GreenSky has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The company intends to price its 34.09 million shares in the range of $21 to $23 per share, with an overallotment option for an additional 5.11 million shares. At the maximum price, the entire offering is valued up to $901.7 million. The company expects to list its shares on the Nasdaq under the symbol GSKY.
The underwriters for the offering are Goldman Sachs, JPMorgan, Morgan Stanley, Merrill Lynch, Citigroup, Credit Suisse, SunTrust Robinson Humphrey, Raymond James, Sandler ONeill, Fifth Third Securities and Guggenheim.
This technology company powers commerce at the point of sale. Its platform facilitates merchant sales, while reducing the friction and improving the economics associated with a consumer making a purchase and a bank extending financing for that purchase. So far it has had roughly 12,000 active merchants on its platform as of March and, from its inception through this time, merchants have used the platform to enable about 1.7 million consumers to finance over $12 billion of transactions with its bank partners.
Top 10 Tech Stocks To Invest In Right Now: Medidata Solutions, Inc.(MDSO)
Advisors’ Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Medidata Solutions (MDSO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Tech Stocks To Invest In Right Now: CEVA, Inc.(CEVA)
Advisors’ Opinion:
- [By Logan Wallace]
CEVA (NASDAQ:CEVA) had its price objective decreased by Roth Capital to $44.00 in a research note released on Wednesday morning. Roth Capital currently has a buy rating on the semiconductor company’s stock.
- [By Lisa Levin]
CEVA, Inc. (NASDAQ: CEVA) was down, falling around 12 percent to $30.25 after the company posted weaker-than-expected Q1 profit.
Commodities
- [By Stephan Byrd]
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Top 10 Tech Stocks To Invest In Right Now: Web.com Group, Inc.(WEB)
Advisors’ Opinion:
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers
Fluor Corporation (NYSE: FLR) fell 13.4 percent to $51.10 in pre-market trading after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year.
Integrated Media Technology Limited (NASDAQ: IMTE) fell 9.8 percent to $28.97 in pre-market trading after surging 46.29 percent on Thursday.
Gogo Inc. (NASDAQ: GOGO) shares fell 8.2 percent to $8.81 in pre-market trading after the company reported Q1 results and disclosed that it is withdrawing its FY18 outlook for adjusted EBITDA, airborne cash capex, airborne equipment inventory purchases and free cash flow.
Sharing Economy International Inc. (NASDAQ: SEII) shares fell 7.5 percent to $3.98 in pre-market trading after climbing 22.16 percent on Thursday.
Arista Networks, Inc. (NYSE: ANET) fell 7.4 percent to $248.00 in pre-market trading following first-quarter earnings.
Web.com Group, Inc. (NASDAQ: WEB) fell 6.7 percent to $18.00 in pre-market trading after reporting Q1 results.
Varex Imaging Corporation (NASDAQ: VREX) fell 5.2 percent to $34 in pre-market trading after reporting Q2 results.
Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) shares fell 5.2 percent to $7.60 in pre-market trading after dropping 3.02 percent on Thursday.
AMN Healthcare Services, Inc (NYSE: AMN) shares fell 4.7 percent to $61.70 in pre-market trading following Q1 earnings.
HSBC Holdings plc (NYSE: HSEA) fell 4.6 percent to $25.15 in pre-market trading after reporting Q1 results.
Stratasys Ltd. (NASDAQ: SSYS) shares fell 4 percent to $16.66 in pre-market trading after dropping 2.86 percent on Thursday.
Melco Resorts & Entertainment Limited (NASDAQ: MLCO) fell 4 percent to $30.65 in pre-market trading.
Century Aluminum Co (NASDAQ: CENX) fell 4 percent to $15.76 in pre-market trading following Q1 results.
HSBC Holdings plc (NYSE: HSBC) shares fell 3.5 percent to $48.10 in pre-market tr - [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers
Check-Cap Ltd. (NASDAQ: CHEK) shares dipped 47.8 percent to $4.60. Check-Cap priced its upsized underwritten offering of public units at $5.50 per unit.
VivoPower International PLC (NASDAQ: VVPR) shares fell 41.5 percent to $2.57.
Universal Electronics Inc. (NASDAQ: UEIC) dropped 35.1 percent to $29.50 after the company posted downbeat quarterly results.
Euro Tech Holdings Company Limited (NASDAQ: CLWT) dropped 34.8 percent to $3.75 after climbing 155.56 percent on Thursday.
Integrated Media Technology Limited (NASDAQ: IMTE) fell 25.2 percent to $24.01 after surging 46.29 percent on Thursday.
Fluor Corporation (NYSE: FLR) dropped 22.5 percent to $45.73 after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year.
AMN Healthcare Services, Inc (NYSE: AMN) shares fell 19.6 percent to $52.075 following Q1 earnings.
Adverum Biotechnologies, Inc. (NASDAQ: ADVM) shares declined 18.1 percent to $5.20. Adverum Biotech disclosed that its CEO Amber Salzman is stepping down.
Newater Technology, Inc. (NASDAQ: NEWA) dropped 17.2 percent to $12.83.
