These two recent IPOs could be buys into earnings, traders argue

One name looks like the best bet, according to"I really like Lemonade, it's in the insurance business. I consider insurance to be sort of the dentistry of finance. Everybody hates it but everybody has to have it," Schlossberg said Monday on CNBC's "What sets Lemonade apart from other insurance companies, according to Schlossberg, is its pricing and the speed at which it processes claims using artificial intelligence.

"Their performance as far as underwriting goes still remains to be seen. They're about 10% below the net-loss ratio that industry giants are doing, but I think the market is going to forgive all that because it's really going to look at net customer acquisition. If they continue to grow, they continue to get mindshare, they will eventually get enough scale to be a very profitable underwriting concern," said Schlossberg.

"This is a chart that's been consolidating sideways, making in the technical world what we define as an ascending triangle. A close above $10 would be very bullish. I'd be buying that breakout because from there it looks like you would start another leg higher, and would be among the more attractive looking names," Johnson said during the same "Trading Nation" segment.

TradingNation “Traders argue” Trading is a full time job and not for the average investor. If you want to make passive income, invest in index tracking ETFs or index funds!

TradingNation HARD TIME [LA]: International activities of the Latin America states in combating drug trafficking in the XXI century__

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

After Uber reports plummeting rides, traders look ahead to Lyft earningsUber's stock plummeted after it reported a steep drop in gross ride bookings in its recent quarter. But it more than doubled bookings in its Eats business. Lyft, which will be reporting Thursday, does not have that degree of diversity in its portfolio.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Buffett buys back record $5.1 billion in Berkshire stock as coronavirus hits operating earningsBerkshire announced it bought $5.1 billion of its own shares during the second quarter as the pandemic dented the conglomerate's operations. that Is boring 'greatest value of stock of them all.... MINE' - Warren Buffett $BRK.A $BRK.B The only reason it's rising cuz the businesses SUCK.
La source: CNBC - 🏆 12. / 72 Lire la suite »

After an antitrust blowout, it's business as usual for big tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TECH TYRANNY Peter Thiel elaborates on this in his book “From Zero to One”. The point is if your company is a monopoly, you’ll try to show there are more competitors, whereas if your product is a commodity you’ll try to present your company as unique (when it’s not).
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »