Coupang Stock (NYSE:CPNG), Trade Ideas

Coupang

Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.

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Shares of  JPMorgan Chase &amp; Co. (NYSE: JPM) fell sharply during Friday’s session following first-quarter earnings.

Why JPMorgan Shares Are Trading Lower By Around 5%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

food delivery

Coupang will raise its membership fees by 58% beginning on Saturday for new customers, according to a report from the Korean Times. The company&#39;s membership service boasts approximately 14 million subscribers and benefits include next-day shipping, free returns, video streaming and Coupang Eats food delivery service. 

Why Coupang Stock Is Up Friday

Coupang Inc

<p><a href="https://news.bloomberglaw.com/daily-labor-report/lgbtq-health-care-bias-protections-gets-hhs-greenlight">https://news.bloomberglaw.com/daily-labor-report/lgbtq-health-care-bias-protections-gets-hhs-greenlight</a></p>
<ul>
<li>Health programs can't discriminate against LGBTQ patients</li>
<li>Rule follows US Supreme Court decision in <i>Bostock</i></li>
</ul>
<p>The Biden administration is bolstering civil rights protections for transgender and other LGBTQ people in a federal rule that could quickly face legal challenges.</p>
<p>The final rule (RIN <a href="https://public-inspection.federalregister.gov/2024-08711.pdf">0945-AA17</a>), announced Friday by the Department of Health and Human Services, reverses a Trump-era regulation and restores gender identity and sexual orientation discrimination protections under Section 1557 of the Affordable Care Act.</p>
<p>Section 1557 prohibits discrimination on the basis of race, color, national origin, sex, age, or disability by entities that primarily provide health care and receive federal funding. It is enforced by the HHS Office for Civil Rights.</p>
<p>The new rule "means that Americans across the country now have a clear way to act on their rights against discrimination when they go to the doctor, talk with their health plan, or engage with health programs run by HHS," HHS Secretary Xavier Becerra said in a statement.</p>
<p>The new rule comes as over 20 states have limited or banned gender-affirming care for children, according to <a href="https://www.aamc.org/news/states-are-banning-gender-affirming-care-minors-what-does-mean-patients-and-providers">KFF</a>. KFF also noted that over a dozen states are facing lawsuits over their youth gender affirming care policies.</p>
<p>The rule also follows the US Supreme Court's 2020 decision in <a href="https://www.bloomberglaw.com/public/document/BostockvClaytonCounty140SCt34204LEd2d11912019CourtOpinion?doc_id=XD099DOG000N"><i>Bostock v. Clayton County</i></a>, in which the justices ruled that LGBTQ people are protected from discrimination under Title VII of the Civil Rights Act of 1964.</p>
<p>In light of <i>Bostock</i>, the Biden administration in 2021 announced it would interpret the word "sex" in the ACA to include gender identity.</p>
<p>Under the rule, the HHS will enforce its provisions for health insurance plans that do business through Medicare, Medicaid, or the Obamacare exchanges, including care provided under Medicare Part B, like that in a doctor's office.</p>


Biotech

Legal

General

"LGBTQ Health Care Bias Protections Gets HHS Green Light; Health Programs Can't Discriminate Against LGBTQ Patients" - Bloomberg Law

<p>First Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCAP#NASDAQ">FCAP</a>) reported quarterly earnings of $0.88 per share. This is a 22.81 percent decrease over earnings of $1.14 per share from the same period last year.</p>


Earnings

FCAP

First Cap Q1 EPS $0.88 Down From $1.14 YoY

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GOOG

GOOGL

Alphabet Inc Board Recommends Alphabet Shareholders To Vote Against Stockholder Proposal Regarding Ai Principles And Board Oversight

Offerings

TKO Group Files Prospectus Relates To Resale Of Up To 8.25M Shares Of Class A Common Stock By Selling Stockholders

