Earnings season has a history of delivering epic overnight gains and losses and the current quarter has been no exception. Today's leaderboard is teeming with companies flying higher after dazzling the Street with better-than-expected numbers. A handful of the biggest gainers should be considered top stocks to buy.Many traders entered earnings season with a great deal of trepidation. As the first quarterly report since the novel coronavirus outbreak, investors were eager to see just how bad the economic fallout has been for corporate profits. With the lion's share of S&P 500 companies now reported, it's fair to say the market has been pleased by the numbers, particularly in the tech sector. * 10 Key Stocks to Watch Over the Next Few Months I'm putting today's picks up as poster children for the best earnings reactions. They're up anywhere from 15% to 41%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Twilio (NYSE:TWLO) * Lyft (NASDAQ:LYFT) * Peloton (NASDAQ:PTON)Let's take a closer look at what could be today's best stocks to buy. 3 Stocks to Buy with Monster Post-Earnings Gains: Twilio (TWLO)The gains in TWLO stock on May 6, the day after the company trounced earnings, are stunning. At Wednesday morning's peak, the San Francisco-based cloud communications company saw its share price top $175, after gaining 41% on the session. Consider that at the depths of March's market crash, TWLO was at $68!This week's rocketship rise was brought to you courtesy of an earnings report that handily beat estimates. For the first quarter, Twilio saw earnings per share rise to 6 cents on revenue of $364.9 million. Analysts were forecasting a loss of 11 cents on $331.3 million in sales.The company announced its number of active customer accounts had risen to 190,000 and further said its services were well-positioned for the current environment. If you view the entire report through the lens of the market's response (which you should), there's no denying this was a blockbuster quarter.From a charting perspective, TWLO is now in record territory with every bullish indicator flashing green. So you have two choices. Climb aboard now and play the momentum, or wait for a pause or pullback to digest today's monster gain. I like call spreads if you're willing to enter now.The Trade: Buy the July $180/$190 bull call spread for $3.50. Lyft (LYFT)Source: The thinkorswim® platform from TD Ameritrade Lyft stock was demolished in March on understandable fears the company was ill-positioned to weather new social distancing trends. But given May 6's 21% jump in response to earnings, however, it appears the market oversold in the pandemic panic.For the first quarter, the on-demand transportation provider raked in sales of $955.7 million but ultimately lost $1.31 per share. With those gains, LYFT stock is back above both its 20-day and 50-day moving averages and has invalidated the support break, which we saw earlier in the week.But given the stock still has multiple resistance zones to contend with, I don't like aggressive bullish trades here. I'd rather capitalize on its low share price and my now neutral-to-slightly-bullish bias by selling naked puts. * 10 Key Stocks to Watch Over the Next Few Months The Trade: If you think the stock is unlikely to lose today's gains, then sell the June $22.50 put for around 65 cents. Consider it a bet that LYFT remains above $22.50 for the next month. Peloton (PTON)Source: The thinkorswim® platform from TD Ameritrade Shutter all gyms across the nation and what do you get? A banner quarter for Peloton.The New York-based company provides fitness equipment and subscriptions to live-streaming and on-demand video classes. Its audience of potential customers naturally exploded in response to the flurry of stay-at-home orders across the nation.Sales for the quarter soared 66% to $524.6 million, while earnings per share came in at a loss of 20 cents. Peloton's spinning bike sales grew by 61% year over year, and subscription revenue was up 92% compared to a year ago.PTON stock rallied as much as 18% to a record high, in a continuation of the uptrend that began mid-March. Perhaps the most impressive thing on its chart is the consistent accumulation of volume over the past two months. High volume up days have cropped up again and again to show big buyers wading into the waters.While the price could use some backing-and-filling after today's moonshot, this is a stock to buy when a low-risk entry presents itself. If you don't want to wait for a pullback, then at least consider using a high probability trade like bull puts. That way, you have a wide profit zone if profit-taking strikes the shares.The Trade: Sell the June $35/$30 bull put spread for around 90 cents.For a free trial to the best trading community on the planet and Tyler's current home, click here! As of this writing, Tyler didn't hold positions in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Surging Stocks to Buy That Exceeded Earnings Estimates appeared first on InvestorPlace.
