPS Technologies Corporation (NASDAQ: CPSH)
Snap-on Inc. (NYSE: SNA)
3D Systems
3D Systems is a top tech stock in focus right now. As the name suggests, the company manufactures and sells 3D printers, materials, and offers related services. 3D printing technology has evolved to facilitate work across numerous growing industries, such as biotech and robotics manufacturing. As a leading additive manufacturing solutions provider, 3D Systems could be looking at long-term growth. Likewise, DDD stock has been making waves on the stock market with gains of over 300% year-to-date. Just yesterday, it jumped by over 12% on account of its latest announcement.
Source: TD Ameritrade TOS
In detail, 3D Systems revealed plans to expand its facilities in Rock Hill, Carolina. The company is looking to add 100,000 square feet to its existing headquarters campus. By extension, this will see it expanding its core manufacturing capabilities, customer relations center, and material development laboratories. If that wasn’t enough, it also announced plans to significantly expand its bioprinting solutions last week. Through its regenerative medicine subsidiary, the company will continue to refine existing organ manufacturing technology. With expansion upon expansion, 3D Systems appears to be firing on all cylinders. If anything, this would extend its lead as the pioneer 3D printing company in the industry. Could this make DDD stock a top tech stock to watch right now? I’ll let you decide.
Read More
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Are These Top E-Commerce Stocks Worth Watching This Month? 4 Names To Know
Align Technology Inc.
Following that, we have orthodontics tech company Align. It is a manufacturer of 3D digital scanners and clear dental aligners. Mainly, the company’s Invisalign products help with restorative treatment, allowing clients to align their teeth. Align’s offering of a less-invasive alternative to braces does cater to clients with less serious orthodontic concerns. In fact, ALGN stock shot up by over 14% at today’s opening bell on account of its recent earnings report.
Source: TD Ameritrade TOS
In its recent quarter fiscal reported at market close yesterday, Align posted stellar figures. The company saw a record total revenue of $834.5 million for the quarter, marking a year-over-year increase of 28.4%. To investors’ delight, it also reported a 70% year-over-year surge in earnings per share. Align also achieved a major milestone as it catered to its 2 millionth Invisalign patient in the Europe, Middle East, and Africa (EMEA) markets. The company cites strong year-over-year growth across regions as a key factor to its success this quarter. Furthermore, Align also revealed that it would be expanding its iTero scanning and imaging portfolio to serve a broader range of the dental market. For one thing, Align shows no signs of slowing down even amidst the current pandemic. With all this in mind, will you be adding ALGN stock to your watchlist?
[Read More] Square (SQ) Vs PayPal (PYPL): Which Fintech Stock Is A Better Buy Now?
CPS Technologies Corporation
CPS is a leading producer of high-performance energy management components. Impressively, its products are used in a plethora of industries. This ranges from electric vehicles and 5G infrastructure to wind turbines and even defense electronics. More importantly, CPSH stock skyrocketed by over 130% during intraday trading yesterday on news regarding its latest contract.
Source: TD Ameritrade TOS
Early on February 3, CPS announced that it received a purchase order from the U.S. Navy. The company will be supplying the navy with its HybridTech Armor panels. To elaborate, CPS’s armor products are designed to provide ballistic protection for crew-manned weapon stations. The $28.7 million contract is a massive win for the upcoming tech company. To put things into perspective, the total payout from this contract is over five times the quarterly revenue CPS saw for the quarter ended in September. On top of that, the company also gains recognition having been contracted by the U.S. Navy. CEO Grant Bennett said, “This purchase order is the culmination of many years of R&D, testing, prototyping, and design to apply the beneficial properties of metal-matrix composites to armor at scale,” Given all of this, could CPSH stock continue to flourish this year? You tell me.
[Read More] Should Investors Be Watching These Top Biotech Stocks This Month?
Snap-on Inc.
Another tech company in the limelight now would be Snap-on. The company manufactures and markets high-end tools and equipment for professional use across critical industries. To point out, the company’s products are employed in the fields of construction, agriculture, and power generation, to name a few. Thanks to this, it has mostly weathered the pandemic quite well. SNA stock surged by 9% as trading kicked off today. As of 4:00 pm. ET its priced at $188.86 a share. This is likely, in part, due to the company posting its fourth-quarter earnings earlier today.
Source: TD Ameritrade TOS
Overall, Snap-on saw another encouraging quarter. It reported total revenue of $1.07 billion for the quarter which translates to a 12.5% year-over-year increase. Despite its core Repair Systems & Information service being hit by the pandemic, Snap-on seems to persevere. Notably, the company has been making efforts to streamline and adapt its business to the current conditions. Back in December, it launched a new diagnostic website to provide round-the-clock support for customers learning to use its diagnostic products. Since then, it has continuously bolstered user-experience on the site. In its latest update just last week, the company added comprehensive vehicle repair solutions to its website as well. By and large, Snap-on continues to show its resourcefulness and resilience. Could this set up SNA stock for big gains moving forward? Time will tell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top Tech Stocks To Buy [Or Sell] Now 3D Systems (NYSE: DDD) Align Technology Inc. (NASDAQ: ALGN) CPS Technologies Corporation (NASDAQ: CPSH) Snap-on Inc. (NYSE: SNA) 3D Systems 3D Systems is a top tech stock in focus right now. Likewise, DDD stock has been making waves on the stock market with gains of over 300% year-to-date. Could this make DDD stock a top tech stock to watch right now?
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Top Tech Stocks To Buy [Or Sell] Now 3D Systems (NYSE: DDD) Align Technology Inc. (NASDAQ: ALGN) CPS Technologies Corporation (NASDAQ: CPSH) Snap-on Inc. (NYSE: SNA) 3D Systems 3D Systems is a top tech stock in focus right now. Likewise, DDD stock has been making waves on the stock market with gains of over 300% year-to-date. Could this make DDD stock a top tech stock to watch right now?
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Top Tech Stocks To Buy [Or Sell] Now 3D Systems (NYSE: DDD) Align Technology Inc. (NASDAQ: ALGN) CPS Technologies Corporation (NASDAQ: CPSH) Snap-on Inc. (NYSE: SNA) 3D Systems 3D Systems is a top tech stock in focus right now. Could this make DDD stock a top tech stock to watch right now? Likewise, DDD stock has been making waves on the stock market with gains of over 300% year-to-date.
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Top Tech Stocks To Buy [Or Sell] Now 3D Systems (NYSE: DDD) Align Technology Inc. (NASDAQ: ALGN) CPS Technologies Corporation (NASDAQ: CPSH) Snap-on Inc. (NYSE: SNA) 3D Systems 3D Systems is a top tech stock in focus right now. Likewise, DDD stock has been making waves on the stock market with gains of over 300% year-to-date. Could this make DDD stock a top tech stock to watch right now?
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9b021063-7d92-4aac-8c3d-f7f2e98a8457
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716666.0
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2021-02-04 00:00:00 UTC
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Why 3D Printing Stock Proto Labs Surged 38% in January
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DDD
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https://www.nasdaq.com/articles/why-3d-printing-stock-proto-labs-surged-38-in-january-2021-02-04
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nan
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nan
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What happened
Shares of quick-turn contract manufacturer Proto Labs (NYSE: PRLB) jumped 38.1% in January, according to data from S&P Global Market Intelligence.
For context, the S&P 500 index fell 1% last month.
Image source: Getty Images.
So what
We can attribute Proto Labs stock's strong performance last month to two main catalysts.
First, investors liked the company's acquisition news. Shares popped 6.6% following Proto Labs' Jan. 19 announcement that it was buying 3D Hubs, a Netherlands-based leading online manufacturing platform that provides customers with on-demand access to a global network of manufacturing partners. Following the Jan. 25 news that the $280 million deal had closed, shares gained nearly 8%.
Proto Labs claims the acquisition means it has the "world's most comprehensive digital manufacturing offer for custom parts." It expects the acquisition to be accretive to its revenue growth rate and slightly dilutive to its adjusted earnings per share in 2021.
In 2020, 3D Hubs generated about $25 million in revenue. For context, Proto Labs raked in revenue of $329.2 million in the first nine months of last year and has guided for revenue of about $101 million in the fourth quarter, making its annual tally likely to be in the ballpark of $430 million.
So 3D Hubs is currently quite small relative to Proto Labs, but it's been growing very fast. It has a compound annual growth rate of more than 200% since 2017.
The second catalyst pushing Proto Labs stock up last month was industry related rather than company specific. Investors drove the stock up 13% on Jan. 7 following good news from 3D Systems (NYSE: DDD), whose shares rocketed 104% on that day.
Data by YCharts.
Along with other news that's not relevant to Proto Labs, 3D Systems announced preliminary results for the fourth quarter of 2020 that were notably better than Wall Street had been expecting.
Given that Proto Labs and 3D Systems compete in the on-demand 3D printing services space, investors believe that 3D Systems turning in stronger-than-expected results in the fourth quarter makes it more likely that Proto Labs will do the same. Both companies serve a lot of industrial companies, along with healthcare companies.
Proto Labs stock isn't just a one-month wonder, as shares have more than doubled over the last year.
Data by YCharts.
Now what
Investors shouldn't have long to wait for material news. Proto Labs is slated to report its fourth-quarter and full-year 2020 results on Friday, Feb. 12, before the market open.
For Q4, the company has guided for revenue in the range of $96 million to $106 million, compared to $107.5 million in the third quarter.
On last quarter'searnings call CFO John Way explained the reasons for the expected sequential decline: "The third quarter included $3 million of COVID-related orders, and we expect less COVID-related revenue in the fourth quarter. Additionally, our fourth-quarter revenue tends to be lower than the third quarter, due to our normal seasonality pattern."
10 stocks we like better than Proto Labs
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors drove the stock up 13% on Jan. 7 following good news from 3D Systems (NYSE: DDD), whose shares rocketed 104% on that day. What happened Shares of quick-turn contract manufacturer Proto Labs (NYSE: PRLB) jumped 38.1% in January, according to data from S&P Global Market Intelligence. Proto Labs claims the acquisition means it has the "world's most comprehensive digital manufacturing offer for custom parts."
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Investors drove the stock up 13% on Jan. 7 following good news from 3D Systems (NYSE: DDD), whose shares rocketed 104% on that day. For context, Proto Labs raked in revenue of $329.2 million in the first nine months of last year and has guided for revenue of about $101 million in the fourth quarter, making its annual tally likely to be in the ballpark of $430 million. The second catalyst pushing Proto Labs stock up last month was industry related rather than company specific.
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Investors drove the stock up 13% on Jan. 7 following good news from 3D Systems (NYSE: DDD), whose shares rocketed 104% on that day. For context, Proto Labs raked in revenue of $329.2 million in the first nine months of last year and has guided for revenue of about $101 million in the fourth quarter, making its annual tally likely to be in the ballpark of $430 million. The second catalyst pushing Proto Labs stock up last month was industry related rather than company specific.
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Investors drove the stock up 13% on Jan. 7 following good news from 3D Systems (NYSE: DDD), whose shares rocketed 104% on that day. First, investors liked the company's acquisition news. For context, Proto Labs raked in revenue of $329.2 million in the first nine months of last year and has guided for revenue of about $101 million in the fourth quarter, making its annual tally likely to be in the ballpark of $430 million.
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6b6f9a0e-26c9-4639-a7ee-142ea3156ea7
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716667.0
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2021-02-03 00:00:00 UTC
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Why 3D Systems Stock Just Popped 15%
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-just-popped-15-2021-02-03
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nan
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nan
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What happened
Shares of 3D Systems (NYSE: DDD) are on a tear today, up 15.3% at 12:25 p.m. EST. This morning, the 3D-printing company announced a 100,000-square-foot expansion of its headquarters campus in Rock Hill, South Carolina.
So what
Why such excitement over a construction project? This isn't just an addition of office space we're talking about. Rather, 3D says it will be consolidating "materials manufacturing, quality, and logistics operations" and putting them all next door to management. It will also expand its "advanced manufacturing capabilities for both metal and polymer components," and add "new and expanded materials development laboratories." The aim is to improve operating efficiencies, accelerate product development, and reduce time to market.
Or in financial terms, boosting sales and improving profit margins.
Image source: Getty Images.
Now what
CEO Jeffrey Graves explained that the floor-space expansion is part of the company's restructuring and reorganization plan announced last year. This is the same plan that permitted 3D to raise the possibility that it will finally return to profitability in the fourth quarter, igniting an 84.5% rally in the stock. So it's understandable that investors are taking today's news as good news.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD) are on a tear today, up 15.3% at 12:25 p.m. EST. The aim is to improve operating efficiencies, accelerate product development, and reduce time to market. Now what CEO Jeffrey Graves explained that the floor-space expansion is part of the company's restructuring and reorganization plan announced last year.
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What happened Shares of 3D Systems (NYSE: DDD) are on a tear today, up 15.3% at 12:25 p.m. EST. It will also expand its "advanced manufacturing capabilities for both metal and polymer components," and add "new and expanded materials development laboratories." After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened Shares of 3D Systems (NYSE: DDD) are on a tear today, up 15.3% at 12:25 p.m. EST. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them!
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What happened Shares of 3D Systems (NYSE: DDD) are on a tear today, up 15.3% at 12:25 p.m. EST. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them!
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b05449d3-4074-4e1a-80b8-c7feef3afc6c
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716668.0
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2021-01-28 00:00:00 UTC
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Is 3D Printing Finally Ready For Takeoff? Companies to Watch
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DDD
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https://www.nasdaq.com/articles/is-3d-printing-finally-ready-for-takeoff-companies-to-watch-2021-01-28
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nan
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nan
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G
lobal supply chains have been hit hard in recent years by trade wars and, more recently, the pandemic, creating additional opportunities for additive manufacturing (AM) or, as it is more commonly known, 3D printing. While this technology has been around for some time, its adoption has accelerated, similar to how the nearly overnight shift towards a virtual workforce created profound opportunities for those companies providing the digital infrastructure underpinning the internet. Companies ranging from supercar designer Bugatti to General Electric (GE) and Autodesk (ADSK) are changing how they operate to take advantage of additive manufacturing, which is poised to enjoy outsized growth in the coming years.
The pandemic accelerated many shifts that were already taking place in the global economy, such as the move away from the physical world and towards the virtual world, where most of us under some sort of lockdown now work, shop, connect, and are entertained. Another shift that has accelerated is towards a world of reduced globalization with more localized and flexible supply chains. Companies are shifting away from the once-heralded “just-in-time” manufacturing, as its vulnerabilities were made painfully clear in 2020.
The heightened levels of uncertainty brought on by the pandemic and the ensuing rolling lockdowns around the world created enormous logistical challenges due to the disruptions in raw material generation, manufacturing, and transportation. This came at a time when globalization and free trade were already under attack, leading to supply chain pressures and critical shortages in vital goods.
With many corporate P&Ls under increasing pressure, 3D printing can reduce not only costs but also time, simplify supply chains, and with ESG on investors’ minds, even reduce waste. The most significant environmental benefit of 3D printing is that it is additive, versus traditional manufacturing methods, which are subtractive. Yes, that sounds like a mouthful but what it means is actually pretty straightforward: Traditional manufacturing typically starts with a solid piece of something, such as wood or metal, then cuts (subtracts) from that original piece until the desired object has been produced – think Michelangelo carving David out of a slab of marble. This is why traditional manufacturing often generates a lot of waste that ends up in landfills and even the oceans. Yes, that waste can be used as raw material for something else, but that requires additional energy.
3D printing does the opposite. It continually builds layer after layer, with minimal waste. In some cases, 3D printing can use waste as raw materials. For example, researchers at the University of Louisville have developed a process to transform soybean shells leftover from soybean processing into 3D-printing materials. Keep in mind that the U.S. alone discards 8 million tons of soybean husks annually, so this is no small feat.
Amid the economic shakeup in 2020, the 3D printing market declined slightly year-over-year to about $12 billion but is expected to grow over the next five years to anywhere between $51 billion (Boston Consulting Group) to $120 billion (McKinsey). While the pandemic has been a headwind to growth for much of the global economy, it also opened a door of opportunity for 3D printing. As medical supply chains were utterly decimated at times last year, 3D printing became a vital technology to support healthcare systems in crisis.
It was used to create ventilator valves, mask connectors for CPAP and BiPAP machines, nasopharyngeal swabs, metal respirator filters, and temporary emergency isolation dwellings. The U.S. Department of Defense used 3D printing to create N95 respirators. According to the Healthcare 3D Printing Market research report, the global healthcare 3D printing market is expected to see a 19.2% CAGR between 2019 and 2026. This technology’s ability to quickly solve problems in a crisis became yet one more tailwind supporting its widespread adoption.
Using 3D printing, General Electric expects to save $2 million to $3 million per plane by reducing “the number of parts in a jet engine fuel nozzle from 20 to one, leading to a 25% weight reduction and reduced assembly times. In a new advanced turboprop engine, a dozen 3D-printed parts replace 855 components produced by multiple contractors. Reductions in the number of parts also streamline supply chains.” 3D printing can also make the previously impossible possible. Volkswagen (VLKAF) reports that its engineers at Bugatti, using 3D printing, have developed a pressure-loaded coupling rod weighing just 100 grams that can transmit a force of up to 3.5 tons. That’s only slightly more than any of us can deadlift.
At its Additive Manufacturing Campus in Munich, Germany, BMW (BMWYY) uses the technology to create precision plastic and metal components that would otherwise be “virtually impossible to produce using conventional tools,” but that can be manufactured quickly and easily using computer algorithms.
Scientists in Australia have developed a ceramic-based ink made up of calcium phosphate that could allow surgeons to “print” bone parts with living cells to repair damaged bone tissue. This ink is part of a new technique called ceramic omnidirectional bioprinting in cell-suspension (say that five times fast) that allows bone-like structures to be printed that will harden within minutes after being placed in water.
Additive printing isn’t just for parts, human or otherwise. SQ4D, an offshoot of the New York-based S-Squared 3D Printers, reportedly built a 1,407 square foot home in only eight days with a total of 48 hours in print time. The house was entirely printed and built onsite, using less than $6,000 in materials using SQ4D’s Autonomous Robotic Construction System. For those looking to relocate, the home is now on sale for $300,000 in Riverhead, New York. According to SQ4D, their system can reduce the labor required to construct a home to as few as three people and utterly eliminates over 20 manual labor-intensive processes such as siding, framing, sheathing, etc. The structure is also reportedly mold and fire-resistant and built to withstand severe weather.
Looking for something a bit posher? A nearly 7,000 square foot 3D printed home was recently unveiled in Dubai, developed by Apis Cor in collaboration with the University of Nantes, and holds the Guinness World Record for the largest onsite 3D printed construction. Dubai’s vision for 2025 is to have at least 25% of every new building in the city 3D printed. After you’ve purchased that space-age new 3D home, you’ll need to furnish it. Meet the 3D printed, continuous form chair with a thickness of just 6mm using advanced polymers.
The bottom line is additive printing is everywhere, from manufacturing lines to the operating room to construction. It will utterly revolutionize many aspects of our economy in the coming decades in ways that most of us cannot even fathom. The winners from this cleaner, faster, and more flexible technology will be those companies that are quickly incorporating it into their operations or providing additive printing solutions, such as 3D Systems Corp (DDD), Stratasys Ltd (SSYS), General Electric, the ExOne (XONE), and Materialise (MTLS). Those companies that remain wedded to outdated, less flexible, and highly labor-intensive technologies will face profound headwinds to growth, as will, sadly, many who work in construction and manufacturing, as they will require less labor over time. However, that evolution in labor pool skills will also create an opportunity for those who offer solutions to this need to retool, but that is a story for another day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The winners from this cleaner, faster, and more flexible technology will be those companies that are quickly incorporating it into their operations or providing additive printing solutions, such as 3D Systems Corp (DDD), Stratasys Ltd (SSYS), General Electric, the ExOne (XONE), and Materialise (MTLS). Companies ranging from supercar designer Bugatti to General Electric (GE) and Autodesk (ADSK) are changing how they operate to take advantage of additive manufacturing, which is poised to enjoy outsized growth in the coming years. The heightened levels of uncertainty brought on by the pandemic and the ensuing rolling lockdowns around the world created enormous logistical challenges due to the disruptions in raw material generation, manufacturing, and transportation.
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The winners from this cleaner, faster, and more flexible technology will be those companies that are quickly incorporating it into their operations or providing additive printing solutions, such as 3D Systems Corp (DDD), Stratasys Ltd (SSYS), General Electric, the ExOne (XONE), and Materialise (MTLS). lobal supply chains have been hit hard in recent years by trade wars and, more recently, the pandemic, creating additional opportunities for additive manufacturing (AM) or, as it is more commonly known, 3D printing. As medical supply chains were utterly decimated at times last year, 3D printing became a vital technology to support healthcare systems in crisis.
|
The winners from this cleaner, faster, and more flexible technology will be those companies that are quickly incorporating it into their operations or providing additive printing solutions, such as 3D Systems Corp (DDD), Stratasys Ltd (SSYS), General Electric, the ExOne (XONE), and Materialise (MTLS). lobal supply chains have been hit hard in recent years by trade wars and, more recently, the pandemic, creating additional opportunities for additive manufacturing (AM) or, as it is more commonly known, 3D printing. According to the Healthcare 3D Printing Market research report, the global healthcare 3D printing market is expected to see a 19.2% CAGR between 2019 and 2026.
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The winners from this cleaner, faster, and more flexible technology will be those companies that are quickly incorporating it into their operations or providing additive printing solutions, such as 3D Systems Corp (DDD), Stratasys Ltd (SSYS), General Electric, the ExOne (XONE), and Materialise (MTLS). While this technology has been around for some time, its adoption has accelerated, similar to how the nearly overnight shift towards a virtual workforce created profound opportunities for those companies providing the digital infrastructure underpinning the internet. In some cases, 3D printing can use waste as raw materials.
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4c5d7561-ff59-4301-8332-35b63f02fbd9
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716669.0
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2021-01-28 00:00:00 UTC
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Why Proto Labs Stock Crashed Back 12.6% Today
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DDD
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https://www.nasdaq.com/articles/why-proto-labs-stock-crashed-back-12.6-today-2021-01-28
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nan
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nan
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What happened
I won't say, "I told you so." In fact, I didn't tell you so -- not outright at least. But in discussing Proto Labs' (NYSE: PRLB) remarkable 12.3% jump in stock price yesterday, I think I at least implied that there wasn't any good reason for it and that investors were lumping in Proto Labs stock with a much different story.
So what
Specifically, the story of how 3-D printer-maker 3D Systems (NYSE: DDD) is getting into the human body-parts-printing business.
To refresh your memory, yesterday, 3D announced that it is expanding its partnership with United Therapeutics Corporation (NASDAQ: UTHR), whereby 3D uses a "Print to Perfusion" process to 3D print scaffoldings that United Therapeutics then uses to grow human tissue, essentially creating artificial human organs for medical research and surgical transportation.
Image source: Getty Images.
Now what
This is cutting edge biotech stuff, folks, and 3D thinks it could be "an exciting growth driver" for its business over the next decade or so. It does not, however, have a whole lot to do with Proto Labs' business, which consists of using 3D printers to manufacture prototypes and small batches of products for primarily industrial customers. I think today other investors may have come to the same conclusion.
After running up 12.3% in share price yesterday, today, Proto Labs stock ran back down 12.6% and closed Thursday trading below where they had begun trading on Wednesday.
10 stocks we like better than Proto Labs
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So what Specifically, the story of how 3-D printer-maker 3D Systems (NYSE: DDD) is getting into the human body-parts-printing business. To refresh your memory, yesterday, 3D announced that it is expanding its partnership with United Therapeutics Corporation (NASDAQ: UTHR), whereby 3D uses a "Print to Perfusion" process to 3D print scaffoldings that United Therapeutics then uses to grow human tissue, essentially creating artificial human organs for medical research and surgical transportation. Now what This is cutting edge biotech stuff, folks, and 3D thinks it could be "an exciting growth driver" for its business over the next decade or so.
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So what Specifically, the story of how 3-D printer-maker 3D Systems (NYSE: DDD) is getting into the human body-parts-printing business. After running up 12.3% in share price yesterday, today, Proto Labs stock ran back down 12.6% and closed Thursday trading below where they had begun trading on Wednesday. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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So what Specifically, the story of how 3-D printer-maker 3D Systems (NYSE: DDD) is getting into the human body-parts-printing business. But in discussing Proto Labs' (NYSE: PRLB) remarkable 12.3% jump in stock price yesterday, I think I at least implied that there wasn't any good reason for it and that investors were lumping in Proto Labs stock with a much different story. 10 stocks we like better than Proto Labs When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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So what Specifically, the story of how 3-D printer-maker 3D Systems (NYSE: DDD) is getting into the human body-parts-printing business. But in discussing Proto Labs' (NYSE: PRLB) remarkable 12.3% jump in stock price yesterday, I think I at least implied that there wasn't any good reason for it and that investors were lumping in Proto Labs stock with a much different story. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them!
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7da7680f-6938-4ce3-841c-9a63a0f0c097
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716670.0
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2021-01-28 00:00:00 UTC
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March 12th Options Now Available For 3D Systems
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DDD
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https://www.nasdaq.com/articles/march-12th-options-now-available-for-3d-systems-2021-01-28
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 12th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 12th contracts and identified one put and one call contract of particular interest.
The put contract at the $39.50 strike price has a current bid of $5.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $39.50, but will also collect the premium, putting the cost basis of the shares at $33.70 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $40.04/share today.
Because the $39.50 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 14.68% return on the cash commitment, or 124.64% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $39.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $40.50 strike price has a current bid of $6.00. If an investor was to purchase shares of DDD stock at the current price level of $40.04/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $40.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 16.13% if the stock gets called away at the March 12th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $40.50 strike highlighted in red:
Considering the fact that the $40.50 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.99% boost of extra return to the investor, or 127.20% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $40.04) to be 114%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $40.50 strike highlighted in red: Considering the fact that the $40.50 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 12th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $40.50 strike highlighted in red: Considering the fact that the $40.50 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 12th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 12th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $40.50 strike highlighted in red: Considering the fact that the $40.50 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 12th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 12th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 12th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $40.50 strike highlighted in red: Considering the fact that the $40.50 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 12th expiration.
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8d03d18e-ae69-4a85-ba8e-c20088cd6270
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716671.0
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2021-01-27 00:00:00 UTC
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3 Lessons From GameStop's Meteoric Rise
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DDD
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https://www.nasdaq.com/articles/3-lessons-from-gamestops-meteoric-rise-2021-01-27
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nan
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nan
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It's still early in 2021, but there's a good candidate for stock story of the year.
Shares of GameStop (NYSE: GME), a stodgy video game retailer, have soared recently thanks to a band of traders on the Reddit group WallStreetBets. Though there's been no significant news out on the company this year, these traders have executed a massive short squeeze on a stock with a low float that was heavily bet against. As of the end of December, 260% of GameStop's float been sold short, meaning the average share had been borrowed 2.6 times. The overwhelming majority of investors were betting on the stock to go down, but the skyrocketing share price forced many of those traders to buy back the stock, helping to propel the rally.
GameStop stock has essentially doubled in each of the last two weeks and was off to a blistering start on Jan. 25 as well, pushing the share price as high as $159 before it pulled back. The ascent continued on Wednesday morning, as shares jumped to $250 in pre-market trading. Over the last six months, GameStop shares are now worth more than 50 times what they were as recently as August, when they were trading below $5 -- penny-stock range. While there's no telling how or when the stratospheric rally will end, there are some important lessons for investors to take away.
Image source: Getty Images.
1. Don't short stocks in this market
Shorting stocks, which means betting that stocks will go down rather than up, is always risky. Over the long term, stocks tend to go up rather than down, and shorting stocks exposes you to infinite risk. When you're long a stock, meaning you own shares, the worst that can happen is that lose all the you money you invested.
By contrast, when you short a stock, the best you can do is to double your money, though you can theoretically have infinite losses. If you short a stock at $5 and it goes up to $50, you could be forced to buy it back for 10 times more than what you paid for it. If your original investment cost $1,000, you would've lost $9,000.
Today's market has crushed the fortunes of more than a few short-sellers. In the case of GameStop, Citron Research's Andrew Left, a well-known short-seller, argued in a video, "This is a failing mall-based retailer. So the amount of people who are so passionate about putting GameStop higher not based on any fundamentals -- it just shows the natural state of the market right now."
Similarly, the chart below shows how Tesla short-sellers have had to close out their bets after getting burned over the past year.
TSLA data by YCharts.
2. The market is as frothy as ever
Not since at least the dot-com bubble have stocks been this divorced from fundamentals. Despite the rise in its share price, GameStop remains a fundamentally weak company. The stock spent the past five years on the decline, as its business model has been disrupted. Many video game systems no longer rely on cartridges, and e-commerce providers have supplanted much of what business GameStop would otherwise have gotten. In its recent holiday sales update, it reported declining sales in the November-December period, showing that its recent performance is no justification for the stock's sudden surge. Nonetheless, GameStop has gone from all-time lows to all-time highs.
GME data by YCharts.
But GameStop isn't the only example of the market's frothiness. Valuations are getting stretched across the market. The price-to-earnings ratio for the S&P 500 has gone from just over 20 at the end of 2019 to 39 even as the global economy is still reeling from the coronavirus pandemic. Traders have piled into bitcoin, among other cryptocurrencies, lifting its value from less than $10,000 last summer to more than $40,000 earlier this month. Initial public offerings (IPOs) have regularly doubled on opening day. Similarly, the special-purpose acquisition company (SPAC) boom has also delivered plenty of single-day stock pops.
Additionally, sectors like electric vehicles and renewable energy have also skyrocketed almost entirely on expectations that such technologies will go mainstream, even though that transition could take decades. Finally, call-option buying has surged to a new record in 2021, following a previous high in 2020.
3. Fundamentals don't matter until they do
GameStop's recent surge is reminiscent of earlier bubbles, including one in marijuana stocks. Shares of Tilray, a Canadian marijuana grower, soared in 2018 ahead of Canadian legalization, rising from an IPO price of $17 in July of that year to more than $300 in September 2018. But that boom was primarily due to a low share count as demand for Tilray shares exhausted supply ahead of Canadian legalization, and also combined with a short squeeze. Today, Tilray trades barely above its $17 IPO price.
Similarly, 3D-printing stocks captivated the market in early 2010s, much like investors currently seemed to be enthralled with electric and vehicle and renewable energy stocks. You can probably spot the bubble in 3D Systems and Stratasys below.
DDD data by YCharts.
It's also noteworthy that these two stocks are suddenly soaring again even though the industry largely contracted last year during the pandemic.
GameStop's unprecedented rise makes it clear speculators are driving the movement in a number of corners of the market today, and many of these traders are buying stocks based on the greater fool theory -- namely, that someone else will come along and pay more. But history has shown that eventually stock valuations return to historic norms. Fundamentals prevail.