Alphabet Inc CEO Sundar Pichai's 2023 Total Compensation Was $8.8M

<p><strong>Blizzard</strong> has <a href="https://blizzcon.com/en-us/news/24072107">canceled</a> its annual fan convention, BlizzCon, <a href="https://www.benzinga.com/general/gaming/24/04/38451061/microsoft-ceo-satya-nadella-highlights-record-breaking-gaming-performance-expansion-to-nintendo-sw">for 2024</a>.</p>
<p>The company cited &#8220;careful consideration over the last year&#8221; as the reason behind this decision. </p>
<p>Instead of BlizzCon, Blizzard plans to host smaller events throughout the year and participate in other trade shows like Gamescom. </p>
<p><em>See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38466580/microsoft-thanks-call-of-duty-candy-crush-for-sizzling-q3-gaming-results">Microsoft Thanks Call Of Duty, Candy Crush For Sizzling Q3 Gaming Results</a></em></p>
<p>Despite this year&#8217;s cancellation, Blizzard reassures fans that BlizzCon will return in the future: &#8220;While we're approaching this year differently and as we have explored different event formats in the past, rest assured that we are just as excited as ever to bring BlizzCon back in future years,&#8221; the video game developer added.</p>
<p>The cancellation comes amidst a significant year for Blizzard, marked by<strong> Microsoft Corp&#8217;</strong>s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) acquisition of the company for $68.7 billion, legal battles against the acquisition, and changes in the company&#8217;s leadership, including CEO <strong>Bobby Kotick</strong>&#8216;s departure after over 30 years.</p>
<p>BlizzCon has a history of cancellations. The most recent event to get nixed occurred in 2020 due to the COVID-19 pandemic. The event returned in an online format in 2021, but was canceled in 2022 due to workplace harassment lawsuits. </p>
<p>An in-person event took place in 2023.</p>
<p>It&#8217;s worth noting that the cancellation of BlizzCon 2024 coincides with the demise of E3 and a struggling video game industry facing layoffs and financial challenges. </p>
<p>Microsoft&#8217;s recent layoffs of 1,900 employees across Activision Blizzard and Xbox further underscore the industry&#8217;s difficulties.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/general/gaming/24/04/38342845/can-blizzard-keep-its-autonomy-post-microsoft-acquisition-no-one-asking-us-to-do-anything-says-wor">Can Blizzard Keep Its Autonomy Post-Microsoft Acquisition? &#8216;No One Asking Us To Do Anything,&#8217; Says World Of Warcraft Exec</a></em></p>
<p><em>Image credits: <a href="https://www.shutterstock.com/es/g/randymir">Randy Miramontez</a> on Shutterstock.</em></p>


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MSFT

Why Microsoft's Activision Blizzard Killed Off Blizzcon 2024

Southwest Airlines Received Five -8 Aircraft Deliveries From Boeing In Q1 2024 And Retired Three 737-700 ("-700") Aircraft; As Result Of Boeing's Delivery Delays, Has Re-Planned Its Capacity & Delivery Expectations For Remainder Of This Year & Next

L3Harris CEO Chris Kubasik On 5% Workforce Cut, Says "Was Right Thing To Do For The Business"

CLVRW

Trading Halt: Halt status updated at 4:40:00 PM ET: Quotation Resumption: News and Resumption Times

ACHV

Achieve Life Sciences Files Prospectus Related To Offer & Sale From Time To Time Of Up To 13.1M Shares Of Common Stock, By Selling Stockholders

SQFT

Presidio Property Trust Inc Files For Mixed Shelf Offering Of Up To $50M

<p><strong>Business Outlook</strong></p>
<p>The Company expects its total revenues to be in the range of RMB310 million to RMB320 million in the first quarter of 2024. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof. &nbsp;</p>


Guidance

Scienjoy Holding Sees Q1 2024 Revenue RMB310 Million To RMB320 Million

<p><strong>Fiscal Year 2023 Financial Results</strong></p>
<p><strong>Total revenues</strong> decreased by 25.0% to RMB1,464.9 million (US$206.3 million) for the year ended December 31, 2023 from RMB1,953.3 million for the year ended December 31, 2022, primarily caused by decrease of paying users and average revenue per paying user ("ARPPU") due to competitive landscape of China's mobile live streaming market.&nbsp;</p>
<p><strong>Cost of revenues</strong> decreased by 23.8% to RMB1,272.1 million (US$179.2 million) for the year ended December 31, 2023 from RMB1,670.1 million for the year ended December 31, 2022. The decrease was primarily attributable to a 23.8%, or RMB362.1 million, year-over-year decrease in the Company's revenue sharing fees and content costs. &nbsp;</p>
<p><strong>Gross profit</strong> decreased by 31.9% to RMB192.7 million (US$27.1 million) for the year ended December 31, 2023 from RMB283.2 million for the year ended December 31, 2022.</p>
<p><strong>Total operating expenses</strong> increased by 27.4% to RMB169.9 million (US$23.9 million) for the year ended December 31, 2023 from RMB133.4 million for the year ended December 31, 2022.</p>
<ul>
<li>Sales and marketing expenses decreased by 36.3% to RMB1.4 million (US$0.2 million) for the year ended December 31, 2023 from RMB2.1 million for the year ended December 31, 2022, primarily due to fewer marketing activities as the Company tightened the budget based on current operating needs.</li>
<li>General and administrative expenses increased by23.9% to RMB75.6 million (US$10.6 million) for the year ended December 31, 2023 from RMB61.0 million for the year ended December 31, 2022. The increase was primarily due to an increase of RMB4.9 million in employee salary and welfare, an increase of RMB4.0 million in share base compensations and an increase of RMB2.5 million office renovation expenses.</li>
<li>Research and development expenses increased by 11.2% to RMB75.1 million (US$10.6 million) for the year ended December 31, 2023 from RMB67.5 million for the year ended December 31, 2022, due to an increase of RMB7.5 million in employee salary and welfare.</li>
<li>Provision for doubtful accounts increased by 552.2% to RMB17.9 million (US$2.5 million) for the year ended December 31, 2023 from RMB2.7 million for the year ended December 31, 2022, primary due to one-time credit loss provision of RMB16.3 million for the loan receivable.</li>
</ul>
<p><strong>Income from operations</strong> decreased by 84.8% to RMB22.8 million (US$3.2 million) for the year ended December 31, 2023 from RMB149.8 million for the year ended December 31, 2022. If excluded one-time provision for credit loss of RMB16.3 million, our income from operation would amount to RMB39.1 million (US$5.5 million) for the year ended December 31, 2023.</p>
<p><strong>Change in fair value of contingent consideration</strong> amounted to a loss of RMB5.6 million (US$0.8 million) for the year ended December 31, 2023, as compared to a gain of RMB 13.1 million for the year ended December 31, 2022. Change in fair value of contingent consideration is derived from earn out liabilities resulted from historical acquisitions. The fair value of the contingent consideration is re-measured at each reporting period, and the change in fair value is recognized as either income or expense.&nbsp;</p>
<p><strong>Change in fair value of warrants liability&nbsp;</strong>decreased to a gain of RMB 0.2 million (US$0.02 million) for the year ended December 31, 2023 from a gain of RMB10.8 million for the year ended December 31, 2022. The fair value of the Company's warrants derivative liability assumed from the SPAC acquisition is re-measured to its fair value at the end of each reporting period, with the change being recorded as other expense or gain.</p>
<p><strong>Change in fair value of investment in marketable security</strong> amounted to a loss of RMB9.0 million (US$1.3 million) for the year ended December 31, 2023, as compared with a gain of RMB1.8 million for year ended December 31, 2022. The change was primarily attributable to the fair value changes in investments in publicly traded company.</p>
<p><strong>Investment loss</strong> amounted to RMB31.3 million (US$4.4 million) for the year ended December 31, 2023 as compared with an investment income of RMB25.4 million for the year ended December 31, 2022. The investment loss for the year ended December 31, 2023 was primarily attributable to one-time share of unrealized loss of RMB30.7 million in the long-term investments.</p>
<p><strong>Impairment of long-term investments</strong> amounted to RMB11.8 million (US$1.7 million) for the year ended December 31, 2023, and no such impairment suffered for the year ended December 31, 2022.</p>
<p><strong>Net loss</strong> amounted to RMB35.0 million (US$4.9 million)&nbsp;for the year ended December 31 2023, as compared to a net income of RMB195.2 million for the year ended December 31, 2022.&nbsp;</p>
<p><strong>Net loss attributable to the Company's shareholders</strong> amounted to RMB30.8 million (US$4.3 million) for the year ended December 31, 2023, as compared to a net income attributable to the Company's shareholders of RMB193.3 million for the year ended December 31, 2022. If excluded one-time expenses amounting to RMB58.8 million in investment impairment, share of unrealized loss, and provision for credit loss, the Company had net income attributable to the Company's shareholders of RMB28.0 million (US$3.9 million) for the year ended December 31, 2023.</p>
<p><strong>Adjusted net loss attributable to the Company's shareholders&nbsp;</strong>amounted to RMB11.7 million (US$1.6 million) for the year ended December 31, 2023, as compared to a net income adjusted attributable to the Company's shareholders of RMB181.4 million for the year ended December 31, 2022.</p>
<p><strong>Basic and diluted net loss attributable to the Company's shareholders per ordinary share</strong> were both RMB0.76 (US$0.11) for the year ended December 31, 2023. In comparison, basic and diluted net income attributable to the Company's shareholders per ordinary share were both RMB4.92 for the year ended December 31, 2022.</p>
<p><strong>Adjusted basic and diluted net loss attributable to the Company's shareholders per ordinary share</strong> were both RMB0.29 (US$0.04) for the year ended December 31, 2023. In comparison, adjusted basic and diluted net income attributable to the Company's shareholders per ordinary share were both RMB4.62 for the year ended December 31, 2022.</p>
<p>As of December 31, 2023, the Company had&nbsp;<strong>cash and cash equivalents</strong> of RMB205.5 million (US$28.9 million), which represented an increase of 17.2% from RMB175.3 million as of December 31, 2022.</p>


Scienjoy Holding FY23 EPS $(0.04); Revenue $206.3M

<p>Ebang Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBON#NASDAQ">EBON</a>) reported quarterly losses of $(5.86) per share. This is a 16.64 percent increase over losses of $(7.03) per share from the same period last year.  The company reported $4.86 million in sales this quarter. This is a 84.98 percent decrease over sales of $32.33 million the same period last year.</p>


EBON

Ebang Intl Hldgs FY EPS $(5.86) Up From $(7.03) YoY, Sales $4.86M Down From $32.33M YoY

<p>CB Financial Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBFV#NASDAQ">CBFV</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.55 by 12.73 percent. This is a 19.48 percent decrease over earnings of $0.77 per share from the same period last year.</p>


