Page 10971 – CWEB

Apple Dominates with Positive Guidance Ahead

CWEB Staff

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June 25, 2020

Apple Dominates with Positive Guidance Ahead

Apple Inc. (AAPL) Nasdaq Apple today announced it will transition the Mac to its world-class custom silicon to deliver industry-leading performance and powerful new technologies. Developers can now get started updating their apps to take advantage of the advanced capabilities of Apple silicon in the Mac. This transition will also establish a common architecture across all Apple products, making it far easier for developers to write and optimize their apps for the entire ecosystem.

Apple today announced a robust line-up of new technologies to help its 23 million developers design and build the apps of tomorrow. These new tools will enable developers to bring more powerful app experiences to Apple’s industry-leading platforms, and help them better manage and grow their businesses.Apple Inc. (AAPL) has snapped up U.S. device management company Fleetsmith for an undisclosed sum.

Five-star analyst Jim Suva at Citigroup maintains a Buy rating on the stock with a bullish $400 price target, reflecting 11% upside potential, even after shares already gained 23% so far this year. Evercore ISI’s Amit Daryanani has a Buy rating on the stock but with a price target of $375.

Apple (AAPL) announced the introduction of its custom-made ARM chips to launch in its Mac-line by the end of 2020. Apple CEO Timothy Cook said on Monday. “When we look ahead, we envision some amazing new products, and transitioning to our own custom silicon is what will enable us to bring them to life.”

The transition from Intel (INTC) chips to Apple’s silicon powered chips closes a 15-year relationship with the chipmaker.

Apple Inc. (AAPL) Nasdaq Apple gives $100 Million to racial equity and justice causes; CEO Tim Cook announced on June 11, 2020 to denounce racism in today’s world.

“The unfinished work of racial justice and equality call us all to account. Things must change, and Apple’s committed to being a force for that change. Today, I’m proud to announce Apple’s Racial Equity and Justice Initiative, with a $100 million commitment.” Source Tim Cook @timcook.

Tim Cook is the chief executive officer of Apple Inc., and previously served as the company’s chief operating officer under its co-founder Steve Jobs. CEO Tim Cook also services on the Board of Directors for Apple.

Apple is a cash warehouse with almost $193 billion in cash on the balance sheets. Apple held its first digital event where it is announced the new iPad, iPhone, and Mac software at its developer on June 22nd at 1 p.m. CEO Tim Cook was the keynote presenter. Apple reports its next earnings on August 4th,2020.33 analysts rate it a buy. Consensus EPS Forecast $1.95.

CWEB Analysts see the stock as a potential for long term growth and a great addition to one’s portfolio and upward of $1000 by 20121

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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Square : An Opportunity No Investor Should Miss

CWEB Staff

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June 24, 2020

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Square, Inc. (SQ) NYSE — Nasdaq partners with Postmates in building capacity for small businesses to dispatch delivery drivers for orders placed on their own sites. Square Inc. will let small businesses offer courier delivery through partners as small business merchants look for new ways to generate revenue.

Square US:SQ will charge a flat fee of $1.50 per order to merchants that use the service. Drivers will also be able to add their own fees. Buyers have the ability to track their orders through live maps.

In April customers moved to store more than $1.3 billion in aggregate balances on the Cash app during the month.

Square’s Cash App was doing very well pre- pandemic. They are doing even better now during the pandemic. Direct deposits of stimulus payments also played a key factor in the rise of the Square App.

Customers have used peer-to-peer payments, our primary customer acquisition tool, in new and powerful ways as they adapt to COVID-19 shelter in-place and social-distancing measures. The company has seen customers supporting one another through religious donations, fundraising, online tipping, webcast events, and social giving.

Total net revenue was $1.38 billion in the first quarter of 2020, up 44% year over year. Excluding Caviar from the first quarter of 2019, total net revenue was up 51% year over year. Gross profit was $539 million in the first quarter of 2020, up 36% year over year.

Excluding Caviar from the first quarter of 2019, gross profit was up 40% year over year. In the first quarter of 2020, our Seller ecosystem1 generated $853 million of total net revenue and $356 million of gross profit, which increased 16% and 18% year over year, respectively. Cash App generated $528 million of total net revenue and $183 million of gross profit, which increased 197% and 115% year over year, respectively.[i]

Billionaire Jack Dorsey is CEO and Chairman of Square, CEO of Twitter, and co-founder of both. The CEO announced that he was putting an estimated 28% of his total wealth, or $1 billion, into relief efforts for the global coronavirus pandemic.

[i] https://squareup.com/us/en/about/investors

CWEB Analysts see the stock as a potential for long term growth and a great addition to one’s portfolio and upward of $200 by 20121

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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Ford Motor Company Unveils the New 2021 F-150 Pickup Truck

CWEB Staff

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June 24, 2020

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Ford Motor Company Unveils the New 2021 F-150 Pickup Truck

Ford Motor Company (NYSE: F) will introduce the latest version of its bestselling F-150 pickup truck this week with features such as an onboard generator and a reclining seat.

The new pickup will be unveiled to the public Thursday, June 25 at 8:00 p.m. EDT.

Ford’s vice president of U.S. marketing, sales and service Mark LaNeve said the new F-150 pickup truck will have aa hybrid version with an onboard generator that can power a work site or a home “for a short period of time.” The seats also have the capability to lay flat.

The Ford F-150 pickup truck has been the best-selling vehicle in the US since 1981. 900,000 F-Series trucks were sold in America. Ronald Reagan was in his first term as president in 1981.

Ford, General Motors, and Fiat Chrysler automobiles make major profits on their full-size pickups.Morgan Stanley recommends overweighting the stock as of 6/11/2020

Tesla Inc (NASDAQ: TSLA) is set to launch its Cybertruck in 2021 or 2022. The automaker is expecting 650,000 preorders.

WILLIAM CLAY FORD JR.Executive Chairman, Ford Motor Company. As Executive Chairman of Ford Motor Company, William Clay Ford Jr. is leading the company that put the world on wheels into the 21st century. Mr. Clay joined the Board of Directors in 1988 and has been its chairman since January 1999. Through the years, his vision for the company has remained unchanged. “During the last industry downturn, Ford invested heavily in fuel economy and technology at a time when many others were pulling back,” he says. “It absolutely was the right thing to do.”

Ford Motor Company intends to achieve carbon neutrality globally by 2050, while setting interim targets to more urgently address climate change challenges.

The company announced that ambition today as it issued its 21^stannual Sustainability Report. Ford is the only full line U.S. automaker committed to doing its part to reduce CO2 emissions in line with the Paris Climate Agreement and working with California for stronger vehicle greenhouse gas standards.

Carbon neutrality refers to achieving zero carbon emissions by balancing such emissions with carbon removal. To achieve its goal, Ford will focus initially on three areas that account for approximately 95 percent of its CO₂emissions — vehicle use, its supply base and the company’s facilities.

Ford said it is setting the 2050 goal fully aware of challenges, including customer acceptance, government regulations, economic conditions and the availability of renewable, carbon-neutral electricity and renewable fuels.

“We can develop and make great vehicles, sustain and grow a strong business and protect our planet at the same time — in fact, those ideals complement each other,” said Bob Holycross, vice president, chief sustainability, environment and safety officer. “We don’t have all the answers yet but are determined to work with all of our global and local partners and stakeholders to get there.”

Ford also is working to develop goals approved and defined by the Science Based Targets initiative for its Scope 1, Scope 2 and Scope 3 emissions. Scope 1 covers direct emissions from company-owned or -controlled sources, while Scope 2 addresses indirect emissions from generation of purchased electricity, steam, heating and cooling consumed by Ford. Scope 3 emissions speak to in-use emissions from vehicles that Ford sells and emissions from its supply base, among others.

The 2050 commitment represents Ford continuing to ratchet up more environmentally friendly performance for its products and operations. In 2019, the company expanded its climate strategy to find more effective ways to integrate the wants and needs of people and its business, along with the possibilities of technology, by applying human-centered, design-thinking. A cross-functional Ford team from around the world — including the U.S., Europe and China — developed the company’s carbon-neutral approach after analyzing information on the environment, customers, technology, legislation, energy, competitive approaches, life-cycle assessments and other trends.

CWEB Analysts see the stock as a potential for long and short term growth and a great addition to one’s portfolio. We believe upward movement of $10 in 2021

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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What Is the Future of Draft Kings Post Pandemic?

CWEB Staff

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June 24, 2020

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What Is the Future of Draft Kings Post Pandemic?

DraftKings Inc. (NASDAQ:DKNG) investors stock tripled in just two months and should rise long term also. Gaming and esports have will continue to be favored as well as gambling. Fundamentally, DraftKings stock is fairly valued. The stock trades between $35 and $43 per share.

DraftKings (DKNG) rose 2% in Thursday’s after-hours trading when the sports betting company announced the up size and pricing of its underwritten public offering of 40 million shares of Class A common stock.