The party in GameStop shares could go on for a while longer, but for long-term investors, it's another reminder to be wary of any stock skyrocketing on little fundamental news.
10 stocks we like better than GameStop
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and GameStop wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 20, 2020
Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DDD data by YCharts. Shares of GameStop (NYSE: GME), a stodgy video game retailer, have soared recently thanks to a band of traders on the Reddit group WallStreetBets. Though there's been no significant news out on the company this year, these traders have executed a massive short squeeze on a stock with a low float that was heavily bet against.
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DDD data by YCharts. Shares of GameStop (NYSE: GME), a stodgy video game retailer, have soared recently thanks to a band of traders on the Reddit group WallStreetBets. Don't short stocks in this market Shorting stocks, which means betting that stocks will go down rather than up, is always risky.
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DDD data by YCharts. The overwhelming majority of investors were betting on the stock to go down, but the skyrocketing share price forced many of those traders to buy back the stock, helping to propel the rally. Don't short stocks in this market Shorting stocks, which means betting that stocks will go down rather than up, is always risky.
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DDD data by YCharts. The overwhelming majority of investors were betting on the stock to go down, but the skyrocketing share price forced many of those traders to buy back the stock, helping to propel the rally. Over the last six months, GameStop shares are now worth more than 50 times what they were as recently as August, when they were trading below $5 -- penny-stock range.
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e85d8437-07e5-46d3-9c76-aab4fe995658
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716672.0
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2021-01-27 00:00:00 UTC
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Why 3D Systems, Stratasys, and Proto Labs Stocks All Popped Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stratasys-and-proto-labs-stocks-all-popped-today-2021-01-27
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nan
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nan
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What happened
On a down day for stock markets, shares of companies involved in the 3D printing business -- additive manufacturing -- are doing just fine. More than fine, actually. As of 1:45 p.m. EST, shares of 3D Systems (NYSE: DDD) had blasted off to a 16.5% gain, while archrival Stratasys (NASDAQ: SSYS) and 3D prototype manufacturer Proto Labs (NYSE: PRLB) had risen 8.5% and 10.7%, respectively.
So what
What's the reason for the ruckus? "Market volatility" is the easiest answer -- and there's certainly been enough of that happening lately! But in the 3D printing sector in particular, there's also some actual news of note today.
Specifically, 3D Systems -- the stock that's leading the sector higher today -- announced a "breakthrough in bioprinting technology" today, and an "expansion of regenerative medicine." 3D systems cited "tremendous progress made in collaboration with United Therapeutics Corporation (NASDAQ: UTHR)" in manufacturing human organs for transplant utilizing "3D printing systems for solid-organ scaffolds." Now, the company says it intends to "invest, further develop, and commercialize solutions for the diverse application opportunities in regenerative medicine."
3D Systems is really "ahead" of the curve in additive manufacturing. Image source: Getty Images.
Now what
That's right, folks. 3D is in the body parts-printing business now. From industrial roots, it's basically evolved into a biotech stock.
Going forward, it's hard to say precisely how this will play out. Even 3D Systems admits that this is only a "nascent industry." It remains to be seen whether a rival like Stratasys can imitate 3D's success -- or what role a prototype like Proto Labs might play. But as for 3D Systems itself, the company says its "Print to Perfusion" process is capable of 3D printing "full size, vascularized, rapid, micron-level scaffolds on which to perfuse living human cells to grow functioning human organs. The company further believes that the ability to grow organs artificially in this manner has "the potential to enable novel laboratory testing methods to accelerate the development of new drug therapies while reducing the need for animal testing."
In a masterful example of understatement, 3D Systems calls its new ability to help grow human organs with a 3D printer "an exciting growth driver for our healthcare business."
It's certainly exciting 3D printing investors today.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As of 1:45 p.m. EST, shares of 3D Systems (NYSE: DDD) had blasted off to a 16.5% gain, while archrival Stratasys (NASDAQ: SSYS) and 3D prototype manufacturer Proto Labs (NYSE: PRLB) had risen 8.5% and 10.7%, respectively. What happened On a down day for stock markets, shares of companies involved in the 3D printing business -- additive manufacturing -- are doing just fine. Now, the company says it intends to "invest, further develop, and commercialize solutions for the diverse application opportunities in regenerative medicine."
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As of 1:45 p.m. EST, shares of 3D Systems (NYSE: DDD) had blasted off to a 16.5% gain, while archrival Stratasys (NASDAQ: SSYS) and 3D prototype manufacturer Proto Labs (NYSE: PRLB) had risen 8.5% and 10.7%, respectively. What happened On a down day for stock markets, shares of companies involved in the 3D printing business -- additive manufacturing -- are doing just fine. It's certainly exciting 3D printing investors today.
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As of 1:45 p.m. EST, shares of 3D Systems (NYSE: DDD) had blasted off to a 16.5% gain, while archrival Stratasys (NASDAQ: SSYS) and 3D prototype manufacturer Proto Labs (NYSE: PRLB) had risen 8.5% and 10.7%, respectively. What happened On a down day for stock markets, shares of companies involved in the 3D printing business -- additive manufacturing -- are doing just fine. 3D systems cited "tremendous progress made in collaboration with United Therapeutics Corporation (NASDAQ: UTHR)" in manufacturing human organs for transplant utilizing "3D printing systems for solid-organ scaffolds."
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As of 1:45 p.m. EST, shares of 3D Systems (NYSE: DDD) had blasted off to a 16.5% gain, while archrival Stratasys (NASDAQ: SSYS) and 3D prototype manufacturer Proto Labs (NYSE: PRLB) had risen 8.5% and 10.7%, respectively. What happened On a down day for stock markets, shares of companies involved in the 3D printing business -- additive manufacturing -- are doing just fine. In a masterful example of understatement, 3D Systems calls its new ability to help grow human organs with a 3D printer "an exciting growth driver for our healthcare business."
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bac27354-6aa7-4f2b-828b-c6fd58dbf83c
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716673.0
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2021-01-27 00:00:00 UTC
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DDD Stock Alert: The Breakthrough That Has 3D Systems Stock Shooting Higher Today
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DDD
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https://www.nasdaq.com/articles/ddd-stock-alert%3A-the-breakthrough-that-has-3d-systems-stock-shooting-higher-today-2021-01
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
3D Systems (NYSE:DDD) stock is soaring higher on Wednesday after revealing plans to invest in 3D printing for solid-organ scaffolds.
Source: FabrikaSimf / Shutterstock.com
3D Systems says that it’s been working alongside United Therapeutics Corporation (NASDAQ:UTHR) to develop 3D printing methods for medical purposes. DDD notes that it wants to further develop this work and has plans to commercialize it.
According to a news release, 3D Systems and United Therapeutics Corporation reached this after developing lung scaffolds in 2020. The process they created allows for rapid manufacturing of lung scaffolds that can be grafted onto already living tissue.
3D Systems points out that this success means more than just creating lung scaffolds. It also opens the company up to creating devices for bioprinting in other areas of the body as well. That means it can expand its printing efforts to meet a wide range of needs in the field.
9 Stocks Selling at a Discount Right Now
Chuck Hull, co-founder, executive vice president and CTO of 3D Systems, said this about the news boosting DDD stock higher today.
“Over the last years as bioprinting and regenerative medicine have evolved, we’ve seen a growing need to place cells at high-resolution in a nurturing matrix to produce complex tissues. Precise 3D printing with hydrogels, followed by perfusion of cells into the printed scaffold is the best way to achieve this, and we are thankful our work with United Therapeutics has given us the opportunity to advance and perfect this technology.”
DDD stock was up 15.3% as of Wednesday morning.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The post DDD Stock Alert: The Breakthrough That Has 3D Systems Stock Shooting Higher Today appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips 3D Systems (NYSE:DDD) stock is soaring higher on Wednesday after revealing plans to invest in 3D printing for solid-organ scaffolds. DDD notes that it wants to further develop this work and has plans to commercialize it. 9 Stocks Selling at a Discount Right Now Chuck Hull, co-founder, executive vice president and CTO of 3D Systems, said this about the news boosting DDD stock higher today.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips 3D Systems (NYSE:DDD) stock is soaring higher on Wednesday after revealing plans to invest in 3D printing for solid-organ scaffolds. DDD notes that it wants to further develop this work and has plans to commercialize it. 9 Stocks Selling at a Discount Right Now Chuck Hull, co-founder, executive vice president and CTO of 3D Systems, said this about the news boosting DDD stock higher today.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips 3D Systems (NYSE:DDD) stock is soaring higher on Wednesday after revealing plans to invest in 3D printing for solid-organ scaffolds. 9 Stocks Selling at a Discount Right Now Chuck Hull, co-founder, executive vice president and CTO of 3D Systems, said this about the news boosting DDD stock higher today. Precise 3D printing with hydrogels, followed by perfusion of cells into the printed scaffold is the best way to achieve this, and we are thankful our work with United Therapeutics has given us the opportunity to advance and perfect this technology.” DDD stock was up 15.3% as of Wednesday morning.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips 3D Systems (NYSE:DDD) stock is soaring higher on Wednesday after revealing plans to invest in 3D printing for solid-organ scaffolds. DDD notes that it wants to further develop this work and has plans to commercialize it. 9 Stocks Selling at a Discount Right Now Chuck Hull, co-founder, executive vice president and CTO of 3D Systems, said this about the news boosting DDD stock higher today.
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7decb29e-8854-48f6-a738-2b249b6c263b
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716674.0
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2021-01-25 00:00:00 UTC
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Why 3D Systems Stock Rose Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-rose-today-2021-01-25
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nan
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nan
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What happened
Shares of 3D Systems (NYSE: DDD), a maker of 3D printers, soared 13% in early trading Monday before retracing to about a 4.2% gain as of 1:20 p.m. EST.
The reason the stock gave back most of its gains appears to be a new downgrade from analysts at German investment bank Berenberg. But the the stock was still rising today after the bank more than tripled its price target on it.
Image source: Getty Images.
So what
In today's downgrade, reported on StreetInsider.com, Berenberg noted that 3D shares have rocketed 500% since October 2020, more than 10 times the gains on the Russell 2000 index of small-cap companies in that same period. Now, the bank says, 3D enjoys "strong long-term growth prospects in healthcare," and it praises the company for its "transition to higher-margin end-to-end manufacturing solutions."
The company recently promised vastly better fourth-quarter sales than analysts are expecting. So, combined with those higher margins, that suggests that 3D Systems could soon resume reporting profitable quarters again. But Berenberg notes that "at current levels, we think DDD shares are mostly pricing in" all of those promising prospects, and the stock has little room left to run.
Now what
Still, 3D shares are in positive territory today because, even though Berenberg cut its rating on the stock, the bank more than tripled its price target.
In Berenberg's estimation, 3D's rapidly recovering sales and the prospect of an accelerated return to profitability make shares worth $30 today, versus the $9 the analyst previously valued them at.
This analysis probably has investors enthused about 3D. But here's the upshot: Berenberg says 3D is worth $30 a share, but it sells for nearly $36 right now. This implies something on the order of 17% downside over the course of the next year.
If 3D Systems fails to report its hoped-for profit when earnings are announced next month, the actual downside could be even worse. Today just might be an excellent time to take some profits, and wait for proof that 3D is profitable again, before buying back in.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD), a maker of 3D printers, soared 13% in early trading Monday before retracing to about a 4.2% gain as of 1:20 p.m. EST. But Berenberg notes that "at current levels, we think DDD shares are mostly pricing in" all of those promising prospects, and the stock has little room left to run. So what In today's downgrade, reported on StreetInsider.com, Berenberg noted that 3D shares have rocketed 500% since October 2020, more than 10 times the gains on the Russell 2000 index of small-cap companies in that same period.
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What happened Shares of 3D Systems (NYSE: DDD), a maker of 3D printers, soared 13% in early trading Monday before retracing to about a 4.2% gain as of 1:20 p.m. EST. But Berenberg notes that "at current levels, we think DDD shares are mostly pricing in" all of those promising prospects, and the stock has little room left to run. So what In today's downgrade, reported on StreetInsider.com, Berenberg noted that 3D shares have rocketed 500% since October 2020, more than 10 times the gains on the Russell 2000 index of small-cap companies in that same period.
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What happened Shares of 3D Systems (NYSE: DDD), a maker of 3D printers, soared 13% in early trading Monday before retracing to about a 4.2% gain as of 1:20 p.m. EST. But Berenberg notes that "at current levels, we think DDD shares are mostly pricing in" all of those promising prospects, and the stock has little room left to run. Now what Still, 3D shares are in positive territory today because, even though Berenberg cut its rating on the stock, the bank more than tripled its price target.
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What happened Shares of 3D Systems (NYSE: DDD), a maker of 3D printers, soared 13% in early trading Monday before retracing to about a 4.2% gain as of 1:20 p.m. EST. But Berenberg notes that "at current levels, we think DDD shares are mostly pricing in" all of those promising prospects, and the stock has little room left to run. Now what Still, 3D shares are in positive territory today because, even though Berenberg cut its rating on the stock, the bank more than tripled its price target.
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35212670-8cef-40c3-9234-c6613c2bee66
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716675.0
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2021-01-22 00:00:00 UTC
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Stock Alert: 3D Systems Rises To New 52-week High
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DDD
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https://www.nasdaq.com/articles/stock-alert%3A-3d-systems-rises-to-new-52-week-high-2021-01-22
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nan
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nan
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(RTTNews) - Shares of 3D Systems Corp. (DDD), a South Carolina-based provider of 3D printing and digital manufacturing solutions, are climbing more than 9 percent or $2.89 in Friday's morning trade at $34.27, after hitting a new 52-week high of $34.60.
The stock has been rising for the past few days after Stifel Nicolaus reportedly initiated coverage of 3D Systems with a 'Hold' rating and $28 stock price target.
U.S. stocks are lower on Friday, retreating from record highs touched in the previous sessions. Profit taking and uncertainty about President Joe Biden's proposed $1.9 trillion coronavirus relief package generated selling pressure.
3D Systems has traded in a range of $4.60 to $34.60 in the past 52 weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Shares of 3D Systems Corp. (DDD), a South Carolina-based provider of 3D printing and digital manufacturing solutions, are climbing more than 9 percent or $2.89 in Friday's morning trade at $34.27, after hitting a new 52-week high of $34.60. U.S. stocks are lower on Friday, retreating from record highs touched in the previous sessions. Profit taking and uncertainty about President Joe Biden's proposed $1.9 trillion coronavirus relief package generated selling pressure.
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(RTTNews) - Shares of 3D Systems Corp. (DDD), a South Carolina-based provider of 3D printing and digital manufacturing solutions, are climbing more than 9 percent or $2.89 in Friday's morning trade at $34.27, after hitting a new 52-week high of $34.60. 3D Systems has traded in a range of $4.60 to $34.60 in the past 52 weeks. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Shares of 3D Systems Corp. (DDD), a South Carolina-based provider of 3D printing and digital manufacturing solutions, are climbing more than 9 percent or $2.89 in Friday's morning trade at $34.27, after hitting a new 52-week high of $34.60. The stock has been rising for the past few days after Stifel Nicolaus reportedly initiated coverage of 3D Systems with a 'Hold' rating and $28 stock price target. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - Shares of 3D Systems Corp. (DDD), a South Carolina-based provider of 3D printing and digital manufacturing solutions, are climbing more than 9 percent or $2.89 in Friday's morning trade at $34.27, after hitting a new 52-week high of $34.60. The stock has been rising for the past few days after Stifel Nicolaus reportedly initiated coverage of 3D Systems with a 'Hold' rating and $28 stock price target. U.S. stocks are lower on Friday, retreating from record highs touched in the previous sessions.
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5771dfca-add4-45ee-a89b-c01a05cda743
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716676.0
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2021-01-20 00:00:00 UTC
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3 Stocks That Have Already Doubled in 2021
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DDD
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https://www.nasdaq.com/articles/3-stocks-that-have-already-doubled-in-2021-2021-01-20
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nan
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nan
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Some stocks didn't take long to get moving this year. Shares of GameStop (NYSE: GME), Tilray (NASDAQ: TLRY), and 3D Systems (NYSE: DDD) have all more than doubled in 2021, and we're less than a month into the new year.
Each big winner has a different story to tell. Let's take a closer look at why GameStop, Tilray, and 3D Systems have more than doubled in 2021.
Image source: Getty Images.
GameStop: Up 109%
The small-box video game retailer is squeezing shorts and doing its best to avoid the dreaded "Game Over" screen. GameStop took off after posting better-than-expected sales over the holidays. It also gave activist investors some seats on its board, a sign that it's not afraid of exploring new ways to enhance shareholder value.
Comps climbing 4.8% during the two-month holiday period may not seem like the the kind of news that would double a stock's market cap in just two days, but the rollout of next-gen consoles followed a long run of double-digit declines. It also helps that the earlier this month the short interest on the stock was more than GameStop's entire float. Sometimes one just has to light a match in that scenario to send the shorts scrambling for cover.
It's easy to be skeptical here. Comps spiked on the strength of demand for the new PS5, a one-time pop for big-ticket and low-margin hardware. These gamers will need to feast on physical games -- not digital delivery -- to keep the good times going, and that's going to be the real trick for GameStop.
Tilray: Up 143%
Marijuana stocks are bouncing back this month after a brutal 2020, and it's hard to find a hotter stock than Tilray. The Canadian pioneer in the cultivation, processing, and distribution of cannabis is benefiting from Georgia's runoff election this month that gave Democrats effective control of the Senate. The power shift is expected to lead to the decriminalization of marijuana, just as many states are moving in the direction of legalization.
Last month Tilray announced that it planned to join forces with Aphria (NASDAQ: APHA). Aphria is the larger of the two pot plays, but the combined company will retain the better-known Tilray name. The merger was unveiled in mid-December, so naturally the combination itself isn't a driver right now. However, Aphria did post better-than-expected financial results last week. The deal is expected to close in the second quarter.
3D Systems: Up 196%
There was a time a few years ago when 3D printing was going to revolutionize the market, and 3D Systems was leading the way. Reality failed to live up to the hype. Revenue has failed to post double-digit growth on an annual basis since 2014, with a streak of seven straight quarters of year-over-year declines through the end of last year's third quarter.
All of the doom and gloom heading into 2021 was the perfect storm for a head-turning performance over the holidays. 3D Systems revealed two weeks ago that fourth-quarter sales clocked in between $170 million and $176 million, a 3% to 7% increase that would snap the run of consecutive declines. Analysts were holding out for just $139.9 million, another sharp decline. Holding on to that momentum will be critical at this point, but the stunning reversal is why 3D Systems has almost tripled in 2021.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and GameStop. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of GameStop (NYSE: GME), Tilray (NASDAQ: TLRY), and 3D Systems (NYSE: DDD) have all more than doubled in 2021, and we're less than a month into the new year. It also gave activist investors some seats on its board, a sign that it's not afraid of exploring new ways to enhance shareholder value. Comps climbing 4.8% during the two-month holiday period may not seem like the the kind of news that would double a stock's market cap in just two days, but the rollout of next-gen consoles followed a long run of double-digit declines.
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Shares of GameStop (NYSE: GME), Tilray (NASDAQ: TLRY), and 3D Systems (NYSE: DDD) have all more than doubled in 2021, and we're less than a month into the new year. 3D Systems revealed two weeks ago that fourth-quarter sales clocked in between $170 million and $176 million, a 3% to 7% increase that would snap the run of consecutive declines. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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Shares of GameStop (NYSE: GME), Tilray (NASDAQ: TLRY), and 3D Systems (NYSE: DDD) have all more than doubled in 2021, and we're less than a month into the new year. Tilray: Up 143% Marijuana stocks are bouncing back this month after a brutal 2020, and it's hard to find a hotter stock than Tilray. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rick Munarriz has no position in any of the stocks mentioned.
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Shares of GameStop (NYSE: GME), Tilray (NASDAQ: TLRY), and 3D Systems (NYSE: DDD) have all more than doubled in 2021, and we're less than a month into the new year. Some stocks didn't take long to get moving this year. GameStop took off after posting better-than-expected sales over the holidays.
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6368cb72-7e02-4eee-ab80-96bf8ff41332
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716677.0
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2021-01-19 00:00:00 UTC
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Why 3D Systems Stock Popped Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-popped-today-2021-01-19
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nan
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nan
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What happened
Shares of 3D Systems (NYSE: DDD) jumped today after Stifel analyst Noelle Dilts initiated coverage of the company.
The tech stock was up by as much as 18.5% today and had gained 13.2% as of 3:14 p.m. EST.
So what
Dilts started coverage of the company with a hold rating and a price target of $28. The analyst said that she likes the company's products and its large installed base.
Image source: Getty Images.
While Dilts is optimistic about 3D Systems, she did say that the near-term upside could be limited following the stock's 116% share price surge earlier this month. Management said on Jan. 7 that the company's fourth-quarter revenue will be between $170 million and $176 million, outpacing Wall Street's expectations.
The share price had been relatively flat for an entire year, but with the gains earlier this month, on top of today's increase, the company's stock is up 193% over the past four weeks.
Now what
Considering that 3D Systems' share price jumped so high on one analyst's report, and the fact that the company's stock has skyrocketed so high in just a matter of weeks, investors should proceed with caution with this stock. It's clear that any bit of good or bad news could send the share price flying high or tumbling.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD) jumped today after Stifel analyst Noelle Dilts initiated coverage of the company. While Dilts is optimistic about 3D Systems, she did say that the near-term upside could be limited following the stock's 116% share price surge earlier this month. The share price had been relatively flat for an entire year, but with the gains earlier this month, on top of today's increase, the company's stock is up 193% over the past four weeks.
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What happened Shares of 3D Systems (NYSE: DDD) jumped today after Stifel analyst Noelle Dilts initiated coverage of the company. Now what Considering that 3D Systems' share price jumped so high on one analyst's report, and the fact that the company's stock has skyrocketed so high in just a matter of weeks, investors should proceed with caution with this stock. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened Shares of 3D Systems (NYSE: DDD) jumped today after Stifel analyst Noelle Dilts initiated coverage of the company. The share price had been relatively flat for an entire year, but with the gains earlier this month, on top of today's increase, the company's stock is up 193% over the past four weeks. Now what Considering that 3D Systems' share price jumped so high on one analyst's report, and the fact that the company's stock has skyrocketed so high in just a matter of weeks, investors should proceed with caution with this stock.
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What happened Shares of 3D Systems (NYSE: DDD) jumped today after Stifel analyst Noelle Dilts initiated coverage of the company. Now what Considering that 3D Systems' share price jumped so high on one analyst's report, and the fact that the company's stock has skyrocketed so high in just a matter of weeks, investors should proceed with caution with this stock. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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46a9c80a-3df7-4433-80fe-21757f0420fa
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716678.0
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2021-01-15 00:00:00 UTC
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3 Under-The-Radar Tech Stocks To Watch Next Week
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DDD
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https://www.nasdaq.com/articles/3-under-the-radar-tech-stocks-to-watch-next-week-2021-01-15
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nan
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nan
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Are These The Best Under-The-Radar Tech Stocks To Buy In The Stock Market Today?
Tech stocks have been the darling of the stock market in the last few months. It is undeniable how this sector has put on a stellar performance so far. More so in a time when other industries are still recovering from the pandemic that came about in 2020. The resilience that tech stocks have shown seems to have defied all odds. Rally after rally, these stocks seem to have the fundamentals to match the high valuations that they are currently enjoying. Why is that so you may ask? Well, it may be because of how the pandemic had accelerated our dependence on tech.
With the pandemic spreading like wildfire and coronavirus cases totaling over 23 million in the U.S. alone, the need to work remotely and do all our daily activities online was suddenly the only option left. With that, tech companies proliferated all over the world. For instance, tech companies like Salesforce.com (NYSE: CRM) and Zoom (NASDAQ: ZM) have enjoyed tremendous success in the last year.
Even in a post-pandemic world, things may no longer go back to the ‘old ways’. The convenience and efficiency that we have enjoyed will be here to stay. Companies do not require their employees to be at work for business continuity. All your necessities can now be bought online. Who needs to go to the movies when you have so many streaming options to choose from the comforts of your home? You get the picture. With that in mind, are these the best tech stocks to watch right now?
Read More
Should Investors Consider These Top Consumer Stocks In Q1 2021?
Are These The Best Streaming Stocks To Watch Ahead Of The Upcoming Stimulus Package?
Top Tech Stocks To Watch Next Week
3D Systems (NYSE: DDD)
Taiwan Semiconductor Manufacturing Company (NYSE: TSM)
Stitch Fix (NASDAQ: SFIX)
3D Systems
3D Systems is a company that engineers and manufactures 3D printers, printing materials, and scanners. The company was co-founded by the inventor of 3D printing, Charles Hull, and has grown into a global 3D solutions company that has a comprehensive portfolio of 3D printing technologies. From overcoming the limitations of conventional injection molding to the latest prosthetics and implants, the company’s technology has many applications.
Last week, the company released its preliminary fourth-quarter financial results, which caused 3D Systems’ stock price to more than double. The company is expecting a revenue in the range of $170 million to $176 million for the quarter, well above analyst estimates of around $140 million. 3D Systems reports that its expected revenue reflects strong organic growth that exceeds 20% in both its business units on a consecutive quarter basis. This all started last year when the company reorganized into two business units, Healthcare and Industrial Solutions, and is now seeing significant progress from these efforts.
The company also announced that it had completed the sale of its non-core software businesses, including Cimatron and GibbsCAM for approximately $64 million. The divestiture of these companies would allow 3D Systems to instead focus on its core business. It also allowed the company to strengthen its balance sheet. With the company gaining momentum, will you consider having DDD stock in your portfolio?
[Read More] 3 Top Software Stocks To Watch In January 2021
Taiwan Semiconductor Manufacturing Company
Taiwan Semiconductor Manufacturing Company, or TSM, is another top tech stock to watch. Given it is one of the world’s most valuable semiconductor companies, TSM is no newcomer to the booming semiconductor industry. Investors appear to know this as well, seeing as TSM stock is looking at gains of over 110% in the past year. Notably, TSM stock soared to a new all-time during intraday trading yesterday. This coincides with the company posting its fourth-quarter financial results.
In it, the company reportedly brought in $12.9 billion in total revenue for the quarter. Furthermore, the company reported over $5 billion in net income and a 23% year-over-year rise in earnings per share. CFO Wendell Huang cited strong demand for the company’s 5-nanometer technology as a key contributor to the current results. Seeing as this particular offering of the company is used in 5G smartphone manufacturing, there seems to be a growing market for what TSM is offering. Looking forward, Huang also said, “Moving into the first quarter of 2021, we expect our business to be supported by HPC-related demand, recovery in the automotive segment, and a milder smartphone seasonality than in recent years.” For its next quarter outlook, the company provided a top-line revenue guidance of $13 billion.
TSM also announced plans to invest $28 billion towards its advanced chips and increasing plant capacities. During theearnings call chairman Mark Liu mentioned that the coronavirus pandemic had boosted demand for the company’s chips. This, in part, was because of shortages of semiconductors in video game systems, automobiles, and graphic cards. With the company making major upgrades to its manufacturing infrastructure, investors could see steady long-term growth for TSM stock. Would you agree?
[Read More] 3 E-Commerce Stocks To Watch Ahead Of Biden’s $1.5 Trillion Stimulus
Stitch Fix Inc.
Stitch Fix operates as an online personal styling service company. The company’s proprietary platform uses recommendation algorithms and data science to personalize each customer’s apparel haul. For one thing, its e-commerce business has and continues to appeal to the general population stuck at home. Accordingly, SFIX stock is looking at gains of over 206% in the past year. In fact, it closed yesterday’s trading session at a new all-time high. Two pieces of news could have caused investors to turn to SFIX stock this week.
For starters, online apparel reseller Poshmark (NASDAQ: POSH) went public on Thursday. POSH stock soared by over 140% on its first trading day, valuing the company at over $7 billion. If anything, this shows that investors are still tuned towards the latest movers in the apparel industry. With the shift towards the digital space, it only makes sense that other online apparel businesses are also in the spotlight. Also, Stitch Fix announced the first round of recipients of its Elevate grant program. Back in October, Stitch Fix set up this program to support minority entrepreneurs in the fashion industry. Besides, Elevate also serves as a means of expanding and diversifying its current offerings. Time will tell if this is truly the win-win situation it appears to be.
In its recent quarter fiscal posted last month, the company reported total revenue of $490.4 million for the quarter. Stitch Fix also recorded about 3.8 million active clients at the time. CEO Katrina Lake explained, “Our powerful personalization engine is evolving, and innovations in our Fix and direct buy offerings will expand our addressable market, deepen client engagement and grow wallet share over time.” With all this in mind, will you consider buying SFIX stock?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Top Tech Stocks To Watch Next Week 3D Systems (NYSE: DDD) Taiwan Semiconductor Manufacturing Company (NYSE: TSM) Stitch Fix (NASDAQ: SFIX) 3D Systems 3D Systems is a company that engineers and manufactures 3D printers, printing materials, and scanners. With the company gaining momentum, will you consider having DDD stock in your portfolio? With the pandemic spreading like wildfire and coronavirus cases totaling over 23 million in the U.S. alone, the need to work remotely and do all our daily activities online was suddenly the only option left.
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Top Tech Stocks To Watch Next Week 3D Systems (NYSE: DDD) Taiwan Semiconductor Manufacturing Company (NYSE: TSM) Stitch Fix (NASDAQ: SFIX) 3D Systems 3D Systems is a company that engineers and manufactures 3D printers, printing materials, and scanners. With the company gaining momentum, will you consider having DDD stock in your portfolio? [Read More] 3 Top Software Stocks To Watch In January 2021 Taiwan Semiconductor Manufacturing Company Taiwan Semiconductor Manufacturing Company, or TSM, is another top tech stock to watch.
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Top Tech Stocks To Watch Next Week 3D Systems (NYSE: DDD) Taiwan Semiconductor Manufacturing Company (NYSE: TSM) Stitch Fix (NASDAQ: SFIX) 3D Systems 3D Systems is a company that engineers and manufactures 3D printers, printing materials, and scanners. With the company gaining momentum, will you consider having DDD stock in your portfolio? [Read More] 3 Top Software Stocks To Watch In January 2021 Taiwan Semiconductor Manufacturing Company Taiwan Semiconductor Manufacturing Company, or TSM, is another top tech stock to watch.
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Top Tech Stocks To Watch Next Week 3D Systems (NYSE: DDD) Taiwan Semiconductor Manufacturing Company (NYSE: TSM) Stitch Fix (NASDAQ: SFIX) 3D Systems 3D Systems is a company that engineers and manufactures 3D printers, printing materials, and scanners. With the company gaining momentum, will you consider having DDD stock in your portfolio? With that in mind, are these the best tech stocks to watch right now?
