Send me real-time posts from this site at my email

Bear of the Day: Futu Holdings (FUTU)

With the way this market has been going, it’s been easy to beat up on certain industries. Among the most downtrodden, have to be anything related to China. If you’re a Chinese internet stock, chances are you have been beaten into oblivion lately. Perhaps, a good chunk of the bearishness is overdone. I agree with that. But, there may be stocks out there in that industry which are beaten up for good reason. And that reason is earnings going in the wrong direction.

One such stock is today’s Bear of the Day. It’s Zacks Rank # 5 (Strong Sell) Futu Holdings FUTU. Futu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program. It also offers online wealth management services under the Futu Money Plus brand, which gives access to mutual funds, private funds, and bonds; market data and information services; and NiuNiu Community, which serves as an open forum for users and clients to share insights, ask questions, and exchange ideas.

Futu is in the Technology Services industry which ranks in the Bottom 33% of our Zacks Industry Rank. The growth numbers are strong here, but recently they have become a bit weaker. Over the last sixty days, two analysts have cut their numbers for next year. The bearish sentiment has cut our Zacks Consensus Estimate from $3.35 to $3.06. While number has dropped, it still represents 22% earnings growth for next year.

Investors looking for other stocks within the same industry have a few other names to checkout. AppLovin APP and LiveRamp RAMP are both Zacks Rank #1 (Strong Buy) stocks within the same industry.


Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Futu Holdings Limited Sponsored ADR (FUTU): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue