Long Position on STNE @ $32.51 on 3/18/2019 (Momentum)

StoneCo Ltd. (STNE) provides financial technology solutions that empower merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors.

As of June 30, 2018, the company served approximately 200,000 clients, which included digital, and brick-and-mortar merchants, primarily small-and-medium-sized businesses; and 95 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. 

Shares of this recent IPO have formed a bullish "cup and handle" ahead of its earnings report on Monday afternoon. Analysts expect StoneCo earnings of 13 cents a share, up 550% vs. a year earlier, on revenue of $122.71 million, up 64% from a year ago. Higher share prices are expected for this stock. Note that Warren Buffet owns ten percent of yhr company. 

Entry Point: $32.51

Stop Loss: $30.89

Trading Range: $16.14 - $34.50

Target Price: $35.76

Updates

3/21/2019 10:43:40 AM

STNE closed at $42.66

Position closed on 3/21/2019 at price of $42.66 with a 31.22% gain in 3 days.

Back to Portfolio