The stock scores 7 Buy ratings versus 1 Hold rating adding up to a Strong Buy analyst consensus. The $43.29 average price target implies 6% upside potential in the shares over the coming year. (See DraftKings stock analysis on TipRanks).[i]

DraftKings has become the world’s leading daily fantasy sports platform, an innovator in American online sports betting.

DraftKings was established in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, former Vistaprint employees. In April 2020, DraftKings became a publicly traded company through a reverse merger with a special-purpose acquisition company.[ii]

Matthew Kalish President, DraftKings N.A. and Co-Founder is listed in the Forty Under 40 list.

In 2019 DraftKings announced a deal with Caesars Entertainment to expand into the 13 states where Caesars operates casinos, should those states clear the way for sports betting.

CWEB Analysts see the stock as a potential for long and short term growth post pandemic.

Major Holders

48.94% % of Shares Held by All Insider

10.83% % of Shares Held by Institutions

21.21% % of Float Held by Institutions

91 Number of Institutions Holding Shares

[i] https://www.tipranks.com/stocks/dkng/stock-analysis

[ii] https://en.wikipedia.org/wiki/DraftKings

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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The tiny stock called SHIP traded record breaking 626 Million shares today!

CWEB

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June 23, 2020

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The tiny stock called SHIP traded record breaking 626 Million shares today!

Who is SHIP?

Seanergy Maritime Holdings Corp. is the only pure-play Capesize shipping company listed in the US capital markets. Seanergy provides marine dry bulk transportation services through a modern fleet of 10 Capesize vessels, with a cargo-carrying capacity of approximately 1,748,581 dwt and an average fleet age of about 9.8 years.

The Company is incorporated in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP” and class A warrants under “SHIPW”.

Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) announced today that it will release its financial results for the first quarter ended March 31, 2020 after the market closes in New York on Thursday, June 25, 2020.

The recovery in equities markets and some less dire assessments of the global economy are bringing some buyers back into the beat-up sector.

Capesize rates jumped 14.1%, Panamax rates were up 1.9% and Handysize rates gained 1.5%.

The Baltic capesize index jumped 4% to 3,819, its highest since late September, and has soared more than 150% this week.

A high demand from Chinese steel production and a rise in Brazilian iron ore spot market cargoes will increase the profits for (NASDAQ: SHIP)

Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, decreased $147 to $25,364.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $237 to $10,840.

Data by YCharts

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Potentially relevant tickers:

Diana Shipping (NYSE:DSX), DryShips (NASDAQ:DRYS), Eagle Bulk Shipping (NASDAQ:EGLE), Navios Maritime Holdings (NYSE:NM), Navios Maritime Partners (NYSE:NMM), Globus Maritime Limited (NASDAQ:GLBS), Safe Bulkers (NYSE:SB), Scorpio Bulkers (NYSE:SALT), Star Bulk Carriers (NASDAQ:SBLK), Golden Ocean Group Limited (NASDAQ:GOGL), Seanergy Maritime (NASDAQ:SHIP), EuroDry (NASDAQ:EDRY), Genco Shipping & Trading (NYSE:GNK).

Main commodity shipped by $SHIP Iron ore prices have greatly risen and are still rising âœ… China has an insatiable demand and insatiable appetite for iron ore âœ… New deal inked out with the supplier of Tesla âœ… Takeover of two companies using existing stock valued at $1.05 @ 22 million âœ… Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words
such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations
of such words and similar expressions are intended to identify forward-looking statements. These statements
involve known and unknown risks and are based upon a number of assumptions and estimates, which are
inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating
or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in
the market in which the Company operates; shipping industry trends, including charter rates, vessel values and
factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business
strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks
associated with operations outside the United States; and other factors listed from time to time in the Company’s
filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained
free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly
disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company’s expectations with respect thereto or any
change in events, conditions or circumstances on which any statement is based.

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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Put your money where your mouth is and he does! Elon Musk Sells Bel-Air House to Chinese Billionaire for $29 Million

CWEB Staff

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June 23, 2020

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Put your money where your mouth is and he does! Elon Musk Sells Bel-Air House to Chinese Billionaire for $29 Million

NASDAQ: TSLA Chief Executive Officer Elon Musk tweets “I am selling almost all physical possessions. Will own no house,”

Elon Musk Net worth was estimated at $59 billion. Mr. Musk Sells Bel-Air House to Chinese Billionaire for $29 Million. The buyer is founder and Chief Executive officer of online gaming firm Net Ease , owned by the Chinese billionaire William Ding Net worthâ€Ž: â€ŽUS$15.3 billion (June 2019) .