The market 'has been driven by sentiment recently' — and is overvalued, warns one veteran strategist.
Bandwidth reported a very strong Q1 with revenue growing 29% and was well ahead of expectations.Management provided updated 2020 guidance which could still be a little conservative despite the strong tailwinds.Valuation has risen to ~8.5x 2020 revenue, which …
It wasn't long ago that Twilio (NYSE: TWLO) looked like an attractive bet as it was trading at a relatively cheap valuation, but the company's fiscal first-quarter results have sent the stock through the roof. At the beginning of April, shares of the cloud communications specialist looked ripe for the picking in the aftermath of the March stock market crash caused by the novel coronavirus pandemic. There were concerns that Twilio's business may take a hit as key customers such as Lyft, Uber, and eBay reduce the usage of its services, prompting downgrades on Wall Street and sending shares lower.
Twilio shares were rising premarket after the company announced that it has reached an agreement to power online medical care appointment booking service Zocdoc's telehealth video service. Twilio, a cloud communications platform, says that any provider can sign up to use Zocdoc's Video Service to facilitate all of their virtual appointments, whether the patients schedule a video visit through Zocdoc or not. "Zocdoc's new telehealth solution makes it easier for healthcare professionals to utilize video visits in a time where providers and patients need virtual care most," said Susan Collins, global head of healthcare services at Twilio.
TWLO earnings call for the period ending March 31, 2020.
If you rebuild the workplace after COVID-19, will the workers ever come back? In Silicon Valley, the answer from many tech companies is that many won’t, and maybe that is a good thing.
Accenture has been positioning to strengthen its cybersecurity capabilities given that its service-based business model means it doesn't create products that expose it to customer-generated content. The sum of its acquisitions will give Accenture the …
The cloud services stock is trading like it’s immune to the pandemic -- but it still faces plenty of near-term headwinds.
Twilio Inc. shares spiked 17% in after-hours trading Wednesday after the communications-software company reported fiscal first-quarter revenue and net income that topped Wall Street estimates.
Jim Cramer told viewers during Thursday's Mad Money program that investors are latching onto any reason to buy stocks. In this daily Japanese candlestick chart of TWLO, below, we can see that prices were in a downtrend from July to the middle of March. Prices moved above the bottoming 200-day moving average line early this month and the slope of the 50-day moving average line turned positive.
Q1 2020 Twilio Inc Earnings Call
Yahoo Finance's Jared Blikre breaks down some of the features of the Yahoo Finance Premium package.
“Everyone had a digital-transformation plan, but it literally just happened overnight,” Lawson, who started his company in the teeth of the Great Recession, told MarketWatch in a phone interview late Friday. “The impact of this pandemic accelerated or forced …
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarte…
Buy low and sell high, how do you do that? You do it by buying when everyone is selling. I use a cash management discipline to make that possible.It turns out I wasn't wrong, I was just early! I expected a sell-off last week but we got it this week instead. I…
Twilio Inc shares surged 32% to a record high after the cloud communication provider's quarterly results and forecast smashed Wall Street estimates on increased demand from telehealth and education companies amid widespread lockdowns.
Fast growing companies prioritize growth over profits during their initial growth stage. Many fast growth companies in their infancy are first movers. Initial c
Some -- though not all -- of the extra hardware, software and services spending currently happening would have likely taken place at a later date....NFLX
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
The stocks behind popular cloud-based business services such as Okta, Datadog, and Twilio fell sharply on Wednesday.
Twilio will provide a communications platform for New York City's effort to do coronavirus contact tracing.
