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710600.0 | 2023-12-16 06:00:00 UTC | Why Pinterest (PINS) Outpaced the Stock Market Today | DCOMP | https://www.nasdaq.com/articles/why-pinterest-pins-outpaced-the-stock-market-today | nan | nan | In the latest trading session, Pinterest (PINS) closed at $38.04, marking a +0.9% move from the previous day. This change outpaced the S&P 500's 0.59% gain on the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.66%.
Shares of the digital pinboard and shopping tool company witnessed a gain of 17.34% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.11% and the S&P 500's gain of 5.16%.
Investors will be eagerly watching for the performance of Pinterest in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.51, indicating a 75.86% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $988.09 million, indicating a 12.64% upward movement from the same quarter last year.
PINS's full-year Zacks Consensus Estimates are calling for earnings of $1.07 per share and revenue of $3.06 billion. These results would represent year-over-year changes of +72.58% and +9.15%, respectively.
Investors might also notice recent changes to analyst estimates for Pinterest. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 1.54% rise in the Zacks Consensus EPS estimate. Pinterest currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Pinterest has a Forward P/E ratio of 35.23 right now. This represents a discount compared to its industry's average Forward P/E of 39.68.
One should further note that PINS currently holds a PEG ratio of 0.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.8.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 28, putting it in the top 12% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Pinterest, Inc. (PINS) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Pinterest (PINS) closed at $38.04, marking a +0.9% move from the previous day. Alongside, our most recent consensus estimate is anticipating revenue of $988.09 million, indicating a 12.64% upward movement from the same quarter last year. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. | In the latest trading session, Pinterest (PINS) closed at $38.04, marking a +0.9% move from the previous day. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report Pinterest, Inc. (PINS) : Free Stock Analysis Report To read this article on Zacks.com click here. | Shares of the digital pinboard and shopping tool company witnessed a gain of 17.34% over the previous month, beating the performance of the Computer and Technology sector with its gain of 4.11% and the S&P 500's gain of 5.16%. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. | As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.8. This group has a Zacks Industry Rank of 28, putting it in the top 12% of all 250+ industries. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? | ce6677a3-32da-4301-9345-15654dbc46e4 |
710601.0 | 2023-12-16 06:00:00 UTC | Conagra Brands (CAG) Stock Sinks As Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/conagra-brands-cag-stock-sinks-as-market-gains%3A-what-you-should-know-7 | nan | nan | Conagra Brands (CAG) closed the latest trading day at $29.40, indicating a -0.31% change from the previous session's end. This change lagged the S&P 500's 0.59% gain on the day. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.66%.
Prior to today's trading, shares of the company had gained 4.95% over the past month. This has outpaced the Consumer Staples sector's gain of 1.96% and lagged the S&P 500's gain of 5.16% in that time.
The investment community will be closely monitoring the performance of Conagra Brands in its forthcoming earnings report. The company is scheduled to release its earnings on January 4, 2024. The company is expected to report EPS of $0.67, down 17.28% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.24 billion, down 2.14% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.68 per share and a revenue of $12.28 billion, signifying shifts of -3.25% and +0.05%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Conagra Brands. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% decrease. Conagra Brands is currently sporting a Zacks Rank of #4 (Sell).
Looking at valuation, Conagra Brands is presently trading at a Forward P/E ratio of 11.02. Its industry sports an average Forward P/E of 17.16, so one might conclude that Conagra Brands is trading at a discount comparatively.
Meanwhile, CAG's PEG ratio is currently 2.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Food - Miscellaneous industry had an average PEG ratio of 2.49.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Conagra Brands (CAG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Conagra Brands (CAG) closed the latest trading day at $29.40, indicating a -0.31% change from the previous session's end. For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.68 per share and a revenue of $12.28 billion, signifying shifts of -3.25% and +0.05%, respectively, from the last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. | Conagra Brands (CAG) closed the latest trading day at $29.40, indicating a -0.31% change from the previous session's end. For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.68 per share and a revenue of $12.28 billion, signifying shifts of -3.25% and +0.05%, respectively, from the last year. Click to get this free report Conagra Brands (CAG) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. | Conagra Brands (CAG) closed the latest trading day at $29.40, indicating a -0.31% change from the previous session's end. Conagra Brands is currently sporting a Zacks Rank of #4 (Sell). Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? | 83866ed8-2580-4e8b-a259-158049a0a49a |
710602.0 | 2023-12-16 06:00:00 UTC | Symbotic Inc. (SYM) Stock Dips While Market Gains: Key Facts | DCOMP | https://www.nasdaq.com/articles/symbotic-inc.-sym-stock-dips-while-market-gains%3A-key-facts | nan | nan | In the latest market close, Symbotic Inc. (SYM) reached $56.36, with a -1.12% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.59%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.66%.
Heading into today, shares of the company had gained 53.39% over the past month, outpacing the Business Services sector's gain of 7.2% and the S&P 500's gain of 5.16% in that time.
The upcoming earnings release of Symbotic Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.05, reflecting a 58.33% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $371 million, reflecting a 79.83% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $1.79 billion, which would represent changes of +94.59% and +51.71%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Symbotic Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 76.32% upward. Symbotic Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 76, finds itself in the top 31% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Symbotic Inc. (SYM) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | At the same time, our most recent consensus estimate is projecting a revenue of $371 million, reflecting a 79.83% rise from the equivalent quarter last year. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. | Heading into today, shares of the company had gained 53.39% over the past month, outpacing the Business Services sector's gain of 7.2% and the S&P 500's gain of 5.16% in that time. For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $1.79 billion, which would represent changes of +94.59% and +51.71%, respectively, from the prior year. Click to get this free report Symbotic Inc. (SYM) : Free Stock Analysis Report To read this article on Zacks.com click here. | For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $1.79 billion, which would represent changes of +94.59% and +51.71%, respectively, from the prior year. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. | Heading into today, shares of the company had gained 53.39% over the past month, outpacing the Business Services sector's gain of 7.2% and the S&P 500's gain of 5.16% in that time. The company's earnings per share (EPS) are projected to be -$0.05, reflecting a 58.33% increase from the same quarter last year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? | 3350faef-2622-45b5-957b-e32f0a61e68f |
710603.0 | 2023-12-16 06:00:00 UTC | FedEx (FDX) Reports Q2 Earnings: What Key Metrics Have to Say | DCOMP | https://www.nasdaq.com/articles/fedex-fdx-reports-q2-earnings%3A-what-key-metrics-have-to-say | nan | nan | For the quarter ended November 2023, FedEx (FDX) reported revenue of $22.17 billion, down 2.8% over the same period last year. EPS came in at $3.99, compared to $3.18 in the year-ago quarter.
The reported revenue represents a surprise of -0.73% over the Zacks Consensus Estimate of $22.33 billion. With the consensus EPS estimate being $4.14, the EPS surprise was -3.62%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how FedEx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily package volume - FedEx Express - Package - Total U.S Domestic Package: 2,685 thousand compared to the 2,706.57 thousand average estimate based on four analysts.
Revenue per freight pound - Fed Ex Express - Freight - U.S. $1.63 versus $1.72 estimated by four analysts on average.
Average daily package volume - FedEx Express - Package - Total International Export Package: 1,046 thousand compared to the 1,041.79 thousand average estimate based on four analysts.
Revenue per package - FedEx Express - Package - U.S. domestic composite Yield: $22.55 versus $23 estimated by four analysts on average.
Revenues- Other and Eliminations: $847 million compared to the $940.98 million average estimate based on six analysts. The reported number represents a change of -18.2% year over year.
Revenues- FedEx Services: $65 million compared to the $72.29 million average estimate based on six analysts. The reported number represents a change of -4.4% year over year.
Revenues- FedEx Express: $10.25 billion compared to the $10.37 billion average estimate based on six analysts. The reported number represents a change of -5.6% year over year.
Revenues- FedEx Ground: $8.64 billion versus the six-analyst average estimate of $8.71 billion. The reported number represents a year-over-year change of +2.9%.
Revenues- FedEx Freight: $2.36 billion compared to the $2.28 billion average estimate based on six analysts. The reported number represents a change of -3.8% year over year.
Revenues- FedEx Express- Freight- U.S: $584 million versus the five-analyst average estimate of $617.60 million. The reported number represents a year-over-year change of -25.5%.
Revenues- FedEx Express- Package- U.S. overnight envelope: $447 million versus the five-analyst average estimate of $476.90 million. The reported number represents a year-over-year change of -5.7%.
Revenues- FedEx Express- Package- U.S. overnight box: $2.16 billion versus $2.25 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -3.5% change.
View all Key Company Metrics for FedEx here>>>
Shares of FedEx have returned +10.3% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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
FedEx Corporation (FDX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the quarter ended November 2023, FedEx (FDX) reported revenue of $22.17 billion, down 2.8% over the same period last year. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. | Here is how FedEx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average daily package volume - FedEx Express - Package - Total U.S Domestic Package: 2,685 thousand compared to the 2,706.57 thousand average estimate based on four analysts. Average daily package volume - FedEx Express - Package - Total International Export Package: 1,046 thousand compared to the 1,041.79 thousand average estimate based on four analysts. Revenues- FedEx Express- Package- U.S. overnight envelope: $447 million versus the five-analyst average estimate of $476.90 million. | Here is how FedEx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average daily package volume - FedEx Express - Package - Total U.S Domestic Package: 2,685 thousand compared to the 2,706.57 thousand average estimate based on four analysts. Average daily package volume - FedEx Express - Package - Total International Export Package: 1,046 thousand compared to the 1,041.79 thousand average estimate based on four analysts. Revenues- FedEx Express: $10.25 billion compared to the $10.37 billion average estimate based on six analysts. | The reported revenue represents a surprise of -0.73% over the Zacks Consensus Estimate of $22.33 billion. Here is how FedEx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average daily package volume - FedEx Express - Package - Total U.S Domestic Package: 2,685 thousand compared to the 2,706.57 thousand average estimate based on four analysts. Revenues- FedEx Express: $10.25 billion compared to the $10.37 billion average estimate based on six analysts. | 434f1c66-0b19-408d-b9ee-15c06d077ae0 |
710604.0 | 2023-12-16 06:00:00 UTC | United Parcel Service (UPS) Gains But Lags Market: What You Should Know | DCOMP | https://www.nasdaq.com/articles/united-parcel-service-ups-gains-but-lags-market%3A-what-you-should-know-15 | nan | nan | United Parcel Service (UPS) closed the latest trading day at $161.62, indicating a +0.03% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.59%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.66%.
Shares of the package delivery service witnessed a gain of 8.02% over the previous month, trailing the performance of the Transportation sector with its gain of 8.79% and outperforming the S&P 500's gain of 5.16%.
The investment community will be paying close attention to the earnings performance of United Parcel Service in its upcoming release. The company is slated to reveal its earnings on January 30, 2024. The company is forecasted to report an EPS of $2.47, showcasing a 31.77% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $25.41 billion, indicating a 5.99% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.80 per share and revenue of $91.45 billion, which would represent changes of -31.99% and -8.85%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for United Parcel Service. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.19% downward. United Parcel Service currently has a Zacks Rank of #3 (Hold).
With respect to valuation, United Parcel Service is currently being traded at a Forward P/E ratio of 18.37. Its industry sports an average Forward P/E of 16.94, so one might conclude that United Parcel Service is trading at a premium comparatively.
Also, we should mention that UPS has a PEG ratio of 1.84. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. UPS's industry had an average PEG ratio of 1.84 as of yesterday's close.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. With its current Zacks Industry Rank of 222, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
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United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | United Parcel Service (UPS) closed the latest trading day at $161.62, indicating a +0.03% change from the previous session's end. In the meantime, our current consensus estimate forecasts the revenue to be $25.41 billion, indicating a 5.99% decline compared to the corresponding quarter of the prior year. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. | United Parcel Service (UPS) closed the latest trading day at $161.62, indicating a +0.03% change from the previous session's end. In the meantime, our current consensus estimate forecasts the revenue to be $25.41 billion, indicating a 5.99% decline compared to the corresponding quarter of the prior year. Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 222, this industry ranks in the bottom 12% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report To read this article on Zacks.com click here. | United Parcel Service (UPS) closed the latest trading day at $161.62, indicating a +0.03% change from the previous session's end. With its current Zacks Industry Rank of 222, this industry ranks in the bottom 12% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | b022dae8-f0c8-4e3d-88f4-05d7abbf41e7 |
710605.0 | 2023-12-16 06:00:00 UTC | US pharmacy chain Rite Aid agrees to bankruptcy mediation, gets loan approval | DCOMP | https://www.nasdaq.com/articles/us-pharmacy-chain-rite-aid-agrees-to-bankruptcy-mediation-gets-loan-approval | nan | nan | By Dietrich Knauth
NEW YORK, Dec 19 (Reuters) - Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter mediation with committees representing junior creditors and people who have accused the company of contributing to the U.S. opioid epidemic.
Rite Aid's bankruptcy financing, which the company valued at $3.45 billion due to its refinancing of pre-existing debts, had been opposed by the U.S. government, Rite Aid's creditors committee, and a committee representing plaintiffs suing the company, including those with opioid-related claims.
Those committees have argued that Rite Aid's lenders are the only group that stands to benefit from the company's restructuring, and that victims impacted by the opioid crisis currently stand to get out of the bankruptcy. They withdrew their objections after Rite Aid promised to mediate their concerns in January.
Rite Aid, which operates about 2,000 retail pharmacies in 17 U.S. states, filed for bankruptcy protection on Oct. 15, seeking to close underperforming stores, sell its pharmacy benefit company Elixir and resolve over 1,600 lawsuits alleging it fueled the opioid epidemic by filling illegal or suspicious prescriptions.
Rite Aid competitors Walgreens WBA.O, Walmart WMT.N and CVS CVS.N have agreed to pay $13.8 billion to settle a wave of similar opioid lawsuits outside of bankruptcy.
U.S. Bankruptcy Judge Michael Kaplan at a hearing in Trenton, New Jersey, said he would approve the financing after he had time to review Rite Aid's last-minute revisions to the agreements. Some of those revisions addressed Justice Department (DOJ) concerns about legal terms that could have interfered with government oversight of Elixir, Kaplan said.
The judge said earlier versions of the loan agreements contained "somewhat aggressive provisions" that understandably raised concerns about DOJ's authority to seize cash from Elixir as part of an ongoing investigation into the company's receipt of potential overpayments from the government Medicare health program.
Rite Aid's revised loan documents make clear that the company is not standing in the way of DOJ's law enforcement authority, Kaplan said, except to the extent that it asked DOJ to provide 10 days notice of any regulatory action or property seizure from Elixir.
Kaplan agreed to require DOJ to provide 10 days notice before any action that would impact Rite Aid's bankruptcy, a step that would let the company focus on its restructuring efforts, without limiting government oversight authority.
(Reporting by Dietrich Knauth, Editing by Alexia Garamfalvi and Bill Berkrot)
((Dietrich.Knauth@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | U.S. Bankruptcy Judge Michael Kaplan at a hearing in Trenton, New Jersey, said he would approve the financing after he had time to review Rite Aid's last-minute revisions to the agreements. The judge said earlier versions of the loan agreements contained "somewhat aggressive provisions" that understandably raised concerns about DOJ's authority to seize cash from Elixir as part of an ongoing investigation into the company's receipt of potential overpayments from the government Medicare health program. Kaplan agreed to require DOJ to provide 10 days notice before any action that would impact Rite Aid's bankruptcy, a step that would let the company focus on its restructuring efforts, without limiting government oversight authority. | Rite Aid's bankruptcy financing, which the company valued at $3.45 billion due to its refinancing of pre-existing debts, had been opposed by the U.S. government, Rite Aid's creditors committee, and a committee representing plaintiffs suing the company, including those with opioid-related claims. Rite Aid's revised loan documents make clear that the company is not standing in the way of DOJ's law enforcement authority, Kaplan said, except to the extent that it asked DOJ to provide 10 days notice of any regulatory action or property seizure from Elixir. Kaplan agreed to require DOJ to provide 10 days notice before any action that would impact Rite Aid's bankruptcy, a step that would let the company focus on its restructuring efforts, without limiting government oversight authority. | By Dietrich Knauth NEW YORK, Dec 19 (Reuters) - Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter mediation with committees representing junior creditors and people who have accused the company of contributing to the U.S. opioid epidemic. Rite Aid's bankruptcy financing, which the company valued at $3.45 billion due to its refinancing of pre-existing debts, had been opposed by the U.S. government, Rite Aid's creditors committee, and a committee representing plaintiffs suing the company, including those with opioid-related claims. Rite Aid's revised loan documents make clear that the company is not standing in the way of DOJ's law enforcement authority, Kaplan said, except to the extent that it asked DOJ to provide 10 days notice of any regulatory action or property seizure from Elixir. | By Dietrich Knauth NEW YORK, Dec 19 (Reuters) - Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing to enter mediation with committees representing junior creditors and people who have accused the company of contributing to the U.S. opioid epidemic. Rite Aid's revised loan documents make clear that the company is not standing in the way of DOJ's law enforcement authority, Kaplan said, except to the extent that it asked DOJ to provide 10 days notice of any regulatory action or property seizure from Elixir. Kaplan agreed to require DOJ to provide 10 days notice before any action that would impact Rite Aid's bankruptcy, a step that would let the company focus on its restructuring efforts, without limiting government oversight authority. | 6a0008cf-8919-4394-906b-5947e5daa068 |
710606.0 | 2023-12-16 06:00:00 UTC | Arista Networks (ANET) Stock Declines While Market Improves: Some Information for Investors | DCOMP | https://www.nasdaq.com/articles/arista-networks-anet-stock-declines-while-market-improves%3A-some-information-for-investors | nan | nan | In the latest trading session, Arista Networks (ANET) closed at $236.70, marking a -0.88% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.59%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.66%.
The the stock of cloud networking company has risen by 10.9% in the past month, leading the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.16%.
The investment community will be closely monitoring the performance of Arista Networks in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.70, reflecting a 20.57% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.53 billion, indicating a 19.93% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.55 per share and a revenue of $5.85 billion, signifying shifts of +43.01% and +33.51%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Arista Networks. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Arista Networks holds a Zacks Rank of #2 (Buy).
Looking at valuation, Arista Networks is presently trading at a Forward P/E ratio of 36.47. This indicates a premium in contrast to its industry's Forward P/E of 18.29.
One should further note that ANET currently holds a PEG ratio of 1.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Communication - Components industry currently had an average PEG ratio of 1.84 as of yesterday's close.
The Communication - Components industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 170, this industry ranks in the bottom 33% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Arista Networks, Inc. (ANET) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.55 per share and a revenue of $5.85 billion, signifying shifts of +43.01% and +33.51%, respectively, from the last year. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | In the latest trading session, Arista Networks (ANET) closed at $236.70, marking a -0.88% move from the previous day. For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.55 per share and a revenue of $5.85 billion, signifying shifts of +43.01% and +33.51%, respectively, from the last year. Click to get this free report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 170, this industry ranks in the bottom 33% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. | As of now, Arista Networks holds a Zacks Rank of #2 (Buy). With its current Zacks Industry Rank of 170, this industry ranks in the bottom 33% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 8ff6c88b-b8da-4ef7-bdde-9e0cb6800e67 |
710607.0 | 2023-12-16 06:00:00 UTC | US STOCKS-Wall Street ends higher as rate-cut fever lingers | DCOMP | https://www.nasdaq.com/articles/us-stocks-wall-street-ends-higher-as-rate-cut-fever-lingers | nan | nan | By Stephen Culp
NEW YORK, Dec 19 (Reuters) - Wall Street extended its rally on Tuesday, advancing on the day as last week's dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data.
Broad-based gains boosted all three major U.S. stock indexes and nudged the S&P 500 .SPX to within 1 percentage point of its all-time closing high reached in January 2022. If the benchmark index closes above that level, that would confirm it has been in a bull market since bottoming in October 2022.
The blue-chip Dow .DJI nabbed another all-time closing high.
Small-caps have had a strong run in December; the Russell 2000 .RUT led gainers, rising 1.9%. The index has surged over 11.7% in December so far.
"It’s Fed fumes," said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. "And there's no real catalyst at this point in the calendar year to provide any kind of downside pressure."
"Obviously, the levels investors hold dear like bull and bear markets are important psychologically," Mayfield said. "But what’s more important is the breadth is expanding, the momentum is there, and the economy is confirming this move."
FedEx FDX.N tumbled 8% in extended trade after the package delivery company cut its full-year revenue forecast as it battles United Parcel Service UPS.N in what is shaping up to be a weak holiday season. UPS dropped 2.6%.
At the conclusion of the central bank's policy meeting last Wednesday, the Federal Open Market Committee signaled that it had reached the end of its tightening cycle and opened the door to rate cuts in the coming year.
Atlanta Fed President Raphael Bostic said on Tuesday there was "no urgency" to begin cutting rates, given the strength of the economy and the slow rate at which inflation is cooling down toward the central bank's 2% annual target.
Even so, financial markets are pricing in a 67.5% likelihood that the Fed will implement a 25 basis-point rate cut as soon as March, according to CME's FedWatch tool.
"The market is probably running ahead of the Fed a little bit and the Fed is right to throw some water on that," Mayfield added. "But the markets aren’t really buying it and the Fed is not doing much to change the narrative."
On the economic front, a report from the Commerce Department showed groundbreaking on new single-family homes surged 18% to more than a 1-1/2 year high in November.
The S&P 1500 Homebuilding index .SPCOMHOME and the Philadelphia SE Housing index .HGX advanced 1.6% and 1.2%, respectively.
The Commerce Department is expected to release its final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation.
The Dow Jones Industrial Average .DJI rose 251.9 points, or 0.68%, to 37,557.92, the S&P 500 .SPX gained 27.81 points, or 0.59%, to 4,768.37 and the Nasdaq Composite .IXIC added 98.03 points, or 0.66%, to 15,003.22.
All 11 major sectors of the S&P 500 ended the session in positive territory, with energy .SPNY and communication services .SPLRCL enjoying the largest percentage gains.
Boeing BA.N rose 1.2% after German airline Lufthansa LHAG.DErevealed it ordered 40 737-8 MAX jets from the planemaker.
Kenvue KVUE.Kclimbed 2.2% following a U.S. court ruling in favor of the consumer health company in a lawsuit over the company's drug Tylenol.
Amgen AMGN.O advanced 1.1% after BMO upgraded the company's shares to "outperform" from "market perform."
Advancing issues outnumbered declining ones on the NYSE by a 4.68-to-1 ratio; on Nasdaq, a 2.85-to-1 ratio favored advancers.
The S&P 500 posted 48 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 200 new highs and 82 new lows.
Volume on U.S. exchanges was 11.61 billion shares, compared with the 11.97 billion average for the full session over the last 20 trading days.
SPX roller coaster ride https://tmsnrt.rs/484EOQb
(Reporting by Stephen Culp in New York Additional Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru, and by Noel Randewich in Oakland, California Editing by Aurora Ellis and Matthew Lewis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Stephen Culp NEW YORK, Dec 19 (Reuters) - Wall Street extended its rally on Tuesday, advancing on the day as last week's dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data. FedEx FDX.N tumbled 8% in extended trade after the package delivery company cut its full-year revenue forecast as it battles United Parcel Service UPS.N in what is shaping up to be a weak holiday season. The Commerce Department is expected to release its final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation. | Broad-based gains boosted all three major U.S. stock indexes and nudged the S&P 500 .SPX to within 1 percentage point of its all-time closing high reached in January 2022. The Dow Jones Industrial Average .DJI rose 251.9 points, or 0.68%, to 37,557.92, the S&P 500 .SPX gained 27.81 points, or 0.59%, to 4,768.37 and the Nasdaq Composite .IXIC added 98.03 points, or 0.66%, to 15,003.22. Advancing issues outnumbered declining ones on the NYSE by a 4.68-to-1 ratio; on Nasdaq, a 2.85-to-1 ratio favored advancers. | Broad-based gains boosted all three major U.S. stock indexes and nudged the S&P 500 .SPX to within 1 percentage point of its all-time closing high reached in January 2022. At the conclusion of the central bank's policy meeting last Wednesday, the Federal Open Market Committee signaled that it had reached the end of its tightening cycle and opened the door to rate cuts in the coming year. The Dow Jones Industrial Average .DJI rose 251.9 points, or 0.68%, to 37,557.92, the S&P 500 .SPX gained 27.81 points, or 0.59%, to 4,768.37 and the Nasdaq Composite .IXIC added 98.03 points, or 0.66%, to 15,003.22. | Broad-based gains boosted all three major U.S. stock indexes and nudged the S&P 500 .SPX to within 1 percentage point of its all-time closing high reached in January 2022. If the benchmark index closes above that level, that would confirm it has been in a bull market since bottoming in October 2022. "The market is probably running ahead of the Fed a little bit and the Fed is right to throw some water on that," Mayfield added. | 63e0d61b-0fe1-4157-8935-a054a3c47f4b |
710608.0 | 2023-12-16 06:00:00 UTC | 2 Stocks in the Canadian Upstream Industry Worth a Closer Look | DCOMP | https://www.nasdaq.com/articles/2-stocks-in-the-canadian-upstream-industry-worth-a-closer-look | nan | nan | Several factors have cast a shadow on the crude demand outlook, impacting the Zacks Oil and Gas - Exploration and Production - Canadian industry. The recent increases in crude and fuel inventories, coupled with an uninspiring production cut announcement from OPEC, have overshadowed the prospects of energy demand.
The situation is further complicated by China's economic downturn. Natural gas is also not immune to the broader market decline, trading notably lower year to date. Despite macro challenges causing uncertainties in demand, the sector exhibits resilience, particularly for companies prioritizing growth and operational efficiency. Canadian Natural Resources CNQ and Ovintiv OVV are noteworthy options for investors navigating this intricate landscape, offering potential amidst prevailing economic headwinds.
About the Industry
The Zacks Oil and Gas - US E&P industry consists of companies primarily based in the domestic market, focused on the exploration and production (E&P) of oil and natural gas. These firms find hydrocarbon reservoirs, drill oil and gas wells, and produce and sell these materials to be refined later into products such as gasoline, fuel oil, distillate etc.
The economics of oil and gas supply and demand is the fundamental driver of this industry. In particular, a producer’s cash flow is primarily determined by realized commodity prices. In fact, all E&P companies' results are vulnerable to historically volatile prices in the energy markets.
A change in realizations affects their returns and causes them to alter their production growth rates. E&P operators are also exposed to exploration risks where drilling results are comparatively uncertain.<
3 Key Investing Trends to Watch in the Oil and Gas - Canadian E&P Industry
Signs of Softening Consumption: WCS crude, the Canadian benchmark, recently closed under $50 per barrel for the first time in months due to a substantial build in fuel inventories and increased production. Despite OPEC+'s announcement of nearly 2 million additional barrels per day in production cuts, oil prices remained weak as the market sought more robust commitments.
China's economic challenges added to the gloom, affecting global demand forecasts. Shifting focus to natural gas, the commodity, which had slumped to a 25-year low in June 2020 but reached $10 per MMBtu in August 2022, is now trading below $3. This decline is attributed to heightened production levels and predictions of lackluster weather-related demand.
Scarcity of Pipeline: Energy consultant IHS Markit sees oil production in Canada surging by some 900,000 barrels per day during 2020-2030. Despite this impressive output growth expectation, the country's exploration and production sector has been out of favor, primarily due to the scarcity of pipelines.
In short, pipeline construction in Canada has failed to keep pace with rising domestic crude volumes — the heavier sour variety churned out of the oil sands — resulting in an infrastructural bottleneck. This has forced producers to give away their products to the United States — Canada’s major market — at a discounted rate.
Following U.S. President Joe Biden’s revocation of TC Energy’s contentious Keystone XL pipeline and the company’s subsequent termination of the project, Canadian oil sands producers will have to wait a little longer for the takeaway capacity issue to be resolved.
Substantial Shareholder Returns: The sharp increase in crude prices last year allowed Canadian upstream operators to deliver a solid financial performance. In particular, cash from operations is on a sustainable path, with revenues improving and companies slashing capital expenditures from the pre-pandemic levels amid higher commodity realizations.
To put it simply, the environment of strong prices in 2022 helped the E&P firms to generate significant “excess cash,” which they intend to use to boost investor returns. In fact, more and more energy companies are allocating their increasing cash pile by way of dividends and buybacks to pacify long-suffering shareholders.
Zacks Industry Rank Indicates Bearish Outlook
The Zacks Oil and Gas - Canadian E&P is a seven-stock group within the broader Zacks Oil - Energy sector. The industry currently carries a Zacks Industry Rank #188, which places it in the bottom 25% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates fairly dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are becoming pessimistic about this group’s earnings growth potential. While the industry’s earnings estimate for 2023 has gone down 33.1% in the past year, the same for 2024 has fallen 50.4% over the said timeframe.
Despite the dim near-term prospects of the industry, we will present a few stocks that you may want to consider for your portfolio. But it’s worth taking a look at the industry’s shareholder returns and current valuation first.
Industry Outperforms Sector But Lags S&P 500
The Zacks Oil and Gas - Canadian E&P has fared better than the broader Zacks Oil - Energy sector over the past year but has underperformed the Zacks S&P 500 composite over the same period.
The industry has edged down 1% over this period compared with the broader sector’s increase of 23.9% and the S&P 500’s drop of 1.1%.
One-Year Price Performance
Industry's Current Valuation
Since oil and gas companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio. This is because the valuation metric takes into account not just equity but also the level of debt. For capital-intensive companies, EV/EBITDA is a better valuation metric because it is not influenced by changing capital structures and ignores the effect of non-cash expenses.
On the basis of the trailing 12-month enterprise value-to EBITDA (EV/EBITDA) ratio, the industry is currently trading at 3.94X, significantly lower than the S&P 500’s 13.07X. However, it is higher than the sector’s trailing-12-month EV/EBITDA of 3.77X.
Over the past five years, the industry has traded as high as 16.32X, as low as 2.17X, with a median of 4.35X.
Trailing 12-Month Enterprise Value-to EBITDA (EV/EBITDA) Ratio (Past Five Years)
Stocks in Focus
Canadian Natural Resources: This Calgary-based energy major boasts a diversified portfolio of crude oil (heavy as well as light), natural gas, bitumen and synthetic crude oil. CNQ’s balanced and diverse production mix facilitates long-term value and reduces risk profile, thereby lending its results a high level of stability. Lower capital expenditure needs, accretive acquisitions and improving operational efficiencies are the other positives in Canadian Natural’s story, allowing the company to generate a significant free cash flow of C$10.9 billion (post capital spending and dividends) in 2022.
Notably, over the past 90 days, the Zacks Consensus Estimate for CNQ’s 2023 earnings has moved up 5.6%. Canadian Natural shares have gained 17.5% in a year. The stock carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and Consensus: CNQ
Ovintiv: Ovintiv is an independent exploration and production (E&P) operator with an attractive oil and gas production portfolio in three major North American unconventional basins: Montney, Anadarko and the Permian. Following the Newfield acquisition in 2019, the company has achieved a higher liquids focus, greater scale and cost synergies. Ovintiv has done a commendable job of cutting its expenses in a Disciplined manner, which should boost free cash flow generation. Ovintiv’s cash flows will also receive downside protection from attractive oil and gas hedges.
Over the past 90 days, the Zacks Consensus Estimate for Ovintiv’s 2023 earnings has moved up 3.9%. The company’s Value and Growth Score of A and B help it to round out with a VGM Score of B. With a market capitalization of around $11.8 billion, OVV has lost 11.5% in a year.
Price and Consensus: OVV
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Canadian Natural Resources Limited (CNQ) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In short, pipeline construction in Canada has failed to keep pace with rising domestic crude volumes — the heavier sour variety churned out of the oil sands — resulting in an infrastructural bottleneck. Following U.S. President Joe Biden’s revocation of TC Energy’s contentious Keystone XL pipeline and the company’s subsequent termination of the project, Canadian oil sands producers will have to wait a little longer for the takeaway capacity issue to be resolved. One-Year Price Performance Industry's Current Valuation Since oil and gas companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio. | Trailing 12-Month Enterprise Value-to EBITDA (EV/EBITDA) Ratio (Past Five Years) Stocks in Focus Canadian Natural Resources: This Calgary-based energy major boasts a diversified portfolio of crude oil (heavy as well as light), natural gas, bitumen and synthetic crude oil. Lower capital expenditure needs, accretive acquisitions and improving operational efficiencies are the other positives in Canadian Natural’s story, allowing the company to generate a significant free cash flow of C$10.9 billion (post capital spending and dividends) in 2022. Click to get this free report Canadian Natural Resources Limited (CNQ) : Free Stock Analysis Report Ovintiv Inc. (OVV) : Free Stock Analysis Report To read this article on Zacks.com click here. | About the Industry The Zacks Oil and Gas - US E&P industry consists of companies primarily based in the domestic market, focused on the exploration and production (E&P) of oil and natural gas. Zacks Industry Rank Indicates Bearish Outlook The Zacks Oil and Gas - Canadian E&P is a seven-stock group within the broader Zacks Oil - Energy sector. Industry Outperforms Sector But Lags S&P 500 The Zacks Oil and Gas - Canadian E&P has fared better than the broader Zacks Oil - Energy sector over the past year but has underperformed the Zacks S&P 500 composite over the same period. | Natural gas is also not immune to the broader market decline, trading notably lower year to date. About the Industry The Zacks Oil and Gas - US E&P industry consists of companies primarily based in the domestic market, focused on the exploration and production (E&P) of oil and natural gas. Lower capital expenditure needs, accretive acquisitions and improving operational efficiencies are the other positives in Canadian Natural’s story, allowing the company to generate a significant free cash flow of C$10.9 billion (post capital spending and dividends) in 2022. | f948b976-7438-496a-b4dd-5cc46e18f3f8 |
710609.0 | 2023-12-16 06:00:00 UTC | W.P. Carey (WPC) Outpaces Stock Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/w.p.-carey-wpc-outpaces-stock-market-gains%3A-what-you-should-know-4 | nan | nan | In the latest market close, W.P. Carey (WPC) reached $64.52, with a +0.94% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.59%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.66%.
Coming into today, shares of the real estate investment trust had gained 12.02% in the past month. In that same time, the Finance sector gained 7.84%, while the S&P 500 gained 5.16%.
Investors will be eagerly watching for the performance of W.P. Carey in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.20, showcasing a 6.98% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $423.19 million, indicating a 5.11% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.20 per share and a revenue of $1.76 billion, representing changes of -1.7% and +19.14%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for W.P. Carey. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. W.P. Carey is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, W.P. Carey is presently being traded at a Forward P/E ratio of 12.29. This expresses a premium compared to the average Forward P/E of 11.69 of its industry.
One should further note that WPC currently holds a PEG ratio of 7.11. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the REIT and Equity Trust - Other industry stood at 2.52 at the close of the market yesterday.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 152, positioning it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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W.P. Carey Inc. (WPC) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the meantime, our current consensus estimate forecasts the revenue to be $423.19 million, indicating a 5.11% growth compared to the corresponding quarter of the prior year. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. | The average PEG ratio for the REIT and Equity Trust - Other industry stood at 2.52 at the close of the market yesterday. Currently, this industry holds a Zacks Industry Rank of 152, positioning it in the bottom 40% of all 250+ industries. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Currently, this industry holds a Zacks Industry Rank of 152, positioning it in the bottom 40% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. | Investors should also note any recent changes to analyst estimates for W.P. Carey is presently being traded at a Forward P/E ratio of 12.29. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? | bfafd1fb-d216-465c-8ebb-1872e075d231 |
710610.0 | 2023-12-16 06:00:00 UTC | Here's Why Abbott (ABT) Gained But Lagged the Market Today | DCOMP | https://www.nasdaq.com/articles/heres-why-abbott-abt-gained-but-lagged-the-market-today | nan | nan | Abbott (ABT) closed the most recent trading day at $108.42, moving +0.33% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.66%.
Coming into today, shares of the maker of infant formula, medical devices and drugs had gained 6.78% in the past month. In that same time, the Medical sector gained 5.08%, while the S&P 500 gained 5.16%.
The investment community will be closely monitoring the performance of Abbott in its forthcoming earnings report. The company is predicted to post an EPS of $1.19, indicating a 15.53% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $10.14 billion, reflecting a 0.49% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.44 per share and a revenue of $40.01 billion, indicating changes of -16.85% and -8.35%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Abbott. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Abbott holds a Zacks Rank of #3 (Hold).
With respect to valuation, Abbott is currently being traded at a Forward P/E ratio of 24.34. This signifies a premium in comparison to the average Forward P/E of 23.32 for its industry.
It's also important to note that ABT currently trades at a PEG ratio of 2.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Medical - Products industry held an average PEG ratio of 2.68.
The Medical - Products industry is part of the Medical sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Abbott Laboratories (ABT) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Coming into today, shares of the maker of infant formula, medical devices and drugs had gained 6.78% in the past month. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. | At the same time, our most recent consensus estimate is projecting a revenue of $10.14 billion, reflecting a 0.49% rise from the equivalent quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.44 per share and a revenue of $40.01 billion, indicating changes of -16.85% and -8.35%, respectively, from the former year. As of the close of trade yesterday, the Medical - Products industry held an average PEG ratio of 2.68. | In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.44 per share and a revenue of $40.01 billion, indicating changes of -16.85% and -8.35%, respectively, from the former year. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. | Abbott (ABT) closed the most recent trading day at $108.42, moving +0.33% from the previous trading session. At the same time, our most recent consensus estimate is projecting a revenue of $10.14 billion, reflecting a 0.49% rise from the equivalent quarter last year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? | 4ce0748d-28f7-4d74-8293-6b88d78231ba |
710611.0 | 2023-12-16 06:00:00 UTC | PPG Industries (PPG) Rises But Trails Market: What Investors Should Know | DCOMP | https://www.nasdaq.com/articles/ppg-industries-ppg-rises-but-trails-market%3A-what-investors-should-know | nan | nan | The latest trading session saw PPG Industries (PPG) ending at $149.51, denoting a +0.51% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.59% for the day. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.66%.
The the stock of paint and coatings maker has risen by 9.73% in the past month, leading the Basic Materials sector's gain of 6.6% and the S&P 500's gain of 5.16%.
The upcoming earnings release of PPG Industries will be of great interest to investors. It is anticipated that the company will report an EPS of $1.49, marking a 22.13% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.27 billion, indicating a 1.92% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.64 per share and a revenue of $18.16 billion, indicating changes of +26.28% and +2.89%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PPG Industries. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, PPG Industries is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, PPG Industries is holding a Forward P/E ratio of 19.46. This signifies a premium in comparison to the average Forward P/E of 17.8 for its industry.
Investors should also note that PPG has a PEG ratio of 1.26 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Chemical - Specialty industry had an average PEG ratio of 2.77 as trading concluded yesterday.
The Chemical - Specialty industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 42% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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PPG Industries, Inc. (PPG) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Meanwhile, the latest consensus estimate predicts the revenue to be $4.27 billion, indicating a 1.92% increase compared to the same quarter of the previous year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.64 per share and a revenue of $18.16 billion, indicating changes of +26.28% and +2.89%, respectively, from the former year. Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 42% of over 250 industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Click to get this free report PPG Industries, Inc. (PPG) : Free Stock Analysis Report To read this article on Zacks.com click here. | The latest trading session saw PPG Industries (PPG) ending at $149.51, denoting a +0.51% adjustment from its last day's close. Currently, PPG Industries is carrying a Zacks Rank of #3 (Hold). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 35688f1e-865d-4287-9329-bb456526f258 |
710612.0 | 2023-12-16 06:00:00 UTC | Kinder Morgan (KMI) Advances But Underperforms Market: Key Facts | DCOMP | https://www.nasdaq.com/articles/kinder-morgan-kmi-advances-but-underperforms-market%3A-key-facts | nan | nan | The latest trading session saw Kinder Morgan (KMI) ending at $17.64, denoting a +0.4% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.59%. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.66%.
The oil and natural gas pipeline and storage company's stock has climbed by 3.72% in the past month, exceeding the Oils-Energy sector's loss of 0.43% and lagging the S&P 500's gain of 5.16%.
Analysts and investors alike will be keeping a close eye on the performance of Kinder Morgan in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.30, showcasing a 3.23% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.13 billion, showing a 9.77% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.10 per share and revenue of $15.47 billion, indicating changes of -5.17% and -19.43%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kinder Morgan. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.05% fall in the Zacks Consensus EPS estimate. Kinder Morgan is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Kinder Morgan is at present trading with a Forward P/E ratio of 15.95. For comparison, its industry has an average Forward P/E of 17.52, which means Kinder Morgan is trading at a discount to the group.
It is also worth noting that KMI currently has a PEG ratio of 5.32. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 4.77 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The oil and natural gas pipeline and storage company's stock has climbed by 3.72% in the past month, exceeding the Oils-Energy sector's loss of 0.43% and lagging the S&P 500's gain of 5.16%. Analysts and investors alike will be keeping a close eye on the performance of Kinder Morgan in its upcoming earnings disclosure. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 4.77 based on yesterday's closing prices. | The latest trading session saw Kinder Morgan (KMI) ending at $17.64, denoting a +0.4% adjustment from its last day's close. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 4.77 based on yesterday's closing prices. Click to get this free report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here. | The latest trading session saw Kinder Morgan (KMI) ending at $17.64, denoting a +0.4% adjustment from its last day's close. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | a2a4362d-c1be-4319-90f9-715e266348c0 |
710613.0 | 2023-12-16 06:00:00 UTC | D.R. Horton (DHI) Laps the Stock Market: Here's Why | DCOMP | https://www.nasdaq.com/articles/d.r.-horton-dhi-laps-the-stock-market%3A-heres-why | nan | nan | D.R. Horton (DHI) closed at $150.24 in the latest trading session, marking a +1.1% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.59% for the day. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.66%.
The the stock of homebuilder has risen by 15.73% in the past month, leading the Construction sector's gain of 13.44% and the S&P 500's gain of 5.16%.
Investors will be eagerly watching for the performance of D.R. Horton in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 23, 2024. In that report, analysts expect D.R. Horton to post earnings of $2.86 per share. This would mark year-over-year growth of 3.62%. Meanwhile, the latest consensus estimate predicts the revenue to be $7.61 billion, indicating a 4.79% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $14.18 per share and revenue of $36.33 billion, which would represent changes of +2.6% and +2.45%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for D.R. Horton. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.37% lower. D.R. Horton presently features a Zacks Rank of #3 (Hold).
In terms of valuation, D.R. Horton is currently trading at a Forward P/E ratio of 10.48. This valuation marks a premium compared to its industry's average Forward P/E of 9.9.
We can additionally observe that DHI currently boasts a PEG ratio of 0.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Building Products - Home Builders industry stood at 0.86 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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D.R. Horton, Inc. (DHI) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Meanwhile, the latest consensus estimate predicts the revenue to be $7.61 billion, indicating a 4.79% increase compared to the same quarter of the previous year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. | Horton (DHI) closed at $150.24 in the latest trading session, marking a +1.1% move from the prior day. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Building Products - Home Builders industry stood at 0.86 at the close of the market yesterday. | This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. | Horton (DHI) closed at $150.24 in the latest trading session, marking a +1.1% move from the prior day. Horton is currently trading at a Forward P/E ratio of 10.48. This valuation marks a premium compared to its industry's average Forward P/E of 9.9. | 1e7f3566-8d26-4410-8690-0b99522c33ac |
710614.0 | 2023-12-16 06:00:00 UTC | Why Chipotle Mexican Grill (CMG) Outpaced the Stock Market Today | DCOMP | https://www.nasdaq.com/articles/why-chipotle-mexican-grill-cmg-outpaced-the-stock-market-today | nan | nan | Chipotle Mexican Grill (CMG) closed at $2,327.03 in the latest trading session, marking a +1.31% move from the prior day. This move outpaced the S&P 500's daily gain of 0.59%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.66%.
Prior to today's trading, shares of the Mexican food chain had gained 5.05% over the past month. This has outpaced the Retail-Wholesale sector's gain of 4.97% and lagged the S&P 500's gain of 5.16% in that time.
The upcoming earnings release of Chipotle Mexican Grill will be of great interest to investors. The company's earnings report is expected on February 6, 2024. The company is predicted to post an EPS of $9.60, indicating a 15.8% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.49 billion, up 14.06% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $44.04 per share and a revenue of $9.84 billion, representing changes of +34.35% and +13.99%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Chipotle Mexican Grill. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Chipotle Mexican Grill is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Chipotle Mexican Grill is at present trading with a Forward P/E ratio of 52.16. This represents a premium compared to its industry's average Forward P/E of 21.79.
We can also see that CMG currently has a PEG ratio of 2.01. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Restaurants was holding an average PEG ratio of 1.9 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Chipotle Mexican Grill (CMG) closed at $2,327.03 in the latest trading session, marking a +1.31% move from the prior day. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Chipotle Mexican Grill (CMG) closed at $2,327.03 in the latest trading session, marking a +1.31% move from the prior day. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Click to get this free report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report To read this article on Zacks.com click here. | Chipotle Mexican Grill (CMG) closed at $2,327.03 in the latest trading session, marking a +1.31% move from the prior day. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 2ba6187e-5a6d-4007-a9d2-68bfbb21b295 |
710615.0 | 2023-12-16 06:00:00 UTC | Hubbell (HUBB) Stock Declines While Market Improves: Some Information for Investors | DCOMP | https://www.nasdaq.com/articles/hubbell-hubb-stock-declines-while-market-improves%3A-some-information-for-investors | nan | nan | Hubbell (HUBB) closed at $323.69 in the latest trading session, marking a -0.44% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.59%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.66%.
Shares of the electrical products manufacturer have appreciated by 8.1% over the course of the past month, outperforming the Industrial Products sector's gain of 7.67% and the S&P 500's gain of 5.16%.