Mr. Musk originally purchased the house from Mitchell Julis, co-founder of hedge fund Canyon Capital Advisors.

Tesla, Inc. (TSLA) Nasdaq CEO Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003.

Major Holders

20.51% % of Shares Held by All Insider

57.93% % of Shares Held by Institutions

72.87% % of Float Held by Institutions

1,319 Number of Institutions Holding Share

Top Institutional Holders

Holder Shares Date Reported % Out Value

Baillie Gifford and Company 12,076,416 Mar 30, 2020 6.51% 6,328,041,984

Capital World Investors 10,714,131 Mar 30, 2020 5.78% 5,614,204,644

Vanguard Group, Inc. (The) 8,662,781 Mar 30, 2020 4.67% 4,539,297,244

Blackrock Inc. 7,213,587 Mar 30, 2020 3.89% 3,779,919,588

FMR, LLC 4,615,556 Mar 30, 2020 2.49% 2,418,551,344

Jennison Associates LLC 4,320,630 Mar 30, 2020 2.33% 2,264,010,120

State Street Corporation 3,095,851 Mar 30, 2020 1.67% 1,622,225,924

JP Morgan Chase & Company 2,816,285 Mar 30, 2020 1.52% 1,475,733,340

Goldman Sachs Group, Inc. 2,702,701 Mar 30, 2020 1.46% 1,416,215,324

BAMCO Inc. 1,615,174 Mar 30, 2020 0.87% 846,351,176

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Turn Up Your Stock Portfolio with Coca Cola

CWEB Staff

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June 21, 2020

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Turn Up Your Stock Portfolio with Coca Cola

The Coca-Cola Company (KO) NYSE —Coca-Cola (KO) also sold off sharply due to COVID-19. While traditional sugary soda sales may be down, Coke is extraordinarily strong for energy drinks, non-soda beverages, juices, and teas. These divisions have shown strong growth. Sales of Coca-Cola (KO) have decreased since restaurants have been closed due to the pandemic, but they are starting to re-open gain and orders should pick up for all beverages that Coca-Cola (KO) sells.

The company has a strong brand presence and recognition to weather any down tun. We see the stock as a potential for long term growth and a great addition to one’s portfolio.

Coca Cola has 500+ brands across different beverage categories. We offer a variety of drinks like organic tea, coconut water, milk, and grab-and-go coffee, so consumers have many options. Source: [i]

Coke also sources their ingredients sustainably and ethically.

James Quincey is Chairman and CEO of The Coca-Cola Company. Mr. Quincey, who first joined the company in 1996, has held a number of leadership roles around the world. He became CEO in 2017 and Chairman of the Board in 2019. “We’re building this business for the next century, not just the next quarter.” Mr. Quincey serves as vice co-chair of The Consumer Goods Forum and is a founding member of the New York Stock Exchange Board Advisory Council. He is also a director of Pfizer Inc. Source[ii]

Top Institutional Holders

Holder Shares Date Reported % Out Value

Berkshire Hathaway, Inc 400,000,000 Mar 30, 2020 9.31% 17,700,000,000

Vanguard Group, Inc. (The) 327,203,254 Mar 30, 2020 7.62% 14,478,743,989

Blackrock Inc. 279,336,356 Mar 30, 2020 6.50% 12,360,633,753

State Street Corporation 183,307,489 Mar 30, 2020 4.27% 8,111,356,388

Wellington Management Company, LLP 102,693,257 Mar 30, 2020 2.39% 4,544,176,622

JP Morgan Chase & Company 58,667,889 Mar 30, 2020 1.37% 2,596,054,088

Top Mutual Fund Holders

Holder Shares Date Reported % Out Value

Vanguard Total Stock Market Index Fund 108,645,223 Dec 30, 2019 2.53% 6,013,513,093

Vanguard 500 Index Fund 79,379,663 Mar 30, 2020 1.85% 3,512,550,087

SPDR S&P 500 ETF Trust 42,647,616 Mar 30, 2020 0.99% 1,887,157,008

Fidelity 500 Index Fund 34,453,813 Feb 28, 2020 0.80% 1,842,934,457

Vanguard Institutional Index Fund-Institutional Index Fund 34,121,401 Mar 30, 2020 0.79% 1,509,871,994

[i] https://www.coca-colacompany.com/sustainable-business/in-our-products

[ii] https://www.coca-colacompany.com/company/leadership/james-quincey

Warren Buffett’s money has followed his mouth. His Berkshire Hathaway conglomerate owns about 10% of Coca–Cola, a stake worth around $22 billion.

“When they bought the Coca Cola Company, the Candler family bought it from Pembertons back in 1904 or 1906, they paid $2,000 for the company. If the Pemberton family had reserved a penny a serving royalty a serving, the Coca Cola company would be sending $2 billion to the Pemberton family every year and you wouldn’t even see the difference in the figures. It’s there.”

Buffett is well-known for his affection for the company; Berkshire Hathaway is Coca–Cola’s largest shareholder with 400 million shares, and Buffett himself drinks five Cokes a day. Source: Barrons

CWEB Analysts see the stock as a potential for long term growth and a great addition to one’s portfolio and upward of $70 by 20121

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Is Coty a Buy?

CWEB Staff

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June 19, 2020

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Coty Inc. (COTY) NYSE generates roughly $8.4 billion in annual revenues.

A partnership with KKR delivers immediate deleveraging via $1 billion direct investment and $2.5 billion net cash proceeds from Wella transaction, lowering Coty’s net debt/adjusted EBITDA from ~5.6x to ~4.5x on a pro forma basis. [i]

(COTY) NYSE will reinforce its leadership positions through innovation in fragrances and adjacent categories, a focus on the premium end of its portfolio, and the e-commerce development of the Prestige Beauty franchise, which encompasses iconic brands, such as Calvin Klein, Hugo Boss, Burberry, and Gucci, as well as the recent addition of Kylie Beauty, with its direct to consumer business model and 178 million followers on Instagram.[ii]

Cody is a global leader and number three in color cosmetics, number two in salon hair care, and number one in fragrances.

Peter Harf serves as Chairman and Chief Executive Officer. Between 1993 and 2001 he was Chief Executive of Coty. Peter is Managing Partner and Chairman of JAB and has extensive industry experience through his previous roles as Deputy Chairman of Reckitt Benckiser and Chairman of AB InBev. He is also a former Board member of Burger King.[iii]

Top Institutional Holders

Holder Shares Date Reported % Out Value

Vanguard Group, Inc. (The) 47,821,019 Mar 30, 2020 6.27% 246,756,458

Bank Of New York Mellon Corporation 29,515,038 Mar 30, 2020 3.87% 152,297,596

Blackrock Inc. 20,969,896 Mar 30, 2020 2.75% 108,204,663

State Street Corporation 16,788,409 Mar 30, 2020 2.20% 86,628,190

JP Morgan Chase & Company 14,255,960 Mar 30, 2020 1.87% 73,560,753

Top Mutual Fund Holders

Holder Shares Date Reported % Out Value

Vanguard Total Stock Market Index Fund 8,492,762 Dec 30, 2019 1.11% 95,543,572

Vanguard Mid-Cap Index Fund 7,775,887 Mar 30, 2020 1.02% 40,123,576

Vanguard 500 Index Fund 6,097,186 Mar 30, 2020 0.80% 31,461,479

Vanguard Fenway Funds-Equity Income Fund 6,028,050 Mar 30, 2020 0.79% 31,104,738

JP Morgan Mid Cap Value Fund 4,579,174 Feb 28, 2020 0.60% 42,265,776

JP Morgan Value Advantage Fund 3,438,469 Feb 28, 2020 0.45% 31,737,068

Vanguard Strategic Equity Fund 3,305,989 Mar 30, 2020 0.43% 17,058,903

[i] https://www.coty.com/in-the-news/press-release/coty-announces-strategic-transformation-and-definitive-agreement-kkr-wella

[ii] https://www.coty.com/in-the-news/press-release/coty-announces-strategic-transformation-and-definitive-agreement-kkr-wella

[iii] https://www.coty.com/our-story/coty-leaders/peter-harf

CWEB Analysts believe that (COTY) NYSE has room to grow and will initiate a Hold rating.

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Why is Target stock on Fire?

CWEB Staff

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June 19, 2020

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Target Corporation (TGT) NYSE increases wages for all employees that are full and part-time frontline workers to receive $2 more per hour. CEO Brian Cornell announced this on in May, 202, in a staff memo. The raise will be extended until July 4th. Anyone with an underlying medical condition, 65 and older, and women that are pregnant will receive free backup care benefits and paid leave. Target Team Members will start at a $15 starting minimum wage.