Earnings Beats

CBFV

CB Financial Services Q1 Adj $0.62 Beats $0.55 Estimate

CLVR

Trading Halt: Halt status updated at 4:35:00 PM ET: Quotation Resumption: News and Resumption Times

<p><strong>Pagaya Technologies Ltd.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.</p>
<p>Shares of this company have returned -8.4% over the past month versus the Zacks S&amp;P 500 composite&#39;s -3% change. The Zacks Technology Services industry, to which Pagaya Technologies Ltd. belongs, has lost 8% over this period. Now the key question is: Where could the stock be headed in the near term?</p>
<p>Although media reports or rumors about a significant change in a company&#39;s business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.</p>
<p><strong>Earnings Estimate Revisions</strong></p>
<p>Here at Zacks, we prioritize appraising the change in the projection of a company&#39;s future earnings over anything else. That&#39;s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.</p>
<p>We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.</p>
<p>For the current quarter, Pagaya Technologies Ltd. is expected to post earnings of $0.16 per share, indicating a change of +166.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +17.7% over the last 30 days.</p>
<p>The consensus earnings estimate of $0.98 for the current fiscal year indicates a year-over-year change of +308.3%. This estimate has changed +22.7% over the last 30 days.</p>
<p>For the next fiscal year, the consensus earnings estimate of $1.97 indicates a change of +100.5% from what Pagaya Technologies Ltd. is expected to report a year ago. Over the past month, the estimate has changed +8.2%.</p>
<p>With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Pagaya Technologies Ltd.</p>
<p>The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:</p>
<p><strong>12 Month EPS</strong></p>
<p><strong>Projected Revenue Growth</strong></p>
<p>While earnings growth is arguably the most superior indicator of a company&#39;s financial health, nothing happens as such if a business isn&#39;t able to grow its revenues. After all, it&#39;s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it&#39;s important to know a company&#39;s potential revenue growth.</p>
<p>In the case of Pagaya Technologies Ltd. the consensus sales estimate of $229.45 million for the current quarter points to a year-over-year change of +22.9%. The $997.77 million and $1.23 billion estimates for the current and next fiscal years indicate changes of +26% and +23.6%, respectively.</p>
<p><strong>Last Reported Results and Surprise History</strong></p>
<p>Pagaya Technologies Ltd. reported revenues of $218.04 million in the last reported quarter, representing a year-over-year change of +13%. EPS of $0.24 for the same period compares with -$0.12 a year ago.</p>
<p>Compared to the Zacks Consensus Estimate of $222.74 million, the reported revenues represent a surprise of -2.11%. The EPS surprise was -33.33%.</p>
<p>The company could not beat consensus EPS estimates in any of the last four quarters. The company topped consensus revenue estimates two times over this period.</p>
<p><strong>Valuation</strong></p>
<p>Without considering a stock&#39;s valuation, no investment decision can be efficient. In predicting a stock&#39;s future price performance, it&#39;s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects.</p>
<p>While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.</p>
<p>The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.</p>
<p>Pagaya Technologies Ltd. is graded B on this front, indicating that it is trading at a discount to its peers.</p>
<p><strong>Conclusion</strong></p>
<p>The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about Pagaya Technologies Ltd. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.</p>
<p><a href="https://www.zacks.com/stock/news/2262045/pagaya-technologies-ltd-pgy-is-a-trending-stock-facts-to-know-before-betting-on-it?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_-_v1-2262045">To read this article on Zacks.com click here.</a></p>


Tech

Pagaya Technologies Ltd. Is a Trending Stock: Facts to Know Before Betting on It

<div><strong>Pam Transportation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ptsi#NASDAQ">PTSI</a>), the auto industry-focused truckload carrier whose stock has been battered in the past year and beyond, is buying back some of its shares through a process known as a Dutch auction. </div>

<p>Companies buy back their stock frequently but generally do so in a lower-key manner, entering the market as an occasional or frequent buyer operating through the normal processes of the equity markets. Companies often declare their intention to buy back stock over a certain period, but the specifics of those purchases are far less transparent and open-ended than in a Dutch auction.</p>

<p>By contrast, Pam announced the Dutch auction in a press release and in a Securities and Exchange Commission filing Wednesday.</p>

<p>If one of the goals of the Dutch auction was to boost the company's stock price, it was working Thursday. At approximately 1:30 p.m., Pam stock was up $2.97, a gain of 20.43%, to $17.51.<br /><script type="text/javascript">
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<p>Pam's stock set its 52-week high on June 7, 2023, when it reached $28.77. Its 52-week low was $13.51 on Monday, a decline of 53% since the 52-week high.</p>

<p>The stock decline has been more dramatic since its high-water mark of near $40 in November 2022. The percentage decline from the peak to the recent 52-week low is roughly two-thirds. </p>

<p>Pam has not paid a dividend since a special one-time payout in 2012.</p>

<p>Pam executives are prohibited from discussing the offer while it is in what is known as "quiet time" before an action governed by SEC rules.<br /><script type="text/javascript">
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<p>However, the goals of the auction were set forth in a company filing with the SEC.</p>