Investors will be eagerly watching for the performance of Hubbell in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.59, reflecting a 38.08% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.31 billion, up 7.63% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.16 per share and a revenue of $5.34 billion, indicating changes of +42.75% and +7.92%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Hubbell. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.14% lower within the past month. Hubbell presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Hubbell is presently being traded at a Forward P/E ratio of 21.44. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 21.44.
One should further note that HUBB currently holds a PEG ratio of 2.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Manufacturing - Electrical Utilities stocks are, on average, holding a PEG ratio of 2.14 based on yesterday's closing prices.
The Manufacturing - Electrical Utilities industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
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Hubbell Inc (HUBB) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Shares of the electrical products manufacturer have appreciated by 8.1% over the course of the past month, outperforming the Industrial Products sector's gain of 7.67% and the S&P 500's gain of 5.16%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.16 per share and a revenue of $5.34 billion, indicating changes of +42.75% and +7.92%, respectively, from the former year. Manufacturing - Electrical Utilities stocks are, on average, holding a PEG ratio of 2.14 based on yesterday's closing prices. | With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | Shares of the electrical products manufacturer have appreciated by 8.1% over the course of the past month, outperforming the Industrial Products sector's gain of 7.67% and the S&P 500's gain of 5.16%. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | b61d8d47-8e9f-42c7-9111-2dc9d85f2dc4 |
710616.0 | 2023-12-16 06:00:00 UTC | Lamb Weston (LW) Stock Falls Amid Market Uptick: What Investors Need to Know | DCOMP | https://www.nasdaq.com/articles/lamb-weston-lw-stock-falls-amid-market-uptick%3A-what-investors-need-to-know | nan | nan | Lamb Weston (LW) closed at $105.92 in the latest trading session, marking a -1.24% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.59%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.66%.
The the stock of frozen foods supplier has risen by 10.19% in the past month, leading the Consumer Staples sector's gain of 1.96% and the S&P 500's gain of 5.16%.
Analysts and investors alike will be keeping a close eye on the performance of Lamb Weston in its upcoming earnings disclosure. The company's earnings report is set to go public on January 4, 2024. The company is forecasted to report an EPS of $1.40, showcasing a 9.38% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.69 billion, reflecting a 32.61% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.84 per share and revenue of $6.86 billion, which would represent changes of +24.79% and +28.29%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Lamb Weston. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Lamb Weston is currently a Zacks Rank #3 (Hold).
In terms of valuation, Lamb Weston is presently being traded at a Forward P/E ratio of 18.35. This represents a premium compared to its industry's average Forward P/E of 17.16.
Investors should also note that LW has a PEG ratio of 1.38 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Food - Miscellaneous industry was having an average PEG ratio of 2.49.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Lamb Weston (LW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Analysts and investors alike will be keeping a close eye on the performance of Lamb Weston in its upcoming earnings disclosure. At the same time, our most recent consensus estimate is projecting a revenue of $1.69 billion, reflecting a 32.61% rise from the equivalent quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. | This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Lamb Weston (LW) : Free Stock Analysis Report To read this article on Zacks.com click here. | Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Click to get this free report Lamb Weston (LW) : Free Stock Analysis Report To read this article on Zacks.com click here. | Lamb Weston (LW) closed at $105.92 in the latest trading session, marking a -1.24% move from the prior day. Lamb Weston is currently a Zacks Rank #3 (Hold). Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries. | 834ee6ea-a5b2-4fd2-a652-03fecd46c672 |
710617.0 | 2023-12-16 06:00:00 UTC | Ares Capital (ARCC) Stock Sinks As Market Gains: Here's Why | DCOMP | https://www.nasdaq.com/articles/ares-capital-arcc-stock-sinks-as-market-gains%3A-heres-why | nan | nan | The most recent trading session ended with Ares Capital (ARCC) standing at $19.72, reflecting a -0.15% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.66%.
Shares of the private equity firm witnessed a gain of 0.1% over the previous month, trailing the performance of the Finance sector with its gain of 7.84% and the S&P 500's gain of 5.16%.
The investment community will be paying close attention to the earnings performance of Ares Capital in its upcoming release. On that day, Ares Capital is projected to report earnings of $0.59 per share, which would represent a year-over-year decline of 6.35%. Meanwhile, the latest consensus estimate predicts the revenue to be $683.52 million, indicating a 6.8% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.34 per share and revenue of $2.59 billion, which would represent changes of +15.84% and +23.59%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Ares Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Ares Capital is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Ares Capital is currently being traded at a Forward P/E ratio of 8.45. This valuation marks a premium compared to its industry's average Forward P/E of 7.51.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Ares Capital Corporation (ARCC) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Meanwhile, the latest consensus estimate predicts the revenue to be $683.52 million, indicating a 6.8% increase compared to the same quarter of the previous year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | For the full year, the Zacks Consensus Estimates are projecting earnings of $2.34 per share and revenue of $2.59 billion, which would represent changes of +15.84% and +23.59%, respectively, from the prior year. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Ares Capital Corporation (ARCC) : Free Stock Analysis Report To read this article on Zacks.com click here. | The most recent trading session ended with Ares Capital (ARCC) standing at $19.72, reflecting a -0.15% shift from the previouse trading day's closing. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. | The most recent trading session ended with Ares Capital (ARCC) standing at $19.72, reflecting a -0.15% shift from the previouse trading day's closing. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 4dbd1825-8c03-4e67-a38d-f6a3b620b4f3 |
710618.0 | 2023-12-16 06:00:00 UTC | BP (BP) Outperforms Broader Market: What You Need to Know | DCOMP | https://www.nasdaq.com/articles/bp-bp-outperforms-broader-market%3A-what-you-need-to-know | nan | nan | BP (BP) closed the latest trading day at $35.40, indicating a +0.8% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.66%.
The oil and gas company's stock has dropped by 2.12% in the past month, falling short of the Oils-Energy sector's loss of 0.43% and the S&P 500's gain of 5.16%.
The upcoming earnings release of BP will be of great interest to investors. The company is predicted to post an EPS of $1.33, indicating a 16.35% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $65.59 billion, indicating a 6.77% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.05 per share and a revenue of $220.2 billion, signifying shifts of -42.22% and -11.53%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BP. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.87% fall in the Zacks Consensus EPS estimate. BP presently features a Zacks Rank of #3 (Hold).
Looking at valuation, BP is presently trading at a Forward P/E ratio of 6.96. For comparison, its industry has an average Forward P/E of 6.39, which means BP is trading at a premium to the group.
Also, we should mention that BP has a PEG ratio of 1.07. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.83 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
BP p.l.c. (BP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The oil and gas company's stock has dropped by 2.12% in the past month, falling short of the Oils-Energy sector's loss of 0.43% and the S&P 500's gain of 5.16%. Alongside, our most recent consensus estimate is anticipating revenue of $65.59 billion, indicating a 6.77% downward movement from the same quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.05 per share and a revenue of $220.2 billion, signifying shifts of -42.22% and -11.53%, respectively, from the last year. | Alongside, our most recent consensus estimate is anticipating revenue of $65.59 billion, indicating a 6.77% downward movement from the same quarter last year. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.83 as trading concluded yesterday. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. | Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BP. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 2e290673-ffd9-4df3-94cb-8558875980d3 |
710619.0 | 2023-12-16 06:00:00 UTC | The Charles Schwab Corporation (SCHW) Laps the Stock Market: Here's Why | DCOMP | https://www.nasdaq.com/articles/the-charles-schwab-corporation-schw-laps-the-stock-market%3A-heres-why | nan | nan | The latest trading session saw The Charles Schwab Corporation (SCHW) ending at $69.74, denoting a +0.62% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
Shares of the company witnessed a gain of 22.54% over the previous month, beating the performance of the Finance sector with its gain of 7.84% and the S&P 500's gain of 5.16%.
Investors will be eagerly watching for the performance of The Charles Schwab Corporation in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.69, marking a 35.51% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.63 billion, down 15.71% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.15 per share and revenue of $18.98 billion, which would represent changes of -19.23% and -8.58%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for The Charles Schwab Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.49% lower within the past month. As of now, The Charles Schwab Corporation holds a Zacks Rank of #3 (Hold).
In terms of valuation, The Charles Schwab Corporation is currently trading at a Forward P/E ratio of 22.03. For comparison, its industry has an average Forward P/E of 17.7, which means The Charles Schwab Corporation is trading at a premium to the group.
Investors should also note that SCHW has a PEG ratio of 3.08 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.6 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 25% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The latest trading session saw The Charles Schwab Corporation (SCHW) ending at $69.74, denoting a +0.62% adjustment from its last day's close. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.6 based on yesterday's closing prices. | The latest trading session saw The Charles Schwab Corporation (SCHW) ending at $69.74, denoting a +0.62% adjustment from its last day's close. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.6 based on yesterday's closing prices. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 25% of over 250 industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Click to get this free report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report To read this article on Zacks.com click here. | The latest trading session saw The Charles Schwab Corporation (SCHW) ending at $69.74, denoting a +0.62% adjustment from its last day's close. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 25% of over 250 industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | cbc938cc-04b6-470f-8834-652115f8838e |
710620.0 | 2023-12-16 06:00:00 UTC | General Dynamics (GD) Rises Yet Lags Behind Market: Some Facts Worth Knowing | DCOMP | https://www.nasdaq.com/articles/general-dynamics-gd-rises-yet-lags-behind-market%3A-some-facts-worth-knowing | nan | nan | The latest trading session saw General Dynamics (GD) ending at $253.89, denoting a +0.4% adjustment from its last day's close. This change lagged the S&P 500's 0.59% gain on the day. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
Shares of the defense contractor have appreciated by 2.88% over the course of the past month, underperforming the Aerospace sector's gain of 6.68% and the S&P 500's gain of 5.16%.
The upcoming earnings release of General Dynamics will be of great interest to investors. The company's earnings per share (EPS) are projected to be $4.19, reflecting a 17.04% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $12.48 billion, indicating a 15.02% upward movement from the same quarter last year.
GD's full-year Zacks Consensus Estimates are calling for earnings of $12.56 per share and revenue of $42.99 billion. These results would represent year-over-year changes of +3.04% and +9.1%, respectively.
It is also important to note the recent changes to analyst estimates for General Dynamics. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.25% lower. Currently, General Dynamics is carrying a Zacks Rank of #3 (Hold).
Investors should also note General Dynamics's current valuation metrics, including its Forward P/E ratio of 20.13. This signifies a premium in comparison to the average Forward P/E of 17.68 for its industry.
It's also important to note that GD currently trades at a PEG ratio of 2.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Aerospace - Defense industry held an average PEG ratio of 1.9.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 72, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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General Dynamics Corporation (GD) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Alongside, our most recent consensus estimate is anticipating revenue of $12.48 billion, indicating a 15.02% upward movement from the same quarter last year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. | The latest trading session saw General Dynamics (GD) ending at $253.89, denoting a +0.4% adjustment from its last day's close. Investors should also note General Dynamics's current valuation metrics, including its Forward P/E ratio of 20.13. Click to get this free report General Dynamics Corporation (GD) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 72, this industry ranks in the top 29% of all industries, numbering over 250. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. | The latest trading session saw General Dynamics (GD) ending at $253.89, denoting a +0.4% adjustment from its last day's close. With its current Zacks Industry Rank of 72, this industry ranks in the top 29% of all industries, numbering over 250. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? | c2b57e28-54d0-4fa0-99c2-7a686d1f6cee |
710621.0 | 2023-12-16 06:00:00 UTC | United Airlines (UAL) Ascends But Remains Behind Market: Some Facts to Note | DCOMP | https://www.nasdaq.com/articles/united-airlines-ual-ascends-but-remains-behind-market%3A-some-facts-to-note | nan | nan | In the latest trading session, United Airlines (UAL) closed at $42.42, marking a +0.21% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.59% for the day. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
The the stock of airline has risen by 5.77% in the past month, lagging the Transportation sector's gain of 8.79% and overreaching the S&P 500's gain of 5.16%.
The investment community will be closely monitoring the performance of United Airlines in its forthcoming earnings report. The company is forecasted to report an EPS of $1.63, showcasing a 33.74% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $13.53 billion, up 9.14% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.67 per share and a revenue of $53.64 billion, signifying shifts of +283.73% and +19.32%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for United Airlines. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% lower within the past month. United Airlines currently has a Zacks Rank of #3 (Hold).
Digging into valuation, United Airlines currently has a Forward P/E ratio of 4.38. This expresses a discount compared to the average Forward P/E of 7.58 of its industry.
It is also worth noting that UAL currently has a PEG ratio of 0.09. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Transportation - Airline industry stood at 0.31 at the close of the market yesterday.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 25% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UAL in the coming trading sessions, be sure to utilize Zacks.com.
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United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.67 per share and a revenue of $53.64 billion, signifying shifts of +283.73% and +19.32%, respectively, from the last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | In the latest trading session, United Airlines (UAL) closed at $42.42, marking a +0.21% move from the previous day. For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.67 per share and a revenue of $53.64 billion, signifying shifts of +283.73% and +19.32%, respectively, from the last year. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 25% of over 250 industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | United Airlines currently has a Zacks Rank of #3 (Hold). At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 25% of over 250 industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | ad0bf67d-671a-4175-a68d-75829a99736b |
710622.0 | 2023-12-16 06:00:00 UTC | Boeing: Ready for take-off after a bumpy ride? | DCOMP | https://www.nasdaq.com/articles/boeing%3A-ready-for-take-off-after-a-bumpy-ride | nan | nan | Boeing (NYSE: BA) has been soaring through the headlines like a 787 Dreamliner on a clear blue sky day. The aerospace giant's stock has taken off, leaving analysts and investors scrambling to glimpse the tailwinds propelling it forward. Buckle up as we unpack the key factors fueling this flight and explore whether Boeing's future holds blue skies or storm clouds ahead.
Seaplanes to starships: Boeing's empire
Boeing is a company that conjures up images of soaring jets, majestic airliners, and cutting-edge technology that pushes the boundaries of flight. But this aerospace industry giant is more than just a plane manufacturer. Boeing is a diversified powerhouse, a global leader in developing, producing, and servicing commercial airplanes, defense systems, space vehicles, and more.
Orders soaring higher
Boeing's commercial aircraft business, once experiencing turbulence, has received a welcome shot of adrenaline in the form of surging orders. The most significant boost came from Lufthansa, the German airline giant, placing a landmark order for 100 737 MAX jets. This marks an important moment as it's Lufthansa's first purchase of Boeing single-aisle planes since 1995, signaling a restored trust in the manufacturer and its flagship narrowbody aircraft. The $9 billion deal represents a substantial vote of confidence in the 737 MAX's capabilities and future market potential.
Beyond Lufthansa, Boeing has secured additional orders from key players like United Airlines (NASDAQ: UAL) and Air Lease Corporation (NYSE: AL). These continued deals further solidify the company's order backlog, providing crucial visibility into its production pipeline and future revenue streams. With a healthy backlog, Boeing can confidently ramp up production, optimize its supply chain, and secure financing for its ambitious manufacturing plans. This momentum in the commercial aircraft segment paints a brighter picture of Boeing's financial health and long-term stability.
The significance of these orders goes beyond the numbers. They demonstrate a renewed industry-wide confidence in Boeing's ability to overcome past challenges and deliver reliable, fuel-efficient aircraft. Once shaken by the 737 MAX disasters and subsequent grounding, this trust is slowly returning, paving the way for a potential market resurgence for Boeing's commercial offerings. While external factors such as economic conditions and fuel prices continue to play a role, the recent order surge injects crucial optimism into Boeing's commercial aircraft segment, propelling it towards a potential recovery in the future.
Taking control from the inside out
Beyond headline-grabbing orders, Boeing has quietly made internal changes that strengthen its financial foundation and future prospects. One key move is the promotion of Chris Raymond to head the aftermarket business. This strategic decision signals a renewed focus on maximizing revenue streams beyond selling new aircraft. By prioritizing the aftermarket, Boeing aims to tap into the lucrative potential of maintaining existing fleets through spare parts sales, maintenance services, and data-driven solutions. This shift in focus promises a more diversified and resilient revenue stream, less reliant on the cyclical nature of new aircraft orders.
Furthermore, Boeing's financial performance has shown encouraging signs of improvement. Rising revenue signals a healthy increase in demand for its products and services. More importantly, the company's free cash flow is stabilizing, indicating better control over its operating expenses and capital allocation. This financial stability gives Boeing greater flexibility to invest in R&D, pursue strategic acquisitions, and potentially return value to shareholders through dividends or share buybacks.
Boeing catches a shifting market sentiment
The winds of change are blowing in the financial markets, and Boeing feels the tailwinds at its back. The broader market's recent shift towards cyclical and industrial stocks like Boeing has created a favorable environment for the aerospace giant. This shift can be attributed to several factors, including:
A more optimistic economic outlook: Investors are gradually shedding their recessionary fears and adopting a more positive view of the economic trajectory. This newfound optimism translates into increased confidence in cyclical sectors like industrials, where Boeing is dominant.
Repositioning of investment portfolios: With the potential for an economic rebound, investors are reallocating their capital away from defensive, "safe haven" sectors and towards cyclical industries poised to benefit from increased economic activity. As a key player in the transportation and manufacturing sectors, Boeing stands to gain significantly from this capital inflow.
Attractive valuation: Boeing's stock price is currently considered relatively undervalued compared to its historical averages. This presents a potentially lucrative opportunity for investors seeking exposure to a well-established company with significant growth potential in a recovering market.
Analysts sing bullish tunes for Boeing
The analyst community has joined the symphony of optimism surrounding Boeing, with several major Wall Street voices upgrading their ratings to "Buy" in recent weeks. This bullish sentiment is fueled by Boeing's improving financial fundamentals, including rising revenue, stabilizing cash flow, and a more diversified revenue stream through its focus on the aftermarket. This vote of confidence from the analyst community fuels the positive momentum propelling Boeing's stock price forward.
However, amidst the fanfare, it's crucial to acknowledge the potential counterpoints to this bullish narrative. Despite the recent surge, Boeing's stock price has already climbed significantly, raising concerns about a possible pullback or correction in the short term. Technical analysis suggests Boeing’s stock may be entering overbought territory, a technical indicator often hinting at a potential downward adjustment. This potential for a correction serves as a reminder that the current upward trajectory may not be a straight line to the skies.
Furthermore, the legal challenges stemming from the 737 MAX grounding persist. While progress has been made, resolving these legal issues remains a complex process with the potential to introduce uncertainty and impact future performance. Investors must carefully consider these headwinds alongside the recent surge's positive developments.
While there are some lingering concerns, Boeing's recent news has been overwhelmingly positive. The major aircraft orders, internal improvements, and shifting market sentiment have all contributed to the company's stock surge. Whether this momentum can be sustained in the long term remains to be seen, but Boeing's recent performance is certainly encouraging for investors.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Beyond Lufthansa, Boeing has secured additional orders from key players like United Airlines (NASDAQ: UAL) and Air Lease Corporation (NYSE: AL). While external factors such as economic conditions and fuel prices continue to play a role, the recent order surge injects crucial optimism into Boeing's commercial aircraft segment, propelling it towards a potential recovery in the future. By prioritizing the aftermarket, Boeing aims to tap into the lucrative potential of maintaining existing fleets through spare parts sales, maintenance services, and data-driven solutions. | While external factors such as economic conditions and fuel prices continue to play a role, the recent order surge injects crucial optimism into Boeing's commercial aircraft segment, propelling it towards a potential recovery in the future. This bullish sentiment is fueled by Boeing's improving financial fundamentals, including rising revenue, stabilizing cash flow, and a more diversified revenue stream through its focus on the aftermarket. This vote of confidence from the analyst community fuels the positive momentum propelling Boeing's stock price forward. | While external factors such as economic conditions and fuel prices continue to play a role, the recent order surge injects crucial optimism into Boeing's commercial aircraft segment, propelling it towards a potential recovery in the future. Boeing catches a shifting market sentiment The winds of change are blowing in the financial markets, and Boeing feels the tailwinds at its back. Analysts sing bullish tunes for Boeing The analyst community has joined the symphony of optimism surrounding Boeing, with several major Wall Street voices upgrading their ratings to "Buy" in recent weeks. | While external factors such as economic conditions and fuel prices continue to play a role, the recent order surge injects crucial optimism into Boeing's commercial aircraft segment, propelling it towards a potential recovery in the future. Despite the recent surge, Boeing's stock price has already climbed significantly, raising concerns about a possible pullback or correction in the short term. The major aircraft orders, internal improvements, and shifting market sentiment have all contributed to the company's stock surge. | 3d2d6828-23c5-4a25-84f7-fdf2d6bb1353 |
710623.0 | 2023-12-16 06:00:00 UTC | Avis Budget Group (CAR) Rises But Trails Market: What Investors Should Know | DCOMP | https://www.nasdaq.com/articles/avis-budget-group-car-rises-but-trails-market%3A-what-investors-should-know | nan | nan | Avis Budget Group (CAR) ended the recent trading session at $188.73, demonstrating a +0.05% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
Heading into today, shares of the car rental company had lost 0.23% over the past month, lagging the Transportation sector's gain of 8.79% and the S&P 500's gain of 5.16% in that time.
The investment community will be closely monitoring the performance of Avis Budget Group in its forthcoming earnings report. The company's upcoming EPS is projected at $4.38, signifying a 58.13% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.8 billion, indicating a 0.99% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $40.18 per share and revenue of $12.04 billion, indicating changes of -30.78% and +0.39%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Avis Budget Group should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Avis Budget Group possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Avis Budget Group has a Forward P/E ratio of 4.69 right now. This indicates a discount in contrast to its industry's Forward P/E of 15.36.
The Transportation - Services industry is part of the Transportation sector. With its current Zacks Industry Rank of 203, this industry ranks in the bottom 20% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CAR in the coming trading sessions, be sure to utilize Zacks.com.
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One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
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Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Avis Budget Group (CAR) ended the recent trading session at $188.73, demonstrating a +0.05% swing from the preceding day's closing price. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Avis Budget Group (CAR) ended the recent trading session at $188.73, demonstrating a +0.05% swing from the preceding day's closing price. Meanwhile, the latest consensus estimate predicts the revenue to be $2.8 billion, indicating a 0.99% increase compared to the same quarter of the previous year. Click to get this free report Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 203, this industry ranks in the bottom 20% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report To read this article on Zacks.com click here. | Avis Budget Group (CAR) ended the recent trading session at $188.73, demonstrating a +0.05% swing from the preceding day's closing price. With its current Zacks Industry Rank of 203, this industry ranks in the bottom 20% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 188f5e8a-a0d3-4e60-b621-f92958f32ce4 |
710624.0 | 2023-12-16 06:00:00 UTC | Franklin Covey (FC) Outpaces Stock Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/franklin-covey-fc-outpaces-stock-market-gains%3A-what-you-should-know-0 | nan | nan | Franklin Covey (FC) ended the recent trading session at $41.15, demonstrating a +1.11% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.59% gain on the day. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.66%.
Prior to today's trading, shares of the corporate training and consultanting company had gained 3.69% over the past month. This has lagged the Business Services sector's gain of 7.2% and the S&P 500's gain of 5.16% in that time.
The upcoming earnings release of Franklin Covey will be of great interest to investors. In that report, analysts expect Franklin Covey to post earnings of $0.23 per share. This would mark a year-over-year decline of 28.13%. At the same time, our most recent consensus estimate is projecting a revenue of $67.03 million, reflecting a 3.38% fall from the equivalent quarter last year.
FC's full-year Zacks Consensus Estimates are calling for earnings of $1.94 per share and revenue of $301.28 million. These results would represent year-over-year changes of +56.45% and +7.4%, respectively.
Any recent changes to analyst estimates for Franklin Covey should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Franklin Covey boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Franklin Covey is currently trading at a Forward P/E ratio of 21.01. This represents a premium compared to its industry's average Forward P/E of 20.82.
We can additionally observe that FC currently boasts a PEG ratio of 1.05. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Consulting Services stocks are, on average, holding a PEG ratio of 1.31 based on yesterday's closing prices.
The Consulting Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 43, placing it within the top 18% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Franklin Covey Company (FC) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Franklin Covey (FC) ended the recent trading session at $41.15, demonstrating a +1.11% swing from the preceding day's closing price. At the same time, our most recent consensus estimate is projecting a revenue of $67.03 million, reflecting a 3.38% fall from the equivalent quarter last year. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. | At present, Franklin Covey boasts a Zacks Rank of #3 (Hold). The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Franklin Covey Company (FC) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, this industry carries a Zacks Industry Rank of 43, placing it within the top 18% of over 250 industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Franklin Covey Company (FC) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, Franklin Covey boasts a Zacks Rank of #3 (Hold). At present, this industry carries a Zacks Industry Rank of 43, placing it within the top 18% of over 250 industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | bf3ba38e-4cf2-4a82-8ea4-66bc090d3b39 |
710625.0 | 2023-12-16 06:00:00 UTC | Down 94%, Is QuantumScape Stock a Buy for 2024? | DCOMP | https://www.nasdaq.com/articles/down-94-is-quantumscape-stock-a-buy-for-2024 | nan | nan | Fool.com contributor Parkev Tatevosian reviews QuantumScape's (NYSE: QS) prospects and answers if it's finally a good time to buy the stock.
*Stock prices used were the afternoon prices of Dec. 17, 2023. The video was published on Dec. 19, 2023.
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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fool.com contributor Parkev Tatevosian reviews QuantumScape's (NYSE: QS) prospects and answers if it's finally a good time to buy the stock. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. | Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and QuantumScape wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. | Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and QuantumScape wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. | Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and QuantumScape wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. | 83719633-52c5-46ec-93ad-6605fd474d12 |
710626.0 | 2023-12-16 06:00:00 UTC | Truist Financial Corporation (TFC) Surpasses Market Returns: Some Facts Worth Knowing | DCOMP | https://www.nasdaq.com/articles/truist-financial-corporation-tfc-surpasses-market-returns%3A-some-facts-worth-knowing | nan | nan | Truist Financial Corporation (TFC) closed the latest trading day at $36.72, indicating a +1.05% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.59%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.66%.
The company's stock has climbed by 13.42% in the past month, exceeding the Finance sector's gain of 7.84% and the S&P 500's gain of 5.16%.
The upcoming earnings release of Truist Financial Corporation will be of great interest to investors. The company's earnings report is expected on January 18, 2024. The company's earnings per share (EPS) are projected to be $0.88, reflecting a 32.31% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $5.63 billion, down 9.29% from the year-ago period.
TFC's full-year Zacks Consensus Estimates are calling for earnings of $3.76 per share and revenue of $24.61 billion. These results would represent year-over-year changes of -24.19% and +6.83%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Truist Financial Corporation. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Truist Financial Corporation is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Truist Financial Corporation is currently being traded at a Forward P/E ratio of 9.66. This signifies a discount in comparison to the average Forward P/E of 10.21 for its industry.
One should further note that TFC currently holds a PEG ratio of 2.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Banks - Major Regional industry was having an average PEG ratio of 1.47.
The Banks - Major Regional industry is part of the Finance sector. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 41% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Truist Financial Corporation (TFC) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Truist Financial Corporation (TFC) closed the latest trading day at $36.72, indicating a +1.05% change from the previous session's end. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | Truist Financial Corporation (TFC) closed the latest trading day at $36.72, indicating a +1.05% change from the previous session's end. TFC's full-year Zacks Consensus Estimates are calling for earnings of $3.76 per share and revenue of $24.61 billion. Click to get this free report Truist Financial Corporation (TFC) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 150, this industry ranks in the bottom 41% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Truist Financial Corporation (TFC) : Free Stock Analysis Report To read this article on Zacks.com click here. | Truist Financial Corporation (TFC) closed the latest trading day at $36.72, indicating a +1.05% change from the previous session's end. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 41% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | f56eea79-a551-4199-a062-faee5bbf5230 |
710627.0 | 2023-12-16 06:00:00 UTC | American Airlines (AAL) Rises But Trails Market: What Investors Should Know | DCOMP | https://www.nasdaq.com/articles/american-airlines-aal-rises-but-trails-market%3A-what-investors-should-know | nan | nan | The latest trading session saw American Airlines (AAL) ending at $14.30, denoting a +0.42% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.59% for the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.66%.
Shares of the world's largest airline witnessed a gain of 14.84% over the previous month, beating the performance of the Transportation sector with its gain of 8.79% and the S&P 500's gain of 5.16%.
Market participants will be closely following the financial results of American Airlines in its upcoming release. In that report, analysts expect American Airlines to post earnings of $0.03 per share. This would mark a year-over-year decline of 97.44%. At the same time, our most recent consensus estimate is projecting a revenue of $13.02 billion, reflecting a 1.29% fall from the equivalent quarter last year.
AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.40 per share and revenue of $52.76 billion. These results would represent year-over-year changes of +380% and +7.73%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.29% rise in the Zacks Consensus EPS estimate. At present, American Airlines boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 5.94 right now. This expresses a discount compared to the average Forward P/E of 7.58 of its industry.
It's also important to note that AAL currently trades at a PEG ratio of 0.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Transportation - Airline industry was having an average PEG ratio of 0.31.
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | At the same time, our most recent consensus estimate is projecting a revenue of $13.02 billion, reflecting a 1.29% fall from the equivalent quarter last year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | The latest trading session saw American Airlines (AAL) ending at $14.30, denoting a +0.42% adjustment from its last day's close. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 99d6d933-497b-481a-b7c7-c2c413f9df07 |
710628.0 | 2023-12-16 06:00:00 UTC | Why Netflix (NFLX) Outpaced the Stock Market Today | DCOMP | https://www.nasdaq.com/articles/why-netflix-nflx-outpaced-the-stock-market-today | nan | nan | In the latest market close, Netflix (NFLX) reached $495.02, with a +1.83% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.59% for the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.66%.
Prior to today's trading, shares of the internet video service had gained 2.46% over the past month. This has lagged the Consumer Discretionary sector's gain of 5.78% and the S&P 500's gain of 5.16% in that time.
Investors will be eagerly watching for the performance of Netflix in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 23, 2024. It is anticipated that the company will report an EPS of $2.18, marking a 1716.67% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $8.7 billion, up 10.86% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.07 per share and revenue of $33.58 billion, indicating changes of +21.31% and +6.22%, respectively, compared to the previous year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Netflix. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Netflix is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Netflix is currently trading at a Forward P/E ratio of 40.27. This valuation marks a premium compared to its industry's average Forward P/E of 14.51.
We can additionally observe that NFLX currently boasts a PEG ratio of 1.89. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Broadcast Radio and Television industry stood at 1.58 at the close of the market yesterday.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 145, which puts it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NFLX in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Netflix, Inc. (NFLX) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | In the latest market close, Netflix (NFLX) reached $495.02, with a +1.83% movement compared to the previous day. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report To read this article on Zacks.com click here. | Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.07 per share and revenue of $33.58 billion, indicating changes of +21.31% and +6.22%, respectively, compared to the previous year. This industry currently has a Zacks Industry Rank of 145, which puts it in the bottom 43% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. | This industry currently has a Zacks Industry Rank of 145, which puts it in the bottom 43% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 727ccb27-de4f-436e-8851-a73ae36417d3 |
710629.0 | 2023-12-16 06:00:00 UTC | HCA Healthcare (HCA) Rises Higher Than Market: Key Facts | DCOMP | https://www.nasdaq.com/articles/hca-healthcare-hca-rises-higher-than-market%3A-key-facts | nan | nan | The latest trading session saw HCA Healthcare (HCA) ending at $269.18, denoting a +0.75% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.66%.
Shares of the hospital operator witnessed a gain of 7.56% over the previous month, beating the performance of the Medical sector with its gain of 5.08% and the S&P 500's gain of 5.16%.
Investors will be eagerly watching for the performance of HCA Healthcare in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.02, signifying an 8.19% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.55 billion, up 6.78% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.17 per share and revenue of $64.21 billion, which would represent changes of +7.58% and +6.61%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for HCA Healthcare. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.06% increase. Right now, HCA Healthcare possesses a Zacks Rank of #4 (Sell).
Digging into valuation, HCA Healthcare currently has a Forward P/E ratio of 14.71. Its industry sports an average Forward P/E of 14.61, so one might conclude that HCA Healthcare is trading at a premium comparatively.
It is also worth noting that HCA currently has a PEG ratio of 1.54. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical - Hospital industry had an average PEG ratio of 1.77 as trading concluded yesterday.
The Medical - Hospital industry is part of the Medical sector. With its current Zacks Industry Rank of 171, this industry ranks in the bottom 33% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | For the full year, the Zacks Consensus Estimates are projecting earnings of $18.17 per share and revenue of $64.21 billion, which would represent changes of +7.58% and +6.61%, respectively, from the prior year. The Medical - Hospital industry had an average PEG ratio of 1.77 as trading concluded yesterday. Click to get this free report HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 171, this industry ranks in the bottom 33% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report To read this article on Zacks.com click here. | The latest trading session saw HCA Healthcare (HCA) ending at $269.18, denoting a +0.75% adjustment from its last day's close. With its current Zacks Industry Rank of 171, this industry ranks in the bottom 33% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 026dab02-2bf9-468d-a55c-b040e7b38863 |
710630.0 | 2023-12-16 06:00:00 UTC | AGNC Investment (AGNC) Rises Higher Than Market: Key Facts | DCOMP | https://www.nasdaq.com/articles/agnc-investment-agnc-rises-higher-than-market%3A-key-facts | nan | nan | In the latest market close, AGNC Investment (AGNC) reached $9.85, with a +1.18% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.59% for the day. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
The real estate investment trust's shares have seen an increase of 10.95% over the last month, surpassing the Finance sector's gain of 7.84% and the S&P 500's gain of 5.16%.
The investment community will be closely monitoring the performance of AGNC Investment in its forthcoming earnings report. The company is predicted to post an EPS of $0.49, indicating a 33.78% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $351.34 million, up 1305.34% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.52 per share and a revenue of $146.84 million, representing changes of -18.97% and -84.38%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for AGNC Investment. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.2% higher. AGNC Investment is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note AGNC Investment's current valuation metrics, including its Forward P/E ratio of 3.87. This indicates a discount in contrast to its industry's Forward P/E of 7.67.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 198, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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AGNC Investment Corp. (AGNC) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.52 per share and a revenue of $146.84 million, representing changes of -18.97% and -84.38%, respectively, from the prior year. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 198, this industry ranks in the bottom 22% of all industries, numbering over 250. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report To read this article on Zacks.com click here. | In the latest market close, AGNC Investment (AGNC) reached $9.85, with a +1.18% movement compared to the previous day. With its current Zacks Industry Rank of 198, this industry ranks in the bottom 22% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 35b23f94-384a-4f2d-bff5-3f16e935b3c6 |
710631.0 | 2023-12-16 06:00:00 UTC | Cadence Design Systems (CDNS) Gains But Lags Market: What You Should Know | DCOMP | https://www.nasdaq.com/articles/cadence-design-systems-cdns-gains-but-lags-market%3A-what-you-should-know-2 | nan | nan | In the latest trading session, Cadence Design Systems (CDNS) closed at $274.33, marking a +0.3% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.59%. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.66%.
Shares of the maker of hardware and software products for validating chip designs witnessed a gain of 1.2% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.11% and the S&P 500's gain of 5.16%.
The investment community will be closely monitoring the performance of Cadence Design Systems in its forthcoming earnings report. The company is forecasted to report an EPS of $1.33, showcasing a 38.54% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.07 billion, indicating a 18.58% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.10 per share and a revenue of $4.09 billion, demonstrating changes of +19.44% and +14.79%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cadence Design Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Cadence Design Systems possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Cadence Design Systems has a Forward P/E ratio of 53.6 right now. This valuation marks a premium compared to its industry's average Forward P/E of 32.15.
Also, we should mention that CDNS has a PEG ratio of 2.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.5 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 91, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Cadence Design Systems (CDNS) closed at $274.33, marking a +0.3% move from the previous day. In the meantime, our current consensus estimate forecasts the revenue to be $1.07 billion, indicating a 18.58% growth compared to the corresponding quarter of the prior year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. | In the latest trading session, Cadence Design Systems (CDNS) closed at $274.33, marking a +0.3% move from the previous day. In the meantime, our current consensus estimate forecasts the revenue to be $1.07 billion, indicating a 18.58% growth compared to the corresponding quarter of the prior year. Click to get this free report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, this industry carries a Zacks Industry Rank of 91, placing it within the top 37% of over 250 industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report To read this article on Zacks.com click here. | In the latest trading session, Cadence Design Systems (CDNS) closed at $274.33, marking a +0.3% move from the previous day. Right now, Cadence Design Systems possesses a Zacks Rank of #3 (Hold). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 0e4c1c10-3949-46ba-98bd-953d1c27d944 |
710632.0 | 2023-12-16 06:00:00 UTC | Why Honda Motor (HMC) Outpaced the Stock Market Today | DCOMP | https://www.nasdaq.com/articles/why-honda-motor-hmc-outpaced-the-stock-market-today-0 | nan | nan | In the latest market close, Honda Motor (HMC) reached $30.19, with a +1.27% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.59%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.66%.
Shares of the automaker witnessed a loss of 5.6% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 3.54% and the S&P 500's gain of 5.16%.
The investment community will be closely monitoring the performance of Honda Motor in its forthcoming earnings report. In that report, analysts expect Honda Motor to post earnings of $0.78 per share. This would mark a year-over-year decline of 23.53%. Our most recent consensus estimate is calling for quarterly revenue of $37.68 billion, up 19.76% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4 per share and revenue of $143.49 billion, which would represent changes of +32.01% and +14.79%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Honda Motor. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.32% decrease. Honda Motor is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Honda Motor has a Forward P/E ratio of 7.46 right now. Its industry sports an average Forward P/E of 6.57, so one might conclude that Honda Motor is trading at a premium comparatively.
Meanwhile, HMC's PEG ratio is currently 0.35. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.37 based on yesterday's closing prices.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
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Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report To read this article on Zacks.com click here. | In that report, analysts expect Honda Motor to post earnings of $0.78 per share. With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | b9c21e47-8835-4672-932a-a4c2a6495181 |
710633.0 | 2023-12-16 06:00:00 UTC | Delta Air Lines (DAL) Stock Declines While Market Improves: Some Information for Investors | DCOMP | https://www.nasdaq.com/articles/delta-air-lines-dal-stock-declines-while-market-improves%3A-some-information-for-investors-0 | nan | nan | The latest trading session saw Delta Air Lines (DAL) ending at $41.15, denoting a -0.07% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.59%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.66%.
Heading into today, shares of the airline had gained 12.82% over the past month, outpacing the Transportation sector's gain of 8.79% and the S&P 500's gain of 5.16% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Delta Air Lines in its upcoming earnings disclosure. In that report, analysts expect Delta Air Lines to post earnings of $1.16 per share. This would mark a year-over-year decline of 21.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.89 billion, up 3.36% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.11 per share and revenue of $55.64 billion. These totals would mark changes of +90.94% and +10%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Delta Air Lines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.17% higher within the past month. Currently, Delta Air Lines is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Delta Air Lines is presently trading at a Forward P/E ratio of 6.74. This denotes a discount relative to the industry's average Forward P/E of 7.58.
We can additionally observe that DAL currently boasts a PEG ratio of 0.21. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 0.31.
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The latest trading session saw Delta Air Lines (DAL) ending at $41.15, denoting a -0.07% adjustment from its last day's close. Analysts and investors alike will be keeping a close eye on the performance of Delta Air Lines in its upcoming earnings disclosure. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.11 per share and revenue of $55.64 billion. | The latest trading session saw Delta Air Lines (DAL) ending at $41.15, denoting a -0.07% adjustment from its last day's close. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.11 per share and revenue of $55.64 billion. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | The latest trading session saw Delta Air Lines (DAL) ending at $41.15, denoting a -0.07% adjustment from its last day's close. This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 0ef02a8b-43d4-4c58-9704-b760f8cf31b7 |
710634.0 | 2023-12-16 06:00:00 UTC | MasterCard (MA) Rises But Trails Market: What Investors Should Know | DCOMP | https://www.nasdaq.com/articles/mastercard-ma-rises-but-trails-market%3A-what-investors-should-know-0 | nan | nan | MasterCard (MA) ended the recent trading session at $425.47, demonstrating a +0.25% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
Heading into today, shares of the processor of debit and credit card payments had gained 4.95% over the past month, lagging the Business Services sector's gain of 7.2% and the S&P 500's gain of 5.16% in that time.
The investment community will be closely monitoring the performance of MasterCard in its forthcoming earnings report. The company's upcoming EPS is projected at $3.07, signifying a 15.85% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.45 billion, indicating a 10.89% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.16 per share and revenue of $25 billion, indicating changes of +14.18% and +12.43%, respectively, compared to the previous year.
Any recent changes to analyst estimates for MasterCard should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, MasterCard possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MasterCard has a Forward P/E ratio of 34.9 right now. This indicates a premium in contrast to its industry's Forward P/E of 14.77.
Meanwhile, MA's PEG ratio is currently 1.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial Transaction Services stocks are, on average, holding a PEG ratio of 1.23 based on yesterday's closing prices.
The Financial Transaction Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 142, finds itself in the bottom 44% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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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
Mastercard Incorporated (MA) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | MasterCard (MA) ended the recent trading session at $425.47, demonstrating a +0.25% swing from the preceding day's closing price. Financial Transaction Services stocks are, on average, holding a PEG ratio of 1.23 based on yesterday's closing prices. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | Meanwhile, the latest consensus estimate predicts the revenue to be $6.45 billion, indicating a 10.89% increase compared to the same quarter of the previous year. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report To read this article on Zacks.com click here. | Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.16 per share and revenue of $25 billion, indicating changes of +14.18% and +12.43%, respectively, compared to the previous year. This industry, currently bearing a Zacks Industry Rank of 142, finds itself in the bottom 44% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. | MasterCard (MA) ended the recent trading session at $425.47, demonstrating a +0.25% swing from the preceding day's closing price. This industry, currently bearing a Zacks Industry Rank of 142, finds itself in the bottom 44% echelons of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 2d0a8c41-555d-4b82-b567-d37d553a6085 |
710635.0 | 2023-12-16 06:00:00 UTC | Texas Instruments (TXN) Outperforms Broader Market: What You Need to Know | DCOMP | https://www.nasdaq.com/articles/texas-instruments-txn-outperforms-broader-market%3A-what-you-need-to-know | nan | nan | Texas Instruments (TXN) ended the recent trading session at $168.50, demonstrating a +0.65% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.59%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.66%.
Coming into today, shares of the chipmaker had gained 7.64% in the past month. In that same time, the Computer and Technology sector gained 4.11%, while the S&P 500 gained 5.16%.
The investment community will be closely monitoring the performance of Texas Instruments in its forthcoming earnings report. The company is expected to report EPS of $1.46, down 31.46% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.11 billion, down 11.92% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.04 per share and a revenue of $17.56 billion, representing changes of -25.03% and -12.35%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Texas Instruments. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% downward. As of now, Texas Instruments holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Texas Instruments is holding a Forward P/E ratio of 23.79. For comparison, its industry has an average Forward P/E of 20.66, which means Texas Instruments is trading at a premium to the group.
Meanwhile, TXN's PEG ratio is currently 2.64. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Semiconductor - General industry had an average PEG ratio of 2.83 as trading concluded yesterday.
The Semiconductor - General industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 184, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Texas Instruments Incorporated (TXN) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Texas Instruments (TXN) ended the recent trading session at $168.50, demonstrating a +0.65% swing from the preceding day's closing price. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.06% downward. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, this industry carries a Zacks Industry Rank of 184, placing it within the bottom 27% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report To read this article on Zacks.com click here. | Texas Instruments (TXN) ended the recent trading session at $168.50, demonstrating a +0.65% swing from the preceding day's closing price. At present, this industry carries a Zacks Industry Rank of 184, placing it within the bottom 27% of over 250 industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 2b5ca30b-0504-471c-9da6-1acc3a90f088 |
710636.0 | 2023-12-16 06:00:00 UTC | Palantir Technologies Inc. (PLTR) Beats Stock Market Upswing: What Investors Need to Know | DCOMP | https://www.nasdaq.com/articles/palantir-technologies-inc.-pltr-beats-stock-market-upswing%3A-what-investors-need-to-know | nan | nan | Palantir Technologies Inc. (PLTR) ended the recent trading session at $17.95, demonstrating a +0.62% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
The company's shares have seen a decrease of 16.4% over the last month, not keeping up with the Business Services sector's gain of 7.2% and the S&P 500's gain of 5.16%.
Market participants will be closely following the financial results of Palantir Technologies Inc. in its upcoming release. The company is predicted to post an EPS of $0.08, indicating a 100% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $603.48 million, indicating a 18.65% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.25 per share and a revenue of $2.22 billion, indicating changes of +316.67% and +16.5%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Palantir Technologies Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Palantir Technologies Inc. boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Palantir Technologies Inc. is presently trading at a Forward P/E ratio of 72.08. This expresses a premium compared to the average Forward P/E of 26.08 of its industry.
We can also see that PLTR currently has a PEG ratio of 1.21. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Technology Services stocks are, on average, holding a PEG ratio of 1.51 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Palantir Technologies Inc. (PLTR) ended the recent trading session at $17.95, demonstrating a +0.62% swing from the preceding day's closing price. Alongside, our most recent consensus estimate is anticipating revenue of $603.48 million, indicating a 18.65% upward movement from the same quarter last year. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.25 per share and a revenue of $2.22 billion, indicating changes of +316.67% and +16.5%, respectively, from the former year. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Click to get this free report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report To read this article on Zacks.com click here. | Technology Services stocks are, on average, holding a PEG ratio of 1.51 based on yesterday's closing prices. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. | Palantir Technologies Inc. (PLTR) ended the recent trading session at $17.95, demonstrating a +0.62% swing from the preceding day's closing price. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 5140d307-9bac-49aa-9fc3-3db241937c17 |
710637.0 | 2023-12-16 06:00:00 UTC | Delta Air Lines (DAL) Stock Declines While Market Improves: Some Information for Investors | DCOMP | https://www.nasdaq.com/articles/delta-air-lines-dal-stock-declines-while-market-improves%3A-some-information-for-investors | nan | nan | The latest trading session saw Delta Air Lines (DAL) ending at $41.15, denoting a -0.07% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.59%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.66%.
Heading into today, shares of the airline had gained 12.82% over the past month, outpacing the Transportation sector's gain of 8.79% and the S&P 500's gain of 5.16% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Delta Air Lines in its upcoming earnings disclosure. In that report, analysts expect Delta Air Lines to post earnings of $1.16 per share. This would mark a year-over-year decline of 21.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.89 billion, up 3.36% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.11 per share and revenue of $55.64 billion. These totals would mark changes of +90.94% and +10%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Delta Air Lines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.17% higher within the past month. Currently, Delta Air Lines is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Delta Air Lines is presently trading at a Forward P/E ratio of 6.74. This denotes a discount relative to the industry's average Forward P/E of 7.58.
We can additionally observe that DAL currently boasts a PEG ratio of 0.21. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Transportation - Airline industry held an average PEG ratio of 0.31.
The Transportation - Airline industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The latest trading session saw Delta Air Lines (DAL) ending at $41.15, denoting a -0.07% adjustment from its last day's close. Analysts and investors alike will be keeping a close eye on the performance of Delta Air Lines in its upcoming earnings disclosure. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.11 per share and revenue of $55.64 billion. | The latest trading session saw Delta Air Lines (DAL) ending at $41.15, denoting a -0.07% adjustment from its last day's close. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.11 per share and revenue of $55.64 billion. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | The latest trading session saw Delta Air Lines (DAL) ending at $41.15, denoting a -0.07% adjustment from its last day's close. This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 25% echelons of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 6f4b4620-3767-4969-bbb5-5e8c7cbcc2ca |
710638.0 | 2023-12-16 06:00:00 UTC | ASML (ASML) Advances But Underperforms Market: Key Facts | DCOMP | https://www.nasdaq.com/articles/asml-asml-advances-but-underperforms-market%3A-key-facts | nan | nan | The latest trading session saw ASML (ASML) ending at $744.72, denoting a +0.36% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.59%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.66%.
Heading into today, shares of the equipment supplier to semiconductor makers had gained 6.88% over the past month, outpacing the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.16% in that time.
Market participants will be closely following the financial results of ASML in its upcoming release. On that day, ASML is projected to report earnings of $5.08 per share, which would represent year-over-year growth of 8.09%. Alongside, our most recent consensus estimate is anticipating revenue of $7.34 billion, indicating a 11.76% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $20.69 per share and revenue of $28.82 billion. These totals would mark changes of +38.95% and +24.91%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for ASML. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.36% increase. ASML currently has a Zacks Rank of #2 (Buy).
In terms of valuation, ASML is currently trading at a Forward P/E ratio of 35.86. This represents a premium compared to its industry's average Forward P/E of 25.4.
Investors should also note that ASML has a PEG ratio of 1.43 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 3.76 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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ASML Holding N.V. (ASML) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Alongside, our most recent consensus estimate is anticipating revenue of $7.34 billion, indicating a 11.76% upward movement from the same quarter last year. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor Equipment - Wafer Fabrication industry currently had an average PEG ratio of 3.76 as of yesterday's close. Click to get this free report ASML Holding N.V. (ASML) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report ASML Holding N.V. (ASML) : Free Stock Analysis Report To read this article on Zacks.com click here. | The latest trading session saw ASML (ASML) ending at $744.72, denoting a +0.36% adjustment from its last day's close. With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 40722113-875f-4277-8605-003612bc1ca5 |
710639.0 | 2023-12-16 06:00:00 UTC | Unum (UNM) Outpaces Stock Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/unum-unm-outpaces-stock-market-gains%3A-what-you-should-know-3 | nan | nan | Unum (UNM) ended the recent trading session at $44.76, demonstrating a +1.18% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.59% gain on the day. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.66%.
Prior to today's trading, shares of the insurance company had gained 4.56% over the past month. This has lagged the Finance sector's gain of 7.84% and the S&P 500's gain of 5.16% in that time.
The upcoming earnings release of Unum will be of great interest to investors. In that report, analysts expect Unum to post earnings of $1.87 per share. This would mark year-over-year growth of 30.77%. At the same time, our most recent consensus estimate is projecting a revenue of $3.13 billion, reflecting a 4.38% rise from the equivalent quarter last year.
UNM's full-year Zacks Consensus Estimates are calling for earnings of $7.73 per share and revenue of $12.4 billion. These results would represent year-over-year changes of +24.48% and +3.27%, respectively.
Any recent changes to analyst estimates for Unum should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. At present, Unum boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Unum is currently trading at a Forward P/E ratio of 5.72. This represents a discount compared to its industry's average Forward P/E of 12.07.
We can additionally observe that UNM currently boasts a PEG ratio of 0.83. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Insurance - Accident and Health stocks are, on average, holding a PEG ratio of 1.41 based on yesterday's closing prices.
The Insurance - Accident and Health industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Unum Group (UNM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Unum (UNM) ended the recent trading session at $44.76, demonstrating a +1.18% swing from the preceding day's closing price. At the same time, our most recent consensus estimate is projecting a revenue of $3.13 billion, reflecting a 4.38% rise from the equivalent quarter last year. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. | Insurance - Accident and Health stocks are, on average, holding a PEG ratio of 1.41 based on yesterday's closing prices. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Unum Group (UNM) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% of over 250 industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Unum Group (UNM) : Free Stock Analysis Report To read this article on Zacks.com click here. | In that report, analysts expect Unum to post earnings of $1.87 per share. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% of over 250 industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | dec76263-fe78-43f8-8899-55528d9863a9 |
710640.0 | 2023-12-16 06:00:00 UTC | Here are the Best-Performing Stocks of 2023 | DCOMP | https://www.nasdaq.com/articles/here-are-the-best-performing-stocks-of-2023 | nan | nan | Sometimes, it makes sense to bottom-fish for value stocks. Yet, looking ahead to the new year, investors might consider 2023's best-performing stocks. After all, whether it's irrational or not, big companies can get even bigger, and momentum stocks could continue to be huge winners in 2024.
There's nothing wrong with small caps and over-the-counter (OTC) stocks, but I chose to apply a "go big or go home" standard to this top-performing stocks list. Consequently, I stuck to companies in the S&P 500 Index (SPX). As it turns out, the best performers of the year happen to be large- and mega-cap technology stocks.
They're not all "Magnificent Seven" stocks, though, so be ready for some famous names but also some surprises. With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD).
Nvidia (NASDAQ:NVDA)
If any theme dominated 2023, it was artificial intelligence (AI). Investors quickly figured out that there was a picks-and-shovels trade with Nvidia stock since generative AI applications are power-intensive, and Nvidia manufactures powerful AI processors that a wide range of technology companies can use.
As we'll discuss in a moment, analysts are mostly bullish on Nvidia for the next 12 months. That's understandable since Nvidia has been beating Wall Street's quarterly consensus EPS estimates all year long.
Can NVDA stock possibly move higher after this year's 250% rally? Bank of America (NYSE:BAC) analysts seem to think so, as they assigned a Buy rating and a $700 price target to Nvidia shares. They feel that it’s “early to predict a peak” in generative AI investments, so perhaps Nvidia can continue to grow along with this headline-grabbing technology market segment.
What is the Price Target for NVDA Stock?
On TipRanks, NVDA stock comes in as a Strong Buy based on 31 Buys and three Hold ratings in the past three months. The average Nvidia stock price target is $661.35, implying 33.3% upside potential.
Meta Platforms (NASDAQ:META)
A few years ago, Meta Platforms CEO Mark Zuckerberg went all in on the Metaverse and virtual reality (VR). Now, however, Meta Platforms is dealing with a decline in the VR market as well as pushback from some lawmakers.
Nevertheless, Meta Platforms is thriving in 2023 because the company is a social media juggernaut. Along with the ever-popular Instagram, Facebook, and WhatsApp, Meta Platforms has the relatively new Threads micro-posting app, which is now expanding to European countries.
Besides, META stock's 181% year-to-date gain is nothing to sneeze at. If Meta Platforms can continue its streak of quarterly EPS estimate beats into the new year, investors might count on Meta Platforms to keep on delivering superior results and share-price gains.
What is the Price Target for META Stock?
META is a Strong Buy, according to analysts, based on 36 Buys and one Hold rating in the past three months. The average Meta Platforms price target is $387.35, implying 10.6% upside potential.
Palo Alto Networks (NASDAQ:PANW)
The first two picks on this list were "Magnificent Seven" stocks, but the next two aren't. Indeed, this next huge 2023 gainer will probably surprise you: Palo Alto Networks stock. The cybersecurity software specialist is a favorite among analysts and has an absolutely stellar earnings-beat track record.
An IBM (NYSE:IBM) report estimated that the “global average cost of a data breach in 2023 was $4.45 million.” That's a compelling reason for businesses to turn to Palo Alto Networks for cybersecurity software and services in 2024. With this in mind, analyst firms like Susquehanna and Mizuho are bullish on the cybersecurity market and on Palo Alto Networks as a major player in that field.
Thus, Susquehanna initiated its coverage of Palo Alto Networks stock with a Positive (Buy-equivalent) rating and a price target of $400, while Mizuho reiterated its Buy rating and hiked its price target on the shares from $280 to $325. It seems entirely possible, then, that PANW stock can maintain its upward trajectory next year, even after rallying 123% in 2023 so far.
What is the Price Target for PANW Stock?
According to TipRanks’ analyst rating consensus, PANW is a Strong Buy, based on 29 Buys and five Hold ratings in the past three months. Still, the average Palo Alto Networks price target is $300.94, implying 2.5% downside potential.
Advanced Micro Devices (NASDAQ:AMD)
Here's another large-cap technology business that's not in the "Magnificent Seven" club but still deserves special attention. Advanced Micro Devices was actually the darling of the chipmaker market earlier this year before artificial intelligence and Nvidia captured Wall Street's attention.
Yet, Advanced Micro Devices doesn't intend to let Nvidia dominate the market without any competition. Advanced Micro Devices' new lineup of MI300 microchip models is designed to take aim at Nvidia's best AI-compatible processors in the coming year.
Like the other companies on this list, Advanced Micro Devices recently surpassed Wall Street's quarterly EPS estimates several times in a row. So, will AMD stock shoot for the moon even after running 119% higher year-to-date in 2023? There are no guarantees, but Advanced Micro Devices' relentless focus on AI processors should inspire confidence in this chipmaking contender.
What is the Price Target for AMD Stock?
On TipRanks, AMD stock comes in as a Strong Buy based on 26 Buys and eight Hold ratings in the past three months. Nonetheless, the average Advanced Micro Devices price target is $132.41, implying 5.5% downside potential.
The Takeaway
Now, you have an overview of a few of the top-performing stocks of 2023. Even staunch contrarians must admit that Nvidia, Meta Platforms, Palo Alto Networks, and Advanced Micro Devices have kept the bears and short sellers at bay in 2023.
If the "bigger-is-better" principle continues to hold true in 2024, there's room for these companies to expand their horizons and generate robust revenue. Therefore, enterprising investors might want to give some or all of these tech-focused 2023 winners a try in the coming year.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With this in mind, analyst firms like Susquehanna and Mizuho are bullish on the cybersecurity market and on Palo Alto Networks as a major player in that field. Advanced Micro Devices was actually the darling of the chipmaker market earlier this year before artificial intelligence and Nvidia captured Wall Street's attention. Even staunch contrarians must admit that Nvidia, Meta Platforms, Palo Alto Networks, and Advanced Micro Devices have kept the bears and short sellers at bay in 2023. | With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD). Still, the average Palo Alto Networks price target is $300.94, implying 2.5% downside potential. Nonetheless, the average Advanced Micro Devices price target is $132.41, implying 5.5% downside potential. | With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD). Meta Platforms (NASDAQ:META) A few years ago, Meta Platforms CEO Mark Zuckerberg went all in on the Metaverse and virtual reality (VR). Thus, Susquehanna initiated its coverage of Palo Alto Networks stock with a Positive (Buy-equivalent) rating and a price target of $400, while Mizuho reiterated its Buy rating and hiked its price target on the shares from $280 to $325. | With the "bigger is better" principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD). If Meta Platforms can continue its streak of quarterly EPS estimate beats into the new year, investors might count on Meta Platforms to keep on delivering superior results and share-price gains. What is the Price Target for META Stock? | f09ed5bf-8c5f-42f9-97cb-37e84e1a540c |
710641.0 | 2023-12-16 06:00:00 UTC | Worthington Industries (WOR) Lags Q2 Earnings Estimates | DCOMP | https://www.nasdaq.com/articles/worthington-industries-wor-lags-q2-earnings-estimates | nan | nan | Worthington Industries (WOR) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.70%. A quarter ago, it was expected that this metal manufacturer would post earnings of $1.99 per share when it actually produced earnings of $2.06, delivering a surprise of 3.52%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Worthington, which belongs to the Zacks Diversified Operations industry, posted revenues of $1.09 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 5.02%. This compares to year-ago revenues of $1.18 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Worthington shares have added about 13.8% since the beginning of the year versus the S&P 500's gain of 23.5%.
What's Next for Worthington?
While Worthington has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Worthington: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.24 on $1.46 billion in revenues for the coming quarter and $5.60 on $4.9 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Diversified Operations is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Live Ventures Incorporated (LIVE), has yet to report results for the quarter ended September 2023. The results are expected to be released on December 20.
This company is expected to post quarterly earnings of $1.43 per share in its upcoming report, which represents a year-over-year change of +3.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Live Ventures Incorporated's revenues are expected to be $102 million, up 38.3% from the year-ago quarter.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Worthington Enterprises, Inc. (WOR) : Free Stock Analysis Report
Live Ventures Incorporated (LIVE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | Worthington, which belongs to the Zacks Diversified Operations industry, posted revenues of $1.09 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 5.02%. The current consensus EPS estimate is $1.24 on $1.46 billion in revenues for the coming quarter and $5.60 on $4.9 billion in revenues for the current fiscal year. Click to get this free report Worthington Enterprises, Inc. (WOR) : Free Stock Analysis Report Live Ventures Incorporated (LIVE) : Free Stock Analysis Report To read this article on Zacks.com click here. | Worthington Industries (WOR) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.81 per share. Worthington, which belongs to the Zacks Diversified Operations industry, posted revenues of $1.09 billion for the quarter ended November 2023, surpassing the Zacks Consensus Estimate by 5.02%. Click to get this free report Worthington Enterprises, Inc. (WOR) : Free Stock Analysis Report Live Ventures Incorporated (LIVE) : Free Stock Analysis Report To read this article on Zacks.com click here. | Worthington Industries (WOR) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.81 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 7e77f18b-1707-4592-822d-710dd8b21537 |
710642.0 | 2023-12-16 06:00:00 UTC | Avis Budget Group (CAR) Rises But Trails Market: What Investors Should Know | DCOMP | https://www.nasdaq.com/articles/avis-budget-group-car-rises-but-trails-market%3A-what-investors-should-know-0 | nan | nan | Avis Budget Group (CAR) ended the recent trading session at $188.73, demonstrating a +0.05% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
Heading into today, shares of the car rental company had lost 0.23% over the past month, lagging the Transportation sector's gain of 8.79% and the S&P 500's gain of 5.16% in that time.
The investment community will be closely monitoring the performance of Avis Budget Group in its forthcoming earnings report. The company's upcoming EPS is projected at $4.38, signifying a 58.13% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.8 billion, indicating a 0.99% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $40.18 per share and revenue of $12.04 billion, indicating changes of -30.78% and +0.39%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Avis Budget Group should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Avis Budget Group possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Avis Budget Group has a Forward P/E ratio of 4.69 right now. This indicates a discount in contrast to its industry's Forward P/E of 15.36.
The Transportation - Services industry is part of the Transportation sector. With its current Zacks Industry Rank of 203, this industry ranks in the bottom 20% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CAR in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Avis Budget Group (CAR) ended the recent trading session at $188.73, demonstrating a +0.05% swing from the preceding day's closing price. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Avis Budget Group (CAR) ended the recent trading session at $188.73, demonstrating a +0.05% swing from the preceding day's closing price. Meanwhile, the latest consensus estimate predicts the revenue to be $2.8 billion, indicating a 0.99% increase compared to the same quarter of the previous year. Click to get this free report Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 203, this industry ranks in the bottom 20% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report To read this article on Zacks.com click here. | Avis Budget Group (CAR) ended the recent trading session at $188.73, demonstrating a +0.05% swing from the preceding day's closing price. With its current Zacks Industry Rank of 203, this industry ranks in the bottom 20% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | fae4afa9-762f-4df7-bf13-c99888177be9 |
710643.0 | 2023-12-16 06:00:00 UTC | Boeing (BA) Rises Higher Than Market: Key Facts | DCOMP | https://www.nasdaq.com/articles/boeing-ba-rises-higher-than-market%3A-key-facts | nan | nan | Boeing (BA) ended the recent trading session at $263.51, demonstrating a +1.19% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
Coming into today, shares of the airplane builder had gained 19.61% in the past month. In that same time, the Aerospace sector gained 6.68%, while the S&P 500 gained 5.16%.
The upcoming earnings release of Boeing will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.80, marking a 54.29% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $21.08 billion, showing a 5.5% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$5.98 per share and a revenue of $76.86 billion, demonstrating changes of +45.93% and +15.4%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Boeing. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 1.26% lower. Right now, Boeing possesses a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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The Boeing Company (BA) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Boeing (BA) ended the recent trading session at $263.51, demonstrating a +1.19% swing from the preceding day's closing price. Simultaneously, our latest consensus estimate expects the revenue to be $21.08 billion, showing a 5.5% escalation compared to the year-ago quarter. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. | For the full year, the Zacks Consensus Estimates project earnings of -$5.98 per share and a revenue of $76.86 billion, demonstrating changes of +45.93% and +15.4%, respectively, from the preceding year. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | In that same time, the Aerospace sector gained 6.68%, while the S&P 500 gained 5.16%. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | df10e88a-ea26-4ec2-a634-ec9377fdd3d4 |
710644.0 | 2023-12-16 06:00:00 UTC | Procter & Gamble (PG) Flat As Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/procter-gamble-pg-flat-as-market-gains%3A-what-you-should-know | nan | nan | In the latest market close, Procter & Gamble (PG) reached $146.17, with no movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.66%.
Prior to today's trading, shares of the world's largest consumer products maker had lost 2.73% over the past month. This has lagged the Consumer Staples sector's gain of 1.96% and the S&P 500's gain of 5.16% in that time.
Investors will be eagerly watching for the performance of Procter & Gamble in its upcoming earnings disclosure. The company is expected to report EPS of $1.71, up 7.55% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $21.73 billion, up 4.63% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.42 per share and revenue of $85.17 billion, which would represent changes of +8.81% and +3.85%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Procter & Gamble. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Procter & Gamble boasts a Zacks Rank of #2 (Buy).
Digging into valuation, Procter & Gamble currently has a Forward P/E ratio of 22.75. Its industry sports an average Forward P/E of 22.75, so one might conclude that Procter & Gamble is trading at no noticeable deviation comparatively.
Meanwhile, PG's PEG ratio is currently 3.03. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Soap and Cleaning Materials industry currently had an average PEG ratio of 3.16 as of yesterday's close.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 25% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Prior to today's trading, shares of the world's largest consumer products maker had lost 2.73% over the past month. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. | For the full year, the Zacks Consensus Estimates are projecting earnings of $6.42 per share and revenue of $85.17 billion, which would represent changes of +8.81% and +3.85%, respectively, from the prior year. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 25% echelons of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Click to get this free report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, Procter & Gamble boasts a Zacks Rank of #2 (Buy). This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 25% echelons of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | ee945c6e-1a21-4154-adbe-d2d393d37512 |
710645.0 | 2023-12-16 06:00:00 UTC | Halliburton (HAL) Laps the Stock Market: Here's Why | DCOMP | https://www.nasdaq.com/articles/halliburton-hal-laps-the-stock-market%3A-heres-why | nan | nan | Halliburton (HAL) closed at $36.82 in the latest trading session, marking a +1.68% move from the prior day. This move outpaced the S&P 500's daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.66%.
Coming into today, shares of the provider of drilling services to oil and gas operators had lost 5.21% in the past month. In that same time, the Oils-Energy sector lost 0.43%, while the S&P 500 gained 5.16%.
Market participants will be closely following the financial results of Halliburton in its upcoming release. The company plans to announce its earnings on January 23, 2024. The company is predicted to post an EPS of $0.80, indicating a 11.11% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.79 billion, up 3.7% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.07 per share and a revenue of $23.1 billion, signifying shifts of +42.79% and +13.79%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Halliburton. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Halliburton possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Halliburton is currently trading at a Forward P/E ratio of 11.79. This indicates a discount in contrast to its industry's Forward P/E of 17.42.
It is also worth noting that HAL currently has a PEG ratio of 0.55. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. HAL's industry had an average PEG ratio of 0.71 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 19% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Halliburton Company (HAL) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Coming into today, shares of the provider of drilling services to oil and gas operators had lost 5.21% in the past month. For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.07 per share and a revenue of $23.1 billion, signifying shifts of +42.79% and +13.79%, respectively, from the last year. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. | Over the past month, the Zacks Consensus EPS estimate remained stagnant. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 19% echelons of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | Halliburton (HAL) closed at $36.82 in the latest trading session, marking a +1.68% move from the prior day. This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 19% echelons of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 473e17c2-9c34-4817-a27f-914dcbf8b599 |
710646.0 | 2023-12-16 06:00:00 UTC | ON Semiconductor Corp. (ON) Beats Stock Market Upswing: What Investors Need to Know | DCOMP | https://www.nasdaq.com/articles/on-semiconductor-corp.-on-beats-stock-market-upswing%3A-what-investors-need-to-know | nan | nan | ON Semiconductor Corp. (ON) closed the most recent trading day at $84.74, moving +1.17% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.59%. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.66%.
Prior to today's trading, shares of the semiconductor components maker had gained 18.51% over the past month. This has outpaced the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.16% in that time.
Investors will be eagerly watching for the performance of ON Semiconductor Corp. in its upcoming earnings disclosure. On that day, ON Semiconductor Corp. is projected to report earnings of $1.21 per share, which would represent a year-over-year decline of 8.33%. Alongside, our most recent consensus estimate is anticipating revenue of $2 billion, indicating a 4.82% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.13 per share and a revenue of $8.24 billion, indicating changes of -3.75% and -0.99%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ON Semiconductor Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ON Semiconductor Corp. currently has a Zacks Rank of #4 (Sell).
In the context of valuation, ON Semiconductor Corp. is at present trading with a Forward P/E ratio of 16.33. This expresses a discount compared to the average Forward P/E of 27.91 of its industry.
Investors should also note that ON has a PEG ratio of 4.05 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Semiconductor - Analog and Mixed industry stood at 3.89 at the close of the market yesterday.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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ON Semiconductor Corporation (ON) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Alongside, our most recent consensus estimate is anticipating revenue of $2 billion, indicating a 4.82% downward movement from the same quarter last year. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Alongside, our most recent consensus estimate is anticipating revenue of $2 billion, indicating a 4.82% downward movement from the same quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.13 per share and a revenue of $8.24 billion, indicating changes of -3.75% and -0.99%, respectively, from the former year. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 19% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. | On that day, ON Semiconductor Corp. is projected to report earnings of $1.21 per share, which would represent a year-over-year decline of 8.33%. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 19% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | b1b5e76a-72fe-47eb-9797-f1979257ded5 |
710647.0 | 2023-12-16 06:00:00 UTC | Visa (V) Laps the Stock Market: Here's Why | DCOMP | https://www.nasdaq.com/articles/visa-v-laps-the-stock-market%3A-heres-why | nan | nan | The most recent trading session ended with Visa (V) standing at $259.99, reflecting a +0.63% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.66%.
The the stock of global payments processor has risen by 3.36% in the past month, lagging the Business Services sector's gain of 7.2% and the S&P 500's gain of 5.16%.
The investment community will be paying close attention to the earnings performance of Visa in its upcoming release. The company's upcoming EPS is projected at $2.33, signifying a 6.88% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $8.51 billion, up 7.21% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.90 per share and revenue of $35.74 billion. These totals would mark changes of +12.88% and +9.46%, respectively, from last year.
Any recent changes to analyst estimates for Visa should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.03% lower. Right now, Visa possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Visa is at present trading with a Forward P/E ratio of 26.11. This indicates a premium in contrast to its industry's Forward P/E of 14.77.
We can additionally observe that V currently boasts a PEG ratio of 1.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial Transaction Services was holding an average PEG ratio of 1.23 at yesterday's closing price.
The Financial Transaction Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 142, putting it in the bottom 44% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Visa Inc. (V) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.90 per share and revenue of $35.74 billion. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.90 per share and revenue of $35.74 billion. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial Transaction Services was holding an average PEG ratio of 1.23 at yesterday's closing price. | Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.90 per share and revenue of $35.74 billion. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | The company's upcoming EPS is projected at $2.33, signifying a 6.88% increase compared to the same quarter of the previous year. This group has a Zacks Industry Rank of 142, putting it in the bottom 44% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 4da65b50-d6b9-4d5a-a030-a2cd39dffd41 |
710648.0 | 2023-12-16 06:00:00 UTC | Top Industrial Products Stocks Reaching Higher Highs in December | DCOMP | https://www.nasdaq.com/articles/top-industrial-products-stocks-reaching-higher-highs-in-december | nan | nan | The industrial products sector is standing out amid the broader market rally as we start to round out a very successful year for stocks in 2023.
Discussing the highly ranked industrial products stocks on the Zacks Rank #1 (Strong Buy) list is a worthy topic and here are two that look poised to reach higher highs and should be meaningful investments heading into the new year.
Crane Company CR
Holding a spot on the Zacks Rank #1 (Strong Buy) list since late October, investors should certainly take notice of Crane Company’s stock. Crane’s stock has soared +24% since being added to the strong buy list and is now up +42% in 2023 after completing its separation from Crane Holdings and going public in early April.
As a diversified manufacturer of highly engineered products, Crane’s products and services are broken down into segments for Aerospace and Electronics (A&E), Process Flow Technologies (PFT), and Engineered Materials (EM).
Image Source: Zacks Investment Research
Crane is an intriguing long-term investment as many of its A&E components are essential to the commercial aerospace, military, and space markets’ equipment and aftermarket parts. Despite Crane’s impressive price performance and importance to aerospace markets, investors aren’t paying a high premium for CR shares at 26.8X forward earnings which is still near the Zacks Manufacturing-General Industrial Industry average of 22.7X.
Furthermore, earnings estimate revisions have remained higher over the last 60 days offering further support. Crane’s EPS is now forecasted at $4.18 per share this year and is expected to expand another 11% in fiscal 2024. This has been very compelling with Crane's stock hitting an all-time high of $114 a share today.
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Siemens SIEGY
Siemens stock was added to the strong buy list this week as there appears to be more upside ahead for the world’s largest supplier of solutions and services for industrial automation and building technology.
Siemens’ stock hit 52-week highs on Tuesday and has been a large participant in the recent stock market rally as earnings estimates have remained higher over the last 60 days and SIEGY shares still trade at a reasonable 16.7X forward earnings multiple despite soaring +43% year to date.
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More impressive, Siemens is competing against a record fiscal year that saw earnings at $5.29 a share but EPS is still projected to be up 1% in its current FY24 and expand another 13% in FY25 to $6.05 per share.
Fiscal 2025 EPS projections would also represent 61% growth over the last five years which is extremely impressive for a company that has been around for more than a century and continues to illustrate its dominance. It’s also noteworthy that the Average Zacks Price Target of $101.70 a share still suggests 14% upside for Siemens stock from current levels.
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Bottom Line
Amid what is so far turning out to be an exiciting end of the year rally for broader markets, these industrial products stocks are two partiipants to take notice of. To that point, Crane Company and Siemens’ have an extensive reach and are shaping up to be viable investments for 2023 and beyond.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Crane Company (CR) : Free Stock Analysis Report
Siemens AG (SIEGY) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The industrial products sector is standing out amid the broader market rally as we start to round out a very successful year for stocks in 2023. Fiscal 2025 EPS projections would also represent 61% growth over the last five years which is extremely impressive for a company that has been around for more than a century and continues to illustrate its dominance. Image Source: Zacks Investment Research Bottom Line Amid what is so far turning out to be an exiciting end of the year rally for broader markets, these industrial products stocks are two partiipants to take notice of. | Discussing the highly ranked industrial products stocks on the Zacks Rank #1 (Strong Buy) list is a worthy topic and here are two that look poised to reach higher highs and should be meaningful investments heading into the new year. Image Source: Zacks Investment Research Siemens SIEGY Siemens stock was added to the strong buy list this week as there appears to be more upside ahead for the world’s largest supplier of solutions and services for industrial automation and building technology. Click to get this free report Crane Company (CR) : Free Stock Analysis Report Siemens AG (SIEGY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Image Source: Zacks Investment Research Siemens SIEGY Siemens stock was added to the strong buy list this week as there appears to be more upside ahead for the world’s largest supplier of solutions and services for industrial automation and building technology. Siemens’ stock hit 52-week highs on Tuesday and has been a large participant in the recent stock market rally as earnings estimates have remained higher over the last 60 days and SIEGY shares still trade at a reasonable 16.7X forward earnings multiple despite soaring +43% year to date. Click to get this free report Crane Company (CR) : Free Stock Analysis Report Siemens AG (SIEGY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Crane Company CR Holding a spot on the Zacks Rank #1 (Strong Buy) list since late October, investors should certainly take notice of Crane Company’s stock. Image Source: Zacks Investment Research Siemens SIEGY Siemens stock was added to the strong buy list this week as there appears to be more upside ahead for the world’s largest supplier of solutions and services for industrial automation and building technology. Image Source: Zacks Investment Research More impressive, Siemens is competing against a record fiscal year that saw earnings at $5.29 a share but EPS is still projected to be up 1% in its current FY24 and expand another 13% in FY25 to $6.05 per share. | 2ced4c8e-5372-437d-b875-4f998166acbc |
710649.0 | 2023-12-16 06:00:00 UTC | Advanced Micro Devices (AMD) Beats Stock Market Upswing: What Investors Need to Know | DCOMP | https://www.nasdaq.com/articles/advanced-micro-devices-amd-beats-stock-market-upswing%3A-what-investors-need-to-know | nan | nan | Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
The chipmaker's shares have seen an increase of 14.29% over the last month, surpassing the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.16%.
Market participants will be closely following the financial results of Advanced Micro Devices in its upcoming release. The company is predicted to post an EPS of $0.77, indicating a 11.59% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $6.11 billion, indicating a 9.2% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.65 per share and a revenue of $22.63 billion, indicating changes of -24.29% and -4.13%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Advanced Micro Devices. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Advanced Micro Devices boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 52.44. This expresses a premium compared to the average Forward P/E of 28.03 of its industry.
We can also see that AMD currently has a PEG ratio of 4.08. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 4.09 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. Alongside, our most recent consensus estimate is anticipating revenue of $6.11 billion, indicating a 9.2% upward movement from the same quarter last year. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.65 per share and a revenue of $22.63 billion, indicating changes of -24.29% and -4.13%, respectively, from the former year. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. | This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report To read this article on Zacks.com click here. | Advanced Micro Devices (AMD) ended the recent trading session at $140.15, demonstrating a +0.9% swing from the preceding day's closing price. This industry currently has a Zacks Industry Rank of 191, which puts it in the bottom 25% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 0ef2c60e-367d-448d-a9b8-225eaede2674 |
710650.0 | 2023-12-16 06:00:00 UTC | Why Honda Motor (HMC) Outpaced the Stock Market Today | DCOMP | https://www.nasdaq.com/articles/why-honda-motor-hmc-outpaced-the-stock-market-today | nan | nan | In the latest market close, Honda Motor (HMC) reached $30.19, with a +1.27% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.59%. On the other hand, the Dow registered a gain of 0.68%, and the technology-centric Nasdaq increased by 0.66%.
Shares of the automaker witnessed a loss of 5.6% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 3.54% and the S&P 500's gain of 5.16%.
The investment community will be closely monitoring the performance of Honda Motor in its forthcoming earnings report. In that report, analysts expect Honda Motor to post earnings of $0.78 per share. This would mark a year-over-year decline of 23.53%. Our most recent consensus estimate is calling for quarterly revenue of $37.68 billion, up 19.76% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4 per share and revenue of $143.49 billion, which would represent changes of +32.01% and +14.79%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Honda Motor. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.32% decrease. Honda Motor is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Honda Motor has a Forward P/E ratio of 7.46 right now. Its industry sports an average Forward P/E of 6.57, so one might conclude that Honda Motor is trading at a premium comparatively.
Meanwhile, HMC's PEG ratio is currently 0.35. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.37 based on yesterday's closing prices.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report To read this article on Zacks.com click here. | With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report To read this article on Zacks.com click here. | In that report, analysts expect Honda Motor to post earnings of $0.78 per share. With its current Zacks Industry Rank of 39, this industry ranks in the top 16% of all industries, numbering over 250. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 3c3ead18-422b-47c0-9419-727c89f33231 |
710651.0 | 2023-12-16 06:00:00 UTC | Should You Buy the Dip in Nio Stock for 2024? | DCOMP | https://www.nasdaq.com/articles/should-you-buy-the-dip-in-nio-stock-for-2024 | nan | nan | Fool.com contributor Parkev Tatevosian reviews Nio's (NYSE: NIO) progress in 2023 while answering if the electric vehicle stock is an excellent buy for long-term investors in 2024.
*Stock prices used were the afternoon prices of Dec. 17, 2023. The video was published on Dec. 19, 2023.
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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. The Motley Fool has a disclosure policy.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The 10 stocks that made the cut could produce monster returns in the coming years. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. | Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. | Fool.com contributor Parkev Tatevosian reviews Nio's (NYSE: NIO) progress in 2023 while answering if the electric vehicle stock is an excellent buy for long-term investors in 2024. Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. | Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. | 9dde1f5c-d4b4-4818-a8b5-a373b74d5451 |
710652.0 | 2023-12-16 06:00:00 UTC | Britain proposes post-Brexit easing of company listings rules | DCOMP | https://www.nasdaq.com/articles/britain-proposes-post-brexit-easing-of-company-listings-rules | nan | nan | By Huw Jones
LONDON, Dec 19 (Reuters) - Britain's markets watchdog has proposed a single entry point to simplify and speed up company listings in the biggest shake up of its kind in three decades to help London compete better with New York as well as European Union centres in the wake of Brexit.
Britain accounted for only 5% of IPOs globally between 2015 and 2020, with the number of listings down by about 40% from a peak in 2008. The government failed to persuade UK chip designer Arm to list in London rather than New York.
As expected, the Financial Conduct Authority (FCA) said it proposes merging the "premium" listing on the London Stock Exchange - which has tougher rules - with the less onerous standard listing to meet one set of criteria under the banner of a "commercial" company listing.
It largely mirrors a discussion paper from last year that triggered some concern about a return to light-touch regulation.
"We are working to strengthen the attractiveness of UK capital markets and supporting UK competitiveness and growth," Sarah Pritchard, FCA executive director for markets and international, said in a statement.
It was important that others consider what they in turn can do to make sure the UK remains an attractive place for companies to raise capital given listing rules were not the primary reason for choosing a location, the FCA said.
It has proposed relying more on disclosures by companies, rather than specific rules, thereby transferring more of the risk from an IPO to investors.
Companies would disclose any proposed significant corporate transaction, rather than the current mandatory vote of shareholders, which can be time-consuming in a fast-moving competitive bid.
However, shareholder approval of a reverse takeover or a de-listing would remain, and there would need to be written relationship agreements with controlling shareholders.
MORE FAILURES POSSIBLE
Britain is keen to shake up listings and other financial rules to boost growth at a time when private money is needed to help the country invest to meet net-zero targets.
"The UK is Europe's leading hub for investment but it's a competitive world and we are by no means complacent," Britain's financial services minister Bim Afolami said.
The EU is already approving a law to help attract more listings on the bloc's stock markets.
The FCA has cautioned that easing rules must be accompanied by a change in investor understanding and attitude towards risk.
"The proposals could entail an increased possibility of failures, but the changes set out would better reflect the risk appetite the economy needs to achieve growth," the FCA said.
UK Finance, a banking industry body, said the proposals strike the right balance between managing risk and encouraging growth that will help significantly in attracting more listings.
The 400-pages of detailed proposals are being put out to public consultation until March, with final rules coming into effect in the second half of 2024.
The FCA also confirmed new rules for a bond market "consolidated tape" or real-time feed of transaction prices to help investors spot the best deals.
"The proposals will help investors hold their brokers accountable which will improve the competition for their services and enable market participants to manage risk and maintain market stability," the FCA said, adding it would outline its next steps for a stock price tape next year.
The EU has approved a law to regulate stock, bond and derivatives tapes.
(Reporting by Huw Jones; Editing by Hugh Lawson)
((huw.jones@thomsonreuters.com; +44 207 542 3326; Reuters Messaging: huw.jones.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | It was important that others consider what they in turn can do to make sure the UK remains an attractive place for companies to raise capital given listing rules were not the primary reason for choosing a location, the FCA said. Britain is keen to shake up listings and other financial rules to boost growth at a time when private money is needed to help the country invest to meet net-zero targets. "The UK is Europe's leading hub for investment but it's a competitive world and we are by no means complacent," Britain's financial services minister Bim Afolami said. | By Huw Jones LONDON, Dec 19 (Reuters) - Britain's markets watchdog has proposed a single entry point to simplify and speed up company listings in the biggest shake up of its kind in three decades to help London compete better with New York as well as European Union centres in the wake of Brexit. "We are working to strengthen the attractiveness of UK capital markets and supporting UK competitiveness and growth," Sarah Pritchard, FCA executive director for markets and international, said in a statement. The EU has approved a law to regulate stock, bond and derivatives tapes. | By Huw Jones LONDON, Dec 19 (Reuters) - Britain's markets watchdog has proposed a single entry point to simplify and speed up company listings in the biggest shake up of its kind in three decades to help London compete better with New York as well as European Union centres in the wake of Brexit. As expected, the Financial Conduct Authority (FCA) said it proposes merging the "premium" listing on the London Stock Exchange - which has tougher rules - with the less onerous standard listing to meet one set of criteria under the banner of a "commercial" company listing. "The proposals will help investors hold their brokers accountable which will improve the competition for their services and enable market participants to manage risk and maintain market stability," the FCA said, adding it would outline its next steps for a stock price tape next year. | "We are working to strengthen the attractiveness of UK capital markets and supporting UK competitiveness and growth," Sarah Pritchard, FCA executive director for markets and international, said in a statement. It has proposed relying more on disclosures by companies, rather than specific rules, thereby transferring more of the risk from an IPO to investors. Britain is keen to shake up listings and other financial rules to boost growth at a time when private money is needed to help the country invest to meet net-zero targets. | 2c3dfb47-0b18-4fa5-bf4c-0472bb36dd68 |
710653.0 | 2023-12-16 06:00:00 UTC | PayPal: A potential bullseye in a shifting market? | DCOMP | https://www.nasdaq.com/articles/paypal%3A-a-potential-bullseye-in-a-shifting-market | nan | nan | PayPal (NASDAQ: PYPL), the online payment processor, has found itself in a curious position lately. While peers in the tech sector soared like skyrockets on the wings of e-commerce growth, PayPal remained grounded, trailing the pack by a significant margin. Yet, whispers of a potential breakout are starting to circulate, fueled by a recent change in the economic climate and a chorus of bullish analyst pronouncements. So, is PayPal poised to shed its underperforming skin and become a market darling once again?
Can PayPal navigate the tech rally?
The recent shift by the Federal Reserve has altered the financial market landscape. Rising interest rates, once a major concern for technology stocks, have been replaced by the possibility of rate cuts. This change creates a potentially favorable environment for the tech sector. While the broader market, as represented by the S&P 500, may see steady growth, the tech sector, as represented by the Technology Select Sector SPDR Fund (XLK), has the potential to surge ahead.
However, within this potentially favorable tech tide, PayPal remains an anomaly. Despite its robust fundamentals and dominance in online transactions, its share price has stubbornly resisted the rising tide of the sector, trailing the XLK by a noteworthy 31.7% year-to-date. This divergence begs the question: why is PayPal struggling to keep pace with its nimble tech peers?
The answer lies partly in PayPal's distinct exposure within the tech sector. While cloud computing and software-as-a-service companies thrived on the increased digital adoption during the pandemic, PayPal faced headwinds from inflationary pressures and economic uncertainty. Consumer spending, the lifeblood of many online businesses, contracted, impacting PayPal's transaction volume and revenue growth.
However, the Fed's pivot could catalyze PayPal, acting as a tide turning in favor. As interest rates potentially decrease, businesses may loosen their spending constraints, leading to a potential resurgence in online activity and a subsequent boost for PayPal's transaction engine.
Beyond transactions: Unleashing PayPal's value
Although most investors think of PayPal for its well-known online payment processing, its true value lies beneath the surface. PayPal empowers businesses, especially small and medium-sized enterprises (SMBs), to navigate the ever-changing digital commerce landscape. PayPal’s focus on SMBs gives it a unique advantage in capitalizing on the potential tailwinds of a more relaxed Federal Reserve.
Through its diverse solutions, including digital wallets, branded checkout buttons, and data-driven marketing tools, PayPal helps SMBs reach new customers, streamline checkouts, and gain valuable insights into consumer behavior. These services become even more attractive in a climate where advertising budgets can potentially stretch further. As Morgan Stanley (NYSE: MS) analysts aptly noted, this potential for increased digital ad spending could propel PayPal's share price towards their optimistic target of $118, representing a substantial climb from current levels.
Furthermore, PayPal's ability to seamlessly integrate with existing online platforms and marketplaces gives it a distinct edge. SMBs don't need to overhaul their entire infrastructure to tap into PayPal's vast network of consumers. This ease of use and accessibility further strengthens PayPal's value proposition in a potentially resource-constrained environment.
Undervalued fem or overlooked goliath?
While PayPal remains a titan in the online payments sector, its valuation compared to peers raises intriguing questions. Is it a diamond in the rough, ripe for appreciation, or an overvalued giant facing headwinds?
Let's consider the price-to-earnings (P/E) ratio, a key metric for gauging a stock's relative value. Compared to the industry average of roughly 40.3x, PayPal currently sits at a 16.69x multiple. This translates to a 69.4% discount, suggesting that investors are attributing significantly lower future earnings potential to PayPal than its peers.
But is this pessimism warranted? A closer look at PayPal’s historical performance and growth projections paints a different picture. Despite economic challenges, PayPal has consistently delivered strong annual revenue growth throughout the past decade. Analysts anticipate this trend to continue, with estimates suggesting 10% annual revenue growth over the next ten years. Such projections would seem to contradict the prevailing market sentiment reflected in PayPal's valuation.
Further adding to the intrigue is PayPal’s insider buying activity. With management investing over $1.4 billion in open market repurchases, a clear signal of confidence in the company's future trajectory emerges. This insider vote can bolster investor sentiment and potentially trigger a revaluation of PayPal's price tag.
However, it's crucial to acknowledge the competitive landscape. Players like Block (NYSE: SQ) boast a higher P/E ratio closer to the industry average. While such comparisons can be tricky, they raise questions about whether PayPal's lower valuation reflects inherent weaknesses or simply a different risk-reward profile.
PayPal's potential resurgence in the shifting market is contingent on a favorable economic climate and its diverse services for small- to medium-sized businesses (SMBs). Despite a lower valuation than its peers, the company's consistent growth and insider confidence suggest promise. However, comparisons to competitors raise concerns about its valuation and risk profile, advising prospective investors to proceed cautiously.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Despite its robust fundamentals and dominance in online transactions, its share price has stubbornly resisted the rising tide of the sector, trailing the XLK by a noteworthy 31.7% year-to-date. While cloud computing and software-as-a-service companies thrived on the increased digital adoption during the pandemic, PayPal faced headwinds from inflationary pressures and economic uncertainty. As Morgan Stanley (NYSE: MS) analysts aptly noted, this potential for increased digital ad spending could propel PayPal's share price towards their optimistic target of $118, representing a substantial climb from current levels. | However, within this potentially favorable tech tide, PayPal remains an anomaly. While PayPal remains a titan in the online payments sector, its valuation compared to peers raises intriguing questions. Despite a lower valuation than its peers, the company's consistent growth and insider confidence suggest promise. | As interest rates potentially decrease, businesses may loosen their spending constraints, leading to a potential resurgence in online activity and a subsequent boost for PayPal's transaction engine. Beyond transactions: Unleashing PayPal's value Although most investors think of PayPal for its well-known online payment processing, its true value lies beneath the surface. PayPal's potential resurgence in the shifting market is contingent on a favorable economic climate and its diverse services for small- to medium-sized businesses (SMBs). | This change creates a potentially favorable environment for the tech sector. While PayPal remains a titan in the online payments sector, its valuation compared to peers raises intriguing questions. PayPal's potential resurgence in the shifting market is contingent on a favorable economic climate and its diverse services for small- to medium-sized businesses (SMBs). | 8f534a61-e638-4da0-b5a3-849c460e3a07 |
710654.0 | 2023-12-16 06:00:00 UTC | FedEx (FDX) Q2 Earnings and Revenues Lag Estimates | DCOMP | https://www.nasdaq.com/articles/fedex-fdx-q2-earnings-and-revenues-lag-estimates | nan | nan | FedEx (FDX) came out with quarterly earnings of $3.99 per share, missing the Zacks Consensus Estimate of $4.14 per share. This compares to earnings of $3.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.62%. A quarter ago, it was expected that this package delivery company would post earnings of $3.70 per share when it actually produced earnings of $4.55, delivering a surprise of 22.97%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
FedEx, which belongs to the Zacks Transportation - Air Freight and Cargo industry, posted revenues of $22.17 billion for the quarter ended November 2023, missing the Zacks Consensus Estimate by 0.73%. This compares to year-ago revenues of $22.81 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
FedEx shares have added about 62.8% since the beginning of the year versus the S&P 500's gain of 23.5%.
What's Next for FedEx?
While FedEx has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for FedEx: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.95 on $22.62 billion in revenues for the coming quarter and $18.19 on $89.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Air Freight and Cargo is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Transportation sector, United Airlines (UAL), is yet to report results for the quarter ended December 2023.
This airline is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of -33.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
United Airlines' revenues are expected to be $13.53 billion, up 9.1% from the year-ago quarter.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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FedEx Corporation (FDX) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. One other stock from the broader Zacks Transportation sector, United Airlines (UAL), is yet to report results for the quarter ended December 2023. | FedEx, which belongs to the Zacks Transportation - Air Freight and Cargo industry, posted revenues of $22.17 billion for the quarter ended November 2023, missing the Zacks Consensus Estimate by 0.73%. The current consensus EPS estimate is $3.95 on $22.62 billion in revenues for the coming quarter and $18.19 on $89.56 billion in revenues for the current fiscal year. Click to get this free report FedEx Corporation (FDX) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report To read this article on Zacks.com click here. | FedEx (FDX) came out with quarterly earnings of $3.99 per share, missing the Zacks Consensus Estimate of $4.14 per share. FedEx, which belongs to the Zacks Transportation - Air Freight and Cargo industry, posted revenues of $22.17 billion for the quarter ended November 2023, missing the Zacks Consensus Estimate by 0.73%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | FedEx (FDX) came out with quarterly earnings of $3.99 per share, missing the Zacks Consensus Estimate of $4.14 per share. While FedEx has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. | b54c0bd3-37a0-4363-9cdb-2a9cde916480 |
710655.0 | 2023-12-16 06:00:00 UTC | Steelcase (SCS) Q3 Earnings Surpass Estimates | DCOMP | https://www.nasdaq.com/articles/steelcase-scs-q3-earnings-surpass-estimates | nan | nan | Steelcase (SCS) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 76.47%. A quarter ago, it was expected that this office furniture maker would post earnings of $0.17 per share when it actually produced earnings of $0.31, delivering a surprise of 82.35%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Steelcase, which belongs to the Zacks Business - Office Products industry, posted revenues of $777.9 million for the quarter ended November 2023, missing the Zacks Consensus Estimate by 0.80%. This compares to year-ago revenues of $826.9 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Steelcase shares have added about 76.9% since the beginning of the year versus the S&P 500's gain of 23.5%.
What's Next for Steelcase?
While Steelcase has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Steelcase: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $784.5 million in revenues for the coming quarter and $0.71 on $3.18 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Office Products is currently in the top 2% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Accolade (ACCD), another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended November 2023. The results are expected to be released on January 8.
This company is expected to post quarterly loss of $0.46 per share in its upcoming report, which represents a year-over-year change of +17.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Accolade's revenues are expected to be $96.47 million, up 6.1% from the year-ago quarter.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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Steelcase Inc. (SCS) : Free Stock Analysis Report
Accolade, Inc. (ACCD) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Accolade (ACCD), another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended November 2023. | Steelcase, which belongs to the Zacks Business - Office Products industry, posted revenues of $777.9 million for the quarter ended November 2023, missing the Zacks Consensus Estimate by 0.80%. Accolade (ACCD), another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended November 2023. Click to get this free report Steelcase Inc. (SCS) : Free Stock Analysis Report Accolade, Inc. (ACCD) : Free Stock Analysis Report To read this article on Zacks.com click here. | Steelcase (SCS) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. Steelcase, which belongs to the Zacks Business - Office Products industry, posted revenues of $777.9 million for the quarter ended November 2023, missing the Zacks Consensus Estimate by 0.80%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Steelcase (SCS) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Accolade (ACCD), another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended November 2023. | a90b3384-497a-42d8-9c47-4d62c9dbb373 |
710656.0 | 2023-12-16 06:00:00 UTC | Why Kura Sushi (KRUS) Outpaced the Stock Market Today | DCOMP | https://www.nasdaq.com/articles/why-kura-sushi-krus-outpaced-the-stock-market-today | nan | nan | In the latest trading session, Kura Sushi (KRUS) closed at $70.42, marking a +1.63% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.59% for the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.66%.
Shares of the company have appreciated by 11.63% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 4.97% and the S&P 500's gain of 5.16%.
The upcoming earnings release of Kura Sushi will be of great interest to investors. The company's earnings report is expected on January 4, 2024. It is anticipated that the company will report an EPS of -$0.13, marking a 38.1% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $52.2 million, up 32.76% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.43 per share and revenue of $241.15 million, indicating changes of +207.14% and +28.66%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kura Sushi. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.92% higher. Kura Sushi presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kura Sushi has a Forward P/E ratio of 162.4 right now. This signifies a premium in comparison to the average Forward P/E of 21.79 for its industry.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Kura Sushi USA, Inc. (KRUS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | In the latest trading session, Kura Sushi (KRUS) closed at $70.42, marking a +1.63% move from the previous day. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.43 per share and revenue of $241.15 million, indicating changes of +207.14% and +28.66%, respectively, compared to the previous year. Click to get this free report Kura Sushi USA, Inc. (KRUS) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. | Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kura Sushi. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 7c3f94e5-481f-492b-859f-cdc1052d2785 |
710657.0 | 2023-12-16 06:00:00 UTC | Top Research Reports for Meta Platforms, Broadcom & Toyota Motor | DCOMP | https://www.nasdaq.com/articles/top-research-reports-for-meta-platforms-broadcom-toyota-motor | nan | nan | Tuesday, December 19, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Broadcom Inc. (AVGO) and Toyota Motor Corp. (TM). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Shares of Meta Platforms have outperformed the Zacks Internet - Software industry over the past six months (+21.2% vs. +13.4%). The company is benefiting from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its offerings like Instagram, WhatsApp, Messenger and Facebook has been a major growth driver.
Meta Platforms is leveraging AI to recommend Reels content, which is driving traffic on Instagram and Facebook. Its innovative portfolio, which includes Threads, Reels and Llama 2, is likely to aid prospects. Advertising revenues are expected to witness a CAGR of 13% per Zacks model estimate.
However, challenging macroeconomic conditions remain a headwind for Meta’s advertising revenues, along with targeting and measurement headwinds due to Apple’s iOS changes. Slow monetization of Reels, along with mounting operating losses at Reality Labs, are concerns.
(You can read the full research report on Meta Platforms here >>>)
Broadcom’s shares have outperformed the Zacks Electronics - Semiconductors industry over the past six months (+33.6% vs. +20.7%). The company is benefiting from the strong deployment of generative AI. It expects generative AI to contribute more than 25% of semiconductor revenues in fiscal 2024.
Strong demand for Tomahawk 5, Jericho, 10-gigabit PON and DOCSIS 3.1 with embedded Wi-Fi 6 and 6E aids Broadcom’s prospects. Its expanding portfolio with the launch of the second-gen Wi-Fi 7 wireless connectivity chip is a catalyst.
Broadcom expects networking revenues to grow nearly 30% year over year in fiscal 2024. VMware is expected to contribute $12 billion to revenues. Infrastructure software revenues are expected to be $20 billion while semiconductor solutions revenues are expected to increase in the mid to high-single-digit percentage range on a year-over-year basis in fiscal 2024.
(You can read the full research report on Broadcom here >>>)
Shares of Toyota Motor have outperformed the Zacks Automotive - Foreign industry over the past six months (+16.6% vs. +13.7%). The company is one of the world’s leading automakers, with an array of brands, including Toyota, Lexus and Scion, which position it for solid growth.
Continued demand for vehicles and a robust lineup of trucks and sport utility vehicles (SUVs) are set to fuel Toyota’s sales volumes. To capitalize on the accelerated global shift to environment-friendly vehicles, the auto giant is deepening its focus on manufacturing electric and fuel-cell vehicles, which will bolster its product competitiveness.
The Japanese auto giant aims to generate 40% of its global sales from EVs by 2025 and 70% by 2030. It plans to invest 4 trillion yen ($35 billion) for a lineup of 30 BEVs by 2030. TM aims to expand global sales of BEVs to 3.5 million units per year by 2030. Thus, we are bullish on the stock.
(You can read the full research report on Toyota Motor here >>>)
Other noteworthy reports we are featuring today include HSBC Holdings plc (HSBC), IBM Corp. (IBM) and Monster Beverage Corp. (MNST).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
User Growth, Instagram Strength Aids Meta Platforms (META)
Strong Demand for Networking Products Aids Broadcom (AVGO)
Strong Demand and Electrification Push to Aid Toyota (TM)
Featured Reports
Focus in Asia Region, Rates Aid HSBC (HSBC), High Costs Ails
Per the Zacks analyst, focus on expansion in Asia region, business streamlining efforts in less profitable markets and high rates support HSBC amid rising operating expenses and weak revenue growth.
IBM Rides on Strategic Acquisition, Healthy Demand Trends
Per the Zacks analyst, the acquisition of Software AG's integration platform-as-a-service business will likely boost IBM's hybrid cloud and AI portfolio and enhance commercial prospects.
Monster Beverage (MNST) Gains From Product Launch & Innovation
Per the Zacks analyst, Monster Beverage is committed to product launches and innovation to boost sales. The company is experiencing continued strength in its energy drinks category for a while now.
Regulated Investment and Debt Management Aid Exelon (EXC)
Per the Zacks analyst, Exelon's planned $31.3B investment to strengthen transmission and distribution lines and efficient management of outstanding debt are going to boost its performance.
eBay (EBAY) Benefits from Strength in Advertising Business
Per the Zacks analyst, growing momentum across eBay's first-party advertising products on the back of its strong Promoted Listings, is driving growth in its advertising business.
FDA Nod to Sarepta's (SRPT) DMD Gene Therapy Fuels Growth
The Zacks Analyst is encouraged by the recent FDA approval to Sarepta's Elevidys, the first DMD gene therapy. Based on this approval, it has started exploring opportunities in the gene therapy space.
Blue Owl Capital (OBDC) Rides on Investment Income, Buyouts
Per the Zacks analyst, Blue Owl Capital's revenues are driven by higher investment income, thanks to its improved interest income. Buyouts enhance its capabilities and diversify the business.
New Upgrades
Watts Water (WTS) To Benefit from Strong Product Portfolio
Per the Zacks analyst, Watts Water is gaining from diversified product portfolio, geographic expansion and productivity initiatives. Synergies from acquistions also bode well.
Expansion Efforts & Strategic Initiatives Aid Beacon (BECN)
Per the Zacks analyst, Beacon benefits from Ambition 2025 growth initiatives, strategic investments and acquisitions. Also, emphasis on digital initiatives bode well.
Sunoco Gains From (SUN) Long-Term Distribution Contracts
Per the Zacks analyst, long-term distribution contracts with more than a 90% retention rate generate stable cashflows for Sunoco. Its history of disciplined expense management is also encouraging.
New Downgrades
Pricing Pressure Impacts TransUnion's (TRU) Bottom Line
Per the Zacks Analyst, widely varying competition across business segments, geographical markets and industry verticals restricts TransUnion's pricing power and puts a strain on its bottom line.
High Costs, Poor Asset Quality Hurt Credit Acceptance (CACC)
Per the Zacks analyst, elevated expenses due to rise in compensation and marketing costs will hurt Credit Acceptance's profits. Deteriorating credit quality due to rise in provisions remains a woe.
BioPharma Downturn, Soft Chinese Market Hurt Bio-Rad (BIO)
The Zacks analyst is worried about Bio-Rad's Life Science business affected by the biopharma challenges and economic issues in China. Soft China market conditions dent Clinical Diagnostics sales.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
Toyota Motor Corporation (TM) : Free Stock Analysis Report
International Business Machines Corporation (IBM) : Free Stock Analysis Report
Broadcom Inc. (AVGO) : Free Stock Analysis Report
Monster Beverage Corporation (MNST) : Free Stock Analysis Report
HSBC Holdings plc (HSBC) : Free Stock Analysis Report
Meta Platforms, Inc. (META) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company is one of the world’s leading automakers, with an array of brands, including Toyota, Lexus and Scion, which position it for solid growth. Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Broadcom Inc. (AVGO) and Toyota Motor Corp. (TM). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read User Growth, Instagram Strength Aids Meta Platforms (META) Strong Demand for Networking Products Aids Broadcom (AVGO) Strong Demand and Electrification Push to Aid Toyota (TM) Featured Reports Focus in Asia Region, Rates Aid HSBC (HSBC), High Costs Ails Per the Zacks analyst, focus on expansion in Asia region, business streamlining efforts in less profitable markets and high rates support HSBC amid rising operating expenses and weak revenue growth. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Monster Beverage Corporation (MNST) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Broadcom Inc. (AVGO) and Toyota Motor Corp. (TM). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read User Growth, Instagram Strength Aids Meta Platforms (META) Strong Demand for Networking Products Aids Broadcom (AVGO) Strong Demand and Electrification Push to Aid Toyota (TM) Featured Reports Focus in Asia Region, Rates Aid HSBC (HSBC), High Costs Ails Per the Zacks analyst, focus on expansion in Asia region, business streamlining efforts in less profitable markets and high rates support HSBC amid rising operating expenses and weak revenue growth. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Monster Beverage Corporation (MNST) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Broadcom Inc. (AVGO) and Toyota Motor Corp. (TM). The company is benefiting from the strong deployment of generative AI. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 74f7d64d-3bf0-4b9f-8122-7e0a202b26fd |
710658.0 | 2023-12-16 05:00:00 UTC | 2 EV Stocks to Sell in 2023 Before It's Too Late | DCOMP | https://www.nasdaq.com/articles/2-ev-stocks-to-sell-in-2023-before-its-too-late | nan | nan | There was a significant divergence in the fortunes of electric vehicle (EV) stocks in 2023. While Tesla (TSLA) has more than doubled in the year, many others - like Lucid Motors (LCID), Nikola (NKLA), Fisker (FSR), and Polestar (PSNY) - fell to record lows, albeit at different points throughout the year.
We also had a new EV listing in the form of VinFast (VFS), and the Vietnam-based company quickly gained “meme status.” VFS soared after its initial listing in August, and printed as high as $93 – which gave the startup EV company a market cap of over $200 billion. That exceeded the combined market caps of Ford Motor (F), General Motors (GM), and Volkswagen (VWAGY).
www.barchart.com
This was also the year when the “demand” question came to the forefront, and multiple players - including Ford and General Motors - scaled back their EV production and slowed the pace of investments. Even the formidable Tesla has alluded to demand not being as strong amid the uncertain economy, and the company is proceeding cautiously on its upcoming Mexico factory.
EV Industry Undergoes Turmoil in 2023
The EV price war also continued unabated, with Tesla cutting its cars' prices multiple times, most recently in October. Other players also joined the price war, and cut prices to keep their models competitive in what’s looking like an increasingly crowded market.
The lethal combination of tough capital market conditions, execution woes, demand slowdown, price wars, and perennial losses took their toll on startup EV companies. Looking forward to 2024, the EV industry churn should continue as new models hit the markets at a time when dealers are saddled with unsold inventory of electric cars. Given that background, I believe VinFast and Electrameccanica Vehicles (SOLO) are two EV stocks investors should sell in 2023. Here’s why.
VinFast Stock Still Looks Overvalued
Despite having fallen sharply from its peak, VinFast still commands a market cap above $17 billion – which, for context, is higher than that of Chinese EV makers NIO (NIO) and Xpeng Motors (XPEV). Even if we account for the “valuation discount” amid the structural deterioration in the valuation of Chinese companies, it’s tough to justify VinFast’s current valuations.
Notably, while VinFast went public only recently through a special purpose acquisition company (SPAC) reverse merger, the company could not raise much cash due to massive redemptions by unit holders. It is therefore reliant on its parent company, Vingroup, which granted it a loan of $955 million with Chairman Pham Nhat Vuong putting in another $291 million in the form of grants.
Also, VinFast cars don’t have great reviews, unlike models from some of the other EV companies - like NIO, Rivian (RIVN), and Lucid Motors. VinFast might have a really tough time competing in the U.S., where Tesla is the market leader - and the Chinese market already looks oversaturated with domestic companies like BYD (BYDDY).
While VinFast is looking at increasing sales in markets like India and Indonesia, these regions are not as lucrative as the U.S., which is the most profitable major automotive market - and China, meanwhile, is the world’s biggest market for new energy vehicles.
Overall, with many other EV companies offering a much better product proposition, and stronger balance sheets available at much lower valuations, I would give VinFast stock a miss – at least, at these prices.
Avoid Electrameccanica Vehicles Stock
Electrameccanica Vehicles is another startup EV name that looks distressed. The stock is trading near its all-time lows, and its market cap is a mere $43 million. It was looking to merge with electric medium-duty truck manufacturer Tevva Motors Limited, but the deal was called off.
www.barchart.com
The company is now looking to merge with other businesses, and in its December update it said that while it held talks with over 20 candidates since the second week of October, it “recently narrowed the focus of these efforts to just a handful of electric businesses.” SOLO also said that it is “actively exploring a wider variety of ways to leverage our state-of-the-art, 235,000-square-foot manufacturing facility in Mesa, AZ.”
While SOLO once looked like a promising EV startup with a differentiated product, there are not many takers for its three-wheeled vehicles. Things might only get worse as automakers, including Tesla, launch lower-priced EV models. The fact that Electrameccanica Vehicles did a product recall for its SOLO G2 and G3 for model years between 2019 and 2023 did not help bring any credibility to its vehicles.
While the company might still find a merger partner, I would stay away from SOLO stock, given the high risk associated with this distressed EV play.
On the date of publication, Mohit Oberoi had a position in: F , GM , RIVN , XPEV , NIO . All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | www.barchart.com This was also the year when the “demand” question came to the forefront, and multiple players - including Ford and General Motors - scaled back their EV production and slowed the pace of investments. The lethal combination of tough capital market conditions, execution woes, demand slowdown, price wars, and perennial losses took their toll on startup EV companies. Looking forward to 2024, the EV industry churn should continue as new models hit the markets at a time when dealers are saddled with unsold inventory of electric cars. | That exceeded the combined market caps of Ford Motor (F), General Motors (GM), and Volkswagen (VWAGY). www.barchart.com This was also the year when the “demand” question came to the forefront, and multiple players - including Ford and General Motors - scaled back their EV production and slowed the pace of investments. EV Industry Undergoes Turmoil in 2023 The EV price war also continued unabated, with Tesla cutting its cars' prices multiple times, most recently in October. | We also had a new EV listing in the form of VinFast (VFS), and the Vietnam-based company quickly gained “meme status.” VFS soared after its initial listing in August, and printed as high as $93 – which gave the startup EV company a market cap of over $200 billion. VinFast Stock Still Looks Overvalued Despite having fallen sharply from its peak, VinFast still commands a market cap above $17 billion – which, for context, is higher than that of Chinese EV makers NIO (NIO) and Xpeng Motors (XPEV). www.barchart.com The company is now looking to merge with other businesses, and in its December update it said that while it held talks with over 20 candidates since the second week of October, it “recently narrowed the focus of these efforts to just a handful of electric businesses.” SOLO also said that it is “actively exploring a wider variety of ways to leverage our state-of-the-art, 235,000-square-foot manufacturing facility in Mesa, AZ.” While SOLO once looked like a promising EV startup with a differentiated product, there are not many takers for its three-wheeled vehicles. | Given that background, I believe VinFast and Electrameccanica Vehicles (SOLO) are two EV stocks investors should sell in 2023. VinFast Stock Still Looks Overvalued Despite having fallen sharply from its peak, VinFast still commands a market cap above $17 billion – which, for context, is higher than that of Chinese EV makers NIO (NIO) and Xpeng Motors (XPEV). The fact that Electrameccanica Vehicles did a product recall for its SOLO G2 and G3 for model years between 2019 and 2023 did not help bring any credibility to its vehicles. | 440e6879-5f44-4955-94b1-9ac19f1a2e80 |
710659.0 | 2023-12-16 05:00:00 UTC | Why Cameco Corp Stock Fell 5% on Tuesday | DCOMP | https://www.nasdaq.com/articles/why-cameco-corp-stock-fell-5-on-tuesday | nan | nan | Shares of Canadian uranium miner Cameco Corporation (NYSE: CCJ), which have more than doubled in price over the past year and hit an all-time high late last month, turned tail and dropped 5.6% through close of trading Tuesday.
The sudden, sharp decline followed Cameco's giving of an "investor day" presentation this morning, which inspired analysts at Canaccord Genuity to downgrade the stock from "buy" to "hold" this afternoon.
What Cameco said
And yet, investors' reaction to today's news was a little strange. In today's presentation, Cameco CFO Grant Isaac noted that Cameco is currently "in [a] very advantageous position" with nuclear power utility customers buying uranium in excess of [the] "replacement rate" as they anticipate future needs for more electricity -- and more uranium to feed that need. Furthermore, Isaac noted that Cameco is able to supply the additional uranium from "brownfield" projects -- i.e., existing mines -- rather than needing to develop new mines to get access to the needed uranium.
That's a good start. But here's where Cameco's comments took a turn for the worse and may have spooked investors: Uranium prices took off like a rocketship this year, spiking from less than $47 per pound at the start of the year to as high as $87 per pound today. That's gotten uranium investors excited and powered a lot of Cameco's share-price gains this week.
But according to a report on TheFly.com on Isaac's presentation, "the spot market is actually low quality" inasmuch as relatively little uranium is actually sold at these spot prices. "Fundamental demand" and more realistic prices are more likely to be found on the term market where buyers bid for long-term supply of their uranium needs for periods "two years out and beyond."
What this means for Cameco
The implication, therefore, is that investors may not be able to rely on the skyrocketing spot price of uranium as an indication of long-term trends in uranium pricing or of long-term growth in Cameco's profits.
Commenting on Isaac's comments, Canaccord Genuity today lamented that the executive didn't give investors "something more directionally and definitively bullish" to encourage their enthusiasm about the stock. And because the analyst sees Cameco's guidance as more or less in line with expectations, and because Cameco stock has already gone up so much this year, the analyst decided that it's best to be cautious at this point -- and pulled its buy rating.
Is that the right call? It really depends on how closely gains in the spot market translate into higher supply-contract prices for Cameco. Currently, the stock is trading for more than 100 times earnings and looks, well, quite expensive. Strong term pricing could change that valuation if it results in more profits next year. But for now, I suspect Canaccord is right to be cautious.
This nuclear power stock isn't obviously cheap. I wouldn't buy it until it becomes so.
Should you invest $1,000 in Cameco right now?
Before you buy stock in Cameco, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Cameco wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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*Stock Advisor returns as of December 18, 2023
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of Canadian uranium miner Cameco Corporation (NYSE: CCJ), which have more than doubled in price over the past year and hit an all-time high late last month, turned tail and dropped 5.6% through close of trading Tuesday. The sudden, sharp decline followed Cameco's giving of an "investor day" presentation this morning, which inspired analysts at Canaccord Genuity to downgrade the stock from "buy" to "hold" this afternoon. "Fundamental demand" and more realistic prices are more likely to be found on the term market where buyers bid for long-term supply of their uranium needs for periods "two years out and beyond." | In today's presentation, Cameco CFO Grant Isaac noted that Cameco is currently "in [a] very advantageous position" with nuclear power utility customers buying uranium in excess of [the] "replacement rate" as they anticipate future needs for more electricity -- and more uranium to feed that need. Commenting on Isaac's comments, Canaccord Genuity today lamented that the executive didn't give investors "something more directionally and definitively bullish" to encourage their enthusiasm about the stock. Before you buy stock in Cameco, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Cameco wasn't one of them. | What this means for Cameco The implication, therefore, is that investors may not be able to rely on the skyrocketing spot price of uranium as an indication of long-term trends in uranium pricing or of long-term growth in Cameco's profits. And because the analyst sees Cameco's guidance as more or less in line with expectations, and because Cameco stock has already gone up so much this year, the analyst decided that it's best to be cautious at this point -- and pulled its buy rating. Before you buy stock in Cameco, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Cameco wasn't one of them. | In today's presentation, Cameco CFO Grant Isaac noted that Cameco is currently "in [a] very advantageous position" with nuclear power utility customers buying uranium in excess of [the] "replacement rate" as they anticipate future needs for more electricity -- and more uranium to feed that need. But here's where Cameco's comments took a turn for the worse and may have spooked investors: Uranium prices took off like a rocketship this year, spiking from less than $47 per pound at the start of the year to as high as $87 per pound today. Before you buy stock in Cameco, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Cameco wasn't one of them. | b9571de0-9ae8-4cac-a5da-bf322a884118 |
710660.0 | 2023-12-16 05:00:00 UTC | After Hours Most Active for Dec 19, 2023 : CNHI, ACWI, GRAB, INTC, PFE, OPEN, MU, YMM, NEE, AMZN, V, PEB | DCOMP | https://www.nasdaq.com/articles/after-hours-most-active-for-dec-19-2023-%3A-cnhi-acwi-grab-intc-pfe-open-mu-ymm-nee-amzn-v | nan | nan | The NASDAQ 100 After Hours Indicator is down -11.33 to 16,800.53. The total After hours volume is currently 147,407,995 shares traded.
The following are the most active stocks for the after hours session:
CNH Industrial N.V. (CNHI) is unchanged at $11.91, with 7,092,090 shares traded. CNHI's current last sale is 79.11% of the target price of $15.055.
iShares MSCI ACWI ETF (ACWI) is +0.0075 at $102.16, with 6,160,531 shares traded., following a 52-week high recorded in today's regular session.
Grab Holdings Limited (GRAB) is unchanged at $3.25, with 5,474,656 shares traded. As reported by Zacks, the current mean recommendation for GRAB is in the "buy range".
Intel Corporation (INTC) is -0.06 at $46.60, with 5,457,985 shares traded. INTC's current last sale is 122.63% of the target price of $38.
Pfizer, Inc. (PFE) is -0.0198 at $28.14, with 4,504,161 shares traded. PFE's current last sale is 80.4% of the target price of $35.
Opendoor Technologies Inc (OPEN) is +0.01 at $4.35, with 3,880,769 shares traded. OPEN's current last sale is 165.71% of the target price of $2.625.
Micron Technology, Inc. (MU) is -0.17 at $82.00, with 3,766,652 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2023. The consensus EPS forecast is $-1.14. MU is scheduled to provide an earnings report on 12/20/2023, for the fiscal quarter ending Nov2023. The consensus earnings per share forecast is -1.14 per share, which represents a -15 percent increase over the EPS one Year Ago
Full Truck Alliance Co. Ltd. (YMM) is unchanged at $6.76, with 3,349,169 shares traded. As reported by Zacks, the current mean recommendation for YMM is in the "buy range".
NextEra Energy, Inc. (NEE) is unchanged at $61.57, with 3,256,110 shares traded. As reported by Zacks, the current mean recommendation for NEE is in the "buy range".
Amazon.com, Inc. (AMZN) is -0.35 at $153.44, with 3,041,089 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. The consensus EPS forecast is $0.65. As reported by Zacks, the current mean recommendation for AMZN is in the "buy range".
Visa Inc. (V) is unchanged at $259.99, with 2,569,999 shares traded. As reported by Zacks, the current mean recommendation for V is in the "buy range".
Pebblebrook Hotel Trust (PEB) is unchanged at $15.31, with 2,564,950 shares traded. PEB's current last sale is 109.36% of the target price of $14.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2023. MU is scheduled to provide an earnings report on 12/20/2023, for the fiscal quarter ending Nov2023. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. | As reported by Zacks, the current mean recommendation for GRAB is in the "buy range". Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2023. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2024. | Grab Holdings Limited (GRAB) is unchanged at $3.25, with 5,474,656 shares traded. The consensus earnings per share forecast is -1.14 per share, which represents a -15 percent increase over the EPS one Year Ago Visa Inc. (V) is unchanged at $259.99, with 2,569,999 shares traded. | The NASDAQ 100 After Hours Indicator is down -11.33 to 16,800.53. The following are the most active stocks for the after hours session: Amazon.com, Inc. (AMZN) is -0.35 at $153.44, with 3,041,089 shares traded. | 1a19be13-0691-44de-9d95-897fa8818c9b |
710661.0 | 2023-12-16 05:00:00 UTC | Why Affirm Holdings Stock Soared Today | DCOMP | https://www.nasdaq.com/articles/why-affirm-holdings-stock-soared-today | nan | nan | Shares of Affirm Holdings (NASDAQ: AFRM) were up 15.9% as of 1:45 p.m. ET Tuesday after the buy now, pay later (BNPL) payment-platform company announced an expanded partnership with Walmart (NYSE: WMT).
A seamless new BNPL option
In a press release this morning, Affirm announced it has expanded its services with Walmart to enable customers to select its pay-over-time options at self-checkout kiosks in more than 4,500 Walmart stores. Affirm's services were previously available on Walmart's website and at stores nationwide but not at the self-checkout stations, which comprised around 30% of all retail transactions last year.
Affirm elaborated that its research has shown more than half of Americans are looking for retailers to offer a BNPL option at checkout. And 76% of consumers would either delay or forego a purchase entirely without the option. Affirm also stressed that customers who opt for a buy-now-pay-later option at checkout are always shown the total cost of their purchase, including interest. And because Affirm doesn't charge late or hidden fees, they'll never pay more than they agree to upfront.
What's next for Affirm stock?
Affirm stock has already roared higher in recent weeks as data showed BNPL purchases were up 20% year over year in the weekend following Black Friday -- an event widely considered the start of the key holiday-shopping season. But if Affirm can capitalize on even the tail end of the season while giving consumers the option to bolster their purchasing power at self-checkout kiosks indefinitely going forward, it's easy to see how the expanded partnership could drive significant incremental growth.
Assuming the timing of its past reports are any indication, Affirm should be poised to release its holiday-quarter results in early February. Management's latest guidance calls for quarterly revenue to arrive in the range of $495 million to $520 million, up from $400 million in the same year-ago period.
To be clear, I don't own shares of Affirm myself. And I'm personally content watching this story play out from the sidelines with Affirm up an incredible 460% year to date as of this writing. But it's no surprise to see the leading BNPL stock continuing to gain momentum right now.
Should you invest $1,000 in Affirm right now?
Before you buy stock in Affirm, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Affirm wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of December 18, 2023
Steve Symington has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walmart. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Affirm's services were previously available on Walmart's website and at stores nationwide but not at the self-checkout stations, which comprised around 30% of all retail transactions last year. Affirm also stressed that customers who opt for a buy-now-pay-later option at checkout are always shown the total cost of their purchase, including interest. But if Affirm can capitalize on even the tail end of the season while giving consumers the option to bolster their purchasing power at self-checkout kiosks indefinitely going forward, it's easy to see how the expanded partnership could drive significant incremental growth. | A seamless new BNPL option In a press release this morning, Affirm announced it has expanded its services with Walmart to enable customers to select its pay-over-time options at self-checkout kiosks in more than 4,500 Walmart stores. Before you buy stock in Affirm, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Affirm wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Steve Symington has no position in any of the stocks mentioned. | A seamless new BNPL option In a press release this morning, Affirm announced it has expanded its services with Walmart to enable customers to select its pay-over-time options at self-checkout kiosks in more than 4,500 Walmart stores. Affirm stock has already roared higher in recent weeks as data showed BNPL purchases were up 20% year over year in the weekend following Black Friday -- an event widely considered the start of the key holiday-shopping season. Before you buy stock in Affirm, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Affirm wasn't one of them. | A seamless new BNPL option In a press release this morning, Affirm announced it has expanded its services with Walmart to enable customers to select its pay-over-time options at self-checkout kiosks in more than 4,500 Walmart stores. What's next for Affirm stock? Before you buy stock in Affirm, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Affirm wasn't one of them. | 8e3c8cb7-74d9-4c9a-972a-f9e783234184 |
710662.0 | 2023-12-16 04:00:00 UTC | Consumer Sector Update for 12/19/2023: BUD, M, AMZN, MCOM | DCOMP | https://www.nasdaq.com/articles/consumer-sector-update-for-12-19-2023%3A-bud-m-amzn-mcom | nan | nan | Consumer stocks rose late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 0.7%.
Redbook US same-store sales in the week ended Dec. 16 rose 3.6% from a year earlier after a 3.4% increase in the previous week.
In corporate news, Anheuser-Busch Inbev (BUD) agreed to sell its non-controlling stake in a Russian brewery joint venture to Turkish partner Anadolu Efes following negotiations that began last year. Anheuser-Busch shares gained 1.3%.
Micromobility.com (MCOM) said that Nasdaq notified the company that its common stock and warrants will be suspended as of Wednesday. Its shares slumped 49%.
Amazon.com (AMZN) soon may be soon streaming games with 40 major league baseball, basketball, and hockey teams on its Prime platform as part of a broader package with the company acquiring an equity stake in Diamond Sports, according to The Wall Street Journal. Amazon shares eased 0.4%.
Macy's (M) rose 1.1% after Morgan Stanley raised its price target to $21 from $15 "on what likely makes for a floor in the stock, for now" while maintaining the equalweight rating.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, Anheuser-Busch Inbev (BUD) agreed to sell its non-controlling stake in a Russian brewery joint venture to Turkish partner Anadolu Efes following negotiations that began last year. Amazon.com (AMZN) soon may be soon streaming games with 40 major league baseball, basketball, and hockey teams on its Prime platform as part of a broader package with the company acquiring an equity stake in Diamond Sports, according to The Wall Street Journal. Macy's (M) rose 1.1% after Morgan Stanley raised its price target to $21 from $15 "on what likely makes for a floor in the stock, for now" while maintaining the equalweight rating. | Consumer stocks rose late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 0.7%. Redbook US same-store sales in the week ended Dec. 16 rose 3.6% from a year earlier after a 3.4% increase in the previous week. Anheuser-Busch shares gained 1.3%. | Consumer stocks rose late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 0.7%. In corporate news, Anheuser-Busch Inbev (BUD) agreed to sell its non-controlling stake in a Russian brewery joint venture to Turkish partner Anadolu Efes following negotiations that began last year. Amazon.com (AMZN) soon may be soon streaming games with 40 major league baseball, basketball, and hockey teams on its Prime platform as part of a broader package with the company acquiring an equity stake in Diamond Sports, according to The Wall Street Journal. | Consumer stocks rose late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 0.7%. Redbook US same-store sales in the week ended Dec. 16 rose 3.6% from a year earlier after a 3.4% increase in the previous week. In corporate news, Anheuser-Busch Inbev (BUD) agreed to sell its non-controlling stake in a Russian brewery joint venture to Turkish partner Anadolu Efes following negotiations that began last year. | 120d5ec9-b24a-44b8-94d5-9eda6d435158 |
710663.0 | 2023-12-16 04:00:00 UTC | Noteworthy Tuesday Option Activity: RCL, TPC, W | DCOMP | https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-rcl-tpc-w | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Royal Caribbean Group (Symbol: RCL), where a total of 13,271 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 48.4% of RCL's average daily trading volume over the past month of 2.7 million shares. Particularly high volume was seen for the $113 strike put option expiring January 19, 2024, with 974 contracts trading so far today, representing approximately 97,400 underlying shares of RCL. Below is a chart showing RCL's trailing twelve month trading history, with the $113 strike highlighted in orange:
Tutor Perini Corp (Symbol: TPC) saw options trading volume of 871 contracts, representing approximately 87,100 underlying shares or approximately 47.5% of TPC's average daily trading volume over the past month, of 183,270 shares. Particularly high volume was seen for the $7.50 strike put option expiring December 20, 2024, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of TPC. Below is a chart showing TPC's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
And Wayfair Inc (Symbol: W) saw options trading volume of 21,732 contracts, representing approximately 2.2 million underlying shares or approximately 47.2% of W's average daily trading volume over the past month, of 4.6 million shares. Especially high volume was seen for the $55 strike call option expiring January 19, 2024, with 3,011 contracts trading so far today, representing approximately 301,100 underlying shares of W. Below is a chart showing W's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for RCL options, TPC options, or W options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Historical PE Ratio
Top Ten Hedge Funds Holding GNUS
DFBG market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Particularly high volume was seen for the $113 strike put option expiring January 19, 2024, with 974 contracts trading so far today, representing approximately 97,400 underlying shares of RCL. Particularly high volume was seen for the $7.50 strike put option expiring December 20, 2024, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of TPC. Today's Most Active Call & Put Options of the S&P 500 » Also see: Historical PE Ratio Top Ten Hedge Funds Holding GNUS DFBG market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Particularly high volume was seen for the $113 strike put option expiring January 19, 2024, with 974 contracts trading so far today, representing approximately 97,400 underlying shares of RCL. Below is a chart showing RCL's trailing twelve month trading history, with the $113 strike highlighted in orange: Tutor Perini Corp (Symbol: TPC) saw options trading volume of 871 contracts, representing approximately 87,100 underlying shares or approximately 47.5% of TPC's average daily trading volume over the past month, of 183,270 shares. Below is a chart showing TPC's trailing twelve month trading history, with the $7.50 strike highlighted in orange: And Wayfair Inc (Symbol: W) saw options trading volume of 21,732 contracts, representing approximately 2.2 million underlying shares or approximately 47.2% of W's average daily trading volume over the past month, of 4.6 million shares. | Below is a chart showing RCL's trailing twelve month trading history, with the $113 strike highlighted in orange: Tutor Perini Corp (Symbol: TPC) saw options trading volume of 871 contracts, representing approximately 87,100 underlying shares or approximately 47.5% of TPC's average daily trading volume over the past month, of 183,270 shares. Below is a chart showing TPC's trailing twelve month trading history, with the $7.50 strike highlighted in orange: And Wayfair Inc (Symbol: W) saw options trading volume of 21,732 contracts, representing approximately 2.2 million underlying shares or approximately 47.2% of W's average daily trading volume over the past month, of 4.6 million shares. Especially high volume was seen for the $55 strike call option expiring January 19, 2024, with 3,011 contracts trading so far today, representing approximately 301,100 underlying shares of W. Below is a chart showing W's trailing twelve month trading history, with the $55 strike highlighted in orange: For the various different available expirations for RCL options, TPC options, or W options, visit StockOptionsChannel.com. | Below is a chart showing TPC's trailing twelve month trading history, with the $7.50 strike highlighted in orange: And Wayfair Inc (Symbol: W) saw options trading volume of 21,732 contracts, representing approximately 2.2 million underlying shares or approximately 47.2% of W's average daily trading volume over the past month, of 4.6 million shares. Especially high volume was seen for the $55 strike call option expiring January 19, 2024, with 3,011 contracts trading so far today, representing approximately 301,100 underlying shares of W. Below is a chart showing W's trailing twelve month trading history, with the $55 strike highlighted in orange: For the various different available expirations for RCL options, TPC options, or W options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: Historical PE Ratio Top Ten Hedge Funds Holding GNUS DFBG market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | f9fd4390-ef65-4e55-b1e5-ee0452ad76c4 |
710664.0 | 2023-12-16 04:00:00 UTC | Pre-Market Earnings Report for December 20, 2023 : GIS, TTC, WGO, LIVE | DCOMP | https://www.nasdaq.com/articles/pre-market-earnings-report-for-december-20-2023-%3A-gis-ttc-wgo-live | nan | nan | The following companies are expected to report earnings prior to market open on 12/20/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
General Mills, Inc. (GIS)is reporting for the quarter ending November 30, 2023. The food company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.15. This value represents a 4.55% increase compared to the same quarter last year. In the past year GIS has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 0.93%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for GIS is 14.84 vs. an industry ratio of 12.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Toro Company (TTC)is reporting for the quarter ending October 31, 2023. The tools company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.56. This value represents a 49.55% decrease compared to the same quarter last year. TTC missed the consensus earnings per share in the 3rd calendar quarter of 2023 by -22.76%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TTC is 21.48 vs. an industry ratio of 21.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Winnebago Industries, Inc. (WGO)is reporting for the quarter ending November 30, 2023. The building company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.25. This value represents a 39.61% decrease compared to the same quarter last year. In the past year WGO has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 20.45%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for WGO is 11.13 vs. an industry ratio of 16.50.
Live Ventures Incorporated (LIVE)is reporting for the quarter ending September 30, 2023. The diversified operations company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.43. This value represents a 3.62% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for LIVE is 8.89 vs. an industry ratio of 9.00.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The food company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.15. The tools company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.56. The diversified operations company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.43. | Zacks Investment Research reports that the 2024 Price to Earnings ratio for GIS is 14.84 vs. an industry ratio of 12.60, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TTC is 21.48 vs. an industry ratio of 21.30, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2024 Price to Earnings ratio for WGO is 11.13 vs. an industry ratio of 16.50. | Zacks Investment Research reports that the 2024 Price to Earnings ratio for GIS is 14.84 vs. an industry ratio of 12.60, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TTC is 21.48 vs. an industry ratio of 21.30, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2024 Price to Earnings ratio for WGO is 11.13 vs. an industry ratio of 16.50. | In the past year GIS has beat the expectations every quarter. TTC missed the consensus earnings per share in the 3rd calendar quarter of 2023 by -22.76%. In the past year WGO has beat the expectations every quarter. | 8eed702d-aef7-4f8a-a6aa-be814b4804fc |
710665.0 | 2023-12-16 04:00:00 UTC | Lawsuits claiming Tylenol causes autism lack scientific support, judge finds | DCOMP | https://www.nasdaq.com/articles/lawsuits-claiming-tylenol-causes-autism-lack-scientific-support-judge-finds | nan | nan | By Brendan Pierson
Dec 19 (Reuters) - A judge has barred expert witnesses from testifying that Johnson & Johnson JNJ.N spin-off Kenvue's KVUE.N painkiller Tylenol can cause autism if mothers take it during pregnancy, finding that they failed to support their conclusions with scientific evidence.
The ruling on Monday by U.S. District Judge Denise Cote in Manhattan federal court likely means the end of a consolidated mass tort litigation of about 500 lawsuits over the popular over-the-counter drug, unless plaintiffs get it reversed on appeal.
Cote, in a 148-page ruling, found that none of the five expert witnesses proposed by the plaintiffs had offered a sound scientific methodology to support their opinion that Tylenol's active ingredient, acetaminophen, could cause autism spectrum disorder (ASD) and attention deficit hyperactivity disorder (ADHD).
"Instead, the unstructured approach adopted by the plaintiffs' experts permitted cherry-picking, allowed a results-driven analysis, and obscured the complexities, inconsistencies, and weaknesses in the underlying data," she wrote.
Kenvue, which was Johnson & Johnson's consumer health unit before it was spun off in August, in a statement said it will move to dismiss all the cases in light of the ruling. Its shares rose about 4% in Tuesday trading following the decision.
"These lawsuits have created confusion on the safety of one of the most studied medications in history," the company said. "Acetaminophen is recommended by doctors as a first-line treatment option for people who have a fever or are experiencing pain during pregnancy. It is scientifically known that not treating these conditions may have serious health consequences for both mother and baby."
Lawyers for the plaintiffs did not immediately respond to requests for comment.
The lawsuits also targeted retailers that sold their own generic versions of Tylenol, including CVS CVS.N, Walgreens WBA.O and Walmart WMT.N. CVS and Walgreens declined to comment on the decision, and Walmart did not immediately respond to a request for comment.
Product liability lawsuits, like the ones over Tylenol, rely on experts to establish that the product is capable of causing the alleged harm. Federal judges decide what expert testimony is allowed, based on whether it meets scientific standards first laid out by the U.S. Supreme Court in its 1993 ruling in Daubert v. Merrell Dow Pharmaceuticals.
The multidistrict litigation was consolidated before Cote in October 2022. Plaintiffs had begun filing lawsuits earlier that year, claiming that the retailers failed to warn pregnant users of acetaminophen products about the neurological risks to the fetus.
Health experts advise pregnant women to take acetaminophen rather than aspirin or ibuprofen, which can cause fetal organ damage.
While some studies have found an association between the disorders and acetaminophen use in pregnancy, researchers have cautioned that other, underlying factors could be responsible and that more study is needed.
(Reporting By Brendan Pierson in New York; Editing by Alexia Garamfalvi and Lisa Shumaker)
((Brendan.Pierson@thomsonreuters.com; 332-219-1345 (desk); 646-306-0235 (cell);))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The ruling on Monday by U.S. District Judge Denise Cote in Manhattan federal court likely means the end of a consolidated mass tort litigation of about 500 lawsuits over the popular over-the-counter drug, unless plaintiffs get it reversed on appeal. "Instead, the unstructured approach adopted by the plaintiffs' experts permitted cherry-picking, allowed a results-driven analysis, and obscured the complexities, inconsistencies, and weaknesses in the underlying data," she wrote. Federal judges decide what expert testimony is allowed, based on whether it meets scientific standards first laid out by the U.S. Supreme Court in its 1993 ruling in Daubert v. Merrell Dow Pharmaceuticals. | By Brendan Pierson Dec 19 (Reuters) - A judge has barred expert witnesses from testifying that Johnson & Johnson JNJ.N spin-off Kenvue's KVUE.N painkiller Tylenol can cause autism if mothers take it during pregnancy, finding that they failed to support their conclusions with scientific evidence. Cote, in a 148-page ruling, found that none of the five expert witnesses proposed by the plaintiffs had offered a sound scientific methodology to support their opinion that Tylenol's active ingredient, acetaminophen, could cause autism spectrum disorder (ASD) and attention deficit hyperactivity disorder (ADHD). CVS and Walgreens declined to comment on the decision, and Walmart did not immediately respond to a request for comment. | By Brendan Pierson Dec 19 (Reuters) - A judge has barred expert witnesses from testifying that Johnson & Johnson JNJ.N spin-off Kenvue's KVUE.N painkiller Tylenol can cause autism if mothers take it during pregnancy, finding that they failed to support their conclusions with scientific evidence. The ruling on Monday by U.S. District Judge Denise Cote in Manhattan federal court likely means the end of a consolidated mass tort litigation of about 500 lawsuits over the popular over-the-counter drug, unless plaintiffs get it reversed on appeal. Cote, in a 148-page ruling, found that none of the five expert witnesses proposed by the plaintiffs had offered a sound scientific methodology to support their opinion that Tylenol's active ingredient, acetaminophen, could cause autism spectrum disorder (ASD) and attention deficit hyperactivity disorder (ADHD). | By Brendan Pierson Dec 19 (Reuters) - A judge has barred expert witnesses from testifying that Johnson & Johnson JNJ.N spin-off Kenvue's KVUE.N painkiller Tylenol can cause autism if mothers take it during pregnancy, finding that they failed to support their conclusions with scientific evidence. The ruling on Monday by U.S. District Judge Denise Cote in Manhattan federal court likely means the end of a consolidated mass tort litigation of about 500 lawsuits over the popular over-the-counter drug, unless plaintiffs get it reversed on appeal. CVS and Walgreens declined to comment on the decision, and Walmart did not immediately respond to a request for comment. | bbb92cb5-f9a9-440e-9a29-00107907dd55 |
710666.0 | 2023-12-16 04:00:00 UTC | Health Care Sector Update for 12/19/2023: CGEN, GILD, CVAC, AVXL | DCOMP | https://www.nasdaq.com/articles/health-care-sector-update-for-12-19-2023%3A-cgen-gild-cvac-avxl | nan | nan | Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) advancing 0.6%.
The iShares Biotechnology ETF (IBB) gained 1.5%.
In corporate news, Compugen (CGEN) shares more than doubled after the company said it signed an exclusive license deal with Gilead Sciences (GILD) that may be worth as much as $848 million.
ProSomnus (OSA) said a study by the Cureus Journal of Medical Science showed the company's precision oral appliance therapy devices successfully treated obstructive sleep apnea. Its shares surged 55%.
CureVac (CVAC) shares tumbled 29% after the company said Tuesday that Germany's Federal Patent Court invalidated one of its patents following a nullity action filed by BioNTech (BNTX). Shares of BioNTech rose 2.7%.
Anavex Life Sciences (AVXL) shares jumped 13% after the European Medicines Agency approved the eligibility of the company's oral blarcamesine for Alzheimer's disease under a centralized procedure for all EU member states.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, Compugen (CGEN) shares more than doubled after the company said it signed an exclusive license deal with Gilead Sciences (GILD) that may be worth as much as $848 million. ProSomnus (OSA) said a study by the Cureus Journal of Medical Science showed the company's precision oral appliance therapy devices successfully treated obstructive sleep apnea. Anavex Life Sciences (AVXL) shares jumped 13% after the European Medicines Agency approved the eligibility of the company's oral blarcamesine for Alzheimer's disease under a centralized procedure for all EU member states. | Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) advancing 0.6%. Shares of BioNTech rose 2.7%. Anavex Life Sciences (AVXL) shares jumped 13% after the European Medicines Agency approved the eligibility of the company's oral blarcamesine for Alzheimer's disease under a centralized procedure for all EU member states. | Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) advancing 0.6%. CureVac (CVAC) shares tumbled 29% after the company said Tuesday that Germany's Federal Patent Court invalidated one of its patents following a nullity action filed by BioNTech (BNTX). Anavex Life Sciences (AVXL) shares jumped 13% after the European Medicines Agency approved the eligibility of the company's oral blarcamesine for Alzheimer's disease under a centralized procedure for all EU member states. | Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) advancing 0.6%. The iShares Biotechnology ETF (IBB) gained 1.5%. In corporate news, Compugen (CGEN) shares more than doubled after the company said it signed an exclusive license deal with Gilead Sciences (GILD) that may be worth as much as $848 million. | d70f4bb0-e157-475b-bd41-a358f7f69030 |
710667.0 | 2023-12-16 04:00:00 UTC | Technology Sector Update for 12/19/2023: NOVA, AAPL, LGCB, GOOG | DCOMP | https://www.nasdaq.com/articles/technology-sector-update-for-12-19-2023%3A-nova-aapl-lgcb-goog | nan | nan | Tech stocks rose late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) gaining 0.7%.
The Philadelphia Semiconductor index climbed 0.5%.
In corporate news, Sunnova (NOVA) shares jumped 16% after Piper Sandler upgraded the company's stock to overweight from neutral while raising its price target to $26 from $13.
Apple (AAPL) is exploring various solutions, including adjusting the algorithm used for measuring blood oxygen on its smartwatches, to evade a ban on its latest Apple Watch Series 9 and Ultra 2 smartwatches in the US, Bloomberg reported Monday. Apple shares edged up 0.3%.
Linkage Global (LGCB) shares fell almost 14% in recent Tuesday trading, extending their decline after debuting on Nasdaq.
Alphabet's (GOOG) Google has agreed to pay $700 million to settle a lawsuit brought by US states that alleged the company inhibited competition in its Play app store, according to a settlement disclosed Monday. Alphabet shares were up 0.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, Sunnova (NOVA) shares jumped 16% after Piper Sandler upgraded the company's stock to overweight from neutral while raising its price target to $26 from $13. Linkage Global (LGCB) shares fell almost 14% in recent Tuesday trading, extending their decline after debuting on Nasdaq. Alphabet's (GOOG) Google has agreed to pay $700 million to settle a lawsuit brought by US states that alleged the company inhibited competition in its Play app store, according to a settlement disclosed Monday. | In corporate news, Sunnova (NOVA) shares jumped 16% after Piper Sandler upgraded the company's stock to overweight from neutral while raising its price target to $26 from $13. Apple shares edged up 0.3%. Alphabet shares were up 0.9%. | Tech stocks rose late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) gaining 0.7%. In corporate news, Sunnova (NOVA) shares jumped 16% after Piper Sandler upgraded the company's stock to overweight from neutral while raising its price target to $26 from $13. Apple (AAPL) is exploring various solutions, including adjusting the algorithm used for measuring blood oxygen on its smartwatches, to evade a ban on its latest Apple Watch Series 9 and Ultra 2 smartwatches in the US, Bloomberg reported Monday. | Tech stocks rose late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) gaining 0.7%. Apple shares edged up 0.3%. Alphabet shares were up 0.9%. | cacdab3a-ece2-4b3e-abdd-2398cbf865c3 |
710668.0 | 2023-12-16 04:00:00 UTC | Financial Sector Update for 12/19/2023: BX, MARA, UBS, USB | DCOMP | https://www.nasdaq.com/articles/financial-sector-update-for-12-19-2023%3A-bx-mara-ubs-usb | nan | nan | Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index 0.8% higher and the Financial Select Sector SPDR Fund (XLF) up 0.6%.
The Philadelphia Housing Index was up 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.7%.
Bitcoin (BTC-USD) was declining 0.9% to $42,284, and the yield for 10-year US Treasuries was dropping 3 basis points to 3.92%.
In economic news, November housing starts jumped almost 15% sequentially to a 1.56 million annual rate, above expectations compiled by Bloomberg for 1.36 million and 1.359 million in October. Building permits fell 2.5% to a 1.46 million rate in November, versus expectations for 1.465 million and 1.498 million in the previous month.
In corporate news, Blackstone (BX) will divest its nearly 24% stake in India's Embassy Office Parks REIT in a deal valued at $833 million, according to media reports Tuesday. Blackstone shares rose 1.3%.
US Bank (USB) will pay almost $21 million in fines levied by federal regulators after it kept thousands of out-of-work customers from accessing unemployment benefits deposited into their accounts during the COVID-19 pandemic in 2020 and 2021, according to a statement Tuesday from the Consumer Financial Protection Bureau. The shares were rising 0.4%.
Marathon Digital (MARA) jumped past 10% after it said Tuesday it has agreed to buy two operational Bitcoin mining sites, totaling 390 megawatts of capacity, from subsidiaries of Generate Capital for $178.6 million in cash.
UBS (UBS) gained 4.9% after activist investor Cevian Capital said it has taken a 1.3% stake in the Swiss bank for around 1.2 billion euros ($1.31 billion), saying that it "sees significant value potential" in UBS after its takeover of Credit Suisse.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, Blackstone (BX) will divest its nearly 24% stake in India's Embassy Office Parks REIT in a deal valued at $833 million, according to media reports Tuesday. US Bank (USB) will pay almost $21 million in fines levied by federal regulators after it kept thousands of out-of-work customers from accessing unemployment benefits deposited into their accounts during the COVID-19 pandemic in 2020 and 2021, according to a statement Tuesday from the Consumer Financial Protection Bureau. Marathon Digital (MARA) jumped past 10% after it said Tuesday it has agreed to buy two operational Bitcoin mining sites, totaling 390 megawatts of capacity, from subsidiaries of Generate Capital for $178.6 million in cash. | Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index 0.8% higher and the Financial Select Sector SPDR Fund (XLF) up 0.6%. The Philadelphia Housing Index was up 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.7%. Building permits fell 2.5% to a 1.46 million rate in November, versus expectations for 1.465 million and 1.498 million in the previous month. | Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index 0.8% higher and the Financial Select Sector SPDR Fund (XLF) up 0.6%. In economic news, November housing starts jumped almost 15% sequentially to a 1.56 million annual rate, above expectations compiled by Bloomberg for 1.36 million and 1.359 million in October. Building permits fell 2.5% to a 1.46 million rate in November, versus expectations for 1.465 million and 1.498 million in the previous month. | Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index 0.8% higher and the Financial Select Sector SPDR Fund (XLF) up 0.6%. Bitcoin (BTC-USD) was declining 0.9% to $42,284, and the yield for 10-year US Treasuries was dropping 3 basis points to 3.92%. Blackstone shares rose 1.3%. | b090949e-c951-438a-94bd-853e3fa1fddd |
710669.0 | 2023-12-16 04:00:00 UTC | How to Find the Best Top-Ranked Stocks to Buy in 2024 | DCOMP | https://www.nasdaq.com/articles/how-to-find-the-best-top-ranked-stocks-to-buy-in-2024 | nan | nan | Stocks keep climbing heading into Christmas as money pours into the market across various sectors. Even hard-hit areas such as solar and beyond have rebounded heavily in recent weeks as Wall Street ramps up its bets on Fed cuts in 2024.
The S&P 500 is on the cusp of posting fresh all-time highs. Yet, markets never go straight up and a cooldown will be welcome at some point.
Thankfully, any near-term dips might be bought up quickly since more money is chasing stocks as rates fade and big Wall Street money managers and retail investors alike add exposure to stocks to make sure they don’t miss out on what could be a sustained rally in 2024.
The bullish backdrop heading into Christmas and 2024 might have investors looking for top-ranked stocks to buy right now. Here is how to utilize the Filtered Zacks Rank 5 Stock Screen to help find potentially winning stocks to buy to close out December and throughout 2024.
Zacks Rank #1 (Strong Buy) stocks outperform the market in both good and bad times. However, there are over 200 stocks that earn a Zacks Rank #1 at any given time. Therefore, it’s helpful to understand how to apply filters to the Zacks Rank in order to narrow the list down to a more manageable and tradable set of stocks.
Parameters
Clearly, there are only three items on this screen. But together, these three filters can result in some impressive returns.
• Zacks Rank equal to 1
Starting with a Zacks Rank #1 is often a strong jumping off point because it boasts an average annual return of roughly 24.4% per year since 1988.
• % Change (Q1) Est. over 4 Weeks greater than 0
Positive current quarter estimate revisions over the last four weeks.
• % Broker Rating Change over 4 Week equal to Top # 5
Top 5 stocks with the best average broker rating changes over the last four weeks.
This strategy comes loaded with the Research Wizard and is called bt_sow_filtered zacks rank5. It can be found in the SoW (Screen of the Week) folder.
Here is one of the five stocks that qualified for the Filtered Zacks Rank 5 strategy today…
Insulet Corporation (PODD)
Insulet Corporation is a medical device company focused on helping people with diabetes and some other conditions. Insulet’s core offering is the Omnipod Insulin Management System. Its wearable insulin pumps provide up to three days of non-stop insulin delivery and integrate with continuous glucose monitors. Insulet’s addressable market is expanding even though 1 in 10 Americans already have diabetes because far more currently have prediabetes. Diabetes is also on the rise outside of the U.S.
Insulet's devices are part of a wave of connected health technologies that might become standard care in the future. Insulet is attempting to expand its reach by tailoring its Omnipod technology platform for the delivery of non-insulin subcutaneous drugs across other therapeutic areas. Insulet has crushed our bottom line estimates by an average of 105% over the trailing four quarters, including a big beat and raise third quarter.
Image Source: Zacks Investment Research
Insulet’s earnings outlook has surged since then to continue a large upswing in its earnings outlook since the start of 2023. PODD’s most accurate/most recent estimates came in solidly above consensus. PODD’s overall upbeat earnings revisions help it earn a Zacks Rank #1 (Strong Buy).
Zacks estimates call for PODD’s revenue to climb by 26% this year and another 20% next year from $1.31 billion last year to roughly $2 billion in 2024. The company is projected to boost its adjusted earnings from $0.07 a share to +$1.91 this year and then climb another 30% higher next year.
PODD stock has soared over 50% since its strong Q3 report in early November to help it retake its 50-day moving average. Insulet, however, still trades 35% below its highs from earlier this year. PODD stock got caught up in a wave of selling based on the idea that the growing popularity of weight loss drugs would lead to fewer health issues.
Insulet’s recent results and outlook helped dispel many of those fears. PODD is still up 480% in the past decade and it is attempting to retake its long-term 200-week and 50-week moving averages. Insulet’s PEG ratio, which factors in its earnings growth outlook, has PODD trading at a discount 60% discount to its five-year highs and solidly below its industry at 2.2 vs. 2.4.
Get the rest of the stocks on this list and start looking for the newest companies that fit these criteria. It's easy to do. And it could help you find your next big winner. Start screening for these companies today with a free trial to the Research Wizard. You can do it.
Click here to sign up for a free trial to the Research Wizard today.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance_disclosure/
Zacks' Super Screen
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In fact, our top 10 screens substantially outperformed the market with an average gain of +36.1%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Even hard-hit areas such as solar and beyond have rebounded heavily in recent weeks as Wall Street ramps up its bets on Fed cuts in 2024. Insulet is attempting to expand its reach by tailoring its Omnipod technology platform for the delivery of non-insulin subcutaneous drugs across other therapeutic areas. PODD stock got caught up in a wave of selling based on the idea that the growing popularity of weight loss drugs would lead to fewer health issues. | • % Broker Rating Change over 4 Week equal to Top # 5 Top 5 stocks with the best average broker rating changes over the last four weeks. Here is one of the five stocks that qualified for the Filtered Zacks Rank 5 strategy today… Insulet Corporation (PODD) Insulet Corporation is a medical device company focused on helping people with diabetes and some other conditions. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. | Here is how to utilize the Filtered Zacks Rank 5 Stock Screen to help find potentially winning stocks to buy to close out December and throughout 2024. • Zacks Rank equal to 1 Starting with a Zacks Rank #1 is often a strong jumping off point because it boasts an average annual return of roughly 24.4% per year since 1988. Here is one of the five stocks that qualified for the Filtered Zacks Rank 5 strategy today… Insulet Corporation (PODD) Insulet Corporation is a medical device company focused on helping people with diabetes and some other conditions. | • Zacks Rank equal to 1 Starting with a Zacks Rank #1 is often a strong jumping off point because it boasts an average annual return of roughly 24.4% per year since 1988. • % Broker Rating Change over 4 Week equal to Top # 5 Top 5 stocks with the best average broker rating changes over the last four weeks. Start screening for these companies today with a free trial to the Research Wizard. | a9a7fa06-ebfc-42cd-953b-00db16b38d29 |
710670.0 | 2023-12-16 04:00:00 UTC | Notable Tuesday Option Activity: HAE, ABT, AZO | DCOMP | https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-hae-abt-azo | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Haemonetics Corp. (Symbol: HAE), where a total of 1,102 contracts have traded so far, representing approximately 110,200 underlying shares. That amounts to about 41.5% of HAE's average daily trading volume over the past month of 265,590 shares. Particularly high volume was seen for the $85 strike put option expiring February 16, 2024, with 388 contracts trading so far today, representing approximately 38,800 underlying shares of HAE. Below is a chart showing HAE's trailing twelve month trading history, with the $85 strike highlighted in orange:
Abbott Laboratories (Symbol: ABT) options are showing a volume of 25,083 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 41.2% of ABT's average daily trading volume over the past month, of 6.1 million shares. Particularly high volume was seen for the $110 strike call option expiring December 22, 2023, with 16,065 contracts trading so far today, representing approximately 1.6 million underlying shares of ABT. Below is a chart showing ABT's trailing twelve month trading history, with the $110 strike highlighted in orange:
And AutoZone, Inc. (Symbol: AZO) saw options trading volume of 657 contracts, representing approximately 65,700 underlying shares or approximately 40.8% of AZO's average daily trading volume over the past month, of 161,070 shares. Especially high volume was seen for the $2140 strike put option expiring January 17, 2025, with 110 contracts trading so far today, representing approximately 11,000 underlying shares of AZO. Below is a chart showing AZO's trailing twelve month trading history, with the $2140 strike highlighted in orange:
For the various different available expirations for HAE options, ABT options, or AZO options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Warren Buffett Bank Stocks
Top Ten Hedge Funds Holding IDR
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Particularly high volume was seen for the $85 strike put option expiring February 16, 2024, with 388 contracts trading so far today, representing approximately 38,800 underlying shares of HAE. Particularly high volume was seen for the $110 strike call option expiring December 22, 2023, with 16,065 contracts trading so far today, representing approximately 1.6 million underlying shares of ABT. Especially high volume was seen for the $2140 strike put option expiring January 17, 2025, with 110 contracts trading so far today, representing approximately 11,000 underlying shares of AZO. | Below is a chart showing HAE's trailing twelve month trading history, with the $85 strike highlighted in orange: Abbott Laboratories (Symbol: ABT) options are showing a volume of 25,083 contracts thus far today. Particularly high volume was seen for the $110 strike call option expiring December 22, 2023, with 16,065 contracts trading so far today, representing approximately 1.6 million underlying shares of ABT. Below is a chart showing ABT's trailing twelve month trading history, with the $110 strike highlighted in orange: And AutoZone, Inc. (Symbol: AZO) saw options trading volume of 657 contracts, representing approximately 65,700 underlying shares or approximately 40.8% of AZO's average daily trading volume over the past month, of 161,070 shares. | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Haemonetics Corp. (Symbol: HAE), where a total of 1,102 contracts have traded so far, representing approximately 110,200 underlying shares. Particularly high volume was seen for the $110 strike call option expiring December 22, 2023, with 16,065 contracts trading so far today, representing approximately 1.6 million underlying shares of ABT. Below is a chart showing ABT's trailing twelve month trading history, with the $110 strike highlighted in orange: And AutoZone, Inc. (Symbol: AZO) saw options trading volume of 657 contracts, representing approximately 65,700 underlying shares or approximately 40.8% of AZO's average daily trading volume over the past month, of 161,070 shares. | Particularly high volume was seen for the $85 strike put option expiring February 16, 2024, with 388 contracts trading so far today, representing approximately 38,800 underlying shares of HAE. Below is a chart showing ABT's trailing twelve month trading history, with the $110 strike highlighted in orange: And AutoZone, Inc. (Symbol: AZO) saw options trading volume of 657 contracts, representing approximately 65,700 underlying shares or approximately 40.8% of AZO's average daily trading volume over the past month, of 161,070 shares. Below is a chart showing AZO's trailing twelve month trading history, with the $2140 strike highlighted in orange: For the various different available expirations for HAE options, ABT options, or AZO options, visit StockOptionsChannel.com. | a521b89d-7531-4cc1-bfcb-fb544d59454d |
710671.0 | 2023-12-16 04:00:00 UTC | Notable Tuesday Option Activity: KEX, BILL, AMR | DCOMP | https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-kex-bill-amr | nan | nan | Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Kirby Corp. (Symbol: KEX), where a total volume of 3,076 contracts has been traded thus far today, a contract volume which is representative of approximately 307,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.5% of KEX's average daily trading volume over the past month, of 430,105 shares. Especially high volume was seen for the $80 strike call option expiring January 19, 2024, with 1,555 contracts trading so far today, representing approximately 155,500 underlying shares of KEX. Below is a chart showing KEX's trailing twelve month trading history, with the $80 strike highlighted in orange:
BILL Holdings Inc (Symbol: BILL) options are showing a volume of 16,529 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 71% of BILL's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $91 strike call option expiring December 22, 2023, with 3,778 contracts trading so far today, representing approximately 377,800 underlying shares of BILL. Below is a chart showing BILL's trailing twelve month trading history, with the $91 strike highlighted in orange:
And Alpha Metallurgical Resources Inc (Symbol: AMR) saw options trading volume of 2,053 contracts, representing approximately 205,300 underlying shares or approximately 69.6% of AMR's average daily trading volume over the past month, of 295,075 shares. Particularly high volume was seen for the $350 strike call option expiring January 19, 2024, with 342 contracts trading so far today, representing approximately 34,200 underlying shares of AMR. Below is a chart showing AMR's trailing twelve month trading history, with the $350 strike highlighted in orange:
For the various different available expirations for KEX options, BILL options, or AMR options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Especially high volume was seen for the $80 strike call option expiring January 19, 2024, with 1,555 contracts trading so far today, representing approximately 155,500 underlying shares of KEX. Especially high volume was seen for the $91 strike call option expiring December 22, 2023, with 3,778 contracts trading so far today, representing approximately 377,800 underlying shares of BILL. Particularly high volume was seen for the $350 strike call option expiring January 19, 2024, with 342 contracts trading so far today, representing approximately 34,200 underlying shares of AMR. | Especially high volume was seen for the $80 strike call option expiring January 19, 2024, with 1,555 contracts trading so far today, representing approximately 155,500 underlying shares of KEX. Below is a chart showing KEX's trailing twelve month trading history, with the $80 strike highlighted in orange: BILL Holdings Inc (Symbol: BILL) options are showing a volume of 16,529 contracts thus far today. Below is a chart showing BILL's trailing twelve month trading history, with the $91 strike highlighted in orange: And Alpha Metallurgical Resources Inc (Symbol: AMR) saw options trading volume of 2,053 contracts, representing approximately 205,300 underlying shares or approximately 69.6% of AMR's average daily trading volume over the past month, of 295,075 shares. | Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Kirby Corp. (Symbol: KEX), where a total volume of 3,076 contracts has been traded thus far today, a contract volume which is representative of approximately 307,600 underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $80 strike call option expiring January 19, 2024, with 1,555 contracts trading so far today, representing approximately 155,500 underlying shares of KEX. Below is a chart showing BILL's trailing twelve month trading history, with the $91 strike highlighted in orange: And Alpha Metallurgical Resources Inc (Symbol: AMR) saw options trading volume of 2,053 contracts, representing approximately 205,300 underlying shares or approximately 69.6% of AMR's average daily trading volume over the past month, of 295,075 shares. | Especially high volume was seen for the $91 strike call option expiring December 22, 2023, with 3,778 contracts trading so far today, representing approximately 377,800 underlying shares of BILL. Below is a chart showing BILL's trailing twelve month trading history, with the $91 strike highlighted in orange: And Alpha Metallurgical Resources Inc (Symbol: AMR) saw options trading volume of 2,053 contracts, representing approximately 205,300 underlying shares or approximately 69.6% of AMR's average daily trading volume over the past month, of 295,075 shares. Particularly high volume was seen for the $350 strike call option expiring January 19, 2024, with 342 contracts trading so far today, representing approximately 34,200 underlying shares of AMR. | 6fa12c8e-0dd4-42ef-aa66-6fae567b3f2e |
710672.0 | 2023-12-16 04:00:00 UTC | Notable Tuesday Option Activity: LNTH, LQDA, ADI | DCOMP | https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-lnth-lqda-adi | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Lantheus Holdings Inc (Symbol: LNTH), where a total of 5,807 contracts have traded so far, representing approximately 580,700 underlying shares. That amounts to about 43.6% of LNTH's average daily trading volume over the past month of 1.3 million shares. Especially high volume was seen for the $60 strike call option expiring January 19, 2024, with 1,043 contracts trading so far today, representing approximately 104,300 underlying shares of LNTH. Below is a chart showing LNTH's trailing twelve month trading history, with the $60 strike highlighted in orange:
Liquidia Corp (Symbol: LQDA) options are showing a volume of 3,111 contracts thus far today. That number of contracts represents approximately 311,100 underlying shares, working out to a sizeable 42.9% of LQDA's average daily trading volume over the past month, of 724,665 shares. Particularly high volume was seen for the $5 strike put option expiring April 19, 2024, with 1,606 contracts trading so far today, representing approximately 160,600 underlying shares of LQDA. Below is a chart showing LQDA's trailing twelve month trading history, with the $5 strike highlighted in orange:
And Analog Devices Inc (Symbol: ADI) options are showing a volume of 14,862 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 42.6% of ADI's average daily trading volume over the past month, of 3.5 million shares. Especially high volume was seen for the $187.50 strike put option expiring January 19, 2024, with 5,041 contracts trading so far today, representing approximately 504,100 underlying shares of ADI. Below is a chart showing ADI's trailing twelve month trading history, with the $187.50 strike highlighted in orange:
For the various different available expirations for LNTH options, LQDA options, or ADI options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Especially high volume was seen for the $60 strike call option expiring January 19, 2024, with 1,043 contracts trading so far today, representing approximately 104,300 underlying shares of LNTH. Particularly high volume was seen for the $5 strike put option expiring April 19, 2024, with 1,606 contracts trading so far today, representing approximately 160,600 underlying shares of LQDA. Especially high volume was seen for the $187.50 strike put option expiring January 19, 2024, with 5,041 contracts trading so far today, representing approximately 504,100 underlying shares of ADI. | Below is a chart showing LNTH's trailing twelve month trading history, with the $60 strike highlighted in orange: Liquidia Corp (Symbol: LQDA) options are showing a volume of 3,111 contracts thus far today. That number of contracts represents approximately 311,100 underlying shares, working out to a sizeable 42.9% of LQDA's average daily trading volume over the past month, of 724,665 shares. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 42.6% of ADI's average daily trading volume over the past month, of 3.5 million shares. | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Lantheus Holdings Inc (Symbol: LNTH), where a total of 5,807 contracts have traded so far, representing approximately 580,700 underlying shares. Especially high volume was seen for the $187.50 strike put option expiring January 19, 2024, with 5,041 contracts trading so far today, representing approximately 504,100 underlying shares of ADI. Below is a chart showing ADI's trailing twelve month trading history, with the $187.50 strike highlighted in orange: For the various different available expirations for LNTH options, LQDA options, or ADI options, visit StockOptionsChannel.com. | Especially high volume was seen for the $60 strike call option expiring January 19, 2024, with 1,043 contracts trading so far today, representing approximately 104,300 underlying shares of LNTH. That number of contracts represents approximately 311,100 underlying shares, working out to a sizeable 42.9% of LQDA's average daily trading volume over the past month, of 724,665 shares. Below is a chart showing ADI's trailing twelve month trading history, with the $187.50 strike highlighted in orange: For the various different available expirations for LNTH options, LQDA options, or ADI options, visit StockOptionsChannel.com. | ea68bbce-8749-402b-81a9-63ea58c6c3d8 |
710673.0 | 2023-12-16 04:00:00 UTC | Notable Tuesday Option Activity: MO, BATRK, CWH | DCOMP | https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-mo-batrk-cwh | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Altria Group Inc (Symbol: MO), where a total of 276,122 contracts have traded so far, representing approximately 27.6 million underlying shares. That amounts to about 307.5% of MO's average daily trading volume over the past month of 9.0 million shares. Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 67,832 contracts trading so far today, representing approximately 6.8 million underlying shares of MO. Below is a chart showing MO's trailing twelve month trading history, with the $40 strike highlighted in orange:
Atlanta Braves Holdings Inc (Symbol: BATRK) options are showing a volume of 7,014 contracts thus far today. That number of contracts represents approximately 701,400 underlying shares, working out to a sizeable 268.2% of BATRK's average daily trading volume over the past month, of 261,510 shares. Especially high volume was seen for the $45 strike call option expiring February 16, 2024, with 6,754 contracts trading so far today, representing approximately 675,400 underlying shares of BATRK. Below is a chart showing BATRK's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Camping World Holdings Inc (Symbol: CWH) options are showing a volume of 19,585 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 233.4% of CWH's average daily trading volume over the past month, of 839,115 shares. Particularly high volume was seen for the $16 strike put option expiring March 15, 2024, with 3,653 contracts trading so far today, representing approximately 365,300 underlying shares of CWH. Below is a chart showing CWH's trailing twelve month trading history, with the $16 strike highlighted in orange:
For the various different available expirations for MO options, BATRK options, or CWH options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 67,832 contracts trading so far today, representing approximately 6.8 million underlying shares of MO. Especially high volume was seen for the $45 strike call option expiring February 16, 2024, with 6,754 contracts trading so far today, representing approximately 675,400 underlying shares of BATRK. Particularly high volume was seen for the $16 strike put option expiring March 15, 2024, with 3,653 contracts trading so far today, representing approximately 365,300 underlying shares of CWH. | Below is a chart showing MO's trailing twelve month trading history, with the $40 strike highlighted in orange: Atlanta Braves Holdings Inc (Symbol: BATRK) options are showing a volume of 7,014 contracts thus far today. Below is a chart showing BATRK's trailing twelve month trading history, with the $45 strike highlighted in orange: And Camping World Holdings Inc (Symbol: CWH) options are showing a volume of 19,585 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 233.4% of CWH's average daily trading volume over the past month, of 839,115 shares. | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Altria Group Inc (Symbol: MO), where a total of 276,122 contracts have traded so far, representing approximately 27.6 million underlying shares. Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 67,832 contracts trading so far today, representing approximately 6.8 million underlying shares of MO. Below is a chart showing CWH's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for MO options, BATRK options, or CWH options, visit StockOptionsChannel.com. | Especially high volume was seen for the $40 strike call option expiring January 19, 2024, with 67,832 contracts trading so far today, representing approximately 6.8 million underlying shares of MO. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 233.4% of CWH's average daily trading volume over the past month, of 839,115 shares. Below is a chart showing CWH's trailing twelve month trading history, with the $16 strike highlighted in orange: For the various different available expirations for MO options, BATRK options, or CWH options, visit StockOptionsChannel.com. | 04053bf1-badd-4a85-b60d-5056abba3ac4 |
710674.0 | 2023-12-16 04:00:00 UTC | Noteworthy Tuesday Option Activity: UWMC, AAPL, LADR | DCOMP | https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-uwmc-aapl-ladr | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in UWM Holdings Corp (Symbol: UWMC), where a total of 10,543 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 83.1% of UWMC's average daily trading volume over the past month of 1.3 million shares. Particularly high volume was seen for the $8 strike call option expiring February 16, 2024, with 3,592 contracts trading so far today, representing approximately 359,200 underlying shares of UWMC. Below is a chart showing UWMC's trailing twelve month trading history, with the $8 strike highlighted in orange:
Apple Inc (Symbol: AAPL) saw options trading volume of 431,327 contracts, representing approximately 43.1 million underlying shares or approximately 82% of AAPL's average daily trading volume over the past month, of 52.6 million shares. Especially high volume was seen for the $197.50 strike call option expiring December 22, 2023, with 52,121 contracts trading so far today, representing approximately 5.2 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $197.50 strike highlighted in orange:
And Ladder Capital Corp (Symbol: LADR) options are showing a volume of 5,118 contracts thus far today. That number of contracts represents approximately 511,800 underlying shares, working out to a sizeable 74.1% of LADR's average daily trading volume over the past month, of 690,920 shares. Particularly high volume was seen for the $10 strike put option expiring May 17, 2024, with 5,049 contracts trading so far today, representing approximately 504,900 underlying shares of LADR. Below is a chart showing LADR's trailing twelve month trading history, with the $10 strike highlighted in orange:
For the various different available expirations for UWMC options, AAPL options, or LADR options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Particularly high volume was seen for the $8 strike call option expiring February 16, 2024, with 3,592 contracts trading so far today, representing approximately 359,200 underlying shares of UWMC. Especially high volume was seen for the $197.50 strike call option expiring December 22, 2023, with 52,121 contracts trading so far today, representing approximately 5.2 million underlying shares of AAPL. Particularly high volume was seen for the $10 strike put option expiring May 17, 2024, with 5,049 contracts trading so far today, representing approximately 504,900 underlying shares of LADR. | Below is a chart showing UWMC's trailing twelve month trading history, with the $8 strike highlighted in orange: Apple Inc (Symbol: AAPL) saw options trading volume of 431,327 contracts, representing approximately 43.1 million underlying shares or approximately 82% of AAPL's average daily trading volume over the past month, of 52.6 million shares. Especially high volume was seen for the $197.50 strike call option expiring December 22, 2023, with 52,121 contracts trading so far today, representing approximately 5.2 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $197.50 strike highlighted in orange: And Ladder Capital Corp (Symbol: LADR) options are showing a volume of 5,118 contracts thus far today. | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in UWM Holdings Corp (Symbol: UWMC), where a total of 10,543 contracts have traded so far, representing approximately 1.1 million underlying shares. Below is a chart showing UWMC's trailing twelve month trading history, with the $8 strike highlighted in orange: Apple Inc (Symbol: AAPL) saw options trading volume of 431,327 contracts, representing approximately 43.1 million underlying shares or approximately 82% of AAPL's average daily trading volume over the past month, of 52.6 million shares. Especially high volume was seen for the $197.50 strike call option expiring December 22, 2023, with 52,121 contracts trading so far today, representing approximately 5.2 million underlying shares of AAPL. | Below is a chart showing UWMC's trailing twelve month trading history, with the $8 strike highlighted in orange: Apple Inc (Symbol: AAPL) saw options trading volume of 431,327 contracts, representing approximately 43.1 million underlying shares or approximately 82% of AAPL's average daily trading volume over the past month, of 52.6 million shares. Especially high volume was seen for the $197.50 strike call option expiring December 22, 2023, with 52,121 contracts trading so far today, representing approximately 5.2 million underlying shares of AAPL. Below is a chart showing LADR's trailing twelve month trading history, with the $10 strike highlighted in orange: For the various different available expirations for UWMC options, AAPL options, or LADR options, visit StockOptionsChannel.com. | 2327af60-704e-4709-9751-3dc700c92e4c |
710675.0 | 2023-12-16 04:00:00 UTC | Notable Tuesday Option Activity: WYNN, AFRM, BOWL | DCOMP | https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-wynn-afrm-bowl | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Wynn Resorts Ltd (Symbol: WYNN), where a total of 29,685 contracts have traded so far, representing approximately 3.0 million underlying shares. That amounts to about 135.6% of WYNN's average daily trading volume over the past month of 2.2 million shares. Particularly high volume was seen for the $110 strike put option expiring January 19, 2024, with 1,490 contracts trading so far today, representing approximately 149,000 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $110 strike highlighted in orange:
Affirm Holdings Inc (Symbol: AFRM) saw options trading volume of 298,360 contracts, representing approximately 29.8 million underlying shares or approximately 118.7% of AFRM's average daily trading volume over the past month, of 25.1 million shares. Especially high volume was seen for the $50 strike call option expiring December 22, 2023, with 19,029 contracts trading so far today, representing approximately 1.9 million underlying shares of AFRM. Below is a chart showing AFRM's trailing twelve month trading history, with the $50 strike highlighted in orange:
And Bowlero Corp (Symbol: BOWL) saw options trading volume of 10,761 contracts, representing approximately 1.1 million underlying shares or approximately 112.6% of BOWL's average daily trading volume over the past month, of 955,460 shares. Particularly high volume was seen for the $12.50 strike call option expiring February 16, 2024, with 4,955 contracts trading so far today, representing approximately 495,500 underlying shares of BOWL. Below is a chart showing BOWL's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
For the various different available expirations for WYNN options, AFRM options, or BOWL options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Particularly high volume was seen for the $110 strike put option expiring January 19, 2024, with 1,490 contracts trading so far today, representing approximately 149,000 underlying shares of WYNN. Especially high volume was seen for the $50 strike call option expiring December 22, 2023, with 19,029 contracts trading so far today, representing approximately 1.9 million underlying shares of AFRM. Particularly high volume was seen for the $12.50 strike call option expiring February 16, 2024, with 4,955 contracts trading so far today, representing approximately 495,500 underlying shares of BOWL. | Below is a chart showing WYNN's trailing twelve month trading history, with the $110 strike highlighted in orange: Affirm Holdings Inc (Symbol: AFRM) saw options trading volume of 298,360 contracts, representing approximately 29.8 million underlying shares or approximately 118.7% of AFRM's average daily trading volume over the past month, of 25.1 million shares. Below is a chart showing AFRM's trailing twelve month trading history, with the $50 strike highlighted in orange: And Bowlero Corp (Symbol: BOWL) saw options trading volume of 10,761 contracts, representing approximately 1.1 million underlying shares or approximately 112.6% of BOWL's average daily trading volume over the past month, of 955,460 shares. Today's Most Active Call & Put Options of the S&P 500 » Also see: Best Closed End Funds Top Ten Hedge Funds Holding CRON Top Ten Hedge Funds Holding AKRX The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Wynn Resorts Ltd (Symbol: WYNN), where a total of 29,685 contracts have traded so far, representing approximately 3.0 million underlying shares. Below is a chart showing WYNN's trailing twelve month trading history, with the $110 strike highlighted in orange: Affirm Holdings Inc (Symbol: AFRM) saw options trading volume of 298,360 contracts, representing approximately 29.8 million underlying shares or approximately 118.7% of AFRM's average daily trading volume over the past month, of 25.1 million shares. Below is a chart showing AFRM's trailing twelve month trading history, with the $50 strike highlighted in orange: And Bowlero Corp (Symbol: BOWL) saw options trading volume of 10,761 contracts, representing approximately 1.1 million underlying shares or approximately 112.6% of BOWL's average daily trading volume over the past month, of 955,460 shares. | Below is a chart showing WYNN's trailing twelve month trading history, with the $110 strike highlighted in orange: Affirm Holdings Inc (Symbol: AFRM) saw options trading volume of 298,360 contracts, representing approximately 29.8 million underlying shares or approximately 118.7% of AFRM's average daily trading volume over the past month, of 25.1 million shares. Especially high volume was seen for the $50 strike call option expiring December 22, 2023, with 19,029 contracts trading so far today, representing approximately 1.9 million underlying shares of AFRM. Below is a chart showing AFRM's trailing twelve month trading history, with the $50 strike highlighted in orange: And Bowlero Corp (Symbol: BOWL) saw options trading volume of 10,761 contracts, representing approximately 1.1 million underlying shares or approximately 112.6% of BOWL's average daily trading volume over the past month, of 955,460 shares. | 31519ad6-3eb0-4ace-8d60-cc5e9b6179ad |
710676.0 | 2023-12-16 04:00:00 UTC | Organigram (OGI) Q4 2023 Earnings Call Transcript | DCOMP | https://www.nasdaq.com/articles/organigram-ogi-q4-2023-earnings-call-transcript | nan | nan | Image source: The Motley Fool.
Organigram (NASDAQ: OGI)
Q4 2023 Earnings Call
Dec 19, 2023, 8:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Organigram Holdings fourth quarter and fiscal 2023earnings conference call All lines have been placed on mute to prevent any background noise.
After the speakers' remarks, there will be a question-and-answer session. We ask to please limit yourself to one question and one follow-up question. You may requeue if you have further questions. Thank you.
Max Schwartz, you may begin your conference.
Max Schwartz -- Director of Investor Relations
Thank you. Good morning and thank you for joining us today. As a reminder, this conference call is being recorded and the recording will be available on Organigram's website 24 hours after today's call. Listeners should be aware that today's call will include estimates and other forward-looking information from which the company's actual results could differ, so please review the cautionary language in our press release dated December 19, 2023 on various factors, assumptions, and risks that could cause our actual results to differ.
Further, reference will be made to certain non-IFRS measures during this call, including adjusted EBITDA, free cash flow, and adjusted gross margin, among others. These measures do not have any standardized meaning under IFRS and are intended to provide additional information and, as such, should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Our approach to calculating these measures may differ from other issuers, so these measures may not be directly comparable. Please see today's earnings report for more information about these measures.
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Listeners should also be aware that the company relies on reputable third-party providers when making certain statements relating to market share data. Unless otherwise indicated, all references to market data are sourced from Hifyre, in combination with data from Weedcrawler, provincial boards, retailers, and our internal sales figures. I'll now turn -- I will now introduce Beena Goldenberg, chief executive officer of Organigram Holdings Inc. Please go ahead, Ms.
Goldenberg.
Beena Goldenberg -- Chief Executive Officer
Thank you and good morning, everyone. With me today is our chief commercial officer, Tim Emberg; and chief strategy officer and interim chief financial officer, Paolo De Luca. By way of reminder, Paolo has served as the company's CFO for over two years, including calendars 2018 and 2019. I'd like to take a moment to thank Derrick West for his contributions to Organigram in his time as our chief financial officer.
All of us at Organigram wish him the best of luck as he takes time to focus on his health and recovery following a recent surgery. Additionally, as you likely saw in our press release yesterday, we are pleased to announce the appointment of Greg Guyatt as our new CFO as of January 8, 2024. Greg joins us from Phoena, where he held the positions of CFO and CEO. Previously, he was CFO at Greenspace Brands and held various senior finance positions at Kingsett Capital and Sears Canada.
We look forward to welcoming Greg to the team in January and would like to thank Paolo for stepping in as interim CFO in Derrick's absence. We will now discuss Organigram's performance for Q4 and full year fiscal 2023. We are pleased with Organigram's progress throughout fiscal '23, and I'm proud to say that we have continued to differentiate ourselves as Canada's leading pure-play cannabis company. Despite a challenging regulatory and competitive landscape, which did contribute to a reduction in our bottom line during the second half of fiscal 2023, we have grown Organigram's market share through an unwavering focus on the consumer; our strong marketing and sales expertise; and of course, our keen focus on industry-leading innovation.
As you may have heard, Organigram won the coveted KIND Magazine Innovation of the Year award once again this year with our revolutionary Rip-Strip Hash. We previously won this award for our JOLTS ingestible extract product. These awards are truly a testament to our strength in developing disruptive new products that are designed specifically to meet the needs of our consumers. As anyone in the industry will tell you, branding and marketing are challenging in the Canadian landscape due to regulations.
And as a result, the consumer has been predominantly motivated by price and THC potency. This is one of the many difficulties that every LP in Canada faces. However, the engagement Organigram is seeing with its SHRED brand stands out with a community of loyal consumers who affectionately refer to themselves as SHRED Heads. SHRED is even in the final round for ADCANN's Social Media Brand of the Year, an accomplishment we're very proud of.
The success of this brand is owed to online and retail marketing and continued product innovation within the brand, including our revolutionary Rip-Strip Hash, whole-flower-derived THCV gummies, and our continued success in milled flower, where we command over 50% of the market. Consumers are increasingly seeking quality, novel, and differentiated experiencing -- experiences, which SHRED has built its reputation of consistently delivering. We've seen an impressive growth in several categories in fiscal '23 compared to the prior year. Shipped sales in gummies have doubled, propelling Organigram to the No.
1 position in this category during Q4 and the leading position in pure CBD gummies, achieving over 50% market share nationally. Earlier this year, we challenged the Health Canada determination stating that our JOLTS ingestible extracts, one of our higher-margin products, were improperly classified and subsequently removed from the market. The company made an application for judicial review. The Federal Court granted the application and determined that there was a breach of procedural fairness by Health Canada.
The matter was remitted back to Health Canada for redetermination. In the meantime and pending the outcome of final redetermination, JOLTS, which are now a patented Organigram product as of September, are back in the market. Earlier this year, we shifted our focus to growing our share of pre-roll category as ready-to-consume cannabis products are rapidly gaining momentum with Canadian consumers. To achieve this, part of our 2023 capex plan included commissioning Cantos rolling and CME packaging machines, which together are capable of producing over 2.8 million pre-rolls per month.
The response to our tube-style pre-rolls has been incredible. Consumers are impressed with everything from the aroma, packaging, and flavor, down to the rolling tightness and airflow of these joints. As a result, our pre-roll shipped sales growth between 2022 and 2023 was 54%, bringing us from the No. 10 market position in Q3 2023 to the No.
3 market position in the category by the year-end. The pre-roll category has seen 21.5% year-on-year growth. This growth has been driven primarily by two segments: infused pre-rolls, which grew 125%; and tube-style pre-rolls, which have grown 30%. Looking at the sales over the last three months ending November 30th, Organigram had the second-best sales per SKU of tube-style pre-rolls, indexing at nearly two times the market leader.
And since launching IPRs in Q3, we have achieved the No. 4 market position in the month of November. Now, we did absorb some order fulfillment challenges and cost inefficiencies during the ramp-up in the second half of 2023 due to a decision we made to accelerate the launch of these products to hit key seasonality. Given our clean balance sheet and cash position, we were able to make this competitive decision to increase penetration of the SHRED brand into these key growth segments.
We are already seeing improved fulfillment and throughput in our pre-roll production processes. Our aim is to continue to expand our pre-roll share while optimizing production to improve our margins in fiscal 2024. As we have said, consumer preferences are evolving, and we are beginning to see purchasing decisions that are driven more and more by preference for differentiated experiences. As the Canadian leader in innovation, we are extremely excited about our lineup of new products for 2024.
Part of this lineup is supported by our first U.S. strategic investment into Phylos conducted earlier this year. With exclusive access to Phylos' whole-flower-derived THCV, we plan to bring this novel cannabinoid to consumers in a variety of formats. It's important to note, this is not synthetic THCV.
Our THCV products will be enhanced by the natural entourage effect we see with other minor cannabinoids derived from extraction or included in flower with high enough concentrations. In 2024, Organigram customers will be able to experience whole-flower-derived THCV in edible, vape, and flower formats. Our SHRED'ems THCV gummy have been in market for only five months, and we are already seventh most -- we are already our seventh most popular gummy out of a portfolio of 13 by the end of the year. The experience of THCV is reported to be characteristically different from THC in that it has appetite-suppressant qualities and a more focused and energizing sensory experience.
We anticipate that the introduction of THCV in additional formats will help familiarize this novel cannabinoid for Canadian consumers. And according to Cannatrek, a large consumption tracking study, THCV awareness is already starting to build in Canada, which is very exciting. Beyond the benefit of THCV, our investment in Phylos has enabled us to begin the process of transitioning a portion of our facility to more advanced seed-based production through the completion of trials. Seed-based production is the preferred growth method in mature agricultural industries as it results in lower-cost grow operations and more robust stabilized genetics.
Organigram intends to establish itself as a Canadian leader in seed-based cannabis production as we roll out this initiative. Our goal is to convert 30% of our garden to seed-based by the end of fiscal 2024, delivering significant cost savings to the organization. Another target area for Organigram in fiscal 2024 is growth in the vapes category. Organigram made a strategic investment in Greentank in fiscal '23 in exchange for 18 months of exclusivity for their revolutionary hardware.
We are gearing up for launch of our whole-flower-derived THCV vape, as well as vapes outfitted with Greentank's cutting-edge vaporization technology, which reduces clogging, improves flavor and performance, and which we believe will increase the perceived potency of our vapes compared to other products in the market. There is a tremendous opportunity for Organigram to excel in vapes, and we intend to compete much more aggressively in this category in 2024. Part of Organigram's corporate DNA as a leader in innovation has been supported by BAT's $221 million investment into Organigram in 2021 and the resultant product development collaboration taking place in our Moncton facility. I'm pleased to say that we continue to make progress on fundamental science and formulations that will form the basis of our products moving forward.
Our nanotechnology formulation is being studied in a clinical setting with pharmacokinetic studies underway, which will provide Organigram with the ability to make claims regarding the onset and half-life of these products. Other workstreams are also underway to develop innovative technologies in the edible, vape, and beverage categories, in addition to new disruptive inhalation formats. BAT support has been a critical differentiator for Organigram. We have observed other strategic investors in the space over the years deploy significant capital only to sit on the sidelines.
Furthermore, many large strategic investors elected to opt out of providing further capital. On the other hand, we have seen our relationship with BAT evolve into something far more collaborative and complementary. This support was further demonstrated by BAT's recent follow-on investments of 140 -- $124.6 million into Organigram announced on November 6th. Approximately $83.1 million of this new investment is earmarked for Jupiter, a strategic investment pool managed by Organigram to increase its global footprint, while the remaining $41.5 million is allocated to general corporate purposes.
This investment is a win for Organigram, its shareholders, and the industry, in general, as we have shown that strategic capital is available to companies that show strong governance and disciplined capital stewardship. With no debt, capital for global expansion and general corporate purposes, as well as improving operational efficiencies, Organigram is positioned for long-term sustainable growth on the global cannabis stage. Now, I'd like to provide an update to the guidance we previously gave regarding our intention to achieve free cash flow by the end of calendar 2023. This timeline has been impacted by the acceleration of THC inflation in the Canadian marketplace and delays in international shipments that we believe would resume in Q4.
Regarding THC inflation, we are seeing -- we are still seeing an alarming level of fraudulent THC levels in flower products, supported by selective testing and lab shopping. Some milled flower products are now claiming over 30% THC, which we know is truly an unbelievable claim. Organigram continues to work with industry stakeholders to raise awareness of the THC inflation issue and to advocate for the consumer by working to establish guidelines for THC testing that contribute to a fair and even playing field for licensed producers. We applaud both Health Canada for their cannabis data gathering program and the OCS for their recently announced temporary THC testing efforts to uncover THC fraud.
And we look forward to seeing positive changes taking place in the market because of our joint efforts to address this growing concern. On the international front, Organigram had a record year, shipping $18.9 million in flower, versus $15.1 million in 2022, an increase of 25%. However, in fiscal Q3, we experienced a slowdown in international exports due to newly enforced testing requirements in Israel. We believe historical export volumes would resume in Q4.
However, we experienced delays relating to cultivar selection and shipping challenges. Our lower Q4 international sales did impact our margins, but we anticipate stronger demand for our products on the international stage as shipments to Australia and Israel are expected to resume in fiscal 2024. We will also begin building our export volumes to Europe as we signed two new supply agreements with Sanity Group in Germany and 4C Labs in the U.K. The potential for distributing our exclusive THCV cultivars abroad is also very exciting.
Lastly, our EU GMP application for our Moncton facility has been submitted, and we are expecting an audit process to begin in the new year. This is expected to shorten the turnaround time to get products in the hands of international medical patients while expanding opportunities to new markets. Beyond direct international sales, the creation of the Jupiter Investment Pool is expected to reward us with additional exposure to international markets by providing us with a wider array of strategic investment opportunities in the U.S. and other legal jurisdictions.
Operationally, in Moncton, fiscal 2023 was transformative. We harvested 87,000 kilograms, up from 54,000 kilograms in fiscal 2022, a 61% increase, and executed game-changing capex. We have invested in a variety of efficiency-improving and cost-cutting projects that will result in significant savings in fiscal 2024. To recap on some of these initiatives.
We have internalized some of our testing requirements. We implemented remediation in-house. We commissioned rapid drying machines, which has decreased drying time from seven to 10 days to two days while increasing the available footprint in our facility for hang-dried flower. We automated our SHRED packaging, which reduced headcount.
Our new Cantos pre-roll machine is producing tube-style pre-rolls at scale. And our new speed mixer has allowed us to infuse our milled cannabis for infused pre-rolls with distillate, diamonds, and botanical terpenes in a one-step process. With this $29 million 2023 capex spend behind us, we are now focusing on dialing in some of the newer processes we have put in place to drive further efficiencies. In fiscal 2023, we realized approximately $4.3 million in savings related to these initiatives.
In fiscal 2024, these enhancements will deliver an additional $4.6 million, and the conversion of a portion of our garden to seed-based production, along with other initiatives, are estimated to realize an additional $5.3 million in savings, to bring the total aggregate savings in fiscal 2024 to $10 million. At our hash and craft cannabis facility in Lac-Superieur, we just completed our first harvest resulting from the expansion of the facility. The 30,000-square-foot expansion is complete, with four net new grow rooms, three drying rooms, a 5,000-square-foot warehouse, and large packing area. We launched SHRED Rip-Strip, Holy Mountain, and Wo La pressed hash; Tremblant Black Afghan Hash and High Alpine Hash in fiscal 2023.
Our hash production earlier this year was about 100 kilograms to 150 kilograms of hash per month, up to a peak of 350 kilograms per month in Q4. Our focus at Lac-Superieur for fiscal 2024 will be on our continued performance in hash and optimizing our garden to produce high-quality, high-margin craft flower. And on that note, I'd like to turn the call over to Paolo to discuss our financial results for Q4 and fiscal 2024.
Paolo De Luca -- Interim Chief Financial Officer
Thank you, Beena. I'm pleased to be speaking here to you today. Before I go any further, I'd like to remind everyone that Organigram made a decision earlier in the year to change its fiscal year-end from August 31st to September 30th. We made this decision for a few reasons, including to align our quarters with more traditional fiscal quarters, which allows better comparisons to our other public peers; and also to ease operational efforts around shipping cutoffs and inventory counts.
We believe that this change will streamline financial reporting efforts over time. As a result of the company's change in its fiscal year-end from August 31st to September 30th and in order to bridge fiscal 2023 to fiscal 2024, the financial information presented here for the current quarterly period is for the four months from June 1, 2023 through September 30, 2023 and for the fiscal 2023 year consists of the 13 months from September 1, 2022 through September 30, 2023, whereas the comparative periods for 2022 are the three months from June 1, 2023 through August 31, 2023 and the 12 months from September 1, 2021 through August 31, 2022, respectively. Going forward, our quarters will now end with December, March, June, with September being our year-end. Year over year, gross and net revenue increased by 12% and 11%, respectively, primarily due to net increases in recreational revenue of 15.1 million and net increases in international revenue of 3.7 million, partially offset by a decrease in domestic medical sales.
In fiscal Q4, gross revenue increased by 9% and net revenue increased by 1% compared to Q4 fiscal 2022. The increases over the comparative periods were primarily due to the extended current period, offset by a decrease in international revenue in fiscal Q3 and Q4, as Beena mentioned. Price compression as a result of THC inflation did have an impact on the quarter. Year over year, cost of sales increased to 136.4 million from 119 million in fiscal 2022.
Organigram's cost of sales in Q4 fiscal '23 was 42.9 million, compared to 36.7 million in Q4 2022, an increase of 16%. The increase in the cost of sales over the same period -- prior-year period was primarily due to an increase in inventory provisions and sales volume in the adult-use recreational cannabis market. Included in Q4 fiscal '23 cost of sales was 4.8 million of inventory provisions that primarily related to NRV adjustments for whole flower now being used for derivative productions, including for kief -- for example, kief and extraction, with a smaller amount related to unsaleable inventories. We harvested approximately 28,000 kilos of flower during Q4 fiscal '23, compared to 16,000 kilos in Q4 2022, which represents an increase of 74%.
The increase was primarily attributable to the extra month of cultivation, but also the availability in '23 of increased cultivation planting and additional grow rooms being available. In Q3, we accelerated a change in the operational conditions for plant care to increase THC levels. This resulted in a decrease to plant yields, which had a negative impact to our cost of cultivation and which temporarily reduced the company's gross margins and gross margin rate. By the end of Q4, plant yields increased over 16% to 163 grams of plant from 141 grams of plant at the end of Q3, and average THC increased by 14% since fiscal 2022.
We continue to optimize growing conditions during Q4. While yields and THC content will fluctuate over time, the trend we have seen over the last six months has been larger yields and higher potency. These higher yields will reduce the cost of cultivation in the long run, as will the cost saving production initiatives being outlined earlier. As this flower is sold, we will achieve a higher gross margin rate and we expect to be able to have an overall lower cost of cultivation for fiscal '24 as a whole.
As I mentioned, month-to-month and quarter-to-quarter harvest yield and cost of cultivation will fluctuate for a variety of reasons, but the overall long-term trend has been a clear improvement. In fiscal '23, which includes the extra month, we harvested just under 90,000 kgs of flower, which even normalized for 12 months would be 83,000 kgs. That works out to approximately 6.9 thousand kgs a month. Our goal is -- in '24 to improve upon that 6.9 thousand average kilos a month average we saw in 2023.
Year over year, adjusted gross margin increased to 25%, or 40.2 million, up from 23% or 33.4 million in fiscal '22. The increase was primarily due to an increase in recreational revenue and international revenue, partially offset by a decrease in medical sales and the temporary cessation of JOLTS sales between April and September. On an adjusted basis, Q4 gross margin was 7.9 million, or 17% of net revenue, compared to 10.4 million or 23% in Q4 fiscal '22. The compression in adjusted gross margin was primarily attributable to price reductions that lowered net revenues, temporary higher flower costs, a decrease in international sales, and higher cost of sales per unit, which was correlated to higher inventory provisions for unsaleable inventories and net RV adjustments.
On a year-over-year basis, SG&A increased to 71.8 million, compared to 59.8 million in fiscal 2022. The increase in expenses mainly relates to the extended fiscal period, higher employee costs due to more G&A full-time employees to support the company's growth, general wage increases, and higher professional fees and higher technology costs, which included 7.7 million in ERP installation costs for the year. By way of comparison, ERP installation costs in fiscal '22 were 3.2 million. SG&A, excluding noncash share-based compensation, increased to 21.6 million in Q4 '23 from 15.7 million in Q4 '22.
The increase in expenses was primarily due to the extended fiscal period and, to a lesser degree, higher professional fees. ERP is also a factor in explaining Q4 '23 increase over Q4 '22. In 2023, Q4 ERP costs were 2.4 million in the period, versus 1.8 million in the prior period. We are pleased to report that the heavy lift on our current ERP implementation is mostly behind us and we have just over one point million -- 1 million budgeted for fiscal 2024, mostly in Q1 2024.
In fiscal '24, we anticipated some fluctuations in adjusted -- we anticipate some fluctuations in the adjusted EBITDA between quarterly periods, with stronger adjusted EBITDA metrics expected in the second half of the year as the company's production optimization of recent high-growth categories such as tube-style pre-rolls and infused pre-rolls is fully recognized in the financials. However, we remain confident in the upward trajectory of our earnings on an annualized basis, as seen over the last three fiscal years, supported by the newly enhanced production processes and cost saving initiatives Beena outlined and beginning international shipments to Germany and the U.K. while continuing to supply Australia and Israel. In the quarter, while adjusted EBITDA was negative 2.4 million, compared to positive 3.2 million in Q4 2022, on an annual basis, adjusted EBITDA in fiscal '23 increased to positive 6 million, compared to positive 3.5 million in fiscal '22, an increase of 71%.
On a year-over-year basis, SG&A increased to 72.4 million, compared to 59.8 million in fiscal '22. Net loss in fiscal '23 was 248.6 million, compared to 14.3 million in fiscal '22. The vast majority of the net loss for the year is attributable to full year impairment charges of 210 million, consisting of 165 million on property, plant, and equipment and 45 million on intangible assets and goodwill. Of these impairments, 191 million of the impairments were taken in Q3 and announced last quarter, of which, 38 million related to intangibles and goodwill and 153 million was attributable to PP&E.
The impairment test completed in Q3 was warranted by the company's market capitalization trading significantly below its shareholders' equity, combined with Q3 operational results. A meaningful contributing factor to the quantum of the impairment charge was related to the impact of flower sales and margins due to THC inflation. When considering the significant sales and margin that flower product categories collectively contribute to Organigram's financial results, this is a key driver to the amount of the impairment loss. It should be noted that all things remaining equal, impairment losses recorded on the company's PP&E will result in an improvement to the gross margin rate going forward.
In Q4, additional impairments were taken in the amounts of 11.6 million on PP&E and 7 million on intangibles, mainly due to refinements in the impairment model related to macro-, sector-, and company-specific assumption inputs. During Q4 '23, Organigram's net loss was 33 million, compared to a net loss of 6.1 million in Q4 '22. The increase in net loss was primarily due to the aforementioned impairment losses that collectively totaled 18.7 million in the quarter and, to a lesser extent, lower international revenue than previous quarters and the lingering effects of price compression. From a statement of cash flows perspective, net cash used in operating activities after working capital changes was 38.8 million in fiscal '23, compared to 36.2 million in the prior year.
The increase year over year includes higher R&D costs and higher ERP implementation costs, both of which are investments into the company's long-term success. Cash provided by investing activities in fiscal '23 was 4.9 million, compared to cash provided of 44 million in '22. Much of the explanation for the positive figures in both years is the redemption of short-term investments into cash. But on the outflow side, Organigram deployed 29 million in PP&E during the year and another 10 million related to the investments in Greentank and Phylos.
These expenditures are all geared to obtaining long-term competitive advantages and to drive productivity gains. In the previous fiscal year 2022, Organigram had invested 48.7 million in PP&E. Thus, 2023 represented in -- a reduction in PP&E investment, and 2024 will be a further reduction of the capex programs almost entirely complete now. This is a good news story for the company as we will now be in harvesting mode as we optimize all these additions to the company and are on the path to long-term sustainable margins.
In terms of our balance sheet, we are pleased to state that we have one of the healthiest balance sheets in the space. As of September 30, 2023, and by way of reminder, none of this takes into consideration the recently announced deal with BAT on the Jupiter private placement. We had unrestricted cash of 33.9 million and restricted cash of 17.9 million for a total cash position of 51.8 million, with negligible debt. While the company expects to report -- expects to continue to report growth in year-over-year adjusted EBITDA, periods when the company achieves significant increases in the sales will result in increases to receivables, and this will negatively impact cash from operating activities.
However, given that our major capex spends are now behind us, we are seeing increased yields, improving production efficiency, and are anticipating increases in international sales. Achieving free cash flow positivity in fiscal 2024 is an achievable target, which we are currently budgeting for in the second half of the year. Our existing cash balances already have us in a strong position. The BAT private placement expected to close in January will only buttress the company further.
We believe that balance sheet strength will be one of the key determinants of the long-term winners in the space, along with market share strength, operational efficiencies, and investment in R&D and product innovation. We also believe that balance sheet strength will offer financial flexibility as M&A and commercial opportunities increase in Canada as players struggle with debt loads; stretch payables, including unpaid excise taxes; and the inability to invest in automation and other production efficiencies needed to get down the cost curve in a highly competitive market. In short, many of the recent financial and strategic transactions that we've announced are geared with a view to sustainable, long-term, competitive advantages. This concludes my comments.
I will now turn the call back to Beena.
Beena Goldenberg -- Chief Executive Officer
Thanks, Paolo. And as Paolo just said, the Canadian industry continues to grow, yet is saddled by high excise taxes and restrictive regulations. We've seen LPs shuttering operations and entering creditor protection, while others are seeking short-term extensions on their maturing debts. Further, an astonishing number of LPs are in arrears on their excise taxes, and we are beginning to see the CRA hold these LPs accountable.
Given these issues, it is not surprising that some LPs would mislabel products to artificially inflate THC levels to increase sales. However, this is simply not sustainable, and we expect to see more of our peers struggle to survive in the coming year. Organigram continues to fortify itself as current market forces put pressure on the industry and is positioned to be highly opportunistic. To summarize our success against this backdrop, we've seen impressive growth in several product categories throughout 2023.
Despite the industry challenges, we defended our market share as our brands and market-leading innovations are continuing to resonate with consumers. Organigram ended the year in the No. 2 position among LPs in the recreational market. We were No.
1 in milled flower, No. 1 in hash, No. 1 in gummies, No. 3 in flower, and No.
3 in pre-rolls. We invested heavily in cost-cutting and efficiency-driving projects in our facilities to help us realize additional savings for fiscal 2024. We also invested strategically to acquire rights to technologies like Greentank's vaporization hardware and Phylos' seed-based genetics. Our focus is now on further strengthening our pre-roll offerings and shifting toward winning in the vape category while introducing products in the higher-margin craft flower market.
The recently announced $124.6 million follow-on investment from BAT is designed to better assist us in capitalizing on opportunities in domestic and international markets. While the product development collaboration continues to work on the development of novel cannabinoid innovations and formulations that will support our product pipeline in years to come, we are set up to achieve an improved margin profile in fiscal '24, supported by production efficiencies, better fulfillment, and expansion into more international markets. We have effectively no debt, sufficient cash, and an industry-leading portfolio of products and brands that consumers love, supported by industry-leading production capabilities. And with that, I want to thank you for joining us today.
Operator, you may open the call for questions.
Questions & Answers:
Operator
Thank you. [Operator instructions] Your first question comes from the line of Aaron Grey from Alliance Global Partners. Please go ahead.
Aaron Grey -- Alliance Global Partners -- Analyst
Hi. Good morning and thank you very much for the questions. So, first for me, I just wanted to touch on gross margins. So, you called out a couple of things that impacted some of the gross margin pressure, including pricing, some of the higher flower costs, higher cost per unit, as well as the THC inflation impact and international.
So, as we think sequentially, you know, down 200 basis points, 90% to 70%, can help to quantify maybe or rank order which one has been, you know, the biggest impact to that margin pressure? And then how we should think about the margins on the near term? Can you spoke to international, you know, back up in fiscal year 2024? Is that more of a next quarter dynamic or do you think that'll be more in the back half? And then how do we think about, you know, the impact in terms of the Canadian marketplace on gross margin as THC inflation remains? So, any color on your gross margin expectations in the near to medium term would be helpful. Thank you.
Beena Goldenberg -- Chief Executive Officer
Perfect. Paolo, I'll put that one over to you.
Paolo De Luca -- Interim Chief Financial Officer
Great. Thanks, Beena, and thanks for the question, Aaron. On margin, look, the highest margin opportunity for us always is international. So, to the extent that we have international sales, that's going to drive margin and that's obviously going to depend on the mix of the size of that -- of those sales and, you know, in comparison to the sales that we have in the rec market.
And so, just by nature, historically, you know, international sales have been lumpy, and that's something that we're working to address, and we're working to address that by diversifying the countries that we sell to, to have more than two countries. We're moving to four countries, and we hope to expand that even further. And then we're possible to diversify within customers within those countries. And then also to spread out the shipments.
So, by doing that over time, we'll avoid the issue that we've had historically, which is essentially lumpy margins. At least -- I would say at least half of that is related to international sales. So, to answer your question, international, by far, is the most important thing in terms of determining margin mix for the quarter. All of the products that we're now, you know, growing in have good margin profiles for us when they are operating and when we're producing them at a steady state and avoiding all the ramp-up issues that we have, you know, as almost any LP will have with their -- the initiation of those products.
So, you know, we touched -- we spend a lot of time on the call and the prepared comments talking about infused pre-rolls and tube-style pre-rolls. I can tell you that, right now, the way that we're producing them right now is a lot better than the way we were producing them three or four months ago. And so, while we could have made a decision to just optimize and not be in market, we would have lost the opportunity to gain market share. And I think it's very important that -- especially in growing categories, that you get in there when you can.
And I think we're happy with the way that we've kind of claimed space in that -- claimed share in those spaces, and that's going to continue to grow. And so, I would say, if you want to look at the margin profile of our quarters in 2023 versus the way that we expect it to play in 2024, it's almost a mirror image. So, whereas in 2023, we started off strongly with margin and then it declined, in 2024, we'll be the exact opposite. So, I think that we are certainly in our budget, and I don't want to make this forward guidance, but our -- the way that we've planned the year out, our margins should get back to the same levels they were historically, if not even better.
Aaron Grey -- Alliance Global Partners -- Analyst
OK. Great. Thanks for that color. That was really helpful.
Second question for me, I know it's still relatively early days, just in terms of, you know, the Jupiter initiative and the potential investments there, you know, any color in terms of what you're seeing in the marketplace and how you might have narrowed in on some opportunities, particularly, you know, geographically, some catalysts ahead on the international front with Germany medical reform and [Inaudible] down the line with phase 2, and then obviously in the U.S., where potential rescheduling as well. So, any color in terms of, you know, what you're seeing out there in the marketplace, U.S., internationally, or maybe even potentially in Canada, that might be appealing to you where you might be able to deploy some capital first in investment opportunities? Thanks.
Beena Goldenberg -- Chief Executive Officer
Thanks, Aaron. So, I'll start, and then I'll hand it over to Paolo as well on this one. But just to start with, certainly, our intention on Jupiter, I would say, you know, 60% to 75% of the investment will be focused on the U.S. market.
That is an area that we dipped our toe into slightly this year with the Phylos investment, so we understand the complexities and making sure we do something that is compliant with our Nasdaq listings. But we are significantly focused on the U.S. And the inbounds that we received after the announcement of this Jupiter pool has been just a testament to the opportunities out there, and we are currently narrowing down, you know, the areas that we're going to focus. I would say there's a portion of that investment looking at other international markets.
But again, the priority is U.S. first, and then, you know, what is the best opportunity globally moving forward from there? So, that's in terms of the focus. Paolo, if there's anything else you want to add.
Paolo De Luca -- Interim Chief Financial Officer
No. The only other thing that I would add is that I would say it's relatively early days and the fact that the -- you know, some of the expected changes that have -- that, you know, people have called for, whether it be in countries like Germany or in the U.S., they haven't manifested as quickly as anticipated, I think bodes well for us for a couple of reasons. One, it just allows us more time to expand our scouting and, you know, develop relationships with all the people and all the participants in those markets. And two, as these markets have been slow to move in terms of the initial expectations, the capital markets have been hampered as a result for cannabis companies.
We are lucky because we're one of the few companies to pull off a very large investment at a very favorable valuation to where we were trading at. And I think that will set us up well because I don't think there's that much capital floating around for companies that need capital. So, I think we're at a very good position, and I think we'll have a lot more to announce on that in the calendar 2024 year.
Aaron Grey -- Alliance Global Partners -- Analyst
OK. Great. Thanks very much for the detail, and I'll go ahead and jump back into queue.
Operator
Your next question comes from the line of Frederico Gomes from ATB Capital Markets. Please go ahead.
Frederico Gomes -- ATB Capital Markets -- Analyst
Hi. Good morning. Thank you for taking my question. My first question is just going back to the -- to your comments on international and that being the largest margin opportunity for you.
So, I'm just curious, tying that to your free cash flow guidance for the second half of fiscal year 2024, does that guidance sort of rely on international growth? And if you could, you know, unpack a bit of the drivers behind that guidance and how much of it is about -- you know, in terms of the sales mix of domestic sales and international, that would be great. Thank you.
Beena Goldenberg -- Chief Executive Officer
Yes. Sure. No problem, Fred. So, our intention, as we said in the script earlier today, was that we are working on our EU GMP certification, which we expect to get in the back half of the year.
So, while the first half of the year in international shipments, we will expand outside of just Australia and Israel, we will add the two new countries we already announced supply agreements. That's to Germany and to the U.K. But our goal as we look forward is to leverage the EU GMP certification to get into more countries. And as regulations continue to change, there are more opportunities out there.
So, we do see the international sales growing sort of phasing further into the back half as we grow out new international opportunities.
Frederico Gomes -- ATB Capital Markets -- Analyst
Thank you. My second question is just looking at the Canadian rec market, and I guess, in your outlook, you mentioned that many LPs are behind payment of their taxes and there's obviously a lot of challenges to raise capital and some bankruptcies happening. But at the same time, it just seems that this process of rationalization among LPs is always, you know, around the corner and never arrived. So, just curious on your perspective here for next year.
Why could it be different from this year? How do you see that playing out? Is it going to be -- is it going to accelerate into 2024? Is it going to be more of a gradual process? You know, how do you see that happening? Thank you.
Beena Goldenberg -- Chief Executive Officer
Right. So, thank you, Fred. You know, it is -- we have been saying for a while now that this industry is primed for consolidation. And it hasn't happened because, honestly, the fact that the CRA has allowed companies to be in arrears, it is, you know, unbelievable to us.
We've seen, you know -- and we've talked to a bunch of LPs like the arrears are astonishing, you know, and CRA has started to clamp down. We have heard that they've been in upon license renewal and asked for actual payment plans to get back in -- you know, to get the people back. And I think there are some companies that will never be able to do the payment plan getting back. So, we've seen some closures as CRA has clamped down.
We've also seen some closures as, you know, debts have come due and not been extended further. So, banks have shut down LPs. So, it's starting to happen. You know, we have companies not only going into CCAA, but bank -- companies just going into bankruptcy and shutting their doors.
And it has to happen, right? I mean, there's just -- the dynamics right now are unsustainable. By having testing on THC inflation, which gave some LPs an extra year of runway by claiming they had products that were, you know, 30% to 35% THC, but when we tested it were sitting, on average, between 17% and 21% potency, it gave them runway. So, what you have is companies out there, you know, really pressuring what is, you know, approved regulations just because they're doing it to survive, and they've been able to survive an extra period of time. But it's not sustainable.
This is -- you know, it's crashing in on them, while access to new capital isn't available. So, you know, is it happening as soon as we thought? No. Is it continuing to happen? Absolutely. So, you're hearing about it.
You're seeing these changes over the next -- you know, whether it takes 12 months or 24 months, what we know is that we're sitting on cash, we have strong brands, and we have innovations, and we will be here on the other side of it. And in the short term, while there's an unfair playing field because people are exaggerating their THC potency or aren't paying their taxes, that's going to come to an end at some point. They're going to go away and the strongest will survive, and we're going to be one of them. And that's how we see it.
Frederico Gomes -- ATB Capital Markets -- Analyst
Thank you very much.
Operator
Your next question comes from the line of Yewon Kang from Canaccord Genuity. Please go ahead.
Yewon Kang -- Canaccord Genuity -- Analyst
Hi. Good morning. This is Yewon Kang on behalf of Matt Bottomley. Thank you for the question.
I just wanted to shift gears back to the Canadian adult-use market, and I wanted to ask about the THC innovation that you guys have been rolling out recently. I wanted to ask if there is a dollar premium that you're able to attach to these THCV products versus non-cannabinoid THC products. And as well, was also curious to see how you guys have been thinking about the cost benefit analysis of how these THCV products have been performing, although it's early days, against the investment dollars that you guys have spent on Phylos for the partnership so far.
Beena Goldenberg -- Chief Executive Officer
So, thank you for the question. First, I'll pass it over to Tim Emberg, our chief commercial officer, to answer the question on THCV and other products that we have in market. Tim.
Tim Emberg -- Chief Commercial Officer
Sure. Thanks, Beena. So, currently, we have two THCV gummy products in the market. One of them is Trailblazer brand and one under our SHRED'ems brand.
And we don't have it on as a premium currently from a pricing perspective, but the reception in the market is quite strong. So, as Beena mentioned earlier, it's -- we've got 13 SHRED'ems SKUs in the market, and it's sitting at about the seventh position from a performance perspective early days into the market. So, THCV also -- for us, you know, it requires a lot of education to not only the consumer but to the bud tenders. So, part of our mandate from a commercial perspective right now is to really educate the consumer and educate the bud tender on THCV so they understand the attributes of THCV and be able to recommend it comfortably.
And as we ramp up to our next portion of our THCV launch, which is our THCV vape, which we're launching very shortly, we expect a significant lift in the THCV section of our portfolio.
Beena Goldenberg -- Chief Executive Officer
And just to -- thank you, Tim. And just to build the second part of your question, which is, you know, the payback on the investment with our Phylos investment, I want to remind you that it was really strategically twofold that it was not only access to THCV, but it was also the ability to move our production to seed-based production. Now, Phylos is known for being able to develop F1 hybrid seeds that will give us significant cost savings by converting a portion of our garden over to seed-based production. Our plan for fiscal '24 is that we'll have 30% of our garden converted over to seed-based by the end of the year.
And what that does is not only does it shorten the cycle time in the garden, but it gives us more robust flowers, more predictable attributes to the flower. And when you have F1 hybrid seeds, we could take those to other markets around the world to deliver the exact same cultivar and experience in other markets. So, it just gives us some stability and predictability. So, we're very excited about that.
And truly, the payback on the Phylos investment very much links back and is, you know, a huge payback based on the conversion to the seed-based production.
Tim Emberg -- Chief Commercial Officer
And sorry, Beena. I'll just answer one more point is that there is a lot of interest in THCV from an international perspective. So, we've been in discussions with our current partners, but also potential future partners on bringing -- exporting THCV into their potential markets as well.
Yewon Kang -- Canaccord Genuity -- Analyst
Great. Thank you for the color. And just my second question on the international shipments for fiscal '24 going forward, I know that you guys are going through an audit to get your facility EU GMP certified. So, is it fair to expect that the international exports will likely -- the sales will likely accelerate in the back half of fiscal '24 as you guys receive the EU GMP certification for shipments going to the U.K.
and Germany? Thanks.
Beena Goldenberg -- Chief Executive Officer
Tim, why don't you take that one as well?
Tim Emberg -- Chief Commercial Officer
Yeah. So, that's the idea. You know, we're going through the EU GMP-certified process right now. We expect, you know, to set up the audit fairly soon.
And once we establish the certification, we will be able to expand. And it's not only about market expansion, it's about turnaround time. You know, when we go into a country like Australia, it takes longer if you don't have EU GMP to convert to EU GMP and get into the marketplace. So, it will -- it'll allow us to get a quicker turnaround in reorder process because we'll be able to ship finished goods versus bulk into this market, which we'll put into the hands of the patient sooner, and then, you know, get reorders in a more timely fashion versus taking eight weeks or so.
So, we expect it to benefit us from a market expansion perspective and open doors, but also to eliminate some of that lumpiness that Paolo referred to earlier.
Beena Goldenberg -- Chief Executive Officer
But let me just build on Tim's comment, which is we will be audit-ready. We are dependent on getting an auditor over from Germany to certify the facility. And while we hope to have that early in 2024, we are -- you know, this isn't something that we could tie down. So, we'll continue to drive toward that.
But we do believe that even without the certification in the first half of the year, just resuming some of our shipments to partners, as well as adding the new supply agreements, so our agreement with both Sanity Group and with 4C Labs that we announced, are predicated on us selling out of a non-EU GMP facility. So, they will go through conversion. Whereas, in the back half, if we should get the certification, that should go faster as well. So, we will see increase even if there is delay in the certification, but we -- because of new customers, but we do hope to see the certification because we believe there's even more upside by the end of the year once we get that.
Yewon Kang -- Canaccord Genuity -- Analyst
Great. Thank you for the color. I'll jump back into the queue.
Operator
And we have no further questions at this time. I will now turn the call back to Beena Goldenberg for closing remarks.
Beena Goldenberg -- Chief Executive Officer
Thank you, everybody, for joining the call today. I know that we're coming up on the holidays, so I want to wish everybody a happy and healthy holiday season, and I look forward to sharing with you more updates as we report our Q1 in mid-February. Thank you for joining the call.
Operator
[Operator signoff]
Duration: 0 minutes
Call participants:
Max Schwartz -- Director of Investor Relations
Beena Goldenberg -- Chief Executive Officer
Paolo De Luca -- Interim Chief Financial Officer
Aaron Grey -- Alliance Global Partners -- Analyst
Frederico Gomes -- ATB Capital Markets -- Analyst
Yewon Kang -- Canaccord Genuity -- Analyst
Tim Emberg -- Chief Commercial Officer
More OGI analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool has positions in and recommends Organigram. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, we remain confident in the upward trajectory of our earnings on an annualized basis, as seen over the last three fiscal years, supported by the newly enhanced production processes and cost saving initiatives Beena outlined and beginning international shipments to Germany and the U.K. while continuing to supply Australia and Israel. We also believe that balance sheet strength will offer financial flexibility as M&A and commercial opportunities increase in Canada as players struggle with debt loads; stretch payables, including unpaid excise taxes; and the inability to invest in automation and other production efficiencies needed to get down the cost curve in a highly competitive market. The only other thing that I would add is that I would say it's relatively early days and the fact that the -- you know, some of the expected changes that have -- that, you know, people have called for, whether it be in countries like Germany or in the U.S., they haven't manifested as quickly as anticipated, I think bodes well for us for a couple of reasons. | Year over year, gross and net revenue increased by 12% and 11%, respectively, primarily due to net increases in recreational revenue of 15.1 million and net increases in international revenue of 3.7 million, partially offset by a decrease in domestic medical sales. The compression in adjusted gross margin was primarily attributable to price reductions that lowered net revenues, temporary higher flower costs, a decrease in international sales, and higher cost of sales per unit, which was correlated to higher inventory provisions for unsaleable inventories and net RV adjustments. Operator [Operator signoff] Duration: 0 minutes Call participants: Max Schwartz -- Director of Investor Relations Beena Goldenberg -- Chief Executive Officer Paolo De Luca -- Interim Chief Financial Officer Aaron Grey -- Alliance Global Partners -- Analyst Frederico Gomes -- ATB Capital Markets -- Analyst Yewon Kang -- Canaccord Genuity -- Analyst Tim Emberg -- Chief Commercial Officer More OGI analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. | As a result of the company's change in its fiscal year-end from August 31st to September 30th and in order to bridge fiscal 2023 to fiscal 2024, the financial information presented here for the current quarterly period is for the four months from June 1, 2023 through September 30, 2023 and for the fiscal 2023 year consists of the 13 months from September 1, 2022 through September 30, 2023, whereas the comparative periods for 2022 are the three months from June 1, 2023 through August 31, 2023 and the 12 months from September 1, 2021 through August 31, 2022, respectively. In the quarter, while adjusted EBITDA was negative 2.4 million, compared to positive 3.2 million in Q4 2022, on an annual basis, adjusted EBITDA in fiscal '23 increased to positive 6 million, compared to positive 3.5 million in fiscal '22, an increase of 71%. Operator [Operator signoff] Duration: 0 minutes Call participants: Max Schwartz -- Director of Investor Relations Beena Goldenberg -- Chief Executive Officer Paolo De Luca -- Interim Chief Financial Officer Aaron Grey -- Alliance Global Partners -- Analyst Frederico Gomes -- ATB Capital Markets -- Analyst Yewon Kang -- Canaccord Genuity -- Analyst Tim Emberg -- Chief Commercial Officer More OGI analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. | Should you invest $1,000 in Organigram right now? Operator And we have no further questions at this time. Operator [Operator signoff] Duration: 0 minutes Call participants: Max Schwartz -- Director of Investor Relations Beena Goldenberg -- Chief Executive Officer Paolo De Luca -- Interim Chief Financial Officer Aaron Grey -- Alliance Global Partners -- Analyst Frederico Gomes -- ATB Capital Markets -- Analyst Yewon Kang -- Canaccord Genuity -- Analyst Tim Emberg -- Chief Commercial Officer More OGI analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. | 854c2709-7b77-4732-ba16-94ccfaf53780 |
710677.0 | 2023-12-16 04:00:00 UTC | Noteworthy Tuesday Option Activity: GIS, ABNB, DHC | DCOMP | https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-gis-abnb-dhc | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in General Mills Inc (Symbol: GIS), where a total of 19,232 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 45.4% of GIS's average daily trading volume over the past month of 4.2 million shares. Especially high volume was seen for the $67 strike call option expiring December 22, 2023, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of GIS. Below is a chart showing GIS's trailing twelve month trading history, with the $67 strike highlighted in orange:
Airbnb Inc (Symbol: ABNB) options are showing a volume of 23,866 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 44.3% of ABNB's average daily trading volume over the past month, of 5.4 million shares. Particularly high volume was seen for the $140 strike put option expiring January 19, 2024, with 1,546 contracts trading so far today, representing approximately 154,600 underlying shares of ABNB. Below is a chart showing ABNB's trailing twelve month trading history, with the $140 strike highlighted in orange:
And Diversified Healthcare Trust (Symbol: DHC) options are showing a volume of 7,765 contracts thus far today. That number of contracts represents approximately 776,500 underlying shares, working out to a sizeable 44% of DHC's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $2.50 strike put option expiring March 15, 2024, with 5,150 contracts trading so far today, representing approximately 515,000 underlying shares of DHC. Below is a chart showing DHC's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
For the various different available expirations for GIS options, ABNB options, or DHC options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
ETFs Holding VTL
NOW RSI
RBZ shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Especially high volume was seen for the $67 strike call option expiring December 22, 2023, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of GIS. Particularly high volume was seen for the $140 strike put option expiring January 19, 2024, with 1,546 contracts trading so far today, representing approximately 154,600 underlying shares of ABNB. Especially high volume was seen for the $2.50 strike put option expiring March 15, 2024, with 5,150 contracts trading so far today, representing approximately 515,000 underlying shares of DHC. | Below is a chart showing GIS's trailing twelve month trading history, with the $67 strike highlighted in orange: Airbnb Inc (Symbol: ABNB) options are showing a volume of 23,866 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 44.3% of ABNB's average daily trading volume over the past month, of 5.4 million shares. That number of contracts represents approximately 776,500 underlying shares, working out to a sizeable 44% of DHC's average daily trading volume over the past month, of 1.8 million shares. | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in General Mills Inc (Symbol: GIS), where a total of 19,232 contracts have traded so far, representing approximately 1.9 million underlying shares. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 44.3% of ABNB's average daily trading volume over the past month, of 5.4 million shares. Below is a chart showing DHC's trailing twelve month trading history, with the $2.50 strike highlighted in orange: For the various different available expirations for GIS options, ABNB options, or DHC options, visit StockOptionsChannel.com. | Especially high volume was seen for the $67 strike call option expiring December 22, 2023, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of GIS. That number of contracts represents approximately 776,500 underlying shares, working out to a sizeable 44% of DHC's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing DHC's trailing twelve month trading history, with the $2.50 strike highlighted in orange: For the various different available expirations for GIS options, ABNB options, or DHC options, visit StockOptionsChannel.com. | 428dfe30-c22b-4f2d-87b5-61c394522a02 |
710678.0 | 2023-12-16 04:00:00 UTC | Notable Tuesday Option Activity: BGC, DIS, DLTR | DCOMP | https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-bgc-dis-dltr | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Bgc Group Inc - Class A (Symbol: BGC), where a total of 13,483 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 55.4% of BGC's average daily trading volume over the past month of 2.4 million shares. Particularly high volume was seen for the $7 strike call option expiring January 19, 2024, with 10,536 contracts trading so far today, representing approximately 1.1 million underlying shares of BGC. Below is a chart showing BGC's trailing twelve month trading history, with the $7 strike highlighted in orange:
Walt Disney Co. (Symbol: DIS) options are showing a volume of 63,566 contracts thus far today. That number of contracts represents approximately 6.4 million underlying shares, working out to a sizeable 54.8% of DIS's average daily trading volume over the past month, of 11.6 million shares. Especially high volume was seen for the $95 strike call option expiring December 22, 2023, with 3,558 contracts trading so far today, representing approximately 355,800 underlying shares of DIS. Below is a chart showing DIS's trailing twelve month trading history, with the $95 strike highlighted in orange:
And Dollar Tree Inc (Symbol: DLTR) options are showing a volume of 13,627 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 53.7% of DLTR's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $135 strike call option expiring January 19, 2024, with 1,878 contracts trading so far today, representing approximately 187,800 underlying shares of DLTR. Below is a chart showing DLTR's trailing twelve month trading history, with the $135 strike highlighted in orange:
For the various different available expirations for BGC options, DIS options, or DLTR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Monthly Dividend Paying Stocks
Institutional Holders of OGI
TILE Next Dividend Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Particularly high volume was seen for the $7 strike call option expiring January 19, 2024, with 10,536 contracts trading so far today, representing approximately 1.1 million underlying shares of BGC. Especially high volume was seen for the $95 strike call option expiring December 22, 2023, with 3,558 contracts trading so far today, representing approximately 355,800 underlying shares of DIS. Especially high volume was seen for the $135 strike call option expiring January 19, 2024, with 1,878 contracts trading so far today, representing approximately 187,800 underlying shares of DLTR. | Below is a chart showing BGC's trailing twelve month trading history, with the $7 strike highlighted in orange: Walt Disney Co. (Symbol: DIS) options are showing a volume of 63,566 contracts thus far today. That number of contracts represents approximately 6.4 million underlying shares, working out to a sizeable 54.8% of DIS's average daily trading volume over the past month, of 11.6 million shares. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 53.7% of DLTR's average daily trading volume over the past month, of 2.5 million shares. | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Bgc Group Inc - Class A (Symbol: BGC), where a total of 13,483 contracts have traded so far, representing approximately 1.3 million underlying shares. Particularly high volume was seen for the $7 strike call option expiring January 19, 2024, with 10,536 contracts trading so far today, representing approximately 1.1 million underlying shares of BGC. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 53.7% of DLTR's average daily trading volume over the past month, of 2.5 million shares. | Particularly high volume was seen for the $7 strike call option expiring January 19, 2024, with 10,536 contracts trading so far today, representing approximately 1.1 million underlying shares of BGC. That number of contracts represents approximately 6.4 million underlying shares, working out to a sizeable 54.8% of DIS's average daily trading volume over the past month, of 11.6 million shares. Below is a chart showing DLTR's trailing twelve month trading history, with the $135 strike highlighted in orange: For the various different available expirations for BGC options, DIS options, or DLTR options, visit StockOptionsChannel.com. | b4a05e27-12bb-4ce0-8fc9-e59b537a7333 |
710679.0 | 2023-12-16 03:00:00 UTC | Why C3.ai Stock Was Gaining Today | DCOMP | https://www.nasdaq.com/articles/why-c3.ai-stock-was-gaining-today | nan | nan | Shares of C3.ai (NYSE: AI) were moving higher today after the AI-focused software-as-a-service (SaaS) company was name-checked by Oppenheimer on its list of stocks to own in 2024.
As of 1:06 p.m. ET, the stock was up 3% after climbing as much as 10.8% earlier in the session.
Image source: Getty Images.
Oppenheimer calls C3.ai a buy
The research firm put out a note this morning calling several AI stocks buys in 2024 and arguing that "AI infrastructure arms suppliers" should do well next year.
While C3.ai wasn't among Oppenheimer's top picks in 2024, which included Microsoft and Cloudflare, it was among the stocks they saw benefiting from the emergence of the AI sector. It also expects data collection and model training to drive more AI application revenue in the second half of the year to benefit C3.ai, among other companies.
Can C3.ai keep going higher?
Oppenheimer's comments seem to dovetail with remarks C3.ai CEO Thomas Siebel has made as Siebel has hyped the demand for C3.ai's products time and again despite weak quarterly results.
In the recently reported fiscal second quarter, C3.ai delivered 17% revenue growth, but it continued to report wide losses on the bottom line. It also did not raise its full-year revenue guidance but lowered its expectations for operating losses. It sees $295 million to $320 million in revenue and an adjusted loss of $115 million to $135 million.
However, Siebel noted "unprecedented interest and traction in our generative AI offerings," and the company reported an 81% increase in customer engagement, a company-specific metric that includes new customers and qualified leads.
If Oppenheimer is right, C3.ai could be prepared for an acceleration in growth later this year, but it's easy to be skeptical of the stock based on its historically disappointing results.
Should you invest $1,000 in C3.ai right now?
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Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare and Microsoft. The Motley Fool recommends C3.ai. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares of C3.ai (NYSE: AI) were moving higher today after the AI-focused software-as-a-service (SaaS) company was name-checked by Oppenheimer on its list of stocks to own in 2024. While C3.ai wasn't among Oppenheimer's top picks in 2024, which included Microsoft and Cloudflare, it was among the stocks they saw benefiting from the emergence of the AI sector. It also expects data collection and model training to drive more AI application revenue in the second half of the year to benefit C3.ai, among other companies. | Before you buy stock in C3.ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and C3.ai wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare and Microsoft. | Oppenheimer calls C3.ai a buy The research firm put out a note this morning calling several AI stocks buys in 2024 and arguing that "AI infrastructure arms suppliers" should do well next year. Before you buy stock in C3.ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and C3.ai wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jeremy Bowman has no position in any of the stocks mentioned. | It also did not raise its full-year revenue guidance but lowered its expectations for operating losses. Before you buy stock in C3.ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and C3.ai wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Jeremy Bowman has no position in any of the stocks mentioned. | 03dfdaf6-06f3-4dfb-9a2d-e2d3c49bad00 |
710680.0 | 2023-12-16 03:00:00 UTC | US natgas prices ease on record output, milder weather forecasts | DCOMP | https://www.nasdaq.com/articles/us-natgas-prices-ease-on-record-output-milder-weather-forecasts | nan | nan | Adds latest prices
Dec 19 (Reuters) - U.S. natural gas prices ticked down on Tuesday on record output and forecasts for milder weather that should allow utilities to leave more gas in storage than usual through late December.
Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange (NYMEX) settled 1.1 cents, or 0.4%, lower at $2.492 per million British thermal units. Prices were up for the last four sessions after being in oversold territory.
Financial firm LSEG said average gas output in the Lower 48 U.S. states has risen to 108.5 bcfd so far in December from a record 108.3 bcfd in November.
"Prices are falling because of abundance of supply and warmer weather than expected... Since the last few days, the market is in a consolidation phase where it may go sideways until we get more information about what kind of weather we're going to have in January," said Thomas Saal, senior vice president for energy at StoneX Financial.
LSEG forecast U.S. gas demand in the Lower 48, including exports, at 125.5 bcfd this week. However, demand was projected to slide to 120.9 bcfd during the next week when many businesses and government offices shut for the Christmas holiday.
Support from the weather factor has been limited with comparatively mild temperature views in key regions now extended into next month, analysts at energy advisory Ritterbusch and Associates said in a note.
"With each day that the temperature forecasts stretch further into January, the more important a supply surplus will become."
Record production and ample gas in storage prompted some traders to forecast that prices had already peaked this winter (November-March) in November.
Gas flows to the seven big U.S. LNG export plants have risen to an average of 14.7 bcfd so far in December, up from a record 14.3 bcfd in November.
Traders also were keeping an eye on reports that a number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.
Goldman Sachs noted that disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected.
Several LNG vessels have changed course in recent days to avoid the Red Sea region.
Dutch and British gas prices fell, with healthy gas supply and weaker demand offsetting wider geopolitical concerns. NG/EU
Week ended Dec 15 Forecast
Week ended Dec 8 Actual
Year ago Dec 15
Five-year average
Dec 15
U.S. weekly natgas storage change (bcf):
-80
-55
-82
-107
U.S. total natgas in storage (bcf):
3,584
3,664
3,337
3,297
U.S. total storage versus 5-year average
8.7%
7.6%
Global Gas Benchmark Futures ($ per mmBtu)
Current Day
Prior Day
This Month Last Year
Prior Year Average 2022
Five Year Average (2017-2021)
Henry Hub NGc1
2.43
2.57
5.77
6.54
2.89
Title Transfer Facility (TTF) TRNLTTFMc1
10.49
11.23
36.68
40.50
7.49
Japan Korea Marker (JKM) JKMc1
12.40
11.77
32.34
34.11
8.95
LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days
Two-Week Total Forecast
Current Day
Prior Day
Prior Year
10-Year Norm
30-Year Norm
U.S. GFS HDDs
295
324
371
370
385
U.S. GFS CDDs
1
1
10
5
5
U.S. GFS TDDs
296
325
381
375
390
LSEG U.S. Weekly GFS Supply and Demand Forecasts
Prior Week
Current Week
Next Week
This Week Last Year
Five-Year (2018-2022) Average For Month
U.S. Supply (bcfd)
U.S. Lower 48 Dry Production
108.9
108.5
108.7
102.8
94.2
U.S. Imports from Canada8
8.6
8.5
9.0
10.0
9.1
U.S. LNG Imports
0.0
0.0
0.0
0.0
0.2
Total U.S. Supply
117.5
117
117.7
112.8
103.5
U.S. Demand (bcfd)
U.S. Exports to Canada
3.4
3.3
3.3
3.4
3.2
U.S. Exports to Mexico
3.8
3.8
4.4
5.2
5.0
U.S. LNG Exports
14.7
15.0
14.6
12.6
8.6
U.S. Commercial
13.8
13.9
13.0
15.4
14.6
U.S. Residential
22.3
22.4
20.9
25.8
24.7
U.S. Power Plant
34.1
34.2
32.7
30.4
28.6
U.S. Industrial
24.7
24.7
24.0
24.7
25.0
U.S. Plant Fuel
5.4
5.4
5.4
5.3
5.3
U.S. Pipe Distribution
2.7
2.8
2.6
2.7
2.9
U.S. Vehicle Fuel
0.1
0.1
0.1
0.1
0.1
Total U.S. Consumption
103.1
103.5
98.7
104.4
101.2
Total U.S. Demand
125.0
125.5
120.9
125.6
118.0
U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam
Current Day % of Normal Forecast
Prior Day % of Normal Forecast
2023
% of Normal Actual
2022 % of Normal Actual
2021 % of Normal Actual
Apr-Sep
82
83
83
107
81
Jan-Jul
81
81
77
102
79
Oct-Sep
81
82
76
103
81
U.S. weekly power generation percent by fuel - EIA
Week ended Dec 22
Week ended Dec 15
Week ended Dec 8
Week ended Dec 1
Week ended Nov 24
Wind
10
11
12
10
11
Solar
3
3
3
3
3
Hydro
6
6
5
6
6
Other
2
2
2
2
2
Petroleum
0
0
0
0
0
Natural Gas
42
41
40
42
39
Coal
18
17
17
17
16
Nuclear
20
20
21
20
22
SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)
Hub
Current Day
Prior Day
Henry Hub NG-W-HH-SNL
2.59
2.44
Transco Z6 New York NG-CG-NY-SNL
2.21
1.64
PG&E Citygate NG-CG-PGE-SNL
3.97
3.93
Eastern Gas (old Dominion South) NG-PCN-APP-SNL
1.94
1.64
Chicago Citygate NG-CG-CH-SNL
2.26
2.20
Algonquin Citygate NG-CG-BS-SNL
2.86
1.88
SoCal Citygate NG-SCL-CGT-SNL
3.30
3.48
Waha Hub NG-WAH-WTX-SNL
1.73
1.96
AECO NG-ASH-ALB-SNL
1.85
1.76
SNL U.S. Power Next-Day Prices ($ per megawatt-hour)
Hub
Current Day
Prior Day
New England EL-PK-NPMS-SNL
33.00
27.00
PJM West EL-PK-PJMW-SNL
43.25
24.50
Ercot North EL-PK-ERTN-SNL
15.00
18.00
Mid C EL-PK-MIDC-SNL
50.00
62.68
Palo Verde EL-PK-PLVD-SNL
50.25
47.00
SP-15 EL-PK-SP15-SNL
51.50
43.50
(Reporting by Sherin Elizabeth Varghese and Ashitha Shivaprasad in Bengaluru; Additional Reporting by Daksh Grover, Editing by Paul Simao and David Gregorio)
((Ashitha.Shivaprasad@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Since the last few days, the market is in a consolidation phase where it may go sideways until we get more information about what kind of weather we're going to have in January," said Thomas Saal, senior vice president for energy at StoneX Financial. Support from the weather factor has been limited with comparatively mild temperature views in key regions now extended into next month, analysts at energy advisory Ritterbusch and Associates said in a note. Goldman Sachs noted that disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected. | NG/EU Week ended Dec 15 Forecast Week ended Dec 8 Actual Year ago Dec 15 Five-year average Dec 15 U.S. weekly natgas storage change (bcf): -80 -55 -82 -107 U.S. total natgas in storage (bcf): 3,584 3,664 3,337 3,297 U.S. total storage versus 5-year average 8.7% 7.6% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.43 2.57 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 10.49 11.23 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 12.40 11.77 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 295 324 371 370 385 U.S. GFS CDDs 1 1 10 5 5 U.S. GFS TDDs 296 325 381 375 390 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.9 108.5 108.7 102.8 94.2 U.S. Imports from Canada8 8.6 8.5 9.0 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 117 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.4 3.3 3.3 3.4 3.2 U.S. Exports to Mexico 3.8 3.8 4.4 5.2 5.0 U.S. LNG Exports 14.7 15.0 14.6 12.6 8.6 U.S. Commercial 13.8 13.9 13.0 15.4 14.6 U.S. Consumption 103.1 103.5 98.7 104.4 101.2 Total U.S. Demand 125.0 125.5 120.9 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 82 83 83 107 81 Jan-Jul 81 81 77 102 79 Oct-Sep 81 82 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 22 Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Wind 10 11 12 10 11 Solar 3 3 3 3 3 Hydro 6 6 5 6 6 Other 2 2 2 2 2 Petroleum 0 0 0 0 0 Natural Gas 42 41 40 42 39 Coal 18 17 17 17 16 Nuclear 20 20 21 20 22 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.59 2.44 Transco Z6 New York NG-CG-NY-SNL 2.21 1.64 PG&E Citygate NG-CG-PGE-SNL 3.97 3.93 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.94 1.64 Chicago Citygate NG-CG-CH-SNL 2.26 2.20 Algonquin Citygate NG-CG-BS-SNL 2.86 1.88 SoCal Citygate NG-SCL-CGT-SNL 3.30 3.48 Waha Hub NG-WAH-WTX-SNL 1.73 1.96 1.85 1.76 SNL U.S. Power Next-Day Prices ($ per megawatt-hour) Hub Current Day Prior Day New England EL-PK-NPMS-SNL 33.00 27.00 PJM West EL-PK-PJMW-SNL 43.25 24.50 Ercot North EL-PK-ERTN-SNL 15.00 18.00 Mid C EL-PK-MIDC-SNL 50.00 62.68 Palo Verde EL-PK-PLVD-SNL 50.25 47.00 | Adds latest prices Dec 19 (Reuters) - U.S. natural gas prices ticked down on Tuesday on record output and forecasts for milder weather that should allow utilities to leave more gas in storage than usual through late December. NG/EU Week ended Dec 15 Forecast Week ended Dec 8 Actual Year ago Dec 15 Five-year average Dec 15 U.S. weekly natgas storage change (bcf): -80 -55 -82 -107 U.S. total natgas in storage (bcf): 3,584 3,664 3,337 3,297 U.S. total storage versus 5-year average 8.7% 7.6% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.43 2.57 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 10.49 11.23 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 12.40 11.77 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 295 324 371 370 385 U.S. GFS CDDs 1 1 10 5 5 U.S. GFS TDDs 296 325 381 375 390 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.9 108.5 108.7 102.8 94.2 U.S. Imports from Canada8 8.6 8.5 9.0 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 117 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.4 3.3 3.3 3.4 3.2 U.S. Exports to Mexico 3.8 3.8 4.4 5.2 5.0 U.S. LNG Exports 14.7 15.0 14.6 12.6 8.6 U.S. Commercial 13.8 13.9 13.0 15.4 14.6 U.S. Consumption 103.1 103.5 98.7 104.4 101.2 Total U.S. Demand 125.0 125.5 120.9 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 82 83 83 107 81 Jan-Jul 81 81 77 102 79 Oct-Sep 81 82 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 22 Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Wind 10 11 12 10 11 Solar 3 3 3 3 3 Hydro 6 6 5 6 6 Other 2 2 2 2 2 Petroleum 0 0 0 0 0 Natural Gas 42 41 40 42 39 Coal 18 17 17 17 16 Nuclear 20 20 21 20 22 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.59 2.44 Transco Z6 New York NG-CG-NY-SNL 2.21 1.64 PG&E Citygate NG-CG-PGE-SNL 3.97 3.93 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.94 1.64 Chicago Citygate NG-CG-CH-SNL 2.26 2.20 Algonquin Citygate NG-CG-BS-SNL 2.86 1.88 SoCal Citygate NG-SCL-CGT-SNL 3.30 3.48 Waha Hub NG-WAH-WTX-SNL 1.73 1.96 | LSEG forecast U.S. gas demand in the Lower 48, including exports, at 125.5 bcfd this week. Gas flows to the seven big U.S. LNG export plants have risen to an average of 14.7 bcfd so far in December, up from a record 14.3 bcfd in November. NG/EU Week ended Dec 15 Forecast Week ended Dec 8 Actual Year ago Dec 15 Five-year average Dec 15 U.S. weekly natgas storage change (bcf): -80 -55 -82 -107 U.S. total natgas in storage (bcf): 3,584 3,664 3,337 3,297 U.S. total storage versus 5-year average 8.7% 7.6% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.43 2.57 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 10.49 11.23 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 12.40 11.77 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 295 324 371 370 385 U.S. GFS CDDs 1 1 10 5 5 U.S. GFS TDDs 296 325 381 375 390 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.9 108.5 108.7 102.8 94.2 U.S. Imports from Canada8 8.6 8.5 9.0 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 117 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.4 3.3 3.3 3.4 3.2 U.S. Exports to Mexico 3.8 3.8 4.4 5.2 5.0 U.S. LNG Exports 14.7 15.0 14.6 12.6 8.6 U.S. Commercial 13.8 13.9 13.0 15.4 14.6 U.S. | 5a56a8db-816f-451e-b54a-0d308f9b839e |
710681.0 | 2023-12-16 03:00:00 UTC | DHL Express US air hub workers reach tentative deal with Teamsters union | DCOMP | https://www.nasdaq.com/articles/dhl-express-us-air-hub-workers-reach-tentative-deal-with-teamsters-union | nan | nan | Dec 19 (Reuters) - The Teamsters union said on Tuesday it has reached a tentative agreement with about 1,100 DHL Express workers at the delivery company's main U.S. air hub, ending a 12-day strike that began earlier this month.
The contract, that is yet to be ratified by the Teamsters-represented workers, includes provisions for enhanced workplace safety, higher wages and better benefits, the union said.
Newly organized workers at DHL Express, a unit of Deutsche Post DHLn.DE, had gone on strike on Dec. 7 to protest against certain labor practices and stalled contract talks.
The strike had threatened to delay packages during the critical peak holiday shipping season when package carriers such as DHL, FedEx FDX.N and United Parcel Service UPS.N see volumes spike.
The Teamsters-represented workers load and unload DHL Express airplanes at Cincinnati/Northern Kentucky International Airport, one of DHL's largest and busiest logistics hub in North America.
The tentative deal comes as Teamsters is looking to intensify organizing activity following a closely watched contract deal at the world's biggest delivery firm UPS in August.
Companies in the logistics sector are also dealing with margins that are under pressure after consumers returned to their pre-pandemic lifestyles forcing firms to decrease capacity to adjust to lower freight demand.
(Reporting by Priyamvada C in Bengaluru; Writing by Bhanvi Satija; Editing by Shounak Dasgupta)
((Priyamvada.C@thomsonreuters.comhttps://twitter.com/priyamouli1812?lang=en))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Dec 19 (Reuters) - The Teamsters union said on Tuesday it has reached a tentative agreement with about 1,100 DHL Express workers at the delivery company's main U.S. air hub, ending a 12-day strike that began earlier this month. Newly organized workers at DHL Express, a unit of Deutsche Post DHLn.DE, had gone on strike on Dec. 7 to protest against certain labor practices and stalled contract talks. Companies in the logistics sector are also dealing with margins that are under pressure after consumers returned to their pre-pandemic lifestyles forcing firms to decrease capacity to adjust to lower freight demand. | Dec 19 (Reuters) - The Teamsters union said on Tuesday it has reached a tentative agreement with about 1,100 DHL Express workers at the delivery company's main U.S. air hub, ending a 12-day strike that began earlier this month. Newly organized workers at DHL Express, a unit of Deutsche Post DHLn.DE, had gone on strike on Dec. 7 to protest against certain labor practices and stalled contract talks. (Reporting by Priyamvada C in Bengaluru; Writing by Bhanvi Satija; Editing by Shounak Dasgupta) ((Priyamvada.C@thomsonreuters.comhttps://twitter.com/priyamouli1812?lang=en)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Dec 19 (Reuters) - The Teamsters union said on Tuesday it has reached a tentative agreement with about 1,100 DHL Express workers at the delivery company's main U.S. air hub, ending a 12-day strike that began earlier this month. Newly organized workers at DHL Express, a unit of Deutsche Post DHLn.DE, had gone on strike on Dec. 7 to protest against certain labor practices and stalled contract talks. The Teamsters-represented workers load and unload DHL Express airplanes at Cincinnati/Northern Kentucky International Airport, one of DHL's largest and busiest logistics hub in North America. | The contract, that is yet to be ratified by the Teamsters-represented workers, includes provisions for enhanced workplace safety, higher wages and better benefits, the union said. Newly organized workers at DHL Express, a unit of Deutsche Post DHLn.DE, had gone on strike on Dec. 7 to protest against certain labor practices and stalled contract talks. The tentative deal comes as Teamsters is looking to intensify organizing activity following a closely watched contract deal at the world's biggest delivery firm UPS in August. | c00666cc-592b-4a26-9139-cd5575441a5f |
710682.0 | 2023-12-16 03:00:00 UTC | US STOCKS-Wall Street advances as rate-cut fever lingers | DCOMP | https://www.nasdaq.com/articles/us-stocks-wall-street-advances-as-rate-cut-fever-lingers | nan | nan | By Stephen Culp
NEW YORK, Dec 19 (Reuters) - Wall Street extended its gains on Tuesday as last week's dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data.
A broad rally boosted all three major U.S. stock indexes were well into positive territory, and boosted the S&P 500 to within one percentage point of its all-time closing high reached in Jan. 22. If the benchmark index closes above that level, that would confirm it has been in a bull market since October 2022.
The blue-chip Dow .DJI has set a course for another all-time closing high.
"It's encouraging that the market is broadening out," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. "It will be interesting to see whether that trend continues into early next year."
At the conclusion of the central bank's policy meeting last Wednesday, the Federal Open Market Committee signaled that it had reached the end of its tightening cycle and opened the door to rate cuts in the coming year.
Atlanta Fed President Raphael Bostic said on Tuesday there was "no urgency" to begin cutting rates, given the strength of the economy and the slow rate at which inflation is cooling down toward the central bank's 2% annual target.
Even so, at last glance, financial markets are pricing in a 67.5% likelihood that the Fed will implement a 25 basis point rate cut as soon as March, according to CME's FedWatch tool.
"The market is probably being a little too aggressive with rate cut expectations," Pavlik added. "You have to be careful what you wish for; two rate cuts next year probably make sense.
"But four and five rate cuts means there’s something wrong with the economy."
On the economic front, a report from the Commerce Department showed groundbreaking on new single-family homes surged 18% to more than a 1-1/2 year high in November.
The S&P 1500 Homebuilding index .SPCOMHOME and the Philadelphia SE Housing index .HGX advanced 1.9% and 1.4%, respectively.
Later in the week, the Commerce Department is expected to release its third and final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation.
At 2:12PM ET, the Dow Jones Industrial Average .DJI rose 210.72 points, or 0.56%, to 37,516.74, the S&P 500 .SPX gained 21.93 points, or 0.46%, to 4,762.49 and the Nasdaq Composite .IXIC added 72.35 points, or 0.49%, to 14,977.54.
All 11 major sectors of the S&P 500 were in positive territory, with communication services .SPLRCL enjoying the largest percentage gain.
Boeing BA.N rose 0.9% after German airline Lufthansa LHAG.DErevealed it ordered 40 737-8 MAX jets from the planemaker.
Kenvue KVUE.Kclimbed 2.2% following a U.S. court ruling in favor of the consumer health company in a lawsuit over the company's drug Tylenol.
Amgen AMGN.O advanced 1.1% after BMO upgraded the company's shares to "outperform" from "market perform".
Advancing issues outnumbered declining ones on the NYSE by a 4.87-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.
The S&P 500 posted 46 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 178 new highs and 73 new lows.
SPX roller coaster ride https://tmsnrt.rs/484EOQb
(Reporting by Stephen Culp; Additional Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Aurora Ellis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Stephen Culp NEW YORK, Dec 19 (Reuters) - Wall Street extended its gains on Tuesday as last week's dovish policy pivot from the Federal Reserve continued to reverberate and investors looked ahead to crucial inflation data. Even so, at last glance, financial markets are pricing in a 67.5% likelihood that the Fed will implement a 25 basis point rate cut as soon as March, according to CME's FedWatch tool. Later in the week, the Commerce Department is expected to release its third and final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation. | A broad rally boosted all three major U.S. stock indexes were well into positive territory, and boosted the S&P 500 to within one percentage point of its all-time closing high reached in Jan. 22. "The market is probably being a little too aggressive with rate cut expectations," Pavlik added. At 2:12PM ET, the Dow Jones Industrial Average .DJI rose 210.72 points, or 0.56%, to 37,516.74, the S&P 500 .SPX gained 21.93 points, or 0.46%, to 4,762.49 and the Nasdaq Composite .IXIC added 72.35 points, or 0.49%, to 14,977.54. | A broad rally boosted all three major U.S. stock indexes were well into positive territory, and boosted the S&P 500 to within one percentage point of its all-time closing high reached in Jan. 22. At the conclusion of the central bank's policy meeting last Wednesday, the Federal Open Market Committee signaled that it had reached the end of its tightening cycle and opened the door to rate cuts in the coming year. Atlanta Fed President Raphael Bostic said on Tuesday there was "no urgency" to begin cutting rates, given the strength of the economy and the slow rate at which inflation is cooling down toward the central bank's 2% annual target. | A broad rally boosted all three major U.S. stock indexes were well into positive territory, and boosted the S&P 500 to within one percentage point of its all-time closing high reached in Jan. 22. "The market is probably being a little too aggressive with rate cut expectations," Pavlik added. Amgen AMGN.O advanced 1.1% after BMO upgraded the company's shares to "outperform" from "market perform". | 641e190f-a163-47a0-aa64-81c811d4f4b1 |
710683.0 | 2023-12-16 03:00:00 UTC | Tuesday Sector Leaders: Services, Materials | DCOMP | https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-services-materials | nan | nan | Looking at the sectors faring best as of midday Tuesday, shares of Services companies are outperforming other sectors, higher by 1.0%. Within that group, Caesars Entertainment Inc (Symbol: CZR) and Walgreens Boots Alliance Inc (Symbol: WBA) are two large stocks leading the way, showing a gain of 3.6% and 3.1%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 35.57% year-to-date. Caesars Entertainment Inc, meanwhile, is up 15.88% year-to-date, and Walgreens Boots Alliance Inc, is down 25.56% year-to-date. CZR makes up approximately 0.2% of the underlying holdings of IYC.
The next best performing sector is the Materials sector, higher by 1.0%. Among large Materials stocks, Mosaic Co (Symbol: MOS) and FMC Corp. (Symbol: FMC) are the most notable, showing a gain of 2.9% and 2.8%, respectively. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.0% in midday trading, and up 12.46% on a year-to-date basis. Mosaic Co, meanwhile, is down 8.26% year-to-date, and FMC Corp., is down 50.13% year-to-date. Combined, MOS and FMC make up approximately 1.9% of the underlying holdings of XLB.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, nine sectors are up on the day, while none of the sectors are down.
SECTOR % CHANGE
Services +1.0%
Materials +1.0%
Healthcare +0.9%
Financial +0.9%
Energy +0.7%
Consumer Products +0.6%
Industrial +0.6%
Technology & Communications +0.5%
Utilities +0.4%
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Combined, MOS and FMC make up approximately 1.9% of the underlying holdings of XLB. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. Services +1.0% Materials +1.0% Healthcare +0.9% Financial +0.9% Energy +0.7% Consumer Products +0.6% Industrial +0.6% Technology & Communications +0.5% Utilities +0.4% 25 Dividend Giants Widely Held By ETFs » Also see: Future Dividend Aristocrats OTT Insider Buying DRAY YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Within that group, Caesars Entertainment Inc (Symbol: CZR) and Walgreens Boots Alliance Inc (Symbol: WBA) are two large stocks leading the way, showing a gain of 3.6% and 3.1%, respectively. Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 35.57% year-to-date. Among large Materials stocks, Mosaic Co (Symbol: MOS) and FMC Corp. (Symbol: FMC) are the most notable, showing a gain of 2.9% and 2.8%, respectively. | Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 35.57% year-to-date. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.0% in midday trading, and up 12.46% on a year-to-date basis. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. | Among the largest ETFs, one ETF closely following services stocks is the iShares U.S. Consumer Services ETF (Symbol: IYC), which is up 0.7% on the day, and up 35.57% year-to-date. One ETF closely tracking Materials stocks is the Materials Select Sector SPDR ETF (XLB), which is up 1.0% in midday trading, and up 12.46% on a year-to-date basis. Mosaic Co, meanwhile, is down 8.26% year-to-date, and FMC Corp., is down 50.13% year-to-date. | 03451f23-2f9d-4aa4-9982-1dc96e504e7f |
710684.0 | 2023-12-16 03:00:00 UTC | What Is the Best Large-Cap Growth ETF to Buy Right Now? | DCOMP | https://www.nasdaq.com/articles/what-is-the-best-large-cap-growth-etf-to-buy-right-now | nan | nan | Large-cap growth stocks have been soaring this year, driven by the strong demand for artificial intelligence and cutting-edge weight loss drugs. Consequently, several exchange-traded funds (ETFs) that focus on these themes have delivered impressive returns this year. Perhaps most importantly, though, this trend is likely to continue in the coming years as AI becomes more pervasive and more next-generation weight loss medicines hit the market.
How can investors choose the best large-cap growth ETF to take advantage of this trend? To answer this question, I compared three of the most popular funds in this category. Keep reading to find out more.
Image source: Getty Images.
Large-cap growth ETFs: A comparison
One of the best ways to invest in large-cap growth stocks is through ETFs that track this segment of the market. Among the most popular ETFs in this category are the iShares S&P 500 Growth ETF (NYSEMKT: IVW), the Schwab U.S. Large-Cap Growth ETF (NYSEMKT: SCHG), and the Vanguard Growth Index Fund (NYSEMKT: VUG).
These funds are all designed to replicate the performance of a benchmark index of large-cap growth stocks. They also have low fees, consistently strong returns over the prior 10 years, and exposure to key growth themes like AI and obesity care.
The table below outlines each fund's key metrics and compares them to the Vanguard 500 Index Fund (NYSEMKT: VOO), which tracks the S&P 500.
ETF
BENCHMARK
EXPENSE RATIO (%)
YIELD (%)
ALPHA
BETA
10-YEAR TOTAL RETURN (%)
IVW
S&P 500 Growth
0.18
0.96
(3.39)
1.11
253.1
SCHG
Dow Jones U.S. Large-Cap Growth Total Stock Market Index
0.04
0.43%
(0.76)
1.16
310.4
VUG
CRSP US Large Cap Growth Index
0.04
0.56
(2.60)
1.18
280.4
VOO
S&P 500
0.03
1.47
(0.04)
1.00
218.5
Alpha and betas refer to the ETF's performance relative to the S&P 500 over the past 36 months. Total returns assume the dividend was reinvested and taxes were deferred over the theoretical holding period.
All of these large-cap growth ETFs handily outperformed the benchmark S&P 500 over the past 10 years. However, one of them stands out from the rest in terms of performance and cost efficiency. The SCHG, offered by Charles Schwab, has delivered the highest total returns among the trio, and it matches the Vanguard Growth Index Fund on the expense ratio front.
For investors who prioritize liquidity, though, the IVW might be a better choice, as it has the highest average daily volume of the three ETFs at around 1.97 million shares traded over the past three months. This feature makes it more suitable for active trading strategies. That being said, the other two funds are also highly liquid, making them suitable for most lay investors, especially those with a long-term outlook.
Winner
Although all three of these large-cap growth ETFs may be worth buying as part of a diversified portfolio, the Schwab U.S. Large-Cap Growth ETF is arguably the best choice if you can only buy one of these supercharged funds. It offers extremely low fees and superior returns compared with its immediate peers in the same category.
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Charles Schwab is an advertising partner of The Ascent, a Motley Fool company. George Budwell has positions in Vanguard S&P 500 ETF. The Motley Fool has positions in and recommends Vanguard Index Funds-Vanguard Growth ETF and Vanguard S&P 500 ETF. The Motley Fool recommends Charles Schwab and recommends the following options: short December 2023 $52.50 puts on Charles Schwab. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Large-cap growth stocks have been soaring this year, driven by the strong demand for artificial intelligence and cutting-edge weight loss drugs. The SCHG, offered by Charles Schwab, has delivered the highest total returns among the trio, and it matches the Vanguard Growth Index Fund on the expense ratio front. For investors who prioritize liquidity, though, the IVW might be a better choice, as it has the highest average daily volume of the three ETFs at around 1.97 million shares traded over the past three months. | Among the most popular ETFs in this category are the iShares S&P 500 Growth ETF (NYSEMKT: IVW), the Schwab U.S. Large-Cap Growth ETF (NYSEMKT: SCHG), and the Vanguard Growth Index Fund (NYSEMKT: VUG). Dow Jones U.S. Large-Cap Growth Total Stock Market Index 0.04 0.43% (0.76) 1.16 310.4 Before you buy stock in Charles Schwab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Charles Schwab wasn't one of them. | Large-cap growth ETFs: A comparison One of the best ways to invest in large-cap growth stocks is through ETFs that track this segment of the market. Among the most popular ETFs in this category are the iShares S&P 500 Growth ETF (NYSEMKT: IVW), the Schwab U.S. Large-Cap Growth ETF (NYSEMKT: SCHG), and the Vanguard Growth Index Fund (NYSEMKT: VUG). Winner Although all three of these large-cap growth ETFs may be worth buying as part of a diversified portfolio, the Schwab U.S. Large-Cap Growth ETF is arguably the best choice if you can only buy one of these supercharged funds. | Among the most popular ETFs in this category are the iShares S&P 500 Growth ETF (NYSEMKT: IVW), the Schwab U.S. Large-Cap Growth ETF (NYSEMKT: SCHG), and the Vanguard Growth Index Fund (NYSEMKT: VUG). S&P 500 Growth 0.18 0.96 (3.39) 1.11 253.1 The SCHG, offered by Charles Schwab, has delivered the highest total returns among the trio, and it matches the Vanguard Growth Index Fund on the expense ratio front. | 0294c016-427d-4029-9382-c25e223f4994 |
710685.0 | 2023-12-16 02:00:00 UTC | Financial Sector Update for 12/19/2023: MARA, UBS, ACN | DCOMP | https://www.nasdaq.com/articles/financial-sector-update-for-12-19-2023%3A-mara-ubs-acn | nan | nan | Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising nearly 1% and the Financial Select Sector SPDR Fund (XLF) ahead 0.7%.
The Philadelphia Housing Index was climbing 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.8%.
Bitcoin (BTC-USD) was declining 1.2% to $42,142, and the yield for 10-year US Treasuries was dropping 3 basis points to 3.92%.
In economic news, November housing starts jumped almost 15% sequentially to a 1.56 million annual rate, above expectations compiled by Bloomberg for 1.36 million and 1.359 million in October. Building permits fell 2.5% to a 1.46 million rate in November, versus expectations for 1.465 million and 1.498 million in the previous month.
In corporate news, Marathon Digital (MARA) jumped past 8% after it said Tuesday that it has agreed to buy two operational Bitcoin mining sites, totaling 390 megawatts of capacity, from subsidiaries of Generate Capital for $178.6 million in cash.
UBS (UBS) gained more than 5% after activist investor Cevian Capital said it has taken a 1.3% stake in the Swiss bank for around 1.2 billion euros ($1.31 billion), saying that it "sees significant value potential" in UBS after its takeover of Credit Suisse.
Accenture (ACN) issued a downbeat fiscal Q2 revenue outlook despite reporting higher fiscal Q1 adjusted earnings and revenue. The professional services company said it expects fiscal Q2 revenue of $15.4 billion to $16 billion. Analysts polled by Capital IQ estimated $16.25 billion. Accenture shares were fractionally higher.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Philadelphia Housing Index was climbing 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.8%. Bitcoin (BTC-USD) was declining 1.2% to $42,142, and the yield for 10-year US Treasuries was dropping 3 basis points to 3.92%. In corporate news, Marathon Digital (MARA) jumped past 8% after it said Tuesday that it has agreed to buy two operational Bitcoin mining sites, totaling 390 megawatts of capacity, from subsidiaries of Generate Capital for $178.6 million in cash. | Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising nearly 1% and the Financial Select Sector SPDR Fund (XLF) ahead 0.7%. The Philadelphia Housing Index was climbing 1.4%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.8%. Building permits fell 2.5% to a 1.46 million rate in November, versus expectations for 1.465 million and 1.498 million in the previous month. | In economic news, November housing starts jumped almost 15% sequentially to a 1.56 million annual rate, above expectations compiled by Bloomberg for 1.36 million and 1.359 million in October. UBS (UBS) gained more than 5% after activist investor Cevian Capital said it has taken a 1.3% stake in the Swiss bank for around 1.2 billion euros ($1.31 billion), saying that it "sees significant value potential" in UBS after its takeover of Credit Suisse. Accenture (ACN) issued a downbeat fiscal Q2 revenue outlook despite reporting higher fiscal Q1 adjusted earnings and revenue. | In economic news, November housing starts jumped almost 15% sequentially to a 1.56 million annual rate, above expectations compiled by Bloomberg for 1.36 million and 1.359 million in October. Accenture (ACN) issued a downbeat fiscal Q2 revenue outlook despite reporting higher fiscal Q1 adjusted earnings and revenue. The professional services company said it expects fiscal Q2 revenue of $15.4 billion to $16 billion. | ca997b24-f82e-41d7-bc0d-a26b9cacf3d7 |
710686.0 | 2023-12-16 02:00:00 UTC | Clorox's (CLX) Growth Strategies Seem Encouraging: Here's Why | DCOMP | https://www.nasdaq.com/articles/cloroxs-clx-growth-strategies-seem-encouraging%3A-heres-why | nan | nan | The Clorox Company CLX appears to be doing well on the bourses, thanks to its strategic initiatives, including innovation pipeline, digital transformation, and pricing and cost-saving efforts. The company has been on track with its streamlined operating model, which aims to improve efficiency. In addition, its IGNITE strategy is progressing well.
Buoyed by such positives, shares of this Zacks Rank #3 (Hold) company have risen 4.7% over the past three months against the industry’s 4.7% decline. A VGM Score of B further adds to the strength.
Let’s Delve Deeper
Clorox is gaining from pricing and cost-saving initiatives. Also, its streamlined operating model has been boosting efficiency and, in turn, margins. The streamlined operating model is expected to enhance the company's ability to respond quickly to changing consumer behaviors, innovate faster and increase future cash flow as a result of cost savings that will be generated primarily in the areas of selling and administration, supply chain, marketing, and research and development.
This led to a gross margin expansion of 240 basis points year over year to 42.7% during the first quarter of fiscal 2024. It marked the fourth consecutive quarter of gross margin expansion. As a result, adjusted earnings of 49 cents per share beat the Zacks Consensus Estimate of a loss of 20 cents per share.
For fiscal 2023, the gross margin is projected to be flat year over year due to the combined benefits of pricing actions, cost savings and supply-chain optimization efforts. These positives are likely to be offset by input cost inflation and cyberattack impacts.
Image Source: Zacks Investment Research
Clorox’s IGNITE initiative is an integrated strategy, which focuses on the expansion of the key elements under the 2020 Strategy to pace up innovation in each area of the business. This strategy encompasses the long-term financial targets of achieving net sales growth of 3-5%, EBIT margin expansion of 25-50 basis points and free cash flow generation of 11-13% of sales.
Management announced a streamlined operating model to create a faster, simpler company through the Reimagine Work under its IGNITE strategy. The operating model helps increase efficiency and transforms the company's operations in the areas of supply chain, digital commerce, innovation and brand building over the long term. CLX expects the operating model to generate ongoing annual savings in the band of $75-$100 million.
Clorox previously announced plans to invest $500 million in the next five years in transformative technologies and processes. The investments began in the first quarter of fiscal 2022 and include the replacement of the company's enterprise resource planning system, its transition to a cloud-based platform and the implementation of a suite of other digital technologies.
Furthermore, Clorox has been experiencing strong progress in the core International business as it continues to build on the success of the segment's Go Lean strategy. These efforts will help in accelerating profitable growth for the International segment. Management continues to explore international opportunities. In first-quarter fiscal 2024, organic sales for the International segment improved 9%. The segment’s adjusted EBIT surged 48% on gains in pricing.
Given the aforesaid strengths, we believe that Clorox will continue to perform well in the future. For fiscal 2025, the Zacks Consensus Estimate for CLX’s sales and earnings per share (EPS) is currently pegged at $7.5 billion and $5.83, respectively, reflecting an increase of 7.5% and 27.4% from the year-ago quarter's reported numbers.
Some Solid Staple Bets
Lamb Weston LW, which offers frozen potato products, currently sports a Zacks Rank #1 (Strong Buy). LW delivered an earnings surprise of 49.5% in the last reported quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Lamb Weston’s current financial-year sales and earnings implies growth of 28.3% and 24.8%, respectively, from the year-ago reported numbers.
The J. M. Smucker Company SJM, a branded food and beverage product company, currently carries a Zacks Rank #2 (Buy). SJM has a trailing four-quarter earnings surprise of 6.1%, on average.
The Zacks Consensus Estimate for J. M. Smucker’s current fiscal-year earnings indicates growth of 7% from the year-ago reported figure.
Celsius Holdings CELH, which offers functional drinks and liquid supplements, currently carries a Zacks Rank of 2. CELH delivered an average earnings surprise of 110.9% in the trailing four quarters.
The Zacks Consensus Estimate for Celsius Holdings’ current fiscal-year sales and earnings indicates growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers.
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One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The streamlined operating model is expected to enhance the company's ability to respond quickly to changing consumer behaviors, innovate faster and increase future cash flow as a result of cost savings that will be generated primarily in the areas of selling and administration, supply chain, marketing, and research and development. The investments began in the first quarter of fiscal 2022 and include the replacement of the company's enterprise resource planning system, its transition to a cloud-based platform and the implementation of a suite of other digital technologies. For fiscal 2025, the Zacks Consensus Estimate for CLX’s sales and earnings per share (EPS) is currently pegged at $7.5 billion and $5.83, respectively, reflecting an increase of 7.5% and 27.4% from the year-ago quarter's reported numbers. | This strategy encompasses the long-term financial targets of achieving net sales growth of 3-5%, EBIT margin expansion of 25-50 basis points and free cash flow generation of 11-13% of sales. The operating model helps increase efficiency and transforms the company's operations in the areas of supply chain, digital commerce, innovation and brand building over the long term. Click to get this free report The Clorox Company (CLX) : Free Stock Analysis Report The J. M. Smucker Company (SJM) : Free Stock Analysis Report Lamb Weston (LW) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here. | For fiscal 2025, the Zacks Consensus Estimate for CLX’s sales and earnings per share (EPS) is currently pegged at $7.5 billion and $5.83, respectively, reflecting an increase of 7.5% and 27.4% from the year-ago quarter's reported numbers. The Zacks Consensus Estimate for Celsius Holdings’ current fiscal-year sales and earnings indicates growth of 98.5% and 185.2%, respectively, from the year-ago reported numbers. Click to get this free report The Clorox Company (CLX) : Free Stock Analysis Report The J. M. Smucker Company (SJM) : Free Stock Analysis Report Lamb Weston (LW) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here. | The J. M. Smucker Company SJM, a branded food and beverage product company, currently carries a Zacks Rank #2 (Buy). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report The Clorox Company (CLX) : Free Stock Analysis Report The J. M. Smucker Company (SJM) : Free Stock Analysis Report Lamb Weston (LW) : Free Stock Analysis Report Celsius Holdings Inc. (CELH) : Free Stock Analysis Report To read this article on Zacks.com click here. | 54d5004c-77d4-48c4-bb8e-470bf487146f |
710687.0 | 2023-12-16 02:00:00 UTC | Daily Dividend Report: BXP,HAS,SAND,APLE,SFBS | DCOMP | https://www.nasdaq.com/articles/daily-dividend-report%3A-bxphassandaplesfbs | nan | nan | Boston Properties, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period October 1, 2023 to December 31, 2023, payable on January 30, 2024 to shareholders of record as of the close of business on December 29, 2023.
Hasbro today announced that its Board of Directors has declared a quarterly cash dividend of $0.70 per common share. The dividend will be payable on February 1, 2024 to shareholders of record at the close of business on February 15, 2024.
Sandstorm Gold is pleased to announce that its Board of Directors has declared the Company's first quarterly cash dividend for 2024 in the amount of C$0.02 per common share to shareholders of record as of the close of business on January 16, 2024. The dividend will be paid on January 26, 2024.
Apple Hospitality REIT today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share and a special cash distribution of $0.05 per common share. The combined distribution of $0.13 per common share is payable on January 16, 2024, to shareholders of record as of December 29, 2023. Based on the Company's common stock closing price of $16.99 on December 18, 2023, the annualized regular monthly cash distribution of $0.96 per common share represents an annual yield of approximately 5.7%.
ServisFirst Bancshares, the holding company for ServisFirst Bank, today announces: At a meeting held on December 18, 2023, its Board of Directors increased the company's quarterly cash dividend from $0.28 per share to $0.30 per share. The dividend is payable on January 8, 2024 to stockholders of record as of January 2, 2024. ServisFirst has increased its dividend annually since the company went public in 2014.
VIDEO: Daily Dividend Report: BXP,HAS,SAND,APLE,SFBS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Boston Properties, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period October 1, 2023 to December 31, 2023, payable on January 30, 2024 to shareholders of record as of the close of business on December 29, 2023. Hasbro today announced that its Board of Directors has declared a quarterly cash dividend of $0.70 per common share. Sandstorm Gold is pleased to announce that its Board of Directors has declared the Company's first quarterly cash dividend for 2024 in the amount of C$0.02 per common share to shareholders of record as of the close of business on January 16, 2024. | Boston Properties, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period October 1, 2023 to December 31, 2023, payable on January 30, 2024 to shareholders of record as of the close of business on December 29, 2023. Apple Hospitality REIT today announced that its Board of Directors declared a regular monthly cash distribution of $0.08 per common share and a special cash distribution of $0.05 per common share. Based on the Company's common stock closing price of $16.99 on December 18, 2023, the annualized regular monthly cash distribution of $0.96 per common share represents an annual yield of approximately 5.7%. | Boston Properties, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period October 1, 2023 to December 31, 2023, payable on January 30, 2024 to shareholders of record as of the close of business on December 29, 2023. Sandstorm Gold is pleased to announce that its Board of Directors has declared the Company's first quarterly cash dividend for 2024 in the amount of C$0.02 per common share to shareholders of record as of the close of business on January 16, 2024. ServisFirst Bancshares, the holding company for ServisFirst Bank, today announces: At a meeting held on December 18, 2023, its Board of Directors increased the company's quarterly cash dividend from $0.28 per share to $0.30 per share. | Boston Properties, the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period October 1, 2023 to December 31, 2023, payable on January 30, 2024 to shareholders of record as of the close of business on December 29, 2023. Sandstorm Gold is pleased to announce that its Board of Directors has declared the Company's first quarterly cash dividend for 2024 in the amount of C$0.02 per common share to shareholders of record as of the close of business on January 16, 2024. The dividend is payable on January 8, 2024 to stockholders of record as of January 2, 2024. | f646b3c2-d913-47af-8001-2a9aba3b0190 |
710688.0 | 2023-12-16 02:00:00 UTC | Consumer Sector Update for 12/19/2023: AMZN, M, CMCSA | DCOMP | https://www.nasdaq.com/articles/consumer-sector-update-for-12-19-2023%3A-amzn-m-cmcsa | nan | nan | Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.
Redbook US same-store sales rose 3.6% from a year earlier during the week ended Dec. 16, after a 3.4% year-over-year increase in the previous week.
In corporate news, Amazon.com (AMZN) could be soon carrying games played by more than 40 major league baseball, basketball, and hockey teams on its Prime streaming platform as part of a broader package that would see the e-commerce and logistics company also acquiring an equity stake in Diamond Sports, according to The Wall Street Journal. Amazon shares were shedding 0.5%.
Macy's (M) rose 1.9% after Morgan Stanley raised its price target to $21 from $15 "on what likely makes for a floor in the stock, for now" while maintaining the equal-weight rating.
Comcast's (CMCSA) Xfinity said Monday it experienced a recent data-security incident in which the internet and content provider's customer data could have been compromised. Comcast shares were slightly lower.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, Amazon.com (AMZN) could be soon carrying games played by more than 40 major league baseball, basketball, and hockey teams on its Prime streaming platform as part of a broader package that would see the e-commerce and logistics company also acquiring an equity stake in Diamond Sports, according to The Wall Street Journal. Macy's (M) rose 1.9% after Morgan Stanley raised its price target to $21 from $15 "on what likely makes for a floor in the stock, for now" while maintaining the equal-weight rating. Comcast's (CMCSA) Xfinity said Monday it experienced a recent data-security incident in which the internet and content provider's customer data could have been compromised. | Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%. Comcast shares were slightly lower. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%. In corporate news, Amazon.com (AMZN) could be soon carrying games played by more than 40 major league baseball, basketball, and hockey teams on its Prime streaming platform as part of a broader package that would see the e-commerce and logistics company also acquiring an equity stake in Diamond Sports, according to The Wall Street Journal. Comcast's (CMCSA) Xfinity said Monday it experienced a recent data-security incident in which the internet and content provider's customer data could have been compromised. | Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%. Redbook US same-store sales rose 3.6% from a year earlier during the week ended Dec. 16, after a 3.4% year-over-year increase in the previous week. In corporate news, Amazon.com (AMZN) could be soon carrying games played by more than 40 major league baseball, basketball, and hockey teams on its Prime streaming platform as part of a broader package that would see the e-commerce and logistics company also acquiring an equity stake in Diamond Sports, according to The Wall Street Journal. | fd0dfea3-9760-4e87-b568-ab8b82fe2192 |
710689.0 | 2023-12-16 02:00:00 UTC | Tuesday 12/19 Insider Buying Report: CSPI, JFR | DCOMP | https://www.nasdaq.com/articles/tuesday-12-19-insider-buying-report%3A-cspi-jfr | nan | nan | As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Friday, CSPI's , Joseph R. Nerges, made a $329,767 purchase of CSPI, buying 18,138 shares at a cost of $18.18 each. So far Nerges is in the green, up about 7.9% on their buy based on today's trading high of $19.62. CSPI is trading up about 2.5% on the day Tuesday. Before this latest buy, Nerges purchased CSPI at 20 other times during the past year, for a total cost of $1.17M at an average of $12.75 per share.