Basic Energy Services, Inc. (NYSE: BAS) fell 17.2 percent to $13.65 following Q1 results.
Xperi Corporation (NASDAQ: XPER) declined 15.8 percent to $19.40 after announcing Q1 results.
Sharing Economy International Inc. (NASDAQ: SEII) shares fell 15.1 percent to $3.649 after climbing 22.16 percent on Thursday.
Performant Financial Corporation (NASDAQ: PFMT) dropped 14.2 percent to $2.65.
Gogo Inc. (NASDAQ: GOGO) shares fell 13.2 percent to $8.32 after the company reported Q1 results and disclosed that it is withdrawing its FY18 outlook for adjusted EBITDA, airborne cash capex, airborne equipment inventory purchases and free cash flow.
Technical Communications Corporation (NASDAQ: TCCO) dropped 12.2 percent to $5.05.
Web.com Group, Inc. (NASDAQ: WEB) fell 9.7 percent
Top 10 Tech Stocks To Invest In Right Now: Dover Corporation(DOV)
Advisors’ Opinion:
- [By Joseph Griffin]
Robeco Institutional Asset Management B.V. raised its stake in Dover Co. (NYSE:DOV) by 148.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,483 shares of the industrial products company’s stock after buying an additional 24,766 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Dover were worth $4,075,000 at the end of the most recent quarter.
- [By Joseph Griffin]
Dean Investment Associates LLC trimmed its position in shares of Dover Co. (NYSE:DOV) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,357 shares of the industrial products company’s stock after selling 1,201 shares during the quarter. Dean Investment Associates LLC’s holdings in Dover were worth $3,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Daniel Miller]
Depending on what numbers or charts you’re viewing, it might appear that Dover Corporation (NYSE:DOV), an industrial conglomerate operating in multiple business segments, has shed roughly 18% of its value overnight. But fear not, Dover merely completed the spinoff of Apergy (UNKNOWN:UNKNOWN).
- [By Joseph Griffin]
Dover (NYSE:DOV) had its price target decreased by Stifel Nicolaus from $104.00 to $85.00 in a report published on Thursday. Stifel Nicolaus currently has a hold rating on the industrial products company’s stock.
- [By Ethan Ryder]
Dover Co. (NYSE:DOV) shares fell 0.4% during trading on Thursday . The stock traded as low as $75.74 and last traded at $76.69. 47,494 shares changed hands during trading, a decline of 97% from the average session volume of 1,892,556 shares. The stock had previously closed at $77.02.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Dover Corp. (NYSE: DOV) which traded down about 18% at $76.68. The stocks 52-week range is $75.88 to $109.06. Volume was 3.7 million compared to the daily average volume of 1.6 million.
Top 10 Tech Stocks To Invest In Right Now: Fortinet, Inc.(FTNT)
Advisors’ Opinion:
- [By Garrett Baldwin]
Yesterday, the Fed Open Market Committee announced it would not raise interest rates this session. The central bank committee, which is in charge of monetary policy, said that inflation is rising and that the U.S. economy is getting better. Markets are now looking forward to the next meeting on June 12 for the U.S. Federal Reserve to bump rates higher for the second time in 2018. Shares of Tesla Inc. (Nasdaq: TSLA) slumped more than 4.5% after Tesla CEO Elon Musk held an highly unusual earnings call. After announcing that his firm burned through $700 million in cash during the quarter of 2018, Musk refused to take any more questions on the company’s fiscal health, dismissing analysts’ questions as “boring.” Musk instead spent the rest of the quarterly call taking questions from a YouTuber named Gali Russell who had lobbied Musk on Twitter to let him partake in the earnings call. This morning, the U.S. Labor Department reported initial jobless claims rose by 2,000, to 211,000. Analysts had projected 225,000 for the week. The tightening U.S. labor market has now seen the total number of Americans receiving benefits fall to the lowest level since 1973. America’s unemployment rate is sitting at 4.1%, the lowest figure in 17 years. Tomorrow, the Labor Department will release the April jobs report.
Four Stocks to Watch Today: GPRO, SPOT, CI
GoPro Inc. (Nasdaq: GPRO) will lead another busy day of earnings reports on Wall Street. The firm will report earnings after the bell Thursday. Wall Street expects that the tech firm is about to report a loss of -$0.40 per share on top of $175.40 billion in revenue. Here’s a way to make a lot of money in a short time during earnings season. Spotify Technology SA(NYSE: SPOT) did not have a very good first earnings report. Shares plunged more than 8% after the firm’s music-streaming forecasts fell well short of expectations. During its earnings report, signals indicated that the firm’s growth could slow despite news that its - [By Garrett Baldwin]
The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning.
Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade’s financial crisis.
Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December.
VideoMeet the Trading Expert Who Could Help Make You a Millionaire
Crude oil prices slid in pre-market hours to a one-month low. TheWTI crude oil price todayfell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets.
Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY
Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed’s consent order will see the bank change four members of its board of directors and - [By Timothy Green]
Cybersecurity company Fortinet (NASDAQ:FTNT) announced its first-quarter results after the market closed on May 3. The report featured double-digit revenue expansion and explosive earnings growth, and the company expects its third-generation network security products to drive continued growth for the next few years. Here’s what investors need to know about Fortinet’s first-quarter results.