<p>"Our Board of Directors has determined that the Offer is a prudent use of our financial resources and presents an appropriate balance between meeting the needs of our business and delivering value to our stockholders" the document said. "Our Board of Directors determined that a cash tender offer is an appropriate mechanism to return capital to stockholders that seek liquidity under current market conditions while, at the same time, allowing other stockholders to share in a higher portion of our future potential."</p>

<p>The auction "provides stockholders (particularly those who, because of the size of their shareholdings, might not be able to sell their shares without potential disruption to the share price) with an opportunity to obtain liquidity with respect to all or a portion of their shares, without potential disruption to the share price and the usual transaction costs associated with market sales."</p>

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<p>One shareholder who fits the bill of not being able to sell without "potential disruption to the share price" is Pam Chairman Matthew Moroun and the trusts his family controls. Those individuals and trusts own more than 50% of the company, according to Pam's 10-K filing with the SEC in March. </p>

<p>The SEC filings note that management participation in the Dutch auction is permitted.</p>

<p>But even shareholders who get shut out or choose to sit out the auction will benefit, Pam's filing said. "If we complete the offer, stockholders who do not participate in the offer will automatically increase their relative percentage ownership interest in us and our future operations at no additional cost to them" the company said.</p>

<p>In a Dutch auction, shareholders are invited to offer their shares at a designated price. Pam has set the range for bids it will accept as $15.50 to $18. All of the bids are in increments of 50 cents.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/25/dutch-auction-offer.jpg" /><br /><script type="text/javascript">
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<p><em>What the Dutch auction offer looks like</em></p>

<p>Pam then would review the bids and accept up to 550,000 shares at the lowest price it can select to fulfill its goal of buying that quantity. The quantity is about 2.5% of the number of outstanding Pam shares.</p>

<p>Under Dutch auction procedures, the company can choose to accept fewer than 550,000 shares. Pam also can buy shares in excess of 550,000.</p>

<p>The offer is open until May 22.</p>

<p>Master Class, the online education offering, laid out in one of its presentations the pros and cons of a Dutch auction. Its benefits: It is faster than a traditional auction (and the normal process for buying and selling shares is a type of auction); it might benefit a company like Pam because the shareholders looking to sell their shares "don't know what prices the other bidders are willing to pay. This uncertainty can make them more willing to pay a higher price to make a successful bid and quickly achieve closure"; and the process can "help determine the best asking price." For that reason, Dutch auctions are often used to sell shares in an IPO rather than having the underwriters set the price.</p>

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<p>Pam's fortunes have long been tied to the fate of the automotive industry. In its 10-K filing with the SEC for this year, Pam said its top five customers, based on revenue, accounted for about 34% of its revenue. General Motors accounted for about 12%.</p>

<p>Few analysts cover Pam stock. But CFRA, an independent research firm, has a buy rating on the company's stock.</p>

<p>Pam had a tough first quarter. Its revenue net of fuel was $161 million, down from $193.4 million a year earlier. The company was barely profitable, with net earnings of 1 cent per share, but posted an operating loss. A year ago, net income was 23 cents.</p>

<p>The post <a href="https://www.freightwaves.com/news/pam-sets-dutch-auction-to-buy-back-shares-battered-stock-price-soars">Pam sets Dutch auction to buy back shares; battered stock price soars</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

PTSI

Pam Sets Dutch Auction to Buy Back Shares; Battered Stock Price Soars

<p>Affinity Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFBI#NASDAQ">AFBI</a>) reported quarterly earnings of $0.20 per share. This is a 23.08 percent decrease over earnings of $0.26 per share from the same period last year.</p>


AFBI

Affinity Bancshares Q1 EPS $0.20 Down From $0.26 YoY

<p>In the latest market close, <strong>Alibaba</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) reached $75.11, with a +0.64% movement compared to the previous day. This change outpaced the S&amp;P 500&#39;s 0.46% loss on the day. At the same time, the Dow lost 0.98%, and the tech-heavy Nasdaq lost 0.64%.</p>
<p>Shares of the online retailer witnessed a gain of 4.25% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 3.05% and the S&amp;P 500&#39;s loss of 3.04%.</p>
<p>Market participants will be closely following the financial results of Alibaba in its upcoming release. The company is expected to report EPS of $1.20, down 23.08% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.83 billion, up 1.7% from the year-ago period.</p>
<p>Investors should also take note of any recent adjustments to analyst estimates for Alibaba. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts&#39; favorable outlook on the company&#39;s business health and profitability.</p>
<p>Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we&#39;ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.</p>
<p>The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.8% decrease. As of now, Alibaba holds a Zacks Rank of #4 (Sell).</p>
<p>From a valuation perspective, Alibaba is currently exchanging hands at a Forward P/E ratio of 9.01. This expresses a discount compared to the average Forward P/E of 21.16 of its industry.</p>
<p>The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 38, placing it within the top 16% of over 250 industries.</p>
<p>The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.</p>
<p><a href="https://www.zacks.com/stock/news/2262738/why-the-market-dipped-but-alibaba-baba-gained-today?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6-2262738">To read this article on Zacks.com click here.</a></p>


BABA

Why the Market Dipped But Alibaba Gained Today

Maybe you've seen the trending stock tickers today and noticed that Coupang (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) stock was on a rocket ride higher. There's nothing wrong wi...

Coupang Stock (NYSE:CPNG): Should You Ride This Rocket Higher?

Citi analyst John Yu upgraded the rating on Coupang (CPNG – Research Report) to a Buy today, setting a price target of $26.00. John Yu has given hi...

Coupang's Strategic Pricing and Subscription Fee Increase Bolster Buy Rating

Citigroup sees Coupang subscription price hike as 'highly profitable'

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Coupang (CPNG – Research Report) and JD (JD –...

Analysts Are Bullish on Top Consumer Cyclical Stocks: Coupang (CPNG), JD (JD)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Generally, the idea of selling securities rankles the public&rsquo;s nerve, yet trimming overbought stocks is just as important a discipline as knowing what to buy. It might be even more important than the latter concept.</p>



<p>Imagine you&rsquo;re a professional baseball team. You&rsquo;re charged with bringing home a title to your hometown&rsquo;s favorite ballclub. Fortunately, you have a tremendous starting pitching lineup. Unfortunately &ndash; as the Los Angeles Dodgers have found out &ndash; you need relief pitching to close out games. Otherwise, you&rsquo;d be throwing away W&rsquo;s and replacing them (needlessly) with L&rsquo;s.</p>



<p>That&rsquo;s the narrative behind overbought stocks. You got in early. That&rsquo;s awesome. Now, close out the game before all that good work goes for naught.</p>



<h2>Coupang (CPNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/coupang-1600-300x169.jpg" alt="The Coupang (CPNG stock) campus in Silicon Valley, California."><div>Source: Michael Vi / Shutterstock.com</div></div><p>Based in South Korea, <strong>Coupang</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cpng-stock-quote/"><strong>CPNG</strong></a>) owns and operates retail businesses through its mobile applications and Internet websites. Its online marketplace offers a variety of product categories, from sporting goods to consumer electronics to even fresh food and groceries. Commanding a stronghold in the South Korean market, Coupang naturally attracted speculative interest when it succumbed to a multi-month low this past February.</p>



<p>However, shares may have gone too far, too fast. On a year-to-date basis, CPNG stock returned over 43%. At time of writing, its <a href="https://www.barchart.com/stocks/quotes/CPNG/technical-chart?plot=BAR&amp;volume=total&amp;data=DO&amp;density=M&amp;pricesOn=1&amp;asPctChange=0&amp;logscale=0&amp;indicators=RSI(14,100)&amp;sym=CPNG&amp;grid=1&amp;height=500&amp;studyheight=100">relative strength indicator</a> clocks in at over 84 points. The cutoff for when a security is considered overbought is 70. So, from a technical standpoint, investors may want to consider trimming their exposure.</p>



<p>On a financial note, CPNG stock trades at 1.66X trailing-year revenue. That&rsquo;s above the sector median value of 0.67X. To be fair, analysts project revenue of $29.17 billion for the current fiscal year. That&rsquo;s up 19.6% from 2023&rsquo;s sales haul of $24.38 billion.</p>



<p>Nevertheless, even at the most optimistic revenue forecast of $31.4 billion, Coupang would trade at a sales multiple of 1.15X. So, it&rsquo;s one of the overbought stocks to trim.</p>



<h2>Argan (AGX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/sell-red-dice-300x169.jpg" alt="earnings"><div>Source: Shutterstock</div></div><p>Operating under the industrials sector, <strong>Argan</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/agx-stock-quote/"><strong>AGX</strong></a>) specializes in the engineering and construction field. Through its subsidiaries, the company provides engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market. Given its relevance to the green and renewable energy space, it&rsquo;s no shock that AGX stock benefited from upside momentum.</p>



<p>However, it&rsquo;s also possible that, as with Coupang above, shares have gone too far, too fast. Since the beginning of the year, AGX stock gained almost 30% of equity value. Most of this upside came in the last five sessions, which saw Argan swing up 22%. Right now, its RSI reads 80.75 points. Technically speaking, that makes it one of the overbought stocks.</p>



<p>Financially, the issue comes with the rich <a href="https://www.gurufocus.com/stock/AGX/summary?search=agx">sales multiple of 1.44X</a>. In contrast, the sector median value sits at 0.76X. To be fair, analysts anticipate that by the end of the current fiscal year (2025), Argan will post sales of $724.35 million. That&rsquo;s up 26.3% from last year&rsquo;s tally of $573.33 million.</p>



<p>Still, even at the most optimistic forecast of $737.7 million, AGX stock would trade at a revenue multiple of around 1.1X.</p>



<h2>Janux Therapeutics (JANX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/biotechnology1600-300x169.png" alt="Biotechnology stocks, biomedical stocks"><div>Source: aslysun / Shutterstock.com</div></div><p>A biotechnology specialist, <strong>Janux Therapeutics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/janx-stock-quote/"><strong>JANX</strong></a>) is a clinical-stage enterprise focused on the development of immunotherapies. These encompass unique platforms that leverage advanced tech to treat patients suffering from cancer. One of its core products addressing <a href="https://www.biospace.com/article/janux-s-stock-skyrockets-172-percent-on-positive-results-for-two-candidates-in-phase-i-trials-/#:~:text=All%20(808%2C293)-,Janux's%20Stock%20Skyrockets%20172%25%20on%20Positive%20Results%20for,Candidates%20in%20Phase%20I%20Trials&amp;text=San%20Diego%2Dbased%20Janux%20Therapeutics,and%20late%2Dstage%20solid%20tumors.">metastatic castration-resistant prostate cancer</a> is currently in Phase 1 trials.</p>



<p>Despite the extraordinary relevancies that Janux offers, the bulk of the optimism may have been priced in. Notably, in the past five sessions, JANX stock already gained almost 28% of market value. Since the start of the year, shares have skyrocketed nearly 359%. Part of the enthusiasm may be attributed to <a href="https://fintel.io/ss/us/janx">high short interest</a> (20.17% of the float) against JANX.</p>



<p>Basically, a rising price can easily panic bears out of their position. Still, one has to question if there&rsquo;s more legs left. Even though the RSI dipped to 72.59 points, it&rsquo;s still considered one of the overbought stocks.</p>



<p>Here&rsquo;s the deal: JANX stock now trades at nearly 278X trailing-year revenue. The problem is that even at the highest revenue target of $5 million by the end of fiscal 2024, it&rsquo;s still below the $8.08 million posted last year. Thus, taking some profits might not be a bad idea.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/take-the-money-and-run-3-overbought-stocks-to-sell-asap/">Take the Money and Run: 3 Overbought Stocks to Sell ASAP</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Take the Money and Run: 3 Overbought Stocks to Sell ASAP

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Coupang (CPNG – Research Report) and Las Vega...

Analysts Offer Insights on Consumer Cyclical Companies: Coupang (CPNG) and Las Vegas Sands (LVS)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/industries/consumer-discretionary/retail/">Retail stocks</a> have long been a favorite sector for long-term investors. Why? Well, we all need to shop for things like groceries and clothes. Without these retail companies providing us with stores or websites, where would we get the things we need to survive? Because of this, retail stocks oftentimes provide a floor of safety and stability, as well as the potential for upside growth.&nbsp;</p>



<p>These stocks are also a bellwether for the strength of the economy and consumer sentiment. When retail companies do well, it usually means good things for other sectors as well. Overall, more consumer spending means a higher-functioning economy which can lead to more jobs and more opportunities. If you don&rsquo;t have any exposure to retail companies, start by checking out these top three to buy for the second quarter!</p>



<h2><strong>Costco Wholesale</strong> <strong>(COST)&nbsp;</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/cost1600-300x169.jpg" alt="A Costco Wholesale (COST) warehouse in Auburn Hills, Michigan."><div>Source: ilzesgimene / Shutterstock.com</div></div><p><strong>Costco </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/cost-stock-quote/"><strong>COST</strong></a>) is an American multinational wholesale retail company. It operates more than 870 membership-only locations worldwide. The stock has an average analyst <a href="https://ca.finance.yahoo.com/quote/COST/analysis">price target</a> of $780.20 with a street-high target of $905.00. Currently, Costco is trading at about 7% lower than the average price target.&nbsp;</p>



<p>The magic of Costco is that it holds one of the strongest business models in history. Costco operates by offering access to wholesale pricing with an annual membership for each household. Over the years, Costco has been able to raise the cost of its membership, which now starts at $60.00 annually. This business model has allowed Costco to benefit from higher margins and aggressively expand into other markets including Mexico, Japan, and China.&nbsp;</p>



<p>Don&rsquo;t let the high stock price fool you. Costco trades at just <a href="https://ca.finance.yahoo.com/quote/COST/key-statistics">1.3x sales</a>. Costco has always traded at a pricer earnings multiple and is currently trading at 46x forward earnings. Additionally, compared to competitors, Costco&rsquo;s five-year revenue CAGR of <a href="https://www.alphaspread.com/security/nasdaq/cost/financials/income-statement/revenue">11%</a> has allowed it to beat out most of its retail rivals. As long as the hot dog remains at $1.50, Costco will be a reliable investment worthy of any long-term portfolio.&nbsp;</p>



