“An acquisition of TaskRabbit would be an exciting leap in this transformation.” According to Ikea, TaskRabbit will operate as an independent subsidiary under Ikea and may continue to establish new partnerships. Busque founded TaskRabbit, originally called Run My Errand, in 2008. "To be blunt, it's a clear negative for Big Tech as ultimately with a Senate now likely controlled by Democrats we would expect much more scrutiny and sharper teeth around FAANG names, with potential (although still a low risk) legislative changes to current antitrust laws now on the table," Wedbush analyst Daniel Ives said in a Jan. 6 note.That said, the analyst remains bullish on tech stocks for 2021, but sees the tech rally will be more tame until the Street gets a better sense of the legislative agenda under President Joe Biden.Related Link: Why This Wedbush Analyst Expects A Year-End Tech Rally Photo by Daisy Anderson from PexelsSee more from Benzinga * Click here for options trades from Benzinga * The Week Ahead In Biotech (Jan 24-30): J&J, Lilly to Kickstart Big Pharma Earnings, Amgen FDA Decision and More * 8 Intel Analysts On Q4 Report: Why Some See Difficult Years Ahead For Chipmaker(C) 2021 Benzinga.com. Swappable batteries, notes the analyst, helps to eliminate customers' range anxiety at the same time as it reduces wait times at charging stations, improving the customer experience in two different ways. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. The debate over deplatforming Trump has overshadowed how effective social media bans are at fighting extremism. Hire a Tasker today to help you with your furniture assembly needs. Running the trio through TipRanks’ database, we learned that all three have been cheered by the rest of the Street as well, as they boast a “Strong Buy” analyst consensus. On Thursday, Ikea said it has acquired TaskRabbit, the on-demand marketplace for finding … TaskRabbit has 60 full-time employees and 60,000 workers who use the platform to get jobs. The current payment is 23.45 cents per common share, which annualizes to $2.81 cents – and gives a yield of 4.7%. Recode first reported on the deal, which is not yet fully official. Analysts see the changing of the guard at the White House as a slight negative for these high-flying names. During the third quarter, the most recent with full financials available, BNL reported a net income of $9.7 million, or 8 cents per share. Ikea already offers home delivery and installation services, but the partnership with TaskRabbit gives Ikea access to a greater labor force with more flexibility than full-time employees. On the same day, Tesla shares closed 0.2% higher at $846.44 and gained 0.1% in the after-hours session. The stock hit its low point of the past five years in mid-2016, dipping down to $24.87.From that point, the stock steadily churned higher over the next several years, reaching $50 in early 2018 and $60 for the first time in early 2020.Related Link: Here's How Much Investing ,000 In Morgan Stanley Stock 5 Years Ago Would Be Worth TodayIntel In 2021, Beyond: Intel peaked at $59.29 prior to the COVID-19 pandemic sell-off, which pushed the stock back down to $43.63 in March. The acquisition makes perfect sense for both IKEA and TaskRabbit. News broke this week that Ikea — the Swedish furniture maker that made revenue of over $35 Billion last year — purchased TaskRabbi (a nine year old start-up). That could create more local “white glove” services where a small carrier or contractor handles delivery and setup of Ikea products. So what are the best stocks to buy now or put on a watchlist? (To watch Burrow’s track record, click here) Wall Street generally agrees with Burrows on Broadstone, as shown by the 3 positive reviews the stock has garnered in recent weeks. Unfortunately for Intel, innovation missteps and production delays led to missed opportunities for company in the past five years.Throughout 2018 and 2019, Intel was unable to produce enough CPUs to supply its customers, essentially turning over market share to rival Advanced Micro Devices, Inc. (NASDAQ: AMD) and others for free. 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IKEA said that once the deal is completed, it will be able to provide customers with access to services provided by TaskRabbit taskers. It’s a payment affordable for the company, and offering investors a yield of 5.5%. It traded at $96.61 as of 6:25 a.m. in New York.While Wall Street may have no clue what GameStop shares are worth, it does have ideas on what the company should do with them: sell.