Target is giving front-line team members in our stores and distribution centers a one-time recognition bonus of $200 to thank them for providing essential services to our guests throughout the Coronavirus pandemic.[i]

In addition, Target will invest nearly $1 billion more this year in the well-being, health, and safety of team members.[ii]

Target has been a lifesaver for many because all the stores had remained open for customers during the Coronavirus pandemic. With low prices and great deals, target’s revenue increased fourfold during this time. Target stock has soared 70% over the last year compared to the S&P 500 Index which only gained 2% during that time.

Target commits $10 million and ongoing resources for rebuilding efforts and advancing social justice.

Brian Cornell is board chairman and CEO of Target Corp. Mr. Cornell joined Target in August 2014 after more than 30 years in escalating leadership positions at leading retail and global consumer product companies, including three CEO roles and more than two decades doing business in North America, Asia, Europe and Latin America.

Mr. Cornell currently serves as the non-executive chairman of the board of directors for Yum! Brands and is the Immediate Past Chairman of the Retail Industry Leaders Association (RILA). Mr. Cornell is also a board member for Catalyst and the Smithsonian’s National Museum of African American History and Culture.[iii]

[i] https://corporate.target.com/article/2020/06/pay-and-benefits-update

[ii] Target will invest nearly $1 billion more this year in the well-being, health, and safety of team members

[iii] https://corporate.target.com/about/purpose-history/leadership/Brian-Cornell

Dividend & stock split history

Fiscal Year Record Payable Type Amount

2020 8/19/2020 9/10/2020 Cash Dividend $ 0.6800

2020 5/20/2020 6/10/2020 Cash Dividend $ 0.6600

2020 2/19/2020 3/10/2020 Cash Dividend $ 0.6600

Source: https://investors.target.com/stock-information/dividend-and-stock-split-history

CWEB Analyst believe Target will reach $200 by 2021.

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

DocuSign Replaces United Airlines as it Joins Nasdaq

CWEB Staff

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June 17, 2020

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DocuSign Replaces United Airlines as it Joins Nasdaq

Nasdaq announced that DocuSign (NASDAQ:DOCU) will replace United Airlines (NASDAQ: UAL) in the index effective June 22, 2020 and join its main competitor Adobe Systems ( NASDAQ :ADBE ).

There is a great demand for digital signatures with the for people that need to sign contracts in particular with stay-at-home orders and social distancing due to COVID-19.

DocuSign’s revenue has increased 37% year-over-year. The stock has more than doubled over the past three months. DocuSign serves 100’s of millions of users worldwide.

Executive Leadership

Dan Springer CEO has almost 30 years of executive leadership and experience driving innovation and hyper-growth across the Software-as-a-Service (SaaS) industry. Prior to DocuSign, Dan served as Chairman and CEO of Responsys (MKTG), where he led the sale of the company to Oracle in 2013 for $1.6 billion.[i]

Maggie Wilderotter Chairman, DocuSign served in a number of roles at Frontier Communications Corp. (NASDAQ: FTR), a public telecommunications company, including as Executive Chairman of the board of directors. Ms. Wilderotter has served on the boards of directors of Costco Wholesale Corp. (NASDAQ: COST), a wholesale retailer, since October 2015; Hewlett Packard Enterprise Co. (NYSE: HPE)[ii]

Top Institutional Holders

Holder Shares Date Reported % Out Value

Price (T.Rowe) Associates Inc 22,190,162 Mar 30, 2020 12.09% 2,050,370,968

Vanguard Group, Inc. (The) 12,993,489 Mar 30, 2020 7.08% 1,200,598,383

Blackrock Inc. 8,784,785 Mar 30, 2020 4.79% 811,714,134

Capital Research Global Investors 6,482,157 Mar 30, 2020 3.53% 598,951,306

Kayne Anderson Rudnick Investment Management LLC 4,195,647 Mar 30, 2020 2.29% 387,677,782

Top Mutual Fund Holders

Holder Shares Date Reported % Out Value

Price (T.Rowe) New Horizons Fund 7,587,190 Dec 30, 2019 4.13% 562,286,650

Vanguard Total Stock Market Index Fund 3,966,166 Dec 30, 2019 2.16% 293,932,562

Price (T.Rowe) Mid Cap Growth Fund 3,750,000 Dec 30, 2019 2.04% 277,912,500

Vanguard Small-Cap Index Fund 3,532,015 Dec 30, 2019 1.92% 261,757,631

Growth Fund of America Inc 3,270,809 Dec 30, 2019 1.78% 242,399,654

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[i] https://www.docusign.com/company/leadership

[ii] https://www.docusign.com/company/leadership

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