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5a08ad4b-cd32-4e4d-abfd-722bd9171840
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716679.0
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2021-01-15 00:00:00 UTC
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Technology Sector Update for 01/15/2021: TUFN,DDD,BB,FB,VUZI
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-01-15-2021%3A-tufndddbbfbvuzi-2021-01-15
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nan
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nan
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Technology stocks continued their Friday selloff, with the SPDR Technology Select Sector ETF this afternoon slipping 0.8% while the Philadelphia Semiconductor Index was falling 1.8%.
In company news, Tufin Software Technologies (TUFN) Friday hit a nearly 14-month high, rising 25% to touch $19.23 a share after lifting its Q4 revenue forecast to a new range of $30.5 million to $31.1 million, up from its prior outlook expecting between $24.0 million to $29.0 million and topping the Capital IQ expecting $26.8 million in revenue for the three months ended Dec. 31. Tufin late Thursday also said it hired Raymond Brancato to be its new chief revenue officer from the same post at privately held AnyVision.
BlackBerry (BB) Friday raced to its best share price since June 2018, at one point rising almost 27% to $11.55, after the Canadian security software firm reached a settlement in its legal fight with Facebook (FB) alleging the social networking company infringed on Blackberry's patented messaging technology, according to media reports. "We have resolved our disputes pursuant to a confidential agreement and have no further comment," a Blackberry representative said in a statement released to several news outlets. Facebook shares were 2.5% higher.
To the downside, 3D Systems (DDD) declined almost 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each.
Vuzix (VUZI) fell 5.5%, reversing an 8.4% gain earlier Friday after it said Q4 sales will exceed $4 million, more than doubling its $1.96 million in sales during the final three months of 2019 and topping the Capital IQ consensus expecting $3.52 million. The consumer electronics company also said it was expecting to report a Q4 operating loss although it would be less than the $4.4 million Street view.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To the downside, 3D Systems (DDD) declined almost 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each. Tufin late Thursday also said it hired Raymond Brancato to be its new chief revenue officer from the same post at privately held AnyVision. "We have resolved our disputes pursuant to a confidential agreement and have no further comment," a Blackberry representative said in a statement released to several news outlets.
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To the downside, 3D Systems (DDD) declined almost 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each. In company news, Tufin Software Technologies (TUFN) Friday hit a nearly 14-month high, rising 25% to touch $19.23 a share after lifting its Q4 revenue forecast to a new range of $30.5 million to $31.1 million, up from its prior outlook expecting between $24.0 million to $29.0 million and topping the Capital IQ expecting $26.8 million in revenue for the three months ended Dec. 31. BlackBerry (BB) Friday raced to its best share price since June 2018, at one point rising almost 27% to $11.55, after the Canadian security software firm reached a settlement in its legal fight with Facebook (FB) alleging the social networking company infringed on Blackberry's patented messaging technology, according to media reports.
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To the downside, 3D Systems (DDD) declined almost 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each. In company news, Tufin Software Technologies (TUFN) Friday hit a nearly 14-month high, rising 25% to touch $19.23 a share after lifting its Q4 revenue forecast to a new range of $30.5 million to $31.1 million, up from its prior outlook expecting between $24.0 million to $29.0 million and topping the Capital IQ expecting $26.8 million in revenue for the three months ended Dec. 31. BlackBerry (BB) Friday raced to its best share price since June 2018, at one point rising almost 27% to $11.55, after the Canadian security software firm reached a settlement in its legal fight with Facebook (FB) alleging the social networking company infringed on Blackberry's patented messaging technology, according to media reports.
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To the downside, 3D Systems (DDD) declined almost 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each. Technology stocks continued their Friday selloff, with the SPDR Technology Select Sector ETF this afternoon slipping 0.8% while the Philadelphia Semiconductor Index was falling 1.8%. Tufin late Thursday also said it hired Raymond Brancato to be its new chief revenue officer from the same post at privately held AnyVision.
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9e226ad8-8bb2-468b-919b-f14caffd5a39
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716680.0
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2021-01-15 00:00:00 UTC
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Why 3D Systems Stock Dropped 10% Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-dropped-10-today-2021-01-15
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nan
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nan
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What happened
Shares of 3D Systems (NYSE: DDD), which have been performing really well since the 3D printer maker released a "preannouncement" of its sales and earnings for Q4 last week, took a step back on Friday after investment bank J.P. Morgan downgraded the stock over valuation concerns.
In 12:30 p.m. EST trading, 3D Systems stock is down about 10%.
Image source: Getty Images.
So what
In a note covered on StreetInsider.com today, J.P. Morgan pointed out that "DDD is up 200%" year to date, and at the stock's yesterday closing price of $32, the "risk-reward tilts unfavorable here."
Simply put, no matter what the 3D printer companies may be saying at their investor conferences, "we do not believe 3D Printing/Additive Manufacturing has suddenly hit an inflection point," warns the analyst.
Now what
What does J.P. Morgan think will happen? "We do think demand will improve with a post-pandemic recovery, and niche markets are opening up for these companies incrementally." However, the analyst thinks growth will probably "trend in the 5-10% CAGR range moving forward," rather than the high double-digit growth rate that might be implied by 3D's current 6.6 times sales valuation.
What might change the analyst's mind about that? It doesn't say, but here's one possibility: Right now, after 15 straight quarters of losing money, 3D is on the cusp of potentially reporting its first quarterly profit in four years. If and when 3D becomes a profitable company again, the story might change.
Stay tuned.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD), which have been performing really well since the 3D printer maker released a "preannouncement" of its sales and earnings for Q4 last week, took a step back on Friday after investment bank J.P. Morgan downgraded the stock over valuation concerns. So what In a note covered on StreetInsider.com today, J.P. Morgan pointed out that "DDD is up 200%" year to date, and at the stock's yesterday closing price of $32, the "risk-reward tilts unfavorable here." Simply put, no matter what the 3D printer companies may be saying at their investor conferences, "we do not believe 3D Printing/Additive Manufacturing has suddenly hit an inflection point," warns the analyst.
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What happened Shares of 3D Systems (NYSE: DDD), which have been performing really well since the 3D printer maker released a "preannouncement" of its sales and earnings for Q4 last week, took a step back on Friday after investment bank J.P. Morgan downgraded the stock over valuation concerns. So what In a note covered on StreetInsider.com today, J.P. Morgan pointed out that "DDD is up 200%" year to date, and at the stock's yesterday closing price of $32, the "risk-reward tilts unfavorable here." 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of 3D Systems (NYSE: DDD), which have been performing really well since the 3D printer maker released a "preannouncement" of its sales and earnings for Q4 last week, took a step back on Friday after investment bank J.P. Morgan downgraded the stock over valuation concerns. So what In a note covered on StreetInsider.com today, J.P. Morgan pointed out that "DDD is up 200%" year to date, and at the stock's yesterday closing price of $32, the "risk-reward tilts unfavorable here." 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of 3D Systems (NYSE: DDD), which have been performing really well since the 3D printer maker released a "preannouncement" of its sales and earnings for Q4 last week, took a step back on Friday after investment bank J.P. Morgan downgraded the stock over valuation concerns. So what In a note covered on StreetInsider.com today, J.P. Morgan pointed out that "DDD is up 200%" year to date, and at the stock's yesterday closing price of $32, the "risk-reward tilts unfavorable here." Now what What does J.P. Morgan think will happen?
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c8d6fe85-10bc-4078-acaf-6714444b6e6e
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716681.0
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2021-01-15 00:00:00 UTC
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Technology Sector Update for 01/15/2021: DDD,BB,FB,VUZI
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-01-15-2021%3A-dddbbfbvuzi-2021-01-15
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nan
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nan
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Technology stocks were moderately lower, with the SPDR Technology Select Sector ETF Tuesday slipping 0.4% although the Philadelphia Semiconductor Index was falling nearly 1.4% this afternoon.
In company news, 3D Systems (DDD) declined 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each.
Vuzix (VUZI) fell 4.2%, reversing an 8.4% gain earlier Friday after it said Q4 sales will exceed $4 million, more than doubling its $1.96 million in sales during the final three months of 2019 and topping the Capital IQ consensus expecting $3.52 million. The consumer electronics company also said it was expecting to report a Q4 operating loss although it would be less than the $4.4 million Street view.
To the upside, BlackBerry (BB) Friday raced to its best share price since June 2018, at one point rising almost 27% to $11.55, after the Canadian security software firm reached a settlement in its legal fight with Facebook (FB) alleging the social networking company infringed on Blackberry's patented messaging technology, according to media reports. "We have resolved our disputes pursuant to a confidential agreement and have no further comment," a Blackberry representative said in a statement released to some news outlets. Facebook shares were 2.5% higher.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, 3D Systems (DDD) declined 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each. The consumer electronics company also said it was expecting to report a Q4 operating loss although it would be less than the $4.4 million Street view. To the upside, BlackBerry (BB) Friday raced to its best share price since June 2018, at one point rising almost 27% to $11.55, after the Canadian security software firm reached a settlement in its legal fight with Facebook (FB) alleging the social networking company infringed on Blackberry's patented messaging technology, according to media reports.
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In company news, 3D Systems (DDD) declined 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each. Vuzix (VUZI) fell 4.2%, reversing an 8.4% gain earlier Friday after it said Q4 sales will exceed $4 million, more than doubling its $1.96 million in sales during the final three months of 2019 and topping the Capital IQ consensus expecting $3.52 million. To the upside, BlackBerry (BB) Friday raced to its best share price since June 2018, at one point rising almost 27% to $11.55, after the Canadian security software firm reached a settlement in its legal fight with Facebook (FB) alleging the social networking company infringed on Blackberry's patented messaging technology, according to media reports.
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In company news, 3D Systems (DDD) declined 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each. Vuzix (VUZI) fell 4.2%, reversing an 8.4% gain earlier Friday after it said Q4 sales will exceed $4 million, more than doubling its $1.96 million in sales during the final three months of 2019 and topping the Capital IQ consensus expecting $3.52 million. To the upside, BlackBerry (BB) Friday raced to its best share price since June 2018, at one point rising almost 27% to $11.55, after the Canadian security software firm reached a settlement in its legal fight with Facebook (FB) alleging the social networking company infringed on Blackberry's patented messaging technology, according to media reports.
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In company news, 3D Systems (DDD) declined 11% after JPMorgan Friday cut its investment recommendation on the 3-D printer company to underweight from neutral although it increased its price target for its shares by $4 to $18 each. Technology stocks were moderately lower, with the SPDR Technology Select Sector ETF Tuesday slipping 0.4% although the Philadelphia Semiconductor Index was falling nearly 1.4% this afternoon. The consumer electronics company also said it was expecting to report a Q4 operating loss although it would be less than the $4.4 million Street view.
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e0cdc7e5-e915-403d-9560-3807628c810f
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716682.0
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2021-01-14 00:00:00 UTC
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Why 3D Systems, Stratasys, and ExOne Stocks All Popped Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stratasys-and-exone-stocks-all-popped-today-2021-01-14
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nan
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nan
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What happened
3D printer maker 3D Systems (NYSE: DDD) rocked the stock market last week, preannouncing a huge revenue beat for its fiscal fourth quarter and watching its stock price double overnight in response.
After letting the stock coast higher for a few days on that news, investors began taking profits earlier this week -- but now they're back for a second bite at the apple, and 3D Systems shares are skyrocketing again, up 23.5% as of 3 p.m. EST.
Image source: Getty Images.
So what
It's not just 3D Systems shareholders who are having a good day today, either. Shares of rival 3D printer makers Stratasys (NASDAQ: SSYS) and ExOne (NASDAQ: XONE) are up as well, rising 13.2% and 12.3%, respectively. Curiously, though, there doesn't appear to be a clear catalyst for any of these stocks moving higher today.
So what are we seeing here? Is this just momentum traders betting on which stock will become "the next 3D Systems" (and, apparently, guessing that it will be 3D Systems itself)?
Perhaps. There's certainly been enough momentum trading going on in the stock market these past several months for that to be the answer.
Now what
But there also could be another reason. Speaking at the 23rd Annual Needham Virtual Growth Conference yesterday, 3D Systems CEO Jeffrey Graves told investors that the additive manufacturing industry's "growth rates are projected to be very exciting" this year, with research suggesting sales could perhaps grow as much as 24%, according to a transcript prepared by SeekingAlpha.
3D Systems has already enjoyed a rebound in the third quarter and as its recent preannouncement showed that momentum continued in the fourth quarter, which tends to back up the market research. Granted, it remains to be seen if Stratasys and ExOne will enjoy similar bumps. But because this 24% projection concerns the whole 3D printing industry, and not just 3D Systems, it would seem there really is a reason -- other than just plain momentum -- why 3D printing stocks are going up like fireworks all across the sector today.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened 3D printer maker 3D Systems (NYSE: DDD) rocked the stock market last week, preannouncing a huge revenue beat for its fiscal fourth quarter and watching its stock price double overnight in response. After letting the stock coast higher for a few days on that news, investors began taking profits earlier this week -- but now they're back for a second bite at the apple, and 3D Systems shares are skyrocketing again, up 23.5% as of 3 p.m. EST. Speaking at the 23rd Annual Needham Virtual Growth Conference yesterday, 3D Systems CEO Jeffrey Graves told investors that the additive manufacturing industry's "growth rates are projected to be very exciting" this year, with research suggesting sales could perhaps grow as much as 24%, according to a transcript prepared by SeekingAlpha.
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What happened 3D printer maker 3D Systems (NYSE: DDD) rocked the stock market last week, preannouncing a huge revenue beat for its fiscal fourth quarter and watching its stock price double overnight in response. Shares of rival 3D printer makers Stratasys (NASDAQ: SSYS) and ExOne (NASDAQ: XONE) are up as well, rising 13.2% and 12.3%, respectively. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened 3D printer maker 3D Systems (NYSE: DDD) rocked the stock market last week, preannouncing a huge revenue beat for its fiscal fourth quarter and watching its stock price double overnight in response. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Smith has no position in any of the stocks mentioned.
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What happened 3D printer maker 3D Systems (NYSE: DDD) rocked the stock market last week, preannouncing a huge revenue beat for its fiscal fourth quarter and watching its stock price double overnight in response. Shares of rival 3D printer makers Stratasys (NASDAQ: SSYS) and ExOne (NASDAQ: XONE) are up as well, rising 13.2% and 12.3%, respectively. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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716683.0
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2021-01-14 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Poshmark Inc, Twist Bioscience, Affirm Holdings, Johnson & Johnson
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-poshmark-inc-twist-bioscience-affirm-holdings-johnson-johnson
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden's pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions. .N
At 12:10 ET, the Dow Jones Industrial Average .DJI was up 0.37% at 31,174.28. The S&P 500 .SPX was up 0.15% at 3,815.72 and the Nasdaq Composite .IXIC was up 0.41% at 13,182.579. The top three S&P 500 .PG.INX percentage gainers: ** KLA Corporation , up 8.3% ** Applied Materials Inc , up 8% ** Occidental Petroleum Corp , up 7.8% The top three S&P 500 .PL.INX percentage losers: ** Viatris Inc , down 6.1% ** Rollins Inc , down 3.5% ** BlackRock Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Dpw Holdings Inc , up 39.5% ** Maxar Technologies Inc , up 28.3% ** 3D Systems Corporation , up 22% The top three NYSE .PL.N percentage losers: ** Kuke Music Holding Ltd , down 11.4% ** Bank of Montreal , down 9.4% ** Direxion Daily Semiconductor Bear 3X Shares , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Poshmark Inc , up 119.7% ** Datasea Inc , up 80.9% ** Lexicon Pharmaceuticals , up 71.6% The top three Nasdaq .PL.O percentage losers: ** Eos Energy Enterprises Inc , down 27.8% ** Viveve Medical Inc , down 20.6% ** Eos Energy Enterprises , down 18.2% ** Bionano Genomics BNGO.O : up 23.6%
BUZZ-Rises on regaining Nasdaq listing compliance ** Affirm Holdings Inc AFRM.O : up 29.4%
BUZZ-Affirm soars after debut double ** Poshmark Inc POSH.O : up 119.7%
BUZZ-Poshmark shares more than double in Nasdaq debut ** PFSweb Inc PFSW.O : up 17.9%
BUZZ-PFSweb surges on order fulfillment numbers ** Nordstrom JWN.N : down 1.6%
BUZZ-Drops as holiday-period sales fall ** Johnson & Johnson JNJ.N : up 2.1%
BUZZ-Rises on positive interim results from COVID-19 vaccine trial ** Fuelcell Energy FCEL.O : down 10.4%
BUZZ-JPM downgrades to 'neutral' on valuation ** Organogenesis ORGO.O : up 36.5%
BUZZ-Jumps as Q4 prelim revenue beat estimates ** Take-Two Interactive TTWO.O : down 0.4%
BUZZ-MKM Partners downgrades on lack of growth catalysts ** Vipshop Holdings VIPS.N : down 1.3%
BUZZ-Falls as China probes into possible unfair competition ** NantKwest NK.O : up 20.4%
BUZZ-Rises on positive interim survival rate data from cancer trials ** Tesla TSLA.O : down 0.2%
BUZZ-Falls after agency asks for recall of 158,000 vehicles ** Chembio Diagnostics CEMI.O : up 13.7%
BUZZ-Rises after COVID-19 test gets CE mark ** Express EXPR.N : up 26.2%
BUZZ-Surges after announcing $140 million in new financing ** Orchard Therapeutics ORTX.O : up 9.4%
BUZZ-Rises after FDA grants 'special' status to gene therapy ** Kaleido Biosciences KLDO.O : up 3.1%
BUZZ-Rises on positive data from COVID-19 treatment trial ** Virgin Galactic Holdings SPCE.N : up 14.9%
BUZZ-Virgin Galactic soars after ARK files space exploration ETF ** Lexicon Pharma LXRX.O : up 71.6%
BUZZ-Up on positive FDA feedback for diabetes drug ** Apache Corp APA.O : up 3.4%
BUZZ-Gains on Q2 profit vs year-ago loss ** Beyond Meat BYND.O : up 9.3%
BUZZ-Beyond Meat gains on Taco Bell partnership ** Super League Gaming SLGG.O : up 7.0%
BUZZ-Up as co gains more video views, registered users ** Lemonade Inc LMND.N : down 3.8%
BUZZ-Lemonade slips after pricing share offering ** Gilead Sciences Inc GILD.O : up 2.0%
BUZZ-Gilead on track for growth in 2021 ** Twist Bioscience TWST.O : up 7.9%
BUZZ-Twist Bioscience up on shipping new RNA sequences for COVID-19 testing ** Align Technology Inc ALGN.O : up 1.4% ** Zimmer Biomet Holdings Inc ZBH.N : up 0.5% ** Insulet Corp PODD.O : up 4.1% ** Inmode Ltd INMD.O : up 3.2%
BUZZ-MedTech: Baird says year-end demand recovery bodes well for sector ** Walt Disney Co DIS.N : up 0.1%
BUZZ-Citi expects Disney to surpass Netflix in subscriber growth in 3 years ** Intel Corp INTC.O : up 4.5% ** VMware Inc VMW.N : up 1.3%
BUZZ-Street View: Pat Gelsinger as CEO is VMware's loss, Intel's gain ** Bally's Corp BALY.N : up 0.1% ** Boyd Gaming Corp BYD.N : up 1.6% ** Caesars Entertainment CZR.O : up 2.6% ** Churchill Downs Inc CHDN.O : up 1.9% ** Red Rock Resorts RRR.O : up 1.9%
BUZZ-U.S. gaming: KeyBanc starts coverage on promising outlook ** Alibaba Group Holding BABA.N: up 3.7% ** Baidu Inc BIDU.O : up 7.5%
BUZZ-China tech giants rise on report of U.S. shelving planned investment ban ** Alaska Air ALK.N : up 6.2%
BUZZ-Up as quarterly cash burn slows on improving bookings ** Acacia Communications ACIA.O : up 32.4%
BUZZ-Soars after agreeing to Cisco's raised buyout offer ** Signet Jewelers SIG.N : up 7.7%
BUZZ-Rises on holiday sales bump, upbeat Q4 forecast ** Alteryx Inc AYX.N : up 10.7% ** Snowflake SNOW.N : up 3.6%
BUZZ-Alteryx Inc, Snowflake gain on data processing deal ** Venus Concept Inc VERO.O : up 5.5%
BUZZ-Rises after prelim Q4 sales beat estimates ** Dogness International Corp DOGZ.O : up 2.8%
BUZZ-Rises on pet feeders order from Petco ** Square Inc SQ.N : up 1.9%
BUZZ-Square Inc gains as brokerages raise PT on Cash App growth ** Delta Air Lines DAL.N : up 3.1%
BUZZ-Rises on upbeat comments on recovery in 2021 ** Zynex ZYXI.O : up 7.6%
BUZZ-Rises on filing patent for sepsis monitor ** Ethan Allen Interiors ETH.N : up 5.4%
BUZZ-Rises on higher furniture orders in Q2
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.47%
Consumer Discretionary
.SPLRCD
down 0.09%
Consumer Staples
.SPLRCS
down 0.35%
Energy
.SPNY
up 2.49%
Financial
.SPSY
up 0.62%
Health
.SPXHC
up 0.22%
Industrial
.SPLRCI
up 0.73%
Information Technology
.SPLRCT
down 0.17%
Materials
.SPLRCM
up 0.10%
Real Estate
.SPLRCR
up 0.60%
Utilities
.SPLRCU
down 0.30%
(Compiled by Lasya Priya M in Bengaluru)
((LasyaPriya.M@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden's pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions. The top three S&P 500 .PG.INX percentage gainers: ** KLA Corporation , up 8.3% ** Applied Materials Inc , up 8% ** Occidental Petroleum Corp , up 7.8% The top three S&P 500 .PL.INX percentage losers: ** Viatris Inc , down 6.1% ** Rollins Inc , down 3.5% ** BlackRock Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Dpw Holdings Inc , up 39.5% ** Maxar Technologies Inc , up 28.3% ** 3D Systems Corporation , up 22% The top three NYSE .PL.N percentage losers: ** Kuke Music Holding Ltd , down 11.4% ** Bank of Montreal , down 9.4% ** Direxion Daily Semiconductor Bear 3X Shares , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Poshmark Inc , up 119.7% ** Datasea Inc , up 80.9% ** Lexicon Pharmaceuticals , up 71.6% The top three Nasdaq .PL.O percentage losers: ** Eos Energy Enterprises Inc , down 27.8% ** Viveve Medical Inc , down 20.6% ** Eos Energy Enterprises , down 18.2% ** Bionano Genomics BNGO.O : up 23.6% BUZZ-Rises on regaining Nasdaq listing compliance ** Affirm Holdings Inc AFRM.O : up 29.4% BUZZ-Affirm soars after debut double ** Poshmark Inc POSH.O : up 119.7% BUZZ-Poshmark shares more than double in Nasdaq debut ** PFSweb Inc PFSW.O : up 17.9% BUZZ-PFSweb surges on order fulfillment numbers ** Nordstrom JWN.N : down 1.6% BUZZ-Drops as holiday-period sales fall ** Johnson & Johnson JNJ.N : up 2.1% BUZZ-Rises on positive interim results from COVID-19 vaccine trial ** Fuelcell Energy FCEL.O : down 10.4% BUZZ-JPM downgrades to 'neutral' on valuation ** Organogenesis ORGO.O : up 36.5% BUZZ-Jumps as Q4 prelim revenue beat estimates ** Take-Two Interactive TTWO.O : down 0.4% BUZZ-MKM Partners downgrades on lack of growth catalysts ** Vipshop Holdings VIPS.N : down 1.3% BUZZ-Falls as China probes into possible unfair competition ** NantKwest NK.O : up 20.4% BUZZ-Rises on positive interim survival rate data from cancer trials ** Tesla TSLA.O : down 0.2% BUZZ-Falls after agency asks for recall of 158,000 vehicles ** Chembio Diagnostics CEMI.O : up 13.7% BUZZ-Rises after COVID-19 test gets CE mark ** Express EXPR.N : up 26.2% BUZZ-Surges after announcing $140 million in new financing ** Orchard Therapeutics ORTX.O : up 9.4% BUZZ-Rises after FDA grants 'special' status to gene therapy ** Kaleido Biosciences KLDO.O : up 3.1% BUZZ-Rises on positive data from COVID-19 treatment trial ** Virgin Galactic Holdings SPCE.N : up 14.9% BUZZ-Virgin Galactic soars after ARK files space exploration ETF ** Lexicon Pharma LXRX.O : up 71.6% BUZZ-Up on positive FDA feedback for diabetes drug ** Apache Corp APA.O : up 3.4% BUZZ-Gains on Q2 profit vs year-ago loss ** Beyond Meat BYND.O : up 9.3% BUZZ-Beyond Meat gains on Taco Bell partnership ** Super League Gaming SLGG.O : up 7.0% BUZZ-Up as co gains more video views, registered users ** Lemonade Inc LMND.N : down 3.8% BUZZ-Lemonade slips after pricing share offering ** Gilead Sciences Inc GILD.O : up 2.0% BUZZ-Gilead on track for growth in 2021 ** Twist Bioscience TWST.O : up 7.9% BUZZ-Twist Bioscience up on shipping new RNA sequences for COVID-19 testing ** Align Technology Inc ALGN.O : up 1.4% ** Zimmer Biomet Holdings Inc ZBH.N : up 0.5% ** Insulet Corp PODD.O : up 4.1% ** Inmode Ltd INMD.O : up 3.2% BUZZ-MedTech: Baird says year-end demand recovery bodes well for sector ** Walt Disney Co DIS.N : up 0.1% BUZZ-Citi expects Disney to surpass Netflix in subscriber growth in 3 years ** Intel Corp INTC.O : up 4.5% ** VMware Inc VMW.N : up 1.3% BUZZ-Street View: Pat Gelsinger as CEO is VMware's loss, Intel's gain ** Bally's Corp BALY.N : up 0.1% ** Boyd Gaming Corp BYD.N : up 1.6% ** Caesars Entertainment CZR.O : up 2.6% ** Churchill Downs Inc CHDN.O : up 1.9% ** Red Rock Resorts RRR.O : up 1.9% BUZZ-U.S. gaming: KeyBanc starts coverage on promising outlook ** Alibaba Group Holding BABA.N: up 3.7% ** Baidu Inc BIDU.O : up 7.5% BUZZ-China tech giants rise on report of U.S. shelving planned investment ban ** Alaska Air ALK.N : up 6.2% BUZZ-Up as quarterly cash burn slows on improving bookings ** Acacia Communications ACIA.O : up 32.4% BUZZ-Soars after agreeing to Cisco's raised buyout offer ** Signet Jewelers SIG.N : up 7.7% BUZZ-Rises on holiday sales bump, upbeat Q4 forecast ** Alteryx Inc AYX.N : up 10.7% ** Snowflake SNOW.N : up 3.6% BUZZ-Alteryx Inc, Snowflake gain on data processing deal ** Venus Concept Inc VERO.O : up 5.5% BUZZ-Rises after prelim Q4 sales beat estimates ** Dogness International Corp DOGZ.O : up 2.8% BUZZ-Rises on pet feeders order from Petco ** Square Inc SQ.N : up 1.9% BUZZ-Square Inc gains as brokerages raise PT on Cash App growth ** Delta Air Lines DAL.N : up 3.1% BUZZ-Rises on upbeat comments on recovery in 2021 ** Zynex ZYXI.O : up 7.6% BUZZ-Rises on filing patent for sepsis monitor ** Ethan Allen Interiors ETH.N : up 5.4% BUZZ-Rises on higher furniture orders in Q2 The 11 major S&P 500 sectors: Communication Services down 0.30% (Compiled by Lasya Priya M in Bengaluru) ((LasyaPriya.M@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden's pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions. The top three S&P 500 .PG.INX percentage gainers: ** KLA Corporation , up 8.3% ** Applied Materials Inc , up 8% ** Occidental Petroleum Corp , up 7.8% The top three S&P 500 .PL.INX percentage losers: ** Viatris Inc , down 6.1% ** Rollins Inc , down 3.5% ** BlackRock Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Dpw Holdings Inc , up 39.5% ** Maxar