Thursday, May 18, 2017

Two Growth Stocks To Keep On Your Radar

Zillow Group ($Z) and Impinj ($PI) are two stocks that many consider growth names. What's interesting about both stocks is that the reaction to their earnings results catapulted both stocks from long bases. The weekly earnings low on both stocks give you a clear stop loss if you were to get involved in the names.




I'm always intrigued by long bases, typically a prolonged period of contraction leads to a prolonged period of expansion, hence the term; the bigger the base, the higher into space it goes.

ZILLOW'S First Quarter 2017 Financial Highlights
  • Revenue increased 32% to $245.8 million from $186.0 million in the first quarter of 2016.
     
    • Marketplace Revenue increased 36% to $230.3 million from $169.0 million in the first quarter of 2016.

       •  Premier Agent Revenue increased 30% to $175.3 million from $134.5 million in the first quarter of 2016.

       •  Other Real Estate Revenue1 increased 93% to $34.8 million from $18.0 million in the first quarter of 2016.

       •  Mortgages Revenue increased 23% to $20.3 million from $16.5 million in the first quarter of 2016.
IMPINJ Highlights from IBD;

Impinj earned an adjusted 1 cent a share, reversing a year-ago loss of 7 cents a share, in the March quarter. Sales rose 47% to $31.7 million. Analysts were expecting Impinj to lose a penny a share on sales of $30.7 million.
Impinj RFID chips are used by businesses to track such items as apparel, medical supplies, automobile parts, luggage and food. Applications for its technology include inventory management, patient safety, asset tracking and item authentication.
"Demand for item intelligence continues to accelerate from a broad set of customers and industries, and will provide a sustainable tailwind" for Impinj, Piper Jaffray analyst Troy Jensen said in a report. "Impinj remains an industry leader and is well positioned to experience strong near- and long-term revenue growth as the industry continues to inflect."

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Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463. 

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