“GameStop can issue equity and should sell stock to pay down debt,” said Wedbush Securities Inc. analyst Michael Pachter, who had a price target of $16 for GameStop as of Jan. 11. The company has been raising its dividend regularly for the past two years. "Accretive acquisitions are the key earnings driver for Broadstone… While management halted acquisitions following COVID-induced market uncertainty (BNL did not complete any acquisitions in 1H20) and ahead of its IPO, we are confident acquisitions will ramp up in 2021, and saw the beginning of this with 4Q20 activity… We estimate that BNL achieves a positive investment spread of 1.8%, leading to 0.8% of earnings growth (on 2021E FFO) for every $100mn of acquisitions (or 4.2% on our 2021E acquisition volumes),” Burrows opined. Given the outsized weighting in different indices, it is logical to view FANGMAN stocks as a good predictor of which way the broader market is headed.FANGMAN Invariably Outperforms Market: For those investors who are looking for above-market returns, or "high-alpha" stocks, FANGMAN could be the better bet. While that’s well above the average of 30 since Bloomberg began tracking the data in 2005, it’s still below the recent peak multiple of 42 reached in 2014 and 2018. Dividends are a nice addition for a patient investor, as they provide a steady income stream. The company expects to report full fourth-quarter results on Feb. 25. Doing so would involve “minimal dilution at these levels” and provide protection against an economic downturn. The stock market, given its forward-looking approach, weathered the setback and ended the year with gains.For instance, the S&P 500 Index ended 2020 at a record high and in the process generated a return of 16.2% for the year. It was the first acquisition of its kind by the company in the United States, Ikea’s second-largest market behind Germany. Hong Kong’s Hang Seng Index benchmark rose 2.4%, closing above the key 30,000 point-level for the first time since May 2019.Tencent has become a prime target for mainland traders flooding record amounts of cash into Hong Kong-listed shares this year, with net purchase of the stock accounting for roughly a quarter of total money coming in, according to exchange data. (Bloomberg) -- To see how far GameStop Corp. has outrun anyone’s ability to render sensible analysis, consider what its dizzying rally has done to Wall Street’s best guesses of its value.Perched at $65 a share, hoisted by a short squeeze ignited and arguably organized in chat rooms, the stock soared $53 above the average forecast of equity handicappers tracked by Bloomberg, before briefly more than doubling in premarket trading Monday. In 2020, Intel said chip manufacturing issues would once again be delaying production of its 7-nanometer chips, and the company may be forced to rely on third-party manufacturers for the first time.At the beginning of 2016, Intel shares were trading at around $34. Busque, as Recode reported earlier this week, has recently joined the seed-focused Fuel Capital as a venture partner. To get a price-earnings multiple it’s necessary to look two years into the future, where the P/E is around 58.And that’s before the possibility of further gains: the stock soared to $136.63 in U.S. premarket trading on Monday, before paring the advance. Sources also noted that Ikea would add capital to the company, although that amount could not be determined. So, that’s Nomura's view. Higher P/E multiples of some of these stocks imply investors are willing to pay a premium to partake in their growth.Investors see them as compelling, as they are most levered to the digital transformation that is picking up pace.But the stretched valuations of these stocks could conjure up fears of a deep correction.One of the biggest risks faced by these companies is regulatory scrutiny. Stock futures rise modestly as hopes remain high for another round of stimulus; Tesla, Apple, Microsoft and Facebook report earnings this week; GameStop shares charge even higher. What happens when the former leader of the free world gets deplatformed? Essential Properties boasts a high occupancy rate of 99.4% for its properties. (See NIO stock analysis on TipRanks) To find good ideas for EV stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. An unstoppable force is taking over our financial markets. The only Biotech companies anyone should look at, are companies with good potential for a buy-out, or major funding potential. After the FANGs, FAANGs and MAGAs, another acronym taking the investment world by storm is FANGMAN. This article originally appeared on Recode.net. Innovation TaskRabbit is faltering despite IKEA acquisition and heavy promotion Despite a lucrative IKEA acquisition and integration and some quirky content marketing, TaskRabbit is having a bad winter. Uncovering and explaining how our digital world is changing — and changing us. To this end, Burrows rates BNL a Buy, and her $23 price target implies an upside of ~27% for the year ahead. Vox’s work is reaching more people than ever, but our distinctive brand of explanatory journalism takes resources. Acquisition by IKEA. Even valuing the stock at a 25% discount to the prices investors are paying for its highest profile US rival, Tesla (on a price-to-sales basis), Heung feels these factors justify placing an $80.30 price target on Nio stock. TaskRabbit’s investors include venture firms like Shasta Ventures, Lightspeed