Long Position on STNE @ $41.00 on 3/6/2020 (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 December 31, 2018, the company served approximately 267,000 clients, which included digital, and brick-and-mortar merchants, primarily small-and-medium-sized businesses; and 108 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors.

Shares of this recent IPO are heading higher following a "trendline support." On March 2, STNE reported Quarter December 2019 earnings of $0.23 per share on revenue of $190.3 million. The consensus earnings estimate was $0.22 per share on revenue of $150.4 million.  Higher share prices are expected for this stock.

Entry Point: $41.00

Stop Loss: $39.00

Trading Range: $23.14 - $46.69

Target Price: $45.20

Updates

6/23/2020 10:20:03 AM

STNE closed at $42.50

Position closed on 6/23/2020 at price of $42.50 with a 3.66% gain in 109 days.

Back to Portfolio