- [By Chris Lange]
Fortinet Inc.s (NASDAQ: FTNT) short interest increased to 4.68 million shares from the previous 3.93 million. Shares were trading at $56.07. The 52-week range is $35.44 to $57.98.
- [By ]
Cybersecurity remains red hot, after another three high-profile attacks, at Under Armour (UAA) , Boeing (BA) and Hudson’s Bay, the parent of Saks. But while many investors know of the big boys like Palo Alto Networks (PANW) , Fortinet (FTNT) and Proofpoint (PFPT) , Cramer dove into three smaller cybersecurity names to see if they’re worth investing in.
Top 10 Tech Stocks To Invest In Right Now: Magic Software Enterprises Ltd.(MGIC)
Advisors’ Opinion:
- [By Shane Hupp]
Get a free copy of the Zacks research report on Magic Software Enterprises (MGIC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
HC Wainwright set a $10.00 target price on Magic Software Enterprises (NASDAQ:MGIC) in a research note released on Thursday morning. The firm currently has a buy rating on the software maker’s stock.
- [By Lisa Levin]
Magic Software Enterprises Ltd. (NASDAQ: MGIC) is estimated to report quarterly earnings at $0.14 per share on revenue of $67.07 million.
Canadian Solar Inc. (NASDAQ: CSIQ) is projected to report quarterly earnings at $0.47 per share on revenue of $1.34 billion.
- [By Logan Wallace]
ValuEngine lowered shares of Magic Software Enterprises (NASDAQ:MGIC) from a buy rating to a hold rating in a report issued on Monday.
Several other equities research analysts have also recently issued reports on MGIC. Zacks Investment Research raised shares of Magic Software Enterprises from a sell rating to a hold rating in a research report on Wednesday, January 17th. BidaskClub cut shares of Magic Software Enterprises from a sell rating to a strong sell rating in a research report on Tuesday, January 23rd. Finally, HC Wainwright set a $10.00 target price on shares of Magic Software Enterprises and gave the stock a buy rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $9.81.
Top 10 Tech Stocks To Invest In Right Now: Autodesk, Inc.(ADSK)
Advisors’ Opinion:
- [By Motley Fool Staff]
In this segment from the Motley Fool Money podcast, host Chris Hill is joined by Jason Moser of Million Dollar Portfolio, David Kretzmann of Hidden Gems Canada, and Aaron Bush of Motley Fool Rule Breakers to discuss the stocks on their radar. Find out why National Beverage (NASDAQ:FIZZ), JPMorgan Chase (NYSE:JPM), and Autodesk (NASDAQ:ADSK) have piqued their interest.
- [By Joseph Griffin]
Burney Co. decreased its stake in shares of Autodesk (NASDAQ:ADSK) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,772 shares of the software company’s stock after selling 630 shares during the quarter. Burney Co.’s holdings in Autodesk were worth $2,483,000 at the end of the most recent quarter.
- [By Stephan Byrd]
Massachusetts Financial Services Co. MA lessened its stake in Autodesk (NASDAQ:ADSK) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 523,354 shares of the software company’s stock after selling 15,426 shares during the period. Massachusetts Financial Services Co. MA owned 0.24% of Autodesk worth $65,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By ]
Though individual products within its lineup face competition from the likes of Adobe (ADBE) and Siemens, Autodesk (ADSK) is without a peer in the broader market for design and modeling software for industries such as construction, engineering and entertainment. And much like Adobe and Microsoft (MSFT) , Autodesk is finding that transitioning users of its core franchises from licenses to subscriptions is both making its business more predictable and increasing its long-term revenue opportunity with major clients.
- [By Chris Lange]
Autodesk Inc. (NASDAQ: ADSK) is poised to post its most recent quarterly results Thursday. The consensus forecast is $0.03 in EPS and $557.37 million in revenue. Shares closed at $138.85 apiece. The consensus price target is $148.25, and the 52-week range is $99.22 to $141.26.
Top 10 Tech Stocks To Invest In Right Now: CSG Systems International Inc.(CSGS)
Advisors’ Opinion:
- [By Joseph Griffin]
CSG International (NASDAQ:CSGS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.
Top 10 Tech Stocks To Invest In Right Now: NTT DOCOMO, Inc(DCM)
Advisors’ Opinion:
- [By Logan Wallace]
Bank of Hawaii bought a new position in NTT Docomo Inc (NYSE:DCM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,664 shares of the technology company’s stock, valued at approximately $222,000.
Top 10 Tech Stocks To Invest In Right Now: Qualys, Inc.(QLYS)
Advisors’ Opinion:
- [By ]
In the Lightning Round, Cramer was bullish on Align Technology (ALGN) , Regions Financial (RF) , Edwards Lifesciences (EW) , Qualys (QLYS) and HEICO (HEI) .
- [By ]
Qualys (QLYS) : “I think this is a good company, but everything is coming down, so let’s wait to buy some more.”
HEICO (HEI) : “We’re not buying anything at a 52-week high — but on a pullback, you bet.”