Technologies Inc , up 28.3% ** 3D Systems Corporation , up 22% The top three NYSE .PL.N percentage losers: ** Kuke Music Holding Ltd , down 11.4% ** Bank of Montreal , down 9.4% ** Direxion Daily Semiconductor Bear 3X Shares , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Poshmark Inc , up 119.7% ** Datasea Inc , up 80.9% ** Lexicon Pharmaceuticals , up 71.6% The top three Nasdaq .PL.O percentage losers: ** Eos Energy Enterprises Inc , down 27.8% ** Viveve Medical Inc , down 20.6% ** Eos Energy Enterprises , down 18.2% ** Bionano Genomics BNGO.O : up 23.6% BUZZ-Rises on regaining Nasdaq listing compliance ** Affirm Holdings Inc AFRM.O : up 29.4% BUZZ-Affirm soars after debut double ** Poshmark Inc POSH.O : up 119.7% BUZZ-Poshmark shares more than double in Nasdaq debut ** PFSweb Inc PFSW.O : up 17.9% BUZZ-PFSweb surges on order fulfillment numbers ** Nordstrom JWN.N : down 1.6% BUZZ-Drops as holiday-period sales fall ** Johnson & Johnson JNJ.N : up 2.1% BUZZ-Rises on positive interim results from COVID-19 vaccine trial ** Fuelcell Energy FCEL.O : down 10.4% BUZZ-JPM downgrades to 'neutral' on valuation ** Organogenesis ORGO.O : up 36.5% BUZZ-Jumps as Q4 prelim revenue beat estimates ** Take-Two Interactive TTWO.O : down 0.4% BUZZ-MKM Partners downgrades on lack of growth catalysts ** Vipshop Holdings VIPS.N : down 1.3% BUZZ-Falls as China probes into possible unfair competition ** NantKwest NK.O : up 20.4% BUZZ-Rises on positive interim survival rate data from cancer trials ** Tesla TSLA.O : down 0.2% BUZZ-Falls after agency asks for recall of 158,000 vehicles ** Chembio Diagnostics CEMI.O : up 13.7% BUZZ-Rises after COVID-19 test gets CE mark ** Express EXPR.N : up 26.2% BUZZ-Surges after announcing $140 million in new financing ** Orchard Therapeutics ORTX.O : up 9.4% BUZZ-Rises after FDA grants 'special' status to gene therapy ** Kaleido Biosciences KLDO.O : up 3.1% BUZZ-Rises on positive data from COVID-19 treatment trial ** Virgin Galactic Holdings SPCE.N : up 14.9% BUZZ-Virgin Galactic soars after ARK files space exploration ETF ** Lexicon Pharma LXRX.O : up 71.6% BUZZ-Up on positive FDA feedback for diabetes drug ** Apache Corp APA.O : up 3.4% BUZZ-Gains on Q2 profit vs year-ago loss ** Beyond Meat BYND.O : up 9.3% BUZZ-Beyond Meat gains on Taco Bell partnership ** Super League Gaming SLGG.O : up 7.0% BUZZ-Up as co gains more video views, registered users ** Lemonade Inc LMND.N : down 3.8% BUZZ-Lemonade slips after pricing share offering ** Gilead Sciences Inc GILD.O : up 2.0% BUZZ-Gilead on track for growth in 2021 ** Twist Bioscience TWST.O : up 7.9% BUZZ-Twist Bioscience up on shipping new RNA sequences for COVID-19 testing ** Align Technology Inc ALGN.O : up 1.4% ** Zimmer Biomet Holdings Inc ZBH.N : up 0.5% ** Insulet Corp PODD.O : up 4.1% ** Inmode Ltd INMD.O : up 3.2% BUZZ-MedTech: Baird says year-end demand recovery bodes well for sector ** Walt Disney Co DIS.N : up 0.1% BUZZ-Citi expects Disney to surpass Netflix in subscriber growth in 3 years ** Intel Corp INTC.O : up 4.5% ** VMware Inc VMW.N : up 1.3% BUZZ-Street View: Pat Gelsinger as CEO is VMware's loss, Intel's gain ** Bally's Corp BALY.N : up 0.1% ** Boyd Gaming Corp BYD.N : up 1.6% ** Caesars Entertainment CZR.O : up 2.6% ** Churchill Downs Inc CHDN.O : up 1.9% ** Red Rock Resorts RRR.O : up 1.9% BUZZ-U.S. gaming: KeyBanc starts coverage on promising outlook ** Alibaba Group Holding BABA.N: up 3.7% ** Baidu Inc BIDU.O : up 7.5% BUZZ-China tech giants rise on report of U.S. shelving planned investment ban ** Alaska Air ALK.N : up 6.2% BUZZ-Up as quarterly cash burn slows on improving bookings ** Acacia Communications ACIA.O : up 32.4% BUZZ-Soars after agreeing to Cisco's raised buyout offer ** Signet Jewelers SIG.N : up 7.7% BUZZ-Rises on holiday sales bump, upbeat Q4 forecast ** Alteryx Inc AYX.N : up 10.7% ** Snowflake SNOW.N : up 3.6% BUZZ-Alteryx Inc, Snowflake gain on data processing deal ** Venus Concept Inc VERO.O : up 5.5% BUZZ-Rises after prelim Q4 sales beat estimates ** Dogness International Corp DOGZ.O : up 2.8% BUZZ-Rises on pet feeders order from Petco ** Square Inc SQ.N : up 1.9% BUZZ-Square Inc gains as brokerages raise PT on Cash App growth ** Delta Air Lines DAL.N : up 3.1% BUZZ-Rises on upbeat comments on recovery in 2021 ** Zynex ZYXI.O : up 7.6% BUZZ-Rises on filing patent for sepsis monitor ** Ethan Allen Interiors ETH.N : up 5.4% BUZZ-Rises on higher furniture orders in Q2 The 11 major S&P 500 sectors: Communication Services down 0.30% (Compiled by Lasya Priya M in Bengaluru) ((LasyaPriya.M@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** KLA Corporation , up 8.3% ** Applied Materials Inc , up 8% ** Occidental Petroleum Corp , up 7.8% The top three S&P 500 .PL.INX percentage losers: ** Viatris Inc , down 6.1% ** Rollins Inc , down 3.5% ** BlackRock Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Dpw Holdings Inc , up 39.5% ** Maxar Technologies Inc , up 28.3% ** 3D Systems Corporation , up 22% The top three NYSE .PL.N percentage losers: ** Kuke Music Holding Ltd , down 11.4% ** Bank of Montreal , down 9.4% ** Direxion Daily Semiconductor Bear 3X Shares , down 9.4% The top three Nasdaq .PG.O percentage gainers: ** Poshmark Inc , up 119.7% ** Datasea Inc , up 80.9% ** Lexicon Pharmaceuticals , up 71.6% The top three Nasdaq .PL.O percentage losers: ** Eos Energy Enterprises Inc , down 27.8% ** Viveve Medical Inc , down 20.6% ** Eos Energy Enterprises , down 18.2% ** Bionano Genomics BNGO.O : up 23.6% BUZZ-Rises on regaining Nasdaq listing compliance ** Affirm Holdings Inc AFRM.O : up 29.4% BUZZ-Affirm soars after debut double ** Poshmark Inc POSH.O : up 119.7% BUZZ-Poshmark shares more than double in Nasdaq debut ** PFSweb Inc PFSW.O : up 17.9% BUZZ-PFSweb surges on order fulfillment numbers ** Nordstrom JWN.N : down 1.6% BUZZ-Drops as holiday-period sales fall ** Johnson & Johnson JNJ.N : up 2.1% BUZZ-Rises on positive interim results from COVID-19 vaccine trial ** Fuelcell Energy FCEL.O : down 10.4% BUZZ-JPM downgrades to 'neutral' on valuation ** Organogenesis ORGO.O : up 36.5% BUZZ-Jumps as Q4 prelim revenue beat estimates ** Take-Two Interactive TTWO.O : down 0.4% BUZZ-MKM Partners downgrades on lack of growth catalysts ** Vipshop Holdings VIPS.N : down 1.3% BUZZ-Falls as China probes into possible unfair competition ** NantKwest NK.O : up 20.4% BUZZ-Rises on positive interim survival rate data from cancer trials ** Tesla TSLA.O : down 0.2% BUZZ-Falls after agency asks for recall of 158,000 vehicles ** Chembio Diagnostics CEMI.O : up 13.7% BUZZ-Rises after COVID-19 test gets CE mark ** Express EXPR.N : up 26.2% BUZZ-Surges after announcing $140 million in new financing ** Orchard Therapeutics ORTX.O : up 9.4% BUZZ-Rises after FDA grants 'special' status to gene therapy ** Kaleido Biosciences KLDO.O : up 3.1% BUZZ-Rises on positive data from COVID-19 treatment trial ** Virgin Galactic Holdings SPCE.N : up 14.9% BUZZ-Virgin Galactic soars after ARK files space exploration ETF ** Lexicon Pharma LXRX.O : up 71.6% BUZZ-Up on positive FDA feedback for diabetes drug ** Apache Corp APA.O : up 3.4% BUZZ-Gains on Q2 profit vs year-ago loss ** Beyond Meat BYND.O : up 9.3% BUZZ-Beyond Meat gains on Taco Bell partnership ** Super League Gaming SLGG.O : up 7.0% BUZZ-Up as co gains more video views, registered users ** Lemonade Inc LMND.N : down 3.8% BUZZ-Lemonade slips after pricing share offering ** Gilead Sciences Inc GILD.O : up 2.0% BUZZ-Gilead on track for growth in 2021 ** Twist Bioscience TWST.O : up 7.9% BUZZ-Twist Bioscience up on shipping new RNA sequences for COVID-19 testing ** Align Technology Inc ALGN.O : up 1.4% ** Zimmer Biomet Holdings Inc ZBH.N : up 0.5% ** Insulet Corp PODD.O : up 4.1% ** Inmode Ltd INMD.O : up 3.2% BUZZ-MedTech: Baird says year-end demand recovery bodes well for sector ** Walt Disney Co DIS.N : up 0.1% BUZZ-Citi expects Disney to surpass Netflix in subscriber growth in 3 years ** Intel Corp INTC.O : up 4.5% ** VMware Inc VMW.N : up 1.3% BUZZ-Street View: Pat Gelsinger as CEO is VMware's loss, Intel's gain ** Bally's Corp BALY.N : up 0.1% ** Boyd Gaming Corp BYD.N : up 1.6% ** Caesars Entertainment CZR.O : up 2.6% ** Churchill Downs Inc CHDN.O : up 1.9% ** Red Rock Resorts RRR.O : up 1.9% BUZZ-U.S. gaming: KeyBanc starts coverage on promising outlook ** Alibaba Group Holding BABA.N: up 3.7% ** Baidu Inc BIDU.O : up 7.5% BUZZ-China tech giants rise on report of U.S. shelving planned investment ban ** Alaska Air ALK.N : up 6.2% BUZZ-Up as quarterly cash burn slows on improving bookings ** Acacia Communications ACIA.O : up 32.4% BUZZ-Soars after agreeing to Cisco's raised buyout offer ** Signet Jewelers SIG.N : up 7.7% BUZZ-Rises on holiday sales bump, upbeat Q4 forecast ** Alteryx Inc AYX.N : up 10.7% ** Snowflake SNOW.N : up 3.6% BUZZ-Alteryx Inc, Snowflake gain on data processing deal ** Venus Concept Inc VERO.O : up 5.5% BUZZ-Rises after prelim Q4 sales beat estimates ** Dogness International Corp DOGZ.O : up 2.8% BUZZ-Rises on pet feeders order from Petco ** Square Inc SQ.N : up 1.9% BUZZ-Square Inc gains as brokerages raise PT on Cash App growth ** Delta Air Lines DAL.N : up 3.1% BUZZ-Rises on upbeat comments on recovery in 2021 ** Zynex ZYXI.O : up 7.6% BUZZ-Rises on filing patent for sepsis monitor ** Ethan Allen Interiors ETH.N : up 5.4% BUZZ-Rises on higher furniture orders in Q2 The 11 major S&P 500 sectors: Communication Services down 0.47% Consumer Discretionary down 0.09% Consumer Staples
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden's pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions. .N At 12:10 ET, the Dow Jones Industrial Average .DJI was up 0.37% at 31,174.28. The S&P 500 .SPX was up 0.15% at 3,815.72 and the Nasdaq Composite .IXIC was up 0.41% at 13,182.579.
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253ed8b3-5555-4d68-9954-e3919c8ea24c
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716684.0
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2021-01-14 00:00:00 UTC
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March 19th Options Now Available For 3D Systems
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DDD
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https://www.nasdaq.com/articles/march-19th-options-now-available-for-3d-systems-2021-01-14
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 19th contracts and identified one put and one call contract of particular interest.
The put contract at the $26.00 strike price has a current bid of $4.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $26.00, but will also collect the premium, putting the cost basis of the shares at $21.40 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $27.16/share today.
Because the $26.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 63%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 17.69% return on the cash commitment, or 100.97% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $26.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $28.00 strike price has a current bid of $4.50. If an investor was to purchase shares of DDD stock at the current price level of $27.16/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $28.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 19.66% if the stock gets called away at the March 19th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red:
Considering the fact that the $28.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 44%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 16.57% boost of extra return to the investor, or 94.55% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 138%, while the implied volatility in the call contract example is 144%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $27.16) to be 109%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red: Considering the fact that the $28.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 19th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red: Considering the fact that the $28.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 19th contracts and identified one put and one call contract of particular interest.
|
Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red: Considering the fact that the $28.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 19th contracts and identified one put and one call contract of particular interest.
|
At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 19th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red: Considering the fact that the $28.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 19th expiration.
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34f276f3-bc4b-448a-8d8f-fc5767819277
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716685.0
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2021-01-12 00:00:00 UTC
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Why 3D Systems' Stock Plummeted Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-plummeted-today-2021-01-12
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nan
|
nan
|
What happened
Shares of 3D Systems Corporation (NYSE: DDD) fell sharply today as some investors appear to be taking some of their gains following a recent run-up of the company's share price.
The tech stock fell by as much as 14.2% today and was down 10.5% as of 2:03 p.m. EST.
So what
While there was no company-specific news related to 3D Systems' share price slide today, it's likely that investors are simply cashing in on some of the profit that they've made from the company's stock over the past few days. Even with today's drop, 3D Systems' stock has surged 120% since Jan. 7.
Image source: Getty Images.
On Jan. 7 the company announced that it has completed the sale of its non-core software business for about $64 million in cash. The company said it will use that money to pay off some of its debt and that it was terminating an "at-the-market" stock sales program, which was set up to sell new shares to investors.
Additionally, the company issued preliminary financial results for the fourth quarter of 2020, with management estimating revenue between $170 million and $176 million. That guidance is much better than the $140 million that Wall Street has been estimating for the company's fourth-quarter sales.
Now what
Investors flocked to 3D Systems' stock following the above announcements last week. And today's share price sell-off is likely a reaction by some investors to take the gains they've made over a short amount of time and put that money elsewhere. With today's drop though, existing 3D Systems investors may want to keep an eye out for further volatility.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems Corporation (NYSE: DDD) fell sharply today as some investors appear to be taking some of their gains following a recent run-up of the company's share price. So what While there was no company-specific news related to 3D Systems' share price slide today, it's likely that investors are simply cashing in on some of the profit that they've made from the company's stock over the past few days. The company said it will use that money to pay off some of its debt and that it was terminating an "at-the-market" stock sales program, which was set up to sell new shares to investors.
|
What happened Shares of 3D Systems Corporation (NYSE: DDD) fell sharply today as some investors appear to be taking some of their gains following a recent run-up of the company's share price. Even with today's drop, 3D Systems' stock has surged 120% since Jan. 7. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
What happened Shares of 3D Systems Corporation (NYSE: DDD) fell sharply today as some investors appear to be taking some of their gains following a recent run-up of the company's share price. So what While there was no company-specific news related to 3D Systems' share price slide today, it's likely that investors are simply cashing in on some of the profit that they've made from the company's stock over the past few days. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Chris Neiger has no position in any of the stocks mentioned.
|
What happened Shares of 3D Systems Corporation (NYSE: DDD) fell sharply today as some investors appear to be taking some of their gains following a recent run-up of the company's share price. On Jan. 7 the company announced that it has completed the sale of its non-core software business for about $64 million in cash. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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55870566-a3cd-409d-9532-97184953f82a
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716686.0
|
2021-01-12 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-General Motors, Tesla, Gas stocks, Plug Power
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-general-motors-tesla-gas-stocks-plug-power-2021-01-12
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes inched higher on Tuesday ahead of the start of corporate America's reporting season that could signal a rebound in earnings, while General Motors' shares jumped on launching an electric delivery vehicle business. .N
At 12:00 ET, the Dow Jones Industrial Average .DJI was down 0.06% at 30,989.95. The S&P 500 .SPX was down 0.11% at 3,795.5 and the Nasdaq Composite .IXIC was up 0.12% at 13,052.595. The top three S&P 500 .PG.INX percentage gainers: ** Etsy Inc , up 13.6% ** Occidental Peteroleum , up 12.5% ** Apache Corp , up 9.8% The top three S&P 500 .PL.INX percentage losers: ** PerkinElmer Inc , down 4.2% ** Boston Scientific , down 4% ** Realty Income Corp , down 3.9% The top three NYSE .PG.N percentage gainers: ** Gannett Co Inc , up 20.1% ** Amplify Energy Corp , up 17% ** Transocean Ltd , up 16.7% The top three NYSE .PL.N percentage losers: ** 3D Systems Corporation , down 10.7% ** Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs , down 10.5% ** Bank of Montreal , down 8.5% The top three Nasdaq .PG.O percentage gainers: ** ArcLight Clean Transition Corp , up 204.2% ** Qilian International Holding Group , up 187.2% ** ArcLight Clean Transition Corp , up 89.4% The top three Nasdaq .PL.O percentage losers: ** Lexaria Bioscience Corp , down 39.4% ** Deerfield Healthcare Technology Acquisitions , down 20.4% ** LM Funding America Inc , down 18.4% ** General Motors GM.N : up 5.7%
BUZZ-Jumps on launching electric delivery-vehicle business ** Tesla TSLA.O : up 6.1%
BUZZ-Registers local unit in India ahead of planned 2021 entry ** SYNNEX Corp SNX.N : up 2.8%
BUZZ-Rises on upbeat Q4, PT hikes ** Comstock Resources CRK.N : up 6.5% ** Cabot Oil & Gas Corp COG.N : up 1.1% ** CNX Resources Corp CNX.N : up 1.9% ** EQT Corp EQT.N : up 5.0%
BUZZ-Gas-focused stocks gain as natural gas futures hit 6-week high ** Plug Power PLUG.O : up 14.3%
BUZZ-Plug Power hits record high on hydrogen LCV deal with Renault ** Las Vegas Sands LVS.N : down 0.8%
BUZZ-Las Vegas Sands Chairman and CEO Sheldon Adelson dies at 87 ** Liminal BioSciences LMNL.O : up 21.1%
BUZZ-Up on FDA approval for U.S. plasma collection center ** fuboTV FUBO.N : up 14.9%
BUZZ-Up on deal to acquire Vigtory's sportsbook platform ** VOXX International VOXX.O : up 40.7%
BUZZ-Jumps on Q3 sales growth ** Xpeng Inc XPEV.N : up 16.7%
BUZZ-Rises as co secures $2 bln credit from banks ** Happiness Biotech HAPP.O : up 6.0%
BUZZ-Soars on sharp growth in e-commerce business ** Spirit Aerosystems SPR.N : up 0.1%
BUZZ-Baird bullish on aerospace stocks for 2021, upgrades Spirit Aerosystems ** Teladoc Health TDOC.N : up 3.8%
BUZZ-BTIG raises PT on Teladoc Health; says telehealth here to stay ** ODP Corp ODP.O : up 0.6%
BUZZ-J.P. Morgan upgrades after Staples' offer ** Deere& Co DE.N : up 2.2% ** Caterpillar Inc CAT.N : up 2.0% ** Illinois Tool Works Inc ITW.N : up 1.2% ** Oshkosh Corp OSK.N : up 3.3%
BUZZ-Credit Suisse sees solid growth for U.S. machinery firms in 2021 ** Tencent Music TME.N : up 1.3%
BUZZ-China's Tencent Music seeks Hong Kong listing, U.S. shares rise ** Lemonade Inc LMND.N : down 3.3%
BUZZ-Falls on proposed stock offering ** Plus Therapeutics PSTV.O : up 1.1%
BUZZ-Up on deal with Piramal for its cancer drug product ** CONSOL Energy CEIX.N : up 11.2%
BUZZ-Jumps after filing shows large investment by David Einhorn ** Realty Income Corp O.N : down 3.9%
BUZZ-Drops on discounted stock sale ** Cantel Medical CMD.N : up 3.0%
BUZZ-Up on $3.6 bln buyout deal with Steris ** La Jolla LJPC.O : up 28.4%
BUZZ-Surges on Europe deal for blood pressure, abdominal infection treatments ** ArcLight ACTC.O : up 78.3%
BUZZ-Soars on deal to take electric-bus maker public ** Albertsons ACI.N : up 1.0%
BUZZ-Albertsons gains after raising annual sales, profit forecasts ** Becton Dickinson BDX.N : up 1.5%
BUZZ-Up after upbeat Q1 revenue forecast on COVID-19 test demand ** Boston Scientific BSX.N : down 4.0%
BUZZ-Falls as co expects lower Q4 sales ** Vir Biotechnology VIR.O : up 2.0%
BUZZ-Jumps on GSK collaboration to test second antibody for COVID-19 treatment ** Kratos Inc KTOS.O : up 5.0%
BUZZ-Up on $12.7 mln order to complete development of turbojet engine ** Biomerica Inc BMRA.O : up 20.8%
BUZZ-Rises on European approval for COVID-19 test ** Uber Technologies Inc UBER.N : up 6.1% BUZZ-Hits record high on 'green trip' option, Moderna tie-up ** Chevron Corp CVX.N : up 2.0% ** Exxon Mobil Corp XOM.N : up 1.8% ** Apache Corp APA.O : up 9.8% ** Devon Energy DVN.N : up 8.3% ** Marathon Oil MRO.N : up 8.6% ** Occidental Petroleum OXY.N : up 12.5% ** Schlumberger SLB.N : up 5.1% ** Halliburton HAL.N : up 7.9%
BUZZ-Oil cos up on tighter supply and expectations of drop in U.S. stockpiles ** DiamondRock Hospitality Co DRH.N : up 4.7% ** Host Hotels & Resorts Inc HST.O : up 1.0% ** Ryman Hospitality Properties Inc RHP.N : up 2.6% ** Xenia Hotels & Resorts Inc XHR.N : up 3.0% ** Easterly Government Properties Inc DEA.N : up 0.5%
BUZZ-REIT sector's return to normalcy to be 'very different' - Raymond James ** AzurRx BioPharma AZRX.O : up 5.7%
BUZZ-Jumps on patent for COVID-19 gastrointestinal disease treatment ** Qilian International Holding Group Ltd QLI.O : up 187.2%
BUZZ-China's Qilian soars in U.S. market debut ** PolarityTE Inc PTE.O : down 10.8%
BUZZ-Falls on discounted stock offering ** Shake Shack SHAK.N : up 6.7%
BUZZ-Shake Shack hits more than one-year high after prelim results impress ** Kuke Music Holding KUKE.N : up 15.0%
BUZZ-Rises in U.S. market debut ** LendingTree TREE.O : up 13.6%
BUZZ-LendingTree climbs after releasing Q4 outlook ** Surgalign Holdings SRGA.O : up 4.8%
BUZZ-Rises on commercial launch of bone formation device ** Capricor CAPR.O : up 12.8%
BUZZ-Jumps on partnership with Lonza for COVID-19 therapy ** CytoSorbents CTSO.O : up 4.5%
BUZZ-Up on Q4 revenue beat ** IAC/InterActiveCorp IAC.O : up 3.5%
BUZZ-Gains as Vimeo monthly sales rise ** Abercrombie ANF.N : up 1.1%
BUZZ-Gains on forecast for smaller decline in holiday sales ** Four Seasons Education FEDU.N : down 10.8%
BUZZ-Down on Q3 revenue fall as student enrollments drop ** Zynex Inc ZYXI.O : up 3.5%
BUZZ-Up on upbeat revenue forecast
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 1.47%
Consumer Discretionary
.SPLRCD
up 1.23%
Consumer Staples
.SPLRCS
down 0.49%
Energy
.SPNY
up 3.30%
Financial
.SPSY
up 1.26%
Health
.SPXHC
down 1.06%
Industrial
.SPLRCI
up 0.68%
Information Technology
.SPLRCT
down 0.63%
Materials
.SPLRCM
up 0.79%
Real Estate
.SPLRCR
down 1.03%
Utilities
.SPLRCU
down 1.39%
(Compiled by Lasya Priya M in Bengaluru)
((LasyaPriya.M@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes inched higher on Tuesday ahead of the start of corporate America's reporting season that could signal a rebound in earnings, while General Motors' shares jumped on launching an electric delivery vehicle business. The top three S&P 500 .PG.INX percentage gainers: ** Etsy Inc , up 13.6% ** Occidental Peteroleum , up 12.5% ** Apache Corp , up 9.8% The top three S&P 500 .PL.INX percentage losers: ** PerkinElmer Inc , down 4.2% ** Boston Scientific , down 4% ** Realty Income Corp , down 3.9% The top three NYSE .PG.N percentage gainers: ** Gannett Co Inc , up 20.1% ** Amplify Energy Corp , up 17% ** Transocean Ltd , up 16.7% The top three NYSE .PL.N percentage losers: ** 3D Systems Corporation , down 10.7% ** Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs , down 10.5% ** Bank of Montreal , down 8.5% The top three Nasdaq .PG.O percentage gainers: ** ArcLight Clean Transition Corp , up 204.2% ** Qilian International Holding Group , up 187.2% ** ArcLight Clean Transition Corp , up 89.4% The top three Nasdaq .PL.O percentage losers: ** Lexaria Bioscience Corp , down 39.4% ** Deerfield Healthcare Technology Acquisitions , down 20.4% ** LM Funding America Inc , down 18.4% ** General Motors GM.N : up 5.7% BUZZ-Jumps on launching electric delivery-vehicle business ** Tesla TSLA.O : up 6.1% BUZZ-Registers local unit in India ahead of planned 2021 entry ** SYNNEX Corp SNX.N : up 2.8% BUZZ-Rises on upbeat Q4, PT hikes ** Comstock Resources CRK.N : up 6.5% ** Cabot Oil & Gas Corp COG.N : up 1.1% ** CNX Resources Corp CNX.N : up 1.9% ** EQT Corp EQT.N : up 5.0% BUZZ-Gas-focused stocks gain as natural gas futures hit 6-week high ** Plug Power PLUG.O : up 14.3% BUZZ-Plug Power hits record high on hydrogen LCV deal with Renault ** Las Vegas Sands LVS.N : down 0.8% BUZZ-Las Vegas Sands Chairman and CEO Sheldon Adelson dies at 87 ** Liminal BioSciences LMNL.O : up 21.1% BUZZ-Up on FDA approval for U.S. plasma collection center ** fuboTV FUBO.N : up 14.9% BUZZ-Up on deal to acquire Vigtory's sportsbook platform ** VOXX International VOXX.O : up 40.7% BUZZ-Jumps on Q3 sales growth ** Xpeng Inc XPEV.N : up 16.7% BUZZ-Rises as co secures $2 bln credit from banks ** Happiness Biotech HAPP.O : up 6.0% BUZZ-Soars on sharp growth in e-commerce business ** Spirit Aerosystems SPR.N : up 0.1% BUZZ-Baird bullish on aerospace stocks for 2021, upgrades Spirit Aerosystems ** Teladoc Health TDOC.N : up 3.8% BUZZ-BTIG raises PT on Teladoc Health; says telehealth here to stay ** ODP Corp ODP.O : up 0.6% BUZZ-J.P. Morgan upgrades after Staples' offer ** Deere& Co DE.N : up 2.2% ** Caterpillar Inc CAT.N : up 2.0% ** Illinois Tool Works Inc ITW.N : up 1.2% ** Oshkosh Corp OSK.N : up 3.3% BUZZ-Credit Suisse sees solid growth for U.S. machinery firms in 2021 ** Tencent Music TME.N : up 1.3% BUZZ-China's Tencent Music seeks Hong Kong listing, U.S. shares rise ** Lemonade Inc LMND.N : down 3.3% BUZZ-Falls on proposed stock offering ** Plus Therapeutics PSTV.O : up 1.1% BUZZ-Up on deal with Piramal for its cancer drug product ** CONSOL Energy CEIX.N : up 11.2% BUZZ-Jumps after filing shows large investment by David Einhorn ** Realty Income Corp O.N : down 3.9% BUZZ-Drops on discounted stock sale ** Cantel Medical CMD.N : up 3.0% BUZZ-Up on $3.6 bln buyout deal with Steris ** La Jolla LJPC.O : up 28.4% BUZZ-Surges on Europe deal for blood pressure, abdominal infection treatments ** ArcLight ACTC.O : up 78.3% BUZZ-Soars on deal to take electric-bus maker public ** Albertsons ACI.N : up 1.0% BUZZ-Albertsons gains after raising annual sales, profit forecasts ** Becton Dickinson BDX.N : up 1.5% BUZZ-Up after upbeat Q1 revenue forecast on COVID-19 test demand ** Boston Scientific BSX.N : down 4.0% BUZZ-Falls as co expects lower Q4 sales ** Vir Biotechnology VIR.O : up 2.0% BUZZ-Jumps on GSK collaboration to test second antibody for COVID-19 treatment ** Kratos Inc KTOS.O : up 5.0% BUZZ-Up on $12.7 mln order to complete development of turbojet engine ** Biomerica Inc BMRA.O : up 20.8% BUZZ-Rises on European approval for COVID-19 test ** Uber Technologies Inc UBER.N : up 6.1% BUZZ-Hits record high on 'green trip' option, Moderna tie-up ** Chevron Corp CVX.N : up 2.0% ** Exxon Mobil Corp XOM.N : up 1.8% ** Apache Corp APA.O : up 9.8% ** Devon Energy DVN.N : up 8.3% ** Marathon Oil MRO.N : up 8.6% ** Occidental Petroleum OXY.N : up 12.5% ** Schlumberger SLB.N : up 5.1% ** Halliburton HAL.N : up 7.9% BUZZ-Oil cos up on tighter supply and expectations of drop in U.S. stockpiles ** DiamondRock Hospitality Co DRH.N : up 4.7% ** Host Hotels & Resorts Inc HST.O : up 1.0% ** Ryman Hospitality Properties Inc RHP.N : up 2.6% ** Xenia Hotels & Resorts Inc XHR.N : up 3.0% ** Easterly Government Properties Inc DEA.N : up 0.5% BUZZ-REIT sector's return to normalcy to be 'very different' - Raymond James ** AzurRx BioPharma AZRX.O : up 5.7% BUZZ-Jumps on patent for COVID-19 gastrointestinal disease treatment ** Qilian International Holding Group Ltd QLI.O : up 187.2% BUZZ-China's Qilian soars in U.S. market debut ** PolarityTE Inc PTE.O : down 10.8% BUZZ-Falls on discounted stock offering ** Shake Shack SHAK.N : up 6.7% BUZZ-Shake Shack hits more than one-year high after prelim results impress ** Kuke Music Holding KUKE.N : up 15.0% BUZZ-Rises in U.S. market debut ** LendingTree TREE.O : up 13.6% BUZZ-LendingTree climbs after releasing Q4 outlook ** Surgalign Holdings SRGA.O : up 4.8% BUZZ-Rises on commercial launch of bone formation device ** Capricor CAPR.O : up 12.8% BUZZ-Jumps on partnership with Lonza for COVID-19 therapy ** CytoSorbents CTSO.O : up 4.5% BUZZ-Up on Q4 revenue beat ** IAC/InterActiveCorp IAC.O : up 3.5% BUZZ-Gains as Vimeo monthly sales rise ** Abercrombie ANF.N : up 1.1% BUZZ-Gains on forecast for smaller decline in holiday sales ** Four Seasons Education FEDU.N : down 10.8% BUZZ-Down on Q3 revenue fall as student enrollments drop ** Zynex Inc ZYXI.O : up 3.5% BUZZ-Up on upbeat revenue forecast The 11 major S&P 500 sectors: Communication Services down 1.39% (Compiled by Lasya Priya M in Bengaluru) ((LasyaPriya.M@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes inched higher on Tuesday ahead of the start of corporate America's reporting season that could signal a rebound in earnings, while General Motors' shares jumped on launching an electric delivery vehicle business. The top three S&P 500 .PG.INX percentage gainers: ** Etsy Inc , up 13.6% ** Occidental Peteroleum , up 12.5% ** Apache Corp , up 9.8% The top three S&P 500 .PL.INX percentage losers: ** PerkinElmer Inc , down 4.2% ** Boston Scientific , down 4% ** Realty Income Corp , down 3.9% The top three NYSE .PG.N percentage gainers: ** Gannett Co Inc , up 20.1% ** Amplify Energy Corp , up 17% ** Transocean Ltd , up 16.7% The top three NYSE .PL.N percentage losers: ** 3D Systems Corporation , down 10.7% ** Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs , down 10.5% ** Bank of Montreal , down 8.5% The top three Nasdaq .PG.O percentage gainers: ** ArcLight Clean Transition Corp , up 204.2% ** Qilian International Holding Group , up 187.2% ** ArcLight Clean Transition Corp , up 89.4% The top three Nasdaq .PL.O percentage losers: ** Lexaria Bioscience Corp , down 39.4% ** Deerfield Healthcare Technology Acquisitions , down 20.4% ** LM Funding America Inc , down 18.4% ** General Motors GM.N : up 5.7% BUZZ-Jumps on launching electric delivery-vehicle business ** Tesla TSLA.O : up 6.1% BUZZ-Registers local unit in India ahead of planned 2021 entry ** SYNNEX Corp SNX.N : up 2.8% BUZZ-Rises on upbeat Q4, PT hikes ** Comstock Resources CRK.N : up 6.5% ** Cabot Oil & Gas Corp COG.N : up 1.1% ** CNX Resources Corp CNX.N : up 1.9% ** EQT Corp EQT.N : up 5.0% BUZZ-Gas-focused stocks gain as natural gas futures hit 6-week high ** Plug Power PLUG.O : up 14.3% BUZZ-Plug Power hits record high on hydrogen LCV deal with Renault ** Las Vegas Sands LVS.N : down 0.8% BUZZ-Las Vegas Sands Chairman and CEO Sheldon Adelson dies at 87 ** Liminal BioSciences LMNL.O : up 21.1% BUZZ-Up on FDA approval for U.S. plasma collection center ** fuboTV FUBO.N : up 14.9% BUZZ-Up on deal to acquire Vigtory's sportsbook platform ** VOXX International VOXX.O : up 40.7% BUZZ-Jumps on Q3 sales growth ** Xpeng Inc XPEV.N : up 16.7% BUZZ-Rises as co secures $2 bln credit from banks ** Happiness Biotech HAPP.O : up 6.0% BUZZ-Soars on sharp growth in e-commerce business ** Spirit Aerosystems SPR.N : up 0.1% BUZZ-Baird bullish on aerospace stocks for 2021, upgrades Spirit Aerosystems ** Teladoc Health TDOC.N : up 3.8% BUZZ-BTIG raises PT on Teladoc Health; says telehealth here to stay ** ODP Corp ODP.O : up 0.6% BUZZ-J.P. Morgan upgrades after Staples' offer ** Deere& Co DE.N : up 2.2% ** Caterpillar Inc CAT.N : up 2.0% ** Illinois Tool Works Inc ITW.N : up 1.2% ** Oshkosh Corp OSK.N : up 3.3% BUZZ-Credit Suisse sees solid growth for U.S. machinery firms in 2021 ** Tencent Music TME.N : up 1.3% BUZZ-China's Tencent Music seeks Hong Kong listing, U.S. shares rise ** Lemonade Inc LMND.N : down 3.3% BUZZ-Falls on proposed stock offering ** Plus Therapeutics PSTV.O : up 1.1% BUZZ-Up on deal with Piramal for its cancer drug product ** CONSOL Energy CEIX.N : up 11.2% BUZZ-Jumps after filing shows large investment by David Einhorn ** Realty Income Corp O.N : down 3.9% BUZZ-Drops on discounted stock sale ** Cantel Medical CMD.N : up 3.0% BUZZ-Up on $3.6 bln buyout deal with Steris ** La Jolla LJPC.O : up 28.4% BUZZ-Surges on Europe deal for blood pressure, abdominal infection treatments ** ArcLight ACTC.O : up 78.3% BUZZ-Soars on deal to take electric-bus maker public ** Albertsons ACI.N : up 1.0% BUZZ-Albertsons gains after raising annual sales, profit forecasts ** Becton Dickinson BDX.N : up 1.5% BUZZ-Up after upbeat Q1 revenue forecast on COVID-19 test demand ** Boston Scientific BSX.N : down 4.0% BUZZ-Falls as co expects lower Q4 sales ** Vir Biotechnology VIR.O : up 2.0% BUZZ-Jumps on GSK collaboration to test second antibody for COVID-19 treatment ** Kratos Inc KTOS.O : up 5.0% BUZZ-Up on $12.7 mln order to complete development of turbojet engine ** Biomerica Inc BMRA.O : up 20.8% BUZZ-Rises on European approval for COVID-19 test ** Uber Technologies Inc UBER.N : up 6.1% BUZZ-Hits record high on 'green trip' option, Moderna tie-up ** Chevron Corp CVX.N : up 2.0% ** Exxon Mobil Corp XOM.N : up 1.8% ** Apache Corp APA.O : up 9.8% ** Devon Energy DVN.N : up 8.3% ** Marathon Oil MRO.N : up 8.6% ** Occidental Petroleum OXY.N : up 12.5% ** Schlumberger SLB.N : up 5.1% ** Halliburton HAL.N : up 7.9% BUZZ-Oil cos up on tighter supply and expectations of drop in U.S. stockpiles ** DiamondRock Hospitality Co DRH.N : up 4.7% ** Host Hotels & Resorts Inc HST.O : up 1.0% ** Ryman Hospitality Properties Inc RHP.N : up 2.6% ** Xenia Hotels & Resorts Inc XHR.N : up 3.0% ** Easterly Government Properties Inc DEA.N : up 0.5% BUZZ-REIT sector's return to normalcy to be 'very different' - Raymond James ** AzurRx BioPharma AZRX.O : up 5.7% BUZZ-Jumps on patent for COVID-19 gastrointestinal disease treatment ** Qilian International Holding Group Ltd QLI.O : up 187.2% BUZZ-China's Qilian soars in U.S. market debut ** PolarityTE Inc PTE.O : down 10.8% BUZZ-Falls on discounted stock offering ** Shake Shack SHAK.N : up 6.7% BUZZ-Shake Shack hits more than one-year high after prelim results impress ** Kuke Music Holding KUKE.N : up 15.0% BUZZ-Rises in U.S. market debut ** LendingTree TREE.O : up 13.6% BUZZ-LendingTree climbs after releasing Q4 outlook ** Surgalign Holdings SRGA.O : up 4.8% BUZZ-Rises on commercial launch of bone formation device ** Capricor CAPR.O : up 12.8% BUZZ-Jumps on partnership with Lonza for COVID-19 therapy ** CytoSorbents CTSO.O : up 4.5% BUZZ-Up on Q4 revenue beat ** IAC/InterActiveCorp IAC.O : up 3.5% BUZZ-Gains as Vimeo monthly sales rise ** Abercrombie ANF.N : up 1.1% BUZZ-Gains on forecast for smaller decline in holiday sales ** Four Seasons Education FEDU.N : down 10.8% BUZZ-Down on Q3 revenue fall as student enrollments drop ** Zynex Inc ZYXI.O : up 3.5% BUZZ-Up on upbeat revenue forecast The 11 major S&P 500 sectors: Communication Services up 1.23% Consumer Staples
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.N At 12:00 ET, the Dow Jones Industrial Average .DJI was down 0.06% at 30,989.95. The top three S&P 500 .PG.INX percentage gainers: ** Etsy Inc , up 13.6% ** Occidental Peteroleum , up 12.5% ** Apache Corp , up 9.8% The top three S&P 500 .PL.INX percentage losers: ** PerkinElmer Inc , down 4.2% ** Boston Scientific , down 4% ** Realty Income Corp , down 3.9% The top three NYSE .PG.N percentage gainers: ** Gannett Co Inc , up 20.1% ** Amplify Energy Corp , up 17% ** Transocean Ltd , up 16.7% The top three NYSE .PL.N percentage losers: ** 3D Systems Corporation , down 10.7% ** Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs , down 10.5% ** Bank of Montreal , down 8.5% The top three Nasdaq .PG.O percentage gainers: ** ArcLight Clean Transition Corp , up 204.2% ** Qilian International Holding Group , up 187.2% ** ArcLight Clean Transition Corp , up 89.4% The top three Nasdaq .PL.O percentage losers: ** Lexaria Bioscience Corp , down 39.4% ** Deerfield Healthcare Technology Acquisitions , down 20.4% ** LM Funding America Inc , down 18.4% ** General Motors GM.N : up 5.7% BUZZ-Jumps on launching electric delivery-vehicle business ** Tesla TSLA.O : up 6.1% BUZZ-Registers local unit in India ahead of planned 2021 entry ** SYNNEX Corp SNX.N : up 2.8% BUZZ-Rises on upbeat Q4, PT hikes ** Comstock Resources CRK.N : up 6.5% ** Cabot Oil & Gas Corp COG.N : up 1.1% ** CNX Resources Corp CNX.N : up 1.9% ** EQT Corp EQT.N : up 5.0% BUZZ-Gas-focused stocks gain as natural gas futures hit 6-week high ** Plug Power PLUG.O : up 14.3% BUZZ-Plug Power hits record high on hydrogen LCV deal with Renault ** Las Vegas Sands LVS.N : down 0.8% BUZZ-Las Vegas Sands Chairman and CEO Sheldon Adelson dies at 87 ** Liminal BioSciences LMNL.O : up 21.1% BUZZ-Up on FDA approval for U.S. plasma collection center ** fuboTV FUBO.N : up 14.9% BUZZ-Up on deal to acquire Vigtory's sportsbook platform ** VOXX International VOXX.O : up 40.7% BUZZ-Jumps on Q3 sales growth ** Xpeng Inc XPEV.N : up 16.7% BUZZ-Rises as co secures $2 bln credit from banks ** Happiness Biotech HAPP.O : up 6.0% BUZZ-Soars on sharp growth in e-commerce business ** Spirit Aerosystems SPR.N : up 0.1% BUZZ-Baird bullish on aerospace stocks for 2021, upgrades Spirit Aerosystems ** Teladoc Health TDOC.N : up 3.8% BUZZ-BTIG raises PT on Teladoc Health; says telehealth here to stay ** ODP Corp ODP.O : up 0.6% BUZZ-J.P. Morgan upgrades after Staples' offer ** Deere& Co DE.N : up 2.2% ** Caterpillar Inc CAT.N : up 2.0% ** Illinois Tool Works Inc ITW.N : up 1.2% ** Oshkosh Corp OSK.N : up 3.3% BUZZ-Credit Suisse sees solid growth for U.S. machinery firms in 2021 ** Tencent Music TME.N : up 1.3% BUZZ-China's Tencent Music seeks Hong Kong listing, U.S. shares rise ** Lemonade Inc LMND.N : down 3.3% BUZZ-Falls on proposed stock offering ** Plus Therapeutics PSTV.O : up 1.1% BUZZ-Up on deal with Piramal for its cancer drug product ** CONSOL Energy CEIX.N : up 11.2% BUZZ-Jumps after filing shows large investment by David Einhorn ** Realty Income Corp O.N : down 3.9% BUZZ-Drops on discounted stock sale ** Cantel Medical CMD.N : up 3.0% BUZZ-Up on $3.6 bln buyout deal with Steris ** La Jolla LJPC.O : up 28.4% BUZZ-Surges on Europe deal for blood pressure, abdominal infection treatments ** ArcLight ACTC.O : up 78.3% BUZZ-Soars on deal to take electric-bus maker public ** Albertsons ACI.N : up 1.0% BUZZ-Albertsons gains after raising annual sales, profit forecasts ** Becton Dickinson BDX.N : up 1.5% BUZZ-Up after upbeat Q1 revenue forecast on COVID-19 test demand ** Boston Scientific BSX.N : down 4.0% BUZZ-Falls as co expects lower Q4 sales ** Vir Biotechnology VIR.O : up 2.0% BUZZ-Jumps on GSK collaboration to test second antibody for COVID-19 treatment ** Kratos Inc KTOS.O : up 5.0% BUZZ-Up on $12.7 mln order to complete development of turbojet engine ** Biomerica Inc BMRA.O : up 20.8% BUZZ-Rises on European approval for COVID-19 test ** Uber Technologies Inc UBER.N : up 6.1% BUZZ-Hits record high on 'green trip' option, Moderna tie-up ** Chevron Corp CVX.N : up 2.0% ** Exxon Mobil Corp XOM.N : up 1.8% ** Apache Corp APA.O : up 9.8% ** Devon Energy DVN.N : up 8.3% ** Marathon Oil MRO.N : up 8.6% ** Occidental Petroleum OXY.N : up 12.5% ** Schlumberger SLB.N : up 5.1% ** Halliburton HAL.N : up 7.9% BUZZ-Oil cos up on tighter supply and expectations of drop in U.S. stockpiles ** DiamondRock Hospitality Co DRH.N : up 4.7% ** Host Hotels & Resorts Inc HST.O : up 1.0% ** Ryman Hospitality Properties Inc RHP.N : up 2.6% ** Xenia Hotels & Resorts Inc XHR.N : up 3.0% ** Easterly Government Properties Inc DEA.N : up 0.5% BUZZ-REIT sector's return to normalcy to be 'very different' - Raymond James ** AzurRx BioPharma AZRX.O : up 5.7% BUZZ-Jumps on patent for COVID-19 gastrointestinal disease treatment ** Qilian International Holding Group Ltd QLI.O : up 187.2% BUZZ-China's Qilian soars in U.S. market debut ** PolarityTE Inc PTE.O : down 10.8% BUZZ-Falls on discounted stock offering ** Shake Shack SHAK.N : up 6.7% BUZZ-Shake Shack hits more than one-year high after prelim results impress ** Kuke Music Holding KUKE.N : up 15.0% BUZZ-Rises in U.S. market debut ** LendingTree TREE.O : up 13.6% BUZZ-LendingTree climbs after releasing Q4 outlook ** Surgalign Holdings SRGA.O : up 4.8% BUZZ-Rises on commercial launch of bone formation device ** Capricor CAPR.O : up 12.8% BUZZ-Jumps on partnership with Lonza for COVID-19 therapy ** CytoSorbents CTSO.O : up 4.5% BUZZ-Up on Q4 revenue beat ** IAC/InterActiveCorp IAC.O : up 3.5% BUZZ-Gains as Vimeo monthly sales rise ** Abercrombie ANF.N : up 1.1% BUZZ-Gains on forecast for smaller decline in holiday sales ** Four Seasons Education FEDU.N : down 10.8% BUZZ-Down on Q3 revenue fall as student enrollments drop ** Zynex Inc ZYXI.O : up 3.5% BUZZ-Up on upbeat revenue forecast The 11 major S&P 500 sectors: Communication Services up 0.79% Real Estate
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes inched higher on Tuesday ahead of the start of corporate America's reporting season that could signal a rebound in earnings, while General Motors' shares jumped on launching an electric delivery vehicle business. .N At 12:00 ET, the Dow Jones Industrial Average .DJI was down 0.06% at 30,989.95. The S&P 500 .SPX was down 0.11% at 3,795.5 and the Nasdaq Composite .IXIC was up 0.12% at 13,052.595.
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8990ab56-b6bd-4f19-b47d-d692ab175957
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716687.0
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2021-01-12 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-fuboTV, ArcLight, Liminal BioSciences, Biomerica
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-fubotv-arclight-liminal-biosciences-biomerica-2021-01-12
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 was subdued on Tuesday with investors holding off big bets ahead of the earnings season that is expected to throw light on the health of Corporate America and the economy. .N
At 10:44 ET, the Dow Jones Industrial Average .DJI was up 0.13% at 31,049.78. The S&P 500 .SPX was up 0.24% at 3,808.54 and the Nasdaq Composite .IXIC was up 0.26% at 13,070.016. The top three S&P 500 .PG.INX percentage gainers: ** Etsy Inc , up 14.5% ** Occidental Peteroleum , up 11% ** Marathon Oil , up 9% The top three S&P 500 .PL.INX percentage losers: ** Boston Scientific Corporation , down 4.8% ** Realty Income Corporation , down 3.5% ** Eli Lilly and Company , down 3.4% The top three NYSE .PG.N percentage gainers: ** Navios Maritime Holdings Inc , up 22.7% ** Navios Maritime Holdings Inc , up 20.5% ** fuboTV Inc , up 18.8% The top three NYSE .PL.N percentage losers: ** 3D Systems Corporation , down 9.8% ** Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs , down 8.6% ** Bank of Montreal , down 8.5% The top three Nasdaq .PG.O percentage gainers: ** ArcLight Clean Transition Corp , up 219.7% ** ArcLight Clean Transition Corp , up 94.4% ** ArcLight Clean Transition Corp , up 82% The top three Nasdaq .PL.O percentage losers: ** Lexaria Bioscience Corp , down 30.6% ** Highpeak Energy Inc HPKEW.O, down 14.5% ** Bit Digital Inc , down 13.2% ** SYNNEX Corp SNX.N : up 3.5%
BUZZ-Rises on upbeat Q4, PT hikes ** ArcLight ACTC.O : up 82.0%
BUZZ-Soars on deal to take electric-bus maker public ** Las Vegas Sands LVS.N : down 0.4%
BUZZ-Las Vegas Sands Chairman and CEO Sheldon Adelson dies at 87 ** Liminal BioSciences LMNL.O : up 14.3%
BUZZ-Up on FDA approval for U.S. plasma collection center ** fuboTV FUBO.N : up 18.8%
BUZZ-Up on deal to acquire Vigtory's sportsbook platform ** VOXX International VOXX.O : up 35.5%
BUZZ-Jumps on Q3 sales growth ** Xpeng Inc XPEV.N : up 15.3%
BUZZ-Rises as co secures $2 bln credit from banks ** Happiness Biotech HAPP.O : up 3.8%
BUZZ-Soars on sharp growth in e-commerce business ** Spirit Aerosystems SPR.N : up 1.0%
BUZZ-Baird bullish on aerospace stocks for 2021, upgrades Spirit Aerosystems ** Teladoc Health TDOC.N : up 3.3%
BUZZ-BTIG raises PT on Teladoc Health; says telehealth here to stay ** Deere& Co DE.N : up 2.1% ** Caterpillar Inc CAT.N : up 1.5% ** Illinois Tool Works Inc ITW.N : up 1.0% ** Oshkosh Corp OSK.N : up 2.5%
BUZZ-Credit Suisse sees solid growth for U.S. machinery firms in 2021 ** Tencent Music TME.N : up 1.2%
BUZZ-China's Tencent Music seeks Hong Kong listing, U.S. shares rise ** Plus Therapeutics PSTV.O : up 1.4%
BUZZ-Up on deal with Piramal for its cancer drug product ** CONSOL Energy CEIX.N : up 10.7%
BUZZ-Jumps after filing shows large investment by David Einhorn ** Realty Income Corp O.N : down 3.5%
BUZZ-Drops on discounted stock sale ** Cantel Medical CMD.N : up 4.5%
BUZZ-Up on $3.6 bln buyout deal with Steris ** La Jolla LJPC.O : up 31.2%
BUZZ-Surges on Europe deal for blood pressure, abdominal infection treatments ** Albertsons ACI.N : up 1.1%
BUZZ-Albertsons gains after raising annual sales, profit forecasts ** Becton Dickinson BDX.N : up 2.2%
BUZZ-Up after upbeat Q1 revenue forecast on COVID-19 test demand ** Boston Scientific BSX.N : down 4.8%
BUZZ-Falls as co expects lower Q4 sales ** Kratos Inc KTOS.O : up 2.7%
BUZZ-Up on $12.7 mln order to complete development of turbojet engine ** Biomerica Inc BMRA.O : up 28.6%
BUZZ-Rises on European approval for COVID-19 test ** Uber Technologies Inc UBER.N : up 4.3%
BUZZ-Rises on Moderna partnership for vaccine awareness ** Chevron Corp CVX.N : up 2.0% ** Exxon Mobil Corp XOM.N : up 2.0% ** Apache Corp APA.O : up 7.5% ** Devon Energy DVN.N : up 6.2% ** Marathon Oil MRO.N : up 9.0% ** Occidental Petroleum OXY.N : up 11.0% ** Schlumberger SLB.N : up 5.9% ** Halliburton HAL.N : up 6.0%
BUZZ-Oil cos up on tighter supply and expectations of drop in U.S. stockpiles ** DiamondRock Hospitality Co DRH.N : up 5.4% ** Host Hotels & Resorts Inc HST.O : up 1.2% ** Ryman Hospitality Properties Inc RHP.N : up 1.1% ** Xenia Hotels & Resorts Inc XHR.N : up 3.3% ** Easterly Government Properties Inc DEA.N : up 0.4%
BUZZ-REIT sector's return to normalcy to be 'very different' - Raymond James ** AzurRx BioPharma AZRX.O : up 10.6%
BUZZ-Jumps on patent for COVID-19 gastrointestinal disease treatment The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 1.05%
Consumer Discretionary
.SPLRCD
up 1.39%
Consumer Staples
.SPLRCS
down 0.09%
Energy
.SPNY
up 3.14%
Financial
.SPSY
up 1.22%
Health
.SPXHC
down 0.78%
Industrial
.SPLRCI
up 0.69%
Information Technology
.SPLRCT
down 0.36%
Materials
.SPLRCM
up 0.61%
Real Estate
.SPLRCR
down 0.44%
Utilities
.SPLRCU
down 0.16%
(Compiled by Lasya Priya M in Bengaluru)
((LasyaPriya.M@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was subdued on Tuesday with investors holding off big bets ahead of the earnings season that is expected to throw light on the health of Corporate America and the economy. The top three S&P 500 .PG.INX percentage gainers: ** Etsy Inc , up 14.5% ** Occidental Peteroleum , up 11% ** Marathon Oil , up 9% The top three S&P 500 .PL.INX percentage losers: ** Boston Scientific Corporation , down 4.8% ** Realty Income Corporation , down 3.5% ** Eli Lilly and Company , down 3.4% The top three NYSE .PG.N percentage gainers: ** Navios Maritime Holdings Inc , up 22.7% ** Navios Maritime Holdings Inc , up 20.5% ** fuboTV Inc , up 18.8% The top three NYSE .PL.N percentage losers: ** 3D Systems Corporation , down 9.8% ** Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs , down 8.6% ** Bank of Montreal , down 8.5% The top three Nasdaq .PG.O percentage gainers: ** ArcLight Clean Transition Corp , up 219.7% ** ArcLight Clean Transition Corp , up 94.4% ** ArcLight Clean Transition Corp , up 82% The top three Nasdaq .PL.O percentage losers: ** Lexaria Bioscience Corp , down 30.6% ** Highpeak Energy Inc HPKEW.O, down 14.5% ** Bit Digital Inc , down 13.2% ** SYNNEX Corp SNX.N : up 3.5% BUZZ-Rises on upbeat Q4, PT hikes ** ArcLight ACTC.O : up 82.0% BUZZ-Soars on deal to take electric-bus maker public ** Las Vegas Sands LVS.N : down 0.4% BUZZ-Las Vegas Sands Chairman and CEO Sheldon Adelson dies at 87 ** Liminal BioSciences LMNL.O : up 14.3% BUZZ-Up on FDA approval for U.S. plasma collection center ** fuboTV FUBO.N : up 18.8% BUZZ-Up on deal to acquire Vigtory's sportsbook platform ** VOXX International VOXX.O : up 35.5% BUZZ-Jumps on Q3 sales growth ** Xpeng Inc XPEV.N : up 15.3% BUZZ-Rises as co secures $2 bln credit from banks ** Happiness Biotech HAPP.O : up 3.8% BUZZ-Soars on sharp growth in e-commerce business ** Spirit Aerosystems SPR.N : up 1.0% BUZZ-Baird bullish on aerospace stocks for 2021, upgrades Spirit Aerosystems ** Teladoc Health TDOC.N : up 3.3% BUZZ-BTIG raises PT on Teladoc Health; says telehealth here to stay ** Deere& Co DE.N : up 2.1% ** Caterpillar Inc CAT.N : up 1.5% ** Illinois Tool Works Inc ITW.N : up 1.0% ** Oshkosh Corp OSK.N : up 2.5% BUZZ-Credit Suisse sees solid growth for U.S. machinery firms in 2021 ** Tencent Music TME.N : up 1.2% BUZZ-China's Tencent Music seeks Hong Kong listing, U.S. shares rise ** Plus Therapeutics PSTV.O : up 1.4% BUZZ-Up on deal with Piramal for its cancer drug product ** CONSOL Energy CEIX.N : up 10.7% BUZZ-Jumps after filing shows large investment by David Einhorn ** Realty Income Corp O.N : down 3.5% BUZZ-Drops on discounted stock sale ** Cantel Medical CMD.N : up 4.5% BUZZ-Up on $3.6 bln buyout deal with Steris ** La Jolla LJPC.O : up 31.2% BUZZ-Surges on Europe deal for blood pressure, abdominal infection treatments ** Albertsons ACI.N : up 1.1% BUZZ-Albertsons gains after raising annual sales, profit forecasts ** Becton Dickinson BDX.N : up 2.2% BUZZ-Up after upbeat Q1 revenue forecast on COVID-19 test demand ** Boston Scientific BSX.N : down 4.8% BUZZ-Falls as co expects lower Q4 sales ** Kratos Inc KTOS.O : up 2.7% BUZZ-Up on $12.7 mln order to complete development of turbojet engine ** Biomerica Inc BMRA.O : up 28.6% BUZZ-Rises on European approval for COVID-19 test ** Uber Technologies Inc UBER.N : up 4.3% BUZZ-Rises on Moderna partnership for vaccine awareness ** Chevron Corp CVX.N : up 2.0% ** Exxon Mobil Corp XOM.N : up 2.0% ** Apache Corp APA.O : up 7.5% ** Devon Energy DVN.N : up 6.2% ** Marathon Oil MRO.N : up 9.0% ** Occidental Petroleum OXY.N : up 11.0% ** Schlumberger SLB.N : up 5.9% ** Halliburton HAL.N : up 6.0% BUZZ-Oil cos up on tighter supply and expectations of drop in U.S. stockpiles ** DiamondRock Hospitality Co DRH.N : up 5.4% ** Host Hotels & Resorts Inc HST.O : up 1.2% ** Ryman Hospitality Properties Inc RHP.N : up 1.1% ** Xenia Hotels & Resorts Inc XHR.N : up 3.3% ** Easterly Government Properties Inc DEA.N : up 0.4% BUZZ-REIT sector's return to normalcy to be 'very different' - Raymond James ** AzurRx BioPharma AZRX.O : up 10.6% BUZZ-Jumps on patent for COVID-19 gastrointestinal disease treatment The 11 major S&P 500 sectors: Communication Services down 0.16% (Compiled by Lasya Priya M in Bengaluru) ((LasyaPriya.M@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was subdued on Tuesday with investors holding off big bets ahead of the earnings season that is expected to throw light on the health of Corporate America and the economy. The top three S&P 500 .PG.INX percentage gainers: ** Etsy Inc , up 14.5% ** Occidental Peteroleum , up 11% ** Marathon Oil , up 9% The top three S&P 500 .PL.INX percentage losers: ** Boston Scientific Corporation , down 4.8% ** Realty Income Corporation , down 3.5% ** Eli Lilly and Company , down 3.4% The top three NYSE .PG.N percentage gainers: ** Navios Maritime Holdings Inc , up 22.7% ** Navios Maritime Holdings Inc , up 20.5% ** fuboTV Inc , up 18.8% The top three NYSE .PL.N percentage losers: ** 3D Systems Corporation , down 9.8% ** Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs , down 8.6% ** Bank of Montreal , down 8.5% The top three Nasdaq .PG.O percentage gainers: ** ArcLight Clean Transition Corp , up 219.7% ** ArcLight Clean Transition Corp , up 94.4% ** ArcLight Clean Transition Corp , up 82% The top three Nasdaq .PL.O percentage losers: ** Lexaria Bioscience Corp , down 30.6% ** Highpeak Energy Inc HPKEW.O, down 14.5% ** Bit Digital Inc , down 13.2% ** SYNNEX Corp SNX.N : up 3.5% BUZZ-Rises on upbeat Q4, PT hikes ** ArcLight ACTC.O : up 82.0% BUZZ-Soars on deal to take electric-bus maker public ** Las Vegas Sands LVS.N : down 0.4% BUZZ-Las Vegas Sands Chairman and CEO Sheldon Adelson dies at 87 ** Liminal BioSciences LMNL.O : up 14.3% BUZZ-Up on FDA approval for U.S. plasma collection center ** fuboTV FUBO.N : up 18.8% BUZZ-Up on deal to acquire Vigtory's sportsbook platform ** VOXX International VOXX.O : up 35.5% BUZZ-Jumps on Q3 sales growth ** Xpeng Inc XPEV.N : up 15.3% BUZZ-Rises as co secures $2 bln credit from banks ** Happiness Biotech HAPP.O : up 3.8% BUZZ-Soars on sharp growth in e-commerce business ** Spirit Aerosystems SPR.N : up 1.0% BUZZ-Baird bullish on aerospace stocks for 2021, upgrades Spirit Aerosystems ** Teladoc Health TDOC.N : up 3.3% BUZZ-BTIG raises PT on Teladoc Health; says telehealth here to stay ** Deere& Co DE.N : up 2.1% ** Caterpillar Inc CAT.N : up 1.5% ** Illinois Tool Works Inc ITW.N : up 1.0% ** Oshkosh Corp OSK.N : up 2.5% BUZZ-Credit Suisse sees solid growth for U.S. machinery firms in 2021 ** Tencent Music TME.N : up 1.2% BUZZ-China's Tencent Music seeks Hong Kong listing, U.S. shares rise ** Plus Therapeutics PSTV.O : up 1.4% BUZZ-Up on deal with Piramal for its cancer drug product ** CONSOL Energy CEIX.N : up 10.7% BUZZ-Jumps after filing shows large investment by David Einhorn ** Realty Income Corp O.N : down 3.5% BUZZ-Drops on discounted stock sale ** Cantel Medical CMD.N : up 4.5% BUZZ-Up on $3.6 bln buyout deal with Steris ** La Jolla LJPC.O : up 31.2% BUZZ-Surges on Europe deal for blood pressure, abdominal infection treatments ** Albertsons ACI.N : up 1.1% BUZZ-Albertsons gains after raising annual sales, profit forecasts ** Becton Dickinson BDX.N : up 2.2% BUZZ-Up after upbeat Q1 revenue forecast on COVID-19 test demand ** Boston Scientific BSX.N : down 4.8% BUZZ-Falls as co expects lower Q4 sales ** Kratos Inc KTOS.O : up 2.7% BUZZ-Up on $12.7 mln order to complete development of turbojet engine ** Biomerica Inc BMRA.O : up 28.6% BUZZ-Rises on European approval for COVID-19 test ** Uber Technologies Inc UBER.N : up 4.3% BUZZ-Rises on Moderna partnership for vaccine awareness ** Chevron Corp CVX.N : up 2.0% ** Exxon Mobil Corp XOM.N : up 2.0% ** Apache Corp APA.O : up 7.5% ** Devon Energy DVN.N : up 6.2% ** Marathon Oil MRO.N : up 9.0% ** Occidental Petroleum OXY.N : up 11.0% ** Schlumberger SLB.N : up 5.9% ** Halliburton HAL.N : up 6.0% BUZZ-Oil cos up on tighter supply and expectations of drop in U.S. stockpiles ** DiamondRock Hospitality Co DRH.N : up 5.4% ** Host Hotels & Resorts Inc HST.O : up 1.2% ** Ryman Hospitality Properties Inc RHP.N : up 1.1% ** Xenia Hotels & Resorts Inc XHR.N : up 3.3% ** Easterly Government Properties Inc DEA.N : up 0.4% BUZZ-REIT sector's return to normalcy to be 'very different' - Raymond James ** AzurRx BioPharma AZRX.O : up 10.6% BUZZ-Jumps on patent for COVID-19 gastrointestinal disease treatment The 11 major S&P 500 sectors: Communication Services down 0.16% (Compiled by Lasya Priya M in Bengaluru) ((LasyaPriya.M@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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.N At 10:44 ET, the Dow Jones Industrial Average .DJI was up 0.13% at 31,049.78. The top three S&P 500 .PG.INX percentage gainers: ** Etsy Inc , up 14.5% ** Occidental Peteroleum , up 11% ** Marathon Oil , up 9% The top three S&P 500 .PL.INX percentage losers: ** Boston Scientific Corporation , down 4.8% ** Realty Income Corporation , down 3.5% ** Eli Lilly and Company , down 3.4% The top three NYSE .PG.N percentage gainers: ** Navios Maritime Holdings Inc , up 22.7% ** Navios Maritime Holdings Inc , up 20.5% ** fuboTV Inc , up 18.8% The top three NYSE .PL.N percentage losers: ** 3D Systems Corporation , down 9.8% ** Direxion Daily S&P Oil & Gas Exp & Prod Br 2X Shs , down 8.6% ** Bank of Montreal , down 8.5% The top three Nasdaq .PG.O percentage gainers: ** ArcLight Clean Transition Corp , up 219.7% ** ArcLight Clean Transition Corp , up 94.4% ** ArcLight Clean Transition Corp , up 82% The top three Nasdaq .PL.O percentage losers: ** Lexaria Bioscience Corp , down 30.6% ** Highpeak Energy Inc HPKEW.O, down 14.5% ** Bit Digital Inc , down 13.2% ** SYNNEX Corp SNX.N : up 3.5% BUZZ-Rises on upbeat Q4, PT hikes ** ArcLight ACTC.O : up 82.0% BUZZ-Soars on deal to take electric-bus maker public ** Las Vegas Sands LVS.N : down 0.4% BUZZ-Las Vegas Sands Chairman and CEO Sheldon Adelson dies at 87 ** Liminal BioSciences LMNL.O : up 14.3% BUZZ-Up on FDA approval for U.S. plasma collection center ** fuboTV FUBO.N : up 18.8% BUZZ-Up on deal to acquire Vigtory's sportsbook platform ** VOXX International VOXX.O : up 35.5% BUZZ-Jumps on Q3 sales growth ** Xpeng Inc XPEV.N : up 15.3% BUZZ-Rises as co secures $2 bln credit from banks ** Happiness Biotech HAPP.O : up 3.8% BUZZ-Soars on sharp growth in e-commerce business ** Spirit Aerosystems SPR.N : up 1.0% BUZZ-Baird bullish on aerospace stocks for 2021, upgrades Spirit Aerosystems ** Teladoc Health TDOC.N : up 3.3% BUZZ-BTIG raises PT on Teladoc Health; says telehealth here to stay ** Deere& Co DE.N : up 2.1% ** Caterpillar Inc CAT.N : up 1.5% ** Illinois Tool Works Inc ITW.N : up 1.0% ** Oshkosh Corp OSK.N : up 2.5% BUZZ-Credit Suisse sees solid growth for U.S. machinery firms in 2021 ** Tencent Music TME.N : up 1.2% BUZZ-China's Tencent Music seeks Hong Kong listing, U.S. shares rise ** Plus Therapeutics PSTV.O : up 1.4% BUZZ-Up on deal with Piramal for its cancer drug product ** CONSOL Energy CEIX.N : up 10.7% BUZZ-Jumps after filing shows large investment by David Einhorn ** Realty Income Corp O.N : down 3.5% BUZZ-Drops on discounted stock sale ** Cantel Medical CMD.N : up 4.5% BUZZ-Up on $3.6 bln buyout deal with Steris ** La Jolla LJPC.O : up 31.2% BUZZ-Surges on Europe deal for blood pressure, abdominal infection treatments ** Albertsons ACI.N : up 1.1% BUZZ-Albertsons gains after raising annual sales, profit forecasts ** Becton Dickinson BDX.N : up 2.2% BUZZ-Up after upbeat Q1 revenue forecast on COVID-19 test demand ** Boston Scientific BSX.N : down 4.8% BUZZ-Falls as co expects lower Q4 sales ** Kratos Inc KTOS.O : up 2.7% BUZZ-Up on $12.7 mln order to complete development of turbojet engine ** Biomerica Inc BMRA.O : up 28.6% BUZZ-Rises on European approval for COVID-19 test ** Uber Technologies Inc UBER.N : up 4.3% BUZZ-Rises on Moderna partnership for vaccine awareness ** Chevron Corp CVX.N : up 2.0% ** Exxon Mobil Corp XOM.N : up 2.0% ** Apache Corp APA.O : up 7.5% ** Devon Energy DVN.N : up 6.2% ** Marathon Oil MRO.N : up 9.0% ** Occidental Petroleum OXY.N : up 11.0% ** Schlumberger SLB.N : up 5.9% ** Halliburton HAL.N : up 6.0% BUZZ-Oil cos up on tighter supply and expectations of drop in U.S. stockpiles ** DiamondRock Hospitality Co DRH.N : up 5.4% ** Host Hotels & Resorts Inc HST.O : up 1.2% ** Ryman Hospitality Properties Inc RHP.N : up 1.1% ** Xenia Hotels & Resorts Inc XHR.N : up 3.3% ** Easterly Government Properties Inc DEA.N : up 0.4% BUZZ-REIT sector's return to normalcy to be 'very different' - Raymond James ** AzurRx BioPharma AZRX.O : up 10.6% BUZZ-Jumps on patent for COVID-19 gastrointestinal disease treatment The 11 major S&P 500 sectors: Communication Services down 1.05% Consumer Discretionary
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 was subdued on Tuesday with investors holding off big bets ahead of the earnings season that is expected to throw light on the health of Corporate America and the economy. .N At 10:44 ET, the Dow Jones Industrial Average .DJI was up 0.13% at 31,049.78. The S&P 500 .SPX was up 0.24% at 3,808.54 and the Nasdaq Composite .IXIC was up 0.26% at 13,070.016.
