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711000.0 | 2023-12-16 00:00:00 UTC | ‘All Aboard’: Jefferies Says Solar Stocks Offer a Positive Risk-Reward — Here Are 2 Names to Take Advantage | DCOMP | https://www.nasdaq.com/articles/all-aboard%3A-jefferies-says-solar-stocks-offer-a-positive-risk-reward-here-are-2-names-to | nan | nan | The pace of inflation is slowing down, and investors are starting to price in higher odds of interest rate cuts next year – but the ripples of the high inflation/high rates regime still linger. Consumer costs are up, and credit is harder to come by; financing for large projects is both harder to get and more expensive to pay for. Plenty of sectors are feeling the pressure.
And this brings us to the residential solar market. Solar stocks depend on both homeowners and the availability of financing for their livelihoods; the pressure on residential solar providers has been real in recent months. Solar stocks were volatile this past year, and year-to-date losses were not uncommon in the sector. But the thought of rate cuts next year, more probable after the Fed’s last meeting, is breathing new life into solar shares.
Sector expert Dushyant Ailani, writing from Jefferies, lays out the recent swoon and near-term potential: “Solar manufacturers have underperformed the S&P500 by ~60% YTD, driven by higher (for longer?) interest rate environment, interconnection delays pushing out projects, regulatory change (NEM 3.0) in California, and excess inventory in the system. We are starting to see some data points that could potentially lead to a turnaround for the sector namely: (1) potential Fed Funds rate cut expected by JEF economists in 2024, (2) data for residential solar permits showing signs of bottoming, and (3) FERC's new interconnection rules potentially easing some of the backlog we have seen build up over the last few years. We view these data points as tailwinds in attracting investors back into the sector.”
Ailani doesn't leave us with a macro view of the sector. The analyst delves into the micro level, selecting two solar stocks that are shouting ‘All aboard!’ to investors, as the market warms again. We ran them through the TipRanks database to see what makes them stand out.
Sunrun, Inc. (RUN)
We’ll start our look at solar stocks with Sunrun, the leading company in the US residential solar power industry, with the largest market share – an absolute majority – among its peers. The company provides a full range of services in its niche, including designing and installing custom-made solar power installations for single-family homes. Made-to-order is an important selling point, as many single-family homes are highly modified from their original construction, so that it’s uncommon to find two that are identical. Sunrun has the expertise to cope with this and to create solar power systems that fit the customer’s residence.
The residential solar industry has come a long way from the days of Jimmy Carter when the 39th President had rooftop solar panels installed on the White House. Sunrun’s projects are high-end package deals and include modern photovoltaic panels, grid connections, ‘smart home’ power control systems, and power storage batteries, all designed to meet the homeowner’s electrical load needs.
Sunrun has a financial division as well and can offer a variety of payment plan options for its customers. Buyers can choose to pay ‘cash on the barrel,’ in advance and in full, or can use the company’s financing options to set up payment plans. These can be based on long-term amortization or even on an equipment ‘lease,’ with monthly payments. The prospect of lower interest rates starting as early as next year should ease the pressure on prospective customers by making such financing plans more affordable.
In the meantime, we can look back at Sunrun’s last financial release – from 3Q23, announced at the beginning of November – for a snapshot of where the company stands right now. Sunrun showed some solid metrics in that report, including 33,806 net customer additions of whom 29,303 were added as subscription customers. The company had, as of September 30, a total of 903,270 customers, including 754,087 subscribers. Year-over-year, the company’s customer base has expanded by 19%.
At the top line, Sunrun showed $593.2 million in total revenue. This was down 11% year-over-year and missed the forecast by almost $12 million. At the bottom line, however, the non-GAAP EPS figure of 40 cents per diluted share, based on $88.5 million in net income, was an impressive 56 cents per share ahead of the forecast.
For Ailani, the key point is Sunrun’s leading market share in the residential solar industry. The Jefferies analyst writes, “As the leading clean energy provider under a subscription service, and with over a 60% residential market share of new subscriptions, Sunrun is well poised to take advantage of the growth in resi solar after a disappointing 2023. We see upside to Sunrun's NSV driven by cost deflation, ITC adders and product mix shift to solar + storage vs solar only. The company's storage attach rates improved to ~33% in 3Q from ~15% in 1Q23, and we expect the rates to trend to ~40% in 2024 and closer to ~50% in 2025. In a high interest rates environment, we expect RUN's total customer base to increase by 15% / 13% in ‘24 / ‘25, with ~90% being Subscribers.”
These comments support the analyst’s Buy rating on Sunrun shares, and his $25 price target implies a bullish one-year upside potential of ~39%. (To watch Ailani’s track record, click here)
Overall, Sunrun has picked up plenty of attention from the Street’s analysts – 21 recent analyst reviews, including 15 Buys and 6 Holds, give the stock its Moderate Buy consensus rating. (See Sunrun stock forecast)
First Solar (FSLR)
The second stock we’ll look at, First Solar, has been in the US solar power market since 1999 and is currently a leader among US-domiciled photovoltaic panel producers. The company has an international manufacturing footprint, with development and assembly facilities in India, Vietnam, and Malaysia, as well as several facilities in the US, in the state of Ohio. First Solar is the largest manufacturer of solar panels in the Western Hemisphere.
The company is pursuing an aggressive expansion plan, buoyed by the social and political forces promoting various clean energy initiatives, including solar power. First Solar reports that it is on track to have 25 gigawatts of solar power generation built and online by 2026 and has accumulated a total R&D spend of $1.5 billion in pursuit of that goal. The company's heavy investment in R&D is part of its commitment to environmental protection and quality. This commitment has led directly to its use of advanced thin-film photovoltaic modules, which have set an industry standard in the combination of durability and reliability while minimizing environmental impact.
First Solar has organized its manufacturing processes to avoid dependence on Chinese crystalline silicon. The company uses a proprietary process that allows the transformation of glass sheets into functional solar panels in approximately 4 hours. First Solar’s cadmium-telluride (CadTel) technology utilizes the byproducts of copper and zinc mining to create a photovoltaic panel at a lower cost and with superior performance compared to traditional designs.
In line with the company’s commitment to maintaining environmental quality, First Solar has a goal of converting 100% of its global manufacturing operations to renewable energy sources by 2028. In the longer term, the company aims for a Net Zero carbon footprint by 2050. Already, the company uses less water, energy, and semiconductor material than companies producing crystalline silicon panels.
When we turn to First Solar’s financial performance, we find that the company reported $801 million in net sales for 3Q23, the last reported quarter. This result was down 27% year-over-year, which is typical of the industry this year, given the difficult credit environment. It also missed expectations by $91.25 million. However, the bottom line figure beat the forecasts, coming in at $2.50 per diluted share, which is 46 cents per share better than had been anticipated.
What has really caught investors' attention here, however, is the company’s forward guidance. First Solar issued full-year 2023 revenue guidance in the range of $3.4 billion to $3.6 billion, which was in-line with the consensus $3.5 billion figure. But when it comes to earnings, the company bumped up the lower end of its full-year EPS guidance, from $7 to $8 per share to $7.20 to $8 per share. The consensus on EPS was $7.59. The sound guidance reflects the company’s solid work backlog, which was reported to total 81.8 gigawatts at the end of Q3.
Setting out the Jefferies view, analyst Ailani takes heart from First Solar’s strong existing position and sound prospects for continued work. He writes, “First Solar's exposure to utility scale and strong backlog insulates it well against near term volatility inherent in the sector. The company is well-positioned to benefit from its strong ~82GW backlog and potential upside to ASP. Furthermore, we expect gross margin expansion from 18% in ‘23 to 25% in ‘25, which is in the low end of company guidance. First Solar is also leading peers in expanding capacity in the US to take adv of the IRA credits which can add to gross margins, to ~53% by ‘25.”
To quantify his stance, the analyst rates FSLR shares as a Buy, and puts a $211 price target here to suggests a 27% upside in the next 12 months. (To watch Ailani’s track record, click here)
Like Sunrun above, First Solar has attracted plenty of notice from the Street, in the form of 21 recent analyst reviews that include 17 Buys and 4 Holds for a Strong Buy consensus rating. (See FSLR stock forecast)
To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Sector expert Dushyant Ailani, writing from Jefferies, lays out the recent swoon and near-term potential: “Solar manufacturers have underperformed the S&P500 by ~60% YTD, driven by higher (for longer?) First Solar’s cadmium-telluride (CadTel) technology utilizes the byproducts of copper and zinc mining to create a photovoltaic panel at a lower cost and with superior performance compared to traditional designs. First Solar is also leading peers in expanding capacity in the US to take adv of the IRA credits which can add to gross margins, to ~53% by ‘25.” To quantify his stance, the analyst rates FSLR shares as a Buy, and puts a $211 price target here to suggests a 27% upside in the next 12 months. | Sunrun, Inc. (RUN) We’ll start our look at solar stocks with Sunrun, the leading company in the US residential solar power industry, with the largest market share – an absolute majority – among its peers. In a high interest rates environment, we expect RUN's total customer base to increase by 15% / 13% in ‘24 / ‘25, with ~90% being Subscribers.” These comments support the analyst’s Buy rating on Sunrun shares, and his $25 price target implies a bullish one-year upside potential of ~39%. (To watch Ailani’s track record, click here) Overall, Sunrun has picked up plenty of attention from the Street’s analysts – 21 recent analyst reviews, including 15 Buys and 6 Holds, give the stock its Moderate Buy consensus rating. | Sunrun, Inc. (RUN) We’ll start our look at solar stocks with Sunrun, the leading company in the US residential solar power industry, with the largest market share – an absolute majority – among its peers. (See Sunrun stock forecast) First Solar (FSLR) The second stock we’ll look at, First Solar, has been in the US solar power market since 1999 and is currently a leader among US-domiciled photovoltaic panel producers. (To watch Ailani’s track record, click here) Like Sunrun above, First Solar has attracted plenty of notice from the Street, in the form of 21 recent analyst reviews that include 17 Buys and 4 Holds for a Strong Buy consensus rating. | In a high interest rates environment, we expect RUN's total customer base to increase by 15% / 13% in ‘24 / ‘25, with ~90% being Subscribers.” These comments support the analyst’s Buy rating on Sunrun shares, and his $25 price target implies a bullish one-year upside potential of ~39%. (See Sunrun stock forecast) First Solar (FSLR) The second stock we’ll look at, First Solar, has been in the US solar power market since 1999 and is currently a leader among US-domiciled photovoltaic panel producers. The sound guidance reflects the company’s solid work backlog, which was reported to total 81.8 gigawatts at the end of Q3. | 6617bff3-d9af-4948-ad4b-0711f7592af2 |
711001.0 | 2023-12-16 00:00:00 UTC | This Ridiculously Cheap Warren Buffett Stock Could Help Make You Richer | DCOMP | https://www.nasdaq.com/articles/this-ridiculously-cheap-warren-buffett-stock-could-help-make-you-richer-3 | nan | nan | Warren Buffett has enjoyed some big advantages that helped him along the way as he amassed his investing fortune. One of the most impactful has been time. The billionaire credits the many decades he's had as an investor for being a key factor supporting his success. "It helps to start early and live into your 90s," he said in this year's letter to Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders.
For the last 30 of those years, Buffett has made Coca-Cola (NYSE: KO) an important part of Berkshire's portfolio. He accumulated 400 million shares of the beverage titan by 1994 and now counts over $700 million in annual dividend payments from that single investment. It's true that Coke isn't as cheap as it was back in the '90s, but it is still priced at a great value today. Here's why.
Still growing
Wall Street has avoided Coca-Cola's shares this year, either because investors were more focused on high-growth tech stocks or because they were worried that the company's best days are behind it. Yet this is an impressive growth stock, too.
Sure, the company is facing demand pressures as some consumers move away from traditional soda drinks. But Coke has complimented its huge portfolio of core soda brands with offerings in popular growth niches like sparkling waters, teas, and energy drinks.
This strategy is helping deliver solid revenue gains. Organic sales were up a healthy 11% last quarter, in fact. Coke is achieving this growth through a mix of rising prices and increased volumes. That's a great sign for investors who simply want to patiently hold the stock as Coke improves on its already impressive market share in the global beverage industry.
Margins are rising
Coke is among the most impressive businesses on the planet when it comes to financial strength. Start with profit margin, which last quarter held steady at a blazing 30% of sales. That's roughly double the rate that PepsiCo (NASDAQ: PEP) generates across its portfolio of beverage and snack food brands.
KO Operating Margin (TTM) data by YCharts
Coke produces a flood of free cash flow, too, thanks to assets like its massive global reach and highly efficient infrastructure. This cash allows Coke to invest aggressively in areas like marketing while still delivering direct cash returns through stock buybacks and dividend payments.
Dividend and price
That dividend has risen for more than 60 consecutive years, which is a testament to Coke's enduring competitive strength. The next annual increase should be ample given that management is expecting to finish 2023 with an increase in earnings per share of as much as 14%.
But the best news is that Coke stock looks cheap. Its shares have fallen this year through mid-December even as the broader market has rallied. You can now own Coke for less than 6 times annual sales, down from about 6.5 times sales at the start of the year.
That discount makes no sense given that Coca-Cola is gaining market share and improving on its already stellar profit margin. And a rising dividend should support even better returns for shareholders who choose to reinvest those increasing payments. Coke might not be in your portfolio for several decades like it has been for Warren Buffett. But it can make you richer over the long term.
Should you invest $1,000 in Coca-Cola right now?
Before you buy stock in Coca-Cola, 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 Coca-Cola wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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*Stock Advisor returns as of December 11, 2023
Demitri Kalogeropoulos has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola. 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. | Still growing Wall Street has avoided Coca-Cola's shares this year, either because investors were more focused on high-growth tech stocks or because they were worried that the company's best days are behind it. But Coke has complimented its huge portfolio of core soda brands with offerings in popular growth niches like sparkling waters, teas, and energy drinks. KO Operating Margin (TTM) data by YCharts Coke produces a flood of free cash flow, too, thanks to assets like its massive global reach and highly efficient infrastructure. | For the last 30 of those years, Buffett has made Coca-Cola (NYSE: KO) an important part of Berkshire's portfolio. That's a great sign for investors who simply want to patiently hold the stock as Coke improves on its already impressive market share in the global beverage industry. Before you buy stock in Coca-Cola, 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 Coca-Cola wasn't one of them. | That's a great sign for investors who simply want to patiently hold the stock as Coke improves on its already impressive market share in the global beverage industry. This cash allows Coke to invest aggressively in areas like marketing while still delivering direct cash returns through stock buybacks and dividend payments. Before you buy stock in Coca-Cola, 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 Coca-Cola wasn't one of them. | This cash allows Coke to invest aggressively in areas like marketing while still delivering direct cash returns through stock buybacks and dividend payments. Should you invest $1,000 in Coca-Cola right now? Before you buy stock in Coca-Cola, 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 Coca-Cola wasn't one of them. | cadc79a9-d18c-4aeb-afdd-ac7c6d66dd51 |
711002.0 | 2023-12-16 00:00:00 UTC | 3 Growth Stocks Billionaire Money Managers Absolutely Want to Own in 2024 | DCOMP | https://www.nasdaq.com/articles/3-growth-stocks-billionaire-money-managers-absolutely-want-to-own-in-2024 | nan | nan | With less than two weeks to go before crossing the finishing line for 2023, it's safe to say it's been a phenomenally strong year for the stock market. The iconic Dow Jones Industrial Average recently hit an all-time closing high, while the benchmark S&P 500 and growth-driven Nasdaq Composite are respectively higher by 23% and 42% on a year-to-date basis, as of Dec. 15.
Yet in spite of these already huge gains, some of Wall Street's smartest and most-successful money managers are positioning their funds to benefit from a continued surge in growth stocks in the new year. Based on the latest round of Form 13F filings with the Securities and Exchange Commission, billionaire money managers absolutely want to own the following three growth stocks in 2024.
Image source: Getty Images.
Palantir Technologies
The first high-powered growth stock that billionaire investors have flocked to is data-mining company Palantir Technologies (NYSE: PLTR). The third quarter saw six billionaire asset managers add to their funds' existing positions or open a new position, including (total shares purchased in parenthesis):
David Siegel and John Overdeck of Two Sigma Investments (4,655,969 shares)
Jim Simons of Renaissance Technologies (3,805,496 shares)
Philippe Laffont of Coatue Management (893,931 shares)
Israel Englander of Millennium Management (604,716 shares)
Jaff Yass of Susquehanna International (509,063 shares)
The lure of Palantir Technologies likely boils down to four factors.
To start with, Palantir has turned the corner to recurring profitability on the basis of generally accepted accounting principles (GAAP). Mindful cost-cutting, coupled with a steady double-digit growth rate, have pushed Palantir into the recurring profit column faster than Wall Street had expected. Although the company's price-to-earnings (P/E) ratio is still at nosebleed levels, the simple fact that it's profitable on a GAAP basis somewhat changes the dynamic of the valuation discussion.
Secondly, there's a lot of excitement surrounding artificial intelligence (AI), and Palantir gives investors the ability to have a front-row seat to this next-big-thing investment. Palantir's Gotham platform is driven by AI and machine learning to assist federal agencies with mission planning, data culling, and a host of other tasks. The analysts at PwC have estimated that AI could boost global gross domestic product by close to $16 trillion come 2030.
Another factor at play is the early innings growth potential of Palantir's Foundry platform. Foundry offers solutions to businesses that'll help them make sense of big data, with the purpose of streamlining their operations. Foundry's commercial customer count grew by a hearty 34% in the September-ended quarter from the prior-year period.
Lastly, there are no large-scale substitutes for Palantir. Though its stock may be pricey, no other company services federal agencies and wide-ranging businesses with AI-driven, dynamic solutions quite like Palantir. This gives it an incredibly sturdy moat.
Meta Platforms
Third-quarter 13F filings also make it abundantly clear that billionaire money managers absolutely want to own shares of social media stock Meta Platforms (NASDAQ: META) in the new year. A grand total of 10 billionaires opened a position in, or added to their existing position in, Meta Platforms in the September-ended quarter, including (total shares purchased in parenthesis):
Stephen Mandel of Lone Pine Capital (2,779,103 shares)
Dan Loeb of Third Point (1,100,000 shares)
David Siegel and John Overdeck of Two Sigma Investments (583,953 shares)
Steven Cohen of Point72 Asset Management (525,573 shares)
Philippe Laffont of Coatue Management (496,278 shares)
Ole Andreas Halvorsen of Viking Global Investors (462,474 shares)
David Tepper of Appaloosa Management (447,500 shares)
Chase Coleman of Tiger Global Management (330,800 shares)
Ken Fisher of Fisher Asset Management (158,862 shares)
The likeliest reason these 10 billionaire investors have plowed their respective fund's money into Meta is its dominance in the social media space. Despite seemingly never-ending competition, Meta's social media "real estate" consistently sits at the top of the pecking order. Facebook, Instagram, WhatsApp, and Facebook Messenger are among the four most-downloaded apps globally.
To build on this point, the sheer number of monthly active users (MAUs) Meta is able to draw in with its social media apps is jaw-dropping. The September-ended quarter featured 3.96 billion MAUs from its family of apps. That's more than half of the world's adult population visiting a Meta-owned asset at least once monthly. It's precisely the reason why Meta can typically command strong ad-pricing power.
Billionaire money managers are probably also enamored with Meta's cash flow and its balance sheet. This is a company that closed out the September quarter with north of $61 billion in cash, cash equivalents, and marketable securities, as well as $51.7 billion in net cash from operations through the first nine months of 2023. Meta's pristine balance sheet affords risk-tasking that most other companies couldn't even dream about.
For example, CEO Mark Zuckerberg is intent on aggressively innovating with regard to augmented and virtual reality. Despite steep losses from Meta's Reality Labs segment, the company remains quite profitable and is still easily growing its cash pile.
There's an intriguing value proposition with Meta, as well. Even after more than tripling from its 2022 bear market low, it's trading a sizable discount to its cash flow multiple over the previous five years.
Image source: Walt Disney.
Walt Disney
The third growth stock billionaire money managers absolutely want to own in 2024 is media giant Walt Disney (NYSE: DIS). Based on the latest round of 13Fs, four prominent billionaire investors piled into the famed "House of Mouse," including (total shares purchased in parenthesis):
Nelson Peltz of Trian Fund Management (26,443,257 shares)
Israel Englander of Millennium Management (2,963,518 shares)
Ken Griffin of Citadel Advisors (568,101 shares)
Ken Fisher of Fisher Asset Management (399,294 shares)
Arguably the top catalyst for Walt Disney is the normalization of its operations worldwide. The COVID-19 pandemic clobbered both its theme-park operations and film entertainment segment. With China abandoning its stringent COVID-19 mitigation measures last December, and consumers steadily returning to theaters, there's a clear path for Disney to return to strong top- and bottom-line growth.
Another reason billionaire investors are drawn to Walt Disney is the company's irreplaceability. While there are plenty of other theme-park operators and content creators, none has the characters or engagement factor that Disney brings to the table. It's one of the few companies that can easily transcend generational gaps and help grandparents and grandchildren find common ground through fun and imagination. This uniqueness means Disney has a virtually impenetrable moat in the entertainment arena.
In addition to its sustained competitive advantages, Walt Disney is able to use pricing power to its advantage. The admission price to Disneyland has risen by more than 10,000% since the park opened its gates in 1955. That's about 10 times the aggregate U.S. inflation rate over the past 68 years.
Disney's pricing power is going to come in especially handy with its burgeoning streaming segment. Increasing monthly prices across all tiers without losing too many of the company's loyal subscribers is the primary catalyst that can push the company's streaming services to profitability by the end of Disney's fiscal year (Sept. 28, 2024).
A forward P/E ratio of less than 18 looks like a bargain for a brand-name company that's expected to grow its earnings per share by an annualized 15.6% over the next five years.
Should you invest $1,000 in Palantir Technologies right now?
Before you buy stock in Palantir Technologies, 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 Palantir Technologies 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
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Sean Williams has positions in Meta Platforms. The Motley Fool has positions in and recommends Meta Platforms, Palantir Technologies, and Walt Disney. 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. | The iconic Dow Jones Industrial Average recently hit an all-time closing high, while the benchmark S&P 500 and growth-driven Nasdaq Composite are respectively higher by 23% and 42% on a year-to-date basis, as of Dec. 15. Yet in spite of these already huge gains, some of Wall Street's smartest and most-successful money managers are positioning their funds to benefit from a continued surge in growth stocks in the new year. Palantir's Gotham platform is driven by AI and machine learning to assist federal agencies with mission planning, data culling, and a host of other tasks. | The third quarter saw six billionaire asset managers add to their funds' existing positions or open a new position, including (total shares purchased in parenthesis): David Siegel and John Overdeck of Two Sigma Investments (4,655,969 shares) Jim Simons of Renaissance Technologies (3,805,496 shares) Philippe Laffont of Coatue Management (893,931 shares) Israel Englander of Millennium Management (604,716 shares) Jaff Yass of Susquehanna International (509,063 shares) The lure of Palantir Technologies likely boils down to four factors. A grand total of 10 billionaires opened a position in, or added to their existing position in, Meta Platforms in the September-ended quarter, including (total shares purchased in parenthesis): Stephen Mandel of Lone Pine Capital (2,779,103 shares) Dan Loeb of Third Point (1,100,000 shares) David Siegel and John Overdeck of Two Sigma Investments (583,953 shares) Steven Cohen of Point72 Asset Management (525,573 shares) Philippe Laffont of Coatue Management (496,278 shares) Ole Andreas Halvorsen of Viking Global Investors (462,474 shares) David Tepper of Appaloosa Management (447,500 shares) Chase Coleman of Tiger Global Management (330,800 shares) Ken Fisher of Fisher Asset Management (158,862 shares) The likeliest reason these 10 billionaire investors have plowed their respective fund's money into Meta is its dominance in the social media space. Based on the latest round of 13Fs, four prominent billionaire investors piled into the famed "House of Mouse," including (total shares purchased in parenthesis): Nelson Peltz of Trian Fund Management (26,443,257 shares) Israel Englander of Millennium Management (2,963,518 shares) Ken Griffin of Citadel Advisors (568,101 shares) Ken Fisher of Fisher Asset Management (399,294 shares) Arguably the top catalyst for Walt Disney is the normalization of its operations worldwide. | The third quarter saw six billionaire asset managers add to their funds' existing positions or open a new position, including (total shares purchased in parenthesis): David Siegel and John Overdeck of Two Sigma Investments (4,655,969 shares) Jim Simons of Renaissance Technologies (3,805,496 shares) Philippe Laffont of Coatue Management (893,931 shares) Israel Englander of Millennium Management (604,716 shares) Jaff Yass of Susquehanna International (509,063 shares) The lure of Palantir Technologies likely boils down to four factors. A grand total of 10 billionaires opened a position in, or added to their existing position in, Meta Platforms in the September-ended quarter, including (total shares purchased in parenthesis): Stephen Mandel of Lone Pine Capital (2,779,103 shares) Dan Loeb of Third Point (1,100,000 shares) David Siegel and John Overdeck of Two Sigma Investments (583,953 shares) Steven Cohen of Point72 Asset Management (525,573 shares) Philippe Laffont of Coatue Management (496,278 shares) Ole Andreas Halvorsen of Viking Global Investors (462,474 shares) David Tepper of Appaloosa Management (447,500 shares) Chase Coleman of Tiger Global Management (330,800 shares) Ken Fisher of Fisher Asset Management (158,862 shares) The likeliest reason these 10 billionaire investors have plowed their respective fund's money into Meta is its dominance in the social media space. Based on the latest round of 13Fs, four prominent billionaire investors piled into the famed "House of Mouse," including (total shares purchased in parenthesis): Nelson Peltz of Trian Fund Management (26,443,257 shares) Israel Englander of Millennium Management (2,963,518 shares) Ken Griffin of Citadel Advisors (568,101 shares) Ken Fisher of Fisher Asset Management (399,294 shares) Arguably the top catalyst for Walt Disney is the normalization of its operations worldwide. | Meta Platforms Third-quarter 13F filings also make it abundantly clear that billionaire money managers absolutely want to own shares of social media stock Meta Platforms (NASDAQ: META) in the new year. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*. The Motley Fool has positions in and recommends Meta Platforms, Palantir Technologies, and Walt Disney. | 48cdf3c4-a1a0-4aa6-a6e6-dc17b48db468 |
711003.0 | 2023-12-16 00:00:00 UTC | Franklin Covey (FC) Beats Stock Market Upswing: What Investors Need to Know | DCOMP | https://www.nasdaq.com/articles/franklin-covey-fc-beats-stock-market-upswing%3A-what-investors-need-to-know | nan | nan | Franklin Covey (FC) closed the latest trading day at $40.70, indicating a +0.94% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.45%.
Analysts and investors alike will be keeping a close eye on the performance of Franklin Covey in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.23, marking a 28.13% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $67.03 million, indicating a 3.38% decline compared to the corresponding quarter of the prior year.
FC's full-year Zacks Consensus Estimates are calling for earnings of $1.94 per share and revenue of $301.28 million. These results would represent year-over-year changes of +56.45% and +7.4%, respectively.
Any recent changes to analyst estimates for Franklin Covey should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Franklin Covey possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Franklin Covey is at present trading with a Forward P/E ratio of 20.81. This indicates a premium in contrast to its industry's Forward P/E of 20.66.
We can also see that FC currently has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Consulting Services industry had an average PEG ratio of 1.33 as trading concluded yesterday.
The Consulting Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 40, placing it within the top 16% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Franklin Covey (FC) closed the latest trading day at $40.70, indicating a +0.94% change from the previous session's end. In the meantime, our current consensus estimate forecasts the revenue to be $67.03 million, indicating a 3.38% decline compared to the corresponding quarter of the prior year. 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%. | Franklin Covey (FC) closed the latest trading day at $40.70, indicating a +0.94% change from the previous session's end. Any recent changes to analyst estimates for Franklin Covey should also be noted by investors. Click to get this free report Franklin Covey Company (FC) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. At present, this industry carries a Zacks Industry Rank of 40, placing it within the top 16% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. | Franklin Covey (FC) closed the latest trading day at $40.70, indicating a +0.94% change from the previous session's end. At present, this industry carries a Zacks Industry Rank of 40, placing it within the top 16% of over 250 industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | b4fe4400-9134-4bfd-ade6-a85a5904c1c2 |
711004.0 | 2023-12-16 00:00:00 UTC | Is Verizon an Excellent Dividend Stock to Buy for 2024? | DCOMP | https://www.nasdaq.com/articles/is-verizon-an-excellent-dividend-stock-to-buy-for-2024 | nan | nan | Fool.com contributor Parkev Tatevosian evaluates Verizon (NYSE: VZ) stock by looking at its financial metrics and ability to sustain its robust dividend yield in the long term.
*Stock prices used were the afternoon prices of Dec. 16, 2023. The video was published on Dec. 18, 2023.
Should you invest $1,000 in Verizon Communications right now?
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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fool.com contributor Parkev Tatevosian evaluates Verizon (NYSE: VZ) stock by looking at its financial metrics and ability to sustain its robust dividend yield in the long term. The 10 stocks that made the cut could produce monster returns in the coming years. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. | Before you buy stock in Verizon Communications, 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 Verizon Communications wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Verizon Communications. | Before you buy stock in Verizon Communications, 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 Verizon Communications wasn't one of them. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. | Before you buy stock in Verizon Communications, 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 Verizon Communications wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. | b62aea24-b1b0-4013-8191-0853c05a6e21 |
711005.0 | 2023-12-16 00:00:00 UTC | 2 Top Warren Buffett Stocks to Buy Right Now | DCOMP | https://www.nasdaq.com/articles/2-top-warren-buffett-stocks-to-buy-right-now-14 | nan | nan | Warren Buffett is considered among the greatest investors of all time, having helped Berkshire Hathaway generate a compound annual gain of 19.8% from 1965 to 2022, smashing the S&P 500's total return of 9.9%. With Buffett's long track record, investors would be wise to read about his techniques, which he generously shares in his annual letter to shareholders. In recent years, Buffett has highlighted the importance of retained earnings.
Let's delve into the retained earnings formula, explore why Buffett favors this metric, and highlight two stocks in Berkshire's portfolio that excel at it.
What are retained earnings?
Retained earnings is a line item on the balance sheet demonstrating a company's accumulated profits over its lifetime. It is calculated by taking a company's net lifetime earnings and subtracting its dividends paid (and any net losses). Companies can use retained earnings to expand, make acquisitions, pay down debt, and repurchase their stock.
Buffett prefers to simplify the metric by focusing only on a company's annual earnings and dividends paid. That is because share repurchases can significantly distort the metric you see on the balance sheet. One of Buffett's favorite stocks, Apple, has surprisingly low lifetime retained earnings, at -$214 million. This is because of Apple's sheer number of share repurchases through the constructive retirement method, which assumes the shares will never be reissued, affecting retained earnings. Notably, Apple spent $77.5 billion on share repurchases in its fiscal year 2023 ended Sept. 30.
Two Warren Buffett stocks that excel in retained earnings
Beyond best-in-class Apple, two stocks in Berkshire's portfolio also excel in retained earnings: Bank of America (NYSE: BAC) and American Express (NYSE: AXP). In what is likely more than a mere coincidence, those two stocks are Berkshire's second- and third-largest holdings behind Apple, respectively.
First, Bank of America is the second-largest bank in the world by market capitalization, totaling about $265 billion. Over the trailing 12 months, Bank of America generated $30.5 billion in net income and paid roughly $9 billion in total dividends, resulting in retained earnings topping $21.5 billion during that time frame.
With its retained earnings, Bank of America has aggressively repurchased its stock -- retiring more than 18% of its shares outstanding over the past five years. Buffett recently wrote: "The math isn't complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices."
Nonetheless, despite Bank of America's share repurchases and a higher-than-average annual dividend yield of 2.9%, its stock has only generated a total return (price appreciation plus dividends) of 55% over the past five years, trailing the benchmark S&P 500's trailing return of 97%.
Bank stocks have underperformed recently either due to self-inflicted wounds like scandals around opening fake accounts or macroeconomic events largely out of a bank's control, like rising interest rates. Nonetheless, using the common valuation metric for bank stocks of price-to-book ratio, Bank of America currently trades at 1, meaning the market isn't placing a premium on its net assets like it does competitor JPMorgan Chase's price-to-book ratio of 1.6. Additionally, Bank of America's five-year price-to-book ratio average is 1.1, suggesting it might be slightly underpriced based on recent history.
Image source: The Motley Fool.
Next, let's look at the global financial services company American Express, a company Berkshire Hathaway first purchased in 1991, and which generated $8 billion in net income over the trailing 12 months. With an annual dividend yield of 1.3%, the company paid $1.7 billion in dividends to its shareholders. As a result, American Express produced roughly $6.3 billion in retained earnings.
Like Bank of America, American Express is aggressively buying back its stock with retained earnings, lowering its shares outstanding by 14% over the past five years. During that time, American Express outpaced its larger competitors by market cap, Mastercard and Visa, in stock buybacks (those companies repurchased 9% and 8%, respectively).
In addition to its share repurchases, American Express has acquired five fintech companies since 2019 -- all private companies for undisclosed prices. The strategy has proven helpful in fueling revenue growth as the company most recently set a sixth consecutive quarterly record, generating $15.4 billion for the third quarter of 2023.
Finally, American Express stock appears attractive when assessed against its competitors through the widely used valuation metric price-to-earnings (P/E) ratio. With a P/E multiple of about 17, American Express stands out as notably undervalued compared to Mastercard and Visa with P/E ratios of 36 and 31, respectively.
Are these two Warren Buffett stocks worth buying?
In 2020, Buffett wrote: "Retained earnings have propelled American business throughout our country's history. What worked for Carnegie and Rockefeller has, over the years, worked its magic for millions of shareholders as well."
These two stocks, plus Apple, make up roughly 65% of Berkshire's $370 billion stock portfolio, meaning they are likely some of Buffett's favorite stocks. Given Berkshire's past success, investors would be smart to follow the Oracle of Omaha's strategy and consider adding Bank of America and American Express to their portfolios.
Should you invest $1,000 in Bank of America right now?
Before you buy stock in Bank of America, 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 Bank of America 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*.
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JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Collin Brantmeyer has positions in Apple, Berkshire Hathaway, Mastercard, and Visa. The Motley Fool has positions in and recommends Apple, Bank of America, Berkshire Hathaway, JPMorgan Chase, Mastercard, and Visa. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. 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. | Warren Buffett is considered among the greatest investors of all time, having helped Berkshire Hathaway generate a compound annual gain of 19.8% from 1965 to 2022, smashing the S&P 500's total return of 9.9%. Like Bank of America, American Express is aggressively buying back its stock with retained earnings, lowering its shares outstanding by 14% over the past five years. Given Berkshire's past success, investors would be smart to follow the Oracle of Omaha's strategy and consider adding Bank of America and American Express to their portfolios. | Two Warren Buffett stocks that excel in retained earnings Beyond best-in-class Apple, two stocks in Berkshire's portfolio also excel in retained earnings: Bank of America (NYSE: BAC) and American Express (NYSE: AXP). Over the trailing 12 months, Bank of America generated $30.5 billion in net income and paid roughly $9 billion in total dividends, resulting in retained earnings topping $21.5 billion during that time frame. The Motley Fool has positions in and recommends Apple, Bank of America, Berkshire Hathaway, JPMorgan Chase, Mastercard, and Visa. | Two Warren Buffett stocks that excel in retained earnings Beyond best-in-class Apple, two stocks in Berkshire's portfolio also excel in retained earnings: Bank of America (NYSE: BAC) and American Express (NYSE: AXP). Like Bank of America, American Express is aggressively buying back its stock with retained earnings, lowering its shares outstanding by 14% over the past five years. Before you buy stock in Bank of America, 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 Bank of America wasn't one of them. | These two stocks, plus Apple, make up roughly 65% of Berkshire's $370 billion stock portfolio, meaning they are likely some of Buffett's favorite stocks. Before you buy stock in Bank of America, 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 Bank of America wasn't one of them. The Motley Fool has positions in and recommends Apple, Bank of America, Berkshire Hathaway, JPMorgan Chase, Mastercard, and Visa. | 5b14f523-61b9-4c67-94ec-6d94a08da64a |
711006.0 | 2023-12-16 00:00:00 UTC | Is Chevron Stock a Buy? | DCOMP | https://www.nasdaq.com/articles/is-chevron-stock-a-buy-2 | nan | nan | Oil and gas giant Chevron (NYSE: CVX) is a well-known dividend stock and a staple in global energy. Despite operating in energy, where up-and-down commodity prices can impact business, Chevron has consistently put cash in its shareholders' pockets.
Today Chevron faces more uncertainty. Oil prices have dropped, and the company's working through a massive acquisition that's facing potential geopolitical trouble. The result is a stock trading near its 52-week lows.
Should investors lean into the fear and buy the stock? Here is what you need to know.
Oil prices are falling
Investors are probably looking for clarity around two dark clouds over Chevron. First, oil prices are falling. Oil has trended lower since early 2022, when inflation peaked. This is despite OPEC, the organization of petroleum-exporting countries, voluntarily cutting production to support market prices. There are also two wars happening simultaneously, one in the Middle East. Oil prices typically rise under these circumstances, but they're dropping.
Why? The economy may not be as strong as some think. While consumer spending remains solid, setting a new sales record on Black Friday this year, manufacturing could be struggling. The ISM Manufacturing Index, which measures U.S. manufacturing activity, has contracted for 13 consecutive months and is now below levels from nine of the past 12 recessions.
Brent Crude Oil Spot Price data by YCharts
Investors should note that Chevron can fund its operations and dividend at an average oil price of $50 per barrel. However, price declines will naturally stunt earnings, which has eroded the market's sentiment toward Chevron stock.
Drama in Guyana
Chevron is navigating a massive acquisition against the backdrop of falling oil prices. It agreed to acquire Hess Corporation in an all-stock deal worth $53 billion this fall. A primary motive for the acquisition is the Stabroek block in Guyana, an offshore asset with an estimated 11 billion BBOE (billion barrels of oil equivalent) in gross recoverable resources.
Hess is currently generating 110,000 BOE per day in Guyana from two FPSO vessels, with three more in development and a potential for ten. Management believes that could last into the 2030s, not counting additional future discoveries. Notably, the Stabroek block is very profitable. Last year production costs in Guyana were only $11.23 per barrel, less than half of production in U.S. assets.
However, Venezuela is attempting to claim the Strabroek block as part of a long-standing territory dispute that heated back up after Guyana's significant oil discoveries in recent years. Tensions reached the point that the U.S. conducted military drills with Guyana in preparation for a potential escalation. Fortunately, the two countries met in the last few days and agreed to keep the peace.
It's an important step, but investors should monitor the situation in case tensions flare up. Potential political instability is never good, especially at the center of a $53 billion acquisition. Any conflict could slow or diminish productivity in Guyana, or even jeopardize the merger.
What to do with Chevron stock
The stock is trading toward the high end of its historical price-to-book value ratio over the past decade, though it has fallen from its high. The company's generating free cash flow on nearly ten percent of its revenue, and its return on equity is near its highest levels in a decade.
On one hand, you could argue that Chevron is earning its higher valuation. However, these fundamentals could deteriorate if oil prices continue falling. The good news is that Chevron is financially prepared for turbulence. The company's debt-to-equity ratio is the lowest since coming out of the financial crisis in 2008-2009. In other words, the balance sheet hasn't looked this strong in years.
CVX Return on Equity data by YCharts
Ultimately, nobody can predict what the markets will do, where oil will trade, or how geopolitical conflicts will be resolved. It seems that oil is trending lower, especially considering the prolonged weakness in manufacturing. Chevron's strong fundamentals instill long-term confidence, but the short-term share price could be volatile.
Buying a little bit at a time would be the smart move. That way you'll continue building an investment, lowering your cost if shares continue to fall.
Should you invest $1,000 in Chevron right now?
Before you buy stock in Chevron, 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 Chevron 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
Justin Pope has no position in any of the stocks mentioned. The Motley Fool recommends Chevron. 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. | Despite operating in energy, where up-and-down commodity prices can impact business, Chevron has consistently put cash in its shareholders' pockets. However, Venezuela is attempting to claim the Strabroek block as part of a long-standing territory dispute that heated back up after Guyana's significant oil discoveries in recent years. CVX Return on Equity data by YCharts Ultimately, nobody can predict what the markets will do, where oil will trade, or how geopolitical conflicts will be resolved. | Oil prices have dropped, and the company's working through a massive acquisition that's facing potential geopolitical trouble. That way you'll continue building an investment, lowering your cost if shares continue to fall. Before you buy stock in Chevron, 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 Chevron wasn't one of them. | Brent Crude Oil Spot Price data by YCharts Investors should note that Chevron can fund its operations and dividend at an average oil price of $50 per barrel. Drama in Guyana Chevron is navigating a massive acquisition against the backdrop of falling oil prices. Before you buy stock in Chevron, 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 Chevron wasn't one of them. | Brent Crude Oil Spot Price data by YCharts Investors should note that Chevron can fund its operations and dividend at an average oil price of $50 per barrel. That way you'll continue building an investment, lowering your cost if shares continue to fall. Before you buy stock in Chevron, 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 Chevron wasn't one of them. | 1c341ff9-5469-4784-ad52-d971d5d0c534 |
711007.0 | 2023-12-16 00:00:00 UTC | 4 Unstoppable Multibaggers to Buy in 2024 and Hold for the Next Decade | DCOMP | https://www.nasdaq.com/articles/4-unstoppable-multibaggers-to-buy-in-2024-and-hold-for-the-next-decade | nan | nan | Adding to your winning stocks can be one of the hardest but most important things to do when investing. After a strong market so far in 2023, there are plenty of investors sitting on an opportunity to do just that as they consider what investment actions to take in 2024.
Writing an article around this time last year under the same title, I explained why SoFi Technologies (NASDAQ: SOFI), Progyny (NASDAQ: PGNY), Kinsale Capital (NYSE: KNSL), and Lovesac (NASDAQ: LOVE) were four of my favorite stocks to become unstoppable multibaggers.
Buoyed by a strong market, these selections showed signs of success early on, with a basket of these four stocks rising an average of 47% in 2023.
SOFI Total Return Level data by YCharts
As a long-term investor, I generally buy stocks with the idea of holding these businesses for a decade and beyond. After their strong runups in 2023, are these four stocks still investable at today's higher prices? Here's why I think that answer is a resounding yes.
1. SoFi Technologies
Bolstered by an end to the student loan moratorium and higher interest rates significantly boosting demand in the personal loan industry, SoFi Technologies was firing on all cylinders throughout 2023.
Part of the reason for that is that SoFi, once better known for its lending operations, has rapidly transformed into a true (and very quickly growing) bank. Last year, when I mentioned the company as a multibagger prospect, its financial services unit only accounted for 11% of revenue. Four quarters later, this figure sits at 21% of sales.
Wilder yet, this financial services segment grew revenue by 141% in the third quarter compared to last year -- all while recording a positive contribution profit for the first time. Delivering financial products such as checking accounts, credit cards, investment accounts, and Relay (similar to the soon-to-be-defunct Mint), this unit saw banking products in use rise by 50% in the third quarter.
The unit remains anchored by its popular savings account product, offering a market-leading 4.6% interest rate, attracting nearly $16 billion in customer deposits in just a few years. Growing by 23% quarter over quarter, these sticky direct deposits are vital to SoFi's future, as they now finance roughly 65% of its lending portfolio, providing the company with a war chest of funding.
With management expecting to deliver its first quarter of generally accepted accounting principles (GAAP) profitability in the upcoming fourth quarter and (theoretically) every year from now on, SoFi's growth story could still be in its early chapters, even after its stock doubled in 2023.
2. Progyny
With 1-in-5 women dealing with infertility issues -- the rate was 1-in-8 just four years ago -- Progyny and its fertility benefits solutions aim quite literally to bring happiness into the world. Progyny connects its 392 corporate clients to its network of fertility specialists at a price that is 25% lower than a traditional carrier-based program -- all while recording a track record of pregnancy outcomes that beat national averages.
In addition to providing better pregnancy rates, lower miscarriage rates, and live birth rates than the national averages, Progyny's services have a net promoter score (NPS) of 81. Ranked on a scale of -100 to 100, an NPS measures how likely a customer is to recommend a product to their friends, with Progyny's mark being one of the highest worldwide, regardless of industry.
Growing revenue by 48% since I mentioned it last December, Progyny may be cheaper now than it was a year ago, with its stock "only" up 16% since.
Trading at a reasonable price-to-sales (P/S) ratio of 3.4, Progyny's high growth, steadily climbing 8% free cash flow margins (even without stock-based compensation), and importance to the world keep it a top multibagger candidate to hold forever.
3. Kinsale Capital
Kinsale Capital is the only pure-play excess and surplus (E&S) insurance on the publicly traded markets, covering unique insurance areas such as cannabis tours, rage rooms, racetracks, and blood banks, along with a few traditional lines like construction. This specialization helps Kinsale deliver best-in-class operating metrics -- such as its 83% combined ratio and 21% return on equity that I bragged about a year ago.
However, as incredible as these figures were, they've improved to 77% and 32% for the first three quarters of 2023. Despite this improvement from its already market-leading profitability metrics, Kinsale's stock has slightly lagged the market over the last year, succumbing to a 20% drop in share price in a single day due to "slower" 33% growth in written premiums.
Regardless of this slowdown in premium growth, Kinsale grew earnings per share by 93% over the last year, leaving its stock trading at a much more reasonable valuation than a year ago.
KNSL PE Ratio data by YCharts
Still only accounting for a 1.1% share of the E&S industry, Kinsale's focus on its odd (and unloved) niche of the insurance world leaves it poised to remain an unstoppable force, continuing to insure lines its larger peers want nothing to do with.
4. Lovesac
Repurposing over 150 million plastic water bottles for use in its rearrangeable, built-for-life furniture, Lovesac aims to disrupt the traditional furniture market with a focus on conscious capitalism.
Despite facing a brutal consumer spending environment throughout 2023, Lovesac's stock has rallied over 50% in the last month as the company reported 14% sales growth compared to the furniture industry's low-single-digit growth in 2023. While this growth remains slower than its historical rate of 37% annually over the last five years, it highlights the company's ability to continue gaining market share at an outsized pace.
Most importantly for investors, Lovesac owns a stellar 5.3 customer lifetime value-to-customer acquisition cost (CLV/CAC) ratio, highlighting its ability to find valuable lifelong customers at a relatively cheap marketing cost. Traditionally, a score above 3 is considered good, making Lovesac's score exceptional. This high CLV/CAC ratio is crucial to Lovesac because once it brings new customers on board, they typically buy additional, supplemental items due to the modular, customizable, and interchangeable nature of the company's furniture.
Trading at 11 times price to free cash flow and 22 times price-to-earnings, Lovesac's "true" valuation probably lies somewhere in between.
LOVE Price to Free Cash Flow data by YCharts
This remains a deep discount to the S&P 500's average price-to-earnings ratio of 25, leaving Lovesac looking like a future multibagger thanks to its steady market share gains, consistent profitability, and loyal customers.
Should you invest $1,000 in SoFi Technologies right now?
Before you buy stock in SoFi Technologies, 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 SoFi Technologies 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
Josh Kohn-Lindquist has positions in Kinsale Capital Group, Lovesac, Progyny, and SoFi Technologies. The Motley Fool has positions in and recommends Kinsale Capital Group and Progyny. The Motley Fool recommends Lovesac. 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. | Trading at a reasonable price-to-sales (P/S) ratio of 3.4, Progyny's high growth, steadily climbing 8% free cash flow margins (even without stock-based compensation), and importance to the world keep it a top multibagger candidate to hold forever. Despite this improvement from its already market-leading profitability metrics, Kinsale's stock has slightly lagged the market over the last year, succumbing to a 20% drop in share price in a single day due to "slower" 33% growth in written premiums. LOVE Price to Free Cash Flow data by YCharts This remains a deep discount to the S&P 500's average price-to-earnings ratio of 25, leaving Lovesac looking like a future multibagger thanks to its steady market share gains, consistent profitability, and loyal customers. | Writing an article around this time last year under the same title, I explained why SoFi Technologies (NASDAQ: SOFI), Progyny (NASDAQ: PGNY), Kinsale Capital (NYSE: KNSL), and Lovesac (NASDAQ: LOVE) were four of my favorite stocks to become unstoppable multibaggers. Trading at 11 times price to free cash flow and 22 times price-to-earnings, Lovesac's "true" valuation probably lies somewhere in between. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Josh Kohn-Lindquist has positions in Kinsale Capital Group, Lovesac, Progyny, and SoFi Technologies. | Writing an article around this time last year under the same title, I explained why SoFi Technologies (NASDAQ: SOFI), Progyny (NASDAQ: PGNY), Kinsale Capital (NYSE: KNSL), and Lovesac (NASDAQ: LOVE) were four of my favorite stocks to become unstoppable multibaggers. Before you buy stock in SoFi Technologies, 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 SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Josh Kohn-Lindquist has positions in Kinsale Capital Group, Lovesac, Progyny, and SoFi Technologies. | Regardless of this slowdown in premium growth, Kinsale grew earnings per share by 93% over the last year, leaving its stock trading at a much more reasonable valuation than a year ago. Before you buy stock in SoFi Technologies, 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 SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Josh Kohn-Lindquist has positions in Kinsale Capital Group, Lovesac, Progyny, and SoFi Technologies. | 1b1816b7-df42-4e78-bdd8-ffe7830ce8aa |
711008.0 | 2023-12-16 00:00:00 UTC | 5 of the Safest High-Yield Dividend Stocks to Buy for 2024 | DCOMP | https://www.nasdaq.com/articles/5-of-the-safest-high-yield-dividend-stocks-to-buy-for-2024 | nan | nan | In less than two weeks, Wall Street and investors will be welcoming in a new year. Although 2023 has been a banner year for equities, highlighted by the outperformance of the high-growth "Magnificent Seven," it's dividend stocks that should be on investors' radar as we prepare to open the curtain on 2024.
Publicly traded companies that offer a regular dividend to their shareholders are almost always profitable on a recurring basis and time-tested. What's more, income stocks have left non-payers eating their dust. Between 1972 and 2012, companies initiating and growing their payouts generated an annualized return of 9.5%. That compares to a meager 1.6% annualized return for public companies that didn't offer a dividend between 1972 and 2012.
However, not all dividend stocks are cut from the same cloth. As we get ready to move into the new year, five exceptionally safe high-yield dividend stocks (those with yields of at least 4%) stand out as top buys.
Image source: Getty Images.
Verizon Communications: 7.12% yield
The first extremely safe high-yield dividend stock that's begging to be bought in 2024 is telecom company Verizon Communications (NYSE: VZ).
Although Verizon's high-growth days are long gone, upgrading its network to handle 5G download speeds is providing a healthy and sustainable lift to its bottom line. The company's wireless division generates its juiciest margins from data -- and data consumption should continue to climb as consumers upgrade their wireless devices.
Additionally, Verizon is beginning to see the payoff from its aggressive spending on mid-band spectrum. Having the ability to offer at-home 5G broadband has helped Verizon secure more than 400,000 net broadband additions in each of the past four quarters. Broadband might not be the growth driver it once was, but it's the perfect tool to encourage its customers to bundle their services. Bundling tends to lead to higher margins and better customer retention.
Investors would also be wise to look past the mostly unwarranted concerns regarding lead-clad cables that were raised in a July report by The Wall Street Journal. Verizon has noted that lead-sheathed cables account for a small percentage of its current network. Further, any future liability would be established by the U.S. courts, which could take many years to work its way through.
Valued at roughly 8 times forward-year earnings, there appears to be a solid floor and reasonable upside for Verizon stock.
Realty Income: 5.37% yield
A second super safe high-yield dividend stock that's ripe for the picking as we get ready to turn the page to 2024 is retail real estate investment trust (REIT) Realty Income (NYSE: O). Realty Income pays its dividend monthly and has increased its payout in each of the past 104 quarters.
While the prospect of a recession in 2024 has some investors concerned, Realty Income's more than 13,000-unit commercial real estate (CRE) portfolio is built to thrive in virtually any economic climate. Over 90% of Realty Income's total rent is resilient to economic downturns.
More specifically, over a third of the company's annualized contractual rent originates from grocery stores, convenience stores, dollar stores, and drugstores. These are businesses that provide basic-need goods and services and will therefore draw in customers, no matter how well or poorly the U.S. economy performs.
We've also begun to see Realty Income diversify its CRE portfolio. The company has made two gaming industry transactions in less than two years, and is in the process of acquiring Spirit Realty Capital in a deal valued at $9.3 billion. The latter is a complementary deal that'll help Realty Income diversify into new industries and become even more resilient to economic downturns.
Realty Income is valued at 13 times consensus cash flow for 2024, which represents its lowest multiple to cash flow in more than a decade.
Image source: Getty Images.
Pfizer: 6.31% yield
The third safe high-yield dividend stock that makes for a genius buy in 2024 is pharmaceutical company Pfizer (NYSE: PFE). Except for a very short period during the Great Recession, Pfizer's existing yield of 6.3% has never been higher.
The knock against Pfizer is that its massive bump in sales from COVID-19 vaccines has largely been backed out of its revenue and profit forecasts moving forward. Now that the worst of the pandemic is in the rearview mirror, attention has turned to Pfizer's other drugs and its expansive pipeline. With Pfizer's 2024 guidance failing to impress, shares fell to a 10-year low.
Though Pfizer anticipates a $0.40-per-share hit to its earnings in the new year due to its now-completed $43 billion acquisition of cancer drug developer Seagen, it's important to recognize that this isn't a recurring loss or expense for the company. The combination of these two businesses will eventually result in recurring cost savings, as well as add billions of dollars in annual revenue for Pfizer.
Equally important is the fact that Pfizer's non-COVID therapeutics are still growing. Sales for non-COVID products jumped 10% during the third quarter, with Pfizer's Special Care segment leading the way. If the company's COVID-19 sales bump hadn't occurred, it's unlikely we'd see such an overreaction to sales and profits returning to their normal (i.e., modest) upward trajectory.
At less than 3 times forecast sales in 2023 and 2024, Pfizer looks to be quite the bargain for patient income seekers.
PennantPark Floating Rate Capital: 10.54% yield
Safe high-yield dividend stocks can be found in the small-cap arena, too! Business development company (BDC) PennantPark Floating Rate Capital (NYSE: PFLT), which also pays its dividend on a monthly basis, is a rock-solid income stock to buy for 2024.
BDCs are businesses that invest in the debt and/or equity of middle-market companies. By "middle market," I mean generally unproven micro-cap and small-cap businesses. In PennantPark's case, a sizable percentage of its portfolio is tied up in debt securities.
The clear advantage of this debt-focused approach can be seen in the yield PennantPark generates. Since most small businesses are unproven, their access to traditional debt and credit markets may be limited or closed off entirely. As a result, financing deals are often secured at lending rates that are well above average. As of Sept. 30, PennantPark's weighted average yield on debt investments was a cool 12.6%!
The key to PennantPark's success -- in case the company's full name didn't already give it away -- is that 100% of its $906.3 million debt-securities portfolio sports variable rates. The Federal Reserve just undertook its most aggressive rate-hiking cycle in four decades. These cumulative rate hikes since March 2022 have increased PennantPark's weighted average yield on debt investments by 520 basis points.
Furthermore, PennantPark's management team has done a truly phenomenal job of protecting the company's invested assets. The average investment size spanning 131 companies is just $8.1 million, and 99.99% of the company's debt securities are first-lien secured. First-lien secured debt holders are at the front of the line for repayment in the event that a borrower seeks bankruptcy protection.
Altria Group: 9.39% yield
The last of the safest high-yield dividend stocks to buy for 2024 is none other than tobacco juggernaut Altria Group (NYSE: MO). Altria has raised its payout 58 times over the past 54 years, which makes it a true Dividend King.
The clear problem for Altria and its peers is that consumers have wised up about the potential dangers of long-term tobacco use. Since the mid-1960s, adult cigarette smoking rates in the U.S. have fallen from around 42% to just 11.5%, as of 2021. A shrinking pool of potential customers has led to modest declines in aggregate cigarette shipments for Altria.
However, Altria Group has exceptional pricing power in its corner. Tobacco products contain nicotine, an addictive chemical. The strong desire to continue using tobacco products has allowed Altria to pass along price hikes that often outweigh any decline in cigarette shipments. It also doesn't hurt that premium brand Marlboro accounts for more than 42% of retail cigarette share, which makes raising prices relatively easy.
Altria Group is also looking beyond its traditional tobacco lines and shifting its sales toward smokeless products. For instance, it completed the acquisition of electronic-vapor company NJOY Holdings for $2.75 billion in early June. NJOY has received a half-dozen marketing granted orders (MGOs) from the U.S. Food and Drug Administration for its products and devices. These MGOs grant NJOY the right to keep its items on retail shelves. The vast majority of e-vapor companies lack MGOs.
Similar to Verizon, Altria Group's forward-year price-to-earnings ratio of 8 provides a safe floor, with plenty of upside for long-term, income-seeking investors.
Should you invest $1,000 in Verizon Communications right now?
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Sean Williams has positions in PennantPark Floating Rate Capital. The Motley Fool has positions in and recommends Pfizer and Realty Income. The Motley Fool recommends Verizon Communications. 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. | While the prospect of a recession in 2024 has some investors concerned, Realty Income's more than 13,000-unit commercial real estate (CRE) portfolio is built to thrive in virtually any economic climate. Though Pfizer anticipates a $0.40-per-share hit to its earnings in the new year due to its now-completed $43 billion acquisition of cancer drug developer Seagen, it's important to recognize that this isn't a recurring loss or expense for the company. Business development company (BDC) PennantPark Floating Rate Capital (NYSE: PFLT), which also pays its dividend on a monthly basis, is a rock-solid income stock to buy for 2024. | PennantPark Floating Rate Capital: 10.54% yield Safe high-yield dividend stocks can be found in the small-cap arena, too! Business development company (BDC) PennantPark Floating Rate Capital (NYSE: PFLT), which also pays its dividend on a monthly basis, is a rock-solid income stock to buy for 2024. Before you buy stock in Verizon Communications, 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 Verizon Communications wasn't one of them. | Verizon Communications: 7.12% yield The first extremely safe high-yield dividend stock that's begging to be bought in 2024 is telecom company Verizon Communications (NYSE: VZ). Realty Income: 5.37% yield A second super safe high-yield dividend stock that's ripe for the picking as we get ready to turn the page to 2024 is retail real estate investment trust (REIT) Realty Income (NYSE: O). Before you buy stock in Verizon Communications, 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 Verizon Communications wasn't one of them. | The average investment size spanning 131 companies is just $8.1 million, and 99.99% of the company's debt securities are first-lien secured. Altria Group is also looking beyond its traditional tobacco lines and shifting its sales toward smokeless products. Before you buy stock in Verizon Communications, 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 Verizon Communications wasn't one of them. | b8b367ee-33c8-4531-ba08-782b6d708ce2 |
711009.0 | 2023-12-16 00:00:00 UTC | 3 High-Yield Dividend Stocks to Buy Before the End of the Year | DCOMP | https://www.nasdaq.com/articles/3-high-yield-dividend-stocks-to-buy-before-the-end-of-the-year | nan | nan | If you'd like to earn more dividend income in 2024, you've come to the right place. The following three companies are slated to deliver steadily growing streams of passive income to their investors in the years ahead.
1. Enbridge
Even as the world shifts toward renewable power, the need for oil and natural gas is expected to persist for decades to come. Enbridge (NYSE: ENB) builds and operates vital infrastructure that connects its customers to these dependable and cost-effective energy sources.
Enbridge's pipelines move roughly 40% of the crude oil imported by the U.S. and 20% of the natural gas used in the country. The revenue generated from these indispensable assets is secured by regulated cost-of-service agreements that permit Enbridge to earn reliable profits across economic cycles. That energy giant, in turn, can easily afford to pay a hefty cash distribution -- which currently yields a whopping 7.6% -- to its investors.
Moreover, Enbridge's shareholders are likely to see their cash payouts swell. The infrastructure titan has grown its dividend consistently for 29 years. Acquisitions, the growth of the liquified natural gas (LNG) market, and an expanding portfolio of renewable power investments should all help to boost Enbridge's earnings in the decade ahead.
2. Ares Capital
Massive dividends are also the domain of Ares Capital (NASDAQ: ARCC). This proven wealth builder is currently offering you a mouthwatering 9.5% yield.
The business development company (BDC) supplies growth capital to middle-market businesses. These are typically privately owned enterprises with revenue of between $10 million and $1 billion. These companies tend to have greater borrowing needs than small businesses but lack the banking relationships of large corporations.
Importantly, Ares reduces risk by lending to borrowers with consistent cash flow and seasoned leadership. It also spreads its loans across a variety of industries that tend to hold up well in challenging market environments. Ares' $22 billion portfolio had debt and equity positions in 490 companies as of the end of the third quarter.
As a BDC, Ares must send at least 90% of its net income to its shareholders to avoid tax penalties. The company posted per-share earnings of $0.89 in the third quarter, easily covering its dividend payout of $0.48 per share.
With inflation moderating, and fears of a near-term recession abating, loan default rates are likely to remain low. That should mean more interest income for Ares, and large cash dividends for this leading BDC's investors.
3. Brookfield Renewable
Clean energy leader Brookfield Renewable Corporation (NYSE: BEPC) is another intriguing passive income producer. The investment company excels at identifying sustainable energy projects with attractive economics -- and passing its profits on to its stockholders via steadily growing dividend payments.
Climate change is forcing governments and businesses around the world to ramp up their decarbonization efforts. The forward-thinking Brookfield, which has built an impressive collection of solar and wind power-producing assets, is well-positioned to benefit from this soaring demand for renewable energy.
CEO Connor Teskey highlighted these attractive growth prospects in Brookfield's third-quarter earnings call. "Over the past five years, the amount of clean energy procured annually by corporations has increased by almost 10 times," Teskey said. "And looking forward, we do not expect this trend to slow down."
Brookfield believes its well-stocked development pipeline will help it grow its profits by over 10% annually over the next five years. That should allow this dividend stalwart to reward its shareholders with larger cash payments. Brookfield Renewable's stock already yields more than 4.5% annually.
Should you invest $1,000 in Brookfield Renewable right now?
Before you buy stock in Brookfield Renewable, 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 Brookfield Renewable wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Brookfield Renewable and Enbridge. 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. | The revenue generated from these indispensable assets is secured by regulated cost-of-service agreements that permit Enbridge to earn reliable profits across economic cycles. Acquisitions, the growth of the liquified natural gas (LNG) market, and an expanding portfolio of renewable power investments should all help to boost Enbridge's earnings in the decade ahead. The investment company excels at identifying sustainable energy projects with attractive economics -- and passing its profits on to its stockholders via steadily growing dividend payments. | The business development company (BDC) supplies growth capital to middle-market businesses. Brookfield Renewable Clean energy leader Brookfield Renewable Corporation (NYSE: BEPC) is another intriguing passive income producer. Before you buy stock in Brookfield Renewable, 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 Brookfield Renewable wasn't one of them. | Acquisitions, the growth of the liquified natural gas (LNG) market, and an expanding portfolio of renewable power investments should all help to boost Enbridge's earnings in the decade ahead. Brookfield Renewable Clean energy leader Brookfield Renewable Corporation (NYSE: BEPC) is another intriguing passive income producer. Before you buy stock in Brookfield Renewable, 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 Brookfield Renewable wasn't one of them. | That should mean more interest income for Ares, and large cash dividends for this leading BDC's investors. Brookfield Renewable's stock already yields more than 4.5% annually. Before you buy stock in Brookfield Renewable, 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 Brookfield Renewable wasn't one of them. | 2b7ca09a-3b32-4d51-9970-4d0b7bfd2033 |
711010.0 | 2023-12-16 00:00:00 UTC | 2 Top Stocks to Buy During a Bull Market (and It's Not Even Close) | DCOMP | https://www.nasdaq.com/articles/2-top-stocks-to-buy-during-a-bull-market-and-its-not-even-close | nan | nan | The S&P 500 peaked in January 2022, with subsequent declines triggering a bear market. Analysts typically define a bear market as a 20% drop from recent highs, with a bull market not achieved again until stocks gain what they lost and surpass the previous high.
Data by YCharts
The chart above shows a bear market that is inching closer to a bull market as the S&P 500 nears its January 2022 high. As a result, now is an excellent time to get familiar with some of the best stocks to buy in a bull market and be ready to strike when the time is right.
Here are two top stocks to buy during the next bull market.
1. Amazon
Like the S&P 500, Amazon's (NASDAQ: AMZN) stock price has yet to surpass its previous high. The company hit $186 per share in July 2021 but remains about 20% below that. However, recent developments indicate shares could soar in the coming years as it becomes a crucial growth driver in the next bull market.
Data by YCharts
Macroeconomic headwinds curbed consumer spending in 2022, with Amazon experiencing steep declines in its e-commerce business. However, easing inflation and various cost-cutting measures have triggered a solid recovery for the retail giant this year.
In the third quarter of 2023, Amazon posted revenue growth of 13% year over year, beating Wall Street forecasts by $1.5 billion.
The spike was mainly owed to growth in its e-commerce division. The quarter saw Amazon's North American segment recorded more than $4 billion in operating income, improving on the $412 million in losses it posted in the year-ago period. A bull market is often a sign of a strengthening economy, which is positive for Amazon as it could mean increased sales on its retail site.
In addition to e-commerce, the company's leading market share in cloud computing with Amazon Web Services (AWS) gives it solid prospects in the future of artificial intelligence (AI). The AI market is projected to expand at a compound annual rate of 37% through 2030.
Meanwhile, Amazon is rapidly expanding its range of AI cloud tools on AWS in an effort to meet increased demand for such services.
Amazon's price-to-sales ratio (P/S) of 2.8 makes its stock an attractive option. Comparatively, competitors like Apple and Microsoft have P/S ratios hovering around 8 and 12, with Amazon's lower figure suggesting its stock offers more value. Alongside a recovering e-commerce business and a solid position in AI, Amazon is a no-brainer in a bull market.
2. Walt Disney
Walt Disney (NYSE: DIS) hasn't had it easy recently, with COVID-19 pandemic closures shuttering large parts of its business in 2020 and 2021. Then, an economic downturn last year made it challenging to expand in the streaming industry.
As a result, its stock has fallen 57% since the high it hit in March 2021. However, the company has restructured its business to prioritize profitability and could benefit significantly from a bull market.
Streaming has proved a major headwind over the last two years, resulting in considerable operating losses. Multiple price hikes throughout the last year for its various subscription services led Disney to gradually shrink these losses. From 2022 to fiscal 2023, the company's direct-to-consumer operating losses fell from more than $3 billion to $2 billion.
Meanwhile, the entertainment giant maintains that its streaming business will be profitable within the next fiscal year.
Moreover, visitors showed up to Disney's theme parks in droves in 2023 after they reopened, with its experiences segment reporting revenue growth of 16% year over year and a 23% rise in operating income.
However, the biggest vote of confidence in Disney's stock is the return of its dividend after it was halted during the height of the pandemic in 2020. The payout remains meager at 0.6%, but its return shows that the company is healing and that executives believe in Disney's long-term growth.
Disney's business is particularly vulnerable to economic fluctuation. However, it appears to be back on a growth path and is a screaming buy in a bull market. Its P/S of about 2 and forward price-to-earnings ratio of 21 are at one of their lowest points in years, making Disney stock a bargain right now.
Where to invest $1,000 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. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Apple, Microsoft, and Walt Disney. 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. | Data by YCharts Macroeconomic headwinds curbed consumer spending in 2022, with Amazon experiencing steep declines in its e-commerce business. The quarter saw Amazon's North American segment recorded more than $4 billion in operating income, improving on the $412 million in losses it posted in the year-ago period. In addition to e-commerce, the company's leading market share in cloud computing with Amazon Web Services (AWS) gives it solid prospects in the future of artificial intelligence (AI). | In the third quarter of 2023, Amazon posted revenue growth of 13% year over year, beating Wall Street forecasts by $1.5 billion. In addition to e-commerce, the company's leading market share in cloud computing with Amazon Web Services (AWS) gives it solid prospects in the future of artificial intelligence (AI). The Motley Fool has positions in and recommends Amazon, Apple, Microsoft, and Walt Disney. | Analysts typically define a bear market as a 20% drop from recent highs, with a bull market not achieved again until stocks gain what they lost and surpass the previous high. Alongside a recovering e-commerce business and a solid position in AI, Amazon is a no-brainer in a bull market. 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. | Analysts typically define a bear market as a 20% drop from recent highs, with a bull market not achieved again until stocks gain what they lost and surpass the previous high. Alongside a recovering e-commerce business and a solid position in AI, Amazon is a no-brainer in a bull market. The Motley Fool has positions in and recommends Amazon, Apple, Microsoft, and Walt Disney. | d16fe3fa-dfb2-451f-84bc-2f39214ad062 |
711011.0 | 2023-12-16 00:00:00 UTC | 3 Healthcare Stocks That Could Help Make You a Millionaire | DCOMP | https://www.nasdaq.com/articles/3-healthcare-stocks-that-could-help-make-you-a-millionaire | nan | nan | Investing generally won't make you a millionaire overnight -- and buying just a few stocks usually won't do the trick either. But if you build a portfolio of about 25 solid stocks and hold on to them for a decade, you could see your investing dreams start to come true. And today, a few stocks in particular -- for different reasons -- stand out as ones that could help make you a millionaire over time.
CRISPR Therapeutics (NASDAQ: CRSP) may advance significantly from here, as it's just started its growth story as a commercial-stage company. Teladoc Health (NYSE: TDOC) is ripe for a rebound after taking steps toward its profitability goal. And Johnson & Johnson (NYSE: JNJ) may contribute to your portfolio's gains through its growing dividend.
Let's take a closer look at these three stocks that, together and as part of a diversified portfolio, could help make you a millionaire over the long haul.
Image source: Getty Images.
1. CRISPR Therapeutics
CRISPR Therapeutics stock has advanced this year, but it's fallen more than 60% from its peak -- reached back in 2021, when we weren't yet sure about whether its technology would result in a commercialized product.
Today, though, the potential of the company's gene-editing technique is clear. CRISPR Therapeutics won authorization in the U.K. for its gene editing treatment, Casgevy, for sickle cell disease and beta thalassemia. And it earned approval in the U.S. for Casgevy for sickle cell -- and awaits a decision in March for the second blood disorder.
The treatment holds blockbuster potential, so even though CRISPR Therapeutics shares profit with partner Vertex Pharmaceuticals, its 40% share still could represent significant revenue. Meanwhile, the regulatory nods also serve as a vote of confidence in the company's gene-editing technology, which it uses across its pipeline.
All this means CRISPR Therapeutics' growth story is just getting started -- and there's plenty of opportunity for share price gains over the long haul.
2. Teladoc Health
Teladoc Health shares sank in recent years as investors worried about the company's lack of profitability. And billions of dollars in noncash goodwill impairment charges last year -- linked to the acquisition of chronic care specialist Livongo -- made matters worse.
But, today, Teladoc is ripe for a rebound. That's because the company has cut costs and balanced its quest for revenue growth, with the idea of working toward profitability. And this effort, launched earlier in the year, already is bearing fruit. In the most recent quarter, Teladoc reported results that met or beat its expectations.
And though the Livongo purchase was costly for Teladoc, this operation may pay off over time. Chronic care is a key market, with half of Americans suffering from at least one chronic illness. Teladoc said in the recent quarter that its chronic care business drove revenue growth.
Most recently, Teladoc launched an operational review of its business to ensure its investments and services support its goals. If Teladoc continues along this path, the stock, trading near its lowest ever in relation to sales, could rebound in a big way.
TDOC PS Ratio data by YCharts
3. Johnson & Johnson
You can win over time with an investment in Johnson & Johnson -- even if the stock doesn't soar. That's because J&J offers you a dividend, and one that's increased over time.
The company makes the list of Dividend Kings, or those that have raised their dividends for at least 50 consecutive years. This solid track record shows rewarding shareholders is important to J&J, so it's likely the company will continue along this path. And that means you can count on your passive income growing year after year, adding to your gains from J&J stock performance.
This chart shows how dividends, seen as part of total return, can make a significant difference in returns from a particular stock over the long haul.
JNJ data by YCharts
Today, J&J pays a dividend of $4.76 per share, reflecting a dividend yield of 3.07%, which tops the yield of the S&P 500. And J&J recently said that dividend growth is among one of its priorities.
Meanwhile, J&J may also offer you more growth than you might expect from a long-established healthcare giant. The company recently spun off its slower-growth consumer health business, collecting $13 billion in proceeds, and aims to focus on its higher-growth businesses of medtech and pharmaceuticals. All this means now is a great time to get in on this top dividend stock.
Should you invest $1,000 in CRISPR Therapeutics right now?
Before you buy stock in CRISPR Therapeutics, 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 CRISPR Therapeutics 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*.
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*Stock Advisor returns as of December 11, 2023
Adria Cimino has positions in Vertex Pharmaceuticals. The Motley Fool has positions in and recommends CRISPR Therapeutics, Teladoc Health, and Vertex Pharmaceuticals. The Motley Fool recommends Johnson & Johnson. 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. | CRISPR Therapeutics won authorization in the U.K. for its gene editing treatment, Casgevy, for sickle cell disease and beta thalassemia. All this means CRISPR Therapeutics' growth story is just getting started -- and there's plenty of opportunity for share price gains over the long haul. And billions of dollars in noncash goodwill impairment charges last year -- linked to the acquisition of chronic care specialist Livongo -- made matters worse. | The treatment holds blockbuster potential, so even though CRISPR Therapeutics shares profit with partner Vertex Pharmaceuticals, its 40% share still could represent significant revenue. JNJ data by YCharts Today, J&J pays a dividend of $4.76 per share, reflecting a dividend yield of 3.07%, which tops the yield of the S&P 500. The Motley Fool has positions in and recommends CRISPR Therapeutics, Teladoc Health, and Vertex Pharmaceuticals. | CRISPR Therapeutics CRISPR Therapeutics stock has advanced this year, but it's fallen more than 60% from its peak -- reached back in 2021, when we weren't yet sure about whether its technology would result in a commercialized product. Teladoc Health Teladoc Health shares sank in recent years as investors worried about the company's lack of profitability. Before you buy stock in CRISPR Therapeutics, 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 CRISPR Therapeutics wasn't one of them. | Teladoc said in the recent quarter that its chronic care business drove revenue growth. Most recently, Teladoc launched an operational review of its business to ensure its investments and services support its goals. Before you buy stock in CRISPR Therapeutics, 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 CRISPR Therapeutics wasn't one of them. | ef19f847-e4bf-44a1-84e6-dfb9dedb0008 |
711012.0 | 2023-12-16 00:00:00 UTC | European shares rise as dovish BOJ helps risk-on sentiment; inflation data in focus | DCOMP | https://www.nasdaq.com/articles/european-shares-rise-as-dovish-boj-helps-risk-on-sentiment-inflation-data-in-focus | nan | nan | By Khushi Singh and Ankika Biswas
Dec 19 (Reuters) - European shares climbed on Tuesday as risk appetite got a boost after Japan's central bank stuck to its ultra-loose monetary policy, while investors focused on the euro zone's inflation print to gauge the timing of rate cuts next year.
The pan-European STOXX 600 .STOXX climbed 0.3% by 0927 GMT, with investors remaining optimistic about rate cuts next year following Federal Reserve Chair Jerome Powell's dovish shift last week.
Investors now await the euro zone's final November inflation print later in the day, while keeping an eye out for the U.S. personal consumption expenditure data later this week for clues on the global monetary policy outlook.
Driven by rate cut optimism, the STOXX 600 is on track for its second monthly gain in December and a double-digit advance of 12.2% for the year.
"Santa came early this year, and the trend will continue through year-end. The Fed's done with hikes and the next move is cuts, but the question is how many cuts there will be in 2024 at this point."
The STOXX 600, however, has lagged its U.S. peer S&P 500's .SPX 23.5% yearly advance, with the latter also benefiting from investors flocking to artificial intelligence stocks.
Even while actively snubbing interest rate cut bets, policymakers have adopted a more positive outlook for inflation.
ECB member Francois Villeroy de Galhau said lower interest rates are seen sometime in 2024, reaffirming that inflation should be back down to 2% by 2025 at the latest, while the Wall Street Journal reported Federal Reserve's San Francisco President Mary Daly noted that rate cuts are likely appropriate next year on improved inflation.
Among individual stocks, UBSUBSG.S shares added 2.5% after activist investor Cevian Capital reported a 1.3% stake in the bank.
Covestro1COV.DE gained 2.3% following a report that the Abu Dhabi National Oil Co was preparing to raise its offer for the German chemicals maker.
Stora Enso STERV.HE rose 3.2%, with traders flagging DNB Markets upgrading the Finnish forestry firm's stock to "buy".
CasinoCASP.PA dropped 8.9% after the French retailer entered into exclusive talks to sell all of its big stores to rivals Les Mousquetaires and Auchan Retail.
(Reporting by Khushi Singh in Bengaluru; Editing by Rashmi Aich and Anil D'Silva)
((Khushi.Singh@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Khushi Singh and Ankika Biswas Dec 19 (Reuters) - European shares climbed on Tuesday as risk appetite got a boost after Japan's central bank stuck to its ultra-loose monetary policy, while investors focused on the euro zone's inflation print to gauge the timing of rate cuts next year. The pan-European STOXX 600 .STOXX climbed 0.3% by 0927 GMT, with investors remaining optimistic about rate cuts next year following Federal Reserve Chair Jerome Powell's dovish shift last week. Investors now await the euro zone's final November inflation print later in the day, while keeping an eye out for the U.S. personal consumption expenditure data later this week for clues on the global monetary policy outlook. | By Khushi Singh and Ankika Biswas Dec 19 (Reuters) - European shares climbed on Tuesday as risk appetite got a boost after Japan's central bank stuck to its ultra-loose monetary policy, while investors focused on the euro zone's inflation print to gauge the timing of rate cuts next year. The pan-European STOXX 600 .STOXX climbed 0.3% by 0927 GMT, with investors remaining optimistic about rate cuts next year following Federal Reserve Chair Jerome Powell's dovish shift last week. Investors now await the euro zone's final November inflation print later in the day, while keeping an eye out for the U.S. personal consumption expenditure data later this week for clues on the global monetary policy outlook. | By Khushi Singh and Ankika Biswas Dec 19 (Reuters) - European shares climbed on Tuesday as risk appetite got a boost after Japan's central bank stuck to its ultra-loose monetary policy, while investors focused on the euro zone's inflation print to gauge the timing of rate cuts next year. The pan-European STOXX 600 .STOXX climbed 0.3% by 0927 GMT, with investors remaining optimistic about rate cuts next year following Federal Reserve Chair Jerome Powell's dovish shift last week. ECB member Francois Villeroy de Galhau said lower interest rates are seen sometime in 2024, reaffirming that inflation should be back down to 2% by 2025 at the latest, while the Wall Street Journal reported Federal Reserve's San Francisco President Mary Daly noted that rate cuts are likely appropriate next year on improved inflation. | By Khushi Singh and Ankika Biswas Dec 19 (Reuters) - European shares climbed on Tuesday as risk appetite got a boost after Japan's central bank stuck to its ultra-loose monetary policy, while investors focused on the euro zone's inflation print to gauge the timing of rate cuts next year. Driven by rate cut optimism, the STOXX 600 is on track for its second monthly gain in December and a double-digit advance of 12.2% for the year. ECB member Francois Villeroy de Galhau said lower interest rates are seen sometime in 2024, reaffirming that inflation should be back down to 2% by 2025 at the latest, while the Wall Street Journal reported Federal Reserve's San Francisco President Mary Daly noted that rate cuts are likely appropriate next year on improved inflation. | d9eee2ac-9397-44d6-baf4-1622d02b0961 |
711013.0 | 2023-12-16 00:00:00 UTC | CEE MARKETS-Forint gains in thin trading ahead of rates decision | DCOMP | https://www.nasdaq.com/articles/cee-markets-forint-gains-in-thin-trading-ahead-of-rates-decision | nan | nan | By 0855 GMT the Hungarian forint EURHUF= firmed 0.3% against the euro to 383.45, after steadily backing off from its four-month high of 375.55 hit in mid-November.
Peter Virovacz, an economist at ING Bank in Budapest, said "We are expecting a cautious central bank cutting, only 75 bps. That could move markets away from any type of premature expectations of a stronger easing."
"The central bank decision could help move EURHUF back towards these 380-ish levels."
Meanwhile the Czech crown EURCZK= slipped 0.1% to 24.5340 per euro, having retreated steadily since late November, and traded close to its weakest levels in almost a month.
Elsewhere the Polish zloty EURPLN= traded at 4.3290 per euro, holding flat slightly off of its strongest standing since March 2020.
"For the rest of the year, the EURPLN exchange rate will remain stable around the level of 4.33 with low volatility," Bank Millennium analysts wrote in a comment.
"Emotions will probably return only at the beginning of 2024, when macroeconomic data will build expectations regarding the decisions of the largest central banks."
Poland's new government is expected to adopt its draft budget for 2024 later today.
"Even though next year's borrowing needs in the previous government's (budget) draft were nominally record-breaking, the cost of fulfilling the coalition's election promises will further increase them," Bank Millennium economists said.
CEE MARKETS
SNAPSHOT
AT 0955 CET
CURRENCIES
Latest
Previous
Daily
Change
bid
close
change
in 2023
Czech crown
EURCZK=
24.5340
24.5000
-0.14%
-1.53%
Hungary forint
EURHUF=
383.4500
384.7000
+0.33%
+4.17%
Polish zloty
EURPLN=
4.3290
4.3300
+0.02%
+8.33%
Romanian leu
EURRON=
4.9700
4.9695
-0.01%
-0.55%
Serbian dinar
EURRSD=
117.0800
117.1800
+0.09%
+0.19%
Note: daily change
calculated from
1800 CET
Latest
Previous
Daily
Change
close
change
in 2023
Prague
.PX
1377.84
1381.8400
-0.29%
+14.65%
Budapest
.BUX
60704.38
60538.62
+0.27%
+38.61%
Warsaw
.WIG20
2333.35
2334.50
-0.05%
+30.21%
Bucharest
.BETI
15455.10
15472.07
-0.11%
+32.51%
Spread
Daily
vs Bund
change in
Czech Republic
spread
2-year
CZ2YT=RR
4.7060
-0.1040
+218bps
-8bps
5-year
CZ5YT=RR
3.6980
-0.0400
+169bps
-1bps
10-year
CZ10YT=RR
3.7890
-0.0240
+176bps
+2bps
Poland
2-year
PL2YT=RR
4.9610
-0.0540
+244bps
-3bps
5-year
PL5YT=RR
4.8410
-0.0210
+283bps
+1bps
10-year
PL10YT=RR
5.0470
-0.0880
+302bps
-4bps
FORWARD
3x6
6x9
9x12
3M interbank
Czech Rep
CZKFRAPRIBOR=
6.17
5.01
3.92
7.00
Hungary
HUFFRABUBOR=
8.70
6.81
5.96
10.16
Poland
PLNFRAWIBOR=
5.50
4.94
4.48
5.86
Note: FRA quotes
are for ask prices
**************************************************************
(Reporting by Karol Badohal in Warsaw, Boldizsar Gyori in Budapest; Editing by Shailesh Kuber)
((karl.badohal@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. | Meanwhile the Czech crown EURCZK= slipped 0.1% to 24.5340 per euro, having retreated steadily since late November, and traded close to its weakest levels in almost a month. "For the rest of the year, the EURPLN exchange rate will remain stable around the level of 4.33 with low volatility," Bank Millennium analysts wrote in a comment. "Even though next year's borrowing needs in the previous government's (budget) draft were nominally record-breaking, the cost of fulfilling the coalition's election promises will further increase them," Bank Millennium economists said. | "Even though next year's borrowing needs in the previous government's (budget) draft were nominally record-breaking, the cost of fulfilling the coalition's election promises will further increase them," Bank Millennium economists said. Latest Previous Daily Change bid close change in 2023 Czech crown Latest Previous Daily Change close change in 2023 Prague | Peter Virovacz, an economist at ING Bank in Budapest, said "We are expecting a cautious central bank cutting, only 75 bps. Latest Previous Daily Change bid close change in 2023 Czech crown 5.50 4.94 4.48 5.86 Note: FRA quotes are for ask prices ************************************************************** (Reporting by Karol Badohal in Warsaw, Boldizsar Gyori in Budapest; Editing by Shailesh Kuber) ((karl.badohal@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. | Peter Virovacz, an economist at ING Bank in Budapest, said "We are expecting a cautious central bank cutting, only 75 bps. "The central bank decision could help move EURHUF back towards these 380-ish levels." Latest Previous Daily Change bid close change in 2023 Czech crown | 11c443f9-5e55-4e25-a77b-8a1281b043de |
711014.0 | 2023-12-16 00:00:00 UTC | The Zacks Analyst Blog Highlights Netflix, Boeing, American Express, Amazon and Shopify | DCOMP | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-netflix-boeing-american-express-amazon-and-shopify | nan | nan | For Immediate Release
Chicago, IL – December 19, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Netflix, Inc. NFLX, The Boeing Co. BA, American Express Co. AXP, Amazon.com, Inc. AMZN and Shopify Inc. SHOP.
Here are highlights from Monday’s Analyst Blog:
Top Analyst Reports for Netflix, Boeing and American Express
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Netflix, The Boeing Co. and American Express Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Shares of Netflix have outperformed the Zacks Broadcast Radio and Television industry over the year-to-date period (+77.0% vs. +46.8%). The company is benefiting from a growing subscriber base thanks to a robust portfolio. Crackdown on password-sharing and the introduction of paid sharing in more than 100 countries, which represents more than 80% of Netflix’s revenue base, is also expected to aid growth.
Netflix’s diversified content portfolio, which is attributable to heavy investments in the production and distribution of localized, foreign-language content, has been driving its growth prospects.
However, stiff competition in the streaming space from the likes of Apple, Amazon Prime Video, Disney+, Peacock and Paramount+ is a headwind. Netflix’s leveraged balance sheet and a higher streaming obligation are concerns. Additionally, unfavorable forex is expected to hurt operating income in the fourth quarter of 2023.
(You can read the full research report on Netflix here >>>)
Boeing’s shares have outperformed the Zacks Aerospace - Defense industry over the year-to-date period (+77.0% vs. +46.8%). The company remains the largest aircraft manufacturer in the United States in terms of revenues, orders and deliveries. During the third quarter, the jet giant booked 398 net commercial airplane orders.
A strengthening U.S. defense budget should also boost Boeing’s Defense, Space & Security's segment growth. Boeing has ample liquidity to meet its debt obligations in the near term. Our model projects Boeing's total revenues to increase in 2023-2025 period.
However, Boeing expects supply-chain disruptions to continue to harm its operational results, at least in the near term. Its dispute with Embraer over termination of the earlier joint venture might cause it to incur some loss in the future. Rising jet fuel price also poses a threat to the stock’s future growth.
(You can read the full research report on Boeing here >>>)
Shares of American Express have outperformed the Zacks Financial - Miscellaneous Services industry over the year-to-date period (+24.0% vs. +16.8%). The company’s several growth initiatives, such as launching new products, reaching new agreements and forging alliances, are boosting its revenues. Consumer spending on T&E, which carries higher margins for AmEx, is advancing well.
Its balance sheet looks strong with manageable debt and ample cash. Solid cash-generation abilities enable the pursuit of business investments and prudent deployment of capital via buybacks and dividends.
However, with higher utilization of the firm’s cards, expense in the form of card member services and card member rewards is likely to go up and strain the margins. Business development, data processing and equipment costs expected to rise. A high debt level induces a rise in interest expenses. As such, the stock warrants a cautious stance.
(You can read the full research report on American Express here >>>)
Other noteworthy reports we are featuring today include Amazon.com, Inc. and Shopify Inc.
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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
The Boeing Company (BA) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
American Express Company (AXP) : Free Stock Analysis Report
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. | Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Netflix, Inc. NFLX, The Boeing Co. BA, American Express Co. AXP, Amazon.com, Inc. AMZN and Shopify Inc. SHOP. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. | Stocks recently featured in the blog include: Netflix, Inc. NFLX, The Boeing Co. BA, American Express Co. AXP, Amazon.com, Inc. AMZN and Shopify Inc. SHOP. Here are highlights from Monday’s Analyst Blog: Top Analyst Reports for Netflix, Boeing and American Express The Zacks Research Daily presents the best research output of our analyst team. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report Shopify Inc. (SHOP) : Free Stock Analysis Report To read this article on Zacks.com click here. | Here are highlights from Monday’s Analyst Blog: Top Analyst Reports for Netflix, Boeing and American Express The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Netflix, The Boeing Co. and American Express Co. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report Shopify Inc. (SHOP) : Free Stock Analysis Report To read this article on Zacks.com click here. | Today's Research Daily features new research reports on 16 major stocks, including Netflix, The Boeing Co. and American Express Co. (You can read the full research report on American Express here >>>) Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 21dcca78-ba72-48e8-80c6-a10114b3e1f5 |
711015.0 | 2023-12-16 00:00:00 UTC | New Strong Sell Stocks for December 19th | DCOMP | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-december-19th-0 | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Apollo Commercial Real Estate Finance, Inc. ARI is a real estate investment trust. The Zacks Consensus Estimate for its current year earnings has been revised 7.3% downward over the last 60 days.
Energizer Holdings, Inc. ENR is a battery manufacturer. The Zacks Consensus Estimate for its current year earnings has been revised 6.2% downward over the last 60 days.
Marten Transport, Ltd. MRTN is a refrigerated trucking company. The Zacks Consensus Estimate for its current year earnings has been revised 16.4% downward over the last 60 days.
View the entire Zacks Rank #5 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
Energizer Holdings, Inc. (ENR) : Free Stock Analysis Report
Marten Transport, Ltd. (MRTN) : Free Stock Analysis Report
Apollo Commercial Real Estate Finance (ARI) : 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. | 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? | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Apollo Commercial Real Estate Finance, Inc. ARI is a real estate investment trust. The Zacks Consensus Estimate for its current year earnings has been revised 7.3% downward over the last 60 days. Click to get this free report Energizer Holdings, Inc. (ENR) : Free Stock Analysis Report Marten Transport, Ltd. (MRTN) : Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI) : Free Stock Analysis Report To read this article on Zacks.com click here. | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Apollo Commercial Real Estate Finance, Inc. ARI is a real estate investment trust. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report Energizer Holdings, Inc. (ENR) : Free Stock Analysis Report Marten Transport, Ltd. (MRTN) : Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI) : Free Stock Analysis Report To read this article on Zacks.com click here. | 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 Energizer Holdings, Inc. (ENR) : Free Stock Analysis Report Marten Transport, Ltd. (MRTN) : Free Stock Analysis Report Apollo Commercial Real Estate Finance (ARI) : Free Stock Analysis Report To read this article on Zacks.com click here. | 27244284-2774-499c-9281-7d8f743b3ac4 |
711016.0 | 2023-12-16 00:00:00 UTC | The Zacks Analyst Blog Highlights Meta Platforms, Intel, NVIDIA, UiPath and Microsoft | DCOMP | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-meta-platforms-intel-nvidia-uipath-and-microsoft | nan | nan | For Immediate Release
Chicago, IL – December 19, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms META, Intel Corp. INTC, NVIDIA NVDA, UiPath PATH and Microsoft MSFT.
Here are highlights from Monday’s Analyst Blog:
4 Must-Buy Stocks to Benefit from A.I. Spending in 2024
Artificial intelligence (AI) can be considered one of the most transformative technology trends since the start of the Internet in 1995. AI stocks have outperformed the market, with the Global Artificial Intelligence ETF rising to 52.4% year to date compared with the S&P 500’s 23.4% return in the same period.
Spending on AI systems is expected to accelerate over the next several years as organizations deploy AI as part of their digital transformation efforts and to remain competitive in the digital economy. Predictions for 2024 are largely centered around the emergence of AI as a major inflection point in the technology industry, especially for players like Meta Platforms, Intel Corp., NVIDIA and UiPath.
According to the IDC’s Worldwide Artificial Intelligence Spending Guide, global spending on AI is forecast to double over the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024, with a compound annual growth rate (CAGR) of 20.1% between the 2019-2024 period.
The largest share of software spending is expected to go to AI applications ($14.1 billion), while the largest category of services spending will be IT services ($14.5 billion). Servers ($11.2 billion) will dominate hardware spending. Software will see the fastest growth in spending over the forecast period with a five-year CAGR of 22.5%.
By 2025, Global 2000 (G2000) organizations are expected to allocate more than 40% of their core IT spending to AI-related initiatives, leading to a double-digit increase in the rate of product and process innovations.
What's Next: The 2024 AI Landscape
There are already signs that AI monetization has started to impact the technology sector, with solid quarterly results from Microsoft, Datadog and Palantir Technologies that show new ways to harness AI are exploding across the enterprise and consumer landscape.
While AI is not a new technology, companies have been investing heavily in predictive and interpretive AI for years, the announcement of the GPT-3.5 series from OpenAI in late 2022 captured the world's attention and triggered a surge of investment in generative AI.
Microsoft announced huge investments in OpenAI in January 2023. Google debuted AI-powered search and BARD in May 2023, while NVIDIA’s market cap hit the $1 trillion mark in late May 2023 on AI euphoria, which boosted the demand for chips. OpenAI then debuted GPT enterprise in late August 2023, followed by Amazon’s bet on Anthropic in September. The Biden government signed an AI executive order in October 2023, Amazon announced the launch of its new chatbot, "Q," in late November 2023 and Google unveiled its most effective Generative AI model, Gemini, in December 2023.
The year 2024 is likely to witness the launch of AI-equipped PCs and other devices, moving some cloud-based AI processes to local devices. For instance, Google's Pixel 8 series, with the Tensor G3 chip, showcases AI-driven features like photo editing and audio filtering. Investors can expect similar advancements from companies like HP, Dell, Lenovo and possibly Apple.
The hype over AI and cloud computing has driven investors to snap up stocks of companies set to be winners in 2024. The Nasdaq 100 has surged more than 40% in 2023, trumping the S&P 500 Index’s roughly 15% gain.
Our Picks
NVIDIA is gaining from the strong growth of artificial intelligence, high-performance computing and accelerated computing, which is boosting its Compute & Networking revenues. This Zacks Rank #2 (Buy) company’s datacenter end-market business is likely to benefit from the growing demand for generative AI and large language models using GPUs based on NVIDIA Hopper and Ampere architectures. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A surge in Hyperscale demand and a solid uptake of AI-based smart cockpit infotainment solutions are acting as tailwinds for NVDA. Collaboration with Mercedes-Benz and Audi is likely to advance NVDA’s presence in the autonomous vehicles and other automotive electronics space.
NVIDIA expects its fourth-quarter fiscal 2024 revenues to reach $20 billion from $6.05 billion in the year-ago quarter. The Zacks Consensus Estimate for fiscal 2025 earnings is pegged at $12.29 per share, up 13.2% in the past 30 days. Shares of NVDA have surged 234.5% year to date.
Meta Platforms 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. This Zacks Rank #2 company also released Code Llama, an LLM that can use text prompts to generate and discuss code.
The company is also launching Meta AI in beta, an advanced conversational assistant, which will be available on WhatsApp, Messenger and Instagram. Meta AI will also be available on Ray-Ban Meta smart glasses and Quest 3.
Meta expects total revenues between $36.5 billion and $40 billion for the fourth quarter of 2023. The Zacks Consensus Estimate for 2024 earnings is pegged at $14.32 per share, up 0.4% in the past 30 days. Shares of META have surged 178.3% year to date.
UiPath launched a number of AI-enabled services on its platform that are expected to boost top-line growth in 2024. These include new features for existing AutoPilot services, as well as broader cross-platform connectivity options. Autopilot for Assistant is an AI companion that helps you tackle your daily task list. It securely blends the best of Generative AI and Specialized AI to work with a wide variety of systems and documents. Autopilot for Studio enhances the productivity of both professional and new developers, empowering them to use natural language in their work.
In November 2023, UiPath Clipboard AI was named one of TIME's Best Inventions of 2023 in the Productivity category. Clipboard AI eliminates the need for manual copy-pasting.
Looking to the fourth quarter, this Zacks Rank #2 company predicts revenues between $381 million and $386 million and ARR around $1.45 billion. The Zacks Consensus Estimate for 2024 earnings is pegged at 47 cents per share, up 17.5% in the past 30 days. Shares of PATH have surged 102% year to date.
Last week, Intel Corporation launched AI chips for data centers and PCs. This marks one of the largest architectural shifts for the company in 40 years. The strategic decision is primarily aimed at gaining a firmer footing in the expansive AI sector, spanning cloud and enterprise servers to networks, volume clients and ubiquitous edge environments, in tune with the evolving market dynamics.
This Zacks Rank #2 company further provided an update on the availability of Intel Gaudi3. These chips — known as AI accelerators — are slated to be released in 2024. The next-generation AI accelerator will likely help companies develop chatbots and other rapidly proliferating services for deep learning and large-scale generative AI models. With increasing demand for generative AI solutions, Intel expects to capture a greater pie of the accelerator market in 2024 with its suite of AI accelerators led by Gaudi.
For the fourth quarter of 2023, Intel offered bullish guidance and currently expects non-GAAP revenues to be $14.6-$15.6 billion. The Zacks Consensus Estimate for 2024 earnings is pegged at 95 cents per share, unchanged in the past 30 days. Shares of INTC have surged 74.7% year to date.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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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Intel Corporation (INTC) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
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UiPath, Inc. (PATH) : 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. | Google debuted AI-powered search and BARD in May 2023, while NVIDIA’s market cap hit the $1 trillion mark in late May 2023 on AI euphoria, which boosted the demand for chips. This Zacks Rank #2 (Buy) company’s datacenter end-market business is likely to benefit from the growing demand for generative AI and large language models using GPUs based on NVIDIA Hopper and Ampere architectures. The strategic decision is primarily aimed at gaining a firmer footing in the expansive AI sector, spanning cloud and enterprise servers to networks, volume clients and ubiquitous edge environments, in tune with the evolving market dynamics. | Stocks recently featured in the blog include: Meta Platforms META, Intel Corp. INTC, NVIDIA NVDA, UiPath PATH and Microsoft MSFT. Our Picks NVIDIA is gaining from the strong growth of artificial intelligence, high-performance computing and accelerated computing, which is boosting its Compute & Networking revenues. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report UiPath, Inc. (PATH) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | What's Next: The 2024 AI Landscape There are already signs that AI monetization has started to impact the technology sector, with solid quarterly results from Microsoft, Datadog and Palantir Technologies that show new ways to harness AI are exploding across the enterprise and consumer landscape. While AI is not a new technology, companies have been investing heavily in predictive and interpretive AI for years, the announcement of the GPT-3.5 series from OpenAI in late 2022 captured the world's attention and triggered a surge of investment in generative AI. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report UiPath, Inc. (PATH) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks recently featured in the blog include: Meta Platforms META, Intel Corp. INTC, NVIDIA NVDA, UiPath PATH and Microsoft MSFT. The largest share of software spending is expected to go to AI applications ($14.1 billion), while the largest category of services spending will be IT services ($14.5 billion). While AI is not a new technology, companies have been investing heavily in predictive and interpretive AI for years, the announcement of the GPT-3.5 series from OpenAI in late 2022 captured the world's attention and triggered a surge of investment in generative AI. | b6505f02-d78e-4af5-95a3-366a98e2641f |
711017.0 | 2023-12-16 00:00:00 UTC | The Zacks Analyst Blog Highlights Novo Nordisk, Eli Lilly, Vertex Pharmaceuticals, Regeneron and GSK | DCOMP | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-novo-nordisk-eli-lilly-vertex-pharmaceuticals-regeneron | nan | nan | For Immediate Release
Chicago, IL – December 19, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Novo Nordisk NVO, Eli Lilly LLY, Vertex Pharmaceuticals Inc. VRTX, Regeneron REGN and GSK plc GSK.
Here are highlights from Monday’s Analyst Blog:
5 Big Pharma Stocks Looking to Continue Outperforming in 2024
The drug and biotech sector has underperformed the broader equity market in 2023 despite the launch of promising new medicines and high-profile merger and acquisition (M&A) activity. In fact, most large drugmakers have also underperformed the drug/biotech industry.
Regular pipeline setbacks, slow ramp-up of newer drugs, supply chain disruptions, uncertainty about the impact of Medicare drug price negotiations, Federal Trade Commission’s (FTC) scrutiny of M&A deals, rising inflation and economic uncertainty are some of the factors that pulled down the drug/biotech industry.
Nonetheless, a few big drugmakers, Novo Nordisk, Eli Lilly, Vertex Pharmaceuticals Inc., Regeneron and GSK plc, have outperformed the industry this year. Moreover, these stocks are also well poised to keep their momentum alive in 2024.
In this article, we discuss how these five companies performed this year and the factors that are likely to drive their growth in 2024.
Novo Nordisk
Novo Nordisk has one of the broadest diabetes portfolios in the industry, with an extensive range of insulin drugs and diabetes-related products. Semaglutide remains the company's growth engine. It is approved as Ozempic pre-filled pen and Rybelsus oral tablet for type II diabetes and as Wegovy injection for weight management. Ozempic, Rybelsus and Saxenda have been helping the company maintain momentum.
Novo Nordisk is aglobal marketleader in the popular GLP-1 segment of the diabetes market. Its popular GLP-1 receptor agonist, Wegovy, is seeing strong prescription trends and is generating impressive revenues and profits for Novo Nordisk. Label expansions of diabetes and obesity care drugs in cardiovascular and other indications are likely to boost sales.
Data from the phase III SELECT study, which evaluated Wegovy (semaglutide 2.4 mg) as an adjunctive treatment for preventing cardiovascular (“CV”) diseases in adults with overweight or obesity, showed that Wegovy reduced the risk of major adverse CV events by 20%. Obesity is one of the major risk factors responsible for CV diseases. A weight-loss drug like Wegovy, which also has CV benefits, is expected to see an increase in sales and demand. Novo Nordisk is also evaluating a once-daily oral formulation of semaglutide for obesity indication in late-stage studies, with a potential FDA filing expected later this year.
Novo Nordisk has also significantly stepped up its M&A activity in the past two years.
Novo Nordisk sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The stock has risen 43.5% so far this year compared with an increase of 3.9% for the industry.
Estimates for its 2024 earnings per share have increased from $2.91 to $3.10 over the past 60 days.
Eli Lilly
In 2023, Lilly made rapid pipeline progress in areas like obesity, diabetes and Alzheimer’s, thus attracting investors to the stock.
Mounjaro/tirzepatide, Lilly’s new dual GIP and GLP-1 receptor agonist (GIP/GLP-1 RA), was approved for treating type II diabetes in May 2022 and generated impressive sales of $2.96 billion in the first nine months of 2023, benefiting from strong demand trends. Tirzepatide is expected to be a key long-term top-line driver for Lilly as it has the potential to be approved for obesity and other diabetes-related diseases.
Tirzepatide showed superior weight-loss reduction in clinical studies for obesity indication. It was approved for the said indication in the United States in November by the name of Zepbound. Mounjaro and Zepbound are expected to be key top-line drivers for Lilly, with demand for weight loss drugs rising rapidly.
Lilly also gained approvals for some other new drugs in 2023. Omvoh/mirikizumab was approved for its first inflammatory bowel disease (IBD) indication, ulcerative colitis, in the United States, Europe and Japan in 2023. Lilly expects to file a regulatory application seeking approval for Omvoh/mirikizumab for its second IBD indication, Crohn's disease, in 2024. Lilly’s BTK inhibitor Jaypirca was approved for mantle cell lymphoma in the United States in January 2023 and for the second indication, chronic lymphocytic leukemia, in December.
Lilly will file the U.S. regulatory application for donanemab for early Alzheimer’s disease in the first quarter of 2024 while an application is under review in the EU. All these potential new product launches are expected to drive the growth of the company.
Continued strong sales of key drugs Mounjaro, Verzenio, Jardiance and Taltz, coupled with contributions from new products like Zepbound, are expected to drive top-line growth in 2024.
Lilly is a #3 Ranked stock.
The stock has risen 56.4% so far this year compared with an increase of 3.9% for the industry.
Though estimates for 2024 have declined from $13.16 per share to $12.70 in the past 60 days, it was only due to higher costs related to some research and collaboration deals. The stock has surged 49.5% year to date.
Vertex
The company enjoys a dominant position in the cystic fibrosis (CF) market. Vertex’s CF sales continue to grow, driven by its triple therapy, Trikafta (marketed as Kaftrio in Europe). While CF remains the main area of focus, Vertex is also developing treatments for sickle cell disease (SCD), beta thalassemia (TDT), acute and neuropathic pain, APOL1-mediated kidney disease, type I diabetes and alpha-1 antitrypsin deficiency. It also has earlier-stage programs in diseases such as muscular dystrophy.
Many of its non-CF candidates represent multibillion-dollar opportunities. Several of the programs are past the proof-of-concept stage. It has been in the news this year due to the progress made in its non-CF pipeline.
Earlier this month, the FDA approved Vertex and partner CRISPR Therapeutics Casgevy (exagamglogene autotemcel) for SCD for patients aged 12 years and older with recurrent vaso-occlusive crises. Casgevy became the first CRISPR-based gene-editing therapy to be approved in the United States.
CRISPR and Vertex have also developed Cagevy for the treatment of TDT in the United States. A regulatory filing for the use of Casgevy for this indication is currently under review. A decision from the FDA is expected on Mar 30, 2024. Last month, Casgevy was approved in the United Kingdom for treating both SCD and TDT indications.
Last week, Vertex announced encouraging data from a phase II study that demonstrated the promising safety and efficacy profile of its investigational non-opioid pain medicine, VX-548, for treating painful diabetic peripheral neuropathy across all doses.
The data from the phase II dose-ranging study showed that VX-548, a novel first-in-class NaV1.8 inhibitor, led to a statistically significant and clinically meaningful reduction in the primary endpoint of change from baseline in the Numeric Pain Rating Scale, a measure of pain intensity in adults.
Investors are paying a lot of attention to VX-548, which, they believe, has blockbuster potential as it can change the standard of care for neuropathic pain, an area with limited treatment options, mostly highly addictive opioid-based medications.
Vertex has a Zacks Rank of 3.
So far this year, the stock has risen 42.2% against the industry’s 17.7% decline.
Estimates for 2024 earnings per share have increased from $16.05 to $16.55 over the past 60 days.
Regeneron
Regeneron’s key top-line drivers are inflammatory medicine, Dupixent, which it markets in partnership with Sanofi, and eye drug Eylea. Dupixent sales are rapidly growing, driven by continued strong demand in the approved indications — atopic dermatitis, asthma, chronic rhinosinusitis with nasal polyposis, eosinophilic esophagitis and prurigo nodularis.
In August 2023, the FDA approved Eylea HD (higher dose of Eylea) for the treatment of patients with wet age-related macular degeneration, diabetic macular edema and diabetic retinopathy. The approval of Eylea HD is a great boost to the company and may help revise Eylea sales, which have been under pressure in the last couple of quarters due to competition from Roche’s Vabysmo. Label expansion into additional indications should further increase the commercial potential of Eylea and Dupixent. We are impressed by Regeneron’s efforts to bring additional products to the market, like Kevzara, Inmazeb and Libtayo. The company’s progress with its oncology pipeline candidate, odronextamab, a bispecific antibody targeting CD20 and CD3, is also impressive.
Regeneron has a Zacks Rank #3
So far this year, the stock has risen 19.1% against the industry’s 17.7% decline.
Estimates for its 2024 earnings per share have increased from $42.26 to $42.62 over the past 60 days.
GSK
GSK enjoys a strong position in HIV and Vaccines therapeutic areas. Its products like Dovato, Nucala, Shingrix and Juluca have become key drivers of top-line growth.
The company has some promising new products in Specialty Medicines and Vaccines areas like RSV vaccine, Arexvy and Ojjaara (momelotinib) for myelofibrosis with anemia. Arexvy has been successfully launched in the third quarter of 2023 and it, along with Shingrix, is expected to be a key driver of growth in the Vaccines unit in 2024.
Other new drugs approved/launched recently are Jesduvroq/ Duvroq (daprodustat) for anemia due to chronic kidney disease (CKD) in adults on dialysis in the United States, and Apretude, a long-acting injectable form of cabotegravir drug for the prevention of HIV infection, also called pre-exposure prophylaxis or PrEP. All these new products are expected to drive growth in the future quarters.
GSK boasts a broad vaccine portfolio that targets infectious diseases like meningitis, shingles, flu, polio and many more. GSK is also focusing on accelerating the vaccine pipeline, particularly the expanded use of the RSV vaccine, pentavalent vaccine and the 5-in-1 meningococcal vaccine, MenABCWY, to drive long-term growth. It has a leading suite of vaccine platform technologies, including next-generation mRNA, multiple antigens presenting system, or MAPS, as well as adjuvant systems.
Some label expansion studies are ongoing on Jemperli, with other oncology compounds in earlier-stage endometrial cancer and advanced NSCLC. GSK is also focused on developing innovative ultra-long-acting HIV regimens for treatment and prevention, which can extend the dosing intervals of the injections.
This Zacks #3 Ranked stock has risen 2.1% so far this year against a decline of 17.7% for the industry.
Estimates for its 2024 earnings per share have increased from $3.79 to $3.84 over the past 60 days.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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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Regeneron Pharmaceuticals, Inc. (REGN) : Free Stock Analysis Report
GSK PLC Sponsored ADR (GSK) : Free Stock Analysis Report
Novo Nordisk A/S (NVO) : Free Stock Analysis Report
Eli Lilly and Company (LLY) : Free Stock Analysis Report
Vertex Pharmaceuticals Incorporated (VRTX) : 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. | Here are highlights from Monday’s Analyst Blog: 5 Big Pharma Stocks Looking to Continue Outperforming in 2024 The drug and biotech sector has underperformed the broader equity market in 2023 despite the launch of promising new medicines and high-profile merger and acquisition (M&A) activity. Mounjaro/tirzepatide, Lilly’s new dual GIP and GLP-1 receptor agonist (GIP/GLP-1 RA), was approved for treating type II diabetes in May 2022 and generated impressive sales of $2.96 billion in the first nine months of 2023, benefiting from strong demand trends. Dupixent sales are rapidly growing, driven by continued strong demand in the approved indications — atopic dermatitis, asthma, chronic rhinosinusitis with nasal polyposis, eosinophilic esophagitis and prurigo nodularis. | Stocks recently featured in the blog include: Novo Nordisk NVO, Eli Lilly LLY, Vertex Pharmaceuticals Inc. VRTX, Regeneron REGN and GSK plc GSK. Nonetheless, a few big drugmakers, Novo Nordisk, Eli Lilly, Vertex Pharmaceuticals Inc., Regeneron and GSK plc, have outperformed the industry this year. Click to get this free report Regeneron Pharmaceuticals, Inc. (REGN) : Free Stock Analysis Report GSK PLC Sponsored ADR (GSK) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report To read this article on Zacks.com click here. | Stocks recently featured in the blog include: Novo Nordisk NVO, Eli Lilly LLY, Vertex Pharmaceuticals Inc. VRTX, Regeneron REGN and GSK plc GSK. Regeneron has a Zacks Rank #3 So far this year, the stock has risen 19.1% against the industry’s 17.7% decline. Click to get this free report Regeneron Pharmaceuticals, Inc. (REGN) : Free Stock Analysis Report GSK PLC Sponsored ADR (GSK) : Free Stock Analysis Report Novo Nordisk A/S (NVO) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report To read this article on Zacks.com click here. | Lilly also gained approvals for some other new drugs in 2023. Label expansion into additional indications should further increase the commercial potential of Eylea and Dupixent. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | d6a84195-19cb-4872-b1cc-999525e40d24 |
711018.0 | 2023-12-16 00:00:00 UTC | Should You Buy the Dip in SoFi Stock? | DCOMP | https://www.nasdaq.com/articles/should-you-buy-the-dip-in-sofi-stock | nan | nan | Fool.com contributor Parkev Tatevosian evaluates SoFi (NASDAQ: SOFI) stock using financial statement analysis to determine if investors should buy the stock for 2024.
*Stock prices used were the afternoon prices of Dec. 16, 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. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. | Fool.com contributor Parkev Tatevosian evaluates SoFi (NASDAQ: SOFI) stock using financial statement analysis to determine if investors should buy the stock for 2024. Before you buy stock in SoFi Technologies, 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 SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. | Fool.com contributor Parkev Tatevosian evaluates SoFi (NASDAQ: SOFI) stock using financial statement analysis to determine if investors should buy the stock for 2024. Before you buy stock in SoFi Technologies, 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 SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. | Before you buy stock in SoFi Technologies, 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 SoFi Technologies wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. | 1501c94e-23db-4cce-9d27-e0b956187385 |
711019.0 | 2023-12-16 00:00:00 UTC | The Zacks Analyst Blog Highlights Limbach Holdings, Duolingo, Palantir Technologies and Nu Holdings | DCOMP | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-limbach-holdings-duolingo-palantir-technologies-and-nu | nan | nan | For Immediate Release
Chicago, IL – December 19, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Limbach Holdings, Inc. LMB, Duolingo, Inc. DUOL, Palantir Technologies Inc. PLTR and Nu Holdings Ltd. NU.
Here are highlights from Monday’s Analyst Blog:
4 Business Services Stocks That More Than Doubled This Year
Looking back at 2023, we see that it was the year of gradual strengthening of the economy, boosting service activities. While service activities remained in good shape through the year, their positive impacts on the sector were partially offset by contracting economic activity in the manufacturing sector.
Fed’s decision for a third consecutive pause on interest rate hikes since July acted as a tailwind for the Business Services sector. The sector is currently balancing between growth in services pertaining to transportation & warehousing, retail, wholesale, finance & insurance, health care & social assistance, rental & leasing, education and weakness in information, mining, and professional, scientific & technical Services.
2023 Trends That Should Prevail in 2024
With service activities remaining in good shape, the demand for business services is expected to continue rising. Notably, the Services PMI measured by the Institute for Supply Management has recorded the 11th consecutive month of expansion in November. It registered 52.7%, increasing 0.9 percentage points from October’s reading of 51.8%.
Companies that have established successful work-from-home models are focused on digital transformation and have witnessed demand for their services going up or staying constant in the post-pandemic business environment have performed significantly well this year. With digitization and remote working becoming parts of the new normal, these companies are poised to continue their stellar performance in 2024.
4 Business Services Stocks That Warrant a Look
Here, we have picked four Business Services stocks with Zacks Rank #1 (Strong Buy) or #2 (Buy) that have gained more than 100% in 2023 and have witnessed upward estimate revisions in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Limbach Holdings, Inc.: This integrated building systems solutions company is benefiting from the strong performance of the Owner Direct Relationships segment, offsetting continued softness in the General Contractor Relationships. Owner Direct Relationships revenues in the quarter are being driven by the company’s continued focus on increasing the segment’s contribution to the business.
Owner Direct Relationships revenues increased 10.3% year over year in the third quarter of 2023. General Contractor Relationships revenues stayed flat.
Shares of Limbach have rallied a massive 315.1% year to date. The Zacks Consensus Estimate for the 2023 bottom line has been revised 28.7% north in the past 60 days. The company currently sports a Zacks Rank #1.
Limbach Holdings, Inc. price-consensus-eps-surprise-chart | Limbach Holdings, Inc. Quote
Duolingo, Inc.: This operator of mobile learning platform is currently reaping the benefits of product improvements, cost discipline and creative marketing efforts.
The company’s daily and monthly average users increased 63% and 47%, respectively, year over year, in the third quarter of 2023. Number of subscribers increased 60% year over year. All these led to a 43% year-over-year increase in revenues in the quarter. Adjusted EPS came in at 6 cents compared with a loss of 46 cents in the year-ago quarter.
The Zacks Consensus Estimate for the company’s 2023 earnings is currently pegged at 25 cents, having moved from a loss of 9 cents over the past 60 days. This Zacks Rank #1 stock has appreciated a whopping 225.4% this year.
Duolingo, Inc. price-consensus-eps-surprise-chart | Duolingo, Inc. Quote
Palantir Technologies Inc.: This software platform developer is benefiting from healthy business from existing as well as new customers, strengthening both the Government and Commercial segments. The Government segment revenues grew 12% and the Commercial segment revenues surged 33% year over year in the third quarter of 2023.
The Zacks Consensus Estimate for the company’s 2023 earnings is currently pegged at 25 cents, having moved up 8.7% over the past 60 days. This Zacks Rank #1 stock has appreciated a whopping 183.5% this year.
Palantir Technologies Inc. price-consensus-eps-surprise-chart | Palantir Technologies Inc. Quote
Nu Holdings Ltd.: This provider of digital banking platforms and digital financial services is currently benefiting from strong customer growth, higher levels of customer monetization and a low-cost operating platform. The company’s revenues increased 63.5% and earnings surged more than 100% year over year in the third quarter of 2023.
Shares of NU have rallied 103.9% year to date. The Zacks Consensus Estimate for the 2023 bottom line has been revised 4.8% north in the past 60 days. The company carries a Zacks Rank #2 at present.
Nu Holdings Ltd. price-consensus-eps-surprise-chart | Nu Holdings Ltd. Quote
Why Haven’t You Looked at Zacks' Top Stocks?
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report
Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report
Duolingo, Inc. (DUOL) : 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. | Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Companies that have established successful work-from-home models are focused on digital transformation and have witnessed demand for their services going up or staying constant in the post-pandemic business environment have performed significantly well this year. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. | Stocks recently featured in the blog include: Limbach Holdings, Inc. LMB, Duolingo, Inc. DUOL, Palantir Technologies Inc. PLTR and Nu Holdings Ltd. NU. Palantir Technologies Inc. price-consensus-eps-surprise-chart | Palantir Technologies Inc. Quote Nu Holdings Ltd.: This provider of digital banking platforms and digital financial services is currently benefiting from strong customer growth, higher levels of customer monetization and a low-cost operating platform. Click to get this free report Nu Holdings Ltd. (NU) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report Duolingo, Inc. (DUOL) : Free Stock Analysis Report To read this article on Zacks.com click here. | Here are highlights from Monday’s Analyst Blog: 4 Business Services Stocks That More Than Doubled This Year Looking back at 2023, we see that it was the year of gradual strengthening of the economy, boosting service activities. 4 Business Services Stocks That Warrant a Look Here, we have picked four Business Services stocks with Zacks Rank #1 (Strong Buy) or #2 (Buy) that have gained more than 100% in 2023 and have witnessed upward estimate revisions in the past 60 days. Click to get this free report Nu Holdings Ltd. (NU) : Free Stock Analysis Report Limbach Holdings, Inc. (LMB) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report Duolingo, Inc. (DUOL) : Free Stock Analysis Report To read this article on Zacks.com click here. | 4 Business Services Stocks That Warrant a Look Here, we have picked four Business Services stocks with Zacks Rank #1 (Strong Buy) or #2 (Buy) that have gained more than 100% in 2023 and have witnessed upward estimate revisions in the past 60 days. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 8e185e68-8db4-46cc-9507-7546eacd3ee8 |
711020.0 | 2023-12-16 00:00:00 UTC | The Zacks Analyst Blog Highlights Amazon, Abercrombie & Fitch, American Eagle Outfitters and Brinker International | DCOMP | https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-amazon-abercrombie-fitch-american-eagle-outfitters-and | nan | nan | For Immediate Release
Chicago, IL – December 19, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon.com, Inc. AMZN, Abercrombie & Fitch Co. ANF, American Eagle Outfitters, Inc. AEO and Brinker International, Inc. EAT.
Here are highlights from Monday’s Analyst Blog:
November Sales Lift Retailers' Holiday Spirit: 4 Picks for You
U.S. retailers are celebrating a robust rebound in November sales, setting a positive tone for the holiday shopping period. The latest data from the Commerce Department reveals a 0.3% increase in retail sales, totaling $705.7 billion. This defies analysts' expectations of a 0.1% decline and follows a revised 0.2% contraction in October. Despite ongoing challenges, such as inflation, higher borrowing costs and geopolitical tensions, Americans have showcased resilience.
A robust job market has been a key factor in bolstering consumer confidence and spending power. November saw the addition of an impressive 199,000 jobs to the U.S. economy, contributing to a low unemployment rate of 3.7%. The concurrent uptick in wage growth further solidified the link between a strong job market and increased consumer spending.
The National Retail Federation (“NRF”) is optimistic about the holiday season, projecting a 3% to 4% increase in sales for the November-December period. NRF anticipates sales between $957.3 billion and $966.6 billion, excluding autos, gas and restaurants. This reflects the industry's optimism about consumer spending during the festive period.
The unexpected surge in November retail sales aligns with the strategic efforts of retailers who have been enticing customers with discounts. Lower gasoline prices have added fuel to this momentum, freeing up additional funds for consumers to allocate to their holiday shopping endeavors. Excluding gasoline stations, retail sales grew 0.6%.
A Peek Into November Sales Numbers
The Commerce Department's latest report unveils a myriad of trends in retail sales. Motor vehicle & parts dealers experienced a 0.5% increase in sales on a sequential basis. Health & personal care stores saw a notable uptick of 0.9%, and food services & drinking places recorded a substantial 1.6% increase. Clothing & clothing accessories outlets also experienced a surge of 0.6%.
Meanwhile, sporting goods, hobbies, musical instruments & bookstores witnessed robust sales growth of 1.3%. Furniture & home furnishing stores reported a commendable 0.9% rise in sales, while food & beverage stores saw modest growth of 0.2%. Non-store retailers stood out with a noteworthy 1% increase in sales.
On the flip side, the outlook was less optimistic for building material & supplies dealers, where sales dipped by 0.4%. Electronics & appliance stores reported a notable drop of 1.1%. Gasoline stations witnessed a more pronounced decline of 2.9% in receipts. Miscellaneous stores and general merchandise stores registered a decrease of 2% and 0.2% in sales, respectively.
4 Prominent Picks
Amazon.com, Inc. is worth considering. The company’s robust e-commerce platform, renowned for its vast product selection and efficient delivery services, continues to be a primary driver of revenue growth. Prime membership, a cornerstone of Amazon's success, not only fosters customer loyalty but also drives recurring revenues through subscription fees, offering members exclusive access to a myriad of services, such as expedited shipping.
The Zacks Consensus Estimate for Amazon’s current financial-year sales and EPS suggests growth of 11% and 276.1%, respectively, from the year-ago reported figure. AMZN, which sports a Zacks Rank #1 (Strong Buy), has a trailing four-quarter earnings surprise of 54.9%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
Investors can count on Brinker International, Inc., one of the world's leading casual dining restaurant companies. Brinker International is unwavering in its commitment to enhancing customer engagement and boosting revenues through various sales-boosting strategies. These include optimizing the menu and fostering innovation, reinforcing its value proposition, improving food presentation, implementing effective advertising campaigns, optimizing kitchen systems and introducing an enhanced service platform.
The Zacks Consensus Estimate for Brinker International's current financial-year sales and earnings suggests growth of 5.1% and 26.2%, respectively, from the year-ago reported figure. EAT, which sports a Zacks Rank #1, has a trailing four-quarter earnings surprise of 223.6%, on average.
Abercrombie & Fitch Co. is another potential pick. The company's ability to adapt, innovate and connect with customers positions it for a prosperous future. Abercrombie & Fitch’s regional operating model, with a focus on the Americas, the EMEA and the APAC, provides a solid foundation for global expansion. Its strong brand portfolio, operational efficiency and regional strategy make it an attractive investment opportunity as it continues to navigate and thrive in the evolving retail landscape.
This leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids delivered a trailing four-quarter earnings surprise of 713%, on average. The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales suggests growth of 13.3% from the year-ago period. The stock sports a Zacks Rank #1.
American Eagle Outfitters, Inc. is worth betting on. The company’s efforts to rationalize inventory and contain costs are paying off. The strong performance of key brands like American Eagle and Aerie, coupled with expansions into premium and activewear segments, indicates potential for growth. Its store designs and online enhancements demonstrate a commitment to improving the customer experience.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal sales and EPS suggests growth of 4% and 39.2%, respectively, from the year-ago reported figure. AEO, which carries a Zacks Rank #2 (Buy), delivered a trailing four-quarter earnings surprise of 23%, on average.
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report
American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis 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. | Prime membership, a cornerstone of Amazon's success, not only fosters customer loyalty but also drives recurring revenues through subscription fees, offering members exclusive access to a myriad of services, such as expedited shipping. Its strong brand portfolio, operational efficiency and regional strategy make it an attractive investment opportunity as it continues to navigate and thrive in the evolving retail landscape. This leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids delivered a trailing four-quarter earnings surprise of 713%, on average. | Stocks recently featured in the blog include: Amazon.com, Inc. AMZN, Abercrombie & Fitch Co. ANF, American Eagle Outfitters, Inc. AEO and Brinker International, Inc. EAT. The Zacks Consensus Estimate for Brinker International's current financial-year sales and earnings suggests growth of 5.1% and 26.2%, respectively, from the year-ago reported figure. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report To read this article on Zacks.com click here. | Here are highlights from Monday’s Analyst Blog: November Sales Lift Retailers' Holiday Spirit: 4 Picks for You U.S. retailers are celebrating a robust rebound in November sales, setting a positive tone for the holiday shopping period. The Zacks Consensus Estimate for Brinker International's current financial-year sales and earnings suggests growth of 5.1% and 26.2%, respectively, from the year-ago reported figure. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report American Eagle Outfitters, Inc. (AEO) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report To read this article on Zacks.com click here. | This reflects the industry's optimism about consumer spending during the festive period. The stock sports a Zacks Rank #1. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | fe85a13c-4a52-41be-bc98-c31613a45658 |
711021.0 | 2023-12-16 00:00:00 UTC | ArcelorMittal (MT) Surges 5.8%: Is This an Indication of Further Gains? | DCOMP | https://www.nasdaq.com/articles/arcelormittal-mt-surges-5.8%3A-is-this-an-indication-of-further-gains | nan | nan | ArcelorMittal (MT) shares soared 5.8% in the last trading session to close at $28.69. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13% gain over the past four weeks.
ArcelorMittal’s rally appears to reflect the deal between Nippon Steel and U.S. Steel, under which Nippon Steel will acquire U.S. Steel for approximately $14.1 billion. ArcelorMittal was reportedly one of the bidders for U.S. Steel.
This company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -67.9%. Revenues are expected to be $15.06 billion, down 10.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For ArcelorMittal, the consensus EPS estimate for the quarter has been revised 12% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on MT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
ArcelorMittal is part of the Zacks Steel - Producers industry. Schnitzer Steel (RDUS), another stock in the same industry, closed the last trading session 1.4% lower at $29.12. RDUS has returned 17.7% in the past month.
Schnitzer Steel's consensus EPS estimate for the upcoming report has changed +92.9% over the past month to -$0.71. Compared to the company's year-ago EPS, this represents a change of -61.4%. Schnitzer Steel currently boasts a Zacks Rank of #3 (Hold).
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
ArcelorMittal (MT) : Free Stock Analysis Report
Schnitzer Steel Industries, Inc. (RDUS) : 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 company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -67.9%. 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." | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> ArcelorMittal is part of the Zacks Steel - Producers industry. Schnitzer Steel's consensus EPS estimate for the upcoming report has changed +92.9% over the past month to -$0.71. Click to get this free report ArcelorMittal (MT) : Free Stock Analysis Report Schnitzer Steel Industries, Inc. (RDUS) : Free Stock Analysis Report To read this article on Zacks.com click here. | While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, 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 >>>> ArcelorMittal is part of the Zacks Steel - Producers industry. Click to get this free report ArcelorMittal (MT) : Free Stock Analysis Report Schnitzer Steel Industries, Inc. (RDUS) : Free Stock Analysis Report To read this article on Zacks.com click here. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> ArcelorMittal is part of the Zacks Steel - Producers industry. Schnitzer Steel's consensus EPS estimate for the upcoming report has changed +92.9% over the past month to -$0.71. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | b9b47d28-af25-4857-82fc-649fc7386aaa |
711022.0 | 2023-12-16 00:00:00 UTC | Best Value Stocks to Buy for December 19th | DCOMP | https://www.nasdaq.com/articles/best-value-stocks-to-buy-for-december-19th-0 | nan | nan | Here are three stocks with buy rank and strong value characteristics for investors to consider today, December 19:
MarineMax, Inc. HZO: This yacht brokerage and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.
MarineMax, Inc. Price and Consensus
MarineMax, Inc. price-consensus-chart | MarineMax, Inc. Quote
MarineMax has a price-to-earnings ratio (P/E) of 8.14, compared with 9.50 for the industry. The company possesses a Value Score of A.
MarineMax, Inc. PE Ratio (TTM)
MarineMax, Inc. pe-ratio-ttm | MarineMax, Inc. Quote
PLDT Inc. PHI: This company which provides telecommunications and digital services carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 5.8% over the last 60 days.
PLDT Inc. Price and Consensus
PLDT Inc. price-consensus-chart | PLDT Inc. Quote
PLDT Inc has a price-to-earnings ratio (P/E) of 8.39 compared with 14.80 for the industry. The company possesses a Value Score of A.
PLDT Inc. PE Ratio (TTM)
PLDT Inc. pe-ratio-ttm | PLDT Inc. Quote
Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next 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 has a price-to-earnings ratio (P/E) of 11.26 compared with 17.30 for the industry. The company possesses a Value Score of A.
Beacon Roofing Supply, Inc. PE Ratio (TTM)
Beacon Roofing Supply, Inc. pe-ratio-ttm | Beacon Roofing Supply, Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Value 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.
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
MarineMax, Inc. (HZO) : Free Stock Analysis Report
PLDT Inc. (PHI) : 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 value characteristics for investors to consider today, December 19: MarineMax, Inc. HZO: This yacht brokerage and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% 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 has a price-to-earnings ratio (P/E) of 11.26 compared with 17.30 for the industry. The company possesses a Value Score of A. Beacon Roofing Supply, Inc. PE Ratio (TTM) Beacon Roofing Supply, Inc. pe-ratio-ttm | Beacon Roofing Supply, Inc. Quote See the full list of top ranked stocks here. Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report PLDT Inc. (PHI) : Free Stock Analysis Report To read this article on Zacks.com click here. | The company possesses a Value Score of A. PLDT Inc. PE Ratio (TTM) PLDT Inc. pe-ratio-ttm | PLDT Inc. Quote Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next 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 has a price-to-earnings ratio (P/E) of 11.26 compared with 17.30 for the industry. Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report MarineMax, Inc. (HZO) : Free Stock Analysis Report PLDT Inc. (PHI) : Free Stock Analysis Report To read this article on Zacks.com click here. | Here are three stocks with buy rank and strong value characteristics for investors to consider today, December 19: MarineMax, Inc. HZO: This yacht brokerage and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days. The company possesses a Value Score of A. PLDT Inc. PE Ratio (TTM) PLDT Inc. pe-ratio-ttm | PLDT Inc. Quote Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next 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? | 5baf4325-18ee-491b-abe3-8cf6726d7e42 |
711023.0 | 2023-12-16 00:00:00 UTC | Zacks.com featured highlights Cboe Global Markets, PACCAR, Installed Building Products, Arcos Dorados and Global Industrial | DCOMP | https://www.nasdaq.com/articles/zacks.com-featured-highlights-cboe-global-markets-paccar-installed-building-products-arcos | nan | nan | For Immediate Release
Chicago, IL – December 19, 2023 – Stocks in this week’s article are Cboe Global Markets CBOE, PACCAR Inc. PCAR, Installed Building Products, Inc. IBP, Arcos Dorados Holdings Inc. ARCO and Global Industrial Co. GIC.
5 Excellent Dividend Growth Stocks to Buy Now
Dividend investing remains a popular strategy. Though the strategy doesn’t offer dramatic price appreciation, it is a major source of consistent income for investors in any type of market. This approach offers a unique blend of income and growth potential, appealing to a broad range of investors.
Additionally, it can provide a sense of security in times of market uncertainty or downturns, as dividend-paying stocks can reduce the volatility of a portfolio and tend to outperform in a choppy market. In particular, focusing on the growth level in this strategy leads to higher returns.
Stocks with a strong history of year-over-year dividend growth form a healthy portfolio with a greater scope of capital appreciation, as opposed to simple dividend-paying stocks or those that have high yields. We have selected five dividend growth stocks — Cboe Global Markets, PACCAR Inc., Installed Building Products, Inc., Arcos Dorados Holdings Inc. and Global Industrial Co. — that seem excellent choices for your portfolio.
Why is Dividend Growth Better?
Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market and, thus, act as a hedge against economic or political uncertainty, as well as stock market volatility. At the same time, these offer downside protection with their consistent increases in payouts.
Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that a dividend increase is likely in the future.
Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.
Here are five stocks that fit the bill:
Illinois-based Cboe Global is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. The company saw a positive earnings estimate revision of 9 cents over the past 30 days for the next year. It has an estimated earnings growth rate of 5.25%.
Cboe Global currently sports a Zacks Rank #1 and has a Growth Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
Washington-based PACCAR is a leading manufacturer of heavy-duty trucks in the world and has substantial manufacturing exposure to light/medium trucks. The company delivered an average earnings surprise of 15.99% for the past four quarters.
PACCAR has a Zacks Rank #2 and a Growth Score of B.
Ohio-based Installed Building Products operates as a residential insulation installer in the United States. The company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. Installed Building Products saw a positive earnings estimate revision of 25 cents for the next year over the past 30 days. It has an estimated earnings growth rate of 6.4%
Installed Building Products has a Zacks Rank #2 and a Growth Score of A at present.
Argentina-based Arcos Dorados operates as a franchisee of McDonald's, with its operations divided among Brazil, North Latin America, South Latin America and the Caribbean divisions. It also runs quick-service restaurants in Latin America and the Caribbean. Arcos Dorados saw a positive earnings estimate revision of 7 cents for the next year over the past 30 days and has an estimated earnings growth rate of 135.4%.
Arcos Dorados has a Zacks Rank #1 and a Growth Score of A.
New York-based Global Industrial is a provider of industrial products principally in North America. The stock has an estimated earnings growth rate of 11.1% for the next year and delivered an average earnings surprise of 8.55% for the past four quarters.
Global Industrial currently has a Zacks Rank #2 and a Growth Score of A.
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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.
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PACCAR Inc. (PCAR) : Free Stock Analysis Report
Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report
Global Industrial Company (GIC) : Free Stock Analysis Report
Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report
Installed Building Products, Inc. (IBP) : 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. | Though the strategy doesn’t offer dramatic price appreciation, it is a major source of consistent income for investors in any type of market. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. | For Immediate Release Chicago, IL – December 19, 2023 – Stocks in this week’s article are Cboe Global Markets CBOE, PACCAR Inc. PCAR, Installed Building Products, Inc. IBP, Arcos Dorados Holdings Inc. ARCO and Global Industrial Co. GIC. We have selected five dividend growth stocks — Cboe Global Markets, PACCAR Inc., Installed Building Products, Inc., Arcos Dorados Holdings Inc. and Global Industrial Co. — that seem excellent choices for your portfolio. Click to get this free report PACCAR Inc. (PCAR) : Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report Global Industrial Company (GIC) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report To read this article on Zacks.com click here. | For Immediate Release Chicago, IL – December 19, 2023 – Stocks in this week’s article are Cboe Global Markets CBOE, PACCAR Inc. PCAR, Installed Building Products, Inc. IBP, Arcos Dorados Holdings Inc. ARCO and Global Industrial Co. GIC. We have selected five dividend growth stocks — Cboe Global Markets, PACCAR Inc., Installed Building Products, Inc., Arcos Dorados Holdings Inc. and Global Industrial Co. — that seem excellent choices for your portfolio. Click to get this free report PACCAR Inc. (PCAR) : Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report Global Industrial Company (GIC) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report To read this article on Zacks.com click here. | We have selected five dividend growth stocks — Cboe Global Markets, PACCAR Inc., Installed Building Products, Inc., Arcos Dorados Holdings Inc. and Global Industrial Co. — that seem excellent choices for your portfolio. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 5e85ba5f-145b-47c7-8133-6dfc3375cf0b |
711024.0 | 2023-12-16 00:00:00 UTC | Bear of the Day: RH (RH) | DCOMP | https://www.nasdaq.com/articles/bear-of-the-day%3A-rh-rh-1 | nan | nan | RH RH, once known as Restoration Hardware, posted a surprise quarterly loss on December 7 and provided downbeat guidance.
The high-end home furniture retailer pointed to higher mortgage rates and other headwinds as reasons for RH’s rough near-term outlook.
RH’s Story
RH is a luxury-centered furniture and home décor powerhouse that has thrived in a changing retail landscape by keeping it old-school. The company still sends out massive catalogs and it has opened large, high-end stores, many with accompanying bars and restaurants in cities from Chicago to New York.
RH is even slowly attempting to push its way into the world of hotels, homes, architecture, and more. RH grew its revenue at a rather impressive rate between its 2012 IPO and 2021, including blowout results in FY21, driven by the booming housing market.
RH’s revenue then slipped about 4.5% last year as the housing market cooled and consumers focused on experiences after they spent a prolonged period buying tables, couches, and more.
Image Source: Zacks Investment Research
RH’s third quarter FY23 revenue fell by nearly 14%. The company’s adjusted operating margin also came in below expectations “due to higher than anticipated expenses, including international openings as well as costs related to our pending acquisition of the New York Guesthouse property and unsuccessful efforts to secure the iconic One Ocean Drive Miami Beach location.”
RH posted an adjusted loss of -$0.42 per share in Q3 vs. our +$0.91 a share Zacks estimate. The firm’s downbeat earnings guidance has seen its consensus estimate slide by 36% for the fourth quarter and 18% for both FY23 and FY24.
RH’s most accurate EPS estimates came in below consensus. All of RH’s downward earnings revisions help it land a Zacks Rank #5 (Strong Sell) right now. The nearby chart shows that RH’s earnings outlook has been fading for well over a year now.
Bottom Line
RH’s adjusted earnings are expected to slide by 60% YoY on 15% lower revenue. RH’s downbeat outlook is due in part to the slowing housing market. The company also said that the “home furnishings market has become increasingly promotional, and we believe that will create a mix shift towards clearance products, pressuring gross margins.”
RH shares are trading over 55% below their peaks. The stock also currently trades under its 200-week moving average.
RH is rather heavily shorted at about 17% of the float. All in, it might be best to avoid RH stock for now and look for other firms not tied directly to the housing market or big-ticket retail items.
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
RH (RH) : 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. | RH’s revenue then slipped about 4.5% last year as the housing market cooled and consumers focused on experiences after they spent a prolonged period buying tables, couches, and more. The company’s adjusted operating margin also came in below expectations “due to higher than anticipated expenses, including international openings as well as costs related to our pending acquisition of the New York Guesthouse property and unsuccessful efforts to secure the iconic One Ocean Drive Miami Beach location.” RH posted an adjusted loss of -$0.42 per share in Q3 vs. our +$0.91 a share Zacks estimate. The company also said that the “home furnishings market has become increasingly promotional, and we believe that will create a mix shift towards clearance products, pressuring gross margins.” RH shares are trading over 55% below their peaks. | The company’s adjusted operating margin also came in below expectations “due to higher than anticipated expenses, including international openings as well as costs related to our pending acquisition of the New York Guesthouse property and unsuccessful efforts to secure the iconic One Ocean Drive Miami Beach location.” RH posted an adjusted loss of -$0.42 per share in Q3 vs. our +$0.91 a share Zacks estimate. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Click to get this free report RH (RH) : Free Stock Analysis Report To read this article on Zacks.com click here. | RH RH, once known as Restoration Hardware, posted a surprise quarterly loss on December 7 and provided downbeat guidance. The company’s adjusted operating margin also came in below expectations “due to higher than anticipated expenses, including international openings as well as costs related to our pending acquisition of the New York Guesthouse property and unsuccessful efforts to secure the iconic One Ocean Drive Miami Beach location.” RH posted an adjusted loss of -$0.42 per share in Q3 vs. our +$0.91 a share Zacks estimate. Click to get this free report RH (RH) : Free Stock Analysis Report To read this article on Zacks.com click here. | The firm’s downbeat earnings guidance has seen its consensus estimate slide by 36% for the fourth quarter and 18% for both FY23 and FY24. RH’s downbeat outlook is due in part to the slowing housing market. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | af4e5651-067a-4b32-9905-c59d28f2c6c7 |
711025.0 | 2023-12-16 00:00:00 UTC | Zacks Industry Outlook Highlights EastGroup Properties, Stag Industrial and Park Hotels & Resorts | DCOMP | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-eastgroup-properties-stag-industrial-and-park-hotels | nan | nan | For Immediate Release
Chicago, IL – December 19, 2023 – Today, Zacks Equity Research discusses EastGroup Properties EGP, Stag Industrial STAG and Park Hotels & Resorts PK.
Industry: REITs
Link: https://www.zacks.com/commentary/2199240/3-equity-reit-stocks-worth-betting-on-despite-industry-woes
Even though the Fed's latest decision to keep interest rates steady brings cheer to REIT investors, broad-based economic uncertainty remains a key concern for the REIT and Equity Trust - Other industry. An expected slowdown in leasing demand is anticipated to dampen the prospects of the industry, while supply-chain constraints and high material costs may raise development costs.
Given this backdrop, investors should consider betting on defensive asset categories within the industry that portray resiliency and have solid fundamentals that will drive growth. Players like EastGroup Properties, Stag Industrial and Park Hotels & Resorts are likely to prosper.
About the Industry
The Zacks REIT and Equity Trust - Other sector comprises a diverse collection of REIT stocks representing various asset categories, including industrial, office, lodging, healthcare, self-storage, data centers, infrastructures and more. Equity REITs lease out space within these properties to tenants, generating income through rental payments.
Economic growth assumes a central role within the real estate sector as economic expansion directly correlates with higher demand for real estate, increased occupancy rates and greater bargaining power for landlords to command higher rental rates. Moreover, the performance of Equity REITs hinges on the specific dynamics of their underlying assets and the geographic location of their properties. Therefore, it is imperative to thoroughly explore the fundamentals of these asset categories before making any investment decisions.
What's Shaping the Future of the REIT and Equity Trust - Other Industry?
Broad-Based Economic Uncertainty to Hurt Near-Term Large-Scale Deals: Although the Federal Reserve kept the benchmark rate unchanged for the third time in a row and indicated three rate cuts in 2024, near-term investors are likely to remain cautious, especially about large-scale business deals. There is less urgency from clients to make new commitments, and they continue to await greater price discovery.
This phenomenon, along with persistent broad-based macroeconomic uncertainty, is expected to lower leasing demand and limit rental rate and occupancy growth. Specifically, the overall office real estate market is expected to continue experiencing lackluster demand as work-from-home and flexible or hybrid work setups take the front foot, diminishing office space utilization.
As for lodging REITs, the recovery in group and business transient travel demand has been slower than anticipated. However, a positive demand trend and improvement in international inbound travel provide scope for revenue per available room growth in the near term, although at a slower pace. Further, with the initial surge in tower activity related to the early stage of the 5G investment cycle coming to a temporary halt and consolidation in the wireless industry, demand for tower REITs is expected to mellow down in the quarters ahead, hurting profitability.
Supply-Chain Woes & High Material Costs Linger: Overall economic uncertainty and geopolitical unrest continue to lead to supply-chain constraints at various stages. This, coupled with elevated interest rates, has pushed up the cost of raw materials, resulting in higher development costs. In addition, REITs are highly dependent on the debt market to carry out their development and redevelopment activities. As a result, interest expenses are likely to be on the higher end in the near term, affecting their ability to purchase or develop real estate with borrowed funds.
Resilient Demand Across Certain Asset-Classes Gives Scope for Growth: Demand for certain asset categories such as healthcare, data centers and industrial and logistics is likely to remain resilient in the near future. Healthcare REITs are well-poised to capitalize on the expected acceleration in senior citizens’ population and a rise in healthcare spending by this age cohort in the upcoming period.
On the other hand, the e-commerce boom and supply-chain strategy transformations continue to provide an impetus to the industrial and logistics real estate space. Further, in this digital era, the high demand for inter-connected data center space by enterprises and service providers continues as they integrate artificial intelligence into their strategies and offerings, and advance their digital transformation agendas. This enhances the growth prospects for data center REITs.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks REIT and Equity Trust - Other industry is housed within the broader Finance sector. It carries a Zacks Industry Rank #153, which places it in the bottom 39% 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 bleak 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.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the southward revision of funds from operations (FFO) per share outlook for the constituent companies in aggregate. Looking at the aggregate FFO per share estimate revisions, it appears that analysts are losing confidence in this group’s growth potential of late. For 2023, the industry’s earnings estimates have moved 1.9% downward since the end of January 2023. The industry’s estimates for 2024 have moved 7.7% south during this time frame.
However, before we present a few stocks that you might 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 Stock Market Performance
The REIT and Equity Trust - Other Industry has underperformed both the S&P 500 composite and the broader Zacks Finance sector in a year.
The industry has risen 6% during this period compared with the S&P 500’s increase of 24% and the broader Finance sector’s 16.3% jump.
Industry's Current Valuation
On the basis of the forward 12-month price-to-FFO ratio, which is a commonly used multiple for valuing REIT - Others, we see that the industry is currently trading at 15.67X compared with the S&P 500’s forward 12-month price-to-earnings (P/E) of 19.75X. However, the industry is trading above the Finance sector’s forward 12-month P/E of 14.80X.
Over the last five years, the industry has traded as high as 22.10X and as low as 12.80X, with a median of 17.79X.
3 REIT and Equity Trust - Other Stocks to Consider
Park Hotels & Resorts: The lodging REIT owns a high-quality portfolio of hotels situated mostly in major urban and convention areas and premier resorts in key leisure destinations. Notably, 86% of the hotels and resorts are in the luxury or upper upscale segment. With economic activity picking up pace, the company continues to witness improvement in overall demand across its portfolio. It expects this positive momentum to continue through the remainder of 2023 and into 2024.
PK currently carries a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for the company’s 2023 FFO per share has been raised marginally over the past month to $1.99, indicating an increase of 29.2% year over year. The stock has gained 38.8% in the year-to-date period. You can see the complete list of today’s Zacks #1 Rank stocks here.
EastGroup Properties: This industrial REIT is engaged in the acquisition, development and operation of industrial properties, the majority of which are clustered around key transportation hubs in supply-constrained submarkets of major Sunbelt regions. Its core markets include the states of Florida, Texas, Arizona, California and North Carolina. Given the strategic location of EGP’s high-quality distribution facilities, it is expected to benefit from the healthy fundamentals of the industrial real estate market.
EastGroup Properties currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for EGP’s 2023 FFO per share has moved marginally northward over the past two months to $7.70, indicating an increase of 10% year over year. The stock has rallied 24.3% in the year-to-date period.
Stag Industrial: The company is engaged in the acquisition, ownership and operation of industrial properties throughout the United States. It enjoys a diversified portfolio in terms of market, tenant industry and tenant credit, which is likely to help it tide through the current market conditions and aid in stabilizing rental revenues.
The REIT currently carries a Zacks Rank #2. The Zacks Consensus Estimate for STAG’s 2023 FFO per share has been raised 1.3% over the past two months to $2.28, indicating an increase of 3.2% year over year. The stock has appreciated 19.7% in the year-to-date period.
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.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
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.
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, a positive demand trend and improvement in international inbound travel provide scope for revenue per available room growth in the near term, although at a slower pace. Given the strategic location of EGP’s high-quality distribution facilities, it is expected to benefit from the healthy fundamentals of the industrial real estate market. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. | For Immediate Release Chicago, IL – December 19, 2023 – Today, Zacks Equity Research discusses EastGroup Properties EGP, Stag Industrial STAG and Park Hotels & Resorts PK. About the Industry The Zacks REIT and Equity Trust - Other sector comprises a diverse collection of REIT stocks representing various asset categories, including industrial, office, lodging, healthcare, self-storage, data centers, infrastructures and more. Click to get this free 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. | About the Industry The Zacks REIT and Equity Trust - Other sector comprises a diverse collection of REIT stocks representing various asset categories, including industrial, office, lodging, healthcare, self-storage, data centers, infrastructures and more. Zacks Industry Rank Indicates Bleak Prospects The Zacks REIT and Equity Trust - Other industry is housed within the broader Finance sector. Industry Lags the Stock Market Performance The REIT and Equity Trust - Other Industry has underperformed both the S&P 500 composite and the broader Zacks Finance sector in a year. | About the Industry The Zacks REIT and Equity Trust - Other sector comprises a diverse collection of REIT stocks representing various asset categories, including industrial, office, lodging, healthcare, self-storage, data centers, infrastructures and more. Industry Lags the Stock Market Performance The REIT and Equity Trust - Other Industry has underperformed both the S&P 500 composite and the broader Zacks Finance sector in a year. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. | 29c9fd0d-1ce8-4c89-8e9b-4a6dcfff4c03 |
711026.0 | 2023-12-16 00:00:00 UTC | MIDEAST STOCKS-Most major Gulf bourses ease on volatile oil | DCOMP | https://www.nasdaq.com/articles/mideast-stocks-most-major-gulf-bourses-ease-on-volatile-oil | nan | nan | Dec 19 (Reuters) - Major stock markets in the Gulf fell in early trade on Tuesday on volatile oil prices, while the global rally in anticipation of U.S. rate cuts began to run out of puff.
Oil prices - a catalyst for the Gulf's financial markets - were little changed as investors eyed the impact on oil supply after attacks on ships in the Red Sea by Yemen's Iran-aligned Houthi militants disrupted maritime trade and forced companies to reroute vessels.
Saudi Arabia's benchmark index .TASI fell 0.2%, hit by a 2.1% slide in Etihad Atheeb Telecommunication 7040.SE and a 0.6% decrease in Al Rajhi Bank 1120.SE.
However, oil behemoth Saudi Aramco 2222.SE edged 0.2% higher.
The kingdom's crude oil exports in October hit their highest level in four months, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
Dubai's main share index .DFMGI dropped 0.3%, with blue-chip developer Emaar Properties EMAR.DU losing 0.5% and toll operator Salik Co SALIK.DU retreating 0.6%.
Oil major BP BP.L temporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signs the crisis was broadening to include energy shipments.
About 15% of world shipping traffic transits via the Suez Canal, which connects the Red Sea to the Mediterranean Sea, offering the shortest shipping route between Europe and Asia.
In Abu Dhabi, the index .FTFADGI eased 0.1%.
The Qatari benchmark .QSI, which traded after a two session break, advanced 2.1%, as most of its constituents were in positive territory including petrochemical maker Industries Qatar IQCD.QA, which gained 3%.
(Reporting by Ateeq Shariff in Bengaluru; Editing by Janane Venkatraman )
((AteeqUr.Shariff@thomsonreuters.com; +918061822788;))
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) - Major stock markets in the Gulf fell in early trade on Tuesday on volatile oil prices, while the global rally in anticipation of U.S. rate cuts began to run out of puff. Saudi Arabia's benchmark index .TASI fell 0.2%, hit by a 2.1% slide in Etihad Atheeb Telecommunication 7040.SE and a 0.6% decrease in Al Rajhi Bank 1120.SE. The Qatari benchmark .QSI, which traded after a two session break, advanced 2.1%, as most of its constituents were in positive territory including petrochemical maker Industries Qatar IQCD.QA, which gained 3%. | Dec 19 (Reuters) - Major stock markets in the Gulf fell in early trade on Tuesday on volatile oil prices, while the global rally in anticipation of U.S. rate cuts began to run out of puff. Saudi Arabia's benchmark index .TASI fell 0.2%, hit by a 2.1% slide in Etihad Atheeb Telecommunication 7040.SE and a 0.6% decrease in Al Rajhi Bank 1120.SE. Oil major BP BP.L temporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signs the crisis was broadening to include energy shipments. | Dec 19 (Reuters) - Major stock markets in the Gulf fell in early trade on Tuesday on volatile oil prices, while the global rally in anticipation of U.S. rate cuts began to run out of puff. Oil prices - a catalyst for the Gulf's financial markets - were little changed as investors eyed the impact on oil supply after attacks on ships in the Red Sea by Yemen's Iran-aligned Houthi militants disrupted maritime trade and forced companies to reroute vessels. Oil major BP BP.L temporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signs the crisis was broadening to include energy shipments. | Oil prices - a catalyst for the Gulf's financial markets - were little changed as investors eyed the impact on oil supply after attacks on ships in the Red Sea by Yemen's Iran-aligned Houthi militants disrupted maritime trade and forced companies to reroute vessels. Saudi Arabia's benchmark index .TASI fell 0.2%, hit by a 2.1% slide in Etihad Atheeb Telecommunication 7040.SE and a 0.6% decrease in Al Rajhi Bank 1120.SE. However, oil behemoth Saudi Aramco 2222.SE edged 0.2% higher. | a0ffc790-19a6-4e88-a010-dd83311464dd |
711027.0 | 2023-12-16 00:00:00 UTC | TSMC to promote from within after chairman retires next year | DCOMP | https://www.nasdaq.com/articles/tsmc-to-promote-from-within-after-chairman-retires-next-year | nan | nan | Adds details and quotes from paragraph 2
TAIPEI, Dec 19 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, said on Tuesday that its board had recommended that current CEO and Vice Chairman C.C. Wei succeed Mark Liu who will be retiring next year as chairman.
Company veteran Liu became Taiwan Semiconductor Manufacturing Co's TSM.N chairman in 2018 after founder Morris Chang, who remains the senior statesman of Taiwan's chip industry, retired.
Liu, who joined TSMC in 1993, said he would like to put his "decades of semiconductor experience to other use, spend more time with my family, and start the next chapter of my life", according to a company statement.
"I am confident that TSMC will continue to perform outstandingly in the years to come."
The TSMC board's Nominating, Corporate Governance and Sustainability Committee recommended that Wei succeed Liu, subject to the election of the incoming board in June 2024.
Wei, who has a doctorate in electrical engineering from Yale University, has been on the company's board since 2017 and joined TSMC in 1998.
TSMC is a major supplier to companies like Apple and Nvidia.
(Reporting by Ben Blanchard; Editing by Jacqueline Wong and Bernadette Baum)
((ben.blanchard@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 details and quotes from paragraph 2 TAIPEI, Dec 19 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, said on Tuesday that its board had recommended that current CEO and Vice Chairman C.C. Liu, who joined TSMC in 1993, said he would like to put his "decades of semiconductor experience to other use, spend more time with my family, and start the next chapter of my life", according to a company statement. Wei, who has a doctorate in electrical engineering from Yale University, has been on the company's board since 2017 and joined TSMC in 1998. | Wei succeed Mark Liu who will be retiring next year as chairman. Company veteran Liu became Taiwan Semiconductor Manufacturing Co's TSM.N chairman in 2018 after founder Morris Chang, who remains the senior statesman of Taiwan's chip industry, retired. The TSMC board's Nominating, Corporate Governance and Sustainability Committee recommended that Wei succeed Liu, subject to the election of the incoming board in June 2024. | Company veteran Liu became Taiwan Semiconductor Manufacturing Co's TSM.N chairman in 2018 after founder Morris Chang, who remains the senior statesman of Taiwan's chip industry, retired. Liu, who joined TSMC in 1993, said he would like to put his "decades of semiconductor experience to other use, spend more time with my family, and start the next chapter of my life", according to a company statement. The TSMC board's Nominating, Corporate Governance and Sustainability Committee recommended that Wei succeed Liu, subject to the election of the incoming board in June 2024. | Adds details and quotes from paragraph 2 TAIPEI, Dec 19 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, said on Tuesday that its board had recommended that current CEO and Vice Chairman C.C. Wei succeed Mark Liu who will be retiring next year as chairman. The TSMC board's Nominating, Corporate Governance and Sustainability Committee recommended that Wei succeed Liu, subject to the election of the incoming board in June 2024. | 59ed02ca-e61a-44f0-a7f7-4ec1ed99098d |
711028.0 | 2023-12-16 00:00:00 UTC | India's $245 bln IT sector swallows tougher terms amid scramble for contracts | DCOMP | https://www.nasdaq.com/articles/indias-%24245-bln-it-sector-swallows-tougher-terms-amid-scramble-for-contracts | nan | nan | By Sai Ishwarbharath B
BENGALURU, Dec 19 - India's information technology firms are accepting tougher contract terms to win large deals from clients as they compete for fewer orders in an uncertain global economy, industry insiders and analysts say.
The $245-billion sector, which gained immensely from the pandemic-induced boom in digital services, has struggled in recent quarters as clients slashed spending on discretionary projects amid inflationary pressures and recession fears.
That is forcing companies including Tata Consultancy Services TCS.NS, Infosys INFY.NS and HCLTech HCLT.NS to accept contract conditions such as guaranteeing minimum cost savings, billing the client only if certain goals are achieved and reviewing cost overruns.
"Whenever economic challenges appear and demand recedes, it becomes a buyer's market. The clients try to push more clauses including capping the pricing and asking for outcome-based deals," said former Infosys CFO V Balakrishnan.
"It was witnessed during 2008 when the global financial crisis happened, and in 2001 during the dot-com crash," he said.
Tata Consultancy Services and Infosys did not respond to Reuters' requests seeking comment. HCLTech declined to comment on specific deal terms.
More than 80% of more than 1,600 IT and business process management deals tracked in 2023 had some form of committed-savings clause, versus around 65% in 2019, data from IT research firm Everest Group showed.
Such cost-saving clauses are either baked into the pricing, or companies risk a cut in fees if the savings are not achieved, Everest Group CEO Peter Bendor-Samuel said.
Contracts with such clauses that were signed this year include HCLTech's $2.1 billion deal with Verizon and a $454 million deal between Infosys and Danske Bank, a person familiar with the deal terms said.
Under the Danske Bank deal, which runs for five years, Infosys will digitise the lender's operations and take over its delivery centre in India, while the Verizon deal, which runs for six years, will see HCLTech become the U.S. firm's primary tech partner for network deployments, according to exchange filings.
TOUGH TIMES
The tougher contracts are likely to add pressure on an industry that is already struggling. India's second-biggest software-services exporter by sales Infosys has already predicted its slowest annual sales expansion in at least a decade for the current financial year ending March 2024.
The big IT firms classify contracts worth $100 million or above as large deals and those above $500 million as mega deals, which are typically struck when demand is low.
TCS, Infosys and HCLTech have won seven mega deals since May, company disclosures show, while Wipro WIPR.NS did not win any mega deals. Its Chief Growth Officer Stephanie Trautman, who was leading the large deals team, resigned earlier this month.
The tougher terms tied to the large IT deals are an attempt by clients to hedge against the global economic uncertainty, deal advisors said.
"Clients are increasingly seeking predictable business outcomes and assurances to protect their interests in large deals that often span five years or more," said Avinash Baliga, partner at deal advisor Avasant.
The inclusion of committed-cost-savings clauses in deal agreements has climbed to 50-60% presently versus 20% in the last decade, Baliga added.
The clauses also reflect a rise in client maturity.
"Customers have become much more aware of the possibilities and scenarios that could play out during a deal tenure," said Ashutosh Sharma, vice-president and research director at Forrester India. "Now, clients are asking IT players too to share risks and rewards."
Mega deals signed by top 3 Indian IT firms https://tmsnrt.rs/3v3JCqq
(Reporting by Sai Ishwarbharath B; Editing by Dhanya Skariachan and Miral Fahmy)
((saiishwarbharath.b@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Sai Ishwarbharath B BENGALURU, Dec 19 - India's information technology firms are accepting tougher contract terms to win large deals from clients as they compete for fewer orders in an uncertain global economy, industry insiders and analysts say. The $245-billion sector, which gained immensely from the pandemic-induced boom in digital services, has struggled in recent quarters as clients slashed spending on discretionary projects amid inflationary pressures and recession fears. More than 80% of more than 1,600 IT and business process management deals tracked in 2023 had some form of committed-savings clause, versus around 65% in 2019, data from IT research firm Everest Group showed. | By Sai Ishwarbharath B BENGALURU, Dec 19 - India's information technology firms are accepting tougher contract terms to win large deals from clients as they compete for fewer orders in an uncertain global economy, industry insiders and analysts say. That is forcing companies including Tata Consultancy Services TCS.NS, Infosys INFY.NS and HCLTech HCLT.NS to accept contract conditions such as guaranteeing minimum cost savings, billing the client only if certain goals are achieved and reviewing cost overruns. Contracts with such clauses that were signed this year include HCLTech's $2.1 billion deal with Verizon and a $454 million deal between Infosys and Danske Bank, a person familiar with the deal terms said. | Contracts with such clauses that were signed this year include HCLTech's $2.1 billion deal with Verizon and a $454 million deal between Infosys and Danske Bank, a person familiar with the deal terms said. Under the Danske Bank deal, which runs for five years, Infosys will digitise the lender's operations and take over its delivery centre in India, while the Verizon deal, which runs for six years, will see HCLTech become the U.S. firm's primary tech partner for network deployments, according to exchange filings. The tougher terms tied to the large IT deals are an attempt by clients to hedge against the global economic uncertainty, deal advisors said. | Such cost-saving clauses are either baked into the pricing, or companies risk a cut in fees if the savings are not achieved, Everest Group CEO Peter Bendor-Samuel said. Contracts with such clauses that were signed this year include HCLTech's $2.1 billion deal with Verizon and a $454 million deal between Infosys and Danske Bank, a person familiar with the deal terms said. The tougher terms tied to the large IT deals are an attempt by clients to hedge against the global economic uncertainty, deal advisors said. | f7be1484-df67-4431-ad11-e868683ae02a |
711029.0 | 2023-12-16 00:00:00 UTC | Best Growth Stocks to Buy for December 19th | DCOMP | https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-december-19th-0 | nan | nan | Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, December 19:
Arcos Dorados Holdings Inc. ARCO: This franchisee of McDonald’s restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.
Arcos Dorados Holdings Inc. Price and Consensus
Arcos Dorados Holdings Inc. price-consensus-chart | Arcos Dorados Holdings Inc. Quote
Arcos has a PEG ratio of 1.17 compared with 2.49 for the industry. The company possesses a Growth Score of A.
Arcos Dorados Holdings Inc. PEG Ratio (TTM)
Arcos Dorados Holdings Inc. peg-ratio-ttm | Arcos Dorados Holdings Inc. Quote
Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products carries a Zacks Rank #1, and has 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 has a PEG ratio of 1.23 compared with 1.82 for the industry. The company possesses a Growth Score of A.
Beacon Roofing Supply, Inc. PEG Ratio (TTM)
Beacon Roofing Supply, Inc. peg-ratio-ttm | Beacon Roofing Supply, Inc. Quote
8x8, Inc. EGHT: This provider of cloud-based, enterprise-class software solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.
8x8 Inc Price and Consensus
8x8 Inc price-consensus-chart | 8x8 Inc Quote
8x8 has a PEG ratio of 0.30 comparedwith 0.48 for the industry. The company possesses a Growth Score of A.
8x8 Inc PEG Ratio (TTM)
8x8 Inc peg-ratio-ttm | 8x8 Inc Quote
See the full list of top ranked stocks here.
Learn more about the Growth 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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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 ranks and strong growth characteristics for investors to consider today, December 19: Arcos Dorados Holdings Inc. ARCO: This franchisee of McDonald’s restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% 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." | The company possesses a Growth Score of A. Arcos Dorados Holdings Inc. PEG Ratio (TTM) Arcos Dorados Holdings Inc. peg-ratio-ttm | Arcos Dorados Holdings Inc. Quote Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days. The company possesses a Growth Score of A. Beacon Roofing Supply, Inc. PEG Ratio (TTM) Beacon Roofing Supply, Inc. peg-ratio-ttm | Beacon Roofing Supply, Inc. Quote 8x8, Inc. EGHT: This provider of cloud-based, enterprise-class software solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report 8x8 Inc (EGHT) : Free Stock Analysis Report To read this article on Zacks.com click here. | The company possesses a Growth Score of A. Arcos Dorados Holdings Inc. PEG Ratio (TTM) Arcos Dorados Holdings Inc. peg-ratio-ttm | Arcos Dorados Holdings Inc. Quote Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days. The company possesses a Growth Score of A. Beacon Roofing Supply, Inc. PEG Ratio (TTM) Beacon Roofing Supply, Inc. peg-ratio-ttm | Beacon Roofing Supply, Inc. Quote 8x8, Inc. EGHT: This provider of cloud-based, enterprise-class software solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. Click to get this free report Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report Arcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report 8x8 Inc (EGHT) : Free Stock Analysis Report To read this article on Zacks.com click here. | The company possesses a Growth Score of A. Arcos Dorados Holdings Inc. PEG Ratio (TTM) Arcos Dorados Holdings Inc. peg-ratio-ttm | Arcos Dorados Holdings Inc. Quote Beacon Roofing Supply, Inc. BECN: This company which distributes residential and non-residential roofing materials, and complementary building products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.2% over the last 60 days. The company possesses a Growth Score of A. Beacon Roofing Supply, Inc. PEG Ratio (TTM) Beacon Roofing Supply, Inc. peg-ratio-ttm | Beacon Roofing Supply, Inc. Quote 8x8, Inc. EGHT: This provider of cloud-based, enterprise-class software solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? | 8f78024f-df8e-48a5-8999-a1f15c1d4031 |
711030.0 | 2023-12-16 00:00:00 UTC | 3 Best Stocks to Buy Now, 12/19/2023, According to Top Analysts | DCOMP | https://www.nasdaq.com/articles/3-best-stocks-to-buy-now-12-19-2023-according-to-top-analysts | nan | nan | Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well.
To find more stocks like these, take a look at TipRanks’ Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts.
Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
DocGo (NASDAQ:DCGO) – This is a healthcare distribution company. Yesterday, Stifel Nicolaus Analyst David Grossman reiterated a Buy rating on the stock with a price target of $12. Interestingly, all four Top Analysts who rated the stock gave it a Buy. Collectively, their 12-month price targets imply an upside of nearly 154%.
Mirum Pharmaceuticals (NASDAQ:MIRM) – Mirum Pharmaceuticals is a clinical-stage biopharmaceutical company that develops therapies for severe liver diseases. Yesterday, H.C. Wainwright Analyst Ed Arce reiterated a Buy rating on the stock with a price target of $58. In the last three months, all five Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 95%.
Viridian Therapeutics (NASDAQ:VRDN) – This biopharmaceutical company specializes in the development of potential best-in-class medications for patients dealing with severe and rare diseases. Yesterday, LifeSci Capital Analyst Rami Katkhuda reiterated a Buy rating on the stock with a price target of $50. Interestingly, all eight Top Analysts who rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 94%.
Who are the Top Analysts?
TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time.
See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Yesterday, Stifel Nicolaus Analyst David Grossman reiterated a Buy rating on the stock with a price target of $12. Viridian Therapeutics (NASDAQ:VRDN) – This biopharmaceutical company specializes in the development of potential best-in-class medications for patients dealing with severe and rare diseases. Yesterday, LifeSci Capital Analyst Rami Katkhuda reiterated a Buy rating on the stock with a price target of $50. | According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Mirum Pharmaceuticals (NASDAQ:MIRM) – Mirum Pharmaceuticals is a clinical-stage biopharmaceutical company that develops therapies for severe liver diseases. See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page. | Yesterday, Stifel Nicolaus Analyst David Grossman reiterated a Buy rating on the stock with a price target of $12. Yesterday, H.C. Wainwright Analyst Ed Arce reiterated a Buy rating on the stock with a price target of $58. See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page. | Interestingly, all four Top Analysts who rated the stock gave it a Buy. Interestingly, all eight Top Analysts who rated the stock gave it a Buy. Who are the Top Analysts? | 1bace903-30f7-4281-b2bb-0f895e397dab |
711031.0 | 2023-12-16 00:00:00 UTC | Shippers mask positions, weigh options amid Red Sea attacks | DCOMP | https://www.nasdaq.com/articles/shippers-mask-positions-weigh-options-amid-red-sea-attacks | nan | nan | By Florence Tan and Lisa Barrington
Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.
Attacks on ships in the major Red Sea shipping route have raised the spectre of another bout of disruption to international commerce following the upheaval of the COVID pandemic, and prompted a U.S.-led international force to patrol waters near Yemen.
The Red Sea is linked to the Mediterranean by the Suez Canal, which creates the shortest shipping route between Europe and Asia. About 12% of world shipping traffic transits the canal.
Major shippers including Hapag Lloyd HLAG.DE, MSC and Maersk MAERSKb.CO, oil major BP BP.L and oil tanker group Frontline FRO.OL have said they will be avoiding the Red Sea route and re-routing via southern Africa's Cape of Good Hope.
But many ships are still plying the waterway. Several ships underway have armed guards on board, LSEG data showed.
At least 11 container ships which had passed through Suez and were approaching Yemen carrying consumer goods and grains bound for countries including Singapore, Malaysia and the United Arab Emirates, are now anchored in the Red Sea between Sudan and Saudi Arabia, LSEG shiptracking data showed.
Four MSC container ships in the Red Sea have had their transponders turned off since Dec. 17, the data showed, likely to avoid detection.
Three liquefied natural gas (LNG) vessels have also adjusted their routes to avoid passing by Yemen, according to shiptracking data by Kpler and LSEG Eikon.
Vessels are attempting to mask their positions by pinging on other locations, as a safety precaution when entering the Yemen coastline, said Ioannis Papadimitriou, senior freight analyst at Vortexa.
"Most ships will be turning off their AIS (transponders) at some point in those waters," one shipping industry source said.
Analysis from maritime AI company Windward showed the number of incidents involving cargo vessels going dark within waters around Saudi Arabia’s exclusive economic zone in the Red Sea rose to 81 in November from 74 in October, after averaging 42 incidents between October 2022 to September 2023.
A Dec. 15 advisory issued by leading shipping associations said ships that switched AIS on and off had been attacked.
"Switching off AIS makes it marginally more difficult to track a ship, but may also hinder the ability of the military to provide support or direct contact," the advisory said.
PAUSED SAILINGS
Denmark's Maersk on Friday paused all container shipments through the Red Sea following a "near-miss incident" involving its vessel Maersk Gibraltar. A number of the ships at anchor in the Red Sea are Maersk vessels, LSEG data showed.
On Tuesday it said vessels previously paused and due to sail through the southern Red Sea and the Gulf of Aden would be rerouted around Africa.
The Iran-backed Houthis, who say they are supporting Palestinians under siege by Israel in the Gaza Strip, have waded into the Israel-Hamas conflict by attacking vessels in vital shipping lanes and even firing drones and missiles at Israel, more than 1,000 miles from the Yemeni capital Sanaa.
Houthis attacked two commercial shipping vessels in the southern Red Sea on Monday.(LINK)
Industry sources say the impact on global trade will depend on how long the crisis persists, but insurance premiums and longer routes would be immediate burdens.
Vortexa's Papadimitriou on Tuesday said the price of a Suezmax to carry crude from the Middle East to Europe has risen 25% in a week.
The disruption to energy flows in the Red Sea is unlikely to have large effects on crude and liquefied natural gas (LNG) prices, Goldman Sachs said on Monday, as vessels can be redirected.
"We do estimate that a hypothetical prolonged redirection of all 7 million barrels per day of gross (Northbound and Southbound) oil flows would raise spot crude prices relative to long-dated prices by $3-4/per barrel," the investment bank said.
An Asian buyer of naphtha, a petrochemical feedstock imported from Europe, said their vessels were still using the Red Sea route as it would take another 7-14 days to re-route via the Cape of Good Hope.
Some oil tanker owners are inserting a new clause to include a Cape of Good Hope option into their shipping contracts as a precautionary measure, shipbrokers said.
A person familiar with Alibaba's Cainiao logistics arm said they may see slightly longer delivery times and shipping fees, but overall the re-routing would have little impact on business.
Vessels re-routing https://tmsnrt.rs/3NVTcCz
Vessels re-routing https://tmsnrt.rs/3ROUT75
(Reporting by Florence Tan, Trixie Yap and Naveen Thukral in Singapore, Yousef Saba in Dubai, Casey Hall in Shanghai and Jonathan Saul in London; Writing by Lisa Barrington in Seoul; Editing by Michael Perry, Louise Heavens and Ed Osmond)
((lisa.barrington@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. | At least 11 container ships which had passed through Suez and were approaching Yemen carrying consumer goods and grains bound for countries including Singapore, Malaysia and the United Arab Emirates, are now anchored in the Red Sea between Sudan and Saudi Arabia, LSEG shiptracking data showed. The disruption to energy flows in the Red Sea is unlikely to have large effects on crude and liquefied natural gas (LNG) prices, Goldman Sachs said on Monday, as vessels can be redirected. Vessels re-routing https://tmsnrt.rs/3NVTcCz Vessels re-routing https://tmsnrt.rs/3ROUT75 (Reporting by Florence Tan, Trixie Yap and Naveen Thukral in Singapore, Yousef Saba in Dubai, Casey Hall in Shanghai and Jonathan Saul in London; Writing by Lisa Barrington in Seoul; Editing by Michael Perry, Louise Heavens and Ed Osmond) ((lisa.barrington@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Florence Tan and Lisa Barrington Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route. Major shippers including Hapag Lloyd HLAG.DE, MSC and Maersk MAERSKb.CO, oil major BP BP.L and oil tanker group Frontline FRO.OL have said they will be avoiding the Red Sea route and re-routing via southern Africa's Cape of Good Hope. Three liquefied natural gas (LNG) vessels have also adjusted their routes to avoid passing by Yemen, according to shiptracking data by Kpler and LSEG Eikon. | By Florence Tan and Lisa Barrington Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route. Attacks on ships in the major Red Sea shipping route have raised the spectre of another bout of disruption to international commerce following the upheaval of the COVID pandemic, and prompted a U.S.-led international force to patrol waters near Yemen. At least 11 container ships which had passed through Suez and were approaching Yemen carrying consumer goods and grains bound for countries including Singapore, Malaysia and the United Arab Emirates, are now anchored in the Red Sea between Sudan and Saudi Arabia, LSEG shiptracking data showed. | Major shippers including Hapag Lloyd HLAG.DE, MSC and Maersk MAERSKb.CO, oil major BP BP.L and oil tanker group Frontline FRO.OL have said they will be avoiding the Red Sea route and re-routing via southern Africa's Cape of Good Hope. Four MSC container ships in the Red Sea have had their transponders turned off since Dec. 17, the data showed, likely to avoid detection. A number of the ships at anchor in the Red Sea are Maersk vessels, LSEG data showed. | 3341ce9f-d41c-4542-bcf5-b03a43c52fbc |
711032.0 | 2023-12-16 00:00:00 UTC | Safaricom's Ethiopia struggle deters potential telecoms investors | DCOMP | https://www.nasdaq.com/articles/safaricoms-ethiopia-struggle-deters-potential-telecoms-investors | nan | nan | By Aaron Ross and Dawit Endeshaw
ADDIS ABABA, Dec 19 (Reuters) - Foreign investor interest in Ethiopia's telecoms sector is cooling, sector experts and those with knowledge of the licencing process say, pointing to a bumpy first two years operating in the country for Safaricom, the only company so far granted a licence to compete with state-owned Ethio Telecom.
Telecoms were once seen as the big prize of a drive to liberalise the economy of Ethiopia, Africa's second most populous country with around 120 million people, launched after Prime Minister Abiy Ahmed took power in 2018.
But legislative changes, recurring security problems and concern about the government's commitment to opening up a tightly-controlled economy to true competition are deterring possible investors.
When Ethiopia solicited bids in 2020 for the country's first private telecoms licences it touted duty-free capital goods imports and temporary income tax exemptions as incentives for new telecoms investors, according to portions of the Request for Proposals seen by Reuters.
Two years later - and one year after Kenya's Safaricom SCOM.NR won the first licence - investment regulations enacted by the government did not include telecoms on the list of investment areas entitled to these fiscal incentives.
Safaricom declined to comment on the regulatory changes, whose implications for telecoms companies have not been previously reported. The finance ministry and a spokesperson for Prime Minister Abiy did not respond to written questions about Safaricom's challenges and the incentives.
Russell Southwood, the CEO of Balancing Act telecoms consultancy and author of Africa 2.0, a book about mobile and internet technology on the continent, said telecoms investors doubted the government's commitment to true competition.
"You can never be quite clear what it is the Ethiopian government is doing," he said. "It's liberalising one minute and then the next minute it's taking everything back."
Last month, regulators said they had suspended the process to issue a third telecommunications licence after potential investors said the conditions on offer needed to be improved.
France's Orange ORAN.PA told Reuters then it had withdrawn from the process to buy an up to 45% stake in Ethio Telecom, because "the conditions do not allow for the rapid deployment of our strategy".
Safaricom said in response to written questions that it had "learned fast" during its first two years in Ethiopia and there had been "an enthusiastic uptake" of its products and services.
Safaricom said last month it had signed up 7 million users, including 4.1 million active customers over the past three months after launching its network in October 2022, and had 1.2 million customers for its mobile money service M-Pesa, launched in August.
The company, owned by the Kenyan government, South Africa's Vodacom VODJ.J and Britain's Vodafone VOD.L, did not comment on specific challenges it faced.
It expects earnings in Ethiopia to break even in the 2026 fiscal year. Early losses in Ethiopia have dragged down the company's overall earnings but analysts say the performance is broadly in line with expectations.
Ethio Telecom's profit more than doubled in its latest financial year and it has more than 72 million subscribers.
Eyob Tekalign, a senior Ethiopian finance ministry official, attributed delays in awarding the third telecoms licence to difficult economic conditions globally and in Ethiopia.
The country is dealing with inflation of 30% and is on the brink of a debt default after missing a coupon payment on a $1 billion international bond.
If investors choose to come at "a different time frame, I think we're fine with it," Eyob said.
NEED FOR CAPITAL
Mehrteab Leul, the managing partner of a law firm in the capital Addis Ababa that advises foreign investors, said the setbacks were temporary and investors would remain interested.
But with foreign exchange shortages crippling many businesses, Ethiopia needs fresh injections of capital, said Patrick Heinisch, emerging markets economist at Helaba Bank.
The telecoms sector had initially attracted interest from a range of major operators - including Etisalat 7020.SE, MTN MTNJ.J, Saudi Telecom 7010.SE and Telkom SA TKGJ.J.
Enthusiasm had, however, cooled by the time bids came due in April 2021 for the first two licences, largely due to concerns about the November 2020 outbreak of civil war in the northern Tigray region.
The war ended last year, although separate fighting has continued elsewhere in the country.
Only South Africa's MTN and a consortium led by Safaricom tabled bids in 2021. The latter's $850 million bid was accepted, while MTN's offer of $600 million was rejected as too low.
One major struggle for Safaricom has been getting equipment through customs, according to a Western diplomat and an industry insider, who both spoke on condition of anonymity.
Import duties can only be waived by the finance ministry on a case-by-case basis, which has led to repeated delays, said the industry insider. Safaricom did not respond to a request for comment on this point.
The person, who has knowledge of the telecoms licencing process, said this was one of several examples of the government favouring Ethio Telecom at Safaricom's expense, including encouraging state-owned utilities to favour Ethio Telecom's payments system. Eyob denied any such practices.
"These issues, which promote anti-competitive practices, have made other potential bidders for the third telecoms licence lose interest," the person said.
(Reporting by Aaron Ross and Dawit Endeshaw; Additional reporting by Nqobile Dludla in Johannesburg and Hadeel Al Sayegh in Dubai; Editing by Alexandra Hudson)
((Aaron.Ross@thomsonreuters.com; +221 77 569 1702;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Telecoms were once seen as the big prize of a drive to liberalise the economy of Ethiopia, Africa's second most populous country with around 120 million people, launched after Prime Minister Abiy Ahmed took power in 2018. Eyob Tekalign, a senior Ethiopian finance ministry official, attributed delays in awarding the third telecoms licence to difficult economic conditions globally and in Ethiopia. But with foreign exchange shortages crippling many businesses, Ethiopia needs fresh injections of capital, said Patrick Heinisch, emerging markets economist at Helaba Bank. | By Aaron Ross and Dawit Endeshaw ADDIS ABABA, Dec 19 (Reuters) - Foreign investor interest in Ethiopia's telecoms sector is cooling, sector experts and those with knowledge of the licencing process say, pointing to a bumpy first two years operating in the country for Safaricom, the only company so far granted a licence to compete with state-owned Ethio Telecom. The finance ministry and a spokesperson for Prime Minister Abiy did not respond to written questions about Safaricom's challenges and the incentives. The person, who has knowledge of the telecoms licencing process, said this was one of several examples of the government favouring Ethio Telecom at Safaricom's expense, including encouraging state-owned utilities to favour Ethio Telecom's payments system. | By Aaron Ross and Dawit Endeshaw ADDIS ABABA, Dec 19 (Reuters) - Foreign investor interest in Ethiopia's telecoms sector is cooling, sector experts and those with knowledge of the licencing process say, pointing to a bumpy first two years operating in the country for Safaricom, the only company so far granted a licence to compete with state-owned Ethio Telecom. When Ethiopia solicited bids in 2020 for the country's first private telecoms licences it touted duty-free capital goods imports and temporary income tax exemptions as incentives for new telecoms investors, according to portions of the Request for Proposals seen by Reuters. The person, who has knowledge of the telecoms licencing process, said this was one of several examples of the government favouring Ethio Telecom at Safaricom's expense, including encouraging state-owned utilities to favour Ethio Telecom's payments system. | By Aaron Ross and Dawit Endeshaw ADDIS ABABA, Dec 19 (Reuters) - Foreign investor interest in Ethiopia's telecoms sector is cooling, sector experts and those with knowledge of the licencing process say, pointing to a bumpy first two years operating in the country for Safaricom, the only company so far granted a licence to compete with state-owned Ethio Telecom. The finance ministry and a spokesperson for Prime Minister Abiy did not respond to written questions about Safaricom's challenges and the incentives. Safaricom said last month it had signed up 7 million users, including 4.1 million active customers over the past three months after launching its network in October 2022, and had 1.2 million customers for its mobile money service M-Pesa, launched in August. | 01bf170b-922e-4c59-b4d1-412211d0be9c |
711033.0 | 2023-12-16 00:00:00 UTC | Australian shares rise on RBA minutes, commodity boost | DCOMP | https://www.nasdaq.com/articles/australian-shares-rise-on-rba-minutes-commodity-boost | nan | nan | By Roshan Thomas
Dec 19 (Reuters) - Australian shares settled higher on Tuesday, driven by gains in commodity stocks, as investor appetite for risk improved after the country's central bank noted signs of easing inflation.
The benchmark S&P/ASX 200 .AXJO rose 0.8% to 7,489.1, its highest close since Feb. 9, also tracking a Wall Street rally as traders awaited a slew of U.S. data, including the November core personal consumption expenditure index report on Friday.
Minutes of the Reserve Bank of Australia's December policy meeting showed that the central bank considered raising interest rates for a second consecutive month, but decided there were enough encouraging signs on inflation to pause for more data.
U.S. stocks gained ground overnight as investors parsed mounting expectations of Fed rate cuts in the coming year. .N
In Sydney, miners .AXMM gained 0.6% on improving iron ore prices. BHP Group BHP.AX, Rio Tinto RIO.AX and Fortescue FMG.AX rose between 0.6% and 1.1%. IRONORE/
"Sellers are gone and with bid activity continuing, it is a positive environment," said Henry Jennings, a senior market analyst at Marcus Today.
"We may see a resources rally continue. Lithium and oil are my two sectors to rebound in 2024," Henry predicted for the first quarter of 2024.
Energy stocks .AXEJ rose 1%, as oil prices extended gains with Red Sea attacks disrupting global supply chains. Woodside WDS.AX was up 1.7%, while Santos STO.AX closed flat. O/R
Gold stocks .AXGD climbed 0.7%, with Northern Star Resources NST.AX up 1.4%. Technology stocks closed 1.1% higher, with Block's Australian shares SQ2.AX and Xero XRO.AX up 0.3% and 1.6%, respectively.
Financials .AXFJ rose 0.8%, with National Australia Bank NAB.AX, Westpac WBC.AX and Commonwealth Bank of Australia CBA.AX up between 0.5% and 0.8%.
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 rose 0.5% to 11,617.37.
(Reporting by Roshan Thomas in Bengaluru; Editing by Subhranshu Sahu)
((Roshan.Thomas@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Roshan Thomas Dec 19 (Reuters) - Australian shares settled higher on Tuesday, driven by gains in commodity stocks, as investor appetite for risk improved after the country's central bank noted signs of easing inflation. The benchmark S&P/ASX 200 .AXJO rose 0.8% to 7,489.1, its highest close since Feb. 9, also tracking a Wall Street rally as traders awaited a slew of U.S. data, including the November core personal consumption expenditure index report on Friday. Energy stocks .AXEJ rose 1%, as oil prices extended gains with Red Sea attacks disrupting global supply chains. | By Roshan Thomas Dec 19 (Reuters) - Australian shares settled higher on Tuesday, driven by gains in commodity stocks, as investor appetite for risk improved after the country's central bank noted signs of easing inflation. Energy stocks .AXEJ rose 1%, as oil prices extended gains with Red Sea attacks disrupting global supply chains. Technology stocks closed 1.1% higher, with Block's Australian shares SQ2.AX and Xero XRO.AX up 0.3% and 1.6%, respectively. | By Roshan Thomas Dec 19 (Reuters) - Australian shares settled higher on Tuesday, driven by gains in commodity stocks, as investor appetite for risk improved after the country's central bank noted signs of easing inflation. The benchmark S&P/ASX 200 .AXJO rose 0.8% to 7,489.1, its highest close since Feb. 9, also tracking a Wall Street rally as traders awaited a slew of U.S. data, including the November core personal consumption expenditure index report on Friday. Energy stocks .AXEJ rose 1%, as oil prices extended gains with Red Sea attacks disrupting global supply chains. | Minutes of the Reserve Bank of Australia's December policy meeting showed that the central bank considered raising interest rates for a second consecutive month, but decided there were enough encouraging signs on inflation to pause for more data. "We may see a resources rally continue. Technology stocks closed 1.1% higher, with Block's Australian shares SQ2.AX and Xero XRO.AX up 0.3% and 1.6%, respectively. | 93d54fb6-612a-4f6c-b248-724806000a9f |
711034.0 | 2023-12-16 00:00:00 UTC | Nippon Steel confident hefty premium for U.S. Steel makes sense | DCOMP | https://www.nasdaq.com/articles/nippon-steel-confident-hefty-premium-for-u.s.-steel-makes-sense | nan | nan | By Yuka Obayashi and Mariko Katsumura
TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T said on Tuesday its $14.1 billion deal to buy U.S. Steel X.N would help it tap into a new growth market, as concerns over the huge premium the world's fourth largest steelmaker was paying sent its shares down as much as 6%.
Nippon Steel has been looking to expand overseas in recent years, as a shrinking population in Japan, where it generates nearly three-fifths of its revenue, is dimming the demand outlook for high-end steel used for autos and electronic goods.
"U.S. Steel is not a competitor to us in the U.S. market or elsewhere, so we can objectively say that it is a best match," he said.
U.S. Steel's net sales at home last year were $16.8 billion, well over double the revenue of about 957 billion yen ($6.7 billion) that Nippon Steel generated in North America last fiscal year.
Last year, Nippon Steel bought majority stakes in two electric arc furnace steelmakers in Thailand, and in 2019, together with ArcelorMittal, the Japanese firm bought India's Essar Steel.
"This deal will propel Nippon Steel into the top 3 global makers of steel," Japan analyst Mark Chadwick wrote on the Smartkarma research platform.
"In many ways, Nippon Steel is paying a huge premium. In simple terms, the offer values U.S. Steel at an EV (enterprise value) of $750/ton, far higher than Nippon Steel’s own EV of $560/ton."
Nippon Steel's shares fell 5.5% in early trade in Tokyo to the lowest level since July, but pared losses to trade down 2.6%.
It is paying the equivalent of 7.3 times U.S. Steel's 12-month earnings before interest, taxes, depreciation and amortisation (EBITDA), according to LSEG data.
The automotive and transportation sector represented almost a quarter of steel shipments out of U.S. Steel's North American facilities in 2022, according to the company's annual report.
U.S. Steel also provides steel for renewable energy infrastructure such as wind turbines and so stands to benefit from the U.S. Inflation Reduction Act (IRA), which provides tax credits and other incentives for such projects.
U.S. Steel shares ended trading up 26% at $49.59 on Monday following the deal announcement.
(Reporting by Mariko Katsumura and Yuka Obayashi; Writing by Miyoung Kim; Editing by Sonali Paul)
((yuka.obayashi@thomsonreuters.com; +813-4520-1265))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Yuka Obayashi and Mariko Katsumura TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T said on Tuesday its $14.1 billion deal to buy U.S. Steel X.N would help it tap into a new growth market, as concerns over the huge premium the world's fourth largest steelmaker was paying sent its shares down as much as 6%. It is paying the equivalent of 7.3 times U.S. Steel's 12-month earnings before interest, taxes, depreciation and amortisation (EBITDA), according to LSEG data. (Reporting by Mariko Katsumura and Yuka Obayashi; Writing by Miyoung Kim; Editing by Sonali Paul) ((yuka.obayashi@thomsonreuters.com; +813-4520-1265)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Yuka Obayashi and Mariko Katsumura TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T said on Tuesday its $14.1 billion deal to buy U.S. Steel X.N would help it tap into a new growth market, as concerns over the huge premium the world's fourth largest steelmaker was paying sent its shares down as much as 6%. U.S. Steel's net sales at home last year were $16.8 billion, well over double the revenue of about 957 billion yen ($6.7 billion) that Nippon Steel generated in North America last fiscal year. Last year, Nippon Steel bought majority stakes in two electric arc furnace steelmakers in Thailand, and in 2019, together with ArcelorMittal, the Japanese firm bought India's Essar Steel. | By Yuka Obayashi and Mariko Katsumura TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T said on Tuesday its $14.1 billion deal to buy U.S. Steel X.N would help it tap into a new growth market, as concerns over the huge premium the world's fourth largest steelmaker was paying sent its shares down as much as 6%. Nippon Steel has been looking to expand overseas in recent years, as a shrinking population in Japan, where it generates nearly three-fifths of its revenue, is dimming the demand outlook for high-end steel used for autos and electronic goods. U.S. Steel's net sales at home last year were $16.8 billion, well over double the revenue of about 957 billion yen ($6.7 billion) that Nippon Steel generated in North America last fiscal year. | By Yuka Obayashi and Mariko Katsumura TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T said on Tuesday its $14.1 billion deal to buy U.S. Steel X.N would help it tap into a new growth market, as concerns over the huge premium the world's fourth largest steelmaker was paying sent its shares down as much as 6%. "U.S. Steel is not a competitor to us in the U.S. market or elsewhere, so we can objectively say that it is a best match," he said. U.S. Steel's net sales at home last year were $16.8 billion, well over double the revenue of about 957 billion yen ($6.7 billion) that Nippon Steel generated in North America last fiscal year. | f52afdb1-59fa-49b7-a94a-a8c0d6379ee4 |
711035.0 | 2023-12-16 00:00:00 UTC | Ulta Beauty Stock (NASDAQ:ULTA) to Gain from Beauty Trends, Stabilized Economy | DCOMP | https://www.nasdaq.com/articles/ulta-beauty-stock-nasdaq%3Aulta-to-gain-from-beauty-trends-stabilized-economy | nan | nan | Just based purely on its year-to-date performance, cosmetics and personal care specialist Ulta Beauty (NASDAQ:ULTA) doesn’t seem particularly convincing. After a choppy 52-week period, the company has underperformed the S&P 500 Index (SPX). However, relevance to ever-evolving beauty trends and a possibly stabilized economy should help regain momentum convincingly. I am bullish on ULTA stock as it looks to bounce back on more favorable conditions.
Broader Stabilization Should Help ULTA Stock
Recently, Wall Street has focused intently on the Federal Reserve, with the central bank hinting at three possible rate cuts next year. Naturally, the discussion centered on high-level topics, such as the implications for the labor market and residential real estate. Nevertheless, the Fed’s decision should also impact the consumer discretionary space and, thus, ULTA stock.
Fundamentally, the biggest implication of the possible upcoming pivot in monetary policy is encouraging disinflation data. For roughly the past two years, the Fed grappled with skyrocketing inflation, which inherently crimped consumer sentiment due to rising prices. By logical deduction, lower rates induce increased money velocity (all other things being equal), which is inflationary. So, the Fed must have justification to even consider lowering borrowing costs.
Again, that justification may stem from favorable disinflation data, which may have been reflected in Ulta’s most recent earnings report. As TipRanks contributor Aditya Raghunath stated, Ulta increased its revenue by 6.4% on a year-over-year basis to $2.5 billion. Further, same-store sales popped up 4.5% from one year prior.
In fairness, the company suffered from a challenging macroeconomic environment, along with stubbornly elevated inflation levels (compared to historical norms). As a result, both gross and operating margins took a hit relative to the year-ago quarter.
Nevertheless, the encouraging aspect is that Ulta continues to beat analysts’ expectations. As well, the damage inflicted on the business due to macro headwinds has been mitigated. In other words, assuming the economy stabilizes – which is what the Fed appears to be targeting with its interest rate modulation discussion – ULTA stock would be playing ball on at least more favorable grounds.
Aligning with Dynamic Beauty Trends Could Boost the Business
For those unaccustomed to fashion and beauty trends, it’s a daunting arena to decipher. Mainly, the challenge centers on the dynamism of shifting trends. For example, last year, many looks catered to the glam or shiny look-at-me approach. Looking forward to next year, industry experts suggest that minimalism may be the “in” look.
That’s a lot to take in because companies in the field must constantly account for the underlying dynamism. However, that’s where ULTA stock could shine. For one thing, the underlying enterprise offers a wide range of products, catering to various budgets and preferences. Therefore, Ulta can tap into multiple trends on a dime.
Just as well, the company offers a robust omnichannel experience. That’s important because online transactions are making a comeback. Following the dramatic spike in broader e-commerce stats during the initial wave of COVID-19, online sales as a component of total retail transactions faded. However, since Q2 2022, online retail sales as a percentage of total sales have been increasing. Thus, a strong omnichannel presence is a must, which is a key advantage for ULTA stock.
Perhaps most importantly, Ulta’s brick-and-mortar locations feature beauty advisors and hair salons. By incorporating evolving beauty trends and fine-tuning them to perfectly fit each individual customer, Ulta enjoys a comprehensive advantage.
Indeed, ample marketing research shows that Generation Z consumers prefer a personalized retail approach. Ulta can give the emerging consumer demographic exactly what it wants, thus benefiting ULTA stock.
Don’t Overlook the Long-Term Financial Resilience
Now, one thing that should not be ignored is the framing of Ulta’s margins. Yes, as pointed out earlier, the company incurred a year-over-year decline in gross and operating margins. That’s never a positive development, of course, but context matters. As a discretionary retail play against historic economic challenges, you have to expect some profitability erosion.
Further, Ulta’s current gross margin of 39.86% isn’t terrible compared to historical norms. On a trailing-12-month (TTM) basis, this metric comes in at 39.09%. That’s pretty much in line with Fiscal Year 2022 and 2023’s results of 39.03% and 39.62%, respectively. Put another way, consumers are not dramatically shying away from the company’s products.
Subsequently, that’s a huge positive for ULTA stock, assuming that the economy stabilizes next year.
Is ULTA Stock a Buy, According to Analysts?
Turning to Wall Street, ULTA stock has a Moderate Buy consensus rating based on 15 Buys, four Holds, and one Sell rating. The average ULTA stock price target is $537.20, implying 10% upside potential.
The Takeaway: ULTA Stock is Surprisingly Well Positioned
Ulta Beauty's choppy year may have masked its potential. A stabilized economy and alignment with 2024's beauty trends (minimalism, diverse options) could boost ULTA stock. Additionally, the Fed's potential rate cuts, Ulta's strong omnichannel presence, and personalized customer service position it well for next year's consumer discretionary landscape. Personally, I wouldn’t overlook Ulta's resilient margins for a discretionary retailer facing historic challenges.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Broader Stabilization Should Help ULTA Stock Recently, Wall Street has focused intently on the Federal Reserve, with the central bank hinting at three possible rate cuts next year. In other words, assuming the economy stabilizes – which is what the Fed appears to be targeting with its interest rate modulation discussion – ULTA stock would be playing ball on at least more favorable grounds. Additionally, the Fed's potential rate cuts, Ulta's strong omnichannel presence, and personalized customer service position it well for next year's consumer discretionary landscape. | Broader Stabilization Should Help ULTA Stock Recently, Wall Street has focused intently on the Federal Reserve, with the central bank hinting at three possible rate cuts next year. A stabilized economy and alignment with 2024's beauty trends (minimalism, diverse options) could boost ULTA stock. Additionally, the Fed's potential rate cuts, Ulta's strong omnichannel presence, and personalized customer service position it well for next year's consumer discretionary landscape. | Ulta can give the emerging consumer demographic exactly what it wants, thus benefiting ULTA stock. The Takeaway: ULTA Stock is Surprisingly Well Positioned Ulta Beauty's choppy year may have masked its potential. Additionally, the Fed's potential rate cuts, Ulta's strong omnichannel presence, and personalized customer service position it well for next year's consumer discretionary landscape. | Mainly, the challenge centers on the dynamism of shifting trends. The Takeaway: ULTA Stock is Surprisingly Well Positioned Ulta Beauty's choppy year may have masked its potential. Personally, I wouldn’t overlook Ulta's resilient margins for a discretionary retailer facing historic challenges. | d3359f13-d6a1-4184-ad2d-4439f7f2f31f |
711036.0 | 2023-12-16 00:00:00 UTC | Disruptions in Red Sea unlikely to have large effects on oil, LNG - Goldman | DCOMP | https://www.nasdaq.com/articles/disruptions-in-red-sea-unlikely-to-have-large-effects-on-oil-lng-goldman | nan | nan | Dec 19 (Reuters) - The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected, Goldman Sachs said.
Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. O/R
Oil major BP BP.L temporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signaling that the crisis was broadening to include energy shipments.
"We do estimate that a hypothetical prolonged redirection of all 7 million barrels per day of gross (Northbound and Southbound) oil flows would raise spot crude prices relative to long-dated prices by $3-4/per barrel," the investment bank said in a note dated Monday.
(Reporting by Brijesh Patel in Bengaluru; Editing by Rashmi Aich)
((Brijesh.Patel1@thomsonreuters.com; Within U.S. +1 651 848 5832, Outside U.S. +91 9590227221; Reuters Messaging: Brijesh.Patel1.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Dec 19 (Reuters) - The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected, Goldman Sachs said. Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. "We do estimate that a hypothetical prolonged redirection of all 7 million barrels per day of gross (Northbound and Southbound) oil flows would raise spot crude prices relative to long-dated prices by $3-4/per barrel," the investment bank said in a note dated Monday. | Dec 19 (Reuters) - The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected, Goldman Sachs said. Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. "We do estimate that a hypothetical prolonged redirection of all 7 million barrels per day of gross (Northbound and Southbound) oil flows would raise spot crude prices relative to long-dated prices by $3-4/per barrel," the investment bank said in a note dated Monday. | Dec 19 (Reuters) - The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected, Goldman Sachs said. O/R Oil major BP BP.L temporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signaling that the crisis was broadening to include energy shipments. "We do estimate that a hypothetical prolonged redirection of all 7 million barrels per day of gross (Northbound and Southbound) oil flows would raise spot crude prices relative to long-dated prices by $3-4/per barrel," the investment bank said in a note dated Monday. | Dec 19 (Reuters) - The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected, Goldman Sachs said. Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. O/R Oil major BP BP.L temporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signaling that the crisis was broadening to include energy shipments. | 4aee8ada-c983-4705-b626-e79273d3e55a |
711037.0 | 2023-12-16 00:00:00 UTC | Oil prices mixed as Red Sea attacks disrupt supply chains | DCOMP | https://www.nasdaq.com/articles/oil-prices-mixed-as-red-sea-attacks-disrupt-supply-chains | nan | nan | By Stephanie Kelly and Andrew Hayley
Dec 19 (Reuters) - Oil prices were mixed on Tuesday, with the U.S. benchmark dipping while Brent extended gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.
Brent crude futures LCOc1 rose 10 cents, or 0.13%, to $78.05 a barrel at 0330 GMT. The front-month U.S. West Texas Intermediate crude futures contract CLc1, which expires on Tuesday, fell 7 cents to $72.40 a barrel. The more active second-month contract CLc2 was down 5 cents, or 0.07%, to $72.77.
Both benchmarks rose more than 1% on Monday on concerns about shippers diverting vessels away from the Red Sea.
"Despite price stabilization today, the potential risks caused by supply disruptions and the Middle East unrest could bring significant volatility to oil markets," said Tina Teng, an analyst at CMC Markets in Auckland.
"Oil markets may face further upside pressure if geopolitical tensions get escalated," she added.
Oil major BP BP.Ltemporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signs the crisis was broadening to include energy shipments.
About 15% of world shipping traffic transits via the Suez Canal, which connects the Red Sea to the Mediterranean Sea, offering the shortest shipping route between Europe and Asia.
The shipping attacks have prompted the United States and its allies to discuss a task force that would protect Red Sea routes, a move that U.S. and Israeli arch-foe Iran has warned would be a mistake.
In Iran, Oil Minister Javad Owji on Monday confirmed a nationwide disruption to petrol stations was caused by a cyberattack.
A hacking group that Iran accuses of having links to Israel claimed it carried out the attack that disrupted services at petrol stations across the country on Monday, Iranian state TV and Israeli local media reported.
Meanwhile, the United States will push shippers to disclose more information about their Russian oil dealings in a bid to enforce sanctions, U.S. officials said on Monday, while acknowledging that a big chunk of the trade has already escaped Western oversight after Russia built a parallel fleet.
(Reporting by Stephanie Kelly in New York and Andrew Hayley in Beijing; Editing by Sonali Paul and Jamie Freed)
((Stephanie.Kelly@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Stephanie Kelly and Andrew Hayley Dec 19 (Reuters) - Oil prices were mixed on Tuesday, with the U.S. benchmark dipping while Brent extended gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. A hacking group that Iran accuses of having links to Israel claimed it carried out the attack that disrupted services at petrol stations across the country on Monday, Iranian state TV and Israeli local media reported. Meanwhile, the United States will push shippers to disclose more information about their Russian oil dealings in a bid to enforce sanctions, U.S. officials said on Monday, while acknowledging that a big chunk of the trade has already escaped Western oversight after Russia built a parallel fleet. | By Stephanie Kelly and Andrew Hayley Dec 19 (Reuters) - Oil prices were mixed on Tuesday, with the U.S. benchmark dipping while Brent extended gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. Brent crude futures LCOc1 rose 10 cents, or 0.13%, to $78.05 a barrel at 0330 GMT. Oil major BP BP.Ltemporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signs the crisis was broadening to include energy shipments. | By Stephanie Kelly and Andrew Hayley Dec 19 (Reuters) - Oil prices were mixed on Tuesday, with the U.S. benchmark dipping while Brent extended gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. Oil major BP BP.Ltemporarily paused all transits through the Red Sea and oil tanker group Frontline FRO.OL said on Monday its vessels would avoid passage through the waterway, signs the crisis was broadening to include energy shipments. The shipping attacks have prompted the United States and its allies to discuss a task force that would protect Red Sea routes, a move that U.S. and Israeli arch-foe Iran has warned would be a mistake. | By Stephanie Kelly and Andrew Hayley Dec 19 (Reuters) - Oil prices were mixed on Tuesday, with the U.S. benchmark dipping while Brent extended gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels. Both benchmarks rose more than 1% on Monday on concerns about shippers diverting vessels away from the Red Sea. The shipping attacks have prompted the United States and its allies to discuss a task force that would protect Red Sea routes, a move that U.S. and Israeli arch-foe Iran has warned would be a mistake. | 23e429d7-cbc3-472d-b807-338c067f3d35 |
711038.0 | 2023-12-16 00:00:00 UTC | Gogoro, Uber Eats Taiwan Launch Green Delivery Program To Facilitate Switch To Electric Scooters | DCOMP | https://www.nasdaq.com/articles/gogoro-uber-eats-taiwan-launch-green-delivery-program-to-facilitate-switch-to-electric | nan | nan | (RTTNews) - Gogoro Inc. and Uber Eats Taiwan announced a Green Delivery Program, aiming to simplify and reduce costs for Uber Eats delivery partners transitioning to electric scooters. The two-year partnership is worth about US$30 million and is being funded by both companies.
Delivery partners will receive discounts on new Gogoro Smartscooters and battery swapping programs, and be given incentives for deliveries on Gogoro Smartscooters.
Through the program, Uber Eats expects EV deliveries in Taiwan to double from nearly 20% to 40% of all trips by the end of 2025.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Gogoro Inc. and Uber Eats Taiwan announced a Green Delivery Program, aiming to simplify and reduce costs for Uber Eats delivery partners transitioning to electric scooters. The two-year partnership is worth about US$30 million and is being funded by both companies. Through the program, Uber Eats expects EV deliveries in Taiwan to double from nearly 20% to 40% of all trips by the end of 2025. | (RTTNews) - Gogoro Inc. and Uber Eats Taiwan announced a Green Delivery Program, aiming to simplify and reduce costs for Uber Eats delivery partners transitioning to electric scooters. Delivery partners will receive discounts on new Gogoro Smartscooters and battery swapping programs, and be given incentives for deliveries on Gogoro Smartscooters. Through the program, Uber Eats expects EV deliveries in Taiwan to double from nearly 20% to 40% of all trips by the end of 2025. | (RTTNews) - Gogoro Inc. and Uber Eats Taiwan announced a Green Delivery Program, aiming to simplify and reduce costs for Uber Eats delivery partners transitioning to electric scooters. The two-year partnership is worth about US$30 million and is being funded by both companies. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Gogoro Inc. and Uber Eats Taiwan announced a Green Delivery Program, aiming to simplify and reduce costs for Uber Eats delivery partners transitioning to electric scooters. The two-year partnership is worth about US$30 million and is being funded by both companies. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 031cffed-c828-4fa7-a8d3-22d55333693b |
711039.0 | 2023-12-16 00:00:00 UTC | 3 Metaverse Stocks to Build Your Virtual Empire in 2024 | DCOMP | https://www.nasdaq.com/articles/3-metaverse-stocks-to-build-your-virtual-empire-in-2024 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The concept of a “metaverse” refers to a sophisticated, evolving virtual realm where users from the real world can engage dynamically with a digital environment alongside others. Investors are showing strong interest in metaverse stocks to buy in 2024, signaling potential growth. This increasing enthusiasm has significantly impacted the metaverse stock market with promising opportunities for substantial wealth.
The Metaverse market is experiencing extraordinary growth, projected to expand at a 36.8% annual growth rate through 2030, culminating in a whopping $507.8 billion. These figures underscore a significant investment opportunity. This expansion reflects a tangible shift in the technological landscape. Also, it underscores the need to identify and invest in stocks that will drive the next internet revolution.
Furthermore, the economy’s impressive performance has bolstered Metaverse stocks. An increase in disposable income is fueling investments in novel technologies and virtual experiences. These three Metaverse stocks are perfectly positioned to thrive in this new era and offer investors a chance to be part of this exciting digital transformation.
Roblox (RBLX)
Source: Miguel Lagoa / Shutterstock.com
Roblox (NYSE:RBLX) is making significant strides in the virtual space market, emerging as a frontrunner in the burgeoning metaverse. The platform offers a unique blend of user-generated 3D experiences, virtual assets, and exclusive activities.
Moreover, the company’s third-quarter earnings outperformed expectations. GAAP earnings per share of negative 45 cents exceeded forecasts by 6 cents. Impressively, bookings surged to a staggering $839.45 million, a 19.6% year-over-year (YOY) increase. These numbers reflect not only financial growth but also an expanding community. In fact, Daily Active Users (DAU) rose by 20% year over year (YOY).
Furthermore, the Roblox Partner Program marks a significant milestone in the evolution of digital advertising within the Roblox universe. This pioneering initiative welcomes a varied array of participants, ranging from skilled developers to leading global marketers. Additionally, Roblox recently enhanced its metaverse vision by introducing animated chats. The move aligns with its goal to enrich its virtual domain. And, this integration further solidifies Roblox’s commitment to evolving its digital environment.
Nvidia (NVDA)
Source: Evolf / Shutterstock.com
Nvidia (NASDAQ:NVDA) has successfully expanded beyond its well-known GPU manufacturing role.
Its diverse product lineup now includes essential semiconductors and chip systems. This is crucial for advancements in robotics, vehicles, and automation. Recently achieving a trillion-dollar market cap, it also provides the Nvidia Omniverse platform for creating accurate 3D scenes in diverse projects.
Nvidia’s fiscal strength is evident in its latest earnings report. The third quarter non-GAAP earnings per share soared to $4.02, outperforming estimates by 63 cents. Revenue skyrocketed to $18.12 billion, marking a 205.6% YOY increase and exceeding predictions by $2.01 billion. This financial surge underscores Nvidia’s solid market position and growth trajectory.
Moreover, the company is set to release its GH 200 AI chip in mid-2024, aligning with the high demand for AI chips. By enhancing supply chain efficiency and expanding capacity with partners, Nvidia strategically positions itself ahead of competitors like Intel and AMD in the generative AI silicon arena.
Qualcomm (QCOM)
Source: Katherine Welles / Shutterstock.com
Qualcomm (NASDAQ:QCOM), a prominent player in the semiconductor and software industry, recently showcased its financial robustness.
The company reported a revenue of $8.6 billion for the fourth quarter of 2023, surpassing analyst expectations by $150 million. This performance is bolstered by a remarkable 154.3% levered free cash flow (FCF) growth. In fact, this significantly outpaces the sector’s median by an astounding 566%!
Additionally, Qualcomm is making strategic moves to maintain its leadership in technology. The company renewed its pivotal deal with Apple (NASDAQ:AAPL), indicating a sustained collaborative momentum. Furthermore, Qualcomm is making notable advances in the automotive sector, aligning with industry trends and future growth areas.
Underpinning Qualcomm’s forward-looking vision is the launch of its Wi-Fi 7 platform and entry into the broadband carrier market. The company’s commitment to innovation is further exemplified by its $100 million Snapdragon Metaverse Fund. This fund is dedicated to fueling developments in the metaverse and Extended Reality (XR), areas rapidly gaining importance and reshaping the tech landscape.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.
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The post 3 Metaverse Stocks to Build Your Virtual Empire in 2024 appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By enhancing supply chain efficiency and expanding capacity with partners, Nvidia strategically positions itself ahead of competitors like Intel and AMD in the generative AI silicon arena. This fund is dedicated to fueling developments in the metaverse and Extended Reality (XR), areas rapidly gaining importance and reshaping the tech landscape. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Metaverse Stocks to Build Your Virtual Empire in 2024 appeared first on InvestorPlace. | Additionally, Roblox recently enhanced its metaverse vision by introducing animated chats. Nvidia (NVDA) Source: Evolf / Shutterstock.com Nvidia (NASDAQ:NVDA) has successfully expanded beyond its well-known GPU manufacturing role. This financial surge underscores Nvidia’s solid market position and growth trajectory. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips The concept of a “metaverse” refers to a sophisticated, evolving virtual realm where users from the real world can engage dynamically with a digital environment alongside others. The Metaverse market is experiencing extraordinary growth, projected to expand at a 36.8% annual growth rate through 2030, culminating in a whopping $507.8 billion. Roblox (RBLX) Source: Miguel Lagoa / Shutterstock.com Roblox (NYSE:RBLX) is making significant strides in the virtual space market, emerging as a frontrunner in the burgeoning metaverse. | These figures underscore a significant investment opportunity. This financial surge underscores Nvidia’s solid market position and growth trajectory. Additionally, Qualcomm is making strategic moves to maintain its leadership in technology. | 5aff4676-1dbc-4bc2-86b5-c4ff6e70b63e |
711040.0 | 2023-12-16 00:00:00 UTC | Long-term Growth: 3 High-Potential Stocks to Buy and Hold | DCOMP | https://www.nasdaq.com/articles/long-term-growth%3A-3-high-potential-stocks-to-buy-and-hold | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Growth stocks outperformed in 2023 led by companies associated with artificial intelligence (AI). Heading into 2024, it’s highly probably that growth stocks will continue leading the way.
The market rally has broadened in recent weeks after the U.S. Federal Reserve signaled three potential interest rate cuts in the coming year. Yet, Wall Street is unlikely to suddenly abandon growth. In fact, high-growth technology stocks could rally higher. The $1.19 trillion that has been sitting in U.S. money market funds continues to move into equities. More than $257 billion flowed into stocks between October 31 and November 30 as the rally gathered steam.
So, with thecurrent stock marketrally set to continue into 2024, let’s look at the long-term growth of three high-potential stocks to buy and hold.
Intel (INTC)
Source: JHVEPhoto / Shutterstock.com
Challenge accepted. That was the message from Intel (NASDAQ:INTC) as the company introduced a new microchip for generative AI software. It directly competes against rivals Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD).
In fact, Intel’s new “Gaudi3” chip will be able to run big AI models that are energy intensive. Currently, they are driven largely by chips from Nvidia, which has a 70%global marketshare.
Specifically, the Gaudi3 chip is meant to challenge Nvidia’s H100 chip as well as AMD’s MI300X chip used in AI. Intel said that the Gaudi3 chip will start shipping to customers in 2024, though an exact date hasn’t been made public. Additionally, Intel announced new Core Ultra chips designed for Windows laptops, personal computers (PCs), and new fifth-generation Xeon server microchips. Those new chips include a specialized part called an “NPU” that can run AI programs faster.
Therefore, the new line-up of chips can be expected to serve as a catalyst for Intel and its share price in the year ahead. INTC stock is up 73% in 2023.
Broadcom (AVGO)
Source: Sasima / Shutterstock.com
Sticking with microchip and semiconductor companies, we have Broadcom (NASDAQ:AVGO). AVGO stock has gained 25% since the company issued its latest financial results in early December.
The strong beat on both the top and bottom lines has investors feeling bullish about Broadcom and its year ahead. Several analysts have upgraded the stock since the latest quarterly print, including Bank of America (NYSE:BAC), which raised its price target to $1,250 a share from $1,200 previously.
In raising their ratings and price targets on AVGO stock, analysts have cited the application of generative AI across Broadcom’s products as a major catalyst for the stock. Also, they note that the company’s recently completed $69 billion acquisition of cloud computing firm VMware. This should immediately benefit the company’s financial results. Indeed, Broadcom said that for its fiscal 2024 year, it expects to generate revenue of $50 billion, well ahead of the $39 billion expected on Wall Street.
C3.ai (AI)
Source: shutterstock.com/Below the Sky
For investors who have an appetite for risk and some patience, there’s C3.ai (NYSE:AI). Founded in 2009, the company specializes in enterprise AI. It is basically still a start-up and remains unprofitable.
But, C3.ai has promise and its stock has been a big winner in the AI trade over the past year. Closing out 2023, AI stock has increased 182% on the year. More gains can be expected as the company grows and matures.
C3.ai stock is prone to big swings higher or lower. Its stock recently plunged 12% after the company issued financial results that included weak forward guidance. The results themselves were better-than-expected, with C3.ai reporting an earnings per share (EPS) loss of 13 cents, which was better than the loss of 18 cents expected on Wall Street. Revenue totaled $73.2 million, up 17% from a year ago. The company has withdrawn a previous forecast to achieve profitability by the end of 2024, which has hurt AI stock.
Again, it’s not for every investor. But for those chasing growth, AI stock is a contender.
On the date of publication, Joel Baglole held a long position in NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
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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. | Additionally, Intel announced new Core Ultra chips designed for Windows laptops, personal computers (PCs), and new fifth-generation Xeon server microchips. Several analysts have upgraded the stock since the latest quarterly print, including Bank of America (NYSE:BAC), which raised its price target to $1,250 a share from $1,200 previously. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. | AVGO stock has gained 25% since the company issued its latest financial results in early December. Indeed, Broadcom said that for its fiscal 2024 year, it expects to generate revenue of $50 billion, well ahead of the $39 billion expected on Wall Street. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post Long-term Growth: 3 High-Potential Stocks to Buy and Hold appeared first on InvestorPlace. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips Growth stocks outperformed in 2023 led by companies associated with artificial intelligence (AI). So, with thecurrent stock marketrally set to continue into 2024, let’s look at the long-term growth of three high-potential stocks to buy and hold. In raising their ratings and price targets on AVGO stock, analysts have cited the application of generative AI across Broadcom’s products as a major catalyst for the stock. | Specifically, the Gaudi3 chip is meant to challenge Nvidia’s H100 chip as well as AMD’s MI300X chip used in AI. Therefore, the new line-up of chips can be expected to serve as a catalyst for Intel and its share price in the year ahead. Indeed, Broadcom said that for its fiscal 2024 year, it expects to generate revenue of $50 billion, well ahead of the $39 billion expected on Wall Street. | ab2f5a07-a3d6-49da-acfa-e2152f6c4389 |
711041.0 | 2023-12-16 00:00:00 UTC | Trailing The S&P By 20% This Year, Can eBay Stock Rebound? | DCOMP | https://www.nasdaq.com/articles/trailing-the-sp-by-20-this-year-can-ebay-stock-rebound | nan | nan | eBay stock (NASDAQ: EBAY) currently trades at $43 per share, around 47% below (89% upside) its level of $81 on October 23, 2021 (pre-inflation shock high), and seems undervalued. EBay saw its stock trading at around $42 at the end of June 2022, just before the Fed started increasing rates, and is trading 2% above that level now. In comparison, the S&P 500 gained about 25% during this period. The stock price has struggled over the recent quarters due to a couple of factors such as lower website traffic, and a drop in the gross merchandise value (GMV). It was due to tough macroeconomic conditions and normalization of consumer buying behavior post-pandemic.
Amid the current financial backdrop, eBay stock has seen little change, moving slightly from levels of $50 in early January 2021 to around $45 now, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period. Overall, the performance of eBay stock with respect to the index has been lackluster. Returns for the stock were 32% in 2021, -38% in 2022, and 3% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 23% in 2023 (YTD) – indicating that EBAY underperformed the S&P in 2022 and 2023. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and HD, and even for the megacap stars GOOG, MSFT, and AAPL. In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could EBAY face a similar situation as it did in 2022 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump?
Returning to the pre-inflation shock level means that EBAY stock will have to gain around 89% from the current levels. However, we do not expect that to materialize anytime soon and estimate eBay’s valuation to be around $46 per share.
Our detailed analysis of eBay’s upside post-inflation shock captures trends in the company’s stock during the turbulent market conditions seen over 2022 and compares these trends to the stock’s performance during the 2008 recession.
2022 Inflation Shock
Timeline of Inflation Shock So Far:
2020 – early 2021: Increase in money supply to cushion the impact of lockdowns led to high demand for goods; producers unable to match up.
Early 2021: Shipping snarls and worker shortages from the coronavirus pandemic continue to hurt the supply
April 2021: Inflation rates cross 4% and increase rapidly
Early 2022: Energy and food prices spike due to the Russian invasion of Ukraine. Fed begins its rate hike process
June 2022: Inflation levels peak at 9% – the highest level in 40 years. S&P 500 index declines more than 20% from peak levels.
October 2022 – July 2023: Fed continues rate hike process; improving market sentiments help S&P500 recoup some of its losses
Since July 2023: Fed keeps interest rates unchanged to quell fears of a recession, although another rate hike remains in the cards.
In contrast, here’s how EBAY stock and the broader market performed during the 2007/2008 crisis.
Timeline of 2007-08 Crisis
10/1/2007: Approximate pre-crisis peak in S&P 500 index
9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08)
3/1/2009: Approximate bottoming out of S&P 500 index
12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008)
EBAY and S&P 500 Performance During 2007-08 Crisis
eBay stock declined from nearly $15 in September 2007 (pre-crisis peak) to below $4 in March 2009 (as the markets bottomed out), implying EBAY stock lost almost 73% of its pre-crisis value. It recovered post the 2008 crisis to levels of around $9 in early 2010, rising 117% between March 2009 and January 2010. The S&P 500 Index saw a decline of 51%, falling from levels of 1,540 in September 2007 to 757 in March 2009. It then rallied 48% between March 2009 and January 2010 to reach levels of 1,124.
EBAY Fundamentals Over Recent Years
eBay revenues increased from $7.4 billion in 2019 to $8.9 billion in 2020 because of the Covid-19 crisis. Further, it improved to $10.4 billion in 2021, before declining to $9.8 billion in 2022.
Similarly, earnings increased from $2.10 in 2019 to $20.87 in 2021, before decreasing to -$2.27 in 2022.
Conclusion
With the Fed’s efforts to tame runaway inflation rates helping market sentiments, we believe eBay (EBAY) stock has the potential for strong gains in the long term once fears of a potential recession are allayed.
Returns Dec 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
EBAY Return 4% 3% 44%
S&P 500 Return 3% 23% 111%
Trefis Reinforced Value Portfolio 7% 37% 601%
[1] Month-to-date and year-to-date as of 12/15/2023
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The stock price has struggled over the recent quarters due to a couple of factors such as lower website traffic, and a drop in the gross merchandise value (GMV). In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and HD, and even for the megacap stars GOOG, MSFT, and AAPL. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could EBAY face a similar situation as it did in 2022 and 2023 and underperform the S&P over the next 12 months – or will it see a strong jump? | eBay stock (NASDAQ: EBAY) currently trades at $43 per share, around 47% below (89% upside) its level of $81 on October 23, 2021 (pre-inflation shock high), and seems undervalued. October 2022 – July 2023: Fed continues rate hike process; improving market sentiments help S&P500 recoup some of its losses Since July 2023: Fed keeps interest rates unchanged to quell fears of a recession, although another rate hike remains in the cards. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) EBAY and