<h2><strong>Walmart (WMT)&nbsp;</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/wmt-stock-9-300x169.jpg" alt="A photo of the Walmart (WMT) logo on the side of a truck."><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>Walmart </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/"><strong>WMT</strong></a>) is the world&rsquo;s second-largest retail company by market cap after Amazon. It operates more than 10,500 stores across 19 countries worldwide. Analysts remain bullish on Walmart with an average <a href="https://finance.yahoo.com/quote/WMT/analysis">price target</a> of $65.74 and a street-high target of $75.00.&nbsp;</p>



<p>In an economy with persistent inflation and perpetually on the brink of a recession, discount retailers like Walmart continue to do well. Much of this has to do with Walmart&rsquo;s investment in its eCommerce platform, which crossed $100 billion in sales in 2023. With rising margins and cutting costs, CEO Doug MacMillan has assured customers and shareholders that Walmart will be able to continue to lower prices in the face of inflation.&nbsp;</p>



<p>As great as that sounds, it&rsquo;s hard to get excited about Walmart stock, but maybe that&rsquo;s a good thing. Shares are trading at <a href="https://finance.yahoo.com/quote/WMT/key-statistics">0.75x sales</a> and 25.5x forward earnings. That means investors can buy Walmart now at a cheap multiple, all while benefiting from its great historical 18% five-year <a href="https://www.alphaspread.com/security/nyse/wmt/financials/income-statement/net-income-common">net income</a> CAGR. To top it off, in the last five years, Walmart stock returned 77% to shareholders and raised its quarterly dividend to $0.207 per share!&nbsp;</p>



<h2><strong>Coupang (CPNG)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/cpng-stock-1-300x169.jpg" alt="A close-up shot of a Coupang (CPNG) delivery vehicle."><div>Source: Ki young / Shutterstock.com</div></div><p><strong>Coupang </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/cpng-stock-quote/"><strong>CPNG</strong></a>) is a South Korean eCommerce company that operates primarily in its domestic market. After a strong recent performance, CPNG stock has reached the level of the average <a href="https://finance.yahoo.com/quote/CPNG/analysis">price target</a> from analysts at $21.28. The most aggressive price target for Coupang on Wall Street is $31.00.&nbsp;</p>



<p>You might have noticed Coupang&rsquo;s recent rally after the company aggressively raised its monthly subscriber price. Coupang&rsquo;s Wow membership is now $5.74 per month which is a nearly 60% bump in cost. As of the end of 2023, Coupang had <a href="https://asia.nikkei.com/Business/Retail/South-Korea-s-Coupang-plans-2bn-expansion-of-next-day-delivery#:~:text=Coupang%20has%20invested%206%20trillion,90%25%20of%20South%20Korean%20households.">21 million</a> active users, which made up around 90% of South Korean households. Thus far, Coupang has done well to fend off the likes of large U.S retail gaints like Walmart as South Koreans have remained loyal to their home brand.&nbsp;</p>



<p>Even after Coupang&rsquo;s recent performance, the stock still just trades at <a href="https://finance.yahoo.com/quote/CPNG/key-statistics">1.5x sales.</a> This is a cheap multiple for the stock considering Coupang has grown its <a href="https://www.alphaspread.com/security/nyse/cpng/financials/income-statement/revenue">revenue</a> by a CAGR of 27% over the past three years. Coupang is still relatively unknown outside of Asia but presents a rare opportunity for a retail stock to provide hyper-growth over the next few years.&nbsp;</p>



<p><em>On the date of publication, Ian Hartana and Vayun Chugh did not hold (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&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>
<div><p>Chandler Capital is the work of Ian Hartana and Vayun Chugh. 

Ian Hartana and Vayun Chugh are both self-taught investors whose work has been featured in Seeking Alpha. Their research primarily revolves around GARP stocks with a long-term investment perspective encompassing diverse sectors such as technology, energy, and healthcare.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-retail-stocks-to-buy-now-q2-edition/">3 Retail Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Retail Stocks to Buy Now: Q2 Edition

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COST

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Press Releases

SUIC's IHart Bags Big Orders - Top 3 E-Commerce Platforms With Over 70 Million Monthly Visits, Leading Convenience Stores 7-Eleven & Family Mart With 8000 Outlets, a Government Agency, a TV Network, Hotels, Supplier Channels and More

Coupang to Announce Third Quarter 2023 Results on November 7, 2023

Coupang Announces Results for Third Quarter 2023

Opportunity Awaits as E-Commerce in Southeast Asia is Booming

Coupang to Acquire the Business and Assets of Farfetch Holdings, Bringing the Future of Commerce to the $400B Global Personal Luxury Goods Segment

Coupang Completes Acquisition of Farfetch

Coupang to Announce Fourth Quarter 2023 Results on February 27, 2024

Coupang Announces Results for Fourth Quarter 2023

Coupang Partners with the U.S. Department of Commerce to Co-host EMPOWER Asia Webinars to Promote U.S. Exports

Coupang to Announce First Quarter 2024 Results on May 7, 2024

SOPA

SUIC

Amazon.com