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e9d1fed4-d3fc-4161-bd13-2881c4ffb479
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716688.0
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2021-01-11 00:00:00 UTC
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Why 3D Systems Stock Popped (Again) on Monday
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-popped-again-on-monday-2021-01-11
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nan
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nan
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What happened
Can anything stop 3D Systems (NYSE: DDD)?
Last week, shares of the maker of 3D printers more than doubled in a single day of frenzied trading Thursday, then drifted higher on Friday. On Monday morning, they picked up where they left off, climbing another 9% through 11:50 a.m. EST -- apparently on no "new" news at all.
Image source: Getty Images.
So what
But perhaps 3D Systems investors don't need any more news to fuel their optimism. Last week's revelations were good enough. In an earnings preannouncement, the company confirmed that Q4 sales are going to beat analysts' estimates with a stick, coming in between $170 million and $176 million -- a tight range that suggests substantial certainty about how good the news will be when official earnings come out.
It's not yet certain whether 3D Systems will earn a profit on these sales -- but it might. Management said its GAAP bottom-line result could be anywhere from a loss of $8.6 million to a $500,000 profit.
Now what
Just the chance that 3D Systems could break its losing streak -- 15 straight quarters without a single GAAP profit -- has been enough to give investors hope that things are finally turning around. And with analysts on average now predicting that the company could earn a profit for the whole year -- then grow that profit at a 30% annualized rate over the next five years -- 2021 could be the year 3D Systems stock begins growing again.
10 stocks we like better than 3D Systems
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Can anything stop 3D Systems (NYSE: DDD)? Last week, shares of the maker of 3D printers more than doubled in a single day of frenzied trading Thursday, then drifted higher on Friday. In an earnings preannouncement, the company confirmed that Q4 sales are going to beat analysts' estimates with a stick, coming in between $170 million and $176 million -- a tight range that suggests substantial certainty about how good the news will be when official earnings come out.
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What happened Can anything stop 3D Systems (NYSE: DDD)? Now what Just the chance that 3D Systems could break its losing streak -- 15 straight quarters without a single GAAP profit -- has been enough to give investors hope that things are finally turning around. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened Can anything stop 3D Systems (NYSE: DDD)? And with analysts on average now predicting that the company could earn a profit for the whole year -- then grow that profit at a 30% annualized rate over the next five years -- 2021 could be the year 3D Systems stock begins growing again. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Can anything stop 3D Systems (NYSE: DDD)? Management said its GAAP bottom-line result could be anywhere from a loss of $8.6 million to a $500,000 profit. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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0eeeda63-5dbb-483b-8d08-3f54d6c1436c
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716689.0
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2021-01-11 00:00:00 UTC
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4 3D Printing Stocks Leading the Fourth Industrial Revolution
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DDD
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https://www.nasdaq.com/articles/4-3d-printing-stocks-leading-the-fourth-industrial-revolution-2021-01-11
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Technology isn’t stagnant. It’s always evolving.
Throughout history, we’ve seen that when technology evolves particularly fast, the world undergoes a mass, disruptive makeover. Historians dubbed them “Industrial Revolutions.”
The First Industrial Revolution happened about 255 years ago – in the late 1700s – when humans learned how to harness the power of steam to mechanize the production of physical items.
About a century later, the Second Industrial Revolution began, when humans learned about electricity, gas and oil, and leveraged these newfound powers to unlock a novel era of transportation and mass production.
Then, about a century thereafter, the Third Industrial Revolution began, when digital machines like computers, cellphones and TVs emerged.
Each time one of these Industrial Revolutions happens, the world changes. Forever. And in that change, old technologies fall by the wayside, while new technologies become ubiquitous, laying the foundations for a more efficient future.
Right now, we are in the midst of a Fourth Industrial Revolution.
3 Solar Stocks to Buy for the Blue Wave
It’s a world-changing shift toward automated, hyper-connected, hyper-efficient and — in some cases — decentralized factories, enabled by breakthrough advancements in Big Data, the Internet of Things (IoT) and cloud computing.
In essence, we are pivoting from a world with a few huge factories that run on old machines and utilize human labor, toward a world with multiple smaller factories that run on smart, internet-connected machines and utilize automated technologies and software.
It’s an enormous shift.
Perhaps obviously — and much like previous Industrial Revolutions — this shift toward Industry 4.0 will spark significant disruption across the world’s supply chain.
And… as longtime readers know… where there’s disruption, there’s opportunity.
One of the biggest opportunities in the Fourth Industrial Revolution? 3D printing.
You heard that right. 3D printing. The industry that was hyped up back in 2013 as a novel concept that would take over the world as everyone replaced their 2D printers with 3D printers and transformed their homes into “mini-factories.”
Of course, that didn’t happen.
The reality is that additive manufacturing (as industry insiders like to call it) is a complex, costly, laborious and time-consuming process which most consumers have no use for in their homes.
To that end, the hype surrounding 3D printing has fizzled out over the past several years, and AM stocks have been some of the biggest busts on Wall Street.
But… over the past few years… additive manufacturing has quietly emerged as a core technological component of Industry 4.0.
Here’s the story:
The first generation of industrial AM machines were glacially slow, exorbitantly expensive, and incredibly niche since they could only print in plastic and therefore could only be deployed for product prototyping.
These machines, however, have made huge advancements in terms of cost, speed and ability since 2013, to the point where they are now capable of quickly and cost-effectively mass-producing metal end-use parts on the factory floor.
That’s huge. That means 3D printers can now be integrated into assembly lines.
But why would a company do that?
Because the emergence of Industry 4.0 has raised the standard for customization and automation in the world’s supply chains. That is, tomorrow’s supply chains will need to be automated (to save on labor costs) and need to be able to produce customized parts (to meet growing consumer demand for custom products).
As it turns out, AM is particularly good at customization and automation. You can make any design you want in a software program, send it to the 3D printer and the printer can produce that design — all without needing any human labor on the manufacturing side.
That represents a paradigm shift from current manufacturing processes, wherein entire assembly lines have been constructed to efficiently build the same thing over and over again. Modifying those assembly lines to create something different or specialized is a labor- and time-intensive process.
As such, companies aren’t going to do that. Instead, they’re going to rejig their assembly lines over the next few years to include metal AM machines alongside CNC machines and casts to create a hyperefficient manufacturing process than can cost-effectively mass-produce anything.
Insiders are calling this the emergence of the Additive Manufacturing 2.0 era – and it’s expected to grow the AM market by more than 1,000%, from $12 billion today, to nearly $150 BILLION by the end of the decade.
A few exciting companies are at the forefront of this emerging hypergrowth megatrend.
My favorite is a metal AM machine maker that was founded by a bunch of MIT alums called Desktop Metal (NYSE:DM). The company’s “secret sauce” is its patented breakthrough technological process called single pass jetting, which enables the company’s layer-by-layer printing process to only have to do “one pass” (other companies have to do multiple passes on each layer). This ultimately results in Desktop Metal printers being the fastest in the industry… by a long shot… which is huge since speed is of utmost importance in assembly lines.
Other names that stand out to me in the Additive Manufacturing 2.0 megatrend are industry leader 3D Systems (NYSE:DDD), AM software provider Materialise (NASDAQ:MTLS), and digital manufacturer Protolabs (NYSE:PRLB).
These stocks have largely been “sleepers” on Wall Street over the past few years. But they are starting to “wake up” in a big way, in large part thanks to 3D Systems reporting blockbuster prelim fourth-quarter numbers last week that broadly underscored that 3D printing as an industry is, indeed, making a huge comeback.
In other words, the time to invest in this emerging megatrend is right now — as the industry inflects from several years of sluggish growth and falling stock prices, transitioning to several years of hypergrowth and soaring stock prices.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
The New Daily 10X Stock Report: Dozens of triple-digit winners, peak gains as high as 926%… 1,326%… and 1,392%. InvestorPlace’s bold new initiative delivers one breakthrough stock recommendation every trading day, targeting gains of 5X… 10X… even 15X and beyond. Now, for a limited time, you can get in for just $19. Click here to find out how.
In addition, you can sign up for Luke’s free Hypergrowth Investing newsletter. Click here to sign up now.
The post 4 3D Printing Stocks Leading the Fourth Industrial Revolution appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other names that stand out to me in the Additive Manufacturing 2.0 megatrend are industry leader 3D Systems (NYSE:DDD), AM software provider Materialise (NASDAQ:MTLS), and digital manufacturer Protolabs (NYSE:PRLB). 3 Solar Stocks to Buy for the Blue Wave It’s a world-changing shift toward automated, hyper-connected, hyper-efficient and — in some cases — decentralized factories, enabled by breakthrough advancements in Big Data, the Internet of Things (IoT) and cloud computing. These machines, however, have made huge advancements in terms of cost, speed and ability since 2013, to the point where they are now capable of quickly and cost-effectively mass-producing metal end-use parts on the factory floor.
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Other names that stand out to me in the Additive Manufacturing 2.0 megatrend are industry leader 3D Systems (NYSE:DDD), AM software provider Materialise (NASDAQ:MTLS), and digital manufacturer Protolabs (NYSE:PRLB). In essence, we are pivoting from a world with a few huge factories that run on old machines and utilize human labor, toward a world with multiple smaller factories that run on smart, internet-connected machines and utilize automated technologies and software. The company’s “secret sauce” is its patented breakthrough technological process called single pass jetting, which enables the company’s layer-by-layer printing process to only have to do “one pass” (other companies have to do multiple passes on each layer).
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Other names that stand out to me in the Additive Manufacturing 2.0 megatrend are industry leader 3D Systems (NYSE:DDD), AM software provider Materialise (NASDAQ:MTLS), and digital manufacturer Protolabs (NYSE:PRLB). Perhaps obviously — and much like previous Industrial Revolutions — this shift toward Industry 4.0 will spark significant disruption across the world’s supply chain. The company’s “secret sauce” is its patented breakthrough technological process called single pass jetting, which enables the company’s layer-by-layer printing process to only have to do “one pass” (other companies have to do multiple passes on each layer).
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Other names that stand out to me in the Additive Manufacturing 2.0 megatrend are industry leader 3D Systems (NYSE:DDD), AM software provider Materialise (NASDAQ:MTLS), and digital manufacturer Protolabs (NYSE:PRLB). Each time one of these Industrial Revolutions happens, the world changes. Perhaps obviously — and much like previous Industrial Revolutions — this shift toward Industry 4.0 will spark significant disruption across the world’s supply chain.
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bb018651-8f69-4cdd-8cb9-2f64e1bb9a82
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716690.0
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2021-01-09 00:00:00 UTC
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Should Investors Be Watching These Top Tech Stocks This Week? 2 Up 130%+ In The Past Year
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DDD
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https://www.nasdaq.com/articles/should-investors-be-watching-these-top-tech-stocks-this-week-2-up-130-in-the-past-year
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nan
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nan
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Are These The Best Tech Stocks To Have On Your Watchlist This Week? 3 To Consider
Tech stocks have been on a roll throughout 2020. Boosted by coronavirus tailwinds, some of them have even continued to tear through the stock market as we begin 2021. You may be asking, why is that the case? Well, it is often easy to overlook just how much technology makes up the world around us. Whether it is the device you are reading this on or the internet that enables it, tech is involved. Naturally, with technology being so important to humanity, tech companies almost always have new demands to meet. They do so via new inventions and cyclical updates on current products. We have seen the latter in commercial tech companies such as Apple (AAPL Stock Report) whose iPhone product line has brought in billions in revenue.
If anything is constant, it is change. The tech industry is one that constantly grows and changes with the times. Take Amazon (AMZN Stock Report) for example. E-commerce empire aside, it has grown to become one of the largest tech companies on the market. It is a key player in the fields of cloud computing and streaming, both of which have brought many returns for the company. With such dynamic companies, it is not surprising why there is so much attention surrounding the industry.
With all this in mind, I can imagine that the tech industry has more room to grow moving forward. Likewise, there is always another innovation or new upgrade somewhere down the pipeline. This can make it hard to keep track of the latest movers in the market. As such, here is a list of the top tech stocks to watch this upcoming week.
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Best Tech Stocks To Watch In January 2021
Roku Inc. (ROKU Stock Report)
3D Systems Corporation (DDD Stock Report)
Stratasys Limited (SSYS Stock Report)
Top Tech Stocks To Watch This Week #1: Roku Inc
Streaming titan Roku (NASDAQ: ROKU) has seen its share prices rise by over 170% in the past year. It has become one of the top tech companies on the stock market now partly because of coronavirus tailwinds. With consumers spending more time binge-watching TV at home, this is no surprise. In fact, ROKU stock jumped by over 10% during yesterday’s trading session. Could this be a sign of what lies ahead for the company? Let’s take a closer look.
On January 6, Roku announced that it had surpassed 50 million active accounts by the end of 2020. Furthermore, the company also mentioned that an estimated 58.7 billion hours of content was streamed in 2020 which translates to a 55% year-over-year rise. CEO Anthony Wood said, “The world is moving to streaming and we look forward to continuing to help viewers, advertisers, content publishers, and TV manufacturers succeed in the Streaming Decade.” These figures impressed investors and analysts alike. Needham analyst Laura Martin upped her price target for ROKU stock from $315 to $400. Accordingly, the stock has seen upward movement closing in on that figure. Martin wrote, “What’s clear to us from 2020 is that ROKU has won the streaming wars in the US.” Roku seems confident moving forward, and investors appear to feel the same way as well.
In terms of financials, the company saw green across the board in its recent quarter fiscal posted in November. Roku saw year-over-year surges of 73% in total revenue and 171% in cash on hand. Moreover, CNN mentioned that Roku is in talks to buy content from mobile streaming company Quibi. It would be an understatement to say that the company is firing on all cylinders moving forward. Will ROKU stock see new highs in 2021? You tell me.
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Top Tech Stocks To Watch This Week #2: 3D Systems Corporation
Another top tech stock to consider now is 3D (NYSE: DDD). It is a South Carolina-based company that works with 3D printers along with related products and services. To point out, DDD stock more than doubled in price over yesterday’s trading session. However, it has taken a breather this morning, falling over 11% in premarket trading. You may be curious as to what could have riled up investors that much.
Yesterday, 3D revealed that it had sold off two non-essential software businesses for the sum of $64 million. Adding to that, it also gave investors a preview of its fourth-quarter revenue which overshot current expectations. We’re looking at numbers between $170 million to $176 million. Other pieces of good news include the repayment of all outstanding debts and termination of its ‘at-the-market’ equity offering program. With these out of the way, I can see why investors were so eager to jump on DDD stock. CEO Dr. Jeffrey Graves summed it up, “Having surpassed our prior year, pre-COVID revenue performance in Q4, and with continued strong focus on operational execution, we are excited about the trajectory we are on as we enter the new year.”
For one thing, 3D seems to be recovering well from pandemic-related impacts. Its current top-line projections for its fourth-quarter revenue indicate a 30% quarter-over-quarter increase. Regardless, here is what Graves had to say in the recent quarter fiscal, “While the challenges of the pandemic persist, we were pleased to deliver strong sequential quarterly growth in both our Healthcare and Industrial businesses of approximately 20%, as markets incrementally opened around the world.” Given all of this, do you think DDD stocks are worth watching this month?
[Read More] Top Cryptocurrency Stocks To Buy This Month? 2 Up Over 200%+ In 2020
Top Tech Stocks To Watch This Week #3: Stratasys Limited
Third, we have Stratasys (NASDAQ: SSYS). Similar to our previous entry, Stratasys manufactures 3D printers and 3D production systems. These are mainly used for office-based rapid prototyping and direct digital manufacturing solutions. Yesterday, SSYS stock soared over 38% at the closing bell. This lines up with its recent acquisition of 3D printing start-up Origin.
Through the agreement, it will acquire Origin in a cash-and-stock deal worth $100 million. In theory, Origin’s proprietary resin-based printing technology would synergize well with Stratasys’s 3D printing infrastructure. Aside from that, Origin’s software-centric solutions would help Stratasys gain a competitive edge in the 3D-printed market overall. This arrangement is estimated to generate incremental annual revenues of about $200 million within the next five years. Seeing as Stratasys is bolstering its portfolio now, we could be looking at interesting times ahead for SSYS stock.
In its third-quarter fiscal reported last November, the company brought in total revenue of $127 million. Additionally, it ended the quarter with $252 million. All things considered, the company saw sequential improvement over the quarter despite the pandemic affecting business. CEO Yoav Zeif said, “We are laser-focused on leading the polymer 3D printing market by delivering the most innovative, next-gen technologies to address the fastest-growing and most transformative manufacturing applications while leveraging the strongest go-to-market infrastructure in our industry. We believe that our innovations of today will drive competitive production advantages for the factories of tomorrow, resulting in growth and value creation for our customers and shareholders.” In light of all this, will you be adding SSYS stock to your watchlist?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Best Tech Stocks To Watch In January 2021 Roku Inc. (ROKU Stock Report) 3D Systems Corporation (DDD Stock Report) Stratasys Limited (SSYS Stock Report) Top Tech Stocks To Watch This Week #1: Roku Inc Streaming titan Roku (NASDAQ: ROKU) has seen its share prices rise by over 170% in the past year. Top Tech Stocks To Watch This Week #2: 3D Systems Corporation Another top tech stock to consider now is 3D (NYSE: DDD). To point out, DDD stock more than doubled in price over yesterday’s trading session.
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Best Tech Stocks To Watch In January 2021 Roku Inc. (ROKU Stock Report) 3D Systems Corporation (DDD Stock Report) Stratasys Limited (SSYS Stock Report) Top Tech Stocks To Watch This Week #1: Roku Inc Streaming titan Roku (NASDAQ: ROKU) has seen its share prices rise by over 170% in the past year. Top Tech Stocks To Watch This Week #2: 3D Systems Corporation Another top tech stock to consider now is 3D (NYSE: DDD). To point out, DDD stock more than doubled in price over yesterday’s trading session.
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Best Tech Stocks To Watch In January 2021 Roku Inc. (ROKU Stock Report) 3D Systems Corporation (DDD Stock Report) Stratasys Limited (SSYS Stock Report) Top Tech Stocks To Watch This Week #1: Roku Inc Streaming titan Roku (NASDAQ: ROKU) has seen its share prices rise by over 170% in the past year. Top Tech Stocks To Watch This Week #2: 3D Systems Corporation Another top tech stock to consider now is 3D (NYSE: DDD). To point out, DDD stock more than doubled in price over yesterday’s trading session.
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Best Tech Stocks To Watch In January 2021 Roku Inc. (ROKU Stock Report) 3D Systems Corporation (DDD Stock Report) Stratasys Limited (SSYS Stock Report) Top Tech Stocks To Watch This Week #1: Roku Inc Streaming titan Roku (NASDAQ: ROKU) has seen its share prices rise by over 170% in the past year. Top Tech Stocks To Watch This Week #2: 3D Systems Corporation Another top tech stock to consider now is 3D (NYSE: DDD). To point out, DDD stock more than doubled in price over yesterday’s trading session.
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2021-01-08 00:00:00 UTC
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Will the Stock Market's 2021 Returns Crush 2020's?
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DDD
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https://www.nasdaq.com/articles/will-the-stock-markets-2021-returns-crush-2020s-2021-01-09
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Stocks continued their 2021 ascent on Friday, with gains for all three of the major market indexes.
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all spent time in negative territory during the day, but a late-day push boosted them to set a trio of all-time records.
INDEX
PERCENTAGE CHANGE
POINT CHANGE
Dow Jones Industrial Average (DJINDICES: ^DJI)
0.18%
57
S&P 500 (SNPINDEX: ^GSPC)
0.55%
21
Nasdaq Composite (NASDAQINDEX: ^IXIC)
1.03%
135
Data source: Yahoo! Finance.
The strong Friday session finished an extremely healthy first week of the year for the stock market. Now, some optimistic investors are wondering whether 2021 could be an even better year for markets than 2020.
Weekly gains for markets
When you add up the performance for the week, the Nasdaq once again reigned supreme. All three benchmarks rose between 1.5% and 2.5% for the week, with the Dow lagging as it did throughout last year.
^DJI data by YCharts.
Obviously, if you project those returns out for a 52-week year, you can draw all sorts of crazy conclusions. Notwithstanding the immense positive momentum we saw in 2020, there's simply no way that the stock market is going to consistently rise as quickly as it did this week.
The good news, though, is that thus far, the rise for stocks has been extremely broad:
Some of last year's favorite stocks have kept up the pace in the new year. Crowd favorite hydrogen fuel-cell specialist Plug Power (NASDAQ: PLUG) has soared 57% in the first week of 2021, for example.
Other stocks in areas that aren't typically big performers have done well, too. Industrial stalwart U.S. Steel (NYSE: X) has picked up 32% to start off the year.
Marijuana stocks got a pick-me-up to start 2021, with election results stoking enthusiasm about the potential for federal decriminalization of cannabis. Cronos Group (NASDAQ: CRON) rose more than 30% this week, and other pot stocks had sizable gains.
Even some long-forgotten former highfliers got some of their mojo back this week. 3D Systems (NYSE: DDD) soared more than 125% as the company managed to sell off an ancillary business and said its sales for the quarter were far better than most had anticipated.
There's considerable excitement in the investing community. Whether that will translate into big gains beyond the first week of the year depends on several factors.
Image source: Getty Images.
Leaving 2020 behind
The most important question in 2021 will be whether companies bounce back fully from the economic disruptions of the COVID-19 pandemic. If the U.S. can effectively and promptly administer vaccines, then chances of controlling the coronavirus will improve, potentially setting up favorable comparisons for 2021 against pandemic-hit 2020 figures. However, if the vaccination program stalls and case counts remain high, then this year could be even worse than 2020.
In addition, investors should keep in mind that beating the market depends on which market you're talking about. The Dow was up less than 10% even after taking dividend income into consideration, the S&P almost doubled that gain with an 18% rise, and the Nasdaq soared almost 45% on a total return basis. It's more likely that we'll see 2021 returns in the teens than that we'll get another 40% to 50% jump.
Finally, despite last year's gains, many stocks are still sharply lower from where they were this time last year. For them, even getting back to even would be a huge accomplishment. Meanwhile, highfliers with huge gains last year might have built up high hopes, but just holding onto a high stock price would be a win for long-term investors.
2021 has gotten off to a strong start, but there will inevitably be bumps in the road along the way. Here's hoping that we all have a happy, healthy, and prosperous year, regardless of what the stock market does.
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Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) soared more than 125% as the company managed to sell off an ancillary business and said its sales for the quarter were far better than most had anticipated. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all spent time in negative territory during the day, but a late-day push boosted them to set a trio of all-time records. If the U.S. can effectively and promptly administer vaccines, then chances of controlling the coronavirus will improve, potentially setting up favorable comparisons for 2021 against pandemic-hit 2020 figures.
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3D Systems (NYSE: DDD) soared more than 125% as the company managed to sell off an ancillary business and said its sales for the quarter were far better than most had anticipated. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all spent time in negative territory during the day, but a late-day push boosted them to set a trio of all-time records. Dow Jones Industrial Average (DJINDICES: ^DJI) 0.18% 57
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3D Systems (NYSE: DDD) soared more than 125% as the company managed to sell off an ancillary business and said its sales for the quarter were far better than most had anticipated. The strong Friday session finished an extremely healthy first week of the year for the stock market. The good news, though, is that thus far, the rise for stocks has been extremely broad: Some of last year's favorite stocks have kept up the pace in the new year.
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3D Systems (NYSE: DDD) soared more than 125% as the company managed to sell off an ancillary business and said its sales for the quarter were far better than most had anticipated. 0.55% 21 Nasdaq Composite (NASDAQINDEX: ^IXIC) 1.03% 135 Data source: Yahoo! Weekly gains for markets When you add up the performance for the week, the Nasdaq once again reigned supreme.
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2021-01-08 00:00:00 UTC
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3D Systems Stock Is a Winner, But How Much Higher Can It Go?
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DDD
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https://www.nasdaq.com/articles/3d-systems-stock-is-a-winner-but-how-much-higher-can-it-go-2021-01-08
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It’s fair to say investors were pretty satisfied when on Thursday, 3D Systems (DDD) released 4Q20 preliminary results alongside some news of latest developments.
Shares more than doubled after the 3D printer maker said it expects Q4 revenue to come in between $170 million and $176 million, some distance above the $140 million analysts were estimating.
Non-gaap operating income is anticipated to meaningfully improve, too. The company expects it will be in the range of $11 million to $19 million compared to the $5.6 million earned in the same period last year.
3D Systems also said it has concluded the sale of non-core software businesses Cimatron and GibbsCAM for roughly $64 million, of which $21 million was used to pay down debt.
J.P. Morgan analyst Paul Coster calls the results “very encouraging.” The company has now delivered two consecutive quarters of 20% sequential growth, and Coster points out there could be “pent-up demand ahead relating to elective surgery and dental procedures, and industrial activity.”