And at Nuveen Floating Rate Income Fund, there was insider buying on Friday, by Matthew Thornton III who bought 29,000 shares at a cost of $8.16 each, for a trade totaling $236,643. This purchase marks the first one filed by Thornton III in the past year. Nuveen Floating Rate Income Fund is trading off about 0.2% on the day Tuesday. Bargain hunters have the opportunity to pick up JFR even cheaper than Thornton III did, with shares trading as low as $8.08 at last check today which is 1.0% under Thornton III's purchase price.
VIDEO: Tuesday 12/19 Insider Buying Report: CSPI, JFR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Before this latest buy, Nerges purchased CSPI at 20 other times during the past year, for a total cost of $1.17M at an average of $12.75 per share. And at Nuveen Floating Rate Income Fund, there was insider buying on Friday, by Matthew Thornton III who bought 29,000 shares at a cost of $8.16 each, for a trade totaling $236,643. Nuveen Floating Rate Income Fund is trading off about 0.2% on the day Tuesday. | And at Nuveen Floating Rate Income Fund, there was insider buying on Friday, by Matthew Thornton III who bought 29,000 shares at a cost of $8.16 each, for a trade totaling $236,643. Nuveen Floating Rate Income Fund is trading off about 0.2% on the day Tuesday. VIDEO: Tuesday 12/19 Insider Buying Report: CSPI, JFR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Friday, CSPI's , Joseph R. Nerges, made a $329,767 purchase of CSPI, buying 18,138 shares at a cost of $18.18 each. And at Nuveen Floating Rate Income Fund, there was insider buying on Friday, by Matthew Thornton III who bought 29,000 shares at a cost of $8.16 each, for a trade totaling $236,643. Bargain hunters have the opportunity to pick up JFR even cheaper than Thornton III did, with shares trading as low as $8.08 at last check today which is 1.0% under Thornton III's purchase price. | As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. CSPI is trading up about 2.5% on the day Tuesday. And at Nuveen Floating Rate Income Fund, there was insider buying on Friday, by Matthew Thornton III who bought 29,000 shares at a cost of $8.16 each, for a trade totaling $236,643. | 7e3c3f8b-ed5e-4fd8-b68e-18775c70918b |
710690.0 | 2023-12-16 02:00:00 UTC | Technology Sector Update for 12/19/2023: AAPL, GOOG, LGCB | DCOMP | https://www.nasdaq.com/articles/technology-sector-update-for-12-19-2023%3A-aapl-goog-lgcb | nan | nan | Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.1% and the SPDR S&P Semiconductor ETF (XSD) up 0.6%.
The Philadelphia Semiconductor index rose 0.3%.
In corporate news, Apple (AAPL) is exploring various solutions, including adjusting the algorithm used for measuring blood oxygen on its smartwatches, to evade a ban on its latest Apple Watch Series 9 and Ultra 2 smartwatches in the US, Bloomberg reported Monday. Apple shares edged up 0.2%.
Linkage Global (LGCB) shares fell more than 16% in recent Tuesday trading, extending their decline after debuting on Nasdaq.
Alphabet's (GOOG) Google has agreed to pay $700 million to settle a lawsuit brought by US states that alleged the company inhibited competition in its Play app store, according to a settlement disclosed on Monday. Alphabet shares were slightly higher.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, Apple (AAPL) is exploring various solutions, including adjusting the algorithm used for measuring blood oxygen on its smartwatches, to evade a ban on its latest Apple Watch Series 9 and Ultra 2 smartwatches in the US, Bloomberg reported Monday. Linkage Global (LGCB) shares fell more than 16% in recent Tuesday trading, extending their decline after debuting on Nasdaq. Alphabet's (GOOG) Google has agreed to pay $700 million to settle a lawsuit brought by US states that alleged the company inhibited competition in its Play app store, according to a settlement disclosed on Monday. | Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.1% and the SPDR S&P Semiconductor ETF (XSD) up 0.6%. Apple shares edged up 0.2%. Alphabet shares were slightly higher. | Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.1% and the SPDR S&P Semiconductor ETF (XSD) up 0.6%. In corporate news, Apple (AAPL) is exploring various solutions, including adjusting the algorithm used for measuring blood oxygen on its smartwatches, to evade a ban on its latest Apple Watch Series 9 and Ultra 2 smartwatches in the US, Bloomberg reported Monday. Linkage Global (LGCB) shares fell more than 16% in recent Tuesday trading, extending their decline after debuting on Nasdaq. | Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.1% and the SPDR S&P Semiconductor ETF (XSD) up 0.6%. The Philadelphia Semiconductor index rose 0.3%. Apple shares edged up 0.2%. | c3660bde-2a6a-4510-b1fe-bb420928f88d |
710691.0 | 2023-12-16 02:00:00 UTC | DexCom's (DXCM) G7 CGM Connects With Tandem's Insulin Pump | DCOMP | https://www.nasdaq.com/articles/dexcoms-dxcm-g7-cgm-connects-with-tandems-insulin-pump | nan | nan | DexCom, Inc. DXCM announced that its latest G7 continuous glucose monitoring (CGM) system can now connect with Tandem Diabetes Care's t:slim X2 insulin pump featuring Control-IQ technology. This groundbreaking collaboration not only solidifies Dexcom's standing as the global leader in CGM connectivity but also propels the company to new heights in advancing Automated Insulin Delivery (AID) systems.
Per DXCM, its G7 CGM system is the smallest and most accurate CGM system that can connect with Tandem Diabetes Care’s AID system, t:slim X2 insulin pump.
Price Performance
DexCom’s shares have risen 9% year to date compared with the industry’s 1.7% growth. The S&P 500 Index has increased 23.4% in the same time frame.
Image Source: Zacks Investment Research
Proven Clinical Efficacy
Dexcom's pioneering role in CGM connectivity spans over a decade, with a track record of powering AID systems for more than one million patient years. The clinically meaningful health outcome achieved with the t:slim X2 insulin pump and Control-IQ technology is underscored by the seamless integration with Dexcom's CGM technology. The recent COMISAIR seven-year follow-up, the longest prospective real-world CGM study, reaffirms Dexcom's dominance, demonstrating sustained reductions in HbA1c and a lower risk of diabetic retinopathy progression.
Advantages of Dexcom G7 Integration
With a rapid 30-minute sensor warm-up time, predictive urgent low alerts, and the elimination of fingersticks from day one, the G7 sets a new standard in CGM technology. Users can also share real-time glucose data with loved ones through remote monitoring capabilities, enhancing both patient and caregiver experience.
Endorsements from Dr. Nicholas Argento, MD FACE, emphasize the positive impacts of AID systems coupled with real-time CGM. Increased time in range, fewer hypoglycemic incidents and greater peace of mind will likely benefit individuals in managing diabetes. Tandem Diabetes Care will provide a free remote software update to all in-warranty t:slim X2 users to support the integration of Dexcom G7.
Industry Prospects
Per a Research report, the AID system market was valued at $749.2 million in 2022 and is expected to witness a CAGR of 9.8% by 2030.
With Dexcom G7 sensors for t:slim X2 pump now available through Durable Medical Equipment distributors, and pharmacy availability on the horizon, Dexcom is poised to further solidify its foothold in diabetes care. The strategic partnership with Tandem Diabetes Care marks a significant step toward providing cutting-edge solutions that empower individuals with diabetes and healthcare providers alike, setting a new standard for integrated diabetes management.
Notable Developments
In October, DexCom exited third-quarter 2023 on a strong note, wherein both earnings and revenues beat their respective estimates. Impressive contributions from the Sensor segment, and domestic and international revenue growth were the key catalysts. Moreover, the expansion of coverage for CGM systems during the quarter supported growth. This trend is likely to continue for the rest of 2023. The availability of new sensors like G6 & G7 in new international markets is also boosting revenue growth.
In August, DexCom announced that its DexCom G6 CGM system can now connect with the Omnipod 5 AID system in Germany. The Omnipod 5 AID system has been developed by Insulet Corporation.
DexCom, Inc. Price
DexCom, Inc. price | DexCom, Inc. Quote
Zacks Rank & Other Stocks to Consider
DexCom currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the broader medical space are Integer Holdings ITGR, HealthEquity, Inc. HQY and Biodesix BDSX.
Integer Holdings, carrying a Zacks Rank #1 (Strong Buy) at present, has an estimated long-term growth rate of 33.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
ITGR’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 11.98%. The company’s shares have risen 42.5% year to date compared with the industry’s 1.7% growth.
HealthEquity, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 26.8%. HQY’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 16.5%.
The company’s shares have rallied 15% year to date against the industry’s 9.9% decline.
Biodesix, carrying a Zacks Rank #2 at present, has an estimated growth rate of 32.3% for 2024. BDSX’s earnings surpassed estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.76%.
The stock has fallen 30.9% year to date compared with the industry’s 9.9% decline.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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DexCom, Inc. (DXCM) : Free Stock Analysis Report
HealthEquity, Inc. (HQY) : Free Stock Analysis Report
Integer Holdings Corporation (ITGR) : Free Stock Analysis Report
Biodesix, Inc. (BDSX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | DexCom, Inc. DXCM announced that its latest G7 continuous glucose monitoring (CGM) system can now connect with Tandem Diabetes Care's t:slim X2 insulin pump featuring Control-IQ technology. Image Source: Zacks Investment Research Proven Clinical Efficacy Dexcom's pioneering role in CGM connectivity spans over a decade, with a track record of powering AID systems for more than one million patient years. The recent COMISAIR seven-year follow-up, the longest prospective real-world CGM study, reaffirms Dexcom's dominance, demonstrating sustained reductions in HbA1c and a lower risk of diabetic retinopathy progression. | DexCom, Inc. DXCM announced that its latest G7 continuous glucose monitoring (CGM) system can now connect with Tandem Diabetes Care's t:slim X2 insulin pump featuring Control-IQ technology. Integer Holdings, carrying a Zacks Rank #1 (Strong Buy) at present, has an estimated long-term growth rate of 33.6%. Click to get this free report DexCom, Inc. (DXCM) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report Biodesix, Inc. (BDSX) : Free Stock Analysis Report To read this article on Zacks.com click here. | Per DXCM, its G7 CGM system is the smallest and most accurate CGM system that can connect with Tandem Diabetes Care’s AID system, t:slim X2 insulin pump. DexCom, Inc. Price DexCom, Inc. price | DexCom, Inc. Quote Zacks Rank & Other Stocks to Consider DexCom currently carries a Zacks Rank #2 (Buy). Click to get this free report DexCom, Inc. (DXCM) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report Biodesix, Inc. (BDSX) : Free Stock Analysis Report To read this article on Zacks.com click here. | DexCom, Inc. DXCM announced that its latest G7 continuous glucose monitoring (CGM) system can now connect with Tandem Diabetes Care's t:slim X2 insulin pump featuring Control-IQ technology. Per DXCM, its G7 CGM system is the smallest and most accurate CGM system that can connect with Tandem Diabetes Care’s AID system, t:slim X2 insulin pump. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 039df3b8-02f3-4b14-aa72-ca51014134a3 |
710692.0 | 2023-12-16 02:00:00 UTC | Health Care Sector Update for 12/19/2023: CVAC, AVXL, XOMA | DCOMP | https://www.nasdaq.com/articles/health-care-sector-update-for-12-19-2023%3A-cvac-avxl-xoma | nan | nan | Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.4%.
The iShares Biotechnology ETF (IBB) rose 1.2%.
In corporate news, CureVac (CVAC) shares tumbled 28% after the company said Tuesday that Germany's Federal Patent Court invalidated one of its patents following a nullity action filed by BioNTech (BNTX). Shares of BioNTech rose 1.1%.
Anavex Life Sciences (AVXL) shares jumped 12% after the European Medicines Agency approved the eligibility of the company's oral blarcamesine for Alzheimer's disease under a centralized procedure for all EU member states.
Xoma (XOMA) soared 17% after it said Tuesday it has obtained a royalty-backed loan of up to $140 million from Blue Owl Capital (OWL).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, CureVac (CVAC) shares tumbled 28% after the company said Tuesday that Germany's Federal Patent Court invalidated one of its patents following a nullity action filed by BioNTech (BNTX). Anavex Life Sciences (AVXL) shares jumped 12% after the European Medicines Agency approved the eligibility of the company's oral blarcamesine for Alzheimer's disease under a centralized procedure for all EU member states. Xoma (XOMA) soared 17% after it said Tuesday it has obtained a royalty-backed loan of up to $140 million from Blue Owl Capital (OWL). | Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.4%. Shares of BioNTech rose 1.1%. Xoma (XOMA) soared 17% after it said Tuesday it has obtained a royalty-backed loan of up to $140 million from Blue Owl Capital (OWL). | Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.4%. In corporate news, CureVac (CVAC) shares tumbled 28% after the company said Tuesday that Germany's Federal Patent Court invalidated one of its patents following a nullity action filed by BioNTech (BNTX). Anavex Life Sciences (AVXL) shares jumped 12% after the European Medicines Agency approved the eligibility of the company's oral blarcamesine for Alzheimer's disease under a centralized procedure for all EU member states. | Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.4%. Shares of BioNTech rose 1.1%. Anavex Life Sciences (AVXL) shares jumped 12% after the European Medicines Agency approved the eligibility of the company's oral blarcamesine for Alzheimer's disease under a centralized procedure for all EU member states. | a7cecb7b-b68c-44dd-98d8-d530cc8cf922 |
710693.0 | 2023-12-16 02:00:00 UTC | NIO to Get $2.2B Investment From Abu Dhabi Government Fund | DCOMP | https://www.nasdaq.com/articles/nio-to-get-%242.2b-investment-from-abu-dhabi-government-fund | nan | nan | NIO Inc. NIO signed a deal to receive an investment of $2.2 billion from CYVN Holdings LLC, an Abu Dhabi government fund.
The automaker secured the investment while struggling with damping electric vehicle (EV) sales and profitability due to the price war started by Tesla. In an effort to boost efficiency, Nio slashed one-tenth of its workforce and deferred non-core projects.
Per NIO, the transaction is expected to close in the last week of December. Upon the completion of the transaction, CYVN will own 20.1% of the company's total issued and outstanding shares. Both parties are subject to a few lock-up arrangements for six months after the completion of the transaction, NIO added.
The latest transaction will make CVYN the largest single shareholder of NIO. However, William Li, founder and chief executive of NIO, will retain the maximum voting power.
CVYN will subscribe to 294 million newly issued Class A ordinary shares, priced at $7.50 per share. It will be entitled to nominate two directors to the board.
In July, CVYN invested $738.5 million in NIO. With the completion of that transaction, CVYN owned a total of 7% of NIO’s total outstanding shares.
During the latest reported quarter, the Chinese automaker incurred a net loss of $624.6 million, which widened 8% year over year. Vehicle margin in the third quarter declined to 11% from 16.4% recorded in the year-ago period. Widening losses and price cuts by competitors forced Nio to lower its prices for all models.
Zacks Rank & Other Key Picks
NIO currently carries a Zacks Rank #2 (Buy).
Some other top-ranked players in the auto space are Volvo VLVLY, Stellantis N.V. STLA and BYD Company Limited BYDDY. While VLVLY and STLA sport a Zacks Rank #1 (Strong Buy) each, BYDDY carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings indicates year-over-year growth of 4.2% and 70.6%, respectively. The EPS estimates for 2023 and 2024 have increased 8 cents and 7 cents, respectively, in the past seven days.
The Zacks Consensus Estimate for STLA’s 2023 sales and earnings indicates year-over-year growth of 12.3% and 10.5%, respectively. The EPS estimate for 2024 has increased 4 cents in the past 60 days.
The Zacks Consensus Estimate for BYDDY’s 2023 sales and earnings indicates year-over-year growth of 34.2% and 74.7%, respectively. The EPS estimates for 2023 and 2024 have increased 59 cents and 55 cents, respectively, in the past 60 days.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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
AB Volvo (VLVLY) : Free Stock Analysis Report
NIO Inc. (NIO) : Free Stock Analysis Report
Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report
Stellantis N.V. (STLA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The automaker secured the investment while struggling with damping electric vehicle (EV) sales and profitability due to the price war started by Tesla. Some other top-ranked players in the auto space are Volvo VLVLY, Stellantis N.V. STLA and BYD Company Limited BYDDY. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | Some other top-ranked players in the auto space are Volvo VLVLY, Stellantis N.V. STLA and BYD Company Limited BYDDY. While VLVLY and STLA sport a Zacks Rank #1 (Strong Buy) each, BYDDY carries a Zacks Rank #2 at present. Click to get this free report AB Volvo (VLVLY) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report To read this article on Zacks.com click here. | Zacks Rank & Other Key Picks NIO currently carries a Zacks Rank #2 (Buy). While VLVLY and STLA sport a Zacks Rank #1 (Strong Buy) each, BYDDY carries a Zacks Rank #2 at present. Click to get this free report AB Volvo (VLVLY) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report Byd Co., Ltd. (BYDDY) : Free Stock Analysis Report Stellantis N.V. (STLA) : Free Stock Analysis Report To read this article on Zacks.com click here. | In July, CVYN invested $738.5 million in NIO. While VLVLY and STLA sport a Zacks Rank #1 (Strong Buy) each, BYDDY carries a Zacks Rank #2 at present. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 18f34f22-6634-4ae5-93f2-80d6c587ef56 |
710694.0 | 2023-12-16 02:00:00 UTC | Can Shiba Inu Reach $1? | DCOMP | https://www.nasdaq.com/articles/can-shiba-inu-reach-%241-14 | nan | nan | More than two years after the peak of meme coin mania, Shiba Inu (CRYPTO: SHIB) remains a favorite target of crypto investors in search of the ultimate low-cost, high-upside investment. Despite the fact that it is still trading for the unbelievably low price of just $0.000010, many investors remain bullish that Shiba Inu can one day reach the $1 mark.
But just how realistic is that price target? Shiba Inu is still up just 25% for the year amid a sharp crypto rally that has seen the price of Bitcoin (CRYPTO: BTC) soar by more than 150%. So if you are thinking about investing in Shiba Inu, here are two important things to keep in mind.
1. The coin supply problem
Shiba Inu's stubbornly low price can be traced back to one primary factor: a huge circulating supply of 589 trillion coins. To put that number into context, meme-coin rival Dogecoin (CRYPTO: DOGE) has a circulating coin supply of 142 billion. Ethereum (CRYPTO: ETH) has a circulating supply of 120 million. And Bitcoin has a circulating supply of only 20 million.
Just with these numbers, it's possible to come up with a general rule of thumb for the crypto market: The greater the scarcity of a coin, the higher the price.
With some elementary-school math, it's possible to understand why a price target of $1 is so far out of reach. A price of $1 multiplied by a circulating supply of 589 trillion coins gives you an implied valuation of $589 trillion.
That number is unthinkably large when you consider that only a handful of U.S. companies have a market valuation of $1 trillion or more. So are we really going to project that Shiba Inu will be worth 500 times the value of an Amazon or Alphabet?
Image source: Getty Images.
The good news is that Shiba Inu is doing everything it can to reduce the outrageously large coin supply. The primary strategy is known as coin burning, which is the process of sending coins to a dead crypto wallet to permanently remove them from circulation. If you can burn enough coins for a long enough period of time, the thinking goes, you might be able to make a sizable dent in the circulating coin supply.
But, again, basic math shows us how impossible this really is. Even if you burn 1 billion coins per day, it would take 1,000 days to burn 1 trillion coins. That's nearly three years! And you would still have 588 trillion coins to deal with! It would literally take centuries to bring down the coin supply under 1 trillion.
2. An overcrowded meme coin market
Complicating matters further is an overcrowded meme coin market. When Shiba Inu was launched in August 2020, it was still something of a rarity in the crypto world. Sure, there was Dogecoin, but there really weren't any other mainstream meme coin competitors. It's easy to see how Shiba Inu captured the imagination of investors.
Nowadays, it almost seems like there has been a frenzied meme-coin breeding program featuring those lovable Shiba Inu dogs.
For example, there's Floki for fans of Elon Musk's pet Shiba Inu named Floki. And there's DogeElon Mars for fans of Shiba Inu dogs going to Mars with Elon Musk.
All of this makes it very difficult for Shiba Inu to regain its traction with meme coin investors. Arguably, the hottest meme coin of 2023 hasn't been Shiba Inu at all -- it's been Bonk, which is up a staggering 10,000% this year.
As a result, one of the leading blockchain developers for Shiba Inu recently acknowledged that it's time to forget about memes and focus instead on the harsh reality of building a working blockchain capable of gaining global adoption.
Should you buy Shiba Inu?
Given the above, it's hard to see Shiba Inu reaching the $1 mark anytime soon. Quite honestly, it's even hard to see Shiba Inu reaching the $0.01 mark anytime soon. The math just doesn't work. And on top of that, Shiba Inu can no longer lay claim to being the most popular meme coin in the crypto market after getting "bonked" this year.
Yes, an extended rally for Bitcoin could help to prop up the price of Shiba Inu in 2024. But looking out over the long term, there are much better cryptos to consider as low-cost, high-upside investment targets.
Should you invest $1,000 in Shiba Inu right now?
Before you buy stock in Shiba Inu, consider this:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Despite the fact that it is still trading for the unbelievably low price of just $0.000010, many investors remain bullish that Shiba Inu can one day reach the $1 mark. Just with these numbers, it's possible to come up with a general rule of thumb for the crypto market: The greater the scarcity of a coin, the higher the price. And on top of that, Shiba Inu can no longer lay claim to being the most popular meme coin in the crypto market after getting "bonked" this year. | More than two years after the peak of meme coin mania, Shiba Inu (CRYPTO: SHIB) remains a favorite target of crypto investors in search of the ultimate low-cost, high-upside investment. Even if you burn 1 billion coins per day, it would take 1,000 days to burn 1 trillion coins. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shiba Inu wasn't one of them. | More than two years after the peak of meme coin mania, Shiba Inu (CRYPTO: SHIB) remains a favorite target of crypto investors in search of the ultimate low-cost, high-upside investment. The coin supply problem Shiba Inu's stubbornly low price can be traced back to one primary factor: a huge circulating supply of 589 trillion coins. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shiba Inu wasn't one of them. | With some elementary-school math, it's possible to understand why a price target of $1 is so far out of reach. If you can burn enough coins for a long enough period of time, the thinking goes, you might be able to make a sizable dent in the circulating coin supply. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Shiba Inu wasn't one of them. | 2c274618-2b96-4e41-b0ec-c8d757f23973 |
710695.0 | 2023-12-16 02:00:00 UTC | After-Hours Earnings Report for December 19, 2023 : FDX, WOR, EPAC, SCS, KNW | DCOMP | https://www.nasdaq.com/articles/after-hours-earnings-report-for-december-19-2023-%3A-fdx-wor-epac-scs-knw | nan | nan | The following companies are expected to report earnings after hours on 12/19/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
FedEx Corporation (FDX)is reporting for the quarter ending November 30, 2023. The transportation company's consensus earnings per share forecast from the 10 analysts that follow the stock is $4.14. This value represents a 30.19% increase compared to the same quarter last year. In the past year FDX has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 22.97%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for FDX is 15.50 vs. an industry ratio of 21.10.
Worthington Enterprises, Inc. (WOR)is reporting for the quarter ending November 30, 2023. The diversified operations company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.81. This value represents a 84.09% increase compared to the same quarter last year. WOR missed the consensus earnings per share in the 4th calendar quarter of 2022 by -21.43%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for WOR is 10.10 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Enerpac Tool Group Corp. (EPAC)is reporting for the quarter ending November 30, 2023. The machinery company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.32. This value represents a 10.34% increase compared to the same quarter last year. In the past year EPAC Zacks Investment Research reports that the 2024 Price to Earnings ratio for EPAC is 17.40 vs. an industry ratio of 26.20.
Steelcase Inc. (SCS)is reporting for the quarter ending November 30, 2023. The business company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.17. This value represents a 15.00% decrease compared to the same quarter last year. In the past year SCS has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 82.35%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SCS is 17.62 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Know Labs, Inc. (KNW)is reporting for the quarter ending September 30, 2023. The consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.02. KNW reported earnings of $-0.13 per share for the same quarter a year ago; representing a a decrease of -84.62%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The diversified operations company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.81. The machinery company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.32. The business company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.17. | Zacks Investment Research reports that the 2024 Price to Earnings ratio for WOR is 10.10 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year EPAC Zacks Investment Research reports that the 2024 Price to Earnings ratio for EPAC is 17.40 vs. an industry ratio of 26.20. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SCS is 17.62 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2024 Price to Earnings ratio for WOR is 10.10 vs. an industry ratio of 9.00, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SCS is 17.62 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry. KNW reported earnings of $-0.13 per share for the same quarter a year ago; representing a a decrease of -84.62%. | In the past year FDX has beat the expectations every quarter. WOR missed the consensus earnings per share in the 4th calendar quarter of 2022 by -21.43%. In the past year SCS has beat the expectations every quarter. | 28ebd3aa-775c-44d1-a76e-1707ae175e45 |
710696.0 | 2023-12-16 02:00:00 UTC | Can Semiconductor ETFs Continue to Shine in 2024? | DCOMP | https://www.nasdaq.com/articles/can-semiconductor-etfs-continue-to-shine-in-2024 | nan | nan | Semiconductor stocks surged this year, thanks to the AI Bonanza, as these companies provide picks and shovels for the AI gold rush. Semiconductor ETFs are also the best-performing ETFs of the last 10 years, as chips—the basic building blocks of computation—have become integral in everything from smartphones to cars, laptops, PCs, video games, and data centers.
Shares of Nvidia NVDA, which currently holds more than 85% of the market for generative-AI chips, are up more than 240% this year. However, the stock has taken a breather since topping $500 in August, while some others, like Advanced Micro Devices AMD and Broadcom AVGO, have risen lately.
Despite the eye-popping surge, Nvidia now trades at just 25 times forward earnings, the lowest level since the end of 2018, according to top semiconductor analyst Stacy Rasgon.
Earlier this month, AMD introduced its newest AI chips that could provide some competition to Nvidia's H100. Microsoft MSFT and Meta META said they will use AMD’s MI300 chip. Intel INTC also announced it will launch its Gaudi3 AI chip next year.
The VanEck Vectors Semiconductor ETF SMH follows a market cap weighted index of 25 US-listed semiconductor companies. Nvidia and Taiwan Semiconductor TSM are its top holdings.
The iShares PHLX Semiconductor ETF SOXX is a modified market cap weighted ETF. It has 30 holdings with a cap of 8% on individual securities. Broadcom and AMD are its top holdings.
The SPDR S&P Semiconductor ETF XSD is an equal weighted ETF. The Invesco PHLX Semiconductor ETF SOXQ is now the cheapest product in the space.
To learn more about these stocks and ETFs, please watch the short video above.
Disclosure: Neena owns SOXX and XSD in the ETF Investor Portfolio.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | However, the stock has taken a breather since topping $500 in August, while some others, like Advanced Micro Devices AMD and Broadcom AVGO, have risen lately. Despite the eye-popping surge, Nvidia now trades at just 25 times forward earnings, the lowest level since the end of 2018, according to top semiconductor analyst Stacy Rasgon. Earlier this month, AMD introduced its newest AI chips that could provide some competition to Nvidia's H100. | The VanEck Vectors Semiconductor ETF SMH follows a market cap weighted index of 25 US-listed semiconductor companies. The iShares PHLX Semiconductor ETF SOXX is a modified market cap weighted ETF. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | The iShares PHLX Semiconductor ETF SOXX is a modified market cap weighted ETF. The SPDR S&P Semiconductor ETF XSD is an equal weighted ETF. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | The iShares PHLX Semiconductor ETF SOXX is a modified market cap weighted ETF. Broadcom and AMD are its top holdings. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report VanEck Semiconductor ETF (SMH): ETF Research Reports iShares Semiconductor ETF (SOXX): ETF Research Reports SPDR S&P Semiconductor ETF (XSD): ETF Research Reports Invesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | 7f6aefb7-da75-4ba0-9d76-330a7f966e6f |
710697.0 | 2023-12-16 02:00:00 UTC | General Dynamics, others blast US shipbuilding antitrust lawsuit | DCOMP | https://www.nasdaq.com/articles/general-dynamics-others-blast-us-shipbuilding-antitrust-lawsuit | nan | nan | By Mike Scarcella
Dec 19 (Reuters) - U.S. shipbuilding giants General Dynamics GD.N, Huntington Ingalls HII.N and others have asked a federal judge in Virginia to throw out what they called “implausible” allegations that they conspired to suppress compensation for naval architects and marine engineers.
General Dynamics and the other companies in a filing on Monday in Norfolk federal court said the class-action claims lodged in October are well outside the four-year window allowed to sue over alleged violations of U.S. antitrust law.
They also contend there’s no evidence of any agreement among the companies, which include key U.S. military defense contractors.
“Plaintiffs do not allege a single inter-defendant meeting, call, email, or letter — nothing from which the court can infer that the industry-wide agreement they allege actually existed — ever,” the defendants told U.S. District Judge Anthony Trenga.
The lawsuit alleged eight shipbuilders and nearly a dozen engineering consultancies have conspired for years not to recruit from each other, using unwritten agreements to “cheat the highly skilled workers who design the most powerful military fleet in the world out of the competitive wages they deserve.”
The case is among a group of other private civil lawsuits alleging corporate defendants took steps to stifle competition for workers.
A representative for Huntington Ingalls had no immediate comment. General Dynamics did not immediately respond to a request for comment.
Several lead attorneys for the plaintiffs did not immediately respond to a similar request.
The lawsuit, filed on behalf of two named plaintiffs, estimated the class size of engineers and architects in the "tens of thousands." The filing said the median salary for naval engineers is nearly $100,000.
The plaintiffs said that paying artificially low wages allowed the defendants to "bid for government contracts at lower prices than potential new entrants could bid."
The companies in their request to dismiss the case said they “independently choose not to actively recruit from competitors," and in any case the allegations “became time-barred long ago."
The case is Scharpf v. General Dynamics, U.S. District Court for the Eastern District of Virginia, No. 1:23-cv-01372.
For plaintiffs: Steven Toll of Cohen Milstein Sellers & Toll; Shana Scarlett of Hagens Berman Sobol Shapiro; and George Farah of Handley Farah & Anderson
For General Dynamics: David Barger of Greenberg Traurig; and Douglas Litvack and Michael Doornweerd of Jenner & Block
For Huntington Ingalls Industries: Adam Schwartz of Shearman & Sterling; Sima Namiri-Kalantari and Chahira Solh of Crowell & Moring
Read more:
General Dynamics, Huntington Ingalls sued in engineers' 'no poach' lawsuit
US judge balks at Papa John's $5 million 'no poach' antitrust settlement
McDonald's must face antitrust claims over worker 'poaching,' court rules
(Reporting by Mike Scarcella)
((Mike.Scarcella@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Mike Scarcella Dec 19 (Reuters) - U.S. shipbuilding giants General Dynamics GD.N, Huntington Ingalls HII.N and others have asked a federal judge in Virginia to throw out what they called “implausible” allegations that they conspired to suppress compensation for naval architects and marine engineers. General Dynamics and the other companies in a filing on Monday in Norfolk federal court said the class-action claims lodged in October are well outside the four-year window allowed to sue over alleged violations of U.S. antitrust law. For plaintiffs: Steven Toll of Cohen Milstein Sellers & Toll; Shana Scarlett of Hagens Berman Sobol Shapiro; and George Farah of Handley Farah & Anderson For General Dynamics: David Barger of Greenberg Traurig; and Douglas Litvack and Michael Doornweerd of Jenner & Block For Huntington Ingalls Industries: Adam Schwartz of Shearman & Sterling; Sima Namiri-Kalantari and Chahira Solh of Crowell & Moring Read more: General Dynamics, Huntington Ingalls sued in engineers' 'no poach' lawsuit US judge balks at Papa John's $5 million 'no poach' antitrust settlement McDonald's must face antitrust claims over worker 'poaching,' court rules (Reporting by Mike Scarcella) ((Mike.Scarcella@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Mike Scarcella Dec 19 (Reuters) - U.S. shipbuilding giants General Dynamics GD.N, Huntington Ingalls HII.N and others have asked a federal judge in Virginia to throw out what they called “implausible” allegations that they conspired to suppress compensation for naval architects and marine engineers. The case is Scharpf v. General Dynamics, U.S. District Court for the Eastern District of Virginia, No. For plaintiffs: Steven Toll of Cohen Milstein Sellers & Toll; Shana Scarlett of Hagens Berman Sobol Shapiro; and George Farah of Handley Farah & Anderson For General Dynamics: David Barger of Greenberg Traurig; and Douglas Litvack and Michael Doornweerd of Jenner & Block For Huntington Ingalls Industries: Adam Schwartz of Shearman & Sterling; Sima Namiri-Kalantari and Chahira Solh of Crowell & Moring Read more: General Dynamics, Huntington Ingalls sued in engineers' 'no poach' lawsuit US judge balks at Papa John's $5 million 'no poach' antitrust settlement McDonald's must face antitrust claims over worker 'poaching,' court rules (Reporting by Mike Scarcella) ((Mike.Scarcella@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Mike Scarcella Dec 19 (Reuters) - U.S. shipbuilding giants General Dynamics GD.N, Huntington Ingalls HII.N and others have asked a federal judge in Virginia to throw out what they called “implausible” allegations that they conspired to suppress compensation for naval architects and marine engineers. The lawsuit alleged eight shipbuilders and nearly a dozen engineering consultancies have conspired for years not to recruit from each other, using unwritten agreements to “cheat the highly skilled workers who design the most powerful military fleet in the world out of the competitive wages they deserve.” The case is among a group of other private civil lawsuits alleging corporate defendants took steps to stifle competition for workers. For plaintiffs: Steven Toll of Cohen Milstein Sellers & Toll; Shana Scarlett of Hagens Berman Sobol Shapiro; and George Farah of Handley Farah & Anderson For General Dynamics: David Barger of Greenberg Traurig; and Douglas Litvack and Michael Doornweerd of Jenner & Block For Huntington Ingalls Industries: Adam Schwartz of Shearman & Sterling; Sima Namiri-Kalantari and Chahira Solh of Crowell & Moring Read more: General Dynamics, Huntington Ingalls sued in engineers' 'no poach' lawsuit US judge balks at Papa John's $5 million 'no poach' antitrust settlement McDonald's must face antitrust claims over worker 'poaching,' court rules (Reporting by Mike Scarcella) ((Mike.Scarcella@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Mike Scarcella Dec 19 (Reuters) - U.S. shipbuilding giants General Dynamics GD.N, Huntington Ingalls HII.N and others have asked a federal judge in Virginia to throw out what they called “implausible” allegations that they conspired to suppress compensation for naval architects and marine engineers. A representative for Huntington Ingalls had no immediate comment. The case is Scharpf v. General Dynamics, U.S. District Court for the Eastern District of Virginia, No. | 8ad54f61-79bb-4655-9e08-bf2ec73123b2 |
710698.0 | 2023-12-16 02:00:00 UTC | VST or IDA: Which is a Better Utility Electric Power Stock? | DCOMP | https://www.nasdaq.com/articles/vst-or-ida%3A-which-is-a-better-utility-electric-power-stock | nan | nan | Utilities have been benefiting from various favorable factors, such as new electric rates, customer additions, cost management and the implementation of energy-efficiency programs. Also, the investments to improve the resiliency of electric infrastructure against extreme weather conditions and the transition to cost-effective, renewable energy sources to produce electricity aid the power industry.
Except in the case of any major weather variation, demand for the services provided by utilities remains more or less steady, regardless of economic cycles. The decline in demand in 2023 was primarily due to milder temperatures in the first half of the year. Despite the expected reduction in usage, utilities will continue to benefit from the rise in residential electricity rates.
A clear transition is evident in this industry, with more companies declaring zero-emission goals. Research and development over the years have resulted in a substantial decline in the cost of setting up utility-scale renewable power projects, aiding in reducing emissions. Per the U.S. Energy Information Administration (EIA), U.S. energy-related carbon emissions are expected to decrease 3% in 2023. Most of this reduction in emissions is due to less use of coal, with coal-related carbon emissions declining 18% from the 2022 level. Per the same report, the annual share of U.S. electricity generation from renewable energy sources will rise 22% and 24% in 2023 and 2024, respectively.
We have run a comparative analysis on two Zacks Utility— Electric Power companies — Vistra Corp. VST and IDACORP, Inc. IDA — to decide which one is a better pick for your portfolio.
Both companies carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
While Vistra has a market capitalization of $13.5 billion, IDACORP has $4.96 billion.
Growth Projections
The Zacks Consensus Estimate for VST’s 2023 earnings is pinned at $3.79 per share on revenues of $20.14 billion. This implies year-over-year bottom-line increase of 228.9% and top-line growth of 46.7%.
The consensus mark for IDA’s 2023 earnings is pegged at $5.12 per share on revenues of $1.78 billion. This indicates year-over-year bottom-line growth of 0.2% and a top-line increase of 8.5%.
Price Performance
In the past three months, shares of VST have risen 14.1% against the industry's decline of 4.5%. Shares of IDA have risen 0.4% in the same time frame.
Image Source: Zacks Investment Research
Return on Equity (ROE)
ROE is a measure of a company’s efficiency in utilizing shareholders’ funds. The current ROE for Vistra and IDACORP is 17.79% and 9.51%, respectively, compared with the industry’s 6.99%.
Debt Position
The debt-to-capital ratio is a vital indicator of the financial position of a company. It shows the amount of debt used to run a business. Currently, Vistra and IDACORP have a debt-to-capital of 71.27% and 49.11%, respectively, compared with the industry’s 61.19%.
The times interest earned (TIE) ratio for VST is 3.9, and that for IDA is 3.5. Since both companies have a TIE ratio exceeding one, it indicates that they have enough financial flexibility to meet their near-term interest obligations.
Dividend Yield
Utility companies generally distribute dividends and increase shareholders’ value. Currently, the dividend yield for Vistra is 2.18% and that for IDACORP is 3.39%. The dividend yields of these companies are better than the Zacks S&P 500 Composite’s average of 1.39%.
VGM Score
Picking the best Zacks Rank Stocks just got easier and more profitable with the Zacks Style Scores or a VGM Score. Here V stands for Value, G for Growth and M for Momentum; the score is a weighted combination of these three metrics. Such a score allows investors to eliminate the negative aspects of the stocks and select the winners. Here, VST has a VGM Score of D and IDA holds a VGM Score of D.
Outcome
Both Vistra and IDACORP are evenly matched and good picks for your portfolio. They have the potential to improve from their current position and serve the needs of their growing customer base. However, the above comparisons and a strong VGM Score place VST ahead of IDA.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
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IDACORP, Inc. (IDA) : Free Stock Analysis Report
Vistra Corp. (VST) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Utilities have been benefiting from various favorable factors, such as new electric rates, customer additions, cost management and the implementation of energy-efficiency programs. Research and development over the years have resulted in a substantial decline in the cost of setting up utility-scale renewable power projects, aiding in reducing emissions. We have run a comparative analysis on two Zacks Utility— Electric Power companies — Vistra Corp. VST and IDACORP, Inc. IDA — to decide which one is a better pick for your portfolio. | Also, the investments to improve the resiliency of electric infrastructure against extreme weather conditions and the transition to cost-effective, renewable energy sources to produce electricity aid the power industry. We have run a comparative analysis on two Zacks Utility— Electric Power companies — Vistra Corp. VST and IDACORP, Inc. IDA — to decide which one is a better pick for your portfolio. Click to get this free report IDACORP, Inc. (IDA) : Free Stock Analysis Report Vistra Corp. (VST) : Free Stock Analysis Report To read this article on Zacks.com click here. | We have run a comparative analysis on two Zacks Utility— Electric Power companies — Vistra Corp. VST and IDACORP, Inc. IDA — to decide which one is a better pick for your portfolio. VGM Score Picking the best Zacks Rank Stocks just got easier and more profitable with the Zacks Style Scores or a VGM Score. Click to get this free report IDACORP, Inc. (IDA) : Free Stock Analysis Report Vistra Corp. (VST) : Free Stock Analysis Report To read this article on Zacks.com click here. | We have run a comparative analysis on two Zacks Utility— Electric Power companies — Vistra Corp. VST and IDACORP, Inc. IDA — to decide which one is a better pick for your portfolio. VGM Score Picking the best Zacks Rank Stocks just got easier and more profitable with the Zacks Style Scores or a VGM Score. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 2f487d61-f95c-4add-ab17-a699b3ab4045 |
710699.0 | 2023-12-16 02:00:00 UTC | Affirm offers 'buy now, pay later' loans at Walmart self-checkouts | DCOMP | https://www.nasdaq.com/articles/affirm-offers-buy-now-pay-later-loans-at-walmart-self-checkouts | nan | nan | By Siddharth Cavale
Dec 19 (Reuters) - Affirm Holdings AFRM.O is offering its "buy now, pay later" loans for the first time at self-checkout kiosks at more than 4,500 Walmart WMT.N U.S. stores, the lender said on Tuesday, sending its shares up as much as 16.1%.
Buyers of at least $144 of products at Walmart, except groceries, can divide payments over three to 24 months through Affirm, a spokesperson said. Financing is limited to $4,000.
After scanning purchases at Walmart's self-checkout kiosks, shoppers need to log onto Affirm's app or website and enter details including the last four digits of their social security number. Approved shoppers will receive a barcode to finalize payment, he added.
Affirm has been available with employee assistance since 2019 at 4,000 Walmart Supercenters and the retailer'sU.S. website. Walmart ended its layaway program in 2020 during the pandemic. It offers buy now, pay later (BNPL) services in Canada through Affirm rival Klarna.
Affirm shares rose 14.4% Tuesday afternoon, bringing this year's gain to about 350%.
Shoppers are increasingly delaying payments as U.S. credit card balances hit record highs and defaults rise. Buy now, pay later (BNPL) services account for 5% of e-commerce payments globally and are forecast to rise to 6% by 2026, data from financial services tech firm FIS showed.
The number of customers opting for BNPL soared to 42.5% on Cyber Monday from a year ago, with shopping worth $940 million going through this mode of payment, Adobe Analytics data showed.
Affirm's move shows the importance of in-store shopping as U.S. holiday sales growth is expected to slow in November and December, the National Retail Federation estimated.
'Super Saturday,' the final Saturday before Christmas, has become more crucial for retailers as a growing number of shoppers wait until the last minute to take advantage of deals.
(Reporting by Siddharth Cavale in New York and Juveria Tabassum in Bengaluru; Editing by Tasim Zahid and Richard Chang)
((Juveria.Tabassum@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Siddharth Cavale Dec 19 (Reuters) - Affirm Holdings AFRM.O is offering its "buy now, pay later" loans for the first time at self-checkout kiosks at more than 4,500 Walmart WMT.N U.S. stores, the lender said on Tuesday, sending its shares up as much as 16.1%. After scanning purchases at Walmart's self-checkout kiosks, shoppers need to log onto Affirm's app or website and enter details including the last four digits of their social security number. The number of customers opting for BNPL soared to 42.5% on Cyber Monday from a year ago, with shopping worth $940 million going through this mode of payment, Adobe Analytics data showed. | By Siddharth Cavale Dec 19 (Reuters) - Affirm Holdings AFRM.O is offering its "buy now, pay later" loans for the first time at self-checkout kiosks at more than 4,500 Walmart WMT.N U.S. stores, the lender said on Tuesday, sending its shares up as much as 16.1%. After scanning purchases at Walmart's self-checkout kiosks, shoppers need to log onto Affirm's app or website and enter details including the last four digits of their social security number. It offers buy now, pay later (BNPL) services in Canada through Affirm rival Klarna. | By Siddharth Cavale Dec 19 (Reuters) - Affirm Holdings AFRM.O is offering its "buy now, pay later" loans for the first time at self-checkout kiosks at more than 4,500 Walmart WMT.N U.S. stores, the lender said on Tuesday, sending its shares up as much as 16.1%. After scanning purchases at Walmart's self-checkout kiosks, shoppers need to log onto Affirm's app or website and enter details including the last four digits of their social security number. Buy now, pay later (BNPL) services account for 5% of e-commerce payments globally and are forecast to rise to 6% by 2026, data from financial services tech firm FIS showed. | By Siddharth Cavale Dec 19 (Reuters) - Affirm Holdings AFRM.O is offering its "buy now, pay later" loans for the first time at self-checkout kiosks at more than 4,500 Walmart WMT.N U.S. stores, the lender said on Tuesday, sending its shares up as much as 16.1%. After scanning purchases at Walmart's self-checkout kiosks, shoppers need to log onto Affirm's app or website and enter details including the last four digits of their social security number. Buy now, pay later (BNPL) services account for 5% of e-commerce payments globally and are forecast to rise to 6% by 2026, data from financial services tech firm FIS showed. | 617ee788-9653-47be-adaa-b933fd87d516 |
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