Weekly Performance Review June 21st – 25th, 2021

Stocks notched solid gains and found fresh record highs this week.  The bounceback from last week’s loss came amid a fresh acceleration in the world economy, as well as optimism over the infrastructure agreement in Washington.  

The agreement between the White House and 10 bipartisan senators on a $1.2 trillion infrastructure package Thursday buoyed sentiment.  The plan covers funding for the improvement of the electrical grid, transit roads and bridges, broadband and other forms of infrastructure.   

The S&P 500 climbed 2.7% for the week, marking it’s best weekly gain since February.  The Dow added 3.4% and the Nasdaq rose 2.4% for the week.   

Congrats to our readers who are holding Twilio from our trade alert on June 7th.  TWLO share price has gained 22% since we issued our call to action.  

To find out how our trades fared this week and for more market insight from our team, read on.  

06-21-2021_FVRR up 7.71%

Fiverr International (FVRR) is a bet on the burgeoning gig economy.  The company operates an online freelancing platform that connects buyers and sellers.  Fiverr’s platform allows freelancers to connect with buyers in a variety of verticals, such as graphic designing, digital marketing, translation, legal and more.

Fiverr share price gained almost 700% in 2020, but the stock has pulled back nearly 30% from it’s mid-February peak.  Of nine analysts polled, 7 rate the stock a Buy and two call it a Hold.  There are no Sell ratings for FVRR stock.  

06-21-2021_CWH up 6.47%

Mid-cap Camping World Holdings (CWH) is America’s largest retailer of new and used RVs and related products and services.

CWH earnings are forecast to grow 25.29% per year for the next 3 years.  What’s more, the  current price to earnings ratio for CWH is just 7.8x.  When compared to the US Specialty Retail industry average of 13.3x, the stock looks like an extreme value at its current price.      

06-22-2021_MGA up 2.58%

Ontario-based auto component producer Magna International Inc. (MGA) is making considerable strides in revving up vehicle electrification capabilities.

The company is set to benefit as Legacy automakers like Ford (F) and General Motors (GM) are committing to heavy EV spending.  To meet growing demand, Magna says it will invest $70 million over the next five years to construct an EV battery-component plant in Michigan.  Production at the state of the art facility is set to commence in early 2022 with battery enclosures for General Motors’ new GMC Hummer EV.  

Meanwhile, there are whispers in the pipeline that the long-rumored EV from Apple (APPL) may come to life with the help of Magna.  In April, The Korea Times said LG Electronics and Magna were “very near” to signing a deal with Apple to build its initial electric cars.  There hasn’t been confirmation on that, but the prospect is pretty exciting.  

06-23-2021_FSLR up 11.65%

First Solar Inc. (FSLR) is a leader in the solar industry and unlike many burgeoning solar companies, they have a rock solid balance sheet that can handle the challenges of an economic downturn. 

There is plenty of upside in the sector and plenty of room for growth.  Overall, solar energy only accounts for around 2% of the total grid usage right now.  That number is primed to go up and First Solar is preparing for growing demand.  Earlier this month, company execs announced plans for a third factory in Ohio that will effectively double its production capacity.  

With a current P/E ratio of just 16, FSLR stock seems like a value when compared to the industry average P/E of 47.

06-24-2021_ETSY up 2.98%

The number of buyers and sellers on its platform has surged over the last year, nearly doubling.  Investors should expect slower growth over the rest of the year as the company laps the blowout pandemic performance, but Etsy is still positioned for long-term success.  

Many of Etsy’s new users will remain beyond the pandemic as the company offers a unique platform, and for both buyers and sellers there isn’t a similar marketplace offering the vast customer base or the breadth of unique products that Etsy has. 

Of the 16 analysts offering recommendations for ETSY stock, 13 rate the stock a Buy, 2 call it a Hold and only one says to Sell ETSY.  An average price target of $226.13 implies a 34% upside for the stock.  

06-25-2021_MGNI up 2.93%

Magnite is increasingly turning its focus to connected TV, a market that’s expected to grow at a CAGR of 23% and a platform that is mostly outside of Google’s domain.  They are looking towards a shift to a sell-side platform, which would give more power to clients and develop better access to user data.  

Analysts expect Magnite’s revenue to increase 79% to $395.9 million this year, and grow another 30% to $514.3 million in 2022. Plus, adjusted EPS for MGNI is expected to soar 250% this year.  

On August 3rd, the digital ad exchange operator will be looking to surpass analyst expectations of $0.11/ share in quarterly earnings, which represents a year-over-year increase of 210%.  Revenues are expected to be $95 million, up 124.3% from the previous year.  

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