Venture Partners and Founders Fund. Benzinga does not provide investment advice. These are the only reviews on file, making the analyst consensus rating a unanimous Strong Buy. From the perspective of topline growth, earnings potential and prospects, it is evident that the lofty valuations are justified. Please consider making a contribution to Vox today, from as little as $3. Shares of Cleveland-Cliffs Inc. surged 9.4% in premarket trading Monday, after the steel maker provided an upbeat preliminary fourth-quarter outlook. These are stocks that pay out a percentage of profits back to shareholders – a dividend, usually sent out quarterly. IKEA furniture assembly currently ranks as the fastest growing category on TaskRabbit. "We ended 2020 on a particularly high note," said Chief Executive Lourenco Goncalves. The purchase is Ikea’s first step into the on-demand platform space. The price of the deal was not revealed, but TaskRabbit’s most recent valuation set the company’s worth at around $120 million. “When shelter in place mandates went into effect in early 2020, only 71% of EPRT’s properties were open (completely or on a limited basis). Previous acquisitions by Ikea have ranged in price from $20 million to $90 million, according to PitchBook data. Based on 8 Buys and 6 Holds, the analyst consensus is a Moderate Buy. has recently joined the seed-focused Fuel Capital, Joe Biden is president, but Rand Paul still won’t admit the election wasn’t stolen, Did the New York Times fire an editor over a tweet? “It makes sense from an investor psychology standpoint. In April 2018, the company was affected by a data breach. Let’s have a look at what the rest of the Street has in mind for NIO shares. The content is intended to be used for informational purposes only. It’s been described as “Uber for chores,” which is about right. "By improving swapping time to only three minutes" and by placing such battery swapping stations throughout "most parts of the major cities in China, NIO hopes to redefine the whole user experience of owning an EV," says Heung. The company, which focuses on drone delivery, has come a long way since its founding in 2017, having developed, built and flown its Wingcopter 178 heavy-lift cargo delivery drone using its proprietary and patented tilt-rotor propellant mechanism, which combines all the benefits of vertical take-off and landing with the advantages of fixed-wing aircraft for longer distance horizontal flight. The company — which has sales of more the $36 billion annually and 183,000 workers — recently announced an initiative to shift its 389 stores worldwide to electric car transportation and infrastructure. Initiating coverage on the "epitome of Chinese luxury brand[s]" and "domestic leader in EV manufacturing," Nomura analyst Martin Heung argues that even after its steep run-up, Nio stock remains a "buy" and has at least another 30% to run (above Friday's closing share price of $61.95). And this week, it released a nifty augmented reality app for the Apple iPhone, called “Ikea Place.” Using the phone’s camera, a customer can scan a room and then place Ikea furniture virtually to see how it looks (see below). Listening to Buffett, you can pick up these tips for surviving the pandemic financially. Some smaller names are following suit. It is very important to do your own analysis before making any investment. “It’s opportunistic,” said Brown-Philpot in an interview with Recode, but declined to provide more details about the process. To learn more or opt-out, read our Cookie Policy. Ikea furniture may soon get a lot easier to put together. At present, TaskRabbit is available in around 45 cities across the United States and Britain. Ford Motor Company's (NYSE: F) all-electric F-150 is the more popular choice among buyers in the United States than Tesla Inc's (NASDAQ: TSLA) Cybertruck, according to research by Cox Automotive.What Happened: The study based on 155 in-market consumers was published last week and concluded that three in five consumers found the F-150 pickup truck appealing -- which Cox attributed to familiarity.The respondents were shown images of each vehicle, without brand and model indicators and minus product details.Ford was popular among those surveyed in terms of appeal, winning over 59% of the respondents. Widening and deepening that moat even further (to steal a phrase from Warren Buffett), Nio is encouraging customers to sign up for long-term, five-year battery leases in exchange for a lower cost per year -- essentially locking customers into its ecosystem for the lease term. Join the businesses who have begun to edge out … The TaskRabbit acquisition, which was finally completed this week, comes six months after Brown-Philpot said that the company had been responding to sales interest from strategic buyers. (Bloomberg) -- Hong Kong’s equity traders can’t get enough of Tencent Holdings Ltd., the $950 billion giant that’s on pace for its biggest ever monthly gain.They’re paying up for bullish derivatives tracking the Chinese internet firm, buying thousands of January call options that expire Thursday. TaskRabbit … For its part, TaskRabbit has taken in $38 million in venture capital since launching in 2008. Retail furniture giant Ikea’s recent acquisition of handyman site TaskRabbit shows that it’s aware of competition from other online-only furniture retailers, and their push of services like installation and delivery, according to a report by Reuters. The price of the deal could not be determined, but the contract labor marketplace company … It’s largely avoided the tightening regulatory oversight that sparked a selloff in rival Alibaba Group Holding Ltd. and forced its part-owned Ant Group Co. to jettison a record IPO.