The current market is one of haves and have-nots. The haves benefit from the coronavirus epidemic. The have-nots are punished by it. These roles might be reversed. The current benefit from the coronavirus epidemic will be a poisoned gift for m…
There is a tendency for self-directed investors to underperform in very challenging markets, like the one we are currently going through.Investors don't need to hit home runs to improve investment performance and try to search for the “next Facebook or Amazon…
Twilio (TWLO) surprised investors with higher-than-expected revenue pushing shares up as much as 25% in after-hours trading as stay-at-home orders to contain the coronavirus pandemic lifted demand for cloud technology solutions.Total revenue jumped 57% to $36…
Twilio (TWLO) announced that it will provide the communications platform to power New York City’s coronavirus contact tracing initiative sending shares up 7.5% on Friday.The cloud communications company said that New York City’s Department of Information Technology & Telecommunications (DoITT) is planning to deploy a cloud-based contact center on Twilio Flex to call, message or email COVID-19 patients, educate them on the virus, and identify their close contacts through self-reporting. Terms of the deal weren’t disclosed.The platform also provides messaging-based alerts using Twilio Voice, SMS, email or WhatsApp that prompt patients to fill out secure surveys on their symptoms. As governments around the world explore strategies to slow the spread of new coronavirus cases and safely reopen economies, public health departments have identified contact tracing as a step in the process.“Throughout this pandemic, the ability for businesses and government agencies to quickly spin up and iterate ways to engage customers and constituents has never been more important,” said George Hu, chief operating officer at Twilio. “New York City’s contact tracing solution makes it possible for the city to connect with and support residents with COVID-19 and keep their known contacts safe and informed.”Twilio stock jumped 7.5% to $208.62 on Friday. The value of the company’s shares has almost tripled since mid-March after it posted strong sales figures as the coronavirus-related stay-at-home orders fueled demand for its cloud technology solutions.Last week, five-star analyst Patrick Walravens at JMP Securities ramped up the price target on Twilio’s stock to $200 from $160 and reiterated his Buy rating, in view of new business coming from verticals such as education, retail, and healthcare.In the long-term, Walravens expects Twilio to benefit from its "clear lead" in a massive market with an estimated $45B opportunity coming from SMS unified communications and authentication.The rest of the Wall Street community is cautiously optimistic about Twilio’s stock prospects. The Moderate Buy consensus splits into 14 Buys and 6 Holds. Given the recent share rally, the $164.33 average price target implies 21% downside potential in the next 12 months. (See Twilio stock analysis on TipRanks).Related News: Google, Apple Roll Out Coronavirus Contact Tracing Technology Google Cloud Wins Cyber Security Contract With U.S. Defense Department Microsoft Buys Metaswitch For Cloud-Based Telecoms Move, 5G Expansion More recent articles from Smarter Analyst: * Logitech Shares Lifted In Pre-Market On Share Buyback Plan, 10% Dividend Boost * Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities * HBO Max Launches, But Not Yet Available on Amazon, Roku Platforms * Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings
“Everyone had a digital-transformation plan, but it literally just happened overnight,” Lawson, who started his company in the teeth of the Great Recession, told MarketWatch in a phone interview late Friday. “The impact of this pandemic accelerated or forced those plans in 2020.”
“We certainly believe that the market is getting way ahead of itself now,” Alex Pire, head of client portfolio management at Seeyond, told Yahoo Finance. “There is this sort of cognitive disconnect between the way the market is functioning and what we’re hear…
Twilio (NYSE:TWLO), the leading cloud communications platform, today announced that Twilio will power the communications for New York City’s contact tracing initiative. Through the city’s Department of Information Technology & Telecommunications (DoITT), the city is planning to deploy a cloud-based contact center on Twilio Flex and leverage Twilio SMS and Voice as key parts of the City’s COVID-19 tracing program.
Twilio is at the forefront of the fast-growing cloud communications industry.While the coronavirus will likely have a negative impact on Twilio in the short term, the pandemic may actually accelerate adoption of Twilio's products/services in the long term.The…
Silicon Valley leaders tell MarketWatch they agree with Twitter’s stance on allowing workers to stay at home forever if they wish
Twilio (NYSE:TWLO), the leading cloud communications platform, today announced that Twilio Programmable Video will power Zocdoc’s new free, HIPAA-compliant telehealth video solution. Any provider can sign up to use Zocdoc’s Video Service, powered by Twilio, to facilitate all of their virtual appointments — whether their patients schedule a video visit through Zocdoc or not.
Technically speaking, the S&P 500 has cleared major resistance, rising to a potentially consequential test of its 200-day moving average, writes Michael Ashbaugh.
Okta indicated in its latest earnings report in early March that it had not experienced any business slowdown due to the pandemic.The company has strong revenue growth, strong free cash flow margin and easily meets the Rule of 40.The stock price appears to be…
Twilio, Upwork, and Datadog posted gains of more than 25% last month despite a complete lack of market-moving news.
Twilio (TWLO) announced on Wednesday that it will power Zocdoc’s new telehealth online video service, which helps connect more doctors with patients during the coronavirus pandemic.The terms of the agreement were not disclosed. Twilio will be offering three months of free use of its video product for healthcare customers as well as for those in education and nonprofit sectors if they sign up before June 30.“Zocdoc’s new telehealth solution makes it easier for healthcare professionals to utilize video visits in a time where providers and patients need virtual care most,” said Susan Collins, global head of healthcare services at Twilio. “Twilio Programmable Video’s software agility and cloud scale enabled Zocdoc to make remote visits available in a matter of weeks.”Twilio disclosed that it has seen a surge in usage across its video platform in response to COVID-19, including a more than 850% increase in peak concurrent participants on its video products and a more than 500% increase in daily video minutes compared with pre-February levels. Usage of Twilio's platform across its healthcare customers is up more than 90% since its February pre-coronavirus averages.Shares in Twilio have skyrocketed over the past month almost doubling in value after the company posted strong sales figures as the coronavirus-related stay-at-home orders fueled demand for its cloud technology solutions.After talking to Twilio management, five-star analyst Ittai Kidron at Oppenheimer came back with a bullish outlook and reiterated his Buy recommendation on the stock with a $160 price target.“Management maintained a cautious tone on 2H as the effects of COVID-19 on customers/activity are not yet fully understood,” Kidron wrote in a note to investors. “We continue to see Twilio as a foundational vendor enabling enterprise digitization activity, closer businesss-to-consumer relationship, and business activity in times of social distancing.”Looking ahead Kidron sees several opportunities for Twilio that can contribute more meaningfully in 2021 and thereafter, including telehealth video services and in areas of healthcare.Turning now to the rest of Wall Street analysts the Moderate Buy consensus is split into 12 Buys and 6 Holds. Given the recent rally in the stock the $157.50 average price target implies 15% downside potential in the next 12 months. (See Twilio stock analysis on TipRanks).Related News: Twitter Won’t Reopen Offices Before Sept., Allows Permanent Work From Home Intel, Taiwan Semiconductor Said to Be in Talks with Trump to Build U.S. Plants Uber Announces $750M Notes Offering, As GrubHub Takeover Reports Swirl More recent articles from Smarter Analyst: * Kornit Soars 34% on Rosy Growth Guidance * 3 Biotech Stocks Under $5 With Massive Upside Potential * Baidu May Use Nasdaq Delisting To Boost Value – Report * Amazon Rolls Out First Solar Energy Facility In China
Married couples receiving the full stimulus payment can parlay that into much more in the coming decade.
The stock market rally soared on coronavirus recovery hopes, with the Nasdaq entering a power trend. PayPal, MercadoLibre and Chegg were among several big earnings winners.