Tencent offers QQ Music, Kugou Music and Kuwo Music, which enable users to discover music in personalized ways. Its WeSing enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. Kugou Live and Kuwo Live provide an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base, and Lazy Audio is an audio platform.
In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones and Hi-Fi systems, and it offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles.
Tencent Music Entertainment stock has an $11 target price at Benchmark. The consensus target is $9.23, and shares traded at $7.40 on Friday.
Under Armour
The sports apparel stock has been crushed and looks like a solid bargain. Under Armour Inc. (NYSE: UAA) engages in the developing, marketing and distributing performance apparel, footwear and accessories for men, women and youth. The company offers its apparel in compression, fitted and loose-fit types.
The company also provides footwear products for running, training, basketball, cleated sports, recovery and outdoor applications. The company’s accessories include gloves, bags, headwear and sports masks, and it offers digital subscription and advertising services under the MapMyRun and MapMyRide platforms.
Under Armor primarily offers its products under the Under Armor, UA, HeatGear, ColdGear, HOVR, Protect This House, I Will, UA Logo, Armour Fleece and Armour Bra brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors and directly to consumers through a network of 422 brand and factory house stores, as well as through e-commerce websites.
Stifel has set its target price and $14, while the consensus target is $12.60. On Friday, Under Armour stock traded at $8.85.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.
Originally published at 24/7 Wall St.
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