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. A home loan is a powerful financial tool, even if you have the cash to pay outright. The payments vary widely, from less than 1% to more than 10%, but the average, among stocks listed on the S&P 500, is about 2%. Finding the best biotech companies to invest in can be tricky as volatility often pockmarks the space. We expect key earnings drivers will include a continued recovery in acquisition volumes and a gradual improvement in theater rents (in 2022)." Intel revisited its 2020 lows again in late October, but skyrocketed back up to above $57 per share in January after the company announced a new CEO, Pat Gelsinger.Investors who had no knowledge of the massive gains from semiconductor peers like AMD in the past five years would be fairly satisfied with their Intel returns.Intel investors that bought and held on through a volatile five-year period turned a significant profit. The strong cash position and rising revenues had the company confident enough to raise the dividend in going into Q4. Doctors extracting lung tumor from patient find decades-old toy instead, All the iPhone X’s Face ID secrets were just revealed, Here’s everything new in iOS 11.1 beta 1 and how to install it right now, See the original version of this article on BGR.com, 2020 was an absolutely unbelievable year for electric vehicle stocks, but with a new administration set to take the wheel, this year could be even bigger. Looking ahead, the company expects $100.3 million in property acquisitions during Q4, and an increased rent collection rate of 98.8%. Traders also rushed to offload their bearish puts, with one of the most-traded contracts losing more than 84% in value.The stock rallied 11% on Monday to HK$766.50, its biggest gain since October 2011. Ikea is hoping to solve this problem for future buyers with its acquisition of TaskRabbit, a platform that connects freelance workers to jobs. TaskRabbit is one of the best-known startups in the so-called “gig” economy that links freelance workers with jobs, from handymen to movers to assistants. The biggest EV names are still rocketing higher after epic 2020 runs. Tesla Inc. is the second-largest gainer, up $134 billion.Tencent shares now trade at nearly 40 times analysts’ estimated earnings for the next 12 months. The ratio between the two is by far the biggest in the Russell 3000 and jumped Friday, as crazed trading capped a stretch in which the 37-year-old game retailer burned bears who had shorted 140% of its shares.It’s happening in a stock that before 2020 had fallen six straight years as earnings shrunk, and which isn’t projected to turn a profit before fiscal 2023. Here’s what’s coming. TaskRabbit is a "gig economy"-style startup founded in 2008. The idea is that you’ll buy the furniture from Ikea, and then hire a Tasker from TaskRabbit to build it for you. See how... German drone technology startup Wingcopter has raised a $22 million Series A – its first significant venture capital raise after mostly bootstrapping. To use the service, IKEA customers visit the brand’s website or sign up in store and complete an assembly request. This brilliant new device is helping millions of Americans cut their power bills in half! Additionally, when arguably the most expensive and most important part of an electric car -- the battery -- is removed from the equation, customers will no longer need to worry about whether an aged car battery might reduce the resale value of their cars years down the road, removing yet another impediment to making a sale. In this way, Nio's BaaS strategy also helps to differentiate Nio's offerings, and builds a moat around the business. How will Trump handle life without Twitter and Facebook? Looking at current data, we find that O posted 7 cents per share income in 3Q20, along with $403 million in total revenue. Investing is all about finding profits, and investors have long seen two main paths toward that goal. After the steel maker provided an upbeat preliminary fourth-quarter outlook “ it ’ s investors include venture firms like Ventures... Group has bought TaskRabbit, Ikea announced to launch TaskRabbit in Toronto, Vancouver and Montreal in late,... 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