However, while the uptick could be put down as simply a bounce back from the pandemic driven woes in last year’s first half, Coster sees a more specific reason for the rebound.
CEO Jeffrey Graves took over the reins in May, and the analyst notes how quickly the new appointment has made an impact.
“Dr. Graves has done a terrific job as new CEO,” Coster said. “He has right-sized, restructured, divested and overseen growth in very short order. We think he is taking a very pragmatic view of the role of 3D technology in manufacturing that should mean the company avoids the speculative and conceptual detours that have plagued other companies in this sector over the last few years.”
As a result, Coster upgraded DDD’s rating from Underweight (i.e. Sell) to Neutral (i.e. Hold), while boosting his price target to $14. However, following Thursday’s gravity defying gains, the figure now suggests shares will drop ~42%. (To watch Coster’s track record, click here)
All in all, the market’s current view on DDD is a mixed bag. The stock has a Hold analyst consensus rating based on 2 recent Buys and 3 Holds. Meanwhile, the $17.50 price target indicates there will be a sharp 30% pullback over the next 12 months. That said, it will be interesting to see, if following the latest positive developments, other analysts adjust their DDD models shortly. (See DDD stock analysis on TipRanks)
To find good ideas for growth stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It’s fair to say investors were pretty satisfied when on Thursday, 3D Systems (DDD) released 4Q20 preliminary results alongside some news of latest developments. (To watch Coster’s track record, click here) All in all, the market’s current view on DDD is a mixed bag. That said, it will be interesting to see, if following the latest positive developments, other analysts adjust their DDD models shortly.
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It’s fair to say investors were pretty satisfied when on Thursday, 3D Systems (DDD) released 4Q20 preliminary results alongside some news of latest developments. (See DDD stock analysis on TipRanks) To find good ideas for growth stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. We think he is taking a very pragmatic view of the role of 3D technology in manufacturing that should mean the company avoids the speculative and conceptual detours that have plagued other companies in this sector over the last few years.” As a result, Coster upgraded DDD’s rating from Underweight (i.e. Sell) to Neutral (i.e.
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(See DDD stock analysis on TipRanks) To find good ideas for growth stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. It’s fair to say investors were pretty satisfied when on Thursday, 3D Systems (DDD) released 4Q20 preliminary results alongside some news of latest developments. We think he is taking a very pragmatic view of the role of 3D technology in manufacturing that should mean the company avoids the speculative and conceptual detours that have plagued other companies in this sector over the last few years.” As a result, Coster upgraded DDD’s rating from Underweight (i.e. Sell) to Neutral (i.e.
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That said, it will be interesting to see, if following the latest positive developments, other analysts adjust their DDD models shortly. It’s fair to say investors were pretty satisfied when on Thursday, 3D Systems (DDD) released 4Q20 preliminary results alongside some news of latest developments. We think he is taking a very pragmatic view of the role of 3D technology in manufacturing that should mean the company avoids the speculative and conceptual detours that have plagued other companies in this sector over the last few years.” As a result, Coster upgraded DDD’s rating from Underweight (i.e. Sell) to Neutral (i.e.
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716693.0
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2021-01-08 00:00:00 UTC
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Friday Sector Leaders: Shipping, Application Software Stocks
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DDD
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https://www.nasdaq.com/articles/friday-sector-leaders%3A-shipping-application-software-stocks-2021-01-08
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nan
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In trading on Friday, shipping shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of Scorpio Bulkers, up about 12.8% and shares of Star Bulk Carriers up about 11.9% on the day.
Also showing relative strength are application software shares, up on the day by about 1.8% as a group, led by Future Fintech Group, trading higher by about 45.9% and 3D Systems, trading up by about 33.3% on Friday.
VIDEO: Friday Sector Leaders: Shipping, Application Software Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shipping shares were relative leaders, up on the day by about 2.9%. Also showing relative strength are application software shares, up on the day by about 1.8% as a group, led by Future Fintech Group, trading higher by about 45.9% and 3D Systems, trading up by about 33.3% on Friday. VIDEO: Friday Sector Leaders: Shipping, Application Software Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shipping shares were relative leaders, up on the day by about 2.9%. Also showing relative strength are application software shares, up on the day by about 1.8% as a group, led by Future Fintech Group, trading higher by about 45.9% and 3D Systems, trading up by about 33.3% on Friday. VIDEO: Friday Sector Leaders: Shipping, Application Software Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shipping shares were relative leaders, up on the day by about 2.9%. Also showing relative strength are application software shares, up on the day by about 1.8% as a group, led by Future Fintech Group, trading higher by about 45.9% and 3D Systems, trading up by about 33.3% on Friday. VIDEO: Friday Sector Leaders: Shipping, Application Software Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shipping shares were relative leaders, up on the day by about 2.9%. Leading the group were shares of Scorpio Bulkers, up about 12.8% and shares of Star Bulk Carriers up about 11.9% on the day. Also showing relative strength are application software shares, up on the day by about 1.8% as a group, led by Future Fintech Group, trading higher by about 45.9% and 3D Systems, trading up by about 33.3% on Friday.
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2021-01-08 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Lion Group, Newell Brands, Sensata Technologies
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-lion-group-newell-brands-sensata-technologies-2021-01-08
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Eikon search string for individual stock moves: STXBZ
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Wall Street's main indexes were set to scale new highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in labor market recovery. .N
At 8:49 a.m. ET, Dow e-minis 1YMc1 were up 0.28% at 31,029. S&P 500 e-minis ESc1 were up 0.36% at 3,809.25, while Nasdaq 100 e-minis NQc1 were up 0.62% at 13,008.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Banco de Chile , up 19.5% ** Sensata Technologies Holding PLC , up 16.5% ** Pine Island Acquisition Corp , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: ** Sos Ltd , down 6.5% ** Nomura Holdings Inc , down 6.2% ** 3D Systems Corp , down 5.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Lion Group Holding Ltd , up 136.5% ** Future Fintech Group Inc FTFT.O, up 57.7%
The top Nasdaq percentage losers premarket .PRPL.O: ** Sarepta Therapeutics Inc , down 50.1% ** KemPharm Inc , down 27.3% ** VPC Impact Acquisition Holdings VIH.O: up 56.6% premarket BUZZ-Gains on merger talks with Bakkt ** Merus NV MRUS.O: up 22.6% premarket BUZZ-Soars on FDA fast track tag for cancer treatment ** Micron Technology Inc MU.O: up 4.1% premarket BUZZ-Street View: Micron offers promise for semiconductors in 2021 ** CVS Health Corp CVS.N: up 1.6% premarket BUZZ-Jefferies sees vaccine agreement to boost earnings; upgrades ** F5 Networks Inc FFIV.O: up 7.9% premarket BUZZ-Up on Volterra acquisition, upbeat outlook ** Cerecor Inc CERC.O: down 4.8% premarket BUZZ-Falls, announces $36.4 mln share offering ** Tesla Inc TSLA.O: up 4.7% premarket BUZZ-Set for eleventh straight session of gains ** Newmont Corp NEM.N: down 2.2% premarket ** Barrick Gold Corp GOLD.N: down 2.3% premarket ** Yamana Gold Inc AUY.N: down 2.6% premarket ** Kirkland Lake Gold Ltd KL.N: down 2.8% premarket ** AngloGold Ashanti Ltd AU.N: down 2.4% premarket ** Harmony Gold Mining Company Ltd HMY.N: down 1.3% premarket ** Sibanye Stillwater Ltd SBSW.N: down 1.6% premarket
BUZZ-Gold miners: Down as bullion slips on strong dollar, rising yields ** Moderna Inc MRNA.O: up 1.6% premarket BUZZ-Up after UK gives emergency use nod to COVID-19 vaccine ** Uber Technologies Inc UBER.N: down 4.3% premarket BUZZ-Drops as Goldman shops big block ** Sarepta Therapeutics Inc SRPT.O: down 50.1% premarket BUZZ-Street View: Questions to persist for Sarepta after muscle disorder drug misses goal ** ReneSola Ltd SOL.N: up 10.1% premarket BUZZ-Rises on sale of projects in Hungary ** Boeing Co BA.N: up 0.3% premarket BUZZ-Brokerages see $2.5 bln fine a step towards resolution ** Sensata Technologies Holding PLC ST.N: up 16.5% premarket BUZZ-Rises on upbeat Q4 revenue forecast ** Sigma Labs Inc SGLB.O: down 1.2% premarket BUZZ-Slips on discounted offering ** Bionano Genomics Inc BNGO.O: down 18.8% premarket BUZZ-Falls on planned equity offering ** At Home Group Inc HOME.N: up 7.9% premarket BUZZ-Shares build on 2020 momentum as co raises Q4 sales forecast ** Newell Brands Inc NWL.O: up 3.4% premarket BUZZ-Hits 2-year high after BofA's upgrade ** Chimerix Inc CMRX.O: up 27.5% premarket BUZZ-Up after acquiring Oncoceutics for potential cancer drug ** Blink Charging Co BLNK.O: down 2.4% premarket BUZZ-Falls on $211.4 mln share offering ** DraftKings Inc DKNG.O: up 1.3% premarket BUZZ-Up on deal with Drone Racing League ** D.R. Horton Inc DHI.N: up 1.4% premarket BUZZ-D.R. Horton in better position to capture demand - RBC
(Compiled by Amruta Khandekar in Bengaluru)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to scale new highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in labor market recovery. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Banco de Chile , up 19.5% ** Sensata Technologies Holding PLC , up 16.5% ** Pine Island Acquisition Corp , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: ** Sos Ltd , down 6.5% ** Nomura Holdings Inc , down 6.2% ** 3D Systems Corp , down 5.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Lion Group Holding Ltd , up 136.5% ** Future Fintech Group Inc FTFT.O, up 57.7% The top Nasdaq percentage losers premarket .PRPL.O: ** Sarepta Therapeutics Inc , down 50.1% ** KemPharm Inc , down 27.3% ** VPC Impact Acquisition Holdings VIH.O: up 56.6% premarket BUZZ-Gains on merger talks with Bakkt ** Merus NV MRUS.O: up 22.6% premarket BUZZ-Soars on FDA fast track tag for cancer treatment ** Micron Technology Inc MU.O: up 4.1% premarket BUZZ-Street View: Micron offers promise for semiconductors in 2021 ** CVS Health Corp CVS.N: up 1.6% premarket BUZZ-Jefferies sees vaccine agreement to boost earnings; upgrades ** F5 Networks Inc FFIV.O: up 7.9% premarket BUZZ-Up on Volterra acquisition, upbeat outlook ** Cerecor Inc CERC.O: down 4.8% premarket BUZZ-Falls, announces $36.4 mln share offering ** Tesla Inc TSLA.O: up 4.7% premarket BUZZ-Set for eleventh straight session of gains ** Newmont Corp NEM.N: down 2.2% premarket ** Barrick Gold Corp GOLD.N: down 2.3% premarket ** Yamana Gold Inc AUY.N: down 2.6% premarket ** Kirkland Lake Gold Ltd KL.N: down 2.8% premarket ** AngloGold Ashanti Ltd AU.N: down 2.4% premarket ** Harmony Gold Mining Company Ltd HMY.N: down 1.3% premarket ** Sibanye Stillwater Ltd SBSW.N: down 1.6% premarket BUZZ-Gold miners: Down as bullion slips on strong dollar, rising yields ** Moderna Inc MRNA.O: up 1.6% premarket BUZZ-Up after UK gives emergency use nod to COVID-19 vaccine ** Uber Technologies Inc UBER.N: down 4.3% premarket BUZZ-Drops as Goldman shops big block ** Sarepta Therapeutics Inc SRPT.O: down 50.1% premarket BUZZ-Street View: Questions to persist for Sarepta after muscle disorder drug misses goal ** ReneSola Ltd SOL.N: up 10.1% premarket BUZZ-Rises on sale of projects in Hungary ** Boeing Co BA.N: up 0.3% premarket BUZZ-Brokerages see $2.5 bln fine a step towards resolution ** Sensata Technologies Holding PLC ST.N: up 16.5% premarket BUZZ-Rises on upbeat Q4 revenue forecast ** Sigma Labs Inc SGLB.O: down 1.2% premarket BUZZ-Slips on discounted offering ** Bionano Genomics Inc BNGO.O: down 18.8% premarket BUZZ-Falls on planned equity offering ** At Home Group Inc HOME.N: up 7.9% premarket BUZZ-Shares build on 2020 momentum as co raises Q4 sales forecast ** Newell Brands Inc NWL.O: up 3.4% premarket BUZZ-Hits 2-year high after BofA's upgrade ** Chimerix Inc CMRX.O: up 27.5% premarket BUZZ-Up after acquiring Oncoceutics for potential cancer drug ** Blink Charging Co BLNK.O: down 2.4% premarket BUZZ-Falls on $211.4 mln share offering ** DraftKings Inc DKNG.O: up 1.3% premarket BUZZ-Up on deal with Drone Racing League ** D.R. Horton in better position to capture demand - RBC (Compiled by Amruta Khandekar in Bengaluru) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to scale new highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in labor market recovery. S&P 500 e-minis ESc1 were up 0.36% at 3,809.25, while Nasdaq 100 e-minis NQc1 were up 0.62% at 13,008.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Banco de Chile , up 19.5% ** Sensata Technologies Holding PLC , up 16.5% ** Pine Island Acquisition Corp , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: ** Sos Ltd , down 6.5% ** Nomura Holdings Inc , down 6.2% ** 3D Systems Corp , down 5.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Lion Group Holding Ltd , up 136.5% ** Future Fintech Group Inc FTFT.O, up 57.7% The top Nasdaq percentage losers premarket .PRPL.O: ** Sarepta Therapeutics Inc , down 50.1% ** KemPharm Inc , down 27.3% ** VPC Impact Acquisition Holdings VIH.O: up 56.6% premarket BUZZ-Gains on merger talks with Bakkt ** Merus NV MRUS.O: up 22.6% premarket BUZZ-Soars on FDA fast track tag for cancer treatment ** Micron Technology Inc MU.O: up 4.1% premarket BUZZ-Street View: Micron offers promise for semiconductors in 2021 ** CVS Health Corp CVS.N: up 1.6% premarket BUZZ-Jefferies sees vaccine agreement to boost earnings; upgrades ** F5 Networks Inc FFIV.O: up 7.9% premarket BUZZ-Up on Volterra acquisition, upbeat outlook ** Cerecor Inc CERC.O: down 4.8% premarket BUZZ-Falls, announces $36.4 mln share offering ** Tesla Inc TSLA.O: up 4.7% premarket BUZZ-Set for eleventh straight session of gains ** Newmont Corp NEM.N: down 2.2% premarket ** Barrick Gold Corp GOLD.N: down 2.3% premarket ** Yamana Gold Inc AUY.N: down 2.6% premarket ** Kirkland Lake Gold Ltd KL.N: down 2.8% premarket ** AngloGold Ashanti Ltd AU.N: down 2.4% premarket ** Harmony Gold Mining Company Ltd HMY.N: down 1.3% premarket ** Sibanye Stillwater Ltd SBSW.N: down 1.6% premarket BUZZ-Gold miners: Down as bullion slips on strong dollar, rising yields ** Moderna Inc MRNA.O: up 1.6% premarket BUZZ-Up after UK gives emergency use nod to COVID-19 vaccine ** Uber Technologies Inc UBER.N: down 4.3% premarket BUZZ-Drops as Goldman shops big block ** Sarepta Therapeutics Inc SRPT.O: down 50.1% premarket BUZZ-Street View: Questions to persist for Sarepta after muscle disorder drug misses goal ** ReneSola Ltd SOL.N: up 10.1% premarket BUZZ-Rises on sale of projects in Hungary ** Boeing Co BA.N: up 0.3% premarket BUZZ-Brokerages see $2.5 bln fine a step towards resolution ** Sensata Technologies Holding PLC ST.N: up 16.5% premarket BUZZ-Rises on upbeat Q4 revenue forecast ** Sigma Labs Inc SGLB.O: down 1.2% premarket BUZZ-Slips on discounted offering ** Bionano Genomics Inc BNGO.O: down 18.8% premarket BUZZ-Falls on planned equity offering ** At Home Group Inc HOME.N: up 7.9% premarket BUZZ-Shares build on 2020 momentum as co raises Q4 sales forecast ** Newell Brands Inc NWL.O: up 3.4% premarket BUZZ-Hits 2-year high after BofA's upgrade ** Chimerix Inc CMRX.O: up 27.5% premarket BUZZ-Up after acquiring Oncoceutics for potential cancer drug ** Blink Charging Co BLNK.O: down 2.4% premarket BUZZ-Falls on $211.4 mln share offering ** DraftKings Inc DKNG.O: up 1.3% premarket BUZZ-Up on deal with Drone Racing League ** D.R.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to scale new highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in labor market recovery. S&P 500 e-minis ESc1 were up 0.36% at 3,809.25, while Nasdaq 100 e-minis NQc1 were up 0.62% at 13,008.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Banco de Chile , up 19.5% ** Sensata Technologies Holding PLC , up 16.5% ** Pine Island Acquisition Corp , up 11.9% The top three NYSE percentage losers premarket .PRPL.NQ: ** Sos Ltd , down 6.5% ** Nomura Holdings Inc , down 6.2% ** 3D Systems Corp , down 5.5% The top Nasdaq percentage gainers premarket .PRPG.O: ** Lion Group Holding Ltd , up 136.5% ** Future Fintech Group Inc FTFT.O, up 57.7% The top Nasdaq percentage losers premarket .PRPL.O: ** Sarepta Therapeutics Inc , down 50.1% ** KemPharm Inc , down 27.3% ** VPC Impact Acquisition Holdings VIH.O: up 56.6% premarket BUZZ-Gains on merger talks with Bakkt ** Merus NV MRUS.O: up 22.6% premarket BUZZ-Soars on FDA fast track tag for cancer treatment ** Micron Technology Inc MU.O: up 4.1% premarket BUZZ-Street View: Micron offers promise for semiconductors in 2021 ** CVS Health Corp CVS.N: up 1.6% premarket BUZZ-Jefferies sees vaccine agreement to boost earnings; upgrades ** F5 Networks Inc FFIV.O: up 7.9% premarket BUZZ-Up on Volterra acquisition, upbeat outlook ** Cerecor Inc CERC.O: down 4.8% premarket BUZZ-Falls, announces $36.4 mln share offering ** Tesla Inc TSLA.O: up 4.7% premarket BUZZ-Set for eleventh straight session of gains ** Newmont Corp NEM.N: down 2.2% premarket ** Barrick Gold Corp GOLD.N: down 2.3% premarket ** Yamana Gold Inc AUY.N: down 2.6% premarket ** Kirkland Lake Gold Ltd KL.N: down 2.8% premarket ** AngloGold Ashanti Ltd AU.N: down 2.4% premarket ** Harmony Gold Mining Company Ltd HMY.N: down 1.3% premarket ** Sibanye Stillwater Ltd SBSW.N: down 1.6% premarket BUZZ-Gold miners: Down as bullion slips on strong dollar, rising yields ** Moderna Inc MRNA.O: up 1.6% premarket BUZZ-Up after UK gives emergency use nod to COVID-19 vaccine ** Uber Technologies Inc UBER.N: down 4.3% premarket BUZZ-Drops as Goldman shops big block ** Sarepta Therapeutics Inc SRPT.O: down 50.1% premarket BUZZ-Street View: Questions to persist for Sarepta after muscle disorder drug misses goal ** ReneSola Ltd SOL.N: up 10.1% premarket BUZZ-Rises on sale of projects in Hungary ** Boeing Co BA.N: up 0.3% premarket BUZZ-Brokerages see $2.5 bln fine a step towards resolution ** Sensata Technologies Holding PLC ST.N: up 16.5% premarket BUZZ-Rises on upbeat Q4 revenue forecast ** Sigma Labs Inc SGLB.O: down 1.2% premarket BUZZ-Slips on discounted offering ** Bionano Genomics Inc BNGO.O: down 18.8% premarket BUZZ-Falls on planned equity offering ** At Home Group Inc HOME.N: up 7.9% premarket BUZZ-Shares build on 2020 momentum as co raises Q4 sales forecast ** Newell Brands Inc NWL.O: up 3.4% premarket BUZZ-Hits 2-year high after BofA's upgrade ** Chimerix Inc CMRX.O: up 27.5% premarket BUZZ-Up after acquiring Oncoceutics for potential cancer drug ** Blink Charging Co BLNK.O: down 2.4% premarket BUZZ-Falls on $211.4 mln share offering ** DraftKings Inc DKNG.O: up 1.3% premarket BUZZ-Up on deal with Drone Racing League ** D.R.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to scale new highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in labor market recovery. ET, Dow e-minis 1YMc1 were up 0.28% at 31,029. Horton Inc DHI.N: up 1.4% premarket BUZZ-D.R.
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57d4a4de-3e2f-4131-9094-5f41471b0bb8
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716695.0
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2021-01-07 00:00:00 UTC
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Why Proto Labs Stock Popped 13% Today
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DDD
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https://www.nasdaq.com/articles/why-proto-labs-stock-popped-13-today-2021-01-07
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nan
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nan
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What happened
Shares of 3D prototyping company Proto Labs (NYSE: PRLB) joined a broad rally among 3D printing stocks of all stripes Thursday, rushing ahead to close the day up 13%.
So what
In the absence of any other news, Proto Labs' share price strength appears to trace back directly to preliminary fourth-quarter earnings results published by 3D printer maker 3D Systems (NYSE: DDD) this morning.
In that announcement, 3D Systems noted that sales for the fiscal fourth quarter seem likely to land at least 21% higher than analysts had forecast. What's more, the company says it might finally break a string of quarterly financial losses that has stretched back, uninterrupted, for four straight years.
A 3D printer. Image source: Getty Images.
Now what
So an announcement like that might make investors in other 3D printing stocks feel just a bit more optimistic about their own chances. And even if 3D Systems' good news doesn't spread to other stocks in the sector, here's another reason for optimism:
Unlike 3D Systems, Proto Labs itself has been profitable for every year of its existence as a publicly traded company. And that's an even better reason to like the stock than anything 3D Systems might have to say.
10 stocks we like better than Proto Labs
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So what In the absence of any other news, Proto Labs' share price strength appears to trace back directly to preliminary fourth-quarter earnings results published by 3D printer maker 3D Systems (NYSE: DDD) this morning. What happened Shares of 3D prototyping company Proto Labs (NYSE: PRLB) joined a broad rally among 3D printing stocks of all stripes Thursday, rushing ahead to close the day up 13%. What's more, the company says it might finally break a string of quarterly financial losses that has stretched back, uninterrupted, for four straight years.
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So what In the absence of any other news, Proto Labs' share price strength appears to trace back directly to preliminary fourth-quarter earnings results published by 3D printer maker 3D Systems (NYSE: DDD) this morning. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool owns shares of and recommends Proto Labs.
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So what In the absence of any other news, Proto Labs' share price strength appears to trace back directly to preliminary fourth-quarter earnings results published by 3D printer maker 3D Systems (NYSE: DDD) this morning. And even if 3D Systems' good news doesn't spread to other stocks in the sector, here's another reason for optimism: Unlike 3D Systems, Proto Labs itself has been profitable for every year of its existence as a publicly traded company. 10 stocks we like better than Proto Labs When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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So what In the absence of any other news, Proto Labs' share price strength appears to trace back directly to preliminary fourth-quarter earnings results published by 3D printer maker 3D Systems (NYSE: DDD) this morning. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! The Motley Fool owns shares of and recommends Proto Labs.
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b0f15e8f-1d00-4006-9bca-c9d8968a167e
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716696.0
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2021-01-07 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Oxford Immunotec, Baidu, Xunlei
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-oxford-immunotec-baidu-xunlei-2021-01-07
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street hit record levels on Thursday as market participants bet on more pandemic aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep downturn. .N
At 11:03 a.m. ET, the Dow Jones Industrial Average .DJI was up 1.13% at 31,176.51. The S&P 500 .SPX was up 1.62% at 3,808.77 and the Nasdaq Composite .IXIC was up 2.28% at 13,031.762. The top three S&P 500 .PG.INX percentage gainers: ** Enphase Energy Inc ENPH.O, up 8.4% ** DXC Technology Co DXC.N, up 7.8% ** Walgreens Boots Alliance Inc WBA.O, up 6.9% The top three S&P 500 .PL.INX percentage losers: ** 3M Co MMM.N, down 3% ** Healthpeak Properties Inc PEAK.N, down 2.9% ** Ventas Inc VTR.N, down 2.6% The top three NYSE .PG.N percentage gainers: ** Sos Ltd SOS.N, up 83.1% ** 3D Systems Corp DDD.N, up 65.4% ** Social Capital Hedosophia Holdings Corp V IPOE.N, up 25.4% The top NYSE .PL.N percentage losers: ** Universal Security Instruments Inc UUU.N, down 18% ** China Telecom Corp Ltd CHA.N, down 14.2% The top Nasdaq .PG.O percentage gainers: ** Future Fintech Group Inc FTFT.O, up 95.1% ** Xunlei Ltd XNET.O, up 64.4% The top three Nasdaq .PL.O percentage losers: ** Digital Ally Inc DGLY.O, down 27% ** Urban One Inc UONE.O, down 21.4% ** Addex Therapeutics Ltd ADXN.O, down 21.1% ** SPAR Group Ltd SGRP.O: up 5.2%
BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 12.6%
BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 5.7%
BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 24.1%
BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 31.6%
BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 18.3% ** Canopy Growth Corp CGC.O: up 4.9% ** Aphria Inc APHA.O: up 11.4%
** Cronos Group Inc CRON.O: up 8.2% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 2.7% ** Tilray Inc TLRY.O: up 14.9%
BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 4.3%
BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 6.1% ** Canadian Solar Inc CSIQ.O: up 6.9% ** First Solar Inc FSLR.O: up 7.4% ** Enphase Energy Inc ENPH.O: up 8.4% ** Sunrun Inc RUN.O: up 7.7% ** SunPower Corp SPWR.O: up 8.7% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 24.1%
BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.7% ** Bank of America Corp BAC.N: up 3.7% ** Wells Fargo & Co WFC.N: up 4.1% ** Citigroup Inc C.N: up 3.4% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: up 0.1%
BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 7.8%
BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.O: up 8.2%
BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 5.2%
BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0%
BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 3.8%
BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 6.9%
BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.7%
BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 5.7%
BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 2.6%
BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 6.6%
BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.2%
BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.9%
BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 37.4%
BUZZ-Rises on adjuvant deal with Adjuvance Technologies ** National Instruments Corp NATI.O: up 4.0%
BUZZ-Up on upbeat Q4 revenue forecast ** Southern Copper Corp SCCO.N: up 2.2% ** Freeport-McMoran Inc FCX.N: up 3.6%
BUZZ-Copper stocks up as metal climbs to 2013 peak ** Methanex Corp MEOH.O: up 0.3%
BUZZ-Up on plans to restructure Trinidad operations ** Medical Properties Trust Inc MPW.N: down 2.7%
BUZZ-Falls on $618 mln share offering ** Urban One Inc UONEK.O: down 18.7%
BUZZ-Tumbles after downbeat FY forecast, $825 mln notes offering ** Baidu Inc BIDU.O: up 2.2%
BUZZ-Rises on report of venturing into making EVs
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 1.22%
Consumer Discretionary
.SPLRCD
up 1.83%
Consumer Staples
.SPLRCS
up 0.02%
Energy
.SPNY
up 2.08%
Financial
.SPSY
up 2.39%
Health
.SPXHC
up 1.19%
Industrial
.SPLRCI
up 0.88%
Information Technology
.SPLRCT
up 2.49%
Materials
.SPLRCM
up 1.29%
Real Estate
.SPLRCR
down 0.03%
Utilities
.SPLRCU
down 0.18%
(Compiled by Amruta Khandekar in Bengaluru)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Enphase Energy Inc ENPH.O, up 8.4% ** DXC Technology Co DXC.N, up 7.8% ** Walgreens Boots Alliance Inc WBA.O, up 6.9% The top three S&P 500 .PL.INX percentage losers: ** 3M Co MMM.N, down 3% ** Healthpeak Properties Inc PEAK.N, down 2.9% ** Ventas Inc VTR.N, down 2.6% The top three NYSE .PG.N percentage gainers: ** Sos Ltd SOS.N, up 83.1% ** 3D Systems Corp DDD.N, up 65.4% ** Social Capital Hedosophia Holdings Corp V IPOE.N, up 25.4% The top NYSE .PL.N percentage losers: ** Universal Security Instruments Inc UUU.N, down 18% ** China Telecom Corp Ltd CHA.N, down 14.2% The top Nasdaq .PG.O percentage gainers: ** Future Fintech Group Inc FTFT.O, up 95.1% ** Xunlei Ltd XNET.O, up 64.4% The top three Nasdaq .PL.O percentage losers: ** Digital Ally Inc DGLY.O, down 27% ** Urban One Inc UONE.O, down 21.4% ** Addex Therapeutics Ltd ADXN.O, down 21.1% ** SPAR Group Ltd SGRP.O: up 5.2% BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 12.6% BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 5.7% BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 24.1% BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 31.6% BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 18.3% ** Canopy Growth Corp CGC.O: up 4.9% ** Aphria Inc APHA.O: up 11.4% ** Cronos Group Inc CRON.O: up 8.2% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 2.7% ** Tilray Inc TLRY.O: up 14.9% BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 4.3% BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 6.1% ** Canadian Solar Inc CSIQ.O: up 6.9% ** First Solar Inc FSLR.O: up 7.4% ** Enphase Energy Inc ENPH.O: up 8.4% ** Sunrun Inc RUN.O: up 7.7% ** SunPower Corp SPWR.O: up 8.7% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 24.1% BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.7% ** Bank of America Corp BAC.N: up 3.7% ** Wells Fargo & Co WFC.N: up 4.1% ** Citigroup Inc C.N: up 3.4% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: up 0.1% BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 7.8% BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.O: up 8.2% BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 5.2% BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0% BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 3.8% BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 6.9% BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.7% BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 5.7% BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 2.6% BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 6.6% BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.2% BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.9% BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 37.4% BUZZ-Rises on adjuvant deal with Adjuvance Technologies ** National Instruments Corp NATI.O: up 4.0% BUZZ-Up on upbeat Q4 revenue forecast ** Southern Copper Corp SCCO.N: up 2.2% ** Freeport-McMoran Inc FCX.N: up 3.6% BUZZ-Copper stocks up as metal climbs to 2013 peak ** Methanex Corp MEOH.O: up 0.3% BUZZ-Up on plans to restructure Trinidad operations ** Medical Properties Trust Inc MPW.N: down 2.7% BUZZ-Falls on $618 mln share offering ** Urban One Inc UONEK.O: down 18.7% BUZZ-Tumbles after downbeat FY forecast, $825 mln notes offering ** Baidu Inc BIDU.O: up 2.2% BUZZ-Rises on report of venturing into making EVs The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street hit record levels on Thursday as market participants bet on more pandemic aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep downturn. down 0.18% (Compiled by Amruta Khandekar in Bengaluru) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Enphase Energy Inc ENPH.O, up 8.4% ** DXC Technology Co DXC.N, up 7.8% ** Walgreens Boots Alliance Inc WBA.O, up 6.9% The top three S&P 500 .PL.INX percentage losers: ** 3M Co MMM.N, down 3% ** Healthpeak Properties Inc PEAK.N, down 2.9% ** Ventas Inc VTR.N, down 2.6% The top three NYSE .PG.N percentage gainers: ** Sos Ltd SOS.N, up 83.1% ** 3D Systems Corp DDD.N, up 65.4% ** Social Capital Hedosophia Holdings Corp V IPOE.N, up 25.4% The top NYSE .PL.N percentage losers: ** Universal Security Instruments Inc UUU.N, down 18% ** China Telecom Corp Ltd CHA.N, down 14.2% The top Nasdaq .PG.O percentage gainers: ** Future Fintech Group Inc FTFT.O, up 95.1% ** Xunlei Ltd XNET.O, up 64.4% The top three Nasdaq .PL.O percentage losers: ** Digital Ally Inc DGLY.O, down 27% ** Urban One Inc UONE.O, down 21.4% ** Addex Therapeutics Ltd ADXN.O, down 21.1% ** SPAR Group Ltd SGRP.O: up 5.2% BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 12.6% BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 5.7% BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 24.1% BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 31.6% BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 18.3% ** Canopy Growth Corp CGC.O: up 4.9% ** Aphria Inc APHA.O: up 11.4% ** Cronos Group Inc CRON.O: up 8.2% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 2.7% ** Tilray Inc TLRY.O: up 14.9% BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 4.3% BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 6.1% ** Canadian Solar Inc CSIQ.O: up 6.9% ** First Solar Inc FSLR.O: up 7.4% ** Enphase Energy Inc ENPH.O: up 8.4% ** Sunrun Inc RUN.O: up 7.7% ** SunPower Corp SPWR.O: up 8.7% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 24.1% BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.7% ** Bank of America Corp BAC.N: up 3.7% ** Wells Fargo & Co WFC.N: up 4.1% ** Citigroup Inc C.N: up 3.4% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: up 0.1% BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 7.8% BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.O: up 8.2% BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 5.2% BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0% BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 3.8% BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 6.9% BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.7% BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 5.7% BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 2.6% BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 6.6% BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.2% BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.9% BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 37.4% BUZZ-Rises on adjuvant deal with Adjuvance Technologies ** National Instruments Corp NATI.O: up 4.0% BUZZ-Up on upbeat Q4 revenue forecast ** Southern Copper Corp SCCO.N: up 2.2% ** Freeport-McMoran Inc FCX.N: up 3.6% BUZZ-Copper stocks up as metal climbs to 2013 peak ** Methanex Corp MEOH.O: up 0.3% BUZZ-Up on plans to restructure Trinidad operations ** Medical Properties Trust Inc MPW.N: down 2.7% BUZZ-Falls on $618 mln share offering ** Urban One Inc UONEK.O: down 18.7% BUZZ-Tumbles after downbeat FY forecast, $825 mln notes offering ** Baidu Inc BIDU.O: up 2.2% BUZZ-Rises on report of venturing into making EVs The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street hit record levels on Thursday as market participants bet on more pandemic aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep downturn. down 0.18% (Compiled by Amruta Khandekar in Bengaluru) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Enphase Energy Inc ENPH.O, up 8.4% ** DXC Technology Co DXC.N, up 7.8% ** Walgreens Boots Alliance Inc WBA.O, up 6.9% The top three S&P 500 .PL.INX percentage losers: ** 3M Co MMM.N, down 3% ** Healthpeak Properties Inc PEAK.N, down 2.9% ** Ventas Inc VTR.N, down 2.6% The top three NYSE .PG.N percentage gainers: ** Sos Ltd SOS.N, up 83.1% ** 3D Systems Corp DDD.N, up 65.4% ** Social Capital Hedosophia Holdings Corp V IPOE.N, up 25.4% The top NYSE .PL.N percentage losers: ** Universal Security Instruments Inc UUU.N, down 18% ** China Telecom Corp Ltd CHA.N, down 14.2% The top Nasdaq .PG.O percentage gainers: ** Future Fintech Group Inc FTFT.O, up 95.1% ** Xunlei Ltd XNET.O, up 64.4% The top three Nasdaq .PL.O percentage losers: ** Digital Ally Inc DGLY.O, down 27% ** Urban One Inc UONE.O, down 21.4% ** Addex Therapeutics Ltd ADXN.O, down 21.1% ** SPAR Group Ltd SGRP.O: up 5.2% BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 12.6% BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 5.7% BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 24.1% BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 31.6% BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 18.3% ** Canopy Growth Corp CGC.O: up 4.9% ** Aphria Inc APHA.O: up 11.4% ** Cronos Group Inc CRON.O: up 8.2% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 2.7% ** Tilray Inc TLRY.O: up 14.9% BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 4.3% BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 6.1% ** Canadian Solar Inc CSIQ.O: up 6.9% ** First Solar Inc FSLR.O: up 7.4% ** Enphase Energy Inc ENPH.O: up 8.4% ** Sunrun Inc RUN.O: up 7.7% ** SunPower Corp SPWR.O: up 8.7% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 24.1% BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.7% ** Bank of America Corp BAC.N: up 3.7% ** Wells Fargo & Co WFC.N: up 4.1% ** Citigroup Inc C.N: up 3.4% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: up 0.1% BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 7.8% BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.O: up 8.2% BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 5.2% BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0% BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 3.8% BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 6.9% BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.7% BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 5.7% BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 2.6% BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 6.6% BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.2% BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.9% BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 37.4% BUZZ-Rises on adjuvant deal with Adjuvance Technologies ** National Instruments Corp NATI.O: up 4.0% BUZZ-Up on upbeat Q4 revenue forecast ** Southern Copper Corp SCCO.N: up 2.2% ** Freeport-McMoran Inc FCX.N: up 3.6% BUZZ-Copper stocks up as metal climbs to 2013 peak ** Methanex Corp MEOH.O: up 0.3% BUZZ-Up on plans to restructure Trinidad operations ** Medical Properties Trust Inc MPW.N: down 2.7% BUZZ-Falls on $618 mln share offering ** Urban One Inc UONEK.O: down 18.7% BUZZ-Tumbles after downbeat FY forecast, $825 mln notes offering ** Baidu Inc BIDU.O: up 2.2% BUZZ-Rises on report of venturing into making EVs The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 1.13% at 31,176.51. up 1.22% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Enphase Energy Inc ENPH.O, up 8.4% ** DXC Technology Co DXC.N, up 7.8% ** Walgreens Boots Alliance Inc WBA.O, up 6.9% The top three S&P 500 .PL.INX percentage losers: ** 3M Co MMM.N, down 3% ** Healthpeak Properties Inc PEAK.N, down 2.9% ** Ventas Inc VTR.N, down 2.6% The top three NYSE .PG.N percentage gainers: ** Sos Ltd SOS.N, up 83.1% ** 3D Systems Corp DDD.N, up 65.4% ** Social Capital Hedosophia Holdings Corp V IPOE.N, up 25.4% The top NYSE .PL.N percentage losers: ** Universal Security Instruments Inc UUU.N, down 18% ** China Telecom Corp Ltd CHA.N, down 14.2% The top Nasdaq .PG.O percentage gainers: ** Future Fintech Group Inc FTFT.O, up 95.1% ** Xunlei Ltd XNET.O, up 64.4% The top three Nasdaq .PL.O percentage losers: ** Digital Ally Inc DGLY.O, down 27% ** Urban One Inc UONE.O, down 21.4% ** Addex Therapeutics Ltd ADXN.O, down 21.1% ** SPAR Group Ltd SGRP.O: up 5.2% BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 12.6% BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 5.7% BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 24.1% BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 31.6% BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 18.3% ** Canopy Growth Corp CGC.O: up 4.9% ** Aphria Inc APHA.O: up 11.4% ** Cronos Group Inc CRON.O: up 8.2% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 2.7% ** Tilray Inc TLRY.O: up 14.9% BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 4.3% BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 6.1% ** Canadian Solar Inc CSIQ.O: up 6.9% ** First Solar Inc FSLR.O: up 7.4% ** Enphase Energy Inc ENPH.O: up 8.4% ** Sunrun Inc RUN.O: up 7.7% ** SunPower Corp SPWR.O: up 8.7% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 24.1% BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.7% ** Bank of America Corp BAC.N: up 3.7% ** Wells Fargo & Co WFC.N: up 4.1% ** Citigroup Inc C.N: up 3.4% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: up 0.1% BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 7.8% BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.O: up 8.2% BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 5.2% BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0% BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 3.8% BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 6.9% BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.7% BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 5.7% BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 2.6% BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 6.6% BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.2% BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.9% BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 37.4% BUZZ-Rises on adjuvant deal with Adjuvance Technologies ** National Instruments Corp NATI.O: up 4.0% BUZZ-Up on upbeat Q4 revenue forecast ** Southern Copper Corp SCCO.N: up 2.2% ** Freeport-McMoran Inc FCX.N: up 3.6% BUZZ-Copper stocks up as metal climbs to 2013 peak ** Methanex Corp MEOH.O: up 0.3% BUZZ-Up on plans to restructure Trinidad operations ** Medical Properties Trust Inc MPW.N: down 2.7% BUZZ-Falls on $618 mln share offering ** Urban One Inc UONEK.O: down 18.7% BUZZ-Tumbles after downbeat FY forecast, $825 mln notes offering ** Baidu Inc BIDU.O: up 2.2% BUZZ-Rises on report of venturing into making EVs The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street hit record levels on Thursday as market participants bet on more pandemic aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep downturn. ET, the Dow Jones Industrial Average .DJI was up 1.13% at 31,176.51.
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b6acc80b-e91a-46fd-b6e8-03bcd27cb9ba
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716697.0
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2021-01-07 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Roku Inc, Oragenics Inc, Conagra Brands
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-roku-inc-oragenics-inc-conagra-brands-2021-01-07
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes opened higher on Thursday, with the S&P 500 and the Dow near record levels as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. .N
At 9:50 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.37% at 30,942.38. The S&P 500 .SPX was up 0.92% at 3,782.73 and the Nasdaq Composite .IXIC was up 1.47% at 12,928.213. The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Company , up 9.3% ** Constellation Brands Inc , up 6.1% ** Enphase Energy Inc , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Conagra Brands Inc , down 3.9% ** 3M Co , down 3.8% ** Fox Corp , down 2.3% The top NYSE .PG.N percentage gainers: ** Sos Ltd , up 115.7% ** 3D Systems Corp , up 30.1% The top three NYSE .PL.N percentage losers: ** China Telecom Corp Ltd , down 15.9% ** Concord Medical Services Holdings Ltd , down 12.4% ** China Unicom (Hong Kong) Ltd , down 12% The top Nasdaq .PG.O percentage gainers: ** The9 Limited , up 72.6% ** Future Fintech Group Inc , up 52.4% The top three Nasdaq .PL.O percentage losers: ** Urban One Inc , down 29.5% ** Digital Ally Inc , down 25.6% ** Addex Therapeutics Ltd , down 19.5% ** SPAR Group Ltd SGRP.O: up 12.2%
BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 14.6%
BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 3.9%
BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.2%
BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 24.6%
BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 11.4% ** Canopy Growth Corp CGC.O: up 6.7% ** Aphria Inc APHA.O: up 10.1%
** Cronos Group Inc CRON.O: up 7.3% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 6.0% ** Tilray Inc TLRY.O: up 16.6%
BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 3.3%
BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 2.2% ** Canadian Solar Inc CSIQ.O: up 3.9% ** First Solar Inc FSLR.O: up 4.6% ** Enphase Energy Inc ENPH.O: up 5.5% ** Sunrun Inc RUN.O: up 6.7% ** SunPower Corp SPWR.O: up 5.1% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 12.2%
BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.0% ** Bank of America Corp BAC.N: up 4.0% ** Wells Fargo & Co WFC.N: up 3.6% ** Citigroup Inc C.N: up 3.1% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: down 1.2%
BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 9.3%
BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.N: up 7.2%
BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 4.3%
BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0%
BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4%
BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 4.0%
BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 3.0%
BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.8%
BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 1.9%
BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 3.9%
BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.3%
BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.4%
BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 68.1%
BUZZ-Rises on adjuvant deal with Adjuvance Technologies
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 1.08%
Consumer Discretionary
.SPLRCD
up 1.20%
Consumer Staples
.SPLRCS
down 0.22%
Energy
.SPNY
up 1.18%
Financial
.SPSY
up 1.86%
Health
.SPXHC
up 0.47%
Industrial
.SPLRCI
down 0.09%
Information Technology
.SPLRCT
up 1.32%
Materials
.SPLRCM
up 0.89%
Real Estate
.SPLRCR
up 0.33%
Utilities
.SPLRCU
flat
(Compiled by Amruta Khandekar in Bengaluru)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened higher on Thursday, with the S&P 500 and the Dow near record levels as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Company , up 9.3% ** Constellation Brands Inc , up 6.1% ** Enphase Energy Inc , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Conagra Brands Inc , down 3.9% ** 3M Co , down 3.8% ** Fox Corp , down 2.3% The top NYSE .PG.N percentage gainers: ** Sos Ltd , up 115.7% ** 3D Systems Corp , up 30.1% The top three NYSE .PL.N percentage losers: ** China Telecom Corp Ltd , down 15.9% ** Concord Medical Services Holdings Ltd , down 12.4% ** China Unicom (Hong Kong) Ltd , down 12% The top Nasdaq .PG.O percentage gainers: ** The9 Limited , up 72.6% ** Future Fintech Group Inc , up 52.4% The top three Nasdaq .PL.O percentage losers: ** Urban One Inc , down 29.5% ** Digital Ally Inc , down 25.6% ** Addex Therapeutics Ltd , down 19.5% ** SPAR Group Ltd SGRP.O: up 12.2% BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 14.6% BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 3.9% BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.2% BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 24.6% BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 11.4% ** Canopy Growth Corp CGC.O: up 6.7% ** Aphria Inc APHA.O: up 10.1% ** Cronos Group Inc CRON.O: up 7.3% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 6.0% ** Tilray Inc TLRY.O: up 16.6% BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 3.3% BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 2.2% ** Canadian Solar Inc CSIQ.O: up 3.9% ** First Solar Inc FSLR.O: up 4.6% ** Enphase Energy Inc ENPH.O: up 5.5% ** Sunrun Inc RUN.O: up 6.7% ** SunPower Corp SPWR.O: up 5.1% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 12.2% BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.0% ** Bank of America Corp BAC.N: up 4.0% ** Wells Fargo & Co WFC.N: up 3.6% ** Citigroup Inc C.N: up 3.1% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: down 1.2% BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 9.3% BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.N: up 7.2% BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 4.3% BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0% BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4% BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 4.0% BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 3.0% BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.8% BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 1.9% BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 3.9% BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.3% BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.4% BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 68.1% BUZZ-Rises on adjuvant deal with Adjuvance Technologies The 11 major S&P 500 sectors: Communication Services flat (Compiled by Amruta Khandekar in Bengaluru) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened higher on Thursday, with the S&P 500 and the Dow near record levels as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. ET, the Dow Jones Industrial Average .DJI was up 0.37% at 30,942.38. The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Company , up 9.3% ** Constellation Brands Inc , up 6.1% ** Enphase Energy Inc , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Conagra Brands Inc , down 3.9% ** 3M Co , down 3.8% ** Fox Corp , down 2.3% The top NYSE .PG.N percentage gainers: ** Sos Ltd , up 115.7% ** 3D Systems Corp , up 30.1% The top three NYSE .PL.N percentage losers: ** China Telecom Corp Ltd , down 15.9% ** Concord Medical Services Holdings Ltd , down 12.4% ** China Unicom (Hong Kong) Ltd , down 12% The top Nasdaq .PG.O percentage gainers: ** The9 Limited , up 72.6% ** Future Fintech Group Inc , up 52.4% The top three Nasdaq .PL.O percentage losers: ** Urban One Inc , down 29.5% ** Digital Ally Inc , down 25.6% ** Addex Therapeutics Ltd , down 19.5% ** SPAR Group Ltd SGRP.O: up 12.2% BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 14.6% BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 3.9% BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.2% BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 24.6% BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 11.4% ** Canopy Growth Corp CGC.O: up 6.7% ** Aphria Inc APHA.O: up 10.1% ** Cronos Group Inc CRON.O: up 7.3% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 6.0% ** Tilray Inc TLRY.O: up 16.6% BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 3.3% BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 2.2% ** Canadian Solar Inc CSIQ.O: up 3.9% ** First Solar Inc FSLR.O: up 4.6% ** Enphase Energy Inc ENPH.O: up 5.5% ** Sunrun Inc RUN.O: up 6.7% ** SunPower Corp SPWR.O: up 5.1% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 12.2% BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.0% ** Bank of America Corp BAC.N: up 4.0% ** Wells Fargo & Co WFC.N: up 3.6% ** Citigroup Inc C.N: up 3.1% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: down 1.2% BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 9.3% BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.N: up 7.2% BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 4.3% BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0% BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4% BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 4.0% BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 3.0% BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.8% BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 1.9% BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 3.9% BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.3% BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.4% BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 68.1% BUZZ-Rises on adjuvant deal with Adjuvance Technologies The 11 major S&P 500 sectors: Communication Services
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened higher on Thursday, with the S&P 500 and the Dow near record levels as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Company , up 9.3% ** Constellation Brands Inc , up 6.1% ** Enphase Energy Inc , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Conagra Brands Inc , down 3.9% ** 3M Co , down 3.8% ** Fox Corp , down 2.3% The top NYSE .PG.N percentage gainers: ** Sos Ltd , up 115.7% ** 3D Systems Corp , up 30.1% The top three NYSE .PL.N percentage losers: ** China Telecom Corp Ltd , down 15.9% ** Concord Medical Services Holdings Ltd , down 12.4% ** China Unicom (Hong Kong) Ltd , down 12% The top Nasdaq .PG.O percentage gainers: ** The9 Limited , up 72.6% ** Future Fintech Group Inc , up 52.4% The top three Nasdaq .PL.O percentage losers: ** Urban One Inc , down 29.5% ** Digital Ally Inc , down 25.6% ** Addex Therapeutics Ltd , down 19.5% ** SPAR Group Ltd SGRP.O: up 12.2% BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 14.6% BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 3.9% BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.2% BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 24.6% BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 11.4% ** Canopy Growth Corp CGC.O: up 6.7% ** Aphria Inc APHA.O: up 10.1% ** Cronos Group Inc CRON.O: up 7.3% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 6.0% ** Tilray Inc TLRY.O: up 16.6% BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 3.3% BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 2.2% ** Canadian Solar Inc CSIQ.O: up 3.9% ** First Solar Inc FSLR.O: up 4.6% ** Enphase Energy Inc ENPH.O: up 5.5% ** Sunrun Inc RUN.O: up 6.7% ** SunPower Corp SPWR.O: up 5.1% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 12.2% BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.0% ** Bank of America Corp BAC.N: up 4.0% ** Wells Fargo & Co WFC.N: up 3.6% ** Citigroup Inc C.N: up 3.1% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: down 1.2% BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 9.3% BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.N: up 7.2% BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 4.3% BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0% BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4% BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 4.0% BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 3.0% BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.8% BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 1.9% BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 3.9% BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.3% BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.4% BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 68.1% BUZZ-Rises on adjuvant deal with Adjuvance Technologies The 11 major S&P 500 sectors: Communication Services up 1.08% Consumer Discretionary
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes opened higher on Thursday, with the S&P 500 and the Dow near record levels as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. ET, the Dow Jones Industrial Average .DJI was up 0.37% at 30,942.38. The top three S&P 500 .PG.INX percentage gainers: ** DXC Technology Company , up 9.3% ** Constellation Brands Inc , up 6.1% ** Enphase Energy Inc , up 5.5% The top three S&P 500 .PL.INX percentage losers: ** Conagra Brands Inc , down 3.9% ** 3M Co , down 3.8% ** Fox Corp , down 2.3% The top NYSE .PG.N percentage gainers: ** Sos Ltd , up 115.7% ** 3D Systems Corp , up 30.1% The top three NYSE .PL.N percentage losers: ** China Telecom Corp Ltd , down 15.9% ** Concord Medical Services Holdings Ltd , down 12.4% ** China Unicom (Hong Kong) Ltd , down 12% The top Nasdaq .PG.O percentage gainers: ** The9 Limited , up 72.6% ** Future Fintech Group Inc , up 52.4% The top three Nasdaq .PL.O percentage losers: ** Urban One Inc , down 29.5% ** Digital Ally Inc , down 25.6% ** Addex Therapeutics Ltd , down 19.5% ** SPAR Group Ltd SGRP.O: up 12.2% BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 14.6% BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 3.9% BUZZ-Set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.2% BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 24.6% BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 11.4% ** Canopy Growth Corp CGC.O: up 6.7% ** Aphria Inc APHA.O: up 10.1% ** Cronos Group Inc CRON.O: up 7.3% ** Hexo Corp HEXO.N: up 8.5% ** Aurora Cannabis Inc ACB.N: up 6.0% ** Tilray Inc TLRY.O: up 16.6% BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 3.3% BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Solaredge Technologies Inc SEDG.O: up 2.2% ** Canadian Solar Inc CSIQ.O: up 3.9% ** First Solar Inc FSLR.O: up 4.6% ** Enphase Energy Inc ENPH.O: up 5.5% ** Sunrun Inc RUN.O: up 6.7% ** SunPower Corp SPWR.O: up 5.1% ** NextEra Energy Inc NEE.N: up 1.7% ** ReneSola Ltd SOL.N: up 12.2% BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 4.0% ** Bank of America Corp BAC.N: up 4.0% ** Wells Fargo & Co WFC.N: up 3.6% ** Citigroup Inc C.N: up 3.1% BUZZ-U.S. banks: Jefferies sees positive 2021 ** Las Vegas Sands Corp LVS.N: down 1.2% BUZZ-Falls as CEO takes medical leave of absence ** DXC Technology Co DXC.N: up 9.3% BUZZ-Rises on report of $10 bln French takeover approach ** Roku Inc ROKU.N: up 7.2% BUZZ-Brokerage raises PT, sees further streaming growth in 2021 ** Albermarle Corp ALB.N: up 4.3% BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 10.0% BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4% BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 4.0% BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 3.0% BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.8% BUZZ-Rises on positive late-stage data from protein disorder treatment ** Lyft Inc LYFT.O: up 1.9% BUZZ-Up as BTIG raises PT on growth prospects ** Northern Oil & Gas Inc NOG.N: up 3.9% BUZZ-Raymond James initiates coverage with "strong buy" ** Aerojet Rocketdyne Holdings Inc AJRD.N: down 0.3% BUZZ-Jefferies says competing bid unlikely; downgrades ** Oxford Immunotec Global PLC OXFD.O: up 26.4% BUZZ-Gains after takeover by PerkinElmer ** Oragenics Inc OGEN.N: up 68.1% BUZZ-Rises on adjuvant deal with Adjuvance Technologies The 11 major S&P 500 sectors: Communication Services
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541e4eda-69e9-4d53-8cf3-cf3ad7fc83e1
|
716698.0
|
2021-01-07 00:00:00 UTC
|
Why 3D-Printing Stocks Soared Today
|
DDD
|
https://www.nasdaq.com/articles/why-3d-printing-stocks-soared-today-2021-01-07
|
nan
|
nan
|
What happened
Shares of 3D-printing companies rose sharply on Thursday after 3D Systems (NYSE: DDD) reported blockbuster preliminary results for the fourth quarter. The company said that it had completed the sale of its Cimatron and GibbsCAM software businesses and expects revenue for the period to be in the range of $170 million to $176 million. This news has given investors hope that other companies in the sector will report similarly strong results.
As of about 2 p.m. EST, here's how prominent 3D-printing stocks were trading:
3D Systems: Up a whopping 77%.
Stratasys (NASDAQ: SSYS): Up 28%.
Nano Dimension (NASDAQ: NNDM): Up 13%.
Desktop Metal (NYSE: DM): Up 12%.
Image source: Getty Images.
So what
The 3D-printing sector was hit hard by the COVID-19 pandemic and is expected to have contracted by nearly 20% in 2020. Supply chains were disrupted and manufacturing slowed due to the public health crisis, which reduced demand for 3D-printing products and services.
For example, in the first three quarters of 2020, Stratasys's total revenue fell by more than 20% year over year. The industrial company was also forced to record a non-cash goodwill impairment charge of $386.2 million in the third quarter related to its FDM and PolyJet technologies due to the pandemic's impact on the business. More recently, Stratasys just closed its $100 million acquisition of Origin, which had been announced last month. Stratasys expects Origin's software-centric additive manufacturing offerings to contribute up to $200 million in incremental annual revenue to its top line within five years.
Nano Dimension has already been rallying meaningfully in recent months. The company's top line was also crushed during much of 2020, with revenue down by 72% year over year in the first three quarters. Nano Dimension has been conducting numerous direct offerings to raise cash and strengthen the balance sheet enough to navigate the crisis, most recently a $250 million deal at the end of December. The company sold 33.3 million American Depository Shares (ADS) at a price of $7.50 apiece.
Desktop Metal is relatively new to the public markets. It went public in late 2020 after merging with special purpose acquisition company (SPAC) Trine Acquisition. That deal was announced in August and closed in December. Desktop Metal is much smaller than its peers. It generated just $26.4 million in revenue in 2019, and is expected to report total revenue for 2020 in the range of $15 million to $25 million. Management has made rosy forecasts for its future, however, predicting that it will enjoy a compound annual growth rate (CAGR) of 87% through 2025.
Now what
The strong preliminary results from 3D Systems are sparking investor optimism that the 3D-printing industry is about to come roaring back as manufacturing activity picks up and economies start to recover from the havoc caused by the pandemic.
10 stocks we like better than Stratasys
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
What happened Shares of 3D-printing companies rose sharply on Thursday after 3D Systems (NYSE: DDD) reported blockbuster preliminary results for the fourth quarter. The industrial company was also forced to record a non-cash goodwill impairment charge of $386.2 million in the third quarter related to its FDM and PolyJet technologies due to the pandemic's impact on the business. Nano Dimension has been conducting numerous direct offerings to raise cash and strengthen the balance sheet enough to navigate the crisis, most recently a $250 million deal at the end of December.
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What happened Shares of 3D-printing companies rose sharply on Thursday after 3D Systems (NYSE: DDD) reported blockbuster preliminary results for the fourth quarter. More recently, Stratasys just closed its $100 million acquisition of Origin, which had been announced last month. Stratasys expects Origin's software-centric additive manufacturing offerings to contribute up to $200 million in incremental annual revenue to its top line within five years.
|
What happened Shares of 3D-printing companies rose sharply on Thursday after 3D Systems (NYSE: DDD) reported blockbuster preliminary results for the fourth quarter. The company said that it had completed the sale of its Cimatron and GibbsCAM software businesses and expects revenue for the period to be in the range of $170 million to $176 million. Stratasys expects Origin's software-centric additive manufacturing offerings to contribute up to $200 million in incremental annual revenue to its top line within five years.
|
What happened Shares of 3D-printing companies rose sharply on Thursday after 3D Systems (NYSE: DDD) reported blockbuster preliminary results for the fourth quarter. More recently, Stratasys just closed its $100 million acquisition of Origin, which had been announced last month. Desktop Metal is relatively new to the public markets.
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cc2ced01-bddb-4ce3-85ed-3efcf550430d
|
716699.0
|
2021-01-07 00:00:00 UTC
|
Why 3D Systems Stock Just Exploded 84.5% Higher
|
DDD
|
https://www.nasdaq.com/articles/why-3d-systems-stock-just-exploded-84.5-higher-2021-01-07
|
nan
|
nan
|
What happened
Shares of 3D printer maker 3D Systems (NYSE: DDD) just jumped 84.5% in 11:30 a.m. EST trading -- and yes, you read that right.
Early this morning, 3D announced the successful sale of its "non-core software businesses for cash proceeds of approximately $64 million." It also added a preview of its Q4 2020 financial results, predicting that revenue will far outperform analyst expectations and come in between $170 million and $176 million for the quarter.
Image source: Getty Images.
So what
At last report, of course, analysts had been telling investors to expect less than $140 million in Q4 sales from 3D, so what we're looking at here is an almost certain earnings beat of historic proportions -- but even that wasn't the end of the good news 3D had to report.
With its $64 million cash windfall in hand, 3D says it has been able to pay off all of its "senior secured term" debt, and no longer needs to continue selling stock, and diluting shareholders, through its previously announced "at-the-market" stock sales program. (By the way -- at this point a hat tip is appropriate to the analysts at investment bank Craig-Hallum, who predicted all of the above two months ago).
Now what
Essentially debt-free now, and free to focus on its two core 3D printer making businesses (industrial and healthcare), the company also noted that in addition to the better-than-expected sales, it is likely to report anywhere from $11 million to $19 million in pro forma profit for Q4. Generally accepted accounting principles (GAAP) results could still be as bad as an $8.6 million loss, but there's at least the possibility that 3D will eke out a GAAP profit of as much as $0.5 million this quarter.
After a second quarter of 20%-plus revenue growth, and with GAAP profitability finally within its grasp, 3D Systems CEO Jeffrey Graves concluded his note this morning saying, "With the benefits of our organizational alignment, our technology and application leadership, and our relentless focus on operational execution, we are more optimistic than ever about the exciting future we see ahead in 2021 and beyond."
It seems investors agree with that assessment.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) just jumped 84.5% in 11:30 a.m. EST trading -- and yes, you read that right. Early this morning, 3D announced the successful sale of its "non-core software businesses for cash proceeds of approximately $64 million." After a second quarter of 20%-plus revenue growth, and with GAAP profitability finally within its grasp, 3D Systems CEO Jeffrey Graves concluded his note this morning saying, "With the benefits of our organizational alignment, our technology and application leadership, and our relentless focus on operational execution, we are more optimistic than ever about the exciting future we see ahead in 2021 and beyond."
|
What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) just jumped 84.5% in 11:30 a.m. EST trading -- and yes, you read that right. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) just jumped 84.5% in 11:30 a.m. EST trading -- and yes, you read that right. With its $64 million cash windfall in hand, 3D says it has been able to pay off all of its "senior secured term" debt, and no longer needs to continue selling stock, and diluting shareholders, through its previously announced "at-the-market" stock sales program. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
|
What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) just jumped 84.5% in 11:30 a.m. EST trading -- and yes, you read that right. It also added a preview of its Q4 2020 financial results, predicting that revenue will far outperform analyst expectations and come in between $170 million and $176 million for the quarter. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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9bb8933d-6119-416d-84bd-58862b9a3f30
|
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