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710800.0 | 2023-12-16 00:00:00 UTC | US STOCKS-Wall St climbs on optimism about interest rate cuts | DCOMP | https://www.nasdaq.com/articles/us-stocks-wall-st-climbs-on-optimism-about-interest-rate-cuts | nan | nan | By Sruthi Shankar and Johann M Cherian
Dec 19 (Reuters) - Wall Street's main stock indexes rose on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year.
The benchmark S&P 500 .SPXtrades less than 1% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell saidat the U.S. central bank's policy meetinglast week that its historic monetary tightening is likely over.
Despite attempts by policymakers to temper the optimism since the meeting, traders have priced in about 66% chance of the Fed cutting rates by 25 basis points in March, as per the CME Group's FedWatch tool, and cuts of 143 bps by December 2024. FEDWATCH
The blue-chip Dow .DJIsecured a new all-time high, while the Nasdaq 100 index .NDXhit a record high.
"The sentiment that things with the Fed are okay and that they are going to be accommodative next year with no real issues about further hikes or concerns around it have given the markets the last boost they needed," said Phil Blancato, chief executive officer of Ladenburg Thalmann Asset Management in New York.
A Commerce Department report showed single-family homebuilding surged in November and could gain further momentum, with declining mortgage rates likely to draw potential buyers back into the housing market.
Investors are awaiting other economic data later this week including the final reading of third-quarter GDP and the monthly personal consumption expenditure index (PCE), the Fed's preferred inflation gauge.
Richmond Fed President Thomas Barkin welcomed the retreat in inflation but refrained from saying how that affects his outlook for central bank interest rate policy next year, in an interview with Yahoo Finance.
Fed Atlanta President Raphael Bostic and Fed Chicago President Austan Goolsbee are scheduled to speak later in the day. Bostic is a voting member in the FOMC's rate-setting committee next year.
At 9:56 a.m. ET, the Dow Jones Industrial Average .DJI was up 146.53 points, or 0.39%, at 37,452.55, the S&P 500 .SPX was up 14.84 points, or 0.31%, at 4,755.40, and the Nasdaq Composite .IXIC was up 53.42 points, or 0.36%, at 14,958.61.
Light trading volumes are expected to impact market moves in the run-up to the Christmas and New Year holidays.
Among single stocks, AccentureACN.Ndipped 0.2% after the IT services provider issued a downbeat second-quarter revenue forecast, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang.
BoeingBA.Ngained 0.7% after German airline Lufthansa LHAG.DE said it ordered 40 737-8 MAX jets from the plane maker and agreed to 60 future purchasing options.
KenvueKVUE.N climbed 4.8% after a U.S. court ruled in favor of the consumer health company in a lawsuit which said exposure to its pain-reducing drug Tylenol might contribute to autism or attention-deficit hyperactivity disorder during pregnancy.
PepsiCo PEP.O slipped 0.3% after J.P. Morgan downgraded the stock to "neutral" from "overweight", while Amgen AMGN.O rose 1.0% after BMO upgraded its rating on the drugmaker to "outperform" from "market perform".
Advancing issues outnumbered decliners by a 4.94-to-1 ratio on the NYSE and 3.37-to-1 ratio on the Nasdaq.
The S&P index recorded 30 new 52-week highs and one new low, while the Nasdaq recorded 113 new highs and 39 new lows.
(Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Maju Samuel)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Sruthi Shankar and Johann M Cherian Dec 19 (Reuters) - Wall Street's main stock indexes rose on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year. The benchmark S&P 500 .SPXtrades less than 1% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell saidat the U.S. central bank's policy meetinglast week that its historic monetary tightening is likely over. "The sentiment that things with the Fed are okay and that they are going to be accommodative next year with no real issues about further hikes or concerns around it have given the markets the last boost they needed," said Phil Blancato, chief executive officer of Ladenburg Thalmann Asset Management in New York. | FEDWATCH The blue-chip Dow .DJIsecured a new all-time high, while the Nasdaq 100 index .NDXhit a record high. Richmond Fed President Thomas Barkin welcomed the retreat in inflation but refrained from saying how that affects his outlook for central bank interest rate policy next year, in an interview with Yahoo Finance. The S&P index recorded 30 new 52-week highs and one new low, while the Nasdaq recorded 113 new highs and 39 new lows. | By Sruthi Shankar and Johann M Cherian Dec 19 (Reuters) - Wall Street's main stock indexes rose on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year. The benchmark S&P 500 .SPXtrades less than 1% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell saidat the U.S. central bank's policy meetinglast week that its historic monetary tightening is likely over. Richmond Fed President Thomas Barkin welcomed the retreat in inflation but refrained from saying how that affects his outlook for central bank interest rate policy next year, in an interview with Yahoo Finance. | The benchmark S&P 500 .SPXtrades less than 1% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell saidat the U.S. central bank's policy meetinglast week that its historic monetary tightening is likely over. FEDWATCH The blue-chip Dow .DJIsecured a new all-time high, while the Nasdaq 100 index .NDXhit a record high. Richmond Fed President Thomas Barkin welcomed the retreat in inflation but refrained from saying how that affects his outlook for central bank interest rate policy next year, in an interview with Yahoo Finance. | 8637d518-e145-4b42-9e39-5703ade6575a |
710801.0 | 2023-12-16 00:00:00 UTC | My 6 Largest Portfolio Holdings Heading Into 2024 -- and the Important Investing Lesson I Learned From Each One | DCOMP | https://www.nasdaq.com/articles/my-6-largest-portfolio-holdings-heading-into-2024-and-the-important-investing-lesson-i | nan | nan | After an absolute disaster of a year in 2022, the stock market appears to have turned the corner. Each of the major market indexes has gained more than 20% from their respective trough. Perhaps more importantly, the S&P 500 and the Nasdaq Composite are within striking distance of new highs, which will check the final box marking the start of a new bull market.
Closing out the old and ringing in the new is a great time for examination, and one of the places I start is with my portfolio. A review of my top investments and how they came to be that way can offer valuable insight for the future.
Here's a look at my six largest holdings heading into 2024 (as of the market close on Dec. 15) and the incredibly valuable lesson I learned from each one.
Image source: Getty Images.
No. 6: Nvidia
Every investor has one -- the "stock that got away." The one you meant to buy, only to find that it got away from you and has risen 100%, 500%, or even 1,000%. In my case, that stock was Nvidia (NASDAQ: NVDA). I had owned a few shares of the graphics processing units (GPU) pioneer in the early days of my investing journey but ultimately sold them in an unprovoked bid of tax-loss harvesting in early 2010.
I always meant to buy it back, but the stock price meandered for much of the next five years, and I ultimately lost confidence. Things changed quickly in 2016 when the stock tripled. After that, it just kept getting away from me.
Fast forward to early 2018. Nvidia still dominated the discrete desktop GPU space, controlling roughly 70% of the market. The company's graphics cards were the processor of choice for cryptocurrency mining, which was booming. Furthermore, there was an ongoing push toward autonomous driving. It was clear that CEO Jensen Huang had a knack for skating to where the puck was going -- recognizing technology trends on the fly and adapting Nvidia's processors and the accompanying software to meet that need.
After much deliberation, I held my nose and bought Nvidia anyway -- even though the stock had risen 600% over the preceding two years. I have added to my stake several times since. Over the past few years, Nvidia has once again adapted to meet a compelling technology need, becoming the gold standard for generative AI applications.
Since that initial purchase, Nvidia has soared 768%, and the stock has become my sixth-largest holding, amounting to nearly 6% of my portfolio. The lesson here? It's never too late to buy a quality company, even if the stock has already risen many times over.
No. 5 and 4: Shopify and Amazon
Long after Amazon had established itself as the world's largest digital retailer, Shopify (NYSE: SHOP) came on the scene with a different approach to e-commerce. Shopify's founders, having discovered firsthand the difficulties inherent in starting an online sales platform, pivoted the business from selling snowboards to providing customizable templates and other tools that made setting up and running an e-commerce business a snap.
By solving a common problem among digital retailers, Shopify carved out a profitable niche for itself in a market that was already (and still is) dominated by Amazon. While it isn't an exact apples-to-apples comparison, it helps illustrate an age-old truth in investing that I learned from owning this stock -- there's a Pepsi for every Coke.
There's another lesson here. I had long been a shareholder of Amazon, but I recognized the value Shopify could bring to the online sales space. Despite the fact that e-commerce was already well represented in my portfolio, I made a sizable investment in Shopify.
That decision turned out well, as both companies have continued to prosper in the age of digital retail. It also turned out well for me as an investor. Since my first purchase of Shopify shares, the stock is up more than 1,446%, while Amazon has gained 844%. Shopify and Amazon are my fourth and fifth largest holdings heading into 2024, each representing roughly 6% of my portfolio.
No. 3: Apple
There's little question that Apple (NASDAQ: AAPL) has become one of the most successful companies in history. Yet, at times over the past few years, some investors concluded the company had reached its zenith. Apple reached a market cap of $1 trillion in 2018, so how much higher could it go?
There were other worries. As penetration has risen, global smartphone sales have slowed. Since Apple's flagship product -- the iPhone -- historically generates more than half the company's revenue, investor reservations are understandable.
Despite these challenges, Apple has continued to grow. CEO Tim Cook has succeeded in expanding Apple's services business to become the company's second-biggest breadwinner, behind just the iPhone. The segment brought in $85 billion in fiscal 2023 (ended Sept. 30), making it comparable to a top 50 company in the Fortune 500. Furthermore, the iPhone continues to dominate where it matters, capturing a record 45% of worldwide smartphone revenue and 85% of profits in the second quarter, according to Counterpoint Research.
Fears that Apple simply couldn't go any higher turned out to be unfounded, an important lesson for investors as its market cap has tripled since 2018. Since my first purchase in 2008, Apple's stock price has surged more than 3,400% to become my third-largest position at 8% of my portfolio. I'm confident there's more to come.
No. 2: Mercadolibre
It's likely that many investors have never heard of MercadoLibre (NASDAQ: MELI). The company, which began as a local online auction site, has evolved into the largest e-commerce and payments ecosystem in Latin America, serving 18 countries in the region.
MercadoLibre not only provides a marketplace for buyers and sellers but also handles shipping and logistics, warehouse and cross-docking, digital payments, consumer and merchant financing, digital wallets, and more. Think of it as the Amazon, Shopify, and PayPal of Latin America all rolled into one.
Many investors have avoided the stock because of the risks inherent in the region, which is understandable. For example, Argentina -- MercadoLibre's birthplace and one of its biggest markets -- has an inflation rate that clocks in at 143%, and the country just devalued its currency by 50%. Other countries in the region grapple with hyperinflation, economic turmoil, charges of political corruption, poor infrastructure, and more.
Yet those risks pale in the context of the opportunity. Latin America is years behind the U.S. in terms of e-commerce and digital payment penetration, yet adoption continues to grow. Furthermore, Latin America has twice the population of the U.S. and is the fastest-growing e-commerce market in the world, according to Americas Market Intelligence. Finally, because MercadoLibre takes a cut of each transaction, it has sidestepped many of those risks. As a result, its revenue grew 50% in 2022 while net income soared 480%, a trend that has been ongoing for more than a decade.
Understanding the risk, viewed through the lens of the significant long-term opportunity, can provide important insight, which gave me the confidence to buy the stock. My rather modest initial investment in MercadoLibre in 2009 has grown by more than 7,300%, and the company now represents 10% of my portfolio. Not bad for a "risky" stock.
No. 1: Netflix
Netflix (NASDAQ: NFLX) was the very first stock I bought when I started investing in late 2007. After incurring a late fee at Blockbuster (remember them?) that was more than the cost of buying the movie new, I cut up my membership card and subscribed to Netflix. As an extremely satisfied customer, it made perfect sense to buy the stock once I started investing.
Back then, the company was a DVD-by-mail service that had recently begun experimenting with streaming video. Netflix had achieved remarkable penetration in its earliest markets, and I surmised the company could expand its success across the country, which was the basis of my investing thesis.
The company has achieved all that and more, becoming the world's largest subscription streaming video service. The value of the initial shares I bought in 2007 has surged more than 19,000%, making Netflix my largest holding at nearly 11% of my portfolio.
However, those life-changing gains were only possible because I held the stock for the duration, which is easier said than done. Remember the "Qwikster" fiasco of 2011? All the "Netflix killers" over the years? How about the loss of 1.2 million subscribers early last year?
There were plenty of excuses to sell Netflix over the years, but for me, the investing thesis never changed, so I held on. And this long-term buy-and-hold strategy continues to win out.
Should you invest $1,000 in Nvidia right now?
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Danny Vena has positions in Amazon, Apple, MercadoLibre, Netflix, Nvidia, PayPal, and Shopify and has the following options: long January 2024 $95 calls on PayPal. The Motley Fool has positions in and recommends Amazon, Apple, MercadoLibre, Netflix, Nvidia, PayPal, and Shopify. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola and short December 2023 $67.50 puts on PayPal. 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. | It was clear that CEO Jensen Huang had a knack for skating to where the puck was going -- recognizing technology trends on the fly and adapting Nvidia's processors and the accompanying software to meet that need. The company, which began as a local online auction site, has evolved into the largest e-commerce and payments ecosystem in Latin America, serving 18 countries in the region. Understanding the risk, viewed through the lens of the significant long-term opportunity, can provide important insight, which gave me the confidence to buy the stock. | Danny Vena has positions in Amazon, Apple, MercadoLibre, Netflix, Nvidia, PayPal, and Shopify and has the following options: long January 2024 $95 calls on PayPal. The Motley Fool has positions in and recommends Amazon, Apple, MercadoLibre, Netflix, Nvidia, PayPal, and Shopify. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola and short December 2023 $67.50 puts on PayPal. | Before you buy stock in Nvidia, 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 Nvidia wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Amazon, Apple, MercadoLibre, Netflix, Nvidia, PayPal, and Shopify. | 6: Nvidia Every investor has one -- the "stock that got away." Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, 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 Nvidia wasn't one of them. | 08571cdd-3bfc-4663-b22e-3891744bf898 |
710802.0 | 2023-12-16 00:00:00 UTC | Is Costco Stock a Buy for 2024? | DCOMP | https://www.nasdaq.com/articles/is-costco-stock-a-buy-for-2024 | nan | nan | If you haven't bought Costco Wholesale (NASDAQ: COST) stock yet, now might be the right time. It just announced several bits of fantastic news, and it's well-positioned to deliver high performance in the coming years, as usual. However, lots of investors love Costco stock, and it has gotten quite expensive. Is it a buy for the new year?
Why investors love Costco stock
Costco operates its chain of warehouse stores using a membership model that allows it to charge rock-bottom prices for its wares. Members pay an annual fee that generates loyalty and high sales volumes since shoppers tend to want to get the most value possible out of their memberships.
Sales growth had been sluggish recently after a period of elevated pandemic-fueled growth. But that slowdown was mostly due to shoppers shying away from the retailer's larger and more expensive items when their disposable incomes got tighter, and instead focusing on essentials or switching down brands. Costco's customer traffic numbers have remained strong throughout, as have its membership growth and renewal rates.
Now, top-line growth has started to accelerate again. Sales increased 6.1% year over year in its 2024 fiscal first quarter, which ended Nov. 26. Comparable sales (comps) rose 3.8%, and even e-commerce sales, which had been declining for some time, returned to growth with a 6.3% increase.
Earnings per share increased from $3.07 in the prior-year period to $3.58 this time. U.S. and Canada renewal rates were 92.8%, and the worldwide renewal rate was 90.5%, up from last quarter. The total number of household members increased 7.6% year over year, and executive membership grew as well.
That's a sweet spot for Costco to be in since that category accounted for 46% of total membership, but 73% of total sales. It also contributes more to net income, since executive members pay double the standard membership fee of $60. Membership income increased 8.2% from last year, or by more than $1 billion.
The much-anticipated dividend is here
Costco pays a quarterly dividend that at first glance doesn't look all that exciting. It yields only 0.65% at the current share price. However, it also has a history of paying special dividends on an irregular basis -- about once every 2.5 years or so -- and it just announced another one, its largest yet. Shareholders of record as of Dec. 28 will receive a payout of $15 per share. Its previous special dividends ranged from $5 per share to $10 per share.
Management had on prior occasions stated that it would pay its next special dividend at the right time, and it clearly sees now as that time. The company is cash-rich, and when cash reserves become plentiful, Costco distributes some to shareholders.
COST Cash and Equivalents (Quarterly) data by YCharts.
Cash has been increasing for a while, but it made sense that the company kept its special dividend on hold while there was extra pressure. Now that inflation has moderated and Costco's performance is improving, management feels more comfortable parting with more of its cash.
A much-anticipated membership fee hike is coming
Another announcement shareholders are expecting is word that the company is hiking membership fees. Based on the average times between fee hikes, Costco is already a bit overdue to impose one. When asked about it on the most recentearnings call management said, "We like providing extreme value." The retailer knows its customers are still feeling the lingering impact of inflation, and it doesn't see a fee hike now as providing the right kind of value for its shoppers. Still, the company has said, "It's a question of when, not if."
But it's not just comps and fee income that drive sales and value. Costco operates 871 stores, including 600 in the U.S., and it's planning to accelerate new store openings. It has typically opened around 25 annually, and it plans to boost that pace to around 30. So far in its fiscal 2024, it has opened nine net new stores and is expecting to open a total of 31. It opened five stores in China last year for the first time and will open a sixth in its fiscal second quarter. These stores provide years of growth opportunities.
Costco stock trades at a premium price
Is there any reason not to buy Costco stock? The only obvious one would be its valuation. Costco stock trades at a price-to-earnings ratio of 45, which is rich. It's close to its 5-year high on that metric, and well above the 5-year average.
COST PE Ratio data by YCharts.
Some investors might see this as a reason to wait for a pullback to pick up shares, which is a valid view. However, I'm not sure when you're going to see one -- especially considering that if you buy before Dec. 28, you'll get the special dividend. If you see the long-term opportunity, which is compelling, keep in mind that you can't time the market. Costco is a great stock to buy even now, and it's likely to reward shareholders in 2024.
Should you invest $1,000 in Costco Wholesale right now?
Before you buy stock in Costco Wholesale, 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 Costco Wholesale 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 11, 2023
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. 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. | Members pay an annual fee that generates loyalty and high sales volumes since shoppers tend to want to get the most value possible out of their memberships. But that slowdown was mostly due to shoppers shying away from the retailer's larger and more expensive items when their disposable incomes got tighter, and instead focusing on essentials or switching down brands. The retailer knows its customers are still feeling the lingering impact of inflation, and it doesn't see a fee hike now as providing the right kind of value for its shoppers. | Why investors love Costco stock Costco operates its chain of warehouse stores using a membership model that allows it to charge rock-bottom prices for its wares. A much-anticipated membership fee hike is coming Another announcement shareholders are expecting is word that the company is hiking membership fees. Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. | Why investors love Costco stock Costco operates its chain of warehouse stores using a membership model that allows it to charge rock-bottom prices for its wares. Costco stock trades at a premium price Is there any reason not to buy Costco stock? Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. | If you haven't bought Costco Wholesale (NASDAQ: COST) stock yet, now might be the right time. These stores provide years of growth opportunities. Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. | 317f025f-2851-4bec-9b6f-2d432cab12d8 |
710803.0 | 2023-12-16 00:00:00 UTC | Fortinet (FTNT) Rolls Out New OT Security Solutions & Services | DCOMP | https://www.nasdaq.com/articles/fortinet-ftnt-rolls-out-new-ot-security-solutions-services | nan | nan | Fortinet FTNT announced the latest release of its operational technology (OT) security solutions, comprising the Fortinet OT Security Platform. This platform is a comprehensive collection of cybersecurity products, solutions and services specifically designed for industrial networks, utilizing real-time OT threat intelligence.
As part of the Fortinet Security Fabric, it offers deep visibility across the entire environment and enables secure IT/OT convergence. Additionally, the platform facilitates the implementation of a zero-trust model within OT environments, providing secure remote access to OT assets for remote employees and contractors.
The key updates to the OT Security Platform fall into two main categories within the Security Fabric, which include those to Secure Networking for OT and others added to Security Operations and Services for OT.
Fortinet, Inc. Price and Consensus
Fortinet, Inc. price-consensus-chart | Fortinet, Inc. Quote
Features Added to Secure Networking for OT
The FortiSwitch Rugged 424F, an industrial-class ethernet switch, is tailored for digital substations and the power utility industry. It supports real-time OT networking protocols and integrates with FortiGate Next-Generation Firewalls to provide comprehensive security and access control.
FortiAP 432F Access Point is compliant with Class 1, Division 2 requirements for hazardous OT environments. This access point can segment industrial Wi-Fi networks to prevent the spread of attacks across unprotected devices and systems. It extends the IP67-rated access-point line, enabling additional OT applications in industries such as oil and gas.
FortiExtender Vehicle 211F is a semi-ruggedized wireless gateway, which serves as a mobility solution for connected fleets, mobile systems and OT deployments. It meets the requirements for the AT&T FirstNet wireless communications network for first responders.
Fortinet's operating system, FortiOS, has been enhanced with the OT View dashboard, which correlates and displays crucial OT data, offering organizations a comprehensive view of their attack surface — both IT and OT — from a single console.
Updates in Security Operations and Services for OT
FortiAnalyzer now includes OT-specific analytics, risk and compliance reports, enhancing threat detection, asset and vulnerability correlation, and reporting for security operations teams.
With support for on-premises, cloud and hybrid deployments, FortiNDR can now analyze over 15 different OT-network protocols and incorporate AI-powered OT-network behavior analysis to identify malicious network activity and files.
Fortinet’s deception technology for early breach and attack isolation now supports 30 OT protocols and additional OT decoys, providing protection for diverse industrial environments.
Boasting an extensive OT threat intelligence database, FortiGuard OT Security Service covers more than 70 OT protocols and more than 4,000 OT application and device vulnerability signatures. These signatures enable strict access control policies on network traffic and provide virtual patching for vulnerable OT assets.
FortiGuard Outbreak Alerts now include critical information about OT-specific threats, empowering customers with the necessary information to secure their systems against emerging attacks following the NIST Cyber Security Framework.
Tough Competition Creates Dull Prospects
Shares of this Zacks Rank #3 (Hold) company have gained 14.8% in the year-to-date period compared with the Zacks Computer and Technology sector’s rise of 49.7% due to tough competition from Cisco Systems CSCO, Palo Alto Networks PANW and Check Point Software Technologies CHKP. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cisco Secure constitutes its extensive security product portfolio, delivering unparalleled effectiveness in safeguarding data. Cisco Secure empowers businesses to establish security resilience, protecting against unforeseen threats or changes. Through CSCO, organizations can maintain the integrity of their financial and data assets, recover from operational disruptions, enhance supply chain resilience and ensure the security of a dispersed workforce.
Palo Alto Networks Security solutions are designed to protect the majority of IT infrastructure components, encompassing network, endpoint, data center, private and public cloud and Software-as-a-Service.
Checkpoint's Network Security solutions are becoming increasingly popular among organizations seeking to fortify their security infrastructure. Its solutions streamline security measures without compromising network performance. These security solutions offer a unified approach that enhances operational efficiency.
Zacks Reveals ChatGPT "Sleeper" Stock
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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. | This platform is a comprehensive collection of cybersecurity products, solutions and services specifically designed for industrial networks, utilizing real-time OT threat intelligence. Tough Competition Creates Dull Prospects Shares of this Zacks Rank #3 (Hold) company have gained 14.8% in the year-to-date period compared with the Zacks Computer and Technology sector’s rise of 49.7% due to tough competition from Cisco Systems CSCO, Palo Alto Networks PANW and Check Point Software Technologies CHKP. Through CSCO, organizations can maintain the integrity of their financial and data assets, recover from operational disruptions, enhance supply chain resilience and ensure the security of a dispersed workforce. | Boasting an extensive OT threat intelligence database, FortiGuard OT Security Service covers more than 70 OT protocols and more than 4,000 OT application and device vulnerability signatures. Tough Competition Creates Dull Prospects Shares of this Zacks Rank #3 (Hold) company have gained 14.8% in the year-to-date period compared with the Zacks Computer and Technology sector’s rise of 49.7% due to tough competition from Cisco Systems CSCO, Palo Alto Networks PANW and Check Point Software Technologies CHKP. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report Fortinet, Inc. (FTNT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here. | The key updates to the OT Security Platform fall into two main categories within the Security Fabric, which include those to Secure Networking for OT and others added to Security Operations and Services for OT. Boasting an extensive OT threat intelligence database, FortiGuard OT Security Service covers more than 70 OT protocols and more than 4,000 OT application and device vulnerability signatures. Click to get this free report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report Fortinet, Inc. (FTNT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here. | Fortinet FTNT announced the latest release of its operational technology (OT) security solutions, comprising the Fortinet OT Security Platform. Updates in Security Operations and Services for OT FortiAnalyzer now includes OT-specific analytics, risk and compliance reports, enhancing threat detection, asset and vulnerability correlation, and reporting for security operations teams. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 935db93b-f014-48a2-abc0-f27545144fa7 |
710804.0 | 2023-12-16 00:00:00 UTC | Affirm to offer BNPL services at Walmart's self-checkout kiosks | DCOMP | https://www.nasdaq.com/articles/affirm-to-offer-bnpl-services-at-walmarts-self-checkout-kiosks | nan | nan | Dec 19 (Reuters) - Affirm Holdings AFRM.O will provide its "buy now, pay later" services at self-checkout kiosks at more than 4,500 Walmart WMT.N stores in the United States.
Affirm shares, which have gained about 350% this year, were up 7% in early trade.
"Buy now, pay later" or BNPL services allow shoppers to pay for their purchases in installments.
The move expands Affirm's partnership with Walmart, which began in 2019, under which customers could use the option at 4,000 Walmart Supercenters and on Walmart.com.
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, data from Adobe Analytics showed. Affirm also partnered with e-commerce giant Amazon.com AMZN.O on Black Friday this year, offering eligible customers the BNPL option at checkout.
(Reporting by Juveria Tabassum; Editing by Tasim Zahid)
((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. | Dec 19 (Reuters) - Affirm Holdings AFRM.O will provide its "buy now, pay later" services at self-checkout kiosks at more than 4,500 Walmart WMT.N stores in the United States. 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, data from Adobe Analytics showed. Affirm also partnered with e-commerce giant Amazon.com AMZN.O on Black Friday this year, offering eligible customers the BNPL option at checkout. | Dec 19 (Reuters) - Affirm Holdings AFRM.O will provide its "buy now, pay later" services at self-checkout kiosks at more than 4,500 Walmart WMT.N stores in the United States. "Buy now, pay later" or BNPL services allow shoppers to pay for their purchases in installments. Affirm also partnered with e-commerce giant Amazon.com AMZN.O on Black Friday this year, offering eligible customers the BNPL option at checkout. | Dec 19 (Reuters) - Affirm Holdings AFRM.O will provide its "buy now, pay later" services at self-checkout kiosks at more than 4,500 Walmart WMT.N stores in the United States. 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, data from Adobe Analytics showed. Affirm also partnered with e-commerce giant Amazon.com AMZN.O on Black Friday this year, offering eligible customers the BNPL option at checkout. | Dec 19 (Reuters) - Affirm Holdings AFRM.O will provide its "buy now, pay later" services at self-checkout kiosks at more than 4,500 Walmart WMT.N stores in the United States. Affirm shares, which have gained about 350% this year, were up 7% in early trade. 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, data from Adobe Analytics showed. | b8476ddd-8e59-4c2e-b427-d1b4285df908 |
710805.0 | 2023-12-16 00:00:00 UTC | Nvidia Fires Back at AMD's AI Chip Claims -- What Investors Need to Know | DCOMP | https://www.nasdaq.com/articles/nvidia-fires-back-at-amds-ai-chip-claims-what-investors-need-to-know | nan | nan | At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). AMD stock has been in rally mode as investors ratchet up their expectations in 2024 for the scrappy chip designer.
Nvidia fired back, though, dousing AMD's claims with a full bucket of cold water. What are investors to make of these "AI chip supremacy" claims, and is there a simple way for investors to measure real AI business performance?
Nvidia volleys, and AMD doubles down on claims
In a previous article, I cited AMD's claim that its newest AI system, the upcoming MI300X, outperforms the competition in AI inference by 1.4x to 1.6x. AI inference is computing work after an AI model has been trained, and users begin using the model for answers to questions or performing some other task.
AMD was specifically comparing the MI300X to Nvidia's DGX H100 system, which will be making way for the higher-performance DGX GH200 system later in 2024. That latest and greatest from Nvidia will likely turn the tables once again.
But as for the MI300X versus H100 claims, Nvidia was quick to point out a few days later that AMD's performance benchmarks didn't utilize the H100 with Nvidia's proprietary-software stack running on it, which, by the way, is bundled with the H100 system for no additional cost (though the H100 does cost a premium) as much of Nvidia's software for its chips and systems usually is. Instead, AMD chose to use an H100 and MI300X both using open-source software as a comparison.
At any rate, Nvidia claims that when benchmarked "properly," the H100 remains some 2x faster than the MI300X.
Just to add to the intrigue, a couple of days after that, AMD doubled down on its benchmarking claims with some updates of its own. AMD continues to improve its own AI software stack, called ROCm, and it says further optimizations have made the MI300X even more appealing for AI inference versus the H100.
Chart source: AMD.
What is an investor to believe?
All of these benchmarking claims in the AI race can be confusing or even downright meaningless for investors with minimal technical background in AI and computing system engineering. Is there an easier way to keep up?
Lean heavily on financial results in the AI race. After all, what better metric could there be for the layperson than one following the purchasing decisions of the folks actually building AI infrastructure. Though it's early on in the global buildout of new AI infrastructure, Nvidia has already established itself as a leader, and it won't be all that easy for AMD (or even Intel (NASDAQ: INTC)) to simply catch up.
COMPANY
Q3 DATA CENTER AND AI SEGMENT REVENUE
YOY INCREASE (DECREASE)
Nvidia
$14.5 billion
282%
Intel
$3.8 billion
(10%)
AMD
$1.6 billion
0%
Source: Nvidia, Intel, and AMD. Note: Intel and AMD data is for Q3 of fiscal 2023. Nvidia data is for Q3 of 2024, which ended October 2023. YOY = year over year.
As for AMD, will 2024 be the year it can start to turn the tables on Nvidia's AI dominance? Perhaps, although the only specific guidance made public points to AI GPU (including the MI300X) revenue of "at least $2 billion" expected for 2024. That makes AI systems a hit for AMD, but it will still have plenty of gap to fill with Nvidia, as Nvidia also expects to continue growing its data center and AI business.
AMD and Nvidia stocks both trade for a bit of a premium, using Wall Street analysts' early assumptions for what is expected to be a year of blistering earnings growth for both semiconductor companies. Nvidia trades for 25 times next year's consensus-earnings estimates, but AMD trades for nearly 37 times expected earnings. Given this situation, both stocks have a lot to gain over the next decade, but a premium price makes them dollar-cost-average candidates in my estimation.
Should you invest $1,000 in Advanced Micro Devices right now?
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Nicholas Rossolillo and his clients have positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. 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. | Though it's early on in the global buildout of new AI infrastructure, Nvidia has already established itself as a leader, and it won't be all that easy for AMD (or even Intel (NASDAQ: INTC)) to simply catch up. Perhaps, although the only specific guidance made public points to AI GPU (including the MI300X) revenue of "at least $2 billion" expected for 2024. AMD and Nvidia stocks both trade for a bit of a premium, using Wall Street analysts' early assumptions for what is expected to be a year of blistering earnings growth for both semiconductor companies. | At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). Before you buy stock in Advanced Micro Devices, 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 Advanced Micro Devices wasn't one of them. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. | At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). Nvidia volleys, and AMD doubles down on claims In a previous article, I cited AMD's claim that its newest AI system, the upcoming MI300X, outperforms the competition in AI inference by 1.4x to 1.6x. But as for the MI300X versus H100 claims, Nvidia was quick to point out a few days later that AMD's performance benchmarks didn't utilize the H100 with Nvidia's proprietary-software stack running on it, which, by the way, is bundled with the H100 system for no additional cost (though the H100 does cost a premium) as much of Nvidia's software for its chips and systems usually is. | At its recent AI event, Advanced Micro Devices (NASDAQ: AMD) fired shots and claimed supremacy in AI inference above AI system pioneer and leader Nvidia (NASDAQ: NVDA). All of these benchmarking claims in the AI race can be confusing or even downright meaningless for investors with minimal technical background in AI and computing system engineering. $1.6 billion 0% Source: Nvidia, Intel, and AMD. | 1e3593b1-3e54-4b94-bb95-5e1eafcf93c4 |
710806.0 | 2023-12-16 00:00:00 UTC | 5 Market-Beating Construction Picks That Might Lose Steam in 2024 | DCOMP | https://www.nasdaq.com/articles/5-market-beating-construction-picks-that-might-lose-steam-in-2024 | nan | nan | The Zacks Construction sector has shown signs of recovery in the past few months, as mortgage rates and inflationary pressure have started relieving the economy. Recently, the Federal Reserve’s monetary policy committee also decided to stabilize the federal funds rate at a top target of 5.5% and suggested three rate cuts next year.
The private residential construction market as well as repair and remodeling (R&R) activities has started improving recently. Increased government funding for infrastructure and carbon/ESG-related projects is an added bliss for the sector.
However, macroeconomic uncertainties, new product investments and rising raw material costs could squeeze margins. Additionally, the lack of existing homes for sale, which is increasing cycle times for homebuilders, and affordability issues are ultimately hurting housing and its related industries.
Weyerhaeuser Company WY and PotlatchDeltic Corporation PCH from the Zacks Building Products – Wood industry, ChampionX Corp. CHX from the Zacks Engineering - R and D Services industry, MasTec, Inc. MTZ from the Zacks Building Products - Heavy Construction industry and Hillman Solutions Corp. HLMN from the Zacks Building Products - Miscellaneous industry are a few construction players likely to be hurt more by the above-mentioned headwinds.
Will Improving Trends Sustain in 2024?
On Dec 18, the National Association of Home Builders (NAHB)/Wells Fargo reported a three-point month-over-month improvement in the builder confidence for December in its recent Housing Market Index (HMI). NAHB has also noted that as mortgage rates ran above 7% in November, many builders are still reducing home prices to boost sales. In December, 36% of builders reported reducing home prices, while 60% of builders providing sales incentives.
NAHB’s HMI noted that the component measuring sales expectations for the next six months increased six points to 45 from November. Although the price level of inputs to residential construction less energy (i.e., building materials) increased 0.2% in November, a slowdown in inflation and an improving job market are signaling hope.
Apart from the residential market, non-residential players are banking on strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply-chain investments. Also, they are experiencing higher funding for carbon/ESG-related projects to pursue carbon capture and storage work. Meanwhile, the R&R activity is showing a solid momentum of late.
So far in 2023, the Zacks Construction sector has risen 48.1%, more than double the S&P 500 index’s 23.4% rally.
Image Source: Zacks Investment Research
However, the above-mentioned headwinds are major concerns for the whole sector. Let’s see which factors are ailing the aforesaid companies and impacting their earnings projection.
Stocks Worth Kicking off of Your Portfolio
With the help of Zacks Stock Screener, we have zeroed five high-profile construction stocks that have a market cap of more than 1 billion and currently carry a Zacks Rank of 4 or 5 (Sell-Rated). Also, none of these stocks have outperformed the broader sectors or the S&P 500 index year to date (YTD).
Weyerhaeuser: Based in Seattle, WA, this Zacks Rank #4 (Sell) company is one of the world's largest private owners of timberlands, with a market cap of $24.34 billion. It recently saw low contributions from the Timberlands and Wood Products segments mainly due to lower sales volumes in the Western and Southern markets, low average sales realizations, and high costs. Macroeconomic woes and a highly volatile lumber market are added risks. WY is also grappling with a tepid liquidity position.
Weyerhaeuser has gained 8.2% YTD. It has seen a downward estimate revision to $1.02 and $1.17 from $1.03 and $1.18 for 2023 and 2024 earnings per share (EPS), respectively, over the past seven days. Negative estimate revisions depict analysts' concerns over the company’s growth potential. WY has a VGM Score of D.
ChampionX: This engineering services company provides chemistry solutions, engineered equipment and technologies to companies that produce oil and gas. CHX is experiencing lower contribution from its Reservoir Chemical Technologies segment due to the exit of the friction reducer product line. A decrease in the Production Chemical Technologies segment contribution, which was mainly associated with the decision to exit its CT Russia business, and a decline in revenues derived from the Cross Supply and Product Transfer Agreement with Ecolab Inc. are added negatives. The company also experienced a decrease in revenues from the Drilling Technologies segment due to lower U.S. rig count and customer activity, as well as higher labor costs and general inflation.
ChampionX, currently carrying a Zacks Rank #5 (Strong Sell), has a market cap of $6.03 billion. The Zacks Consensus Estimate for 2023 and 2024 EPS has reduced to $1.77 and $2.08 from $1.87 and $2.25, respectively, in the past 60 days. YTD, the stock has gained 6.9%. CHX currently has a Value Score of C.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
MasTec: Based in Coral Gables, FL, this is a leading infrastructure construction company operating mainly throughout North America, with a market cap of $5.75 billion. MasTec has been witnessing continued delays on certain Clean Energy and Infrastructure segment project start dates and lower-than-expected revenues from the Communications and Power Delivery segments. Notably, MTZ lowered its earnings and revenue expectations for 2023. It expects to generate revenues of $12 billion for 2023, down from the earlier mentioned $12.7-$13 billion. Earnings are now projected to be $1.75 per share, significantly down from the $3.75-$4.19 stated earlier.
MasTec, currently carrying a Zacks Rank #5, has declined 16.4% YTD. The consensus estimate for 2023 and 2024 EPS has declined to $1.76 and $2.49 from $3.92 and $5.65, respectively, in the past 60 days. It has a VGM Score of C.
PotlatchDeltic: Headquartered in Spokane, WA, PotlatchDeltic is a leading Real Estate Investment Trust (REIT). The company has a market cap of $3.73 billion. PCH has been witnessing declines in lumber and Northern sawlog prices, fewer rural real estate acres sold, and lower real estate development sales in Chenal Valley. Higher manufacturing, logging and hauling costs are added negatives.
PotlatchDeltic, a Zacks Rank #4 stock, has gained 7.5% YTD. PCH has seen a downward estimate revision for 2023 and 2024 EPS to 47 cents and 78 cents from 80 cents and $1.30, respectively, over the past 60 days. It has a VGM Score of D.
Hillman Solutions: Based in Cincinnati, OH, this company provides hardware-related products and merchandising services in North America. This Zacks Rank #4 company has a market cap of $1.68 billion. HLMN’s Protective equipment has been experiencing lower volumes due to difficult comparable COVID-19 sales. Also, decreases in full-service key and engraving volume are hurting Robotics and Digital Solutions unit. Currency woes, and higher shipping and product costs are other major concerns for the company.
HLMN has gained 19.4% YTD. That said, HLMN’s 2023 and 2024 EPS estimate has decreased to 36 cents and 41 cents from 39 cents and 47 cents, respectively, over the past 60 days. It has a Momentum Score of D.
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Weyerhaeuser Company (WY) : Free Stock Analysis Report
Potlatch Corporation (PCH) : Free Stock Analysis Report
MasTec, Inc. (MTZ) : Free Stock Analysis Report
ChampionX Corporation (CHX) : Free Stock Analysis Report
Hillman Solutions Corp. (HLMN) : 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. | Although the price level of inputs to residential construction less energy (i.e., building materials) increased 0.2% in November, a slowdown in inflation and an improving job market are signaling hope. Weyerhaeuser: Based in Seattle, WA, this Zacks Rank #4 (Sell) company is one of the world's largest private owners of timberlands, with a market cap of $24.34 billion. The company also experienced a decrease in revenues from the Drilling Technologies segment due to lower U.S. rig count and customer activity, as well as higher labor costs and general inflation. | Weyerhaeuser Company WY and PotlatchDeltic Corporation PCH from the Zacks Building Products – Wood industry, ChampionX Corp. CHX from the Zacks Engineering - R and D Services industry, MasTec, Inc. MTZ from the Zacks Building Products - Heavy Construction industry and Hillman Solutions Corp. HLMN from the Zacks Building Products - Miscellaneous industry are a few construction players likely to be hurt more by the above-mentioned headwinds. It recently saw low contributions from the Timberlands and Wood Products segments mainly due to lower sales volumes in the Western and Southern markets, low average sales realizations, and high costs. Click to get this free report Weyerhaeuser Company (WY) : Free Stock Analysis Report Potlatch Corporation (PCH) : Free Stock Analysis Report MasTec, Inc. (MTZ) : Free Stock Analysis Report ChampionX Corporation (CHX) : Free Stock Analysis Report Hillman Solutions Corp. (HLMN) : Free Stock Analysis Report To read this article on Zacks.com click here. | Weyerhaeuser Company WY and PotlatchDeltic Corporation PCH from the Zacks Building Products – Wood industry, ChampionX Corp. CHX from the Zacks Engineering - R and D Services industry, MasTec, Inc. MTZ from the Zacks Building Products - Heavy Construction industry and Hillman Solutions Corp. HLMN from the Zacks Building Products - Miscellaneous industry are a few construction players likely to be hurt more by the above-mentioned headwinds. Stocks Worth Kicking off of Your Portfolio With the help of Zacks Stock Screener, we have zeroed five high-profile construction stocks that have a market cap of more than 1 billion and currently carry a Zacks Rank of 4 or 5 (Sell-Rated). Click to get this free report Weyerhaeuser Company (WY) : Free Stock Analysis Report Potlatch Corporation (PCH) : Free Stock Analysis Report MasTec, Inc. (MTZ) : Free Stock Analysis Report ChampionX Corporation (CHX) : Free Stock Analysis Report Hillman Solutions Corp. (HLMN) : Free Stock Analysis Report To read this article on Zacks.com click here. | Weyerhaeuser Company WY and PotlatchDeltic Corporation PCH from the Zacks Building Products – Wood industry, ChampionX Corp. CHX from the Zacks Engineering - R and D Services industry, MasTec, Inc. MTZ from the Zacks Building Products - Heavy Construction industry and Hillman Solutions Corp. HLMN from the Zacks Building Products - Miscellaneous industry are a few construction players likely to be hurt more by the above-mentioned headwinds. The company also experienced a decrease in revenues from the Drilling Technologies segment due to lower U.S. rig count and customer activity, as well as higher labor costs and general inflation. PotlatchDeltic, a Zacks Rank #4 stock, has gained 7.5% YTD. | d0f8c9af-bcc8-4454-9d60-749a280a33b7 |
710807.0 | 2023-12-16 00:00:00 UTC | Alexandria (ARE) Inks Leases at its Campuses Amid Solid Demand | DCOMP | https://www.nasdaq.com/articles/alexandria-are-inks-leases-at-its-campuses-amid-solid-demand | nan | nan | Alexandria Real Estate Equities, Inc. ARE recently inked a long-term full-building lease with Novo Nordisk NVO, a leading global healthcare company. Shares of the ARE witnessed a marginal loss on the Dec 19 normal trading session on the NYSE.
The lease was signed for 165,940 rentable square feet (RSF) for the building situated at 60 Sylvan Road, which is ARE’s active redevelopment project. This anchors the 1.5 million RSF Alexandria Center for Life Science – Waltham mega campus in Greater Boston – which includes 40, 50 and 60 Sylvan Road, 35 Gatehouse Drive and 840 Winter Street. The property is expected to be delivered to Novo Nordisk in 2025.
The campus is highly differentiated in the Route 128 submarket with inspiring design, curated placemaking and unmatched scale. It is conveniently located in proximity to world-renowned academic medical centers and Cambridge, downtown Boston and Logan International Airport.
With an exceptional suite of amenities, including flexible conference and meeting space, an expansive central lawn and collaboration pods, the campus has been strategically designed to attract and retain top talent and enhance innovation and efficiency. Other attractive features include a casual café, a fitness and wellness center, outdoor biking and walking paths and a vertical farm.
Additionally, this December, Alexandria signed a long-term lease for 99,557 RSF with CARGO Therapeutics CRGX at 835 Industrial Road on the Alexandria Center for Life Science – San Carlos mega campus in the San Francisco Bay Area. CARGO is expected to take occupancy in the mission-critical life science space in early 2024.
Strategically located between Highway 101 and the San Carlos Caltrain station, the mega campus provides convenient access to downtown San Carlos and public transit. At present, the site, which can accommodate roughly 1.4 million RSF of future development opportunities, has around 737,000 RSF in operation.
The San Carlos campus operates in a vibrant ecosystem with state-of-the-art laboratory space and a highly curated array of amenities, including sophisticated conference and meeting spaces, an expansive courtyard, a contemporary eatery, an artisanal coffee bar and a fully equipped fitness and wellness center.
Both these leases showcase the high demand for Alexandria Class A/A+ properties in North America's AAA innovation cluster locations and highlight the essential, reusable and re-leasable nature of its best-in-class Labspace infrastructure. The advantageous locations of its properties are driving demand, resulting in high occupancy levels.
ARE is also focused on the acquisition, development and redevelopment of new Class A/A+ properties in AAA locations to boost its operating performance over the long term.
Notably, from the beginning of 2023 through Oct 23, the company completed acquisitions with development/redevelopment opportunities worth $258.9 million. Its pipeline of current and near-term projects is expected to generate annual incremental net operating income of $580 million through the third quarter of 2026, which is encouraging.
ARE’s solid balance sheet position and ample financial flexibility are likely to support its growth endeavors.
Nonetheless, persistent macroeconomic uncertainty and high interest rates pose near-term concerns.
Shares of this Zacks Rank #3 (Hold) company have gained 15% in the past three months compared with the industry’s growth of 10.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Image Source: Zacks Investment Research
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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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Novo Nordisk A/S (NVO) : Free Stock Analysis Report
Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report
CARGO Therapeutics, Inc. (CRGX): 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. | This anchors the 1.5 million RSF Alexandria Center for Life Science – Waltham mega campus in Greater Boston – which includes 40, 50 and 60 Sylvan Road, 35 Gatehouse Drive and 840 Winter Street. With an exceptional suite of amenities, including flexible conference and meeting space, an expansive central lawn and collaboration pods, the campus has been strategically designed to attract and retain top talent and enhance innovation and efficiency. Both these leases showcase the high demand for Alexandria Class A/A+ properties in North America's AAA innovation cluster locations and highlight the essential, reusable and re-leasable nature of its best-in-class Labspace infrastructure. | This anchors the 1.5 million RSF Alexandria Center for Life Science – Waltham mega campus in Greater Boston – which includes 40, 50 and 60 Sylvan Road, 35 Gatehouse Drive and 840 Winter Street. Additionally, this December, Alexandria signed a long-term lease for 99,557 RSF with CARGO Therapeutics CRGX at 835 Industrial Road on the Alexandria Center for Life Science – San Carlos mega campus in the San Francisco Bay Area. Click to get this free report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report CARGO Therapeutics, Inc. (CRGX): Free Stock Analysis Report To read this article on Zacks.com click here. | Additionally, this December, Alexandria signed a long-term lease for 99,557 RSF with CARGO Therapeutics CRGX at 835 Industrial Road on the Alexandria Center for Life Science – San Carlos mega campus in the San Francisco Bay Area. The San Carlos campus operates in a vibrant ecosystem with state-of-the-art laboratory space and a highly curated array of amenities, including sophisticated conference and meeting spaces, an expansive courtyard, a contemporary eatery, an artisanal coffee bar and a fully equipped fitness and wellness center. Click to get this free report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Alexandria Real Estate Equities, Inc. (ARE) : Free Stock Analysis Report CARGO Therapeutics, Inc. (CRGX): Free Stock Analysis Report To read this article on Zacks.com click here. | Additionally, this December, Alexandria signed a long-term lease for 99,557 RSF with CARGO Therapeutics CRGX at 835 Industrial Road on the Alexandria Center for Life Science – San Carlos mega campus in the San Francisco Bay Area. The San Carlos campus operates in a vibrant ecosystem with state-of-the-art laboratory space and a highly curated array of amenities, including sophisticated conference and meeting spaces, an expansive courtyard, a contemporary eatery, an artisanal coffee bar and a fully equipped fitness and wellness center. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 107c9745-99e1-4868-9cd7-b9d1140f189a |
710808.0 | 2023-12-16 00:00:00 UTC | Best Momentum Stocks to Buy for December 19th | DCOMP | https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-december-19th-0 | nan | nan | Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 19:
FlexShopper, Inc. FPAY: This financial technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.9% over the last 60 days.
FlexShopper Inc. Price and Consensus
FlexShopper Inc. price-consensus-chart | FlexShopper Inc. Quote
FlexShopper's shares gained 49.1% over the last three months compared with the S&P 500’s advance of 6.5%. The company possesses a Momentum Score of A.
FlexShopper Inc. Price
FlexShopper Inc. price | FlexShopper Inc. Quote
Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days.
Beacon Roofing Supply, Inc. Price and Consensus
Beacon Roofing Supply, Inc. price-consensus-chart | Beacon Roofing Supply, Inc. Quote
Beacon Roofing Supply's shares gained 10.4% over the last three months compared with the S&P 500’s advance of 6.5%. The company possesses a Momentum Score of A.
Beacon Roofing Supply, Inc. Price
Beacon Roofing Supply, Inc. price | Beacon Roofing Supply, Inc. Quote
Fulton Financial Corporation FULT: This financial holding company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days.
Fulton Financial Corporation Price and Consensus
Fulton Financial Corporation price-consensus-chart | Fulton Financial Corporation Quote
Fulton's shares gained 31.4% over the last three months compared with the S&P 500’s advance of 6.5%. The company possesses a Momentum Score of A.
Fulton Financial Corporation Price
Fulton Financial Corporation price | Fulton Financial Corporation Quote
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Learn more about the Momentum score and how it is calculated here.
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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Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
Fulton Financial Corporation (FULT) : Free Stock Analysis Report
FlexShopper Inc. (FPAY) : 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. | Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 19: FlexShopper, Inc. FPAY: This financial technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.9% over the last 60 days. 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." | Beacon Roofing Supply, Inc. Price and Consensus Beacon Roofing Supply, Inc. price-consensus-chart | Beacon Roofing Supply, Inc. Quote Beacon Roofing Supply's shares gained 10.4% over the last three months compared with the S&P 500’s advance of 6.5%. The company possesses a Momentum Score of A. Beacon Roofing Supply, Inc. Price Beacon Roofing Supply, Inc. price | Beacon Roofing Supply, Inc. Quote Fulton Financial Corporation FULT: This financial holding company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days. Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Fulton Financial Corporation (FULT) : Free Stock Analysis Report FlexShopper Inc. (FPAY) : Free Stock Analysis Report To read this article on Zacks.com click here. | The company possesses a Momentum Score of A. FlexShopper Inc. Price FlexShopper Inc. price | FlexShopper Inc. Quote Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days. The company possesses a Momentum Score of A. Beacon Roofing Supply, Inc. Price Beacon Roofing Supply, Inc. price | Beacon Roofing Supply, Inc. Quote Fulton Financial Corporation FULT: This financial holding company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days. Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Fulton Financial Corporation (FULT) : Free Stock Analysis Report FlexShopper Inc. (FPAY) : Free Stock Analysis Report To read this article on Zacks.com click here. | The company possesses a Momentum Score of A. FlexShopper Inc. Price FlexShopper Inc. price | FlexShopper Inc. Quote Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Fulton Financial Corporation (FULT) : Free Stock Analysis Report FlexShopper Inc. (FPAY) : Free Stock Analysis Report To read this article on Zacks.com click here. | cefe95e8-e553-4f61-ac0c-d2527ca14d40 |
710809.0 | 2023-12-16 00:00:00 UTC | Should You Retain Simon Property (SPG) Stock Right Now? | DCOMP | https://www.nasdaq.com/articles/should-you-retain-simon-property-spg-stock-right-now | nan | nan | In an improving leasing environment in the retail real estate industry, Simon Property Group’s SPG portfolio of premium assets in the United States and abroad, the adoption of omnichannel retailing and balance sheet strength position it well for growth. This retail REIT behemoth enjoys wide exposure to retail assets across the United States. Additionally, its presence in international markets is likely to encourage sustainable long-term growth compared with its domestically focused peers.
Simon Property’s adoption of an omnichannel strategy and successful tie-ups with premium retailers has paid off well. Its online retail platform, coupled with an omnichannel strategy, is likely to be accretive to its long-term growth. It is also focused on tapping growth opportunities by helping digital brands enhance their brick-and-mortar presence.
Further, SPG’s efforts to explore the mixed-use development option, which has gained immense popularity in recent years, have enabled it to tap growth opportunities in areas where people prefer to live, work, play, stay and shop. Going forward, an improving leasing environment is likely to benefit this retail REIT’s properties at premium locations. We expect the company’s 2023 total revenues to increase 4.6% on a year-over-year basis.
In the nine months ended Sep 30, 2023, the company signed 922 new leases and 1,440 renewal leases (excluding mall anchors and majors, new development, redevelopment and leases with terms of one year or less) with a fixed minimum rent across its U.S. Malls and Premium Outlets portfolio. This comprised roughly 8.5 million square feet, of which 6.5 million square feet were related to consolidated properties.
Also, it has a significant number of leases lined up and continues to see solid broad-based demand from the retail community across several categories. As of Sep 30, 2023, the ending occupancy for the U.S. Malls and Premium Outlets portfolio was 95.2%, up 70 basis points from 94.5% as of Sep 30, 2022. We project the metric to be 95.4% at year-end 2023.
To enhance its portfolio, Simon Property has been focusing on premium acquisitions and transformative redevelopments and has invested billions in transforming its properties. Moreover, the company capitalized on buying recognized retail brands in bankruptcy. With the brands generating a decent amount from digital sales, investments in them seem strategic for SPG.
Simon Property is making concerted efforts to bolster its financial flexibility. This enabled the company to exit the third quarter of 2023 with $8.8 billion of liquidity. As of Sep 30, 2023, Simon Property’s total secured debt to total assets was 18%, while the fixed-charge coverage ratio was 4.5, ahead of the required level.
SPG also enjoys investment-grade credit ratings, giving it favorable access to the debt market. With strong financial footing and enough financial flexibility, it remains well-poised to tide over any mayhem and bank on growth opportunities.
Solid dividend payouts are the biggest enticement for REIT investors, and Simon Property is committed to boosting shareholder wealth. During the pandemic, while several REITs suspended dividend payments in light of the pandemic that disrupted the macro economy and affected rent collections, Simon Property continued with its dividend payment, though at a reduced rate.
Later, the company announced dividend hikes, with the most recent one being declared concurrent with the second quarter of 2023 earnings release, whereby the company increased the dividend payment to $1.90 per share from $1.85 paid out earlier. This marked a hike of 2.7% from the prior dividend payment and a year-over-year increase of 8.6%. This retail REIT has increased its dividend 10 times in the last five years. This spate of dividend increases brings additional relief to investors and reaffirms confidence in this retail landlord.
Shares of this Zacks Rank #3 (Hold) company have risen 26.2% in the past three months, outperforming its industry’s increase of 11.3%.
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With the pandemic's impact waning, mall traffic has rebounded significantly. However, given the convenience of online shopping, it is likely to continue to be a popular choice among customers. Consequently, this might adversely impact the market share for brick-and-mortar stores and affect retail REITs, including Simon Property.
A high interest rate environment is a concern for Simon Property. Elevated rates imply high borrowing costs for the company, which would affect its ability to purchase or develop real estate. The company has a substantial debt burden, and its share of total debt as of Sep 30, 2023, was approximately $31.4 billion. Higher interest expenses during the third quarter of 2023 adversely impacted its results by seven cents per share in the year-over-year comparison.
Our estimate implies a year-over-year rise of 9.5% in the company’s current-year interest expenses. Moreover, with high interest rates in place, the dividend payout might seem less attractive than the yields on fixed-income and money market accounts.
Stocks to Consider
Some better-ranked stocks from the retail REIT sector are Realty Income O and TANGER INC SKT. While SKT sports a Zacks Rank #1 (Strong Buy) at present, O carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Realty Income’s ongoing year’s funds from operations (FFO) per share is pegged at $4.01, indicating a year-over-year increase of 2.3%.
The Zacks Consensus Estimate for TANGER INC’s current-year FFO per share stands at $1.94, implying a rise of 6% from the year-ago reported figure.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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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Simon Property Group, Inc. (SPG) : Free Stock Analysis Report
Tanger Inc. (SKT) : Free Stock Analysis Report
Realty Income Corporation (O) : 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. | Further, SPG’s efforts to explore the mixed-use development option, which has gained immense popularity in recent years, have enabled it to tap growth opportunities in areas where people prefer to live, work, play, stay and shop. The Zacks Consensus Estimate for Realty Income’s ongoing year’s funds from operations (FFO) per share is pegged at $4.01, indicating a year-over-year increase of 2.3%. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs. | In an improving leasing environment in the retail real estate industry, Simon Property Group’s SPG portfolio of premium assets in the United States and abroad, the adoption of omnichannel retailing and balance sheet strength position it well for growth. Consequently, this might adversely impact the market share for brick-and-mortar stores and affect retail REITs, including Simon Property. Click to get this free report Simon Property Group, Inc. (SPG) : Free Stock Analysis Report Tanger Inc. (SKT) : Free Stock Analysis Report Realty Income Corporation (O) : Free Stock Analysis Report To read this article on Zacks.com click here. | In an improving leasing environment in the retail real estate industry, Simon Property Group’s SPG portfolio of premium assets in the United States and abroad, the adoption of omnichannel retailing and balance sheet strength position it well for growth. During the pandemic, while several REITs suspended dividend payments in light of the pandemic that disrupted the macro economy and affected rent collections, Simon Property continued with its dividend payment, though at a reduced rate. Click to get this free report Simon Property Group, Inc. (SPG) : Free Stock Analysis Report Tanger Inc. (SKT) : Free Stock Analysis Report Realty Income Corporation (O) : Free Stock Analysis Report To read this article on Zacks.com click here. | It is also focused on tapping growth opportunities by helping digital brands enhance their brick-and-mortar presence. This retail REIT has increased its dividend 10 times in the last five years. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 086998c3-4a18-4497-80b0-97031ad75607 |
710810.0 | 2023-12-16 00:00:00 UTC | Rayonier (RYN) Sells Timberland, Announces Special Dividend | DCOMP | https://www.nasdaq.com/articles/rayonier-ryn-sells-timberland-announces-special-dividend | nan | nan | Rayonier Inc. RYN recently sold 55,000 acres of timberland in Oregon to Manulife Investment Management on behalf of clients for $242 million or roughly $4,400 per acre. The transaction was subject to customary prorations and closing costs.
The move is part of Rayonier’s capital structure realignment plan, through which it aims to dispose of select assets totaling $1 billion over the next 18 months. This will enhance shareholder value by capturing significant disparity between public and private market timberland values and lower the company’s debt.
This timberland real estate investment trust’s (REIT) also intends to bring its net debt to adjusted EBITDA within 3.0X compared with 4.5X targeted earlier. Such efforts will increase capital allocation flexibility and improve CAD per share.
Of the $242 million received, Rayonier utilized $150 million to repay its floating rate debt while $30 million was used to distribute a special dividend of 20 cents per common share to shareholders. The one-time dividend will be paid out on Jan 12, 2024, to shareholders on record as of Dec 29, 2023.
The remaining proceeds will be used for debt reduction and/or other capital allocation purposes in the future.
Per David Nunes, chief executive officer of the company, “We are actively working to bring additional timberland assets to market as we execute on our plan to capture the disparity between public and private timberland values, position our balance sheet for a higher interest rate environment, and return meaningful capital to shareholders.”
Rayonier owns a solid timberland portfolio in some of the most productive timber-growing regions of the U.S. South, the Pacific Northwest and New Zealand. It has emerged as the leading “Pure Play” timber REIT, generating 74% of its EBITDA from timber operations, compared with 23% for the peer group over the last three years.
The lumber production and capacity in the U.S. South have grown substantially over the past few years. This positions Rayonier well to capitalize on the favorable trend, given that 73% of its Southern timberlands are located in the top quartile markets.
Moreover, the timberland REIT’s business has significantly benefited from the recent developments in the field of biogenetics and cloning that have led to faster growth in trees, thus ensuring proper sizes for maximum extraction of wood.
Analysts seem bullish on this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for the company’s 2023 earnings per share has been raised 8.8% over the past two months to 37 cents.
Shares of RYN have gained 15.8% in the quarter-to-date period compared with its industry’s upside of 14.6%.
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Nonetheless, Rayonier faces competition from various national and local players regarding a number of factors, including quality and price. Also, various substitute products, like non-wood and engineered wood products, are likely to hurt the demand for wood products, weighing on the company’s prospects.
Given a weaker export market demand, the company’s Pacific Northwest Timber segment is likely to remain in distress in the near term and witness a decline in pricing, hurting profitability. For 2023, we estimate a year-over-year decline of 17.5% in the segment’s revenues.
Also, subdued residential construction activity due to a high interest rate environment is concerning. Rayonier may find it difficult to purchase or develop real estate with borrowed funds as the costs are likely to be on the higher side.
Stocks to Consider
Some better-ranked stocks from the REIT sector are EastGroup Properties EGP, Stag Industrial STAG and Park Hotels & Resorts PK. While PK sports a Zacks Rank #1 (Strong Buy), EGP and STAG each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for EastGroup Properties’ 2023 funds from operations (FFO) per share has moved marginally upward in the past two months to $7.70.
The consensus estimate for Stag Industrial’s ongoing year’s FFO per share has increased 1.3% over the past two months to $2.28.
The consensus mark for Park Hotels & Resorts’ current-year FFO per share has moved marginally northward over the past month to $1.99.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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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Rayonier Inc. (RYN) : Free Stock Analysis Report
Stag Industrial, Inc. (STAG) : Free Stock Analysis Report
EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report
Park Hotels & Resorts Inc. (PK) : 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. | Moreover, the timberland REIT’s business has significantly benefited from the recent developments in the field of biogenetics and cloning that have led to faster growth in trees, thus ensuring proper sizes for maximum extraction of wood. Image Source: Zacks Investment Research Nonetheless, Rayonier faces competition from various national and local players regarding a number of factors, including quality and price. Given a weaker export market demand, the company’s Pacific Northwest Timber segment is likely to remain in distress in the near term and witness a decline in pricing, hurting profitability. | Stocks to Consider Some better-ranked stocks from the REIT sector are EastGroup Properties EGP, Stag Industrial STAG and Park Hotels & Resorts PK. The Zacks Consensus Estimate for EastGroup Properties’ 2023 funds from operations (FFO) per share has moved marginally upward in the past two months to $7.70. Click to get this free report Rayonier Inc. (RYN) : Free Stock Analysis Report Stag Industrial, Inc. (STAG) : Free Stock Analysis Report EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report Park Hotels & Resorts Inc. (PK) : Free Stock Analysis Report To read this article on Zacks.com click here. | Per David Nunes, chief executive officer of the company, “We are actively working to bring additional timberland assets to market as we execute on our plan to capture the disparity between public and private timberland values, position our balance sheet for a higher interest rate environment, and return meaningful capital to shareholders.” The Zacks Consensus Estimate for EastGroup Properties’ 2023 funds from operations (FFO) per share has moved marginally upward in the past two months to $7.70. Click to get this free report Rayonier Inc. (RYN) : Free Stock Analysis Report Stag Industrial, Inc. (STAG) : Free Stock Analysis Report EastGroup Properties, Inc. (EGP) : Free Stock Analysis Report Park Hotels & Resorts Inc. (PK) : Free Stock Analysis Report To read this article on Zacks.com click here. | Per David Nunes, chief executive officer of the company, “We are actively working to bring additional timberland assets to market as we execute on our plan to capture the disparity between public and private timberland values, position our balance sheet for a higher interest rate environment, and return meaningful capital to shareholders.” The consensus estimate for Stag Industrial’s ongoing year’s FFO per share has increased 1.3% over the past two months to $2.28. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 365d69dd-b8ce-4bde-a82e-9da1c9d127d6 |
710811.0 | 2023-12-16 00:00:00 UTC | 4 Insurers With 25% Gains in 2023 Still Have Room to Run | DCOMP | https://www.nasdaq.com/articles/4-insurers-with-25-gains-in-2023-still-have-room-to-run | nan | nan | The insurance industry has performed well so far this year, riding on better pricing, prudent underwriting standards, increased exposure, streamlined operations, a wider global presence and a solid capital position. Increased technology advancements and an improving rate environment have added to the upside. The insurance market has gained 12.8% over the past year.
Banking on strong fundamentals and benefiting from a favorable macro backdrop, Assurant, Inc. AIZ, MGIC Investment Corporation MTG, NMI Holdings Inc. NMIH and Radian Group Inc. RDN have not only outperformed the industry but have also crushed the Zacks S&P 500 composite, the insurance market and the Finance sector. These companies are well-poised to sustain the bull run next year.
How Was 2023 for the Insurers?
The economy has improved throughout 2023. Real gross domestic product (GDP) increased at an annual rate of 5.2% in the third quarter of 2023 and 2.1% in the second quarter of 2023, per the Bureau of Economic Analysis. At the December FOMC meeting, the Fed estimated the real GDP to grow 2.6% for 2023 and the unemployment rate to be 3.8%. The Personal Consumption Expenditures inflation projection has also been lowered by 50 bps to 3.2% in the December 2023 projection from 3.7% in the September projection.
Exposure growth, better pricing, prudent underwriting and favorable reserve development will help non-life insurers withstand the blow despite an above-average hurricane season. Also, frequent occurrences of natural disasters should accelerate the policy renewal rate.
Swiss Re estimated economic losses from natural catastrophes and man-made events in 2023 to be $269 billion, suggesting a rise from the previous 10-year average of $235 billion. Per Swiss Re, insured losses are estimated to exceed $100 billion in 2023 on natural catastrophes. Per Gallagher Re, total economic losses were estimated to be $290 billion for the first nine months of 2023, resulting from elevated natural catastrophe losses globally.
The net combined ratio for 2023 for the property and casualty industry is forecast to be 103.8%, stemming from severe convective storm losses, per a Triple-I and Milliman report.
The U.S. property and casualty industry recorded a $24.5-billion net underwriting loss in the first half of 2023, per a new AM Best report. The combined ratio is projected to be 104.5 per the credit rating giant in the first half of 2023. AM Best continues to maintain a negative market segment outlook on the U.S. personal lines insurance segment.
Global commercial insurance prices rose for 24 straight quarters, though the magnitude has slowed down over the past 11 quarters, per Marsh Global Insurance Market Index.
Better pricing ensures improved premiums and prudent claims payment. Analysts at Swiss Re Institute predict premium growth of 7.5% for 2023. Per reports published in Carrier Management, direct premiums written across the P&C business in 2023 are estimated to grow in the double digits. Per a report by Triple-I and Milliman, net written premium growth for 2023 is estimated at 8.3% for the industry.
The insurance industry is rate-sensitive. The interest rate environment has started to improve. The Fed has already made four hikes in 2023, taking the figure to 11 since March 2022. The Fed has held interest rates unchanged at 5.25-5.5% at the December FOMC meeting. An improving rate environment is a boon for insurers, especially long-tail insurers.
Increased awareness following the pandemic continues to support the life insurance market. Total individual life insurance new annualized premium increased 4% to $3.7 billion year over year, per preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and estimates. The survey also found that policy count improved 4% year over year for the first nine months of 2023. LIMRA expects overall life insurance sales in 2023 to exceed marginally the record-high premium in 2022. Life insurance premium growth fell 3% in the first half of 2023. Sales trends have improved thus far in the second half of 2023.
Nevertheless, a solid capital level supports insurers in pursuing strategic mergers and acquisitions to gain market share, expand in niche areas, and diversify operations into new business lines and geography, as well as increase dividends, pay special dividends and buy back shares.
The industry is undergoing accelerated digitalization. Players are investing heavily in technology to expedite business operations. Increased use of technology like blockchain, artificial intelligence, advanced analytics, telematics, cloud computing, robotic process automation, Chatbot and RoboAdvisory, and insurtech solutions continue to save costs.
Can These Stocks Retain the Bull Run in 2024?
Per December Economic Projections, The Fed lowered its inflation forecast from 2.6% to 2.4% for 2024. The Fed projects U.S. GDP growth of 1.5% in 2024. Real GDP growth is projected to be positive in 2024. As the insurance industry is an important contributor to the country’s GDP, it is well-poised for growth, given the economic expansion.
At the December FOMC meeting, the Fed signaled three interest rate cuts in 2024, with further rate cuts expected in 2025. Insurers, being the beneficiaries of the rising rate environment, are positioned to generate better investment results.
The improved pricing environment should continue through 2024. Better pricing, improved underwriting standards and streamlined operations should continue to fuel premiums. Per Fitch Ratings, personal auto is likely to deliver a better performance in 2024. This, coupled with better investment results and lower claims, should fuel insurers' performance next year, per Fitch Ratings. Per Deloitte Insights, gross premiums are estimated to increase sixfold to $722 billion by 2030. China and North America should account for more than two-thirds of theglobal market per the report. Per Willis Towers Watson’s 2024 Insurance Marketplace Realities report, commercial property insurance should witness rate increases in 2024. Per the report, the increases will likely be in the single digits for all lines. Per LIMRA, the total U.S. retail life insurance premium is projected to increase 5% in 2024 as economic conditions are likely to stabilize.
Insurers should continue to invest heavily in technology to improve scale and efficiencies, while M&A should be on the rise as more insurers seek growth through expansion.
Picks for Better Return
With the help of the Zacks Stock Screener, we have selected four insurance stocks that have rallied this year and are poised to retain the momentum next year. These top-ranked stocks have rallied more than 25% in a year. These stocks have delivered earnings surprises in each of the last four reported quarters and witnessed northbound estimate revisions.
Atlanta, Georgia-based Assurant is a global provider of risk management solutions in the housing and lifestyle markets. The Global Lifestyle segment is expected to benefit from mobile protection program growth in North America, higher Connected Living earnings and strong prior-period sales in Global Automotive. Higher net investment income, after client profit sharing, favorable loss experience in select domestic ancillary products and expansion across distribution channels are expected to aid Global Automotive.
Assurant has a solid capital management policy. In November 2023, the board of directors approved a dividend hike of 3%, seeing an eight-year CAGR (2016-2023) of 4.3%, which is the 19th consecutive year of an increase. Beside the regular dividend hike, Assurant remains committed to returning excess cash to shareholders through share repurchases. The company's return on equity of 17.3% bettered the industry average of 13.2%.
The Zacks Consensus Estimate for AIZ’s 2024 earnings suggests 3.7% growth from the year-ago reported figure on 4% higher revenues. Expected long-term earnings growth is pegged at 14.6%, higher than the industry average of 12.4%. The company delivered an earnings surprise of 42.38%, on average, in the trailing four quarters. The consensus estimate has moved up 0.06% in the past 30 days. The company has an impressive VGM Score of A.
Assurant currently flaunts a Zacks Rank #1 (Strong Buy) and has a Value Score of A. Shares of AIZ have rallied 35.7% over the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Based in Milwaukee, WI, MGIC Investment is the parent company of Mortgage Guaranty Insurance Corporation, the largest private mortgage insurer in the United States. Higher insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals, and prudent capital deployment bode well for growth of this insurer.
MGIC Investment expects new businesses, combined with increasing annual persistency, to result in continued growth of the insurance-in-force portfolio. The multi-line insurer remains well-poised for growth, riding on a higher level of new and existing home sales, an increased percentage of homes purchased for cash, and an improved level of refinance activity. MGIC Investment, with a Zacks Rank #3 (Hold) at present, expects to retain higher levels of liquidity at the holding company.
By virtue of capital contribution and reinsurance transactions, the company has significantly improved its capital position. Its solid capital base is expected to increase the long-term value to shareholders while maintaining financial strength and flexibility.
MTG delivered an earnings surprise of 12.57%, on average, in the trailing four quarters. The Zacks Consensus Estimate for 2024 has moved 0.4% north in the past 30 days. The expected long-term earnings growth rate is pegged at 5%. MGIC Investment’s return on equity of 15.2% bettered the industry average of 13.2%.
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Headquartered in Emeryville, CA, NMI Holdings provides private mortgage insurance (MI). The mortgage insurer should continue to benefit from a strong mortgage origination market, robust growth in high-quality and short portfolios, and increased private mortgage insurance penetration rates. It currently carries a Zacks Rank #2 (Buy) and an impressive VGM Score of A.
NMIH continues to build on its position in the private MI market, expand its customer base and grow its insured portfolio of high-quality residential loans by focusing on long-term customer relationships, financial strength and profitability.
NMI Holdings has a comprehensive reinsurance program in place for nearly the entirety of its in-force portfolio. This, in turn, enhances its return profile, absorbs loss, provides efficient growth capital and mitigates the impacts of credit volatility.
The Zacks Consensus Estimate for NMIH’s 2024 earnings suggests 6.4% year-over-year growth on 7.1% higher revenues. The Zacks Consensus Estimate for 2024 has moved 0.2% north in the past seven days. The expected long-term earnings growth rate is pegged at 10.6%. NMIH’s return on equity of 18.1% bettered the industry average of 7.1%. Over the past year, the company’s shares have gained 42.8%.
Image Source: Zacks Investment Research
Philadelphia, PA-based Radian is a credit enhancement company that supports homebuyers, mortgage lenders, loan servicers and investors with a suite of private mortgage insurance, and related risk-management products and services. Improvements in quality and the size of mortgage insurance in force poise it well for growth. The multi-line insurer currently has a Zacks Rank #3.
Radian’s mortgage insurance portfolio will create a strong foundation for future earnings. RDN is focused on improving its mortgage insurance portfolio, the primary catalyst of long-term earnings growth.
Radian maintains a solid balance sheet, with sufficient liquidity and strong cash flows. A strong capital position helps the company deploy capital via share repurchases and dividend hikes that enhance shareholders’ value. Riding on continued financial strength and flexibility, Radian declared a 22.5% increase in its quarterly dividend in the first quarter of 2023. This is the fourth consecutive year wherein RDN has increased the quarterly dividend, with a total increase of 80% over the past three years. Its current dividend yield of 3.2% betters the industry average of 2.6%.
RDN’s earnings surpassed estimates in each of the last four quarters, the average surprise being 25.26%. Its expected long-term earnings growth rate is pegged at 5%. Shares of RDN have rallied 50.2% over the past year. The company’s return on equity of 15.6% bettered the industry average of 13.2%.
Image Source: Zacks Investment Research
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
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MGIC Investment Corporation (MTG) : Free Stock Analysis Report
Assurant, Inc. (AIZ) : Free Stock Analysis Report
Radian Group Inc. (RDN) : Free Stock Analysis Report
NMI Holdings Inc (NMIH) : 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 insurance industry has performed well so far this year, riding on better pricing, prudent underwriting standards, increased exposure, streamlined operations, a wider global presence and a solid capital position. Banking on strong fundamentals and benefiting from a favorable macro backdrop, Assurant, Inc. AIZ, MGIC Investment Corporation MTG, NMI Holdings Inc. NMIH and Radian Group Inc. RDN have not only outperformed the industry but have also crushed the Zacks S&P 500 composite, the insurance market and the Finance sector. Higher net investment income, after client profit sharing, favorable loss experience in select domestic ancillary products and expansion across distribution channels are expected to aid Global Automotive. | Banking on strong fundamentals and benefiting from a favorable macro backdrop, Assurant, Inc. AIZ, MGIC Investment Corporation MTG, NMI Holdings Inc. NMIH and Radian Group Inc. RDN have not only outperformed the industry but have also crushed the Zacks S&P 500 composite, the insurance market and the Finance sector. Total individual life insurance new annualized premium increased 4% to $3.7 billion year over year, per preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and estimates. Click to get this free report MGIC Investment Corporation (MTG) : Free Stock Analysis Report Assurant, Inc. (AIZ) : Free Stock Analysis Report Radian Group Inc. (RDN) : Free Stock Analysis Report NMI Holdings Inc (NMIH) : Free Stock Analysis Report To read this article on Zacks.com click here. | Total individual life insurance new annualized premium increased 4% to $3.7 billion year over year, per preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and estimates. The mortgage insurer should continue to benefit from a strong mortgage origination market, robust growth in high-quality and short portfolios, and increased private mortgage insurance penetration rates. Click to get this free report MGIC Investment Corporation (MTG) : Free Stock Analysis Report Assurant, Inc. (AIZ) : Free Stock Analysis Report Radian Group Inc. (RDN) : Free Stock Analysis Report NMI Holdings Inc (NMIH) : Free Stock Analysis Report To read this article on Zacks.com click here. | How Was 2023 for the Insurers? Expected long-term earnings growth is pegged at 14.6%, higher than the industry average of 12.4%. MGIC Investment, with a Zacks Rank #3 (Hold) at present, expects to retain higher levels of liquidity at the holding company. | 1d83c5f9-ecd8-4f61-9d1e-e85af542c99f |
710812.0 | 2023-12-16 00:00:00 UTC | 3 Gold Mining Stocks to Buy as Experts Expect Rally to Stretch Into 2024 | DCOMP | https://www.nasdaq.com/articles/3-gold-mining-stocks-to-buy-as-experts-expect-rally-to-stretch-into-2024 | nan | nan | Gold seems poised to wrap up 2023 on a solid note, with the current trading price around $2,023 an ounce. The yellow metal has exhibited resilience, registering an 11.5% increase since the beginning of the year, outpacing commodities, bonds and the majority of stock markets. Despite pitted against record-high interest rates, gold has thrived this year on safe-haven demand triggered by the banking crisis earlier in the year and the ongoing geopolitical instability. After experiencing declines in the preceding two years, 2023 marks a turnaround for gold, highlighting its appeal as a sought-after asset amid geopolitical and economic uncertainties.
Analysts anticipate the positive momentum to carry into 2024, with gold prices poised to reach new highs and potentially sustain levels above $2,000 per ounce. This optimistic outlook is attributed to heightened geopolitical uncertainty, a potentially weaker U.S. dollar and prospects of interest rate cuts. Central bank buying is also expected to provide additional support to gold.
For those considering investment opportunities, we recommend exploring stocks such as Alamos Gold AGI, Galiano Gold GAU and New Gold NGD.
Gold’s Run This Year
Gold's performance in 2023 has been marked by several notable fluctuations. Starting the year around $1,839 an ounce, gold experienced an upward trend, supported by a weak U.S. dollar and a drop in the U.S 10-year Treasury yield. However, the announcement of the first rate hike by the Federal Reserve on Feb 1 resulted in gold prices dropping to a low of $1,809 an ounce as the dollar and Treasury yields strengthened.
In March, amid the banking crisis triggered by the collapse of Silicon Valley Bank and Signature Bank in the United States, gold regained prominence, surpassing the $2,000-an-ounce mark.
As confidence gradually returned to the banking sector and further rate hikes occurred in May and July, the gains in gold prices moderated. By the end of the third quarter, following the Fed's decision on Sepr 20 to maintain interest rates between 5.25% and 5.5%, gold prices settled around $1,866 an ounce.
The fourth quarter saw a breakthrough for gold, spurred by the Oct 7 attacks by Hamas on Israel. The metal gained momentum due to the Israel-Hamas conflict, surpassing the $1,900 mark.
Gold peaked at an all-time record of $2,152 an ounce on Dec 4, supported by expectations of interest rate cuts. The metal has gained as the Federal Reserve held rates steady and signaled three rate cuts coming in 2024 and beyond.
To sum up, so far, gold prices have ranged from a low of $1,808 an ounce to a high of $2,152, averaging at $1,950.
Expectations for 2024
Analysts expect gold prices to be supported above the $2,000-per-ounce level in 2024, driven by expectations of a more accommodative monetary policy from the Federal Reserve. This sentiment has been amplified by slowdowns in inflation and a cooling job market. Lower interest rates could lead to a weaker U.S. dollar, making gold more attractive as an investment,
The analysts also foresee substantial support for gold prices in the coming year from robust central bank purchases. In the third quarter alone, central banks acquired 337 tons of gold, marking the third-highest quarterly total on record. The World Gold Council's 2023 survey indicates that 24% of central banks plan to increase their gold reserves over the next 12 months. The survey reveals a shift in central banks' sentiments, with a more optimistic view toward gold than the previous surveys, as 62% believe that gold will have a greater share of total reserves than 46% last year.
Against a backdrop of ongoing geopolitical instability and major global elections, including those in the United States, EU, India and Taiwan, analysts perceive that investors’ need for portfolio hedges will likely be higher than normal.
Additionally, the demand for gold in 2024 is expected to be underpinned by growing interest in jewelry and technology. Demand for physical gold is seasonally higher starting in the later part of the year, aided by the festival and wedding season in India, followed by the Chinese Lunar Year and Valentine's Day. Demand in India has been strong on improving economic momentum and consumer confidence.
India and China, which roughly account for 50% of consumer gold demand, will continue to sustain the demand. The use of gold across energy, healthcare and technology is on the rise. Therefore, there will be an eventual demand-supply imbalance that is likely to drive gold prices, in turn, aiding the industry.
3 Gold Stocks to Buy
We have handpicked three gold-mining stocks, which currently have a Zacks Rank #2 (Buy) and a solid growth potential. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The chart below shows the price performances of these three stocks in the past year. These stocks have not only outperformed the industry, but have also outperformed the Basic Materials sector and the S&P 500.
Image Source: Zacks Investment Research
Alamos Gold: The company produced 399,800 ounces of gold in the nine months ended Sep 30, 2023, which puts it on track to deliver record production numbers in 2023. AGI’s efforts to lower costs will help in providing improved margins over the next several years, thereby supporting a strong free cash flow. The company continues to advance on its growth initiatives, including the Phase 3+ Expansion at Island Gold and the Lynn Lake and PDA projects.
In August, it reported the results of an updated Feasibility Study for the Lynn Lake project, which suggests higher average annual gold production of 207,000 ounces over the first five years and 176,000 ounces over the initial ten years — a 23% increase from the 2017 study. In May 2023, the company completed the previously announced acquisition of Manitou Gold Inc. Through this deal, AGI more than tripled its land package around the Island Gold Mine and added significant exploration potential in a relatively underexplored segment of the Michipicoten Greenstone Belt.
The Zacks Consensus Estimate for the Toronto, Canada-based company’s 2023 earnings has moved up 2% over the past 60 days. Earnings estimates indicate an 89% year-over-year increase. AGI has a long-term earnings growth rate of 21.8%. It has a trailing four-quarter earnings surprise of 25.6%, on average.
New Gold: The company delivered third-quarter 2023 consolidated gold-equivalent production of 111,204 ounces — the highest quarterly production since 2021. The company is currently tracking to meet the top end of consolidated production guidance for production and all-in-sustaining costs are tracking to the low end of the guided range. The Rainy River mine continues to deliver per plan, with a continued focus on operational discipline, and cost-control and cost-saving initiatives. The New Afton mine has delivered ahead of plans, as mining from B3 continues to perform above expectations.
NGD has been advancing with development plans for both assets. Rainy River continues to advance the connection ramp to the underground Main Zone from Intrepid. The company is currently evaluating the opportunity to extend C-Zone with minimal capital investment, which would extend New Afton's mine life, and C-Zone's profile of low operating costs and strong cash flow. The company also reported encouraging drill results and exploration plans for the K-Zone and AI-Southeast gold-copper zones. Continued focus on operational discipline and investment in growth projects will aid growth.
The Zacks Consensus Estimate for the Toronto, Canada-based company’s 2024 earnings has been unchanged over the past 60 days. The consensus mark of 6 cents per share indicates a turnaround performance from the loss of 4 cents reported in 2022. The company has a trailing four-quarter earnings surprise of 66.7%, on average.
Galiano Gold: The company’s year-to-date gold production is at 102,130 ounces. It expects full-year gold production to come in at the top end of 120,000-130,000 ounces. The Asanko Gold Mine continues to generate significant cash flows through stockpile processing, which has further strengthened its balance sheet. The Abore pit is on track to deliver higher-grade ore to the processing plant by the second quarter of 2024. The company has initiated drilling programs at Abore to convert inferred mineral resources to the indicated mineral resource category. It has completed the first phase of infill drilling of inferred mineral resources at Midras South, with the deposit advancing towards a maiden mineral reserve estimate.At Nkran, GAU has completed a phase 1 mineral resource upgrade and mineral reserve conversion drilling. The company intends to pursue accretive opportunities for growth. It plans to make the Asanko Gold Mine significant in Ghana, and double its annual gold production to 250,000 ounces in 2025.
Headquartered in Vancouver, Canada, Galiano Gold has an expected earnings growth of 500% for the current year. The Zacks Consensus Estimate for the company’s fiscal 2023 earnings has moved up 12.5% over the past 60 days.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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
New Gold Inc. (NGD) : Free Stock Analysis Report
Alamos Gold Inc. (AGI) : Free Stock Analysis Report
Galiano Gold Inc. (GAU) : 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. | However, the announcement of the first rate hike by the Federal Reserve on Feb 1 resulted in gold prices dropping to a low of $1,809 an ounce as the dollar and Treasury yields strengthened. Against a backdrop of ongoing geopolitical instability and major global elections, including those in the United States, EU, India and Taiwan, analysts perceive that investors’ need for portfolio hedges will likely be higher than normal. Through this deal, AGI more than tripled its land package around the Island Gold Mine and added significant exploration potential in a relatively underexplored segment of the Michipicoten Greenstone Belt. | For those considering investment opportunities, we recommend exploring stocks such as Alamos Gold AGI, Galiano Gold GAU and New Gold NGD. The company is currently evaluating the opportunity to extend C-Zone with minimal capital investment, which would extend New Afton's mine life, and C-Zone's profile of low operating costs and strong cash flow. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Galiano Gold Inc. (GAU) : Free Stock Analysis Report To read this article on Zacks.com click here. | For those considering investment opportunities, we recommend exploring stocks such as Alamos Gold AGI, Galiano Gold GAU and New Gold NGD. Image Source: Zacks Investment Research Alamos Gold: The company produced 399,800 ounces of gold in the nine months ended Sep 30, 2023, which puts it on track to deliver record production numbers in 2023. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Galiano Gold Inc. (GAU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Central bank buying is also expected to provide additional support to gold. In the third quarter alone, central banks acquired 337 tons of gold, marking the third-highest quarterly total on record. Earnings estimates indicate an 89% year-over-year increase. | 034f0075-f05f-471e-b06d-8226eaaf6924 |
710813.0 | 2023-12-16 00:00:00 UTC | Investing in AI in 2024 May Not Mean Doing the Obvious | DCOMP | https://www.nasdaq.com/articles/investing-in-ai-in-2024-may-not-mean-doing-the-obvious | nan | nan | L
ooking back, 2023 has been the year of AI. The subject has certainly received a lot of attention from analysts and the financial media, and even from mainstream news outlets. I can’t find reliable data on the subject yet, but I don’t think many would disagree with me when I say that it certainly feels like AI has come second only to the Fed in terms of the number of times it has been talked about and the influence it is believed to have had on the markets. It has been the buzzword of the year in business circles, at least.
The thing is, though, its real impact on individual stocks has been limited. So far, the biggest beneficiaries have been Nvidia (NVDA) and Microsoft (MSFT), mainly because they are just about the only publicly traded companies that have been able to monetize the technology effectively. Nvidia supplies the chips needed to develop AI capability, and Microsoft, through their association with OpenAI, a user-friendly end product, the much-talked about ChatGPT. In 2024, though, that two-company dominance will probably change.
Many other firms, from big boys like Alphabet (GOOG, GOOGL), Meta (META), and Amazon (AMZN) to a whole host of not yet publicly traded startups and growth companies have developed platforms and products that use generative AI. That makes it likely that, as Goldman Sachs (GS) said in a recent research piece, “AI (is) poised to begin shifting from ‘excitement’ to ‘deployment’ in 2024.” That will no doubt create opportunities in the obvious places, like chip suppliers and software companies, but picking stocks in those areas is fraught with danger given the early adopter advantages that are already accruing to MSFT and NVDA. Someone will probably have emerged as a major rival to those two by this time next year, but at this point it is anyone’s guess who that might turn out to be.
However, if 2024 is the “year of deployment,” and should AI technology come anywhere close to fulfilling its potential, there will be an impact that will benefit every investor: improved productivity.
In another Goldman article on the subject, the bank estimates that AI could raise global GDP by 7%. That boost will come not from more workers, but from increased productivity, and that is important for all investors because it gives a way out of what might be untenable stock prices and valuations going into 2024.
It could be argued, of course, that valuations really aren’t that excessive. The S&P 500 is currently trading at a trailing P/E of 26.12, which is above the long-term average of 23.73, but not worryingly higher. These, however, are not normal circumstances. Inflation, while moderating from the highs, is still running at around double the Fed’s stated target rate, and they have repeatedly said that they will continue to prioritize the fight against higher prices next year. The market, even so, has spent Q4 betting on lower interest rates in the spring.
For it to happen, though, inflation will have to fall quickly, bringing the danger that in pursuit of that the Fed either overdoes it or already has squeezed too hard, in which case we will see a recession in early 2024. There is, however, a way in which inflation could fall without the kind of GDP contraction that would cause that. The best, most sustainable way to beat inflation is with increased productivity. Greater output per work hour increases profits for corporations, reducing the need for price hikes.
In addition, more productive workers typically get paid more, stimulating growth. All of that creates a situation where inflation falls, but in an environment of quite strong economic expansion: the so-called Goldilocks scenario. If we see that early next year, stocks actually look reasonable, maybe even cheap, at current levels.
So rather than looking for individual companies that will benefit from the deployment of AI, investors should look for sectors and industries that will derive the biggest advantages from increased productivity. That brings in some areas of the economy that are far from obvious beneficiaries from the AI revolution. Healthcare providers, for example, where generative AI can make for faster, more accurate diagnosis and treatment selection. Even industrials, usually seen as a sector that is negatively correlated with technology, can become more efficient with effective analysis of processes and logistics.
After a lot of attention on AI this year that, quite frankly, has often been more hype and bluster than anything, 2024 is shaping up to be the year when the impact of the technology will be felt beyond NVDA and MSFT. Those two stocks will no doubt do well and owning them is certainly a good idea, but if the impact generative AI spreads as expected next year, there will be plenty of opportunities elsewhere and investors should look beyond the obvious to maximize returns.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | I can’t find reliable data on the subject yet, but I don’t think many would disagree with me when I say that it certainly feels like AI has come second only to the Fed in terms of the number of times it has been talked about and the influence it is believed to have had on the markets. That makes it likely that, as Goldman Sachs (GS) said in a recent research piece, “AI (is) poised to begin shifting from ‘excitement’ to ‘deployment’ in 2024.” That will no doubt create opportunities in the obvious places, like chip suppliers and software companies, but picking stocks in those areas is fraught with danger given the early adopter advantages that are already accruing to MSFT and NVDA. Those two stocks will no doubt do well and owning them is certainly a good idea, but if the impact generative AI spreads as expected next year, there will be plenty of opportunities elsewhere and investors should look beyond the obvious to maximize returns. | So far, the biggest beneficiaries have been Nvidia (NVDA) and Microsoft (MSFT), mainly because they are just about the only publicly traded companies that have been able to monetize the technology effectively. Many other firms, from big boys like Alphabet (GOOG, GOOGL), Meta (META), and Amazon (AMZN) to a whole host of not yet publicly traded startups and growth companies have developed platforms and products that use generative AI. That makes it likely that, as Goldman Sachs (GS) said in a recent research piece, “AI (is) poised to begin shifting from ‘excitement’ to ‘deployment’ in 2024.” That will no doubt create opportunities in the obvious places, like chip suppliers and software companies, but picking stocks in those areas is fraught with danger given the early adopter advantages that are already accruing to MSFT and NVDA. | That makes it likely that, as Goldman Sachs (GS) said in a recent research piece, “AI (is) poised to begin shifting from ‘excitement’ to ‘deployment’ in 2024.” That will no doubt create opportunities in the obvious places, like chip suppliers and software companies, but picking stocks in those areas is fraught with danger given the early adopter advantages that are already accruing to MSFT and NVDA. However, if 2024 is the “year of deployment,” and should AI technology come anywhere close to fulfilling its potential, there will be an impact that will benefit every investor: improved productivity. After a lot of attention on AI this year that, quite frankly, has often been more hype and bluster than anything, 2024 is shaping up to be the year when the impact of the technology will be felt beyond NVDA and MSFT. | So far, the biggest beneficiaries have been Nvidia (NVDA) and Microsoft (MSFT), mainly because they are just about the only publicly traded companies that have been able to monetize the technology effectively. That boost will come not from more workers, but from increased productivity, and that is important for all investors because it gives a way out of what might be untenable stock prices and valuations going into 2024. There is, however, a way in which inflation could fall without the kind of GDP contraction that would cause that. | 71a41a9a-de5f-4d49-9538-ff1462ddd7e8 |
710814.0 | 2023-12-16 00:00:00 UTC | Should You Buy Korn/Ferry (KFY) After Golden Cross? | DCOMP | https://www.nasdaq.com/articles/should-you-buy-korn-ferry-kfy-after-golden-cross | nan | nan | Korn/Ferry International (KFY) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, KFY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."
Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
A successful golden cross event has three stages. It first begins when a stock's price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
Shares of KFY have been moving higher over the past four weeks, up 12.9%. Plus, the company is currently a #2 (Buy) on the Zacks Rank, suggesting that KFY could be poised for a breakout.
Once investors consider KFY's positive earnings outlook for the current quarter, the bullish case only solidifies. No earnings estimate has gone lower in the past two months compared to 2 revisions higher, and the Zacks Consensus Estimate has increased as well.
Investors should think about putting KFY on their watchlist given the ultra-important technical indicator and positive move in earnings estimates.
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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Korn/Ferry International (KFY) : 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. | Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | Recently, KFY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Click to get this free report Korn/Ferry International (KFY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Recently, KFY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Click to get this free report Korn/Ferry International (KFY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Plus, the company is currently a #2 (Buy) on the Zacks Rank, suggesting that KFY could be poised for a breakout. Investors should think about putting KFY on their watchlist given the ultra-important technical indicator and positive move in earnings estimates. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 5338348e-6b88-4ff0-af3b-aae46790465c |
710815.0 | 2023-12-16 00:00:00 UTC | After Golden Cross, RMR Group (RMR)'s Technical Outlook is Bright | DCOMP | https://www.nasdaq.com/articles/after-golden-cross-rmr-group-rmrs-technical-outlook-is-bright | nan | nan | The RMR Group Inc. (RMR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, RMR's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."
Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.
A successful golden cross event has three stages. It first begins when a stock's price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
Shares of RMR have been moving higher over the past four weeks, up 12.4%. Plus, the company is currently a #3 (Hold) on the Zacks Rank, suggesting that RMR could be poised for a breakout.
Once investors consider RMR's positive earnings outlook for the current quarter, the bullish case only solidifies. No earnings estimate has gone lower in the past two months compared to 1 revisions higher, and the Zacks Consensus Estimate has increased as well.
Investors should think about putting RMR on their watchlist given the ultra-important technical indicator and positive move in earnings estimates.
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 RMR Group Inc. (RMR) : 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. | Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | Recently, RMR's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Click to get this free report The RMR Group Inc. (RMR) : Free Stock Analysis Report To read this article on Zacks.com click here. | Recently, RMR's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. Click to get this free report The RMR Group Inc. (RMR) : Free Stock Analysis Report To read this article on Zacks.com click here. | Recently, RMR's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Investors should think about putting RMR on their watchlist given the ultra-important technical indicator and positive move in earnings estimates. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | ee805a76-8672-4611-b3e3-ea4d8d314671 |
710816.0 | 2023-12-16 00:00:00 UTC | Cerevel Therapeutics Holdings, Inc. (CERE)'s Technical Outlook is Bright After Key Golden Cross | DCOMP | https://www.nasdaq.com/articles/cerevel-therapeutics-holdings-inc.-ceres-technical-outlook-is-bright-after-key-golden | nan | nan | From a technical perspective, Cerevel Therapeutics Holdings, Inc. (CERE) is looking like an interesting pick, as it just reached a key level of support. CERE's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
A golden cross is the opposite of a death cross, another technical event that indicates bearish price movement may be on the horizon.
Over the past four weeks, CERE has gained 69%. The company currently sits at a #3 (Hold) on the Zacks Rank, also indicating that the stock could be poised for a breakout.
The bullish case solidifies once investors consider CERE's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 8 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.
Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on CERE for more gains in the near future.
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
Cerevel Therapeutics Holdings, Inc. (CERE) : 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. | From a technical perspective, Cerevel Therapeutics Holdings, Inc. (CERE) is looking like an interesting pick, as it just reached a key level of support. There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts. | CERE's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Cerevel Therapeutics Holdings, Inc. (CERE) : Free Stock Analysis Report To read this article on Zacks.com click here. | CERE's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. Click to get this free report Cerevel Therapeutics Holdings, Inc. (CERE) : Free Stock Analysis Report To read this article on Zacks.com click here. | Golden crosses have three key stages that investors look out for. Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on CERE for more gains in the near future. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 1ba12979-5f6f-4347-bf1c-ede6254a3255 |
710817.0 | 2023-12-16 00:00:00 UTC | Wall Street Analysts See a 55.94% Upside in Baidu Inc. (BIDU): Can the Stock Really Move This High? | DCOMP | https://www.nasdaq.com/articles/wall-street-analysts-see-a-55.94-upside-in-baidu-inc.-bidu%3A-can-the-stock-really-move-this | nan | nan | Baidu Inc. (BIDU) closed the last trading session at $112.26, gaining 0.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $175.06 indicates a 55.9% upside potential.
The mean estimate comprises 16 short-term price targets with a standard deviation of $27.91. While the lowest estimate of $138 indicates a 22.9% increase from the current price level, the most optimistic analyst expects the stock to surge 91.5% to reach $215. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
But, for BIDU, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why BIDU Could Witness a Solid Upside
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 11.3% over the past month, as two estimates have gone higher compared to no negative revision.
Moreover, BIDU currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much BIDU could gain, the direction of price movement it implies does appear to be a good guide.
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
Baidu, Inc. (BIDU) : 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. | Baidu Inc. (BIDU) closed the last trading session at $112.26, gaining 0.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces. | And investors making investment decisions solely based on this tool would arguably do themselves a disservice. That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. | Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much BIDU could gain, the direction of price movement it implies does appear to be a good guide. | The mean price target of $175.06 indicates a 55.9% upside potential. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much BIDU could gain, the direction of price movement it implies does appear to be a good guide. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | a8f2e9a0-6088-45a3-b686-ca829dc3ddd1 |
710818.0 | 2023-12-16 00:00:00 UTC | How Much Upside is Left in 908 Devices Inc. (MASS)? Wall Street Analysts Think 100.39% | DCOMP | https://www.nasdaq.com/articles/how-much-upside-is-left-in-908-devices-inc.-mass-wall-street-analysts-think-100.39 | nan | nan | 908 Devices Inc. (MASS) closed the last trading session at $7.65, gaining 14.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $15.33 indicates a 100.4% upside potential.
The average comprises three short-term price targets ranging from a low of $14 to a high of $17, with a standard deviation of $1.53. While the lowest estimate indicates an increase of 83% from the current price level, the most optimistic estimate points to a 122.2% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in MASS. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why MASS Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 2.7% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, MASS currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much MASS could gain, the direction of price movement it implies does appear to be a good guide.
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
908 Devices Inc. (MASS) : 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. | 908 Devices Inc. (MASS) closed the last trading session at $7.65, gaining 14.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces. | That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much MASS could gain, the direction of price movement it implies does appear to be a good guide. | Here's What You Should Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much MASS could gain, the direction of price movement it implies does appear to be a good guide. | The mean price target of $15.33 indicates a 100.4% upside potential. However, an impressive consensus price target is not the only factor that indicates a potential upside in MASS. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 0716438e-aad9-4bb5-a9ae-250926a89d0a |
710819.0 | 2023-12-16 00:00:00 UTC | Bears are Losing Control Over NetEase (NTES), Here's Why It's a 'Buy' Now | DCOMP | https://www.nasdaq.com/articles/bears-are-losing-control-over-netease-ntes-heres-why-its-a-buy-now | nan | nan | The price trend for NetEase (NTES) has been bearish lately and the stock has lost 13.1% over the past four weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this internet technology company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
Understanding Hammer Chart and the Technique to Trade It
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Makes the Trend Reversal More Likely for NTES
There has been an upward trend in earnings estimate revisions for NTES lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.
The consensus EPS estimate for the current year has increased 1.9% over the last 30 days. This means that the Wall Street analysts covering NTES are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.
If this is not enough, you should note that NTES currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. So, for the shares of NetEase, a Zacks Rank of 1 is a more conclusive fundamental indication of a potential turnaround.
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
NetEase, Inc. (NTES) : 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. | However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this internet technology company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price. | A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Moreover, the Zacks Rank has proven to be an excellent timing indicator, helping investors identify precisely when a company's prospects are beginning to improve. Click to get this free report NetEase, Inc. (NTES) : Free Stock Analysis Report To read this article on Zacks.com click here. | However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this internet technology company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock. If this is not enough, you should note that NTES currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. | Here's What Makes the Trend Reversal More Likely for NTES There has been an upward trend in earnings estimate revisions for NTES lately, which can certainly be considered a bullish indicator on the fundamental side. If this is not enough, you should note that NTES currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 6d3b6268-79b2-4255-bc49-69fa815d9502 |
710820.0 | 2023-12-16 00:00:00 UTC | Nvidia Is Investing in Biotech Like Wild. Here's What It Means for the Stock. | DCOMP | https://www.nasdaq.com/articles/nvidia-is-investing-in-biotech-like-wild.-heres-what-it-means-for-the-stock. | nan | nan | Nvidia (NASDAQ: NVDA) is on a shopping spree in the biotech industry. While it has no intention of developing medicines or pharmaceutical technologies for the laboratory, its strategy clearly calls for getting some exposure to the sector, and when it makes a move, others tend to follow.
But how could making investments in an area so far outside of its traditional wheelhouse end up supporting shareholder value in the future rather than destroying it? Let's dive in and examine why it's staking out its biotech claims.
A certain kind of biotech is getting all of the attention
Nvidia isn't cutting deals and making investments in just any old biotech. Its quarries are biotechs using artificial intelligence (AI) as part of their drug discovery and development process. In July, the chipmaker made a $50 million equity investment in Recursion Pharmaceuticals, a biotech dedicated to developing medicines more efficiently using its AI platform.
But that's just one out of an ever-growing handful of investments it's making in the space. In 2023 alone, it invested in at least six different AI-enabled biotechs in the U.S. and the U.K. It's also pursuing a collaboration in drug development using AI with Genentech, a subsidiary of Roche.
While the sizes of its investments are often not disclosed, one thing's for sure. With more than $18 billion in cash, equivalents, and short-term investments on hand, Nvidia has an abundance of funds available to allocate to potential drivers for its long-term growth.
At first glance, biotech seems like it's an odd fit for Nvidia's traditional business model of developing and selling new chips and computing services. But in the broader context of being in the early days of the ongoing AI revolution, these plays make a lot more sense.
It's currently developing a service it calls BioNeMo, which it markets as an AI platform for accelerating drug discovery. Both Recursion Pharmaceuticals and Schrodinger, which are already popular AI-driven drug discovery biotechs in their own right, are paid collaborators contributing to the service's capabilities.
Eventually, BioNeMo could be the go-to tool for biopharmas at the very start of the drug discovery process. And that would open the door to charging them subscription fees or perhaps even a small cut of the royalties from any of the medicines commercialized with the help of the system.
These investments will take quite a while to pay off
Nvidia is currently working to develop a suite of services that would make it into an AI foundry of sorts, wherein all types of businesses rely on it to help them build AI systems that are adapted to their specific needs. But today, despite its run of investments in biotech, its revenue from all healthcare sources combined is marginal and well beneath $1 billion annually.
That makes it insignificant in comparison to the $18 billion it brought in during the third quarter of its 2024 fiscal year, the most recent quarter. The segment isn't even mentioned consistently in its earnings materials or investor presentations -- at least for now.
At the moment, Nvidia is clearly positioning itself to gain from any breakthroughs or progress made in the field of AI for drug discovery by incorporating elements from the most promising players into its own AI platform via its investments. It can likely realize some value from its committed cash if it can onboard more customers to its drug development platform.
But getting new customers will be a lot easier a few years down the line, when the biotechs contributing to its platform today will be approaching the commercialization of the medicines they made with the help of AI, not to mention Nvidia. If regulators grant those biotechs permission to sell their drugs, it'll be possible to do a retrospective analysis regarding the utility that AI provided along the way.
Once there are clear examples of success in using AI to make the drug development process faster, more reliable, and cheaper, companies will flock to use its tools for their own benefit, and that could drive some more significant revenue growth.
Will Nvidia's revenue from biopharma services ever approach the tens of billions that it makes from its other segments? Probably not. Still, it's very probable that at least a few of the bets it made recently will have huge returns that'll grow the value of the business.
Diversifying into a new area will also provide a bit of downside protection in case its other segments struggle. And for a headline-driven stock like Nvidia's, it's always beneficial to get another injection of good news to build the hype up even further.
So keep your eyes out for news of more biopharma investment activity -- it won't make much of a difference today, but in the long run, it's a bullish driver for Nvidia stock.
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Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Roche Ag. 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. | But getting new customers will be a lot easier a few years down the line, when the biotechs contributing to its platform today will be approaching the commercialization of the medicines they made with the help of AI, not to mention Nvidia. Once there are clear examples of success in using AI to make the drug development process faster, more reliable, and cheaper, companies will flock to use its tools for their own benefit, and that could drive some more significant revenue growth. So keep your eyes out for news of more biopharma investment activity -- it won't make much of a difference today, but in the long run, it's a bullish driver for Nvidia stock. | But getting new customers will be a lot easier a few years down the line, when the biotechs contributing to its platform today will be approaching the commercialization of the medicines they made with the help of AI, not to mention Nvidia. Before you buy stock in Nvidia, 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 Nvidia 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. | These investments will take quite a while to pay off Nvidia is currently working to develop a suite of services that would make it into an AI foundry of sorts, wherein all types of businesses rely on it to help them build AI systems that are adapted to their specific needs. At the moment, Nvidia is clearly positioning itself to gain from any breakthroughs or progress made in the field of AI for drug discovery by incorporating elements from the most promising players into its own AI platform via its investments. Before you buy stock in Nvidia, 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 Nvidia wasn't one of them. | But getting new customers will be a lot easier a few years down the line, when the biotechs contributing to its platform today will be approaching the commercialization of the medicines they made with the help of AI, not to mention Nvidia. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, 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 Nvidia wasn't one of them. | 70507e51-9c59-4c4b-aced-811020b381ea |
710821.0 | 2023-12-16 00:00:00 UTC | Is Atmos Energy (ATO) Stock Outpacing Its Utilities Peers This Year? | DCOMP | https://www.nasdaq.com/articles/is-atmos-energy-ato-stock-outpacing-its-utilities-peers-this-year-4 | nan | nan | The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Atmos Energy (ATO) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Atmos Energy is a member of the Utilities sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Atmos Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ATO's full-year earnings has moved 1.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ATO has moved about 2% on a year-to-date basis. Meanwhile, stocks in the Utilities group have lost about 3.4% on average. As we can see, Atmos Energy is performing better than its sector in the calendar year.
Another Utilities stock, which has outperformed the sector so far this year, is Cemig (CIG). The stock has returned 12.8% year-to-date.
In Cemig's case, the consensus EPS estimate for the current year increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Atmos Energy belongs to the Utility - Gas Distribution industry, a group that includes 13 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have lost about 2.7% so far this year, so ATO is performing better this group in terms of year-to-date returns.
In contrast, Cemig falls under the Utility - Electric Power industry. Currently, this industry has 57 stocks and is ranked #59. Since the beginning of the year, the industry has moved -6%.
Investors interested in the Utilities sector may want to keep a close eye on Atmos Energy and Cemig as they attempt to continue their solid performance.
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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Atmos Energy Corporation (ATO) : Free Stock Analysis Report
Comp En De Mn Cemig ADS (CIG) : 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. | Investors interested in the Utilities sector may want to keep a close eye on Atmos Energy and Cemig as they attempt to continue their solid performance. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Atmos Energy Corporation (ATO) : Free Stock Analysis Report Comp En De Mn Cemig ADS (CIG) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Looking more specifically, Atmos Energy belongs to the Utility - Gas Distribution industry, a group that includes 13 individual stocks and currently sits at #92 in the Zacks Industry Rank. Click to get this free report Atmos Energy Corporation (ATO) : Free Stock Analysis Report Comp En De Mn Cemig ADS (CIG) : Free Stock Analysis Report To read this article on Zacks.com click here. | Has Atmos Energy (ATO) been one of those stocks this year? Currently, this industry has 57 stocks and is ranked #59. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | af296a94-07df-4d66-a9dd-d4913a34a459 |
710822.0 | 2023-12-16 00:00:00 UTC | Are Computer and Technology Stocks Lagging Photronics (PLAB) This Year? | DCOMP | https://www.nasdaq.com/articles/are-computer-and-technology-stocks-lagging-photronics-plab-this-year | nan | nan | The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Photronics (PLAB) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Photronics is a member of the Computer and Technology sector. This group includes 623 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Photronics is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PLAB's full-year earnings has moved 15.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, PLAB has moved about 73% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 50% on average. As we can see, Photronics is performing better than its sector in the calendar year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Guidewire Software (GWRE). The stock has returned 65.4% year-to-date.
In Guidewire Software's case, the consensus EPS estimate for the current year increased 8.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Photronics belongs to the Semiconductor Equipment - Photomasks industry, a group that includes 2 individual stocks and currently sits at #3 in the Zacks Industry Rank. Stocks in this group have gained about 72.9% so far this year, so PLAB is performing better this group in terms of year-to-date returns.
In contrast, Guidewire Software falls under the Business - Software Services industry. Currently, this industry has 8 stocks and is ranked #39. Since the beginning of the year, the industry has moved +27.3%.
Investors interested in the Computer and Technology sector may want to keep a close eye on Photronics and Guidewire Software as they attempt to continue their solid performance.
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
Photronics, Inc. (PLAB) : Free Stock Analysis Report
Guidewire Software, Inc. (GWRE) : 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. | A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. Investors interested in the Computer and Technology sector may want to keep a close eye on Photronics and Guidewire Software as they attempt to continue their solid performance. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Photronics, Inc. (PLAB) : Free Stock Analysis Report Guidewire Software, Inc. (GWRE) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Looking more specifically, Photronics belongs to the Semiconductor Equipment - Photomasks industry, a group that includes 2 individual stocks and currently sits at #3 in the Zacks Industry Rank. Click to get this free report Photronics, Inc. (PLAB) : Free Stock Analysis Report Guidewire Software, Inc. (GWRE) : Free Stock Analysis Report To read this article on Zacks.com click here. | Another Computer and Technology stock, which has outperformed the sector so far this year, is Guidewire Software (GWRE). Currently, this industry has 8 stocks and is ranked #39. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 1a7ed1b4-7ae3-465b-a73b-0b45227510f4 |
710823.0 | 2023-12-16 00:00:00 UTC | Is Alpine Immune Sciences (ALPN) Stock Outpacing Its Medical Peers This Year? | DCOMP | https://www.nasdaq.com/articles/is-alpine-immune-sciences-alpn-stock-outpacing-its-medical-peers-this-year | nan | nan | The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Alpine Immune Sciences, Inc. (ALPN) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question.
Alpine Immune Sciences, Inc. is a member of the Medical sector. This group includes 1087 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Alpine Immune Sciences, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ALPN's full-year earnings has moved 6.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ALPN has returned about 157.4% since the start of the calendar year. At the same time, Medical stocks have lost an average of 4.1%. This means that Alpine Immune Sciences, Inc. is outperforming the sector as a whole this year.
One other Medical stock that has outperformed the sector so far this year is Corbus Pharmaceuticals (CRBP). The stock is up 68.6% year-to-date.
For Corbus Pharmaceuticals, the consensus EPS estimate for the current year has increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Alpine Immune Sciences, Inc. is a member of the Medical - Drugs industry, which includes 194 individual companies and currently sits at #76 in the Zacks Industry Rank. Stocks in this group have lost about 2.2% so far this year, so ALPN is performing better this group in terms of year-to-date returns. Corbus Pharmaceuticals is also part of the same industry.
Going forward, investors interested in Medical stocks should continue to pay close attention to Alpine Immune Sciences, Inc. and Corbus Pharmaceuticals as they could maintain their solid performance.
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
Alpine Immune Sciences, Inc. (ALPN) : Free Stock Analysis Report
Corbus Pharmaceuticals Holdings, Inc. (CRBP) : 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. | Going forward, investors interested in Medical stocks should continue to pay close attention to Alpine Immune Sciences, Inc. and Corbus Pharmaceuticals as they could maintain their solid performance. 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 group includes 1087 individual stocks and currently holds a Zacks Sector Rank of #2. Breaking things down more, Alpine Immune Sciences, Inc. is a member of the Medical - Drugs industry, which includes 194 individual companies and currently sits at #76 in the Zacks Industry Rank. Click to get this free report Alpine Immune Sciences, Inc. (ALPN) : Free Stock Analysis Report Corbus Pharmaceuticals Holdings, Inc. (CRBP) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Breaking things down more, Alpine Immune Sciences, Inc. is a member of the Medical - Drugs industry, which includes 194 individual companies and currently sits at #76 in the Zacks Industry Rank. Click to get this free report Alpine Immune Sciences, Inc. (ALPN) : Free Stock Analysis Report Corbus Pharmaceuticals Holdings, Inc. (CRBP) : Free Stock Analysis Report To read this article on Zacks.com click here. | One other Medical stock that has outperformed the sector so far this year is Corbus Pharmaceuticals (CRBP). Stocks in this group have lost about 2.2% so far this year, so ALPN is performing better this group in terms of year-to-date returns. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | aa50d2f8-0c79-4835-a05f-99e6733e2197 |
710824.0 | 2023-12-16 00:00:00 UTC | Has Beacon Roofing Supply (BECN) Outpaced Other Retail-Wholesale Stocks This Year? | DCOMP | https://www.nasdaq.com/articles/has-beacon-roofing-supply-becn-outpaced-other-retail-wholesale-stocks-this-year | nan | nan | The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Beacon Roofing Supply (BECN) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Beacon Roofing Supply is a member of the Retail-Wholesale sector. This group includes 221 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Beacon Roofing Supply is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BECN's full-year earnings has moved 10.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, BECN has moved about 60.2% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 24.9% on average. As we can see, Beacon Roofing Supply is performing better than its sector in the calendar year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Solo Brands, Inc. (DTC). The stock has returned 47% year-to-date.
In Solo Brands, Inc.'s case, the consensus EPS estimate for the current year increased 22.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Beacon Roofing Supply belongs to the Building Products - Retail industry, a group that includes 8 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 19.6% so far this year, so BECN is performing better this group in terms of year-to-date returns.
In contrast, Solo Brands, Inc. falls under the Internet - Commerce industry. Currently, this industry has 42 stocks and is ranked #32. Since the beginning of the year, the industry has moved +50.7%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on Beacon Roofing Supply and Solo Brands, Inc. as they attempt to continue their solid performance.
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
Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
Solo Brands, Inc. (DTC) : 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. | Investors interested in the Retail-Wholesale sector may want to keep a close eye on Beacon Roofing Supply and Solo Brands, Inc. as they attempt to continue their solid performance. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Solo Brands, Inc. (DTC) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Looking more specifically, Beacon Roofing Supply belongs to the Building Products - Retail industry, a group that includes 8 individual stocks and currently sits at #92 in the Zacks Industry Rank. Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Solo Brands, Inc. (DTC) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Solo Brands, Inc. (DTC). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 503af998-99a6-414a-8141-8484a6612006 |
710825.0 | 2023-12-16 00:00:00 UTC | Are Business Services Stocks Lagging Nu (NU) This Year? | DCOMP | https://www.nasdaq.com/articles/are-business-services-stocks-lagging-nu-nu-this-year | nan | nan | For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Nu Holdings Ltd. (NU) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Nu Holdings Ltd. is a member of the Business Services sector. This group includes 318 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nu Holdings Ltd. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NU's full-year earnings has moved 3.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, NU has moved about 104.7% on a year-to-date basis. Meanwhile, the Business Services sector has returned an average of 21.1% on a year-to-date basis. As we can see, Nu Holdings Ltd. is performing better than its sector in the calendar year.
Another stock in the Business Services sector, Direct Digital Holdings, Inc. (DRCT), has outperformed the sector so far this year. The stock's year-to-date return is 277.3%.
In Direct Digital Holdings, Inc.'s case, the consensus EPS estimate for the current year increased 525% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Nu Holdings Ltd. belongs to the Technology Services industry, a group that includes 176 individual companies and currently sits at #76 in the Zacks Industry Rank. On average, this group has gained an average of 49% so far this year, meaning that NU is performing better in terms of year-to-date returns.
On the other hand, Direct Digital Holdings, Inc. belongs to the Advertising and Marketing industry. This 15-stock industry is currently ranked #92. The industry has moved +2% year to date.
Going forward, investors interested in Business Services stocks should continue to pay close attention to Nu Holdings Ltd. and Direct Digital Holdings, Inc. as they could maintain their solid performance.
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
Nu Holdings Ltd. (NU) : Free Stock Analysis Report
Direct Digital Holdings, Inc. (DRCT) : 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. | A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question. 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 group includes 318 individual stocks and currently holds a Zacks Sector Rank of #6. Another stock in the Business Services sector, Direct Digital Holdings, Inc. (DRCT), has outperformed the sector so far this year. Click to get this free report Nu Holdings Ltd. (NU) : Free Stock Analysis Report Direct Digital Holdings, Inc. (DRCT) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. To break things down more, Nu Holdings Ltd. belongs to the Technology Services industry, a group that includes 176 individual companies and currently sits at #76 in the Zacks Industry Rank. Click to get this free report Nu Holdings Ltd. (NU) : Free Stock Analysis Report Direct Digital Holdings, Inc. (DRCT) : Free Stock Analysis Report To read this article on Zacks.com click here. | Another stock in the Business Services sector, Direct Digital Holdings, Inc. (DRCT), has outperformed the sector so far this year. This 15-stock industry is currently ranked #92. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | a58a49e0-2556-4508-9bac-57cf5b3822f2 |
710826.0 | 2023-12-16 00:00:00 UTC | Is ACRES Commercial Realty (ACR) Outperforming Other Finance Stocks This Year? | DCOMP | https://www.nasdaq.com/articles/is-acres-commercial-realty-acr-outperforming-other-finance-stocks-this-year-0 | nan | nan | The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is ACRES Commercial (ACR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
ACRES Commercial is one of 843 companies in the Finance group. The Finance group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ACRES Commercial is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ACR's full-year earnings has moved 19.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ACR has returned about 17.1% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 16.9% on a year-to-date basis. This shows that ACRES Commercial is outperforming its peers so far this year.
One other Finance stock that has outperformed the sector so far this year is BTCS Inc. (BTCS). The stock is up 141.3% year-to-date.
The consensus estimate for BTCS Inc.'s current year EPS has increased 18.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ACRES Commercial belongs to the REIT and Equity Trust industry, which includes 29 individual stocks and currently sits at #198 in the Zacks Industry Rank. This group has gained an average of 15.9% so far this year, so ACR is performing better in this area.
BTCS Inc. however, belongs to the Financial - Miscellaneous Services industry. Currently, this 63-stock industry is ranked #160. The industry has moved +18.6% so far this year.
Investors interested in the Finance sector may want to keep a close eye on ACRES Commercial and BTCS Inc. as they attempt to continue their solid performance.
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
ACRES Commercial Realty Corp. (ACR) : Free Stock Analysis Report
BTCS Inc. (BTCS) : 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. | Investors interested in the Finance sector may want to keep a close eye on ACRES Commercial and BTCS Inc. as they attempt to continue their solid performance. 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 Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. Click to get this free report ACRES Commercial Realty Corp. (ACR) : Free Stock Analysis Report BTCS Inc. (BTCS) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Looking more specifically, ACRES Commercial belongs to the REIT and Equity Trust industry, which includes 29 individual stocks and currently sits at #198 in the Zacks Industry Rank. Click to get this free report ACRES Commercial Realty Corp. (ACR) : Free Stock Analysis Report BTCS Inc. (BTCS) : Free Stock Analysis Report To read this article on Zacks.com click here. | ACRES Commercial is one of 843 companies in the Finance group. The industry has moved +18.6% so far this year. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 8a8a0f0f-197f-4387-a4fe-334215e26a85 |
710827.0 | 2023-12-16 00:00:00 UTC | Has Alamos Gold (AGI) Outpaced Other Basic Materials Stocks This Year? | DCOMP | https://www.nasdaq.com/articles/has-alamos-gold-agi-outpaced-other-basic-materials-stocks-this-year | nan | nan | Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Alamos Gold (AGI) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Alamos Gold is one of 230 individual stocks in the Basic Materials sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Alamos Gold is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AGI's full-year earnings has moved 22.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AGI has moved about 35% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of 11% on a year-to-date basis. This means that Alamos Gold is outperforming the sector as a whole this year.
Another stock in the Basic Materials sector, Air Liquide (AIQUY), has outperformed the sector so far this year. The stock's year-to-date return is 35.7%.
In Air Liquide's case, the consensus EPS estimate for the current year increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Alamos Gold belongs to the Mining - Gold industry, a group that includes 39 individual companies and currently sits at #142 in the Zacks Industry Rank. Stocks in this group have gained about 10.3% so far this year, so AGI is performing better this group in terms of year-to-date returns.
On the other hand, Air Liquide belongs to the Chemical - Diversified industry. This 28-stock industry is currently ranked #232. The industry has moved -3% year to date.
Alamos Gold and Air Liquide could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
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
Alamos Gold Inc. (AGI) : Free Stock Analysis Report
Air Liquide (AIQUY) : 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 Air Liquide's case, the consensus EPS estimate for the current year increased 0.4% over the past three months. 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." | To break things down more, Alamos Gold belongs to the Mining - Gold industry, a group that includes 39 individual companies and currently sits at #142 in the Zacks Industry Rank. Alamos Gold and Air Liquide could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks. Click to get this free report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Air Liquide (AIQUY) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. Alamos Gold and Air Liquide could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks. Click to get this free report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Air Liquide (AIQUY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Another stock in the Basic Materials sector, Air Liquide (AIQUY), has outperformed the sector so far this year. To break things down more, Alamos Gold belongs to the Mining - Gold industry, a group that includes 39 individual companies and currently sits at #142 in the Zacks Industry Rank. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 9b084224-866e-415b-ab82-7548897606e2 |
710828.0 | 2023-12-16 00:00:00 UTC | Encompass Health (EHC) is a Top-Ranked Value Stock: Should You Buy? | DCOMP | https://www.nasdaq.com/articles/encompass-health-ehc-is-a-top-ranked-value-stock%3A-should-you-buy | nan | nan | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Encompass Health (EHC)
Encompass Health Corporation is a provider of integrated healthcare services. It offers facility-based patient care through its network of inpatient rehabilitation hospitals. With a national footprint that includes 158 hospitals across 36 states and Puerto Rico, the company delivers high-quality, cost-effective, integrated care in the healthcare space. It provides a continuum of facility-based for its patients and their families, which will gain more prevalence as coordinated care and integrated delivery payment models, such as accountable care organizations and bundled payment arrangements.
EHC is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 18.76; value investors should take notice.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.07 to $3.52 per share. EHC boasts an average earnings surprise of 17.3%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, EHC should be on investors' short list.
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
Encompass Health Corporation (EHC) : 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. | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. With a national footprint that includes 158 hospitals across 36 states and Puerto Rico, the company delivers high-quality, cost-effective, integrated care in the healthcare space. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Stock to Watch: Encompass Health (EHC) Encompass Health Corporation is a provider of integrated healthcare services. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. | Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | cc74f078-d3a8-4561-9987-8a7765c5bec9 |
710829.0 | 2023-12-16 00:00:00 UTC | Here's Why Humana (HUM) is a Strong Value Stock | DCOMP | https://www.nasdaq.com/articles/heres-why-humana-hum-is-a-strong-value-stock-1 | nan | nan | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Humana (HUM)
Founded in 1964 and headquartered in Louisville, KY, Humana Inc. is one of the largest health care plan providers in the United States. It was organized as a Delaware corporation in the year 1964. It provides health insurance benefits under Health Maintenance Organization (HMO), Private Fee-For-Service (PFFS), and Preferred Provider Organization (PPO) plans. The company also provides other benefits with specialty products including dental, vision, and other supplementary benefits.
HUM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 16.26; value investors should take notice.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0 to $28.29 per share. HUM also boasts an average earnings surprise of 5.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, HUM should be on investors' short list.
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
Humana Inc. (HUM) : 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. | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. Click to get this free report Humana Inc. (HUM) : Free Stock Analysis Report To read this article on Zacks.com click here. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | b626b2a6-0678-4229-90ae-dcce859eba66 |
710830.0 | 2023-12-16 00:00:00 UTC | Why This 1 Value Stock Could Be a Great Addition to Your Portfolio | DCOMP | https://www.nasdaq.com/articles/why-this-1-value-stock-could-be-a-great-addition-to-your-portfolio-303 | nan | nan | For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Aptiv PLC (APTV)
Aptiv PLC is one of the leading global technology and mobility company which mainly serves the automotive sector. It is a designer and manufacturer of vehicle components as well as provider of electrical, electronic and safety technology solutions to the global automotive market. The company delivers end-to-end smart mobility solutions, active safety and autonomous driving technologies and provides enhanced user experience and connected services.
APTV is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 18.47; value investors should take notice.
For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $4.73 per share. APTV boasts an average earnings surprise of 9.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, APTV should be on investors' short list.
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
Aptiv PLC (APTV) : 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 VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. It is a designer and manufacturer of vehicle components as well as provider of electrical, electronic and safety technology solutions to the global automotive market. The company delivers end-to-end smart mobility solutions, active safety and autonomous driving technologies and provides enhanced user experience and connected services. | Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. Click to get this free report Aptiv PLC (APTV) : Free Stock Analysis Report To read this article on Zacks.com click here. | Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | What are the Zacks Style Scores? However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day. That's where the Style Scores come in. | 1a6695ae-fa8e-41ff-a494-e55614295a30 |
710831.0 | 2023-12-16 00:00:00 UTC | Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick | DCOMP | https://www.nasdaq.com/articles/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick-260 | nan | nan | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Paymentus (PAY)
San Jose, CA-based VeriFone Systems Inc. operates through its principal subsidiary VeriFone Inc, which it acquired in Jul 2002. In May 2010, the company changed its name from VeriFone Holdings to VeriFone Systems.
PAY is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Business Services stock. PAY has a Momentum Style Score of A, and shares are up 5.5% over the past four weeks.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.09 to $0.27 per share. PAY boasts an average earnings surprise of 333.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PAY should be on investors' short list.
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
Paymentus Holdings, Inc. (PAY) : 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. | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. 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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 42e18ea2-c6f1-464f-98af-67cec0691660 |
710832.0 | 2023-12-16 00:00:00 UTC | Here's Why Euronet Worldwide (EEFT) is a Strong Momentum Stock | DCOMP | https://www.nasdaq.com/articles/heres-why-euronet-worldwide-eeft-is-a-strong-momentum-stock-0 | nan | nan | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Euronet Worldwide (EEFT)
Founded in 1994 and headquartered at Leawood, KS, Euronet Worldwide is a leading electronics payments provider. The company offers payment and transaction processing and distribution solutions to financial institutions, retailers, consumers and service providers.
EEFT is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Finance stock. EEFT has a Momentum Style Score of B, and shares are up 9.3% over the past four weeks.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.10 to $7.35 per share. EEFT boasts an average earnings surprise of 4.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EEFT should be on investors' short list.
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
Euronet Worldwide, Inc. (EEFT) : 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. | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. The company offers payment and transaction processing and distribution solutions to financial institutions, retailers, consumers and service providers. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. | The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 7e35d6d5-2a5a-4e78-bfa2-132d71e15232 |
710833.0 | 2023-12-16 00:00:00 UTC | Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio | DCOMP | https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-238 | nan | nan | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Vulcan Materials (VMC)
Based in Birmingham, AL, Vulcan Materials Company is engaged in the production, distribution and sale of construction aggregates and other construction materials in the U.S. and Mexico. As of Dec 31, 2023, it had 404 active aggregates facilities, 71 asphalt facilities, 142 concrete facilities and 1 calcium facility.
VMC is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Construction stock. VMC has a Momentum Style Score of B, and shares are up 5.9% over the past four weeks.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.05 to $6.87 per share. VMC boasts an average earnings surprise of 13.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, VMC should be on investors' short list.
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
Vulcan Materials Company (VMC) : 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. | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Vulcan Materials Company (VMC) : Free Stock Analysis Report To read this article on Zacks.com click here. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. What are the Zacks Style Scores? That's where the Style Scores come in. | d01a6f7e-97e6-48a4-b54c-e4571dce04f7 |
710834.0 | 2023-12-16 00:00:00 UTC | Here's Why Martin Marietta (MLM) is a Strong Value Stock | DCOMP | https://www.nasdaq.com/articles/heres-why-martin-marietta-mlm-is-a-strong-value-stock-1 | nan | nan | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Martin Marietta (MLM)
Based in Raleigh, NC, Martin Marietta Materials, Inc. produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States. The end uses of the company’s aggregates and cement are infrastructure, private residential and private non-residential construction. Railroad, agricultural, utility and environmental industries also use these products. The company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 350 quarries, mines and distribution yards in 28 states, Canada and the Bahamas.
MLM is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 26.59; value investors should take notice.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.98 to $18.44 per share. MLM boasts an average earnings surprise of 37.3%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, MLM should be on investors' short list.
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
Martin Marietta Materials, Inc. (MLM) : 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. | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. The company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 350 quarries, mines and distribution yards in 28 states, Canada and the Bahamas. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Stock to Watch: Martin Marietta (MLM) Based in Raleigh, NC, Martin Marietta Materials, Inc. produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States. Click to get this free report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report To read this article on Zacks.com click here. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | That's where the Style Scores come in. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 1303e9e0-8630-4ea6-bd05-32744f88531b |
710835.0 | 2023-12-16 00:00:00 UTC | Here's Why Cheniere Energy (LNG) is a Strong Value Stock | DCOMP | https://www.nasdaq.com/articles/heres-why-cheniere-energy-lng-is-a-strong-value-stock-1 | nan | nan | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cheniere Energy (LNG)
Houston, TX-based Cheniere Energy Inc. is primarily engaged in businesses related to liquefied natural gas (or LNG) through its two business segments: LNG terminal; and LNG and natural gas marketing. The company, through its controlling interest in Cheniere Energy Partners L.P., owns and operates the Sabine Pass LNG terminal in Louisiana – North America’s first large-scale liquefied gas export facility. Furthermore, Cheniere Energy owns and operates the 94-mile Creole Trail Pipeline – an interconnect between the Sabine Pass receiving terminal and the downstream markets – through its subsidiary.
LNG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 4.39; value investors should take notice.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $5.79 to $39.61 per share. LNG boasts an average earnings surprise of 92%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, LNG should be on investors' short list.
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
Cheniere Energy, Inc. (LNG) : 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. | Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. The company, through its controlling interest in Cheniere Energy Partners L.P., owns and operates the Sabine Pass LNG terminal in Louisiana – North America’s first large-scale liquefied gas export facility. Furthermore, Cheniere Energy owns and operates the 94-mile Creole Trail Pipeline – an interconnect between the Sabine Pass receiving terminal and the downstream markets – through its subsidiary. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." Stock to Watch: Cheniere Energy (LNG) Houston, TX-based Cheniere Energy Inc. is primarily engaged in businesses related to liquefied natural gas (or LNG) through its two business segments: LNG terminal; and LNG and natural gas marketing. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | That's where the Style Scores come in. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 58abaf0f-a5ac-400e-9a30-4d00270cb7dd |
710836.0 | 2023-12-16 00:00:00 UTC | Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio | DCOMP | https://www.nasdaq.com/articles/why-this-1-momentum-stock-could-be-a-great-addition-to-your-portfolio-239 | nan | nan | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Choice Hotels (CHH)
Choice Hotels International is one of the largest hotel franchisors globally. As of Sep 30, 2023, the company had 7,463 hotels open, representing 627,694 rooms. This hotel chain is spread across 45 countries and territories internationally and is present in 50 states domestically and the District of Columbia.
CHH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Consumer Discretionary stock. CHH has a Momentum Style Score of A, and shares are up 0.2% over the past four weeks.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.02 to $6.02 per share. CHH boasts an average earnings surprise of 5.2%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CHH should be on investors' short list.
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
Choice Hotels International, Inc. (CHH) : 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. | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Momentum Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." Click to get this free report Choice Hotels International, Inc. (CHH) : Free Stock Analysis Report To read this article on Zacks.com click here. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | That's where the Style Scores come in. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | abf45021-b786-4b33-b0e2-dc5d9317e2f5 |
710837.0 | 2023-12-16 00:00:00 UTC | Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick | DCOMP | https://www.nasdaq.com/articles/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick-261 | nan | nan | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: American Express (AXP)
Founded in 1850, NY-based American Express Company is a diversified financial services company, offering charge and credit payment card products, and travel-related services worldwide. American Express and its main subsidiary – American Express Travel Related Services Company, Inc. (“TRS”) – are bank holding companies under the Bank Holding Company Act of 1956. The company offers business travel-related services through its non-consolidated joint venture, American Express Global Business Travel (the GBT JV).
AXP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. AXP has a Momentum Style Score of A, and shares are up 11.5% over the past four weeks.
Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.09 to $11.21 per share. AXP also boasts an average earnings surprise of 0.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AXP should be on investors' short list.
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
American Express Company (AXP) : 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. | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. American Express and its main subsidiary – American Express Travel Related Services Company, Inc. (“TRS”) – are bank holding companies under the Bank Holding Company Act of 1956. Click to get this free report American Express Company (AXP) : Free Stock Analysis Report To read this article on Zacks.com click here. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | That's where the Style Scores come in. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | b8c86026-a5f3-46bc-af07-3fa53ff8e7cc |
710838.0 | 2023-12-16 00:00:00 UTC | New to Investing? This 1 Business Services Stock Could Be the Perfect Starting Point | DCOMP | https://www.nasdaq.com/articles/new-to-investing-this-1-business-services-stock-could-be-the-perfect-starting-point-9 | nan | nan | Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Block (SQ)
Headquartered in San Francisco, CA, Block, formerly known as Square, was incorporated in 2015. The company offers financial and marketing services through its comprehensive commerce ecosystem that helps sellers to start, run and grow their businesses.
On March 28, 2017, SQ was added to the Focus List at $17.25 per share. Shares have increased 328.29% to $73.88 since then, and the company is a #2 (Buy) on the Zacks Rank.
14 analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.28 to $1.91. SQ also boasts an average earnings surprise of 11%.
Earnings for SQ are forecasted to see growth of 91% for the current fiscal year as well.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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
Block, Inc. (SQ) : 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. | Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum. The company offers financial and marketing services through its comprehensive commerce ecosystem that helps sellers to start, run and grow their businesses. Gain full access now >> Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. | The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. | The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. That's what the Zacks Focus List offers. Focus List Methodology When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions. | 063d2531-13e6-475d-a622-cf2074488276 |
710839.0 | 2023-12-16 00:00:00 UTC | Why Rollins (ROL) is a Top Stock for the Long-Term | DCOMP | https://www.nasdaq.com/articles/why-rollins-rol-is-a-top-stock-for-the-long-term-0 | nan | nan | Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus List
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.
Focus List Spotlight: Rollins (ROL)
Headquartered in Atlanta, GA, Rollins provides pest and termite control services to residential and commercial customers. The company offers protection against termite damage, insects and rodents to homes and businesses, including food manufacturers, food service establishments, hotels, transportation companies and retailers.
Since being added to the Focus List on January 7, 2019 at $36.50 per share, shares of ROL have increased 16.82% to $42.64. The stock is currently a #2 (Buy) on the Zacks Rank.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.03 to $0.89. ROL boasts an average earnings surprise of 7.2%.
Earnings for ROL are forecasted to see growth of 18.7% for the current fiscal year as well.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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
Rollins, Inc. (ROL) : 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 Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum. Gain full access now >> Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. Click to get this free report Rollins, Inc. (ROL) : Free Stock Analysis Report To read this article on Zacks.com click here. | It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. | That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. The stock is currently a #2 (Buy) on the Zacks Rank. Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. | aef893c0-bd04-4168-98bf-2d6365d83f13 |
710840.0 | 2023-12-16 00:00:00 UTC | New to Investing? This 1 Computer and Technology Stock Could Be the Perfect Starting Point | DCOMP | https://www.nasdaq.com/articles/new-to-investing-this-1-computer-and-technology-stock-could-be-the-perfect-starting-29 | nan | nan | Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Shopify (SHOP)
Ottawa, Canada-based Shopify Inc. provides a multi-tenant, cloud-based, multi-channel commerce platform for small and medium-sized businesses (SMBs). The company completed Initial Public Offering (IPO) in May 2015.
Since being added to the Focus List on September 6, 2022 at $29.94 per share, shares of SHOP have increased 157.62% to $77.13. The stock is currently a #1 (Strong Buy) on the Zacks Rank.
13 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.17 to $0.70. SHOP boasts an average earnings surprise of 106.1%.
Additionally, SHOP's earnings are expected to grow 1650% for the current fiscal year.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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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Shopify Inc. (SHOP) : 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 service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum. Gain full access now >> Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. | One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Reveal Winning Stocks Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. | One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. That's what the Zacks Focus List offers. The stock is currently a #1 (Strong Buy) on the Zacks Rank. | dfa2eb74-cba2-4de3-a136-bf8b3094dcf7 |
710841.0 | 2023-12-16 00:00:00 UTC | Artificial Intelligence Adding New Depths to 3D Scanning | DCOMP | https://www.nasdaq.com/articles/artificial-intelligence-adding-new-depths-to-3d-scanning | nan | nan | 3D scanners are used across a wide range of industries and applications due to their ability to capture the physical dimensions of objects and environments quickly and accurately, enabling their digitization with complex geometry and rich textures in high resolution. 3D scanning has been used in manufacturing auto parts, healthcare, and rocketry, but its adoption rate has been slowed by the steep learning curve for professional 3D scanning technologies. This article reveals how advances in Artificial Intelligence (AI) will improve the learning curve for 3D scanning technologies, making the processes as simple as taking a video.
The Market
According to Allied Market Research, the global 3D scanning market size was valued at $3.72 billion in 2020 and is projected to reach $16.66 billion by 2030, registering a CAGR of 16.3% from over the period. Modor Intelligence puts the market at $3.1 billion in 2023, growing to $6.23 billion in 2028, a CAGR of 15%. There are 3D applications in nearly every industry; here are just a few examples:
3D scanners are used in industrial design and manufacturing to reverse engineer and develop products, control quality, and for training.
In the automotive industry, 3D scanners can be used for quality control (rapid and precise inspection of components and completed vehicles), as well as design and testing. For example, 3D scanning is used to speed up NASCAR racers and to prototype powertrains.
3D scanners are also used to survey land, assess geological structures, and monitor environmental changes.
In healthcare, 3D scanners are used to create custom prosthetics, orthopedics, and implants.
In construction and architecture, 3D scanners can capture minute details of buildings and construction sites to create virtual models that can aid in planning, design, and renovation. For example, 3D scanning has been used to create a virtual version of a national treasure in South Korea.
3D scanners can be used in the entertainment industry to create digital doubles for movies or games, and in VR and AR applications.
For law enforcement, 3D scanners can be used for crime scene investigation and accident reconstruction.
3D Scanning Technologies
There are multiple technologies enabling 3D scanning; the first four are considered active 3D capture technologies, and the last is considered passive 3D capture.
Laser triangulation projects a laser beam (either a line or a single point) onto a surface and measures the deformation of the laser ray. This type of scanning offers high resolution and accuracy, but it is highly sensitive to the subject’s surface; therefore, shiny, transparent, or dark surfaces are problematic.
Structured light scanning measures the deformation of a light pattern when projected onto a surface. This technology does not rely on a laser but rather a projection of a series of linear patterns onto the object. The deformation of such patterns is used to calculate the distance and the object’s surface. The main advantage of this type of scanning is its speed and resolution; also, non-harmful light can be used, making it practical for body scans. Bright light conditions can, however, negatively impact its accuracy.
Contact-based 3D scanning technology is based on sampling several points on a surface, measured by a mechanical, optical, or physical probe – basically by physical touch. This technology is widely used for quality control because its main advantage is its precision and ability to handle transparent or reflective surfaces, unlike laser triangulation.
Laser pulse scanning is also known as Time of Flight (ToF) or Lidar (in newer iPhones). The laser beam is projected onto a surface and recollected by a sensor. The time of travel of the laser between its emission and reception gives the surface’s distance and geometrical information to the 3D scanner. Each measure collects only one point, so the scanner must cast its laser 360 degrees around the point, usually done with a mirror that changes the laser’s orientation. The advantage of this technology is its ability to scan very large objects and environments, but it is relatively slow, given its single-point nature.
Photogrammetry, also called “3D scans from photographs,” is considered a passive form of 3D scanning as it reconstructs a subject in 3D from 2D captured photos, using computer vision and computational geometry algorithms. This type of scanning is gaining traction because it doesn’t require special hardware and can be run using just a smartphone. The idea here is to combine information from a range of photographs of a subject, taken from varying angles. The advantages of this technology are the speed at which scans can be completed, and the ability to capture colors and textures. This technology is particularly useful for large-scale scans, such as landscapes or large structures. The challenge is that the quality of the scan is dependent on the images captured, and given the enormous amount of data, it can be relatively slow depending on the hardware and software being used.
AI & 3D Tailwinds
Artificial Intelligence (AI) advances are expanding the capabilities and improving the ease of use for 3D scanning. AI can help align and merge multiple scans from different angles or sources to create a coherent and consistent digital model. It can also help classify and categorize scanned objects based on user-defined parameters such as shape or color, which could reduce the manual effort required to refine a model.
For example, considerable time and effort are often spent manually cleaning the data to create 3D digital images. After the 3D scanning data is collected into a “point cloud,” composed of millions of different data modules that may include color, texture, and intricate surface details. A point cloud that would take a person an hour to clean could be addressed in less than a second by AI.
Soon, 3D scanners will be able to learn about and understand the objects they are scanning, allowing them to evaluate objects and provide more precise quality control. For example, a 3D scanner could assess the surface of a commercial plane, identifying areas that need immediate attention and those that can be addressed later, or as another example, it could be used to assess the structural integrity of buildings after an earthquake.
Leading 3D Scanning Companies
3D Systems (DDD) is a pioneer in 3D printing and offers 3D scanning solutions for product design, prototyping, and manufacturing. In 2021, the company acquired Oqton, whose cloud-based, AI-enabled Manufacturing Operating System is used to accelerate the deployment and automation of digital manufacturing in production environments.
Autodesk (ADSK) is a software company serving industries in architecture, engineering and construction, product design and manufacturing, and media and entertainment. Autodesk software enables the design, modeling, and rendering needs of these industries. Its solutions include 3D scanning software and services.
Faro Technologies (FARO) specializes in 3D measurement, imaging, and realization technology. It is known for its advanced 3D scanning equipment used in various industries, including manufacturing, construction, engineering, and public safety. Earlier this year, the company announced the release of Hybrid Reality Capture, which combines the accuracy of a static 3D laser scanner with the speed of a panoramic camera. This combination of fast scans with colorized 360° images improves scanning speed by up to 100%.
Hexagon AB (HXGBF) provides high-precision 3D scanners suitable for industrial and engineering applications. The company’s unique portfolio of digital reality solutions combines its sensor, software, and autonomous technologies. Its subsidiary, Leica Geosystems, is a leading provider of premium spatial measurement solutions, including 3D laser scanners for surveying and construction.
NVIDIA’s (NVDA) Jetson mini supercomputer will help scanners understand and assess what they are scanning. This will expand the utility of 3D scanning beyond creating digital replicas and into functions such as quality control. Lumirithmic, an Imperial College London spin-out, has developed proprietary technology that enables users to easily create movie-grade avatars from facial scans, and enables 3D scanning at scale for any industry.
Trimble (TRMB) offers 3D scanning solutions primarily focused on applications in construction, agriculture, transportation, and geospatial sectors. The company’s Trimble Business Center (TBC) software uses AI to mimic human cognitive functions, such as classifying point clouds into buildings, vegetation (high and medium), poles, signs, ground, noise (people and vehicles), steps, power lines, and dividers.
Topcon Corporation (TOPCF) provides surveying, construction, agriculture, and infrastructure management solutions, including 3D laser scanners and total stations.
Privately-held Artec 3D is known for its handheld 3D scanners, which are widely used in healthcare, industrial design, and media and entertainment.
Privately-held Creaform provides portable 3D measurement technologies and is known for its handheld 3D scanners used in industrial, educational, and research settings.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 3D scanners are used across a wide range of industries and applications due to their ability to capture the physical dimensions of objects and environments quickly and accurately, enabling their digitization with complex geometry and rich textures in high resolution. Earlier this year, the company announced the release of Hybrid Reality Capture, which combines the accuracy of a static 3D laser scanner with the speed of a panoramic camera. The company’s Trimble Business Center (TBC) software uses AI to mimic human cognitive functions, such as classifying point clouds into buildings, vegetation (high and medium), poles, signs, ground, noise (people and vehicles), steps, power lines, and dividers. | This article reveals how advances in Artificial Intelligence (AI) will improve the learning curve for 3D scanning technologies, making the processes as simple as taking a video. This technology is widely used for quality control because its main advantage is its precision and ability to handle transparent or reflective surfaces, unlike laser triangulation. Autodesk (ADSK) is a software company serving industries in architecture, engineering and construction, product design and manufacturing, and media and entertainment. | 3D Scanning Technologies There are multiple technologies enabling 3D scanning; the first four are considered active 3D capture technologies, and the last is considered passive 3D capture. Leading 3D Scanning Companies 3D Systems (DDD) is a pioneer in 3D printing and offers 3D scanning solutions for product design, prototyping, and manufacturing. Lumirithmic, an Imperial College London spin-out, has developed proprietary technology that enables users to easily create movie-grade avatars from facial scans, and enables 3D scanning at scale for any industry. | There are 3D applications in nearly every industry; here are just a few examples: 3D scanners are used in industrial design and manufacturing to reverse engineer and develop products, control quality, and for training. Autodesk (ADSK) is a software company serving industries in architecture, engineering and construction, product design and manufacturing, and media and entertainment. This combination of fast scans with colorized 360° images improves scanning speed by up to 100%. | 8e34550a-0e5c-4c55-9d37-681b8ab5faf7 |
710842.0 | 2023-12-16 00:00:00 UTC | How to Earn $1,000 per Month in Dividends From 3 Stocks | DCOMP | https://www.nasdaq.com/articles/how-to-earn-%241000-per-month-in-dividends-from-3-stocks | nan | nan | When it comes to dividend investing, know that it is a process and not a get rich quick scheme. Therefore, investors need to allow the process to play out in order to see the rewards down the road. In today's video, I explain the process of compounding dividends and then look at three stocks, including one ETF which is the Schwab US Dividend Equity ETF (NYSEMKT: SCHD).
Check out this video to learn more, subscribe to the channel, and check out the special offer in the link below.
*Stock prices used were end-of-day prices of Dec. 15, 2023. The video was published on Dec. 18, 2023.
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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. Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. | Should you invest $1,000 in Schwab U.S. Dividend Equity ETF right now? Before you buy stock in Schwab U.S. Dividend Equity ETF, 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 Schwab U.S. Dividend Equity ETF wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Mark Roussin, CPA has positions in Broadcom and Schwab U.S. Dividend Equity ETF. | In today's video, I explain the process of compounding dividends and then look at three stocks, including one ETF which is the Schwab US Dividend Equity ETF (NYSEMKT: SCHD). Before you buy stock in Schwab U.S. Dividend Equity ETF, 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 Schwab U.S. Dividend Equity ETF wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Mark Roussin, CPA has positions in Broadcom and Schwab U.S. Dividend Equity ETF. | 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 Mark Roussin, CPA has positions in Broadcom and Schwab U.S. Dividend Equity ETF. Their opinions remain their own and are unaffected by The Motley Fool. | 51e60860-8fdc-483d-987f-ee810774dd1d |
710843.0 | 2023-12-16 00:00:00 UTC | Here's Why Chipotle Mexican Grill (CMG) is a Strong Growth Stock | DCOMP | https://www.nasdaq.com/articles/heres-why-chipotle-mexican-grill-cmg-is-a-strong-growth-stock-0 | nan | nan | For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Chipotle Mexican Grill (CMG)
A Delaware corporation, Chipotle Mexican Grill, together with its subsidiaries, operates quick-casual and fresh Mexican food restaurant chains. The company was founded in 1993 by Steve Ells, who started with a single restaurant in Denver, CO. The company offers a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. Chipotle restaurants feature free-range, hormone-free pork, natural chicken and other meat products cooked through traditional methods and served in a unique atmosphere. Chipotle classifies its restaurants as end-caps (at the end of a line of retail chains), in-lines (in a line of retail chains), free-standing units and others.
CMG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. CMG has a Growth Style Score of A, forecasting year-over-year earnings growth of 34.4% for the current fiscal year.
13 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.83 to $44.04 per share. CMG boasts an average earnings surprise of 5.8%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CMG should be on investors' short list.
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
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 VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. Chipotle restaurants feature free-range, hormone-free pork, natural chicken and other meat products cooked through traditional methods and served in a unique atmosphere. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. 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 research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. That's where the Style Scores come in. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 2950f060-cac3-4911-8441-2c18db82186f |
710844.0 | 2023-12-16 00:00:00 UTC | Why Baker Hughes (BKR) is a Top Growth Stock for the Long-Term | DCOMP | https://www.nasdaq.com/articles/why-baker-hughes-bkr-is-a-top-growth-stock-for-the-long-term-0 | nan | nan | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Baker Hughes (BKR)
Based in Houston, TX, Baker Hughes Company is one of the world’s largest oilfield service providers. The integrated oilfield products and digital solutions of Baker Hughes help customers efficiently and cost-effectively refine and transport hydrocarbons with low environmental concerns. Moreover, with growing demand for clean energy and the need to curb greenhouse gas emissions, countries around the world are investing in LNG terminals. This has given Baker Hughes the opportunity to expand its reach beyond oilfields in order to capitalize on contracts for manufacturing equipment that is being used in LNG facilities.
BKR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. BKR has a Growth Style Score of B, forecasting year-over-year earnings growth of 76.4% for the current fiscal year.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.04 to $1.57 per share. BKR boasts an average earnings surprise of 7.5%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, BKR should be on investors' short list.
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
Baker Hughes Company (BKR) : 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. | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. The integrated oilfield products and digital solutions of Baker Hughes help customers efficiently and cost-effectively refine and transport hydrocarbons with low environmental concerns. Moreover, with growing demand for clean energy and the need to curb greenhouse gas emissions, countries around the world are investing in LNG terminals. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Baker Hughes Company (BKR) : Free Stock Analysis Report To read this article on Zacks.com click here. | The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. | What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. That's where the Style Scores come in. | 4a3893ec-ea8f-4f36-aa11-6513a3ab0419 |
710845.0 | 2023-12-16 00:00:00 UTC | Here's Why Booz Allen Hamilton (BAH) is a Strong Growth Stock | DCOMP | https://www.nasdaq.com/articles/heres-why-booz-allen-hamilton-bah-is-a-strong-growth-stock | nan | nan | For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Booz Allen Hamilton (BAH)
McLean, VA-based Booz Allen Hamilton Holding Corporation is a provider of management and technology consulting, analytics, engineering, digital solutions, mission operations as well as cyber expertise to the United States and international governments, corporations plus not-for-profit organizations. The company operates as a single profit center with a single bonus pool for partners, vice presidents, principals and senior associates.
BAH is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. BAH has a Growth Style Score of B, forecasting year-over-year earnings growth of 10.1% for the current fiscal year.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0 to $5.02 per share. BAH also boasts an average earnings surprise of 7.7%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, BAH should be on investors' short list.
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
Booz Allen Hamilton Holding Corporation (BAH) : 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 VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. Stock to Watch: Booz Allen Hamilton (BAH) McLean, VA-based Booz Allen Hamilton Holding Corporation is a provider of management and technology consulting, analytics, engineering, digital solutions, mission operations as well as cyber expertise to the United States and international governments, corporations plus not-for-profit organizations. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." | Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. Click to get this free report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here. | Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio. The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank. | What are the Zacks Style Scores? That's where the Style Scores come in. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 7d429e6a-64a3-472b-9e10-54656fe38363 |
710846.0 | 2023-12-16 00:00:00 UTC | Parker-Hannifin (PH) is a Top-Ranked Growth Stock: Should You Buy? | DCOMP | https://www.nasdaq.com/articles/parker-hannifin-ph-is-a-top-ranked-growth-stock%3A-should-you-buy | nan | nan | For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Parker-Hannifin (PH)
Parker-Hannifin Corporation is a global diversified manufacturer of motion & control technologies and systems. The company provides precision engineered solutions for a wide variety of mobile, industrial and aerospace markets.
PH is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. PH has a Growth Style Score of B, forecasting year-over-year earnings growth of 7.6% for the current fiscal year.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.56 to $23.18 per share. PH also boasts an average earnings surprise of 11.8%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PH should be on investors' short list.
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
Parker-Hannifin Corporation (PH) : 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. | So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. | The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks. Click to get this free report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report To read this article on Zacks.com click here. | The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. | The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. What are the Zacks Style Scores? That's where the Style Scores come in. | c158fa1d-f356-48a2-9c3b-7859d9f0128b |
710847.0 | 2023-12-16 00:00:00 UTC | Ameren (AEE) is a Top-Ranked Growth Stock: Should You Buy? | DCOMP | https://www.nasdaq.com/articles/ameren-aee-is-a-top-ranked-growth-stock%3A-should-you-buy | nan | nan | For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Ameren (AEE)
St. Louis, MO-based Ameren Corporation, incorporated in December 1997, is a utility company, which generates and distributes electricity and natural gas to residential, commercial, industrial and wholesale end markets in Missouri and Illinois. The company serves nearly 2.4 million electric and more than 900,000 gas customers. The company has four business segments - Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas and Ameren Transmission.
AEE is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. AEE has a Growth Style Score of B, forecasting year-over-year earnings growth of 6% for the current fiscal year.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.02 to $4.39 per share. AEE also boasts an average earnings surprise of 9.5%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, AEE should be on investors' short list.
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
Ameren Corporation (AEE) : 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. | So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. | The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. The company has four business segments - Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas and Ameren Transmission. Click to get this free report Ameren Corporation (AEE) : Free Stock Analysis Report To read this article on Zacks.com click here. | The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. | But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day. That's where the Style Scores come in. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | cc622071-a3db-4f4f-a70f-5dfb8fdf4838 |
710848.0 | 2023-12-16 00:00:00 UTC | Is Carnival Stock a Buy Now? | DCOMP | https://www.nasdaq.com/articles/is-carnival-stock-a-buy-now-2 | nan | nan | Carnival (NYSE: CCL) has had a banner year. With just a few weeks left in 2023, shares of the one-time meme superstar are up 127%. It's a much-awaited turnaround for the pandemic-plagued cruise line, and it might not be over. Despite the current market enthusiasm, investors may not realize that Carnival stock is actually still down 74% from highs it reached in 2018. There were clearly some headwinds prior to the pandemic, and closures at the beginning only exacerbated them.
Can Carnival get back to growth and surpass its previous high? Let's see if the stock is worth buying now.
Where Carnival is holding now
Carnival's business has completed its rebound from the pandemic. Sales have surpassed pre-pandemic levels, and net income is very close.
CCL Net Income (Quarterly) data by YCharts
There are plenty of signs pointing to continued momentum. Occupancy was 109% in fiscal 2023's third quarter (ended Aug. 31), deposits reached a third-quarter high of $6.3 billion, and bookings were also at a third-quarter high. Management said it's been working to extend its booking curve, and that its 2024 bookings are the furthest out its ever had and at high prices. It has low remaining capacity, allowing it to flex its pricing power for the remainder.
The North American lines are exceeding pre-pandemic levels, but the Europe-based business is meeting historical levels. Although total revenue has already recovered, there's still more room for recovery on the European side.
Carnival had felt a negative impact from gasoline prices in the third quarter, but fuel prices are declining, which should boost profitability. Management said it's investing in fuel-reduction efforts, and fuel consumption per available lower berth days, a standard cruise capacity measurement, is down 16% from 2019 levels.
The main fallout: Increased debt
Carnival is back in business, but it still has a large debt weighing on its balance sheet. That debt ballooned when Carnival raised capital to survive and wasn't taking in any revenue for several months. The company has shrunk the total amount by about 10% from its highs of nearly $4 billion, and it's expecting to end the year with $31 billion, or down $10 billion from highs.
CCL Cash from Operations (Quarterly) data by YCharts
Management said it would pay off the debt with cash from operations, which was $1.8 billion in the third quarter and has been growing at close to pre-pandemic levels. Still, there's some risk associated with carrying that debt, leaving little room for error.
Is Carnival stock a bargain?
At the current price, Carnival stock trades at a forward one-year price-to-earnings ratio of less than 14. When you have a cheap valuation, the question that has to be asked is whether it's a bargain or a value trap. Cheap stocks are no bargain if there's no future opportunity or if the risk is too high.
Carnival is doing a great job of rebuilding and generating higher revenue, earnings, and cash flow. It's paying down its debt, and this is the largest cruise operator in the world with a history of excellent performance. With operations back in full swing, the risk looks low. That's why I see Carnival stock as a bargain at this price. For all these reasons, I recommend Carnival stock as a buy right now.
Should you invest $1,000 in Carnival Corp. right now?
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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. | CCL Net Income (Quarterly) data by YCharts There are plenty of signs pointing to continued momentum. Management said it's investing in fuel-reduction efforts, and fuel consumption per available lower berth days, a standard cruise capacity measurement, is down 16% from 2019 levels. Carnival is doing a great job of rebuilding and generating higher revenue, earnings, and cash flow. | CCL Net Income (Quarterly) data by YCharts There are plenty of signs pointing to continued momentum. CCL Cash from Operations (Quarterly) data by YCharts Management said it would pay off the debt with cash from operations, which was $1.8 billion in the third quarter and has been growing at close to pre-pandemic levels. Before you buy stock in Carnival Corp., 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 Carnival Corp. wasn't one of them. | CCL Cash from Operations (Quarterly) data by YCharts Management said it would pay off the debt with cash from operations, which was $1.8 billion in the third quarter and has been growing at close to pre-pandemic levels. That's why I see Carnival stock as a bargain at this price. Before you buy stock in Carnival Corp., 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 Carnival Corp. wasn't one of them. | CCL Cash from Operations (Quarterly) data by YCharts Management said it would pay off the debt with cash from operations, which was $1.8 billion in the third quarter and has been growing at close to pre-pandemic levels. That's why I see Carnival stock as a bargain at this price. Before you buy stock in Carnival Corp., 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 Carnival Corp. wasn't one of them. | 52b05d66-7cf1-4601-971f-84632f417c1e |
710849.0 | 2023-12-16 00:00:00 UTC | Is FlexShares Quality Dividend ETF (QDF) a Strong ETF Right Now? | DCOMP | https://www.nasdaq.com/articles/is-flexshares-quality-dividend-etf-qdf-a-strong-etf-right-now-0 | nan | nan | Launched on 12/14/2012, the FlexShares Quality Dividend ETF (QDF) is a smart beta exchange traded fund offering broad exposure to the Style Box - All Cap Blend category of the market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
Fund Sponsor & Index
The fund is sponsored by Flexshares. It has amassed assets over $1.66 billion, making it one of the larger ETFs in the Style Box - All Cap Blend. QDF seeks to match the performance of the Northern Trust Quality Dividend Index before fees and expenses.
The Northern Trust Quality Dividend Index is designed to provide exposure to a high-quality income-oriented portfolio of long-only U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall beta that is similar to that of the Northern Trust 1250 Index and the Index are selected based on expected dividend payment and fundamental factors.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Annual operating expenses for QDF are 0.37%, which makes it on par with most peer products in the space.
QDF's 12-month trailing dividend yield is 2.19%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
For QDF, it has heaviest allocation in the Information Technology sector --about 31.40% of the portfolio --while Financials and Healthcare round out the top three.
Looking at individual holdings, Apple Inc (AAPL) accounts for about 9.45% of total assets, followed by Microsoft Corp Common Stock Usd 0.00000625 (MSFT) and Procter &no.38; Gamble Co/the Common Stock Usd 0 (PG).
Its top 10 holdings account for approximately 34.12% of QDF's total assets under management.
Performance and Risk
The ETF return is roughly 19.10% so far this year and is up about 20.04% in the last one year (as of 12/19/2023). In the past 52-week period, it has traded between $51.86 and $61.93.
The fund has a beta of 0.98 and standard deviation of 16.04% for the trailing three-year period, which makes QDF a medium risk choice in this particular space. With about 143 holdings, it effectively diversifies company-specific risk.
Alternatives
FlexShares Quality Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - All Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index. IShares Core S&P Total U.S. Stock Market ETF has $48.85 billion in assets, Vanguard Total Stock Market ETF has $344.19 billion. ITOT has an expense ratio of 0.03% and VTI charges 0.03%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - All Cap Blend.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
Vanguard Total Stock Market ETF (VTI): ETF Research Reports
iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports
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. | Launched on 12/14/2012, the FlexShares Quality Dividend ETF (QDF) is a smart beta exchange traded fund offering broad exposure to the Style Box - All Cap Blend category of the market. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings. Alternatives FlexShares Quality Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - All Cap Blend segment of the market. | Looking at individual holdings, Apple Inc (AAPL) accounts for about 9.45% of total assets, followed by Microsoft Corp Common Stock Usd 0.00000625 (MSFT) and Procter &no.38; Gamble Co/the Common Stock Usd 0 (PG). IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index. Click to get this free report FlexShares Quality Dividend ETF (QDF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. | IShares Core S&P Total U.S. Stock Market ETF (ITOT) tracks S&P Total Market Index and the Vanguard Total Stock Market ETF (VTI) tracks CRSP US Total Market Index. IShares Core S&P Total U.S. Stock Market ETF has $48.85 billion in assets, Vanguard Total Stock Market ETF has $344.19 billion. Click to get this free report FlexShares Quality Dividend ETF (QDF): ETF Research Reports Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report Vanguard Total Stock Market ETF (VTI): ETF Research Reports iShares Core S&P Total U.S. Stock Market ETF (ITOT): ETF Research Reports To read this article on Zacks.com click here. | Launched on 12/14/2012, the FlexShares Quality Dividend ETF (QDF) is a smart beta exchange traded fund offering broad exposure to the Style Box - All Cap Blend category of the market. But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market. QDF seeks to match the performance of the Northern Trust Quality Dividend Index before fees and expenses. | 52ebfdd7-8b77-436c-aae5-47c8d9ea62c9 |
710850.0 | 2023-12-16 00:00:00 UTC | Here's Why You Should Retain QuidelOrtho (QDEL) Stock for Now | DCOMP | https://www.nasdaq.com/articles/heres-why-you-should-retain-quidelortho-qdel-stock-for-now-1 | nan | nan | QuidelOrtho Corporation QDEL is well-poised for growth in the coming quarters, courtesy of its strong product portfolio. The optimism led by a solid third-quarter 2023 performance and its continued spending on research and development (R&D) are expected to contribute further. However, headwinds due to data security threats and overdependence on diagnostic tests persist.
Over the past year, this Zacks Rank #3 (Hold) stock has lost 13.7% compared with a 0.9% decline of the industry. The S&P 500 has witnessed 24.6% growth in the said time frame.
The renowned rapid diagnostic testing solutions provider has a market capitalization of $4.71 billion. QuidelOrtho’s earnings yield of 7.1% compares favorably with the industry’s negative yield. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 39.6%.
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Let’s delve deeper.
Product Portfolio: We are upbeat about QuidelOrtho’s current product clientele. It sells its products directly to end users and distributors for professional use in physician offices and hospitals, among others, as well as for individual, non-professional, over-the-counter use. QuidelOrtho’s diagnostic testing solutions include the Sofia and Sofia 2 Analyzers, QuickVue, and InflammaDry and AdenoPlus products.
In September, QuidelOrtho was granted a CLIA Waiver by the FDA, which applies to its new Sofia 2 SARS Antigen+ FIA (fluorescent immunoassay).
Continued Spend on R&D: QuidelOrtho’s long-term growth and profitability will depend, in part, on its ability to retain and grow its current customers and attract new customers by developing and delivering new and improved products and services that meet customers’ needs and expectations. As a result, QuidelOrtho’s management expects to continue to maintain its emphasis on R&D investments for longer-term growth, including its next-generation platforms and assays, as well as additional assays to be launched on its current platforms.
Strong Q3 Results: QuidelOrtho’s robust third-quarter 2023 results buoy optimism. It recorded an uptick in its Non-Respiratory revenues. Robust revenues from its Labs and Transfusion Medicine segments and China and Other regions were also registered. Strong revenue growth in the Europe, the Middle East and Africa region on a reported basis and from its Instrument and Recurring revenue categories were also recorded.
Downsides
Data Security Threats: QuidelOrtho utilizes complex information technology systems to transmit and store information, including proprietary information, to support its business and process. In the future, these systems may prove inadequate to its business needs and necessary upgrades may not operate as designed, resulting in high costs or disruptions in portions of the company’s business.
Overdependence on Diagnostic Tests: A significant percentage of QuidelOrtho’s revenues comes from the sale of COVID-19 and influenza tests and these are expected to remain a significant portion of the company’s total revenues for at least in the near future. As a result, if sales or revenues of COVID-19 or influenza tests fall for any reason, the company’s operating results will be affected.
Estimate Trend
QuidelOrtho is witnessing a negative estimate revision trend for 2023. In the past 90 days, the Zacks Consensus Estimate for its earnings has moved a penny south to $4.99.
The Zacks Consensus Estimate for the company’s fourth-quarter 2023 revenues is pegged at $798.2 million, suggesting a 7.9% decline from the year-ago quarter’s reported number.
Key Picks
Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, HealthEquity, Inc. HQY and Integer Holdings Corporation ITGR.
DaVita, sporting a Zacks Rank #1 (Strong Buy), has an estimated long-term growth rate of 17.3%. DVA’s earnings surpassed estimates in all the trailing four quarters, with an average surprise of 36.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
DaVita’s shares have gained 50.9% compared with the industry’s 9.7% rise in the past year.
HealthEquity, carrying a Zacks Rank of 2 (Buy) at present, has an estimated long-term growth rate of 27.5%. HQY’s earnings surpassed estimates in all the trailing four quarters, with an average of 16.5%.
HealthEquity has gained 2.9% against the industry’s 7.5% decline over the past year.
Integer Holdings, flaunting a Zacks Rank of 1 at present, has an estimated long-term growth rate of 15.8%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 11.9%.
Integer Holdings’ shares have rallied 43.9% compared with the industry’s 4.1% rise in the past year.
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DaVita Inc. (DVA) : Free Stock Analysis Report
QuidelOrtho Corporation (QDEL) : Free Stock Analysis Report
HealthEquity, Inc. (HQY) : Free Stock Analysis Report
Integer Holdings Corporation (ITGR) : 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. | It sells its products directly to end users and distributors for professional use in physician offices and hospitals, among others, as well as for individual, non-professional, over-the-counter use. The Zacks Consensus Estimate for the company’s fourth-quarter 2023 revenues is pegged at $798.2 million, suggesting a 7.9% decline from the year-ago quarter’s reported number. Key Picks Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, HealthEquity, Inc. HQY and Integer Holdings Corporation ITGR. | Key Picks Some better-ranked stocks in the broader medical space are DaVita Inc. DVA, HealthEquity, Inc. HQY and Integer Holdings Corporation ITGR. DaVita, sporting a Zacks Rank #1 (Strong Buy), has an estimated long-term growth rate of 17.3%. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report QuidelOrtho Corporation (QDEL) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here. | The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 39.6%. Overdependence on Diagnostic Tests: A significant percentage of QuidelOrtho’s revenues comes from the sale of COVID-19 and influenza tests and these are expected to remain a significant portion of the company’s total revenues for at least in the near future. Click to get this free report DaVita Inc. (DVA) : Free Stock Analysis Report QuidelOrtho Corporation (QDEL) : Free Stock Analysis Report HealthEquity, Inc. (HQY) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report To read this article on Zacks.com click here. | Strong Q3 Results: QuidelOrtho’s robust third-quarter 2023 results buoy optimism. Overdependence on Diagnostic Tests: A significant percentage of QuidelOrtho’s revenues comes from the sale of COVID-19 and influenza tests and these are expected to remain a significant portion of the company’s total revenues for at least in the near future. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | af004431-e6ea-418d-a5de-52f50741b7ab |
710851.0 | 2023-12-16 00:00:00 UTC | Wall Street Analysts Think Lululemon (LULU) Is a Good Investment: Is It? | DCOMP | https://www.nasdaq.com/articles/wall-street-analysts-think-lululemon-lulu-is-a-good-investment%3A-is-it | nan | nan | The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Lululemon (LULU) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Lululemon currently has an average brokerage recommendation (ABR) of 1.48, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 28 brokerage firms. An ABR of 1.48 approximates between Strong Buy and Buy.
Of the 28 recommendations that derive the current ABR, 20 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 71.4% and 10.7% of all recommendations.
Brokerage Recommendation Trends for LULU
Check price target & stock forecast for Lululemon here>>>
While the ABR calls for buying Lululemon, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is LULU Worth Investing In?
Looking at the earnings estimate revisions for Lululemon, the Zacks Consensus Estimate for the current year has increased 2.1% over the past month to $12.38.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Lululemon. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Lululemon may serve as a useful guide for investors.
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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.
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
lululemon athletica inc. (LULU) : 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. | Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Lululemon may serve as a useful guide for investors. | Lululemon currently has an average brokerage recommendation (ABR) of 1.48, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. | Lululemon currently has an average brokerage recommendation (ABR) of 1.48, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. | Brokerage Recommendation Trends for LULU According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | d1df3a30-addb-40bc-8dd2-d207476ebcc0 |
710852.0 | 2023-12-16 00:00:00 UTC | US STOCKS-Wall St set to open higher as investors pin hopes on Fed rate cuts | DCOMP | https://www.nasdaq.com/articles/us-stocks-wall-st-set-to-open-higher-as-investors-pin-hopes-on-fed-rate-cuts | nan | nan | By Sruthi Shankar and Johann M Cherian
Dec 19 (Reuters) - Wall Street's main stock indexes were on track to open higher on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year.
The benchmark S&P 500 .SPXtrades just 1.2% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said last week the historic tightening of monetary policy is likely over.
Despite attempts by policymakers to temper the optimism since the meeting, traders have priced in a 74% chance of the Fed cutting rates by 25 basis points in March, as per the CME Group's FedWatch tool, and cuts of 143 bps by December 2024. FEDWATCH
The blue-chip Dow .DJI is set to secure a new all-time high, while the Nasdaq 100 .NDX is nearly 0.2% away from surpassing its record high hit in November 2021.
"I think as we get through the end of this year, the market has gotten quite expensive to look at from all levels and valuations at a time when earnings are just not there and earnings won't grow at least until probably the second quarter or even third quarter of next year," said Brian Klimke, chief market strategist at Cetera Investment Management.
Meanwhile, a Commerce Department report showed single-family homebuilding surged in November and could gain further momentum, with declining mortgage rates likely to draw potential buyers back into the housing market.
Later in the week investors await the final reading of third-quarter GDP and the monthly personal consumption expenditure index (PCE), the Fed's preferred inflation gauge.
San Francisco Fed President Mary Daly said on Monday that cuts to the U.S. central bank's benchmark rate are likely be appropriate next year because of an improvement in inflation this year, the Wall Street Journal reported.
Fed Atlanta President Raphael Bostic and Fed Chicago President Austan Goolsbee are scheduled to speak later in the day. Daly and Bostic are voting members in the FOMC's rate-setting committee next year.
Light trading volumes are expected to impact market moves in the run-up to the Christmas and New Year holidays.
Among single stocks, AccentureACN.Ndropped 2.6% after the IT services provider issued a downbeat second-quarter revenue forecast, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang.
BoeingBA.Ngained 0.1% after German airline Lufthansa LHAG.DE said it ordered 40 737-8 MAX jets from the plane maker and agreed to 60 future purchasing options.
Crypto stocks like CoinbaseCOIN.O Riot Platforms RIOT.O and Marathon Digital MARA.O added between 1.5% and 4.2% respectively as prices of the world's most valuable cryptocurrency, Bitcoin BTC=BTSP, ticked up.
PepsiCo PEP.O slipped 0.5% after J.P. Morgan downgraded the stock to "neutral" from "overweight", while AmgenAMGN.O rose 1.0% after BMO upgraded its rating on the drugmaker to "outperform" from "market perform".
Plug Power PLUG.O fell 4.1% after Piper Sandler downgraded the hydrogen fuel cell firm to "underweight".
(Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Maju Samuel)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Sruthi Shankar and Johann M Cherian Dec 19 (Reuters) - Wall Street's main stock indexes were on track to open higher on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year. The benchmark S&P 500 .SPXtrades just 1.2% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said last week the historic tightening of monetary policy is likely over. Meanwhile, a Commerce Department report showed single-family homebuilding surged in November and could gain further momentum, with declining mortgage rates likely to draw potential buyers back into the housing market. | By Sruthi Shankar and Johann M Cherian Dec 19 (Reuters) - Wall Street's main stock indexes were on track to open higher on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year. San Francisco Fed President Mary Daly said on Monday that cuts to the U.S. central bank's benchmark rate are likely be appropriate next year because of an improvement in inflation this year, the Wall Street Journal reported. (Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Maju Samuel) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Sruthi Shankar and Johann M Cherian Dec 19 (Reuters) - Wall Street's main stock indexes were on track to open higher on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year. The benchmark S&P 500 .SPXtrades just 1.2% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said last week the historic tightening of monetary policy is likely over. San Francisco Fed President Mary Daly said on Monday that cuts to the U.S. central bank's benchmark rate are likely be appropriate next year because of an improvement in inflation this year, the Wall Street Journal reported. | By Sruthi Shankar and Johann M Cherian Dec 19 (Reuters) - Wall Street's main stock indexes were on track to open higher on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year. The benchmark S&P 500 .SPXtrades just 1.2% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said last week the historic tightening of monetary policy is likely over. San Francisco Fed President Mary Daly said on Monday that cuts to the U.S. central bank's benchmark rate are likely be appropriate next year because of an improvement in inflation this year, the Wall Street Journal reported. | 2537531e-8055-45a5-8144-beeb10acb514 |
710853.0 | 2023-12-16 00:00:00 UTC | Is Chubb Limited (CB) Stock Undervalued Right Now? | DCOMP | https://www.nasdaq.com/articles/is-chubb-limited-cb-stock-undervalued-right-now-1 | nan | nan | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Chubb Limited (CB). CB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.71, while its industry has an average P/E of 25.41. Over the past year, CB's Forward P/E has been as high as 14.59 and as low as 9.96, with a median of 10.90.
Investors will also notice that CB has a PEG ratio of 1.07. 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. CB's PEG compares to its industry's average PEG of 2.39. Over the past 52 weeks, CB's PEG has been as high as 1.46 and as low as 1, with a median of 1.09.
If you're looking for another solid Insurance - Property and Casualty value stock, take a look at NMI (NMIH). NMIH is a # 2 (Buy) stock with a Value score of A.
NMI is trading at a forward earnings multiple of 7.16 at the moment, with a PEG ratio of 0.68. This compares to its industry's average P/E of 25.41 and average PEG ratio of 2.39.
NMIH's price-to-earnings ratio has been as high as 7.78 and as low as 5.35, with a median of 6.80, while its PEG ratio has been as high as 0.70 and as low as 0.63, with a median of 0.65, all within the past year.
Furthermore, NMI holds a P/B ratio of 1.32 and its industry's price-to-book ratio is 1.44. NMIH's P/B has been as high as 1.40, as low as 1.04, with a median of 1.23 over the past 12 months.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Chubb Limited and NMI are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, CB and NMIH feels like a great value stock at the moment.
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
Chubb Limited (CB) : Free Stock Analysis Report
NMI Holdings Inc (NMIH) : 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. | Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. 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." | CB's PEG compares to its industry's average PEG of 2.39. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Chubb Limited (CB) : Free Stock Analysis Report NMI Holdings Inc (NMIH) : Free Stock Analysis Report To read this article on Zacks.com click here. | NMIH is a # 2 (Buy) stock with a Value score of A. NMI is trading at a forward earnings multiple of 7.16 at the moment, with a PEG ratio of 0.68. NMIH's price-to-earnings ratio has been as high as 7.78 and as low as 5.35, with a median of 6.80, while its PEG ratio has been as high as 0.70 and as low as 0.63, with a median of 0.65, all within the past year. Click to get this free report Chubb Limited (CB) : Free Stock Analysis Report NMI Holdings Inc (NMIH) : Free Stock Analysis Report To read this article on Zacks.com click here. | NMIH is a # 2 (Buy) stock with a Value score of A. NMI is trading at a forward earnings multiple of 7.16 at the moment, with a PEG ratio of 0.68. NMIH's price-to-earnings ratio has been as high as 7.78 and as low as 5.35, with a median of 6.80, while its PEG ratio has been as high as 0.70 and as low as 0.63, with a median of 0.65, all within the past year. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 6bc62447-cc3c-42b7-b8f1-6fcb6f5ad334 |
710854.0 | 2023-12-16 00:00:00 UTC | Are Investors Undervaluing KT (KT) Right Now? | DCOMP | https://www.nasdaq.com/articles/are-investors-undervaluing-kt-kt-right-now-0 | nan | nan | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is KT (KT). KT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
Another notable valuation metric for KT is its P/B ratio of 0.48. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. KT's current P/B looks attractive when compared to its industry's average P/B of 1.26. Over the past 12 months, KT's P/B has been as high as 0.59 and as low as 0.39, with a median of 0.43.
Finally, we should also recognize that KT has a P/CF ratio of 1.84. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 3.50. Over the past year, KT's P/CF has been as high as 2.26 and as low as 1.56, with a median of 1.73.
Investors could also keep in mind TeliaSonera (TLSNY), an Wireless Non-US stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Shares of TeliaSonera currently holds a Forward P/E ratio of 15.44, and its PEG ratio is 0.29. In comparison, its industry sports average P/E and PEG ratios of 6.26 and 0.65.
Over the past year, TLSNY's P/E has been as high as 19.44, as low as 14.40, with a median of 16.32; its PEG ratio has been as high as 0.89, as low as 0.26, with a median of 2.02 during the same time period.
Additionally, TeliaSonera has a P/B ratio of 1.63 while its industry's price-to-book ratio sits at 1.26. For TLSNY, this valuation metric has been as high as 1.75, as low as 1.19, with a median of 1.51 over the past year.
These are only a few of the key metrics included in KT and TeliaSonera strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, KT and TLSNY look like an impressive value stock at the moment.
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
KT Corporation (KT) : Free Stock Analysis Report
TeliaSonera AB (TLSNY) : 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. | On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. 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 proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report KT Corporation (KT) : Free Stock Analysis Report TeliaSonera AB (TLSNY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Over the past year, TLSNY's P/E has been as high as 19.44, as low as 14.40, with a median of 16.32; its PEG ratio has been as high as 0.89, as low as 0.26, with a median of 2.02 during the same time period. Click to get this free report KT Corporation (KT) : Free Stock Analysis Report TeliaSonera AB (TLSNY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. One company to watch right now is KT (KT). Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 330eeb72-2546-44a0-b964-dc3a72c1eb04 |
710855.0 | 2023-12-16 00:00:00 UTC | Pre-Market Most Active for Dec 19, 2023 : BMY, SQQQ, NIO, UBS, TQQQ, UBER, NVDA, AAPL, GOTU, CAN, TSLA, PLTR | DCOMP | https://www.nasdaq.com/articles/pre-market-most-active-for-dec-19-2023-%3A-bmy-sqqq-nio-ubs-tqqq-uber-nvda-aapl-gotu-can | nan | nan | The NASDAQ 100 Pre-Market Indicator is up 10.13 to 16,739.93. The total Pre-Market volume is currently 34,708,820 shares traded.
The following are the most active stocks for the pre-market session:
Bristol-Myers Squibb Company (BMY) is +0.13 at $51.47, with 2,493,019 shares traded. BMY's current last sale is 85.78% of the target price of $60.
ProShares UltraPro Short QQQ (SQQQ) is -0.07 at $13.86, with 2,371,263 shares traded., following a 52-week high recorded in prior regular session.
NIO Inc. (NIO) is +0.16 at $8.51, with 2,030,567 shares traded. NIO's current last sale is 81.83% of the target price of $10.4.
UBS AG (UBS) is +0.9 at $30.10, with 1,688,120 shares traded. UBS's current last sale is 118.13% of the target price of $25.48.
ProShares UltraPro QQQ (TQQQ) is +0.29 at $50.56, with 1,511,601 shares traded., following a 52-week high recorded in prior regular session.
Uber Technologies, Inc. (UBER) is +0.0505 at $61.78, with 1,237,148 shares traded. As reported by Zacks, the current mean recommendation for UBER is in the "buy range".
NVIDIA Corporation (NVDA) is -6.67 at $494.10, with 1,110,574 shares traded. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2024. The consensus EPS forecast is $4.13. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
Apple Inc. (AAPL) is +0.86 at $196.75, with 1,018,616 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Gaotu Techedu Inc. (GOTU) is -0.23 at $3.50, with 827,804 shares traded. GOTU's current last sale is 152.17% of the target price of $2.3.
Canaan Inc. (CAN) is +0.19 at $2.39, with 816,633 shares traded. As reported by Zacks, the current mean recommendation for CAN is in the "strong buy range".
Tesla, Inc. (TSLA) is +0.82 at $252.90, with 758,351 shares traded. TSLA's current last sale is 101.16% of the target price of $250.
Palantir Technologies Inc. (PLTR) is +0.14 at $17.98, with 635,719 shares traded. PLTR's current last sale is 112.38% of the target price of $16.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ProShares UltraPro Short QQQ (SQQQ) is -0.07 at $13.86, with 2,371,263 shares traded., following a 52-week high recorded in prior regular session. ProShares UltraPro QQQ (TQQQ) is +0.29 at $50.56, with 1,511,601 shares traded., following a 52-week high recorded in prior regular session. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2024. | ProShares UltraPro Short QQQ (SQQQ) is -0.07 at $13.86, with 2,371,263 shares traded., following a 52-week high recorded in prior regular session. ProShares UltraPro QQQ (TQQQ) is +0.29 at $50.56, with 1,511,601 shares traded., following a 52-week high recorded in prior regular session. As reported by Zacks, the current mean recommendation for UBER is in the "buy range". | The total Pre-Market volume is currently 34,708,820 shares traded. NIO Inc. (NIO) is +0.16 at $8.51, with 2,030,567 shares traded. Uber Technologies, Inc. (UBER) is +0.0505 at $61.78, with 1,237,148 shares traded. | The following are the most active stocks for the pre-market session: BMY's current last sale is 85.78% of the target price of $60. NIO's current last sale is 81.83% of the target price of $10.4. | e96dceff-07d6-40f8-add2-4107a138c5d9 |
710856.0 | 2023-12-16 00:00:00 UTC | Is Vinci (VCISY) Stock Undervalued Right Now? | DCOMP | https://www.nasdaq.com/articles/is-vinci-vcisy-stock-undervalued-right-now-0 | nan | nan | Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Vinci (VCISY). VCISY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 13.32, while its industry has an average P/E of 16.89. Over the past 52 weeks, VCISY's Forward P/E has been as high as 14.41 and as low as 10.72, with a median of 12.60.
We should also highlight that VCISY has a P/B ratio of 2.23. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.36. Over the past year, VCISY's P/B has been as high as 2.35 and as low as 1.87, with a median of 2.13.
These are just a handful of the figures considered in Vinci's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that VCISY is an impressive value stock right now.
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
Vinci SA (VCISY) : 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. | But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. 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." | Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Vinci SA (VCISY) : 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. | Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Vinci SA (VCISY) : Free Stock Analysis Report To read this article on Zacks.com click here. | But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | acf37762-99e6-41df-a620-69e400f51012 |
710857.0 | 2023-12-16 00:00:00 UTC | Is Cabot (CBT) a Great Value Stock Right Now? | DCOMP | https://www.nasdaq.com/articles/is-cabot-cbt-a-great-value-stock-right-now | nan | nan | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Cabot (CBT) is a stock many investors are watching right now. CBT is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 12.36, which compares to its industry's average of 14.71. Over the past year, CBT's Forward P/E has been as high as 13.25 and as low as 10.29, with a median of 11.31.
Finally, investors will want to recognize that CBT has a P/CF ratio of 7.78. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. CBT's current P/CF looks attractive when compared to its industry's average P/CF of 8.88. Within the past 12 months, CBT's P/CF has been as high as 11.40 and as low as 6.25, with a median of 8.64.
Value investors will likely look at more than just these metrics, but the above data helps show that Cabot is likely undervalued currently. And when considering the strength of its earnings outlook, CBT sticks out at as one of the market's strongest value stocks.
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
Cabot Corporation (CBT) : 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. | On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. 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 proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Cabot Corporation (CBT) : Free Stock Analysis Report To read this article on Zacks.com click here. | On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Cabot Corporation (CBT) : Free Stock Analysis Report To read this article on Zacks.com click here. | The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | b17b474e-91c5-4abe-9d46-435158b6c43b |
710858.0 | 2023-12-16 00:00:00 UTC | Are Investors Undervaluing Omnicom Group (OMC) Right Now? | DCOMP | https://www.nasdaq.com/articles/are-investors-undervaluing-omnicom-group-omc-right-now | nan | nan | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Omnicom Group (OMC). OMC is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Another valuation metric that we should highlight is OMC's P/B ratio of 4.54. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 11.35. Over the past year, OMC's P/B has been as high as 5.32 and as low as 3.79, with a median of 4.71.
Finally, investors will want to recognize that OMC has a P/CF ratio of 10.76. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. OMC's current P/CF looks attractive when compared to its industry's average P/CF of 10.96. Over the past year, OMC's P/CF has been as high as 12.48 and as low as 8.98, with a median of 11.24.
Value investors will likely look at more than just these metrics, but the above data helps show that Omnicom Group is likely undervalued currently. And when considering the strength of its earnings outlook, OMC sticks out at as one of the market's strongest value stocks.
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
Omnicom Group Inc. (OMC) : 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. | On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. 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." | Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Omnicom Group Inc. (OMC) : 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. | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Click to get this free report Omnicom Group Inc. (OMC) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. Value investors will likely look at more than just these metrics, but the above data helps show that Omnicom Group is likely undervalued currently. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 2fefc4f1-5203-4489-b72c-a86ce10b1eca |
710859.0 | 2023-12-16 00:00:00 UTC | Should Value Investors Buy KNOT Offshore Partners (KNOP) Stock? | DCOMP | https://www.nasdaq.com/articles/should-value-investors-buy-knot-offshore-partners-knop-stock-0 | nan | nan | Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
KNOT Offshore Partners (KNOP) is a stock many investors are watching right now. KNOP is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. KNOP has a P/S ratio of 0.7. This compares to its industry's average P/S of 1.19.
Finally, investors should note that KNOP has a P/CF ratio of 2.21. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. KNOP's P/CF compares to its industry's average P/CF of 5.24. Within the past 12 months, KNOP's P/CF has been as high as 2.52 and as low as 1.02, with a median of 1.85.
Investors could also keep in mind Teekay Tankers (TNK), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Teekay Tankers is trading at a forward earnings multiple of 5.90 at the moment, with a PEG ratio of 1.97. This compares to its industry's average P/E of 6.08 and average PEG ratio of 0.70.
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
KNOT Offshore Partners LP (KNOP) : Free Stock Analysis Report
Teekay Tankers Ltd. (TNK) : 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. | Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. 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." | Investors could also keep in mind Teekay Tankers (TNK), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A. Teekay Tankers is trading at a forward earnings multiple of 5.90 at the moment, with a PEG ratio of 1.97. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report KNOT Offshore Partners LP (KNOP) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Investors could also keep in mind Teekay Tankers (TNK), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A. Teekay Tankers is trading at a forward earnings multiple of 5.90 at the moment, with a PEG ratio of 1.97. Click to get this free report KNOT Offshore Partners LP (KNOP) : Free Stock Analysis Report Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. KNOP has a P/S ratio of 0.7. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 561dfd23-8eb7-4ac6-a901-3e075a87c9d3 |
710860.0 | 2023-12-16 00:00:00 UTC | Is D S SMITH (DITHF) Stock Undervalued Right Now? | DCOMP | https://www.nasdaq.com/articles/is-d-s-smith-dithf-stock-undervalued-right-now | nan | nan | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is D S SMITH (DITHF). DITHF is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 7.99, while its industry has an average P/E of 11.54. Over the past year, DITHF's Forward P/E has been as high as 8.84 and as low as 7.57, with a median of 8.08.
Investors should also recognize that DITHF has a P/B ratio of 0.87. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.19. Over the past 12 months, DITHF's P/B has been as high as 0.95 and as low as 0.86, with a median of 0.87.
Another great Paper and Related Products stock you could consider is Klabin (KLBAY), which is a # 2 (Buy) stock with a Value Score of A.
Shares of Klabin are currently trading at a forward earnings multiple of 5.18 and a PEG ratio of 0.83 compared to its industry's P/E and PEG ratios of 11.54 and 1.67, respectively.
Over the last 12 months, KLBAY's P/E has been as high as 10.13, as low as 3.60, with a median of 5.94, and its PEG ratio has been as high as 1.91, as low as 0.18, with a median of 1.12.
Klabin sports a P/B ratio of 2.77 as well; this compares to its industry's price-to-book ratio of 2.19. In the past 52 weeks, KLBAY's P/B has been as high as 2.98, as low as 2.02, with a median of 2.30.
Value investors will likely look at more than just these metrics, but the above data helps show that D S SMITH and Klabin are likely undervalued currently. And when considering the strength of its earnings outlook, DITHF and KLBAY sticks out as one of the market's strongest value stocks.
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
D S SMITH (DITHF) : Free Stock Analysis Report
Klabin SA (KLBAY) : 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. | Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. 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." | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report D S SMITH (DITHF) : Free Stock Analysis Report Klabin SA (KLBAY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Another great Paper and Related Products stock you could consider is Klabin (KLBAY), which is a # 2 (Buy) stock with a Value Score of A. Click to get this free report D S SMITH (DITHF) : Free Stock Analysis Report Klabin SA (KLBAY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Investors should also recognize that DITHF has a P/B ratio of 0.87. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | d8ea989e-5fa0-40bf-a32b-637d04818441 |
710861.0 | 2023-12-16 00:00:00 UTC | Is Heidrick & Struggles International (HSII) Stock Undervalued Right Now? | DCOMP | https://www.nasdaq.com/articles/is-heidrick-struggles-international-hsii-stock-undervalued-right-now | nan | nan | While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Heidrick & Struggles International (HSII). HSII is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 9.32, while its industry has an average P/E of 16.82. Over the past 52 weeks, HSII's Forward P/E has been as high as 14.95 and as low as 7.23, with a median of 9.79.
Investors should also recognize that HSII has a P/B ratio of 1.29. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.42. Over the past year, HSII's P/B has been as high as 1.69 and as low as 1.05, with a median of 1.27.
Finally, our model also underscores that HSII has a P/CF ratio of 8.03. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. HSII's P/CF compares to its industry's average P/CF of 11.64. Over the past year, HSII's P/CF has been as high as 8.20 and as low as 5.56, with a median of 7.
Another great Staffing Firms stock you could consider is KornFerry International (KFY), which is a # 2 (Buy) stock with a Value Score of A.
KornFerry International also has a P/B ratio of 1.84 compared to its industry's price-to-book ratio of 2.42. Over the past year, its P/B ratio has been as high as 1.90, as low as 1.38, with a median of 1.62.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Heidrick & Struggles International and KornFerry International are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, HSII and KFY feels like a great value stock at the moment.
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
Heidrick & Struggles International, Inc. (HSII) : Free Stock Analysis Report
Korn/Ferry International (KFY) : 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. | Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. 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." | Another great Staffing Firms stock you could consider is KornFerry International (KFY), which is a # 2 (Buy) stock with a Value Score of A. KornFerry International also has a P/B ratio of 1.84 compared to its industry's price-to-book ratio of 2.42. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Heidrick & Struggles International, Inc. (HSII) : Free Stock Analysis Report Korn/Ferry International (KFY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Another great Staffing Firms stock you could consider is KornFerry International (KFY), which is a # 2 (Buy) stock with a Value Score of A. KornFerry International also has a P/B ratio of 1.84 compared to its industry's price-to-book ratio of 2.42. Click to get this free report Heidrick & Struggles International, Inc. (HSII) : Free Stock Analysis Report Korn/Ferry International (KFY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Another great Staffing Firms stock you could consider is KornFerry International (KFY), which is a # 2 (Buy) stock with a Value Score of A. KornFerry International also has a P/B ratio of 1.84 compared to its industry's price-to-book ratio of 2.42. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | d8447802-a958-48fc-9d17-318169796c76 |
710862.0 | 2023-12-16 00:00:00 UTC | 2 Electric Vehicle Stocks You Can Buy Right Now Before They Surge Even Higher | DCOMP | https://www.nasdaq.com/articles/2-electric-vehicle-stocks-you-can-buy-right-now-before-they-surge-even-higher | nan | nan | The adoption of electric vehicles (EVs) stands out as one of the most unmistakable trends in today's landscape of technological advancements. With analysts projecting that by 2030, two out of every three cars sold globally will be an EV, investing in the industry holds serious potential.
But that doesn't mean just any EV company deserves a spot in your portfolio. When it comes to EV manufacturers, there are plenty of pretenders and just a few legitimate contenders. For investors looking to grab shares of the best the industry has to offer, it's time to break down why Tesla (NASDAQ: TSLA) and BYD (OTC: BYDDY) are deserving candidates to consider now.
Image source: Getty Images.
The reigning EV champ brings more to the table
Over the past decade, few other companies have pushed the EV industry forward like Tesla. Its perfection of the supply chain has helped Tesla become synonymous with EVs and the world's most valuable automaker.
Tesla's long-term valuation is straightforward to recognize from an EV angle. It produces more electric cars per year than any other company and continues to increase its capacity. With construction slated to begin at a new factory in Mexico in 2024 and potential locations in Thailand and India, Tesla's reach is truly becoming global.
Yet, Tesla's most attractive long-term growth aspect might be related to something other than EVs. Tesla's historic success has helped it build formidable financial strength that allows it to invest in research and development of new technologies, a luxury other automakers can't afford. With $26 billion in cash and equivalents, the company is busy refining cutting-edge technology such as autonomous driving, artificial intelligence, and its humanoid robot, Optimus.
Each of these endeavors alone holds the promise to generate significant future revenue, yet Tesla should benefit from all three. As a clear beneficiary of EV adoption, plus its role in advancing technology that sounds like it is out of a sci-fi movie, few other companies hold as much long-term potential as Tesla.
A serious challenger gaining momentum
While Tesla has enjoyed a comfortable lead at the top of the EV industry, the gap is closing. On its heels is China's leading auto manufacturer, BYD. Founded initially as a battery producer in the 1990s, BYD has leveraged this expertise to solve the most challenging aspect of the EV supply chain.
The company boasts an impressive vertically integrated business model that manufactures almost all components, not just batteries, entirely in-house. Add it all up, and what usually takes the average automaker around four years from start to finish takes BYD just 18 months. Not to mention, BYD can sell cars for as low as $11,000.
Over the last year, BYD's total production has increased by more than 75%, profits have risen by nearly 142%, and margins are now better than Tesla's. This type of growth can be difficult to maintain, but by all accounts, it looks like it will continue.
Drawing on its success in the highly competitive Chinese market, BYD is now setting its sights on expanding operations internationally. The company has already established a significant presence in several Asian-Pacific countries, including Japan, India, Malaysia, Australia, and Singapore, and is actively pursuing plans to strengthen its market position in the region.
Moreover, BYD is expanding into emerging markets by constructing new factories in Brazil and Thailand. The company also recently commenced deliveries in Mexico as part of its broader focus on Latin America. With a diverse range of vehicles available at low price points, BYD is well-positioned for success in various markets worldwide, a problem that Tesla has yet to solve fully.
While it's true that Tesla has an edge in terms of technological advancements, don't count out BYD. With a business model that's nothing short of impressive and plans to solidify its presence abroad, it's hard not to see the potential for long-term success. In fact, it wouldn't be all that surprising if BYD eventually emerged as the leading electric vehicle manufacturer one day.
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RJ Fulton has positions in Tesla. The Motley Fool has positions in and recommends BYD and Tesla. 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. | Tesla's historic success has helped it build formidable financial strength that allows it to invest in research and development of new technologies, a luxury other automakers can't afford. As a clear beneficiary of EV adoption, plus its role in advancing technology that sounds like it is out of a sci-fi movie, few other companies hold as much long-term potential as Tesla. The company has already established a significant presence in several Asian-Pacific countries, including Japan, India, Malaysia, Australia, and Singapore, and is actively pursuing plans to strengthen its market position in the region. | Founded initially as a battery producer in the 1990s, BYD has leveraged this expertise to solve the most challenging aspect of the EV supply chain. In fact, it wouldn't be all that surprising if BYD eventually emerged as the leading electric vehicle manufacturer one day. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market. | The reigning EV champ brings more to the table Over the past decade, few other companies have pushed the EV industry forward like Tesla. As a clear beneficiary of EV adoption, plus its role in advancing technology that sounds like it is out of a sci-fi movie, few other companies hold as much long-term potential as Tesla. With a diverse range of vehicles available at low price points, BYD is well-positioned for success in various markets worldwide, a problem that Tesla has yet to solve fully. | With analysts projecting that by 2030, two out of every three cars sold globally will be an EV, investing in the industry holds serious potential. It produces more electric cars per year than any other company and continues to increase its capacity. As a clear beneficiary of EV adoption, plus its role in advancing technology that sounds like it is out of a sci-fi movie, few other companies hold as much long-term potential as Tesla. | bf0f9156-f243-4143-a294-b41554a04674 |
710863.0 | 2023-12-16 00:00:00 UTC | Baidu Inc. (BIDU) Is Considered a Good Investment by Brokers: Is That True? | DCOMP | https://www.nasdaq.com/articles/baidu-inc.-bidu-is-considered-a-good-investment-by-brokers%3A-is-that-true-0 | nan | nan | When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Baidu Inc. (BIDU) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Baidu Inc. currently has an average brokerage recommendation (ABR) of 1.03, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.03 approximates between Strong Buy and Buy.
Of the 15 recommendations that derive the current ABR, 14 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 93.3% and 6.7% of all recommendations.
Brokerage Recommendation Trends for BIDU
Check price target & stock forecast for Baidu Inc. here>>>
The ABR suggests buying Baidu Inc., but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is BIDU Worth Investing In?
Looking at the earnings estimate revisions for Baidu Inc., the Zacks Consensus Estimate for the current year has increased 11.3% over the past month to $11.20.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Baidu Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Baidu Inc. may serve as a useful guide for investors.
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
Baidu, Inc. (BIDU) : 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 of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. | According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Click to get this free report Baidu, Inc. (BIDU) : Free Stock Analysis Report To read this article on Zacks.com click here. | Baidu Inc. currently has an average brokerage recommendation (ABR) of 1.03, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Baidu Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Baidu Inc. may serve as a useful guide for investors. | According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Baidu Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for Baidu Inc. may serve as a useful guide for investors. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 19feb8b5-20b3-4a81-9e88-050a2aabc34f |
710864.0 | 2023-12-16 00:00:00 UTC | Should You Invest in CVS Health (CVS) Based on Bullish Wall Street Views? | DCOMP | https://www.nasdaq.com/articles/should-you-invest-in-cvs-health-cvs-based-on-bullish-wall-street-views | nan | nan | When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about CVS Health (CVS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
CVS Health currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 21 brokerage firms. An ABR of 1.60 approximates between Strong Buy and Buy.
Of the 21 recommendations that derive the current ABR, 13 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 61.9% and 14.3% of all recommendations.
Brokerage Recommendation Trends for CVS
Check price target & stock forecast for CVS Health here>>>
The ABR suggests buying CVS Health, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is CVS Worth Investing In?
Looking at the earnings estimate revisions for CVS Health, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $8.59.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for CVS Health. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for CVS Health.
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
CVS Health Corporation (CVS) : 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. | Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for CVS Health. | According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Click to get this free report CVS Health Corporation (CVS) : Free Stock Analysis Report To read this article on Zacks.com click here. | CVS Health currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for CVS Health. | According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | c018b525-721d-4e9b-8e02-409613589a94 |
710865.0 | 2023-12-16 00:00:00 UTC | Is It Worth Investing in ASML (ASML) Based on Wall Street's Bullish Views? | DCOMP | https://www.nasdaq.com/articles/is-it-worth-investing-in-asml-asml-based-on-wall-streets-bullish-views-2 | nan | nan | The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about ASML (ASML).
ASML currently has an average brokerage recommendation (ABR) of 1.57, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 14 brokerage firms. An ABR of 1.57 approximates between Strong Buy and Buy.
Of the 14 recommendations that derive the current ABR, 10 are Strong Buy, representing 71.4% of all recommendations.
Brokerage Recommendation Trends for ASML
Check price target & stock forecast for ASML here>>>
While the ABR calls for buying ASML, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in ASML?
Looking at the earnings estimate revisions for ASML, the Zacks Consensus Estimate for the current year has increased 0.4% over the past month to $20.69.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for ASML. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for ASML may serve as a useful guide for investors.
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
ASML Holding N.V. (ASML) : 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. | But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for ASML may serve as a useful guide for investors. | ASML currently has an average brokerage recommendation (ABR) of 1.57, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. | ASML currently has an average brokerage recommendation (ABR) of 1.57, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for ASML may serve as a useful guide for investors. | Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for ASML may serve as a useful guide for investors. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | dbf179d6-86d0-4920-93ec-31ce940a01dc |
710866.0 | 2023-12-16 00:00:00 UTC | Compared to Estimates, FactSet (FDS) Q1 Earnings: A Look at Key Metrics | DCOMP | https://www.nasdaq.com/articles/compared-to-estimates-factset-fds-q1-earnings%3A-a-look-at-key-metrics | nan | nan | For the quarter ended November 2023, FactSet Research (FDS) reported revenue of $542.22 million, up 7.4% over the same period last year. EPS came in at $4.12, compared to $3.99 in the year-ago quarter.
The reported revenue represents a surprise of +0.15% over the Zacks Consensus Estimate of $541.4 million. With the consensus EPS estimate being $4.10, the EPS surprise was +0.49%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 FactSet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Annual Subscription Value: $2.18 billion compared to the $2.15 billion average estimate based on four analysts.
Total Users: 207,083 compared to the 193,170 average estimate based on three analysts.
Total Clients: 7,945 compared to the 8,160 average estimate based on three analysts.
ASV from buy-side clients: 82% versus the two-analyst average estimate of 82.1%.
ASV - Domestic: $1.40 billion versus the two-analyst average estimate of $1.37 billion.
Revenues from clients- US: 348.3 million compared to the 351.07 million average estimate based on three analysts. The reported number represents a change of +7.7% year over year.
Revenues from clients- International: 193.9 million versus 195.8 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
Revenues from clients- EMEA: $139.60 million versus the two-analyst average estimate of $137.79 million.
Revenues from clients- Asia Pacific: $54.30 million compared to the $54.50 million average estimate based on two analysts.
View all Key Company Metrics for FactSet here>>>
Shares of FactSet have returned +0.5% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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
FactSet Research Systems Inc. (FDS) : 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. | While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. 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." | 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 FactSet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total Annual Subscription Value: $2.18 billion compared to the $2.15 billion average estimate based on four analysts. Click to get this free report FactSet Research Systems Inc. (FDS) : Free Stock Analysis Report To read this article on Zacks.com click here. | Here is how FactSet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total Annual Subscription Value: $2.18 billion compared to the $2.15 billion average estimate based on four analysts. Revenues from clients- US: 348.3 million compared to the 351.07 million average estimate based on three analysts. Revenues from clients- Asia Pacific: $54.30 million compared to the $54.50 million average estimate based on two analysts. | For the quarter ended November 2023, FactSet Research (FDS) reported revenue of $542.22 million, up 7.4% over the same period last year. Here is how FactSet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total Annual Subscription Value: $2.18 billion compared to the $2.15 billion average estimate based on four analysts. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 66799f98-4b6c-4a4b-a928-5854f6cd0a4e |
710867.0 | 2023-12-16 00:00:00 UTC | Can Costco Stock Reach $1,000 in 2024? | DCOMP | https://www.nasdaq.com/articles/can-costco-stock-reach-%241000-in-2024 | nan | nan | Costco Wholesale (NASDAQ: COST), a thriving business that has flown under the radar this year due to the intense focus on tech and artificial intelligence, just reported its fiscal 2024 first quarter (ended Nov. 26) financial results. And it seems like the market came away impressed.
Shares have crushed the S&P 500 in 2023, up 44%. This continues a long history of outsized returns for investors. But we have our sights set on the future.
Can this top retail stock reach $1,000 per share by the end of 2024? Let's see if this hypothetical 52% gain (from the price on Dec. 15) is a real possibility in the next 12 months.
Costco's momentum continues
In the most recent fiscal quarter, Costco was able to increase net sales by 6.1% on a year-over-year basis to $56.7 billion. Diluted earnings per share jumped 16.6% compared to Q1 2023. These headline figures beat Wall Street expectations.
CFO Richard Galanti mentioned on the Q1 2024 earnings call that "fresh foods were relatively strong" in the quarter, and that "non-food showed improvement." This demonstrates the broad-based appeal Costco has for its customer base.
It's also very encouraging that foot traffic positively surprised executives to the upside. This is a sign that shoppers are turning to Costco as a top destination during a busy holiday season.
The company ended the quarter with 72 million membership households, up 7.6% from last year. These fees brought in just under $1.1 billion in revenue.
These were all strong results, but I think investors were most pleased with the management team announcing a special $15 dividend. Costco is known for approving hefty one-time payouts like this on an occasional basis. The last one was in December 2020 for $10 a share.
Expectations might be too high
There's absolutely no question that this is one of the best businesses around. Costco focuses on taking care of customers with low prices, great service, and a wonderful shopping experience. The company's huge scale makes it hard for other retailers to compete. And by operating a membership-based model, the business generates a high-margin and sticky recurring revenue stream.
The share's monumental historical performance proves this point. Only a business that has strong fundamentals can reward investors like Costco has.
However, as we look out for 12 months, I believe it's unrealistic for the stock to hit $1,000 by the end of 2024. There are two reasons I feel confident about this perspective.
The first one is due to Costco's already massive scale. This is the world's third largest retailer, with 871 warehouses and fiscal 2023 revenue of $238 billion. To be fair, more locations are being opened, and there is sizable opportunity in China. But I believe revenue and earnings growth going forward will be less stellar than what was registered in the past.
The other factor deals with the current valuation. As of this writing, shares trade at a price-to-earnings (P/E) ratio of 46.5. That's significantly higher than what it was at the start of this year. And it represents a meaningful premium to the stock's trailing one-, three-, five-, and 10-year average P/E multiples. Maybe investors view this business as a safe haven during what has been an uncertain economic backdrop.
Costco's steep valuation is the key reason why I don't own this stock right now. The vast majority of the stock's impressive run in 2023 is attributed to a 35% expansion in the P/E ratio.
Nonetheless, I can see why some investors who prioritize quality, reliability, and predictability over the current valuation might still be inclined to own the stock. If this sounds like you, just don't expect a $1,000 price target to be achieved next year. And make sure you plan to buy and hold for many years.
Should you invest $1,000 in Costco Wholesale right now?
Before you buy stock in Costco Wholesale, consider this:
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Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. 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. | Costco Wholesale (NASDAQ: COST), a thriving business that has flown under the radar this year due to the intense focus on tech and artificial intelligence, just reported its fiscal 2024 first quarter (ended Nov. 26) financial results. CFO Richard Galanti mentioned on the Q1 2024 earnings call that "fresh foods were relatively strong" in the quarter, and that "non-food showed improvement." Costco focuses on taking care of customers with low prices, great service, and a wonderful shopping experience. | Costco's momentum continues In the most recent fiscal quarter, Costco was able to increase net sales by 6.1% on a year-over-year basis to $56.7 billion. Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Patel has no position in any of the stocks mentioned. | Costco Wholesale (NASDAQ: COST), a thriving business that has flown under the radar this year due to the intense focus on tech and artificial intelligence, just reported its fiscal 2024 first quarter (ended Nov. 26) financial results. Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Neil Patel has no position in any of the stocks mentioned. | Can this top retail stock reach $1,000 per share by the end of 2024? Costco's steep valuation is the key reason why I don't own this stock right now. Before you buy stock in Costco Wholesale, 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 Costco Wholesale wasn't one of them. | 3b704afd-cb8c-42dd-9ee0-0315bb375f42 |
710868.0 | 2023-12-16 00:00:00 UTC | Here's What Key Metrics Tell Us About Accenture (ACN) Q1 Earnings | DCOMP | https://www.nasdaq.com/articles/heres-what-key-metrics-tell-us-about-accenture-acn-q1-earnings | nan | nan | For the quarter ended November 2023, Accenture (ACN) reported revenue of $16.22 billion, up 3% over the same period last year. EPS came in at $3.27, compared to $3.08 in the year-ago quarter.
The reported revenue represents a surprise of -0.05% over the Zacks Consensus Estimate of $16.23 billion. With the consensus EPS estimate being $3.14, the EPS surprise was +4.14%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Accenture performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
New Bookings - Total: $18.45 billion compared to the $17.75 billion average estimate based on two analysts.
New Bookings - Managed Services: $9.83 billion compared to the $9.02 billion average estimate based on two analysts.
New Bookings - Consulting: $8.62 billion compared to the $8.73 billion average estimate based on two analysts.
Geographic Revenue- North America: $7.56 billion versus the three-analyst average estimate of $7.93 billion. The reported number represents a year-over-year change of -0.8%.
Geographic Revenue- Growth Markets: $2.86 billion versus the three-analyst average estimate of $2.98 billion. The reported number represents a year-over-year change of -6.4%.
Geographic Revenue- Europe: $5.80 billion compared to the $5.26 billion average estimate based on three analysts. The reported number represents a change of +14.4% year over year.
Revenue- Type of Work- Consulting: $8.46 billion versus $8.36 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.1% change.
Revenue- Type of Work- Managed Services: $7.77 billion versus the four-analyst average estimate of $7.90 billion. The reported number represents a year-over-year change of +6.4%.
Revenue- Industry Groups- Product: $4.86 billion compared to the $4.88 billion average estimate based on three analysts. The reported number represents a change of +4.2% year over year.
Revenue- Industry Groups- Health & Public Service: $3.38 billion versus $3.23 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.6% change.
Revenue- Industry Groups- Financial services: $3.03 billion versus $3.01 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
Revenue- Industry Groups- Communications, Media & Technology: $2.67 billion versus $2.79 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.4% change.
View all Key Company Metrics for Accenture here>>>
Shares of Accenture have returned +3.3% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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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Accenture PLC (ACN) : 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. | While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. 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." | Here is how Accenture performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: New Bookings - Total: $18.45 billion compared to the $17.75 billion average estimate based on two analysts. New Bookings - Managed Services: $9.83 billion compared to the $9.02 billion average estimate based on two analysts. Geographic Revenue- Growth Markets: $2.86 billion versus the three-analyst average estimate of $2.98 billion. | Here is how Accenture performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: New Bookings - Total: $18.45 billion compared to the $17.75 billion average estimate based on two analysts. Geographic Revenue- Europe: $5.80 billion compared to the $5.26 billion average estimate based on three analysts. Revenue- Industry Groups- Product: $4.86 billion compared to the $4.88 billion average estimate based on three analysts. | Here is how Accenture performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: New Bookings - Total: $18.45 billion compared to the $17.75 billion average estimate based on two analysts. Geographic Revenue- Growth Markets: $2.86 billion versus the three-analyst average estimate of $2.98 billion. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 03d6889c-fbeb-4c9c-911d-622549da8296 |
710869.0 | 2023-12-16 00:00:00 UTC | FuelCell Energy (FCEL) Reports Q4 Earnings: What Key Metrics Have to Say | DCOMP | https://www.nasdaq.com/articles/fuelcell-energy-fcel-reports-q4-earnings%3A-what-key-metrics-have-to-say | nan | nan | FuelCell Energy (FCEL) reported $22.46 million in revenue for the quarter ended October 2023, representing a year-over-year decline of 42.7%. EPS of -$0.07 for the same period compares to -$0.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $26.11 million, representing a surprise of -13.97%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being -$0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how FuelCell Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Generation: $8.53 million versus the two-analyst average estimate of $10.16 million.
Revenues- Advanced Technologies: $4.27 million versus $5.63 million estimated by two analysts on average.
Revenues- Service: -$0.83 million versus the two-analyst average estimate of $9.58 million.
View all Key Company Metrics for FuelCell Energy here>>>
Shares of FuelCell Energy have returned +23.4% 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 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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FuelCell Energy, Inc. (FCEL) : 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. | FuelCell Energy (FCEL) reported $22.46 million in revenue for the quarter ended October 2023, representing a year-over-year decline of 42.7%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. 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 reported revenue compares to the Zacks Consensus Estimate of $26.11 million, representing a surprise of -13.97%. Here is how FuelCell Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Generation: $8.53 million versus the two-analyst average estimate of $10.16 million. Revenues- Service: -$0.83 million versus the two-analyst average estimate of $9.58 million. | The reported revenue compares to the Zacks Consensus Estimate of $26.11 million, representing a surprise of -13.97%. Here is how FuelCell Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Generation: $8.53 million versus the two-analyst average estimate of $10.16 million. Click to get this free report FuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report To read this article on Zacks.com click here. | The reported revenue compares to the Zacks Consensus Estimate of $26.11 million, representing a surprise of -13.97%. Here is how FuelCell Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Generation: $8.53 million versus the two-analyst average estimate of $10.16 million. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 5edc6404-bb59-443a-8864-abad07600f75 |
710870.0 | 2023-12-16 00:00:00 UTC | Kroger (KR) Crossed Above the 50-Day Moving Average: What That Means for Investors | DCOMP | https://www.nasdaq.com/articles/kroger-kr-crossed-above-the-50-day-moving-average%3A-what-that-means-for-investors | nan | nan | After reaching an important support level, Kroger (KR) could be a good stock pick from a technical perspective. KR surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important.
KR has rallied 6.1% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests KR could be on the verge of another move higher.
The bullish case solidifies once investors consider KR's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 7 higher, while the consensus estimate has increased too.
Investors may want to watch KR for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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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The Kroger Co. (KR) : 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. | Investors may want to watch KR for more gains in the near future given the company's key technical level and positive earnings estimate revisions. 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." | After reaching an important support level, Kroger (KR) could be a good stock pick from a technical perspective. Investors may want to watch KR for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | After reaching an important support level, Kroger (KR) could be a good stock pick from a technical perspective. Investors may want to watch KR for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Click to get this free report The Kroger Co. (KR) : Free Stock Analysis Report To read this article on Zacks.com click here. | KR surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. The bullish case solidifies once investors consider KR's positive earnings estimate revisions. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | fc7463da-303f-4f3c-998d-a41648a6216a |
710871.0 | 2023-12-16 00:00:00 UTC | 5 Generative AI Stocks That Could be Worth Watching in 2024 | DCOMP | https://www.nasdaq.com/articles/5-generative-ai-stocks-that-could-be-worth-watching-in-2024 | nan | nan | The generative AI space is heating up with the major players taking more and more interest in it. Moreover, the influx of generative AI-powered chatbots, especially ChatGPT by Microsoft MSFT backed startup OpenAI, which took the world by storm in 2023, is expected to continue aiding the generative AI boom in the days ahead.
The ability to interact with humans, respond to questions asked in various languages, generate content, classify data and perform coding on the back of large language models (LLM) remains the main reason behind the solid adoption of these chatbots.
Apart from chatbots, the growing proliferation of generative AI infrastructure as a service that is used for training LLMs and specialized generative AI assistant software, on the back of which, generative AI is set to unleash the next wave of productivity, remains a major positive.
Additionally, the rising demand for generative AI-based cloud solutions, which are designed to make business operations and workflow more efficient, is a plus. Moreover, hyperscalers and large cloud software companies are embracing these solutions to strengthen product portfolios and monetize incrementally.
Strengthening Growth Prospects
Given the aforementioned facts, the underlined technology is set to become essential for various industries like IT services, semiconductor, advertisement, hardware and cloud.
This gives us an idea that the generative AI market is set to experience an explosion of growth in the coming years.
A Fortune Business Insights report shows that the global generative AI market size is expected to reach $667.96 billion by 2030, seeing a CAGR of 47.5% between 2023 and 2030.
Per a report from Bloomberg Intelligence, this particular market is set to hit $1.3 trillion by 2032, by witnessing a CAGR of 42% between 2022 to 2032.
Coming to worldwide spending, an IDC report indicates that enterprise spending on generative AI solutions is set to hit $16 billion in 2023 and reach $143 billion by 2027, registering a CAGR of 73.3% over the 2023-2027 period.
Here, we have focused on tech stocks like Microsoft, Amazon AMZN, Alphabet GOOGL, Adobe ADBE and Meta Platforms META, which are poised to gain well in 2024 from their heavy investments in generative AI.
Year-to-Date Performance
Image Source: Zacks Investment Research
Microsoft, which has gained 56.8% on a year-to-date basis, is being propelled by the success of ChatGPT. It is continuously making significant strides by integrating OpenAI's latest LLM, GPT-4, into its Bing search engine and Edge browser. Additionally, Microsoft Azure provides the Azure OpenAI Service, facilitating the seamless application of LLMs and generative AI techniques across various applications.
Further, this Zacks Rank #3 (Hold) company recently announced OpenAI's DALL-E 3 AI image-synthesis model, fully integrated with ChatGPT, which challenges previous models by rendering images with complex descriptions and handling in-image text generation.
Additionally, the launch of enterprise capabilities of Azure OpenAI and Copilots across Microsoft 365, Dynamics 365 and Power Platform is expected to be a game changer.
The Zacks Consensus Estimate for fiscal 2024 revenues is pegged at $242.31 billion, indicating 14.3% growth from fiscal 2023. The consensus estimate for fiscal 2024 earnings stands at $11.13 per share, up 13.5% from the year-ago actual figure.
Amazon, which currently sports a Zacks Rank #1 (Strong Buy), is leaving no stone unturned to bolster its generative AI capabilities. It recently announced the general availability of its fully managed service called Amazon Bedrock, which provides seamless access to high-performing foundation models (“FM”) from AI companies through an API.
The company also made the Amazon Titan Embeddings model generally available. It added Meta’s Llama 2 to Amazon Bedrock as a new model, which will be available through API. You can see the complete list of today’s Zacks #1 Rank stocks here.
The e-commerce giant’s investment plans in Anthropic remain noteworthy. Amazon will invest $4 billion to acquire a minority stake in Anthropic. This investment will allow AWS to provide access to Anthropic’s future FMs to its customers. These FMs will be available through Amazon Bedrock.
Further, it recently extended its partnership with NVIDIA to offer NVIDIA GH200 Grace Hopper Superchips, and host NVIDIA DGX Cloud on Amazon Web Services (AWS) for accelerating the training of generative AI and large language models.
Notably, AMZN has gained 83.5% year to date. The Zacks Consensus Estimate for 2024 revenues is pegged at $637.05 billion, indicating 11.6% growth from 2023. The consensus estimate for 2024 earnings stands at $3.55 per share, up 32.7% from the year-ago actual figure.
Alphabet’s Google is constantly making efforts to boost its generative AI offerings. It recently introduced its new, advanced and powerful large language model, namely Gemini, which is available in three different sizes: Gemini Ultra, the largest and most capable one; Gemini Pro, designed to offer scalability across various applications; and Gemini Nano, which is designed for specific tasks and mobile devices.
Further, Google Cloud announced the general availability of its suite of AI-powered assistance tools for code completion and generation called Duet AI for Developers, which provides developers with real-time code suggestions, chat assistance and enterprise-focused customization.
The company is also witnessing strong momentum with Bard, which responds to complicated or open-ended questions in the form of chats and can handle follow-up questions in a conversational manner.
Notably, Alphabet carries a Zacks Rank #3 at present. It has gained 53.9% year to date. The Zacks Consensus Estimate for 2024 revenues is pegged at $283.25 billion, indicating 11.2% growth from 2023. The consensus estimate for 2024 earnings stands at $6.66 per share, up 15.8% from the year-ago actual figure.
Adobe, which has returned 78% year to date, is also gaining well on its growing generative AI efforts. This Zacks Rank #3 company recently announced the commercial release of its family of creative, generative AI models, Firefly.
Adobe Firefly supports text prompts in over 100 languages, helps creators make several changes to their content, creates endless variations seamlessly and bolsters image generation capabilities.
Further, it enables content creators to use their words, images, audio, vectors, videos and 3D. Also, Firefly allows creators to use their creative ingredients like brushes, color gradients and video transformations.
The company is gaining strong momentum among content creators with Firefly. The Zacks Consensus Estimate for fiscal 2024 revenues is pegged at $21.41 billion, indicating 10.3% growth from fiscal 2023. The consensus estimate for fiscal 2024 earnings stands at $18.03 per share, up 12.2% from the year-ago actual figure.
Meta Platforms has gained 186.4% on a year-to-date basis. This Zacks Rank #3 company forayed into the space of LLMs with its state-of-the-art foundational language model known as Large Language Model Meta AI (“Llama”).
In collaboration with Microsoft, Meta unveiled the next generation of Llama, called Llama 2. The social media giant also released Code Llama, an LLM that can use text prompts to generate and discuss code.
The Zacks Consensus Estimate for 2024 revenues is pegged at $151.33 billion, indicating 13.4% growth from 2023. The consensus estimate for 2024 earnings stands at $17.57 per share, up 22.7% from the year-ago actual figure.
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Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
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Alphabet Inc. (GOOGL) : 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. | Strengthening Growth Prospects Given the aforementioned facts, the underlined technology is set to become essential for various industries like IT services, semiconductor, advertisement, hardware and cloud. It recently announced the general availability of its fully managed service called Amazon Bedrock, which provides seamless access to high-performing foundation models (“FM”) from AI companies through an API. Adobe Firefly supports text prompts in over 100 languages, helps creators make several changes to their content, creates endless variations seamlessly and bolsters image generation capabilities. | Here, we have focused on tech stocks like Microsoft, Amazon AMZN, Alphabet GOOGL, Adobe ADBE and Meta Platforms META, which are poised to gain well in 2024 from their heavy investments in generative AI. It recently announced the general availability of its fully managed service called Amazon Bedrock, which provides seamless access to high-performing foundation models (“FM”) from AI companies through an API. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | Apart from chatbots, the growing proliferation of generative AI infrastructure as a service that is used for training LLMs and specialized generative AI assistant software, on the back of which, generative AI is set to unleash the next wave of productivity, remains a major positive. Here, we have focused on tech stocks like Microsoft, Amazon AMZN, Alphabet GOOGL, Adobe ADBE and Meta Platforms META, which are poised to gain well in 2024 from their heavy investments in generative AI. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Adobe Inc. (ADBE) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | Apart from chatbots, the growing proliferation of generative AI infrastructure as a service that is used for training LLMs and specialized generative AI assistant software, on the back of which, generative AI is set to unleash the next wave of productivity, remains a major positive. This Zacks Rank #3 company recently announced the commercial release of its family of creative, generative AI models, Firefly. This Zacks Rank #3 company forayed into the space of LLMs with its state-of-the-art foundational language model known as Large Language Model Meta AI (“Llama”). | 9e695568-978c-49be-a9f1-6be12afababc |
710872.0 | 2023-12-16 00:00:00 UTC | Energy Sector Update for 12/19/2023: EQNR, XOM, FCEL, XLE, USO, UNG | DCOMP | https://www.nasdaq.com/articles/energy-sector-update-for-12-19-2023%3A-eqnr-xom-fcel-xle-uso-ung | nan | nan | Energy stocks were advancing premarket Tuesday, with the Energy Select Sector SPDR Fund (XLE) up 0.3%.
The United States Oil Fund (USO) was nearly 0.4% higher and the United States Natural Gas Fund (UNG) was down 3.9%.
Front-month US West Texas Intermediate crude oil was up 0.2% at $72.59 per barrel at the New York Mercantile Exchange. Global benchmark North Sea crude oil gained 0.2% to reach $78.07 per barrel, and natural gas futures were 3.2% lower at $2.42 per 1 million British Thermal Units.
Equinor (EQNR) said it signed long-term agreements to supply Germany's state-owned energy company SEFE with natural gas. Equinor was down more than 0.8% in recent Tuesday premarket activity.
Exxon Mobil's (XOM) subsidiary Esso Nederland intends to construct a pilot plant within its Rotterdam manufacturing facility to collect data on the performance and operability of carbonate fuel cell technology, developed in collaboration with FuelCell Energy (FCEL), FuelCell Energy said. Exxon Mobil was up 0.4% in recent Tuesday premarket activity.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Global benchmark North Sea crude oil gained 0.2% to reach $78.07 per barrel, and natural gas futures were 3.2% lower at $2.42 per 1 million British Thermal Units. Equinor (EQNR) said it signed long-term agreements to supply Germany's state-owned energy company SEFE with natural gas. Exxon Mobil's (XOM) subsidiary Esso Nederland intends to construct a pilot plant within its Rotterdam manufacturing facility to collect data on the performance and operability of carbonate fuel cell technology, developed in collaboration with FuelCell Energy (FCEL), FuelCell Energy said. | The United States Oil Fund (USO) was nearly 0.4% higher and the United States Natural Gas Fund (UNG) was down 3.9%. Equinor was down more than 0.8% in recent Tuesday premarket activity. Exxon Mobil was up 0.4% in recent Tuesday premarket activity. | Energy stocks were advancing premarket Tuesday, with the Energy Select Sector SPDR Fund (XLE) up 0.3%. The United States Oil Fund (USO) was nearly 0.4% higher and the United States Natural Gas Fund (UNG) was down 3.9%. Exxon Mobil's (XOM) subsidiary Esso Nederland intends to construct a pilot plant within its Rotterdam manufacturing facility to collect data on the performance and operability of carbonate fuel cell technology, developed in collaboration with FuelCell Energy (FCEL), FuelCell Energy said. | Global benchmark North Sea crude oil gained 0.2% to reach $78.07 per barrel, and natural gas futures were 3.2% lower at $2.42 per 1 million British Thermal Units. Equinor was down more than 0.8% in recent Tuesday premarket activity. Exxon Mobil was up 0.4% in recent Tuesday premarket activity. | 1e4cb6a3-7e55-42c3-812f-c1abd91c5923 |
710873.0 | 2023-12-16 00:00:00 UTC | Stock Market News for Dec 19, 2023 | DCOMP | https://www.nasdaq.com/articles/stock-market-news-for-dec-19-2023 | nan | nan | Wall Street ended higher on Monday to open the week. Markets continued to rally on rate-cut expectations despite more Fed officials turning hawkish. Two of the three major stock indexes ended in the green while one remained flat.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) remained virtually flat to close at 37,306.02. Nineteen components of the 30-stock index ended in positive territory, while 11 ended in negative.
The tech-heavy Nasdaq Composite gained 0.6%, or 90.89 points, to close at 14,904.81.
The S&P 500 rose 0.5%, or 21.37 points, to close at 4,740.56. Seven out of the 11 broad sectors of the benchmark index closed in the red. The Real Estate Select Sector SPDR (XLRE), the Utilities Select Sector SPDR (XLU) and the Industrials Select Sector SPDR (XLI) retracted 1.3%, 1.2% and 0.6%, respectively, while the Communication Services Select Sector SPDR (XLC) advanced 1%.
The fear-gauge CBOE Volatility Index (VIX) increased 2.3% to 12.56. A total of 11.8 billion shares were traded on Monday, lower than the last 20-session average of 11.9 billion. Advancers outnumbered decliners on the NYSE by a 1.12-to-1 ratio. On the Nasdaq, declining issues led advancing ones by 1.15-to-1.
Investors Remain Upbeat Despite Hawkish Fed Officials
Wall Street continues to ride on the rate-cut rally that has seen it close out seven consecutive winning weeks. Market participants remain hopeful that there will be multiple rate cuts in 2024 starting in March, even as they keep a cautious watch on crucial data coming in this week.
Fed officials, however, in recent sessions, have started to make comments suggesting that the markets are probably getting ahead of themselves. Per the Fed December meeting, there are only three rate cuts planned in 2024, while investors are anticipating at least five or six. Investors, nonetheless, continue to disregard these suggestions as of now and are betting on the rate hike regime ending and a probable string of cuts.
"It's not what you say or what the Fed Chair says, it's what do they hear and what do they want to hear?" Chicago Fed president Austan Goolsbee said in an interview in reference to how the financial markets have responded to Fed Chair Jerome Powell's comments last week, where he pondered that rate cuts were beginning to come into view. He went on to say that the Fed is not making a precommitment to cut interest rates soon and swiftly, and the soaring market expectations are at odds with how the central bank functions.
Another important official, Cleveland president Loretta Mester, said that the markets had gone a little bit ahead of themselves on the topic of when to expect the rate cuts. "The next phase is not when to reduce rates, even though that's where the markets are at. It's about how long do we need monetary policy to remain restrictive in order to be assured that inflation is on that sustainable and timely path back to 2%," Mester told the FT in an interview.
However, it is increasingly becoming clear that market punters are paying little heed to these comments and are still clinging to what Powell suggested at the conclusion of the Fed December meeting. Even as the Dow closed a flat session, the two other benchmark indexes made considerable gains, led by growth stocks like tech and communications.
Consequently, shares of Netflix, Inc. NFLX and Meta Platforms, Inc. META jumped 3% and 2.9%, respectively. Meta carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
No economic data was released on Monday.
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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors Remain Upbeat Despite Hawkish Fed Officials Wall Street continues to ride on the rate-cut rally that has seen it close out seven consecutive winning weeks. Market participants remain hopeful that there will be multiple rate cuts in 2024 starting in March, even as they keep a cautious watch on crucial data coming in this week. It's about how long do we need monetary policy to remain restrictive in order to be assured that inflation is on that sustainable and timely path back to 2%," Mester told the FT in an interview. | The Real Estate Select Sector SPDR (XLRE), the Utilities Select Sector SPDR (XLU) and the Industrials Select Sector SPDR (XLI) retracted 1.3%, 1.2% and 0.6%, respectively, while the Communication Services Select Sector SPDR (XLC) advanced 1%. Investors Remain Upbeat Despite Hawkish Fed Officials Wall Street continues to ride on the rate-cut rally that has seen it close out seven consecutive winning weeks. Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Real Estate Select Sector SPDR (XLRE), the Utilities Select Sector SPDR (XLU) and the Industrials Select Sector SPDR (XLI) retracted 1.3%, 1.2% and 0.6%, respectively, while the Communication Services Select Sector SPDR (XLC) advanced 1%. Chicago Fed president Austan Goolsbee said in an interview in reference to how the financial markets have responded to Fed Chair Jerome Powell's comments last week, where he pondered that rate cuts were beginning to come into view. Click to get this free report Netflix, Inc. (NFLX) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | Chicago Fed president Austan Goolsbee said in an interview in reference to how the financial markets have responded to Fed Chair Jerome Powell's comments last week, where he pondered that rate cuts were beginning to come into view. Even as the Dow closed a flat session, the two other benchmark indexes made considerable gains, led by growth stocks like tech and communications. No economic data was released on Monday. | 1290d8bf-f4db-400b-980a-0d795cf415fb |
710874.0 | 2023-12-16 00:00:00 UTC | Health Care Sector Update for 12/19/2023: INMB, SNY, IPHA, SEEL XLV, IBB | DCOMP | https://www.nasdaq.com/articles/health-care-sector-update-for-12-19-2023%3A-inmb-sny-ipha-seel-xlv-ibb | nan | nan | Health care stocks were gaining premarket Tuesday with the Health Care Select Sector SPDR Fund (XLV) advancing by 0.3% recently and the iShares Biotechnology ETF (IBB) was up 0.7%.
INmune Bio (INMB) was shedding over 15% in value after saying its phase 2 clinical trial of XPro in patients with early Alzheimer's disease and biomarkers of inflammation remains on full clinical hold pending a request from the US Food and Drug Administration for additional information on its long-term potency.
Sanofi (SNY) has exercised its option to license a fourth natural killer cell engager program in solid tumors from Innate Pharma's (IPHA) Antibody-based NK Cell Engager Therapeutics, or ANKET, platform. Innate Pharma was up more than 6.4% pre-bell.
Seelos Therapeutics (SEEL) was slipping past 3% after it filed a mixed-shelf registration statement for up to $250 million of its securities.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | INmune Bio (INMB) was shedding over 15% in value after saying its phase 2 clinical trial of XPro in patients with early Alzheimer's disease and biomarkers of inflammation remains on full clinical hold pending a request from the US Food and Drug Administration for additional information on its long-term potency. Sanofi (SNY) has exercised its option to license a fourth natural killer cell engager program in solid tumors from Innate Pharma's (IPHA) Antibody-based NK Cell Engager Therapeutics, or ANKET, platform. Seelos Therapeutics (SEEL) was slipping past 3% after it filed a mixed-shelf registration statement for up to $250 million of its securities. | Health care stocks were gaining premarket Tuesday with the Health Care Select Sector SPDR Fund (XLV) advancing by 0.3% recently and the iShares Biotechnology ETF (IBB) was up 0.7%. Sanofi (SNY) has exercised its option to license a fourth natural killer cell engager program in solid tumors from Innate Pharma's (IPHA) Antibody-based NK Cell Engager Therapeutics, or ANKET, platform. Innate Pharma was up more than 6.4% pre-bell. | Health care stocks were gaining premarket Tuesday with the Health Care Select Sector SPDR Fund (XLV) advancing by 0.3% recently and the iShares Biotechnology ETF (IBB) was up 0.7%. INmune Bio (INMB) was shedding over 15% in value after saying its phase 2 clinical trial of XPro in patients with early Alzheimer's disease and biomarkers of inflammation remains on full clinical hold pending a request from the US Food and Drug Administration for additional information on its long-term potency. Sanofi (SNY) has exercised its option to license a fourth natural killer cell engager program in solid tumors from Innate Pharma's (IPHA) Antibody-based NK Cell Engager Therapeutics, or ANKET, platform. | Health care stocks were gaining premarket Tuesday with the Health Care Select Sector SPDR Fund (XLV) advancing by 0.3% recently and the iShares Biotechnology ETF (IBB) was up 0.7%. INmune Bio (INMB) was shedding over 15% in value after saying its phase 2 clinical trial of XPro in patients with early Alzheimer's disease and biomarkers of inflammation remains on full clinical hold pending a request from the US Food and Drug Administration for additional information on its long-term potency. Sanofi (SNY) has exercised its option to license a fourth natural killer cell engager program in solid tumors from Innate Pharma's (IPHA) Antibody-based NK Cell Engager Therapeutics, or ANKET, platform. | ac25ee78-d430-46e8-847f-aa634b6962e0 |
710875.0 | 2023-12-16 00:00:00 UTC | Financial Sector Update for 12/19/2023: FDS, UBS, XLF, FAS, FAZ | DCOMP | https://www.nasdaq.com/articles/financial-sector-update-for-12-19-2023%3A-fds-ubs-xlf-fas-faz | nan | nan | Financial stocks were gaining pre-bell Tuesday as the Financial Select Sector SPDR Fund (XLF) was 0.3% higher recently.
The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% lower.
FactSet Research Systems (FDS) was down more than 4% after saying it now expects fiscal 2024 adjusted earnings of between $15.60 and $16 per diluted share, down from $15.65 to $16.15 per share anticipated previously.
Cevian Capital said it has taken a 1.3% stake in UBS (UBS) for around 1.2 billion euros ($1.31 billion). UBS was gaining over 3% in value in recent premarket activity.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Financial stocks were gaining pre-bell Tuesday as the Financial Select Sector SPDR Fund (XLF) was 0.3% higher recently. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% lower. FactSet Research Systems (FDS) was down more than 4% after saying it now expects fiscal 2024 adjusted earnings of between $15.60 and $16 per diluted share, down from $15.65 to $16.15 per share anticipated previously. | The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% lower. Cevian Capital said it has taken a 1.3% stake in UBS (UBS) for around 1.2 billion euros ($1.31 billion). UBS was gaining over 3% in value in recent premarket activity. | Financial stocks were gaining pre-bell Tuesday as the Financial Select Sector SPDR Fund (XLF) was 0.3% higher recently. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% lower. Cevian Capital said it has taken a 1.3% stake in UBS (UBS) for around 1.2 billion euros ($1.31 billion). | Financial stocks were gaining pre-bell Tuesday as the Financial Select Sector SPDR Fund (XLF) was 0.3% higher recently. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% lower. UBS was gaining over 3% in value in recent premarket activity. | 2473d124-4bf0-46d8-8997-28553e08e21a |
710876.0 | 2023-12-16 00:00:00 UTC | Consumer Sector Update for 12/19/2023: CONN, MAMA, CHDN, XLP, XLY | DCOMP | https://www.nasdaq.com/articles/consumer-sector-update-for-12-19-2023%3A-conn-mama-chdn-xlp-xly | nan | nan | Consumer stocks were edging higher pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently advancing by 0.3%.
Conn's (CONN) was down more than 1% after it reported a Q3 adjusted net loss of $2.03 per diluted share, compared with $0.78 a year earlier. Two analysts polled by Capital IQ expected a loss of $1.46.
Mama's Creations (MAMA) said it has begun an underwritten secondary offering of almost 5.63 million shares. Mama's Creations was over 2% higher in recent premarket activity.
Churchill Downs (CHDN) said it has agreed to repurchase 1 million of its shares for $123.75 per share for a total of about $123.8 million in a privately negotiated deal with an affiliate of the Duchossois Group. Churchill Downs was slightly lower pre-bell.
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 edging higher pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently advancing by 0.3%. Mama's Creations was over 2% higher in recent premarket activity. Churchill Downs (CHDN) said it has agreed to repurchase 1 million of its shares for $123.75 per share for a total of about $123.8 million in a privately negotiated deal with an affiliate of the Duchossois Group. | Consumer stocks were edging higher pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently advancing by 0.3%. Mama's Creations (MAMA) said it has begun an underwritten secondary offering of almost 5.63 million shares. Mama's Creations was over 2% higher in recent premarket activity. | Consumer stocks were edging higher pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently advancing by 0.3%. Mama's Creations (MAMA) said it has begun an underwritten secondary offering of almost 5.63 million shares. Churchill Downs (CHDN) said it has agreed to repurchase 1 million of its shares for $123.75 per share for a total of about $123.8 million in a privately negotiated deal with an affiliate of the Duchossois Group. | Consumer stocks were edging higher pre-bell Tuesday with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently advancing by 0.3%. Mama's Creations (MAMA) said it has begun an underwritten secondary offering of almost 5.63 million shares. Churchill Downs (CHDN) said it has agreed to repurchase 1 million of its shares for $123.75 per share for a total of about $123.8 million in a privately negotiated deal with an affiliate of the Duchossois Group. | 9bbef8bf-6a05-423e-8f92-8dacc2dd25a3 |
710877.0 | 2023-12-16 00:00:00 UTC | 2 REIT Stocks You Can Buy Right Now Before They Surge Even Higher | DCOMP | https://www.nasdaq.com/articles/2-reit-stocks-you-can-buy-right-now-before-they-surge-even-higher | nan | nan | The average real estate investment trust (REIT) is roughly 5% below its 52-week high, using Vanguard Real Estate ETF (NYSEMKT: VNQ) as a proxy. That's a vast improvement from where it was not too long ago, down over 20%, but investors shouldn't think the investment opportunity in REITs has passed. If you go back more than a year, you start to see that net lease REITs like NNN (NYSE: NNN) and tiny peer Alpine Income Property Trust (NYSE: PINE) still have more ground to make up.
REITs got smacked by interest rates
The past year was filled with interest rate increases. But the trend didn't start over the past 12 months -- it goes back a little further than that. For example, if you look at the past three years, you'll see that the average REIT is still down a bit more than 20% from its highs over the span. In other words, there's more opportunity here than may at first meet the eye if you step back and consider the broader picture.
VNQ data by YCharts
Two REITs still worth taking a look at are NNN and Alpine, which remain down around 15% or so from their three-year highs. Before looking at each stock, it will help to understand why rising interest rates were such a problem for their stocks. The first issue is that REITs compete with other income options, like CDs. As rates rose, investors moved cash to virtually risk-free bank CDs because they could get yields as high as 5% without having to take on the inherent risk of owning a stock.
There are also operational issues that REITs have to deal with on the interest rate front. Most notably, REITs often issue debt when they buy assets. Thus, rising rates make it more costly to do business. Although property markets eventually adjust to higher rates, it can take a long time for that to happen. Basically, sellers tend to cling to high prices until they have no choice but to sell (usually because of maturing debt that has to be rolled over at higher rates) at whatever price will clear in the market. So there is a real business headwind today for REITs, as well.
There are still attractive options
That said, stable or falling interest rates would be a positive for REITs. Since that's exactly what the Federal Reserve indicated in its last meeting, investors are quickly jumping back into the sector. But you can still find attractive yields from interesting REITs like NNN and Alpine. Both are net lease REITs, which means they own single-tenant properties for which the tenants are responsible for most property-level operating costs.
NNN is one of the oldest companies in the net lease space, with an incredible 34 years' worth of annual dividend increases under its belt. It has a large portfolio of properties at around 3,500 assets, with a focus on necessity tenants. The average remaining lease term is over 10 years, so there's enough leeway there to survive an economic rough patch like a recession.
NNN's yield is roughly 5.3%, which is still quite attractive relative to the average REIT's 4.4% and the S&P 500 Index's 1.4%. If you prefer to own industry bellwethers, this REIT could be right up your alley -- and it still has recovery room before it gets back to its recent high water mark.
Alpine is a bit more of an acquired taste. With a market cap of around $260 million, it is an industry small fry. In comparison, NNN's market cap is $7.6 billion. So only more aggressive investors will want to look at Alpine. However, the REIT has a 6.3% dividend yield. It has increased its dividend each year since its IPO in late 2019. Although it has a tiny portfolio of just 138 properties, nearly two-thirds of its tenants are investment grade rated.
Meanwhile, the funds from operations (FFO) payout ratio is around 75%, which is reasonable and only slightly higher than the industry's larger players, including NNN and its 70% FFO payout ratio. And, at least partly thanks to its small size, Alpine trades at a discount to most of its peers while offering more opportunity for growth, because even small acquisitions can move the needle dramatically.
Two REITs that are worth a closer look
For conservative investors, NNN is probably the better choice. It is an industry-leading net lease REIT with a great track record and attractive yield. And it still has some room to run before it gets back to its previous highs. Alpine is for more aggressive investors, given its small size. But if you can handle a little more uncertainty, it has proven to be a reliable REIT and comes with an elevated yield. And, like NNN, there's still more room to go before it has recovered from the market hit related to interest rates.
Should you invest $1,000 in Nnn REIT right now?
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Reuben Gregg Brewer has positions in Alpine Income Property Trust. The Motley Fool has positions in and recommends Vanguard Specialized Funds-Vanguard Real Estate ETF. 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. | As rates rose, investors moved cash to virtually risk-free bank CDs because they could get yields as high as 5% without having to take on the inherent risk of owning a stock. NNN is one of the oldest companies in the net lease space, with an incredible 34 years' worth of annual dividend increases under its belt. If you prefer to own industry bellwethers, this REIT could be right up your alley -- and it still has recovery room before it gets back to its recent high water mark. | The average real estate investment trust (REIT) is roughly 5% below its 52-week high, using Vanguard Real Estate ETF (NYSEMKT: VNQ) as a proxy. If you go back more than a year, you start to see that net lease REITs like NNN (NYSE: NNN) and tiny peer Alpine Income Property Trust (NYSE: PINE) still have more ground to make up. Before you buy stock in Nnn REIT, 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 Nnn REIT wasn't one of them. | If you go back more than a year, you start to see that net lease REITs like NNN (NYSE: NNN) and tiny peer Alpine Income Property Trust (NYSE: PINE) still have more ground to make up. REITs got smacked by interest rates The past year was filled with interest rate increases. Before you buy stock in Nnn REIT, 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 Nnn REIT wasn't one of them. | Before looking at each stock, it will help to understand why rising interest rates were such a problem for their stocks. But you can still find attractive yields from interesting REITs like NNN and Alpine. Before you buy stock in Nnn REIT, 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 Nnn REIT wasn't one of them. | aab3950f-3270-4b2d-84d6-92234ff3ba28 |
710878.0 | 2023-12-16 00:00:00 UTC | Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks | DCOMP | https://www.nasdaq.com/articles/improve-your-retirement-income-with-these-3-top-ranked-dividend-stocks-122 | nan | nan | Strange but true: seniors fear death less than running out of money in retirement.
Also, retirees who have constructed a nest egg have valid justifications to be concerned, since the traditional ways to plan for retirement may mean income can no longer cover expenses. Some retirees are now tapping their principal to make a decent living, pressed for time between decreasing investment balances and longer life expectancies.
Your parents' retirement investing plan won't cut it today.
In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. 10-year Treasury bond rates in the late 1990s hovered around 6.50%, whereas the current rate is much lower.
While this yield reduction may not seem drastic, it adds up: for a $1 million investment in 10-year Treasuries, the rate drop means a difference in yield of more than $1 million.
In addition to the considerable drop in bond yields, today's retirees are nervous about their future Social Security benefits. Because of certain demographic factors, it's been estimated that the funds that pay the Social Security benefits will run out of money in 2035.
So what can retirees do? You could dramatically reduce your expenses, and go out on a limb hoping your Social Security benefits don't diminish. On the other hand, you could opt for an alternative investment that gives a steady, higher-rate income stream to supplant lessening bond yields.
Invest in Dividend Stocks
We feel that these dividend-paying equities - as long as they are from high-quality, low-risk issuers - can give retirement investors a smart option to replace low-yielding Treasury bonds (or other bonds).
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
First Savings Financial (FSFG) is currently shelling out a dividend of $0.14 per share, with a dividend yield of 3.5%. This compares to the Financial - Savings and Loan industry's yield of 3.15% and the S&P 500's yield of 1.63%. The company's annualized dividend growth in the past year was 7.69%. Check First Savings Financial (FSFG) dividend history here>>>
Kite Realty Group (KRG) is paying out a dividend of $0.25 per share at the moment, with a dividend yield of 4.2% compared to the REIT and Equity Trust - Retail industry's yield of 4.31% and the S&P 500's yield. The annualized dividend growth of the company was 14.29% over the past year. Check Kite Realty Group (KRG) dividend history here>>>
Currently paying a dividend of $1.7 per share, Park Hotels & Resorts (PK) has a dividend yield of 3.67%. This is compared to the REIT and Equity Trust - Other industry's yield of 4.07% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 1400%. Check Park Hotels & Resorts (PK) dividend history here>>>
But aren't stocks generally more risky than bonds?
Overall, that is true. But stocks are a broad class, and you can reduce the risks significantly by selecting high-quality dividend stocks that can generate regular, predictable income and can also decrease the volatility of your portfolio compared to the overall stock market.
A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.
Bottom Line
Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement.
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
First Savings Financial Group, Inc. (FSFG) : Free Stock Analysis Report
Kite Realty Group Trust (KRG) : Free Stock Analysis Report
Park Hotels & Resorts Inc. (PK) : 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. | Also, retirees who have constructed a nest egg have valid justifications to be concerned, since the traditional ways to plan for retirement may mean income can no longer cover expenses. Some retirees are now tapping their principal to make a decent living, pressed for time between decreasing investment balances and longer life expectancies. Bottom Line Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement. | Check First Savings Financial (FSFG) dividend history here>>> Kite Realty Group (KRG) is paying out a dividend of $0.25 per share at the moment, with a dividend yield of 4.2% compared to the REIT and Equity Trust - Retail industry's yield of 4.31% and the S&P 500's yield. Check Kite Realty Group (KRG) dividend history here>>> Currently paying a dividend of $1.7 per share, Park Hotels & Resorts (PK) has a dividend yield of 3.67%. Click to get this free report First Savings Financial Group, Inc. (FSFG) : Free Stock Analysis Report Kite Realty Group Trust (KRG) : Free Stock Analysis Report Park Hotels & Resorts Inc. (PK) : Free Stock Analysis Report To read this article on Zacks.com click here. | Check First Savings Financial (FSFG) dividend history here>>> Kite Realty Group (KRG) is paying out a dividend of $0.25 per share at the moment, with a dividend yield of 4.2% compared to the REIT and Equity Trust - Retail industry's yield of 4.31% and the S&P 500's yield. A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income. Click to get this free report First Savings Financial Group, Inc. (FSFG) : Free Stock Analysis Report Kite Realty Group Trust (KRG) : Free Stock Analysis Report Park Hotels & Resorts Inc. (PK) : Free Stock Analysis Report To read this article on Zacks.com click here. | In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 632074be-600f-48cb-b773-e73a07bfbb66 |
710879.0 | 2023-12-16 00:00:00 UTC | Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks | DCOMP | https://www.nasdaq.com/articles/improve-your-retirement-income-with-these-3-top-ranked-dividend-stocks-123 | nan | nan | Strange but true: seniors fear death less than running out of money in retirement.
Also, retirees who have constructed a nest egg have valid justifications to be concerned, since the traditional ways to plan for retirement may mean income can no longer cover expenses. Some retirees are now tapping their principal to make a decent living, pressed for time between decreasing investment balances and longer life expectancies.
Your parents' retirement investing plan won't cut it today.
In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. 10-year Treasury bond rates in the late 1990s hovered around 6.50%, whereas the current rate is much lower.
While this yield reduction may not seem drastic, it adds up: for a $1 million investment in 10-year Treasuries, the rate drop means a difference in yield of more than $1 million.
In addition to the considerable drop in bond yields, today's retirees are nervous about their future Social Security benefits. Because of certain demographic factors, it's been estimated that the funds that pay the Social Security benefits will run out of money in 2035.
So what can retirees do? You could dramatically reduce your expenses, and go out on a limb hoping your Social Security benefits don't diminish. On the other hand, you could opt for an alternative investment that gives a steady, higher-rate income stream to supplant lessening bond yields.
Invest in Dividend Stocks
We feel that these dividend-paying equities - as long as they are from high-quality, low-risk issuers - can give retirement investors a smart option to replace low-yielding Treasury bonds (or other bonds).
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
A rule of thumb for finding solid income-producing stocks is to seek those that average 3% dividend yield, and positive yearly dividend growth. These stocks can help combat inflation by boosting dividends over time.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
HP (HPQ) is currently shelling out a dividend of $0.28 per share, with a dividend yield of 3.64%. This compares to the Computer - Mini computers industry's yield of 0.95% and the S&P 500's yield of 1.63%. The company's annualized dividend growth in the past year was 5%. Check HP (HPQ) dividend history here>>>
M&T Bank Corporation (MTB) is paying out a dividend of $1.3 per share at the moment, with a dividend yield of 3.79% compared to the Banks - Major Regional industry's yield of 3.79% and the S&P 500's yield. The annualized dividend growth of the company was 8.33% over the past year. Check M&T Bank Corporation (MTB) dividend history here>>>
Currently paying a dividend of $0.69 per share, State Street Corporation (STT) has a dividend yield of 3.58%. This is compared to the Banks - Major Regional industry's yield of 3.79% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 9.52%. Check State Street Corporation (STT) dividend history here>>>
But aren't stocks generally more risky than bonds?
Overall, that is true. But stocks are a broad class, and you can reduce the risks significantly by selecting high-quality dividend stocks that can generate regular, predictable income and can also decrease the volatility of your portfolio compared to the overall stock market.
A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.
Bottom Line
Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement.
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
HP Inc. (HPQ) : Free Stock Analysis Report
State Street Corporation (STT) : Free Stock Analysis Report
M&T Bank Corporation (MTB) : 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. | Also, retirees who have constructed a nest egg have valid justifications to be concerned, since the traditional ways to plan for retirement may mean income can no longer cover expenses. Some retirees are now tapping their principal to make a decent living, pressed for time between decreasing investment balances and longer life expectancies. Bottom Line Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement. | Check M&T Bank Corporation (MTB) dividend history here>>> Currently paying a dividend of $0.69 per share, State Street Corporation (STT) has a dividend yield of 3.58%. Check State Street Corporation (STT) dividend history here>>> But aren't stocks generally more risky than bonds? Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report State Street Corporation (STT) : Free Stock Analysis Report M&T Bank Corporation (MTB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Check HP (HPQ) dividend history here>>> M&T Bank Corporation (MTB) is paying out a dividend of $1.3 per share at the moment, with a dividend yield of 3.79% compared to the Banks - Major Regional industry's yield of 3.79% and the S&P 500's yield. A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income. Click to get this free report HP Inc. (HPQ) : Free Stock Analysis Report State Street Corporation (STT) : Free Stock Analysis Report M&T Bank Corporation (MTB) : Free Stock Analysis Report To read this article on Zacks.com click here. | In the past, investors going into retirement could invest in bonds and count on attractive yields to produce steady, reliable income streams to fund a predictable retirement. A silver lining to owning dividend stocks for your retirement portfolio is that many companies, especially blue chip stocks, increase their dividends over time, helping offset the effects of inflation on your potential retirement income. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 43708415-5559-4f1a-8791-808774ff27d1 |
710880.0 | 2023-12-16 00:00:00 UTC | 3 Stocks to Watch From a Prosperous Heavy Construction Industry | DCOMP | https://www.nasdaq.com/articles/3-stocks-to-watch-from-a-prosperous-heavy-construction-industry | nan | nan | The Zacks Building Products - Heavy Construction sector is anticipated to maintain momentum, driven by a substantial infrastructure initiative spearheaded by the U.S. government. The objective of this initiative is to enhance the country's roads, bridges, and broadband connectivity. Companies within the industry are leveraging the heightened demand observed across multiple sectors, such as communications, transmission, power, and other infrastructure projects. Despite facing challenges such as project delays, a competitive labor market, and rising costs, certain companies like EMCOR Group Inc. EME, Granite Construction Incorporated GVA and Orion Group Holdings, Inc. ORN have effectively navigated these obstacles and are well-positioned to capitalize on strong market prospects. While macroeconomic hurdles may affect some customer plans, these companies are poised for growth in this dynamic sector.
Industry Description
The Zacks Building Products - Heavy Construction industry consists of mechanical and electrical construction, industrial and energy infrastructure as well as building service providers. This industry comprises heavy civil construction companies that specialize in the building and reconstruction of transportation projects, including highways, roads, bridges, airfields, ports and light rail. The companies serve commercial, industrial, utility and institutional clients. The industry players are engaged in the engineering, construction and maintenance of communications infrastructure, oil and natural gas pipelines as well as processing facilities for energy and utility industries. These firms are also engaged in mining and dredging services in the United States and internationally.
4 Trends Shaping the Future of the Heavy Construction Industry
U.S. Administration’s Infrastructural Endeavor: The announcement of President Joe Biden’s massive infrastructure plan to build modern sustainable infrastructure and a clean future will have major implications for the U.S. economy and the construction industry over the next five years. Biden’s plan for accelerated investments in far-reaching areas, from roads and bridges to green spaces, water systems, electricity grids, as well as universal broadband, laid a new foundation for sustainable growth, withstanding the impacts of climate change and improving public health, including access to clean air and clean water. The aforesaid infrastructural expansion plan should be a boon for construction-related companies.
Strong Prospects in Telecommunication: The ramp-up of projects related to 5G has been a silver lining for the industry players. The increased demand from telecom customers for wireline networks, wireless/wireline converged networks and wireless networks using 5G technologies has been benefiting industry players. Construction work for communications is expected to pick up on huge investments in network expansion. Also, the industry is poised to gain from a significant number of project awards across multiple segments, including communications, health care, transmission and power, along with infrastructural projects in domestic and international markets.
Solid Inorganic Moves & Renewable Business Prospects: Acquisitions have been companies’ preferred mode of solidifying product portfolios and leveraging new business opportunities. Again, due to increased renewable project activity and the expansion of services in biomass and other smaller production facilities, the power generation and industrial construction market is poised to see sizable growth. The companies are well-positioned to gain from the renewable energy drive of the pro-environmental Biden administration. The development and deployment of technology solutions across the full spectrum of decarbonization efforts, comprising all facets of infrastructure for providing carbon-free energy solutions, should benefit the companies going forward.
Macroeconomic Challenges: The biggest headwinds for the industry players are currently centered around macroeconomic challenges, labor availability and supply-chain delays. In addition to a tight labor market, a rise in raw material costs is a concern. Meanwhile, the businesses of the industry players are susceptible to the cyclical nature of the markets in which clients operate and are dependent on the timing and funding of new awards. Hence, volatility in credits and operating risks associated with economic down cycles are pressing concerns. Macroeconomic effects may dampen the near-term execution of some customer plans.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products - Heavy Construction industry is a 10-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #92, which places it in the top 37% 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 solid near-term prospects. 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.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Lags the S&P 500 & Sector
The Zacks Building Products - Heavy Construction industry has lagged the Zacks S&P 500 composite and the broader Zacks Construction sector over the past year.
Stocks in this industry have collectively gained 23.3% versus the broader sector’s 48.2% rally. Meanwhile, the S&P 500 has jumped 24% in the said period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price-to-earnings ratio, which is a commonly used multiple for valuing heavy construction stocks, the industry is currently trading at 16.9X versus the S&P 500’s 19.8X and the sector’s 16.8X.
Over the past five years, the industry has traded as high as 18.2X, as low as 7.5X and at a median of 13.4X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
3 Heavy Construction Stocks to Watch
Here, we have discussed three stocks from the industry that have solid earnings growth potential. The chosen companies currently sport a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR Group: Headquartered in Norwalk, CT, this company provides electrical and mechanical construction and facilities services in the United States. EMCOR has been benefiting from solid execution in the U.S. Construction segment — comprising the U.S. Mechanical and Electrical Construction units — as well as disciplined cost control, project execution strategies and acquisition policies. The company has been gaining from resilient demand for its services, primarily in semiconductors, data centers, manufacturing re-shoring, healthcare and across the EV value chain, which sparked its growth momentum. Also, accretive buyouts have been strengthening its overall results by adding new markets, opportunities and capabilities.
EMCOR, currently sporting a Zacks Rank #1, has surged 47.9% over the past year. Also, 2024 earnings estimates have increased to $12.56 per share from $11.66, over the past 60 days. Earnings for 2024 are expected to grow 1.5%. EME surpassed earnings estimates in all the trailing four quarters, with the average surprise being 25%.
Price and Consensus: EME
Granite Construction: Based in Watsonville, CA, this company is an infrastructure contractor and a construction materials producer in the United States. Overall, a robust market environment has been driving improved profitability across its businesses. Its sufficient liquidity position has enabled the company to opportunistically invest in its vertically integrated operations through organic investment and bolt-on acquisitions.
GVA, currently flaunting a Zacks Rank #1, has gained 39.8% over the past year. Also, 2024 earnings estimates have increased to $4.29 per share from $4.20, over the past 30 days. Earnings for 2024 are expected to grow 37.5%. It carries an impressive VGM Score of B.
Price and Consensus: GVA
Orion Group: This Houston, TX-based company functions as a specialized construction firm specializing in projects across building, industrial, and infrastructure sectors. Their operations span the United States, Alaska, Canada, and the Caribbean Basin. The backlog, which serves as a crucial metric reflecting the overall health of the business, amounted to $878 million as of Sep 30, 2023, a notable increase from the $549 million recorded in the year-ago period. Simultaneously, the company is committed to divesting its unprofitable concrete business in central Texas to pave the way for future growth. This strategic move aligns with the company's focus on enhancing margins through the pursuit of higher-quality projects and improved execution.
ORN, currently carrying a Zacks Rank #3, has gained 93% over the past year. Earnings for 2024 are expected to grow 135.9%. It carries an impressive VGM Score of B.
Price and Consensus: ORN
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EMCOR Group, Inc. (EME) : Free Stock Analysis Report
Orion Group Holdings, Inc. (ORN) : Free Stock Analysis Report
Granite Construction Incorporated (GVA) : 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. | This industry comprises heavy civil construction companies that specialize in the building and reconstruction of transportation projects, including highways, roads, bridges, airfields, ports and light rail. Again, due to increased renewable project activity and the expansion of services in biomass and other smaller production facilities, the power generation and industrial construction market is poised to see sizable growth. The company has been gaining from resilient demand for its services, primarily in semiconductors, data centers, manufacturing re-shoring, healthcare and across the EV value chain, which sparked its growth momentum. | Despite facing challenges such as project delays, a competitive labor market, and rising costs, certain companies like EMCOR Group Inc. EME, Granite Construction Incorporated GVA and Orion Group Holdings, Inc. ORN have effectively navigated these obstacles and are well-positioned to capitalize on strong market prospects. Industry Description The Zacks Building Products - Heavy Construction industry consists of mechanical and electrical construction, industrial and energy infrastructure as well as building service providers. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Orion Group Holdings, Inc. (ORN) : Free Stock Analysis Report Granite Construction Incorporated (GVA) : Free Stock Analysis Report To read this article on Zacks.com click here. | Industry Description The Zacks Building Products - Heavy Construction industry consists of mechanical and electrical construction, industrial and energy infrastructure as well as building service providers. Zacks Industry Rank Indicates Bright Prospects The Zacks Building Products - Heavy Construction industry is a 10-stock group within the broader Zacks Construction sector. Industry Lags the S&P 500 & Sector The Zacks Building Products - Heavy Construction industry has lagged the Zacks S&P 500 composite and the broader Zacks Construction sector over the past year. | Industry Description The Zacks Building Products - Heavy Construction industry consists of mechanical and electrical construction, industrial and energy infrastructure as well as building service providers. ORN, currently carrying a Zacks Rank #3, has gained 93% over the past year. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | e12babfa-9a9f-44f7-bb8b-b05687e8c64c |
710881.0 | 2023-12-16 00:00:00 UTC | Airbus wins order from easyJet for additional 157 aircraft | DCOMP | https://www.nasdaq.com/articles/airbus-wins-order-from-easyjet-for-additional-157-aircraft | nan | nan | Adds industry context from paragraph 4
Dec 19 (Reuters) - Plane maker Airbus AIR.PA said on Tuesday it had won an order from easyJet EZJ.L for 157 more aircraft, after the budget airline received a green light from shareholders for the planned purchase.
The order is for 56 A320neo and 101 A321neo airplanes, and also includes the upgrading of an existing order for 35 A320neo into the larger A321neo model, Airbus said in a statement.
Airbus did not disclose financial details of the order.
Airbus and rival Boeing BA.L have been securing large orders as airlines look to grow or modernise their fleets in anticipation of continuing demand, after already expecting record passenger numbers next year.
EasyJet flagged the planned order in October, as it looks to sell more seats on routes from congested European hubs like London Gatwick and Amsterdam.
Earlier on Tuesday, Germany's Lufthansa LHAG.DE said it had ordered 80 planes from Boeing BA.N and Airbus and agreed future purchasing options for a total value of $9 billion.
(Reporting by Olivier Sorgho; Editing by Kirsten Donovan)
((Olivier.Sorgho@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. | Adds industry context from paragraph 4 Dec 19 (Reuters) - Plane maker Airbus AIR.PA said on Tuesday it had won an order from easyJet EZJ.L for 157 more aircraft, after the budget airline received a green light from shareholders for the planned purchase. Airbus and rival Boeing BA.L have been securing large orders as airlines look to grow or modernise their fleets in anticipation of continuing demand, after already expecting record passenger numbers next year. EasyJet flagged the planned order in October, as it looks to sell more seats on routes from congested European hubs like London Gatwick and Amsterdam. | Adds industry context from paragraph 4 Dec 19 (Reuters) - Plane maker Airbus AIR.PA said on Tuesday it had won an order from easyJet EZJ.L for 157 more aircraft, after the budget airline received a green light from shareholders for the planned purchase. EasyJet flagged the planned order in October, as it looks to sell more seats on routes from congested European hubs like London Gatwick and Amsterdam. Earlier on Tuesday, Germany's Lufthansa LHAG.DE said it had ordered 80 planes from Boeing BA.N and Airbus and agreed future purchasing options for a total value of $9 billion. | Adds industry context from paragraph 4 Dec 19 (Reuters) - Plane maker Airbus AIR.PA said on Tuesday it had won an order from easyJet EZJ.L for 157 more aircraft, after the budget airline received a green light from shareholders for the planned purchase. The order is for 56 A320neo and 101 A321neo airplanes, and also includes the upgrading of an existing order for 35 A320neo into the larger A321neo model, Airbus said in a statement. Airbus and rival Boeing BA.L have been securing large orders as airlines look to grow or modernise their fleets in anticipation of continuing demand, after already expecting record passenger numbers next year. | Adds industry context from paragraph 4 Dec 19 (Reuters) - Plane maker Airbus AIR.PA said on Tuesday it had won an order from easyJet EZJ.L for 157 more aircraft, after the budget airline received a green light from shareholders for the planned purchase. The order is for 56 A320neo and 101 A321neo airplanes, and also includes the upgrading of an existing order for 35 A320neo into the larger A321neo model, Airbus said in a statement. Airbus did not disclose financial details of the order. | 0a284dc8-6a0c-45c3-946d-a0c6fa44a87b |
710882.0 | 2023-12-16 00:00:00 UTC | Kroger (KR) Crossed Above the 20-Day Moving Average: What That Means for Investors | DCOMP | https://www.nasdaq.com/articles/kroger-kr-crossed-above-the-20-day-moving-average%3A-what-that-means-for-investors | nan | nan | From a technical perspective, Kroger (KR) is looking like an interesting pick, as it just reached a key level of support. KR recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
Shares of KR have been moving higher over the past four weeks, up 6.1%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that KR could be poised for a continued surge.
The bullish case solidifies once investors consider KR's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 7 higher, while the consensus estimate has increased too.
Investors may want to watch KR for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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 Kroger Co. (KR) : 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. | Investors may want to watch KR for more gains in the near future given the company's key technical level and positive earnings estimate revisions. 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." | Investors may want to watch KR for more gains in the near future given the company's key technical level and positive earnings estimate revisions. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report The Kroger Co. (KR) : Free Stock Analysis Report To read this article on Zacks.com click here. | This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend. Click to get this free report The Kroger Co. (KR) : Free Stock Analysis Report To read this article on Zacks.com click here. | KR recently overtook the 20-day moving average, and this suggests a short-term bullish trend. The bullish case solidifies once investors consider KR's positive earnings estimate revisions. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | f3237693-5195-4c5c-8cbf-9d121b2276de |
710883.0 | 2023-12-16 00:00:00 UTC | Are Options Traders Betting on a Big Move in AirSculpt (AIRS) Stock? | DCOMP | https://www.nasdaq.com/articles/are-options-traders-betting-on-a-big-move-in-airsculpt-airs-stock | nan | nan | Investors in AirSculpt Technologies, Inc. AIRS need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $5.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for AirSculpt shares, but what is the fundamental picture for the company? Currently, AirSculpt is a Zacks Rank #2 (Buy) in the Technology Services industry that ranks in the Top 29% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 12 cents per share to 11 cents in that period.
Given the way analysts feel about AirSculpt right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
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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
AirSculpt Technologies, Inc. (AIRS) : 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. | Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. Click to see the trades now >> Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Currently, AirSculpt is a Zacks Rank #2 (Buy) in the Technology Services industry that ranks in the Top 29% of our Zacks Industry Rank. Click to get this free report AirSculpt Technologies, Inc. (AIRS) : Free Stock Analysis Report To read this article on Zacks.com click here. | Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Currently, AirSculpt is a Zacks Rank #2 (Buy) in the Technology Services industry that ranks in the Top 29% of our Zacks Industry Rank. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. | Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. Given the way analysts feel about AirSculpt right now, this huge implied volatility could mean there’s a trade developing. Looking to Trade Options? | fb38bc3c-da2d-4525-b9e0-9167639ec5d1 |
710884.0 | 2023-12-16 00:00:00 UTC | FuelCell Energy (FCEL) Reports Q4 Loss, Misses Revenue Estimates | DCOMP | https://www.nasdaq.com/articles/fuelcell-energy-fcel-reports-q4-loss-misses-revenue-estimates-0 | nan | nan | FuelCell Energy (FCEL) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this fuel cell power plant maker would post a loss of $0.08 per share when it actually produced a loss of $0.06, delivering a surprise of 25%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
FuelCell Energy, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $22.46 million for the quarter ended October 2023, missing the Zacks Consensus Estimate by 13.97%. This compares to year-ago revenues of $39.2 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.
FuelCell Energy shares have lost about 45% since the beginning of the year versus the S&P 500's gain of 23.5%.
What's Next for FuelCell Energy?
While FuelCell Energy 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 FuelCell Energy: 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 -$0.08 on $29.1 million in revenues for the coming quarter and -$0.30 on $160.68 million 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, Alternative Energy - Other is currently in the bottom 35% 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.
Kinder Morgan (KMI), another stock in the broader Zacks Oils-Energy sector, has yet to report results for the quarter ended December 2023.
This oil and natural gas pipeline and storage company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of -3.2%. The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level.
Kinder Morgan's revenues are expected to be $4.13 billion, down 9.8% 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 >>
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
FuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report
Kinder Morgan, Inc. (KMI) : 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. | 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. Kinder Morgan (KMI), another stock in the broader Zacks Oils-Energy sector, has yet to report results for the quarter ended December 2023. This oil and natural gas pipeline and storage company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of -3.2%. | FuelCell Energy, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $22.46 million for the quarter ended October 2023, missing the Zacks Consensus Estimate by 13.97%. The current consensus EPS estimate is -$0.08 on $29.1 million in revenues for the coming quarter and -$0.30 on $160.68 million in revenues for the current fiscal year. Click to get this free report FuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here. | FuelCell Energy (FCEL) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. FuelCell Energy, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $22.46 million for the quarter ended October 2023, missing the Zacks Consensus Estimate by 13.97%. Click to get this free report FuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here. | FuelCell Energy (FCEL) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. | 5b96d88e-5471-4b19-9641-cdbdc1bc1d2a |
710885.0 | 2023-12-16 00:00:00 UTC | Here's How Much a $1000 Investment in Amazon Made 10 Years Ago Would Be Worth Today | DCOMP | https://www.nasdaq.com/articles/heres-how-much-a-%241000-investment-in-amazon-made-10-years-ago-would-be-worth-today-1 | nan | nan | For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Amazon (AMZN) ten years ago? It may not have been easy to hold on to AMZN for all that time, but if you did, how much would your investment be worth today?
Amazon's Business In-Depth
With that in mind, let's take a look at Amazon's main business drivers.
Amazon.com is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe.
Its online retail business revolves around the Prime program well-supported by the company’s massive distribution network. Further, the Whole Foods Market acquisition helped Amazon establish footprint in physical grocery supermarket space.
Amazon also enjoys dominant position in the cloud-computing market, particularly in the Infrastructure as a Service (IaaS) space, thanks to Amazon Web Services (AWS), which is one of its high-margin generating businesses.
Amazon has also become a household name with its Alexa powered Echo devices. Artificial Intelligence (AI) backed Alexa is helping the company sell products and services.
Revenues were $513.98 billion in 2022. The company reports revenue under three broad heads—North America, International and AWS, which generated 61.5%, 23% and 15.6% of total revenues, respectively.
Headquartered in Seattle, WA, Amazon targets three categories of customers—consumers, sellers and website developers. Consumers are offered variety, convenience and free delivery of goods displayed on the company’s websites.
The agreements with sellers are varied, enabling them to use the company’s websites to either sell their merchandise directly, or redirect customers to the sellers’ own branded websites. In case of the latter arrangement, Amazon earns a fee for the sales thus generated.
Competition comes in the form of traditional retailers, other online retailers, media companies, web portals, search engines, e-commerce companies and cloud computing service providers.
Bottom Line
Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Amazon ten years ago, you're likely feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in December 2013 would be worth $7,782.10, or a 678.21% gain, as of December 19, 2023. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 161.82% and the price of gold increased 63.60% over the same time frame in comparison.
Analysts are anticipating more upside for AMZN.
Amazon’s shares have outperformed the industry in the year-to-date period. The company is gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio. Strengthening relationship with third-party sellers is a positive. Additionally, strong adoption rate of AWS is aiding the company’s cloud dominance. Expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. Robust Alexa skills and expanding smart home products portfolio are positives. The company’s strong global presence and solid momentum among the small and medium businesses remain tailwinds. Considering the abovementioned facts, we expect 2023 revenue to be up 10.8% from 2022. However, inflationary pressure, geopolitical tensions and foreign currency headwinds remain concerns.
Shares have gained 5.43% over the past four weeks and there have been 12 higher earnings estimate revisions for fiscal 2023 compared to none lower. The consensus estimate has moved up as well.
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
Amazon.com, Inc. (AMZN) : 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 gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio. 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." | Artificial Intelligence (AI) backed Alexa is helping the company sell products and services. Competition comes in the form of traditional retailers, other online retailers, media companies, web portals, search engines, e-commerce companies and cloud computing service providers. Expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. | Amazon also enjoys dominant position in the cloud-computing market, particularly in the Infrastructure as a Service (IaaS) space, thanks to Amazon Web Services (AWS), which is one of its high-margin generating businesses. Competition comes in the form of traditional retailers, other online retailers, media companies, web portals, search engines, e-commerce companies and cloud computing service providers. So, if you had invested in Amazon ten years ago, you're likely feeling pretty good about your investment today. | Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries. It may not have been easy to hold on to AMZN for all that time, but if you did, how much would your investment be worth today? Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 92278b3c-1672-48d0-a6ec-3169917da97a |
710886.0 | 2023-12-16 00:00:00 UTC | Wall St futures inch up as investors pin hopes on Fed rate cuts | DCOMP | https://www.nasdaq.com/articles/wall-st-futures-inch-up-as-investors-pin-hopes-on-fed-rate-cuts | nan | nan | For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures up: Dow 0.06%, S&P 0.07%, Nasdaq 0.03%
Dec 19 (Reuters) - U.S. stock index futures edged higher on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year.
The benchmark S&P 500 .SPX trades just 1.2% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said last week the historic tightening of monetary policy is likely over.
Despite attempts by policymakers to temper the optimism since, traders have priced in a 67% chance of the Fed cutting rates by 25 basis points in March, as per the CMEGroup's FedWatch tool, and cuts of 143 bps by December 2024. FEDWATCH
The S&P 500 marked a seventh straight week of gains on Friday, its longest winning streak since 2017, while the blue-chip Dow .DJI is trading near all-time highs.
Housing starts number for November is due at 8:30 a.m. ET. Investors are awaiting a slew of economic data this week, with focus on the final reading of third-quarter GDP on Thursday, followed by monthly personal consumption expenditure index (PCE) on Friday, the Fed's preferred inflation gauge.
San Francisco Fed President Mary Daly said on Monday that cuts to the U.S. central bank's benchmark rate are likely be appropriate next year because of an improvement in inflation this year, the Wall Street Journal reported.
Fed Atlanta President Raphael Bostic and Fed Chicago President Austan Goolsbee are scheduled to speak later in the day. Daly and Bostic are voting members in the FOMC's rate-setting committee next year.
At 5:36 a.m. ET, Dow e-minis 1YMcv1 were up 21 points, or 0.06%, S&P 500 e-minis EScv1 were up 3.25 points, or 0.07%, and Nasdaq 100 e-minis NQcv1 were up 4.5 points, or 0.03%.
Apple shares AAPL.O were flat in premarket trading after the company said it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices.
PepsiCo PEP.O slipped 0.6% after J.P. Morgan downgraded the stock to "neutral" from "overweight".
Plug Power PLUG.O fell 3.4% after Piper Sandler downgraded the hydrogen fuel cell firm to "underweight".
(Reporting by Sruthi Shankar in Bengaluru; Editing by Maju Samuel)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The benchmark S&P 500 .SPX trades just 1.2% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said last week the historic tightening of monetary policy is likely over. Investors are awaiting a slew of economic data this week, with focus on the final reading of third-quarter GDP on Thursday, followed by monthly personal consumption expenditure index (PCE) on Friday, the Fed's preferred inflation gauge. Apple shares AAPL.O were flat in premarket trading after the company said it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices. | Futures up: Dow 0.06%, S&P 0.07%, Nasdaq 0.03% Dec 19 (Reuters) - U.S. stock index futures edged higher on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year. Fed Atlanta President Raphael Bostic and Fed Chicago President Austan Goolsbee are scheduled to speak later in the day. ET, Dow e-minis 1YMcv1 were up 21 points, or 0.06%, S&P 500 e-minis EScv1 were up 3.25 points, or 0.07%, and Nasdaq 100 e-minis NQcv1 were up 4.5 points, or 0.03%. | Futures up: Dow 0.06%, S&P 0.07%, Nasdaq 0.03% Dec 19 (Reuters) - U.S. stock index futures edged higher on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year. The benchmark S&P 500 .SPX trades just 1.2% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said last week the historic tightening of monetary policy is likely over. San Francisco Fed President Mary Daly said on Monday that cuts to the U.S. central bank's benchmark rate are likely be appropriate next year because of an improvement in inflation this year, the Wall Street Journal reported. | The benchmark S&P 500 .SPX trades just 1.2% shy of its all-time closing high as traders price in an aggressive timetable for interest rate cuts next year after Fed Chair Jerome Powell said last week the historic tightening of monetary policy is likely over. Despite attempts by policymakers to temper the optimism since, traders have priced in a 67% chance of the Fed cutting rates by 25 basis points in March, as per the CMEGroup's FedWatch tool, and cuts of 143 bps by December 2024. San Francisco Fed President Mary Daly said on Monday that cuts to the U.S. central bank's benchmark rate are likely be appropriate next year because of an improvement in inflation this year, the Wall Street Journal reported. | bb3f48bf-88d0-4271-9347-820ea84364af |
710887.0 | 2023-12-16 00:00:00 UTC | Why Investors Need to Take Advantage of These 2 Medical Stocks Now | DCOMP | https://www.nasdaq.com/articles/why-investors-need-to-take-advantage-of-these-2-medical-stocks-now-21 | nan | nan | Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider UnitedHealth Group?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. UnitedHealth Group (UNH) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $5.99 a share, just 24 days from its upcoming earnings release on January 12, 2024.
By taking the percentage difference between the $5.99 Most Accurate Estimate and the $5.98 Zacks Consensus Estimate, UnitedHealth Group has an Earnings ESP of +0.17%. Investors should also know that UNH is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
UNH is part of a big group of Medical stocks that boast a positive ESP, and investors may want to take a look at Viatris (VTRS) as well.
Viatris, which is readying to report earnings on February 26, 2024, sits at a Zacks Rank #3 (Hold) right now. It's Most Accurate Estimate is currently $0.69 a share, and VTRS is 69 days out from its next earnings report.
The Zacks Consensus Estimate for Viatris is $0.67, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +3.5%.
Because both stocks hold a positive Earnings ESP, UNH and VTRS could potentially post earnings beats in their next reports.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
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
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
Viatris Inc. (VTRS) : 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. | Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa. UNH is part of a big group of Medical stocks that boast a positive ESP, and investors may want to take a look at Viatris (VTRS) as well. | Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank. Click to get this free report UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report Viatris Inc. (VTRS) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Earnings ESP, Explained The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. | UnitedHealth Group (UNH) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $5.99 a share, just 24 days from its upcoming earnings release on January 12, 2024. Because both stocks hold a positive Earnings ESP, UNH and VTRS could potentially post earnings beats in their next reports. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 0fbd067d-07f0-43a3-b9c8-8d518de989f7 |
710888.0 | 2023-12-16 00:00:00 UTC | Why Fast-paced Mover Brinker International (EAT) Is a Great Choice for Value Investors | DCOMP | https://www.nasdaq.com/articles/why-fast-paced-mover-brinker-international-eat-is-a-great-choice-for-value-investors | nan | nan | Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
Brinker International (EAT) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 13.1% over the past four weeks positions the stock of this operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. EAT meets this criterion too, as the stock gained 38.8% over the past 12 weeks.
Moreover, the momentum for EAT is fast paced, as the stock currently has a beta of 2.3. This indicates that the stock moves 130% higher than the market in either direction.
Given this price performance, it is no surprise that EAT has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped EAT earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, EAT is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. EAT is currently trading at 0.43 times its sales. In other words, investors need to pay only 43 cents for each dollar of sales.
So, EAT appears to have plenty of room to run, and that too at a fast pace.
In addition to EAT, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
Brinker International, Inc. (EAT) : 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. | A price change of 13.1% over the past four weeks positions the stock of this operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy well in this regard. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, EAT is trading at a reasonable valuation. | While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped EAT earn a Zacks Rank #1 (Strong Buy). Click to get this free report Brinker International, Inc. (EAT) : Free Stock Analysis Report To read this article on Zacks.com click here. | While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that EAT has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, EAT is trading at a reasonable valuation. | Given this price performance, it is no surprise that EAT has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to EAT, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 88c56c5f-e669-4f1f-a680-1ec4161b2f1a |
710889.0 | 2023-12-16 00:00:00 UTC | Despite Fast-paced Momentum, Resideo Technologies (REZI) Is Still a Bargain Stock | DCOMP | https://www.nasdaq.com/articles/despite-fast-paced-momentum-resideo-technologies-rezi-is-still-a-bargain-stock | nan | nan | Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
Resideo Technologies (REZI) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 10.4% over the past four weeks positions the stock of this residential comfort and security systems maker well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. REZI meets this criterion too, as the stock gained 12.7% over the past 12 weeks.
Moreover, the momentum for REZI is fast paced, as the stock currently has a beta of 1.93. This indicates that the stock moves 93% higher than the market in either direction.
Given this price performance, it is no surprise that REZI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped REZI earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, REZI is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. REZI is currently trading at 0.42 times its sales. In other words, investors need to pay only 42 cents for each dollar of sales.
So, REZI appears to have plenty of room to run, and that too at a fast pace.
In addition to REZI, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
Resideo Technologies, Inc. (REZI) : 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. | Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, REZI is trading at a reasonable valuation. | While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped REZI earn a Zacks Rank #1 (Strong Buy). Click to get this free report Resideo Technologies, Inc. (REZI) : Free Stock Analysis Report To read this article on Zacks.com click here. | While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. Given this price performance, it is no surprise that REZI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, REZI is trading at a reasonable valuation. | Given this price performance, it is no surprise that REZI has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. In addition to REZI, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 827e7057-b975-4a34-9dee-07650ad4b469 |
710890.0 | 2023-12-16 00:00:00 UTC | Vinci SA (VCISY) is on the Move, Here's Why the Trend Could be Sustainable | DCOMP | https://www.nasdaq.com/articles/vinci-sa-vcisy-is-on-the-move-heres-why-the-trend-could-be-sustainable | nan | nan | When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Vinci SA (VCISY) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. VCISY is quite a good fit in this regard, gaining 11.6% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 3.2% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, VCISY is currently trading at 84.4% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in VCISY may not reverse anytime soon.
In addition to VCISY, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
Vinci SA (VCISY) : 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. | A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report Vinci SA (VCISY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). | Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. In addition to VCISY, there are several other stocks that currently pass through our "Recent Price Strength" screen. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 2c8548c3-6cc5-4ff5-be5f-da187239c0f6 |
710891.0 | 2023-12-16 00:00:00 UTC | Here's Why Momentum in Primis Financial (FRST) Should Keep going | DCOMP | https://www.nasdaq.com/articles/heres-why-momentum-in-primis-financial-frst-should-keep-going | nan | nan | While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Primis Financial (FRST) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. FRST is quite a good fit in this regard, gaining 42.8% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 11.3% over the past four weeks ensures that the trend is still in place for the stock of this holding company for Sonabank.
Moreover, FRST is currently trading at 80.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in FRST may not reverse anytime soon.
In addition to FRST, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
Primis Financial Corp. (FRST) : 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. | Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. | The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report Primis Financial Corp. (FRST) : Free Stock Analysis Report To read this article on Zacks.com click here. | Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). | So, the price trend in FRST may not reverse anytime soon. In addition to FRST, there are several other stocks that currently pass through our "Recent Price Strength" screen. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | c00df670-1332-4290-945a-cd0e566606f6 |
710892.0 | 2023-12-16 00:00:00 UTC | Here's Why You Should Buy Applied Industrial (AIT) Stock Now | DCOMP | https://www.nasdaq.com/articles/heres-why-you-should-buy-applied-industrial-ait-stock-now | nan | nan | Applied Industrial Technologies, Inc AIT is well poised for growth courtesy of strength across its end markets, strategic acquisitions and focus on improving the product line and operational excellence. The company remains committed on investing in growth opportunities and solidifying its long-term market position.
The company has a market capitalization of $6.7 billion. Over the past six months, it has gained 27.2% compared with the industry’s growth of 8.5%. AIT currently carries a Zacks Rank #2 (Buy).
Image Source: Zacks Investment Research
Let’s delve into the factors that have been aiding the firm for a while now.
Business Strength: Applied Industrial has been benefiting from strength across the food and beverage, lumber and wood, mining, pulp and paper, energy, utilities and refining end markets. Its Service Center Based Distribution segment is witnessing solid growth in larger national accounts and fluid power aftermarket sales.
Sustained Maintenance, Repair and Operations activity and CapEx spending in process flow infrastructure have been aiding the Engineered Solutions segment. Growth in off-highway mobile and industrial fluid power verticals, as well as higher margin process flow control products and solutions, augur well for the Engineered Solutions segment.
Acquisition Benefits: The company remains focused on acquiring businesses to gain access to new customers, regions and product lines. The acquisitions of Bearing Distributors and Cangro (September 2023) enhanced AIT’s footprint and strategic growth initiatives across the U.S. Southeast and upper Northeast regions. Also, the Advanced Motion Systems (April 2023) buyout expanded its footprint in the upper Northeast region of the United States and bolstered relationships with leading suppliers. In first-quarter fiscal 2024, acquisitions had a positive impact of 1.1% on the company's sales.
Shareholder-Friendly Policies: AIT remains committed to rewarding its shareholders through dividend payouts and share buybacks. For instance, in the first quarter of fiscal 2024, the company rewarded shareholders with dividends of $13.55 million, reflecting an increase of 3.4% year over year. Also, it hiked its quarterly dividend rate by 2.9% in January 2023. In August 2022, its board of directors authorized a new share buyback program to repurchase up to 1.5 million shares of its common stock.
Business Initiatives: Applied Industrial’s investments to expand automation, industrial Internet of Things (IIot), digital offerings and customer development initiatives are likely to be beneficial moving ahead. This apart, it is poised to gain from its focus on improving the product line, value-added services and initiatives to drive operational excellence.
3 Other Promising Stocks
We have highlighted three other top-ranked stocks, namely Crane Company CR, Flowserve Corporation FLS and Kadant Inc. KAI. While Crane sports a Zacks Rank #1 (Strong Buy), Flowserve and Kadant, each carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Crane delivered a trailing four-quarter average earnings surprise of 29.8%. In the past 60 days, the Zacks Consensus Estimate for CR’s 2023 earnings has increased 3.7%. The stock has rallied 38.7% in the past six months.
Flowserve has a trailing four-quarter average earnings surprise of 27.3%. The consensus estimate for FLS’ 2023 earnings has increased 2.5% in the past 60 days. Shares of the company have increased 9.5% in the past six months.
Kadant delivered a trailing four-quarter average earnings surprise of 17.3%. In the past 60 days, the consensus estimate for KAI’s 2023 earnings has improved 5.2%. The stock has risen 23.2% in the past six months.
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
Flowserve Corporation (FLS) : Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
Kadant Inc (KAI) : Free Stock Analysis Report
Crane Company (CR) : 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. | Applied Industrial Technologies, Inc AIT is well poised for growth courtesy of strength across its end markets, strategic acquisitions and focus on improving the product line and operational excellence. The acquisitions of Bearing Distributors and Cangro (September 2023) enhanced AIT’s footprint and strategic growth initiatives across the U.S. Southeast and upper Northeast regions. Also, the Advanced Motion Systems (April 2023) buyout expanded its footprint in the upper Northeast region of the United States and bolstered relationships with leading suppliers. | Applied Industrial Technologies, Inc AIT is well poised for growth courtesy of strength across its end markets, strategic acquisitions and focus on improving the product line and operational excellence. 3 Other Promising Stocks We have highlighted three other top-ranked stocks, namely Crane Company CR, Flowserve Corporation FLS and Kadant Inc. KAI. Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Kadant Inc (KAI) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here. | Applied Industrial Technologies, Inc AIT is well poised for growth courtesy of strength across its end markets, strategic acquisitions and focus on improving the product line and operational excellence. 3 Other Promising Stocks We have highlighted three other top-ranked stocks, namely Crane Company CR, Flowserve Corporation FLS and Kadant Inc. KAI. Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report Kadant Inc (KAI) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report To read this article on Zacks.com click here. | Acquisition Benefits: The company remains focused on acquiring businesses to gain access to new customers, regions and product lines. Shares of the company have increased 9.5% in the past six months. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | e6e4541b-007b-43d0-9a65-195c019d63f7 |
710893.0 | 2023-12-16 00:00:00 UTC | Despite Fast-paced Momentum, 8x8 (EGHT) Is Still a Bargain Stock | DCOMP | https://www.nasdaq.com/articles/despite-fast-paced-momentum-8x8-eght-is-still-a-bargain-stock | nan | nan | Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
8x8 (EGHT) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 12%, the stock of this telecommunications services company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. EGHT meets this criterion too, as the stock gained 42% over the past 12 weeks.
Moreover, the momentum for EGHT is fast paced, as the stock currently has a beta of 1.4. This indicates that the stock moves 40% higher than the market in either direction.
Given this price performance, it is no surprise that EGHT has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped EGHT earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, EGHT is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. EGHT is currently trading at 0.59 times its sales. In other words, investors need to pay only 59 cents for each dollar of sales.
So, EGHT appears to have plenty of room to run, and that too at a fast pace.
In addition to EGHT, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
8x8 Inc (EGHT) : 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. | While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, EGHT is trading at a reasonable valuation. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. | While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped EGHT earn a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, EGHT is trading at a reasonable valuation. | While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. While there are numerous reasons why this stock is a great choice, here are the most vital ones: A dash of recent price momentum reflects growing interest of investors in a stock. Given this price performance, it is no surprise that EGHT has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. | While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. In addition to EGHT, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | c5a081e4-5cc7-4103-8d5b-76d4ddd712a0 |
710894.0 | 2023-12-16 00:00:00 UTC | Photronics (PLAB) is on the Move, Here's Why the Trend Could be Sustainable | DCOMP | https://www.nasdaq.com/articles/photronics-plab-is-on-the-move-heres-why-the-trend-could-be-sustainable | nan | nan | When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Photronics (PLAB) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. PLAB is quite a good fit in this regard, gaining 50.5% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 33.9% over the past four weeks ensures that the trend is still in place for the stock of this electronics imaging company.
Moreover, PLAB is currently trading at 94.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in PLAB may not reverse anytime soon.
In addition to PLAB, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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
Photronics, Inc. (PLAB) : 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. | A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. | The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report Photronics, Inc. (PLAB) : Free Stock Analysis Report To read this article on Zacks.com click here. | Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). | Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. There are several stocks that passed through the screen and Photronics (PLAB) is one of them. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 513cd965-801f-4896-9399-8d16097dfb78 |
710895.0 | 2023-12-16 00:00:00 UTC | Carnival (CCL) Gears Up for Q4 Earnings: What's in Store? | DCOMP | https://www.nasdaq.com/articles/carnival-ccl-gears-up-for-q4-earnings%3A-whats-in-store | nan | nan | Carnival Corporation CCL is scheduled to report its fourth-quarter fiscal 2023 results on Dec 21, 2023, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 17.8%.
How Are Estimates Placed?
The Zacks Consensus Estimate for fiscal fourth-quarter bottom line is pegged at a loss of 13 cents. In the prior-year quarter, CCL reported a loss per share of 85 cents.
For revenues, the consensus mark is pegged at $5.32 billion. The metric suggests an increase of 38.5% from the year-ago quarter’s figure.
Let's look at how things have shaped up in the quarter.
Factors to Note
Carnival is anticipated to show year-over-year growth in its fiscal fourth-quarter revenues, driven by enhancements in booking trends and a strong pricing landscape. The company's performance in the quarter is expected to have benefited from increased demand, supported by new marketing initiatives, as well as higher onboard spending facilitated by bundled package deals and pre-cruise sales.
Our model estimates fiscal fourth-quarter passenger ticket revenues to rise 47.6% year over year to $3,350.1 million. We expect onboard and other revenues to increase 19.5% year over year to $1,8761 million.
For the fourth quarter of fiscal 2023, the company expects adjusted EBITDA in the range of $800-$900 million. It expects fiscal fourth-quarter adjusted net income to be between ($225) million and ($125) million. Occupancy during the quarter is estimated to be more than 101%. It expects a fiscal fourth-quarter adjusted loss per share to be between 18 cents and 10 cents.
Carnival Corporation Price and EPS Surprise
Carnival Corporation price-eps-surprise | Carnival Corporation Quote
However, high costs are likely to have hurt the company’s bottom line. For fiscal 2023, it anticipates adjusted cruise costs to remain elevated sequentially, buoyed by a rise in occupancy levels and dry-dock-related expenses. Per our model, total operating expenses in 2023 are expected to have risen 24% year over year to $14.6 billion.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Carnival this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Carnival has an Earnings ESP of -0.60%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently has a Zacks Rank #3.
Stocks Poised to Beat Earnings
Royal Caribbean Cruises Ltd. RCL has an Earnings ESP of +0.39% and a Zacks Rank #1.
Shares of Royal Caribbean have surged 135.3% in the past year. RCL’s earnings beat the consensus mark in all the trailing four quarters, the average surprise being 28.3%.
Live Nation Entertainment, Inc. LYV has an Earnings ESP of +0.98% and a Zacks Rank #1.
Shares of Live Nation have gained 36.4% in the past year. LYV’s earnings beat the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 37.5%.
Cedar Fair, L.P. FUN has an Earnings ESP of +47.83% and a Zacks Rank #3.
Shares of Cedar Fair have declined 0.2% in the past year. FUN’s earnings topped the consensus mark in three of the trailing four quarters and missed once, with the average being 67.3%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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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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Carnival Corporation (CCL) : 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. | Factors to Note Carnival is anticipated to show year-over-year growth in its fiscal fourth-quarter revenues, driven by enhancements in booking trends and a strong pricing landscape. The company's performance in the quarter is expected to have benefited from increased demand, supported by new marketing initiatives, as well as higher onboard spending facilitated by bundled package deals and pre-cruise sales. For fiscal 2023, it anticipates adjusted cruise costs to remain elevated sequentially, buoyed by a rise in occupancy levels and dry-dock-related expenses. | The Zacks Consensus Estimate for fiscal fourth-quarter bottom line is pegged at a loss of 13 cents. Stocks Poised to Beat Earnings Royal Caribbean Cruises Ltd. RCL has an Earnings ESP of +0.39% and a Zacks Rank #1. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report Cedar Fair, L.P. (FUN) : Free Stock Analysis Report To read this article on Zacks.com click here. | The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Stocks Poised to Beat Earnings Royal Caribbean Cruises Ltd. RCL has an Earnings ESP of +0.39% and a Zacks Rank #1. Click to get this free report Carnival Corporation (CCL) : Free Stock Analysis Report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report Cedar Fair, L.P. (FUN) : Free Stock Analysis Report To read this article on Zacks.com click here. | Our model estimates fiscal fourth-quarter passenger ticket revenues to rise 47.6% year over year to $3,350.1 million. We expect onboard and other revenues to increase 19.5% year over year to $1,8761 million. Stocks Poised to Beat Earnings Royal Caribbean Cruises Ltd. RCL has an Earnings ESP of +0.39% and a Zacks Rank #1. | 1fada83d-d98d-4cc7-b429-9670fb65795e |
710896.0 | 2023-12-16 00:00:00 UTC | Here's Why You Should Retain YUM! Brands (YUM) Stock Now | DCOMP | https://www.nasdaq.com/articles/heres-why-you-should-retain-yum-brands-yum-stock-now-4 | nan | nan | Yum! Brands, Inc. YUM will likely benefit from solid comps growth, digital efforts and a Taco Bell performance. Also, the focus on expansion initiatives bodes well. However, a challenging macro environment is a concern.
Let us discuss the factors that highlight why investors should retain the stock for now.
Factors Driving Growth
Despite the challenging macro environment, the company impressed investors with robust same-store sales growth in third-quarter 2023. The company reported consolidated same-store sales growth of 6% year over year. The upside was primarily backed by a rise in dine-in traffic, digital initiatives and strategic third-party partnerships. During the quarter, same-store sales at Taco Bell, KFC and Pizza Hut rose 8%, 6% and 1% year over year, respectively. The company has been benefiting from a recovery in emerging markets. Given the emphasis on consumer value proposition, expanded digital access and franchise partners, the company anticipates the momentum to continue in the upcoming periods.
Yum! Brands implemented various digital features in mobile and online platforms across all brand segments to enhance the guest experience. The company is accelerating its delivery services and the results have been positive. In third-quarter 2023, it reported digital sales of more than $7 billion.
The company reported solid adoption of Dragontail Systems. The initiative paves a path to tap the capabilities of AI to streamline the end-to-end food preparation process and improve delivery capabilities. The company expanded its global adoption of the platform to 28 markets across KFC and Pizza Hut brands. As of the third quarter of 2023, the company onboarded about 1,400 US stores across the Pizza Hut brand under the Dragontail system. By 2023, the company anticipates to include this system in about 8,000 stores internationally.
The company also stated that its in-house developed AI module, Automated Inventory Management or AIM, is expected to be launched across the KFC US system by the 2023-year end. Currently, the AIM ordering technology is at more than 7,000 US restaurants, including 2,700 KFC US Restaurants added in the past quarter. The company reported positive feedback from its franchise partners, envisioning broad consumer appeal and a huge untapped market opportunity.
Yum! Brands is benefiting from increased contributions from Taco Bell. During the third quarter, Taco Bell's revenues were $629 million, up 11% from the year-ago quarter's levels. The upside was primarily backed by same-store sales growth (of 8%) and unit growth (5%). Also, the emphasis on commercial strategies — including building brand buzz, unparalleled value, mass occasions and digital initiatives — bodes well. During the quarter, it reported solid demand patterns for the return of fan favorites, comprising the $5 box. Taco Bell plans on increasing its chicken offerings through the launch of its new Cantina menu, which is expected to roll out in 2024.
YUM continues to focus on expansion efforts to drive growth. Considering its existing footprint of more than 50,000 restaurants worldwide, YUM! Brands believes it can nearly triple its current global presence over the long term. During the third quarter of 2023, the company opened 1,130 gross new units, including 383 gross new units at Pizza Hut and 664 gross new units at KFC. It also reported positive feedback from its franchise partners, envisioning broad consumer appeal and a huge untapped market opportunity. The company is optimistic with respect to its development engine and anticipates it to be a driving factor in the upcoming periods.
Concerns
Image Source: Zacks Investment Research
In the past three months, the company’s shares have gained 2.7% compared with the Retail – Restaurants industry’s 4.3% growth. A challenging macro environment mainly caused the downside.
The company has been persistently shouldering increased expenses, which have been detrimental to margins. In third-quarter 2023, net costs and expenses amounted to $1,095 million compared with $1,094 million reported in the prior-year quarter. Costs associated with brand positioning in all key markets and ongoing investment initiatives are likely to dent margins in the near term. The company is cautious about the uncertain macro environment. Per our model, total costs and expenses in 2024 are expected to rise 3.6% year over year to $4.8 billion.
Zacks Rank & Key Picks
Yum! Brands currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Retail-Wholesale sector include:
Arcos Dorados Holdings Inc. ARCO sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 28.3% on average. Shares of ARCO have surged 57.1% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ARCO’s 2024 sales and earnings per share (EPS) indicates 10.6% and 15.5% growth, respectively, from the year-ago period’s levels.
Brinker International, Inc. EAT sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 223.6%, on average. Shares of EAT have increased 25.9% in the past year.
The Zacks Consensus Estimate for EAT’s 2024 sales and EPS indicates 5.1% and 26.2% growth, respectively, from the year-ago period’s levels.
Wingstop Inc. WING sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 28.9%, on average. The stock has gained 71.5% in the past year.
The Zacks Consensus Estimate for Wingstop’s 2024 sales and EPS suggests rises of 15.6% and 17.5%, respectively, from the year-ago period’s levels.
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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Yum! Brands, Inc. (YUM) : 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 company also stated that its in-house developed AI module, Automated Inventory Management or AIM, is expected to be launched across the KFC US system by the 2023-year end. The company reported positive feedback from its franchise partners, envisioning broad consumer appeal and a huge untapped market opportunity. Image Source: Zacks Investment Research In the past three months, the company’s shares have gained 2.7% compared with the Retail – Restaurants industry’s 4.3% growth. | The company reported positive feedback from its franchise partners, envisioning broad consumer appeal and a huge untapped market opportunity. It also reported positive feedback from its franchise partners, envisioning broad consumer appeal and a huge untapped market opportunity. Brands, Inc. (YUM) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here. | Factors Driving Growth Despite the challenging macro environment, the company impressed investors with robust same-store sales growth in third-quarter 2023. The company reported consolidated same-store sales growth of 6% year over year. Brands, Inc. (YUM) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report To read this article on Zacks.com click here. | Brands, Inc. YUM will likely benefit from solid comps growth, digital efforts and a Taco Bell performance. Factors Driving Growth Despite the challenging macro environment, the company impressed investors with robust same-store sales growth in third-quarter 2023. The Zacks Consensus Estimate for ARCO’s 2024 sales and earnings per share (EPS) indicates 10.6% and 15.5% growth, respectively, from the year-ago period’s levels. | d7d945fc-e834-40c3-b5aa-a2b09f187b4a |
710897.0 | 2023-12-16 00:00:00 UTC | Better Dividend Stock: Bristol Myers Squibb or Merck? | DCOMP | https://www.nasdaq.com/articles/better-dividend-stock%3A-bristol-myers-squibb-or-merck | nan | nan | Buying high-quality dividend stocks and holding them for long periods can be a powerful approach to building wealth. When a stock's cash distribution is reinvested, after all, shareholders can take advantage of the magic of compounding.
Dividend-paying pharma stocks have a well-earned reputation for being some of the most potent wealth builders within the category. The core reasons are these companies operate in a high-growth industry, serve a growing and aging population, and generate enormous free cash flows every year.
Image Source: Getty Images.
Two of the most popular dividend stocks in the large-cap pharma space are Bristol Myers Squibb (NYSE: BMY) (a.k.a. BMS) and Merck (NYSE: MRK). Which one of these major drug manufacturers is the better choice for income investors? Let's compare them on some key metrics to find out.
The case for BMS
BMS stock offers one of the richer payouts in the pharmaceutical industry, with a current yield of 4.72%. Its stock is also cheap, trading at less than 7 times forward earnings. BMS has a long history of rewarding shareholders with dividends, having increased its payout every year for the past 15 years and having paid a dividend for 92 straight years. The dividend is also well-covered by earnings, with a trailing-12-month payout ratio of around 57%.
However, BMS is poised to face some major challenges soon. The company is set to lose patent protection for its three best-selling drugs (Revlimid, Opdivo, and Eliquis) all within the current decade. These drugs account for most of the company's revenue, which has already been impacted by the launch of generic Revlimid last year. By the end of the decade, BMS will likely have to compete against knock-off versions of Opdivo and Eliquis as well.
BMS is trying to overcome these headwinds by launching a variety of new drugs and bringing in additional assets through M&A, but there is no guarantee these efforts will be enough to offset the revenue losses from its aging portfolio. Highlighting this struggle, some analysts covering the stock think BMS' top line will flatline over the next five years.
The case for Merck
With an annualized yield of 2.93%, Merck offers a higher dividend than the average S&P 500 listed stock, but slightly lower than its big pharma peer group average (3.2%). Its stock is also attractively valued at less than 13 times projected earnings. However, Merck's payout ratio of 162% raises some questions about the sustainability of its dividend. Despite its elevated payout ratio, the company has increased its payout every year since 2011, indicating management is committed to paying a top dividend.
Merck, like BMS, will face major patent challenges later this decade, namely for its immuno-oncology blockbuster Keytruda. As a result, analysts have been closely monitoring the drugmaker's pipeline progress recently. The positive news is that Merck seems to have a solid pipeline capable of overcoming this key patent loss, although more M&A may be in the cards.
Verdict
Both BMS and Merck have solid dividend payouts that provide a steady stream of income for investors, as well as decent potential for future growth. However, Merck has a slight edge over BMS in this comparison of big pharma dividend stocks
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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 core reasons are these companies operate in a high-growth industry, serve a growing and aging population, and generate enormous free cash flows every year. BMS is trying to overcome these headwinds by launching a variety of new drugs and bringing in additional assets through M&A, but there is no guarantee these efforts will be enough to offset the revenue losses from its aging portfolio. Verdict Both BMS and Merck have solid dividend payouts that provide a steady stream of income for investors, as well as decent potential for future growth. | The case for Merck With an annualized yield of 2.93%, Merck offers a higher dividend than the average S&P 500 listed stock, but slightly lower than its big pharma peer group average (3.2%). Merck, like BMS, will face major patent challenges later this decade, namely for its immuno-oncology blockbuster Keytruda. Before you buy stock in Bristol Myers Squibb, 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 Bristol Myers Squibb wasn't one of them. | However, Merck has a slight edge over BMS in this comparison of big pharma dividend stocks Should you invest $1,000 in Bristol Myers Squibb right now? Before you buy stock in Bristol Myers Squibb, 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 Bristol Myers Squibb wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 George Budwell has no position in any of the stocks mentioned. | BMS has a long history of rewarding shareholders with dividends, having increased its payout every year for the past 15 years and having paid a dividend for 92 straight years. Merck, like BMS, will face major patent challenges later this decade, namely for its immuno-oncology blockbuster Keytruda. Before you buy stock in Bristol Myers Squibb, 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 Bristol Myers Squibb wasn't one of them. | b624c656-b1aa-4b70-9992-3954b15caa67 |
710898.0 | 2023-12-16 00:00:00 UTC | Airlines Post Impressive November Traffic Numbers: An Analysis | DCOMP | https://www.nasdaq.com/articles/airlines-post-impressive-november-traffic-numbers%3A-an-analysis | nan | nan | The record-breaking traffic during the Thanksgiving period has provided a much-needed boost to the airline stocks in the sector after a few tough months due to headwinds like high labor and fuel costs and a slowdown in domestic air travel demand. The industry is witnessing a solid recovery in demand for domestic as well as international flights. People are again booking flights, thereby leading to higher passenger revenues, which contribute to the bulk of most airlines’ top lines.
Impressive air traffic has led to a 15.6% appreciation in the Zacks Airline industry so far this year. This northward movement compares favorably with the 11.6% rise recorded by the broader Zacks Transportation sector in the same time frame.
Driven by the buoyant scenario with respect to air traffic, Copa Holdings (CPA), Azul S.A. (AZUL) and Ryanair Holdings (RYAAY) reported impressive traffic numbers for November. CPA, AZUL and RYAAY carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Let’s take an in-depth look at these companies’ November traffic reports.
Driven by high passenger volumes, Copa Holdings’ revenue passenger miles (a measure of traffic) rose in double digits in November on a year-over-year basis. To match the demand swell, CPA is increasing its capacity. In November, available seat miles (a measure of capacity) increased 11.9% year over year. Revenue passenger miles increased 12.4%. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87.4% from 87.1% in November 2022.
Brazilian carrier, Azul also reported year-over-year increases in traffic and capacity for November 2023. AZUL’s consolidated revenue passenger kilometers and available seat kilometers increased 8.2% and 8.7%, respectively, on a year-over-year basis. The load factor came in at 79.2% in November 2023.
On the domestic front, revenue passenger kilometers and available seat kilometers increased 1.7% and 3.3%, year over year, respectively. The load factor came in at 78.2% in November 2023.
Internationally, revenue passenger kilometers and available seat kilometers increased 38.6% and 33.9%, respectively, on a year-over-year basis. The load factor increased to 82.5% from 79.7% in November 2022.
Ryanair, a European carrier, also reported solid traffic numbers for November, driven by upbeat air-travel demand. The number of passengers ferried on RYAAY flights in September was 11.7 million, implying that 4% more passengers flew than a year ago. The load factor was high at 92% in November 2023. The reading was similar in the year-ago period. RYAAY operated more than 66,400 flights in November 2023. However, more than 960 flights got canceled due to the Israel/Gaza conflict.
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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 record-breaking traffic during the Thanksgiving period has provided a much-needed boost to the airline stocks in the sector after a few tough months due to headwinds like high labor and fuel costs and a slowdown in domestic air travel demand. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87.4% from 87.1% in November 2022. From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. | Driven by the buoyant scenario with respect to air traffic, Copa Holdings (CPA), Azul S.A. (AZUL) and Ryanair Holdings (RYAAY) reported impressive traffic numbers for November. Driven by high passenger volumes, Copa Holdings’ revenue passenger miles (a measure of traffic) rose in double digits in November on a year-over-year basis. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. | Driven by the buoyant scenario with respect to air traffic, Copa Holdings (CPA), Azul S.A. (AZUL) and Ryanair Holdings (RYAAY) reported impressive traffic numbers for November. Driven by high passenger volumes, Copa Holdings’ revenue passenger miles (a measure of traffic) rose in double digits in November on a year-over-year basis. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. | In November, available seat miles (a measure of capacity) increased 11.9% year over year. Revenue passenger miles increased 12.4%. Brazilian carrier, Azul also reported year-over-year increases in traffic and capacity for November 2023. | b8df7454-23e5-4316-9c81-a9e65e44ed35 |
710899.0 | 2023-12-16 00:00:00 UTC | Here's Why Momentum in Vistra Corp. (VST) Should Keep going | DCOMP | https://www.nasdaq.com/articles/heres-why-momentum-in-vistra-corp.-vst-should-keep-going-0 | nan | nan | Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Vistra Corp. (VST) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. VST is quite a good fit in this regard, gaining 12.2% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 8.9% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, VST is currently trading at 96.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in VST may not reverse anytime soon.
In addition to VST, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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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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Vistra Corp. (VST) : 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. | This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. 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 stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). Click to get this free report Vistra Corp. (VST) : Free Stock Analysis Report To read this article on Zacks.com click here. | Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). | So, the price trend in VST may not reverse anytime soon. In addition to VST, there are several other stocks that currently pass through our "Recent Price Strength" screen. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | d953a531-d76d-4072-aec0-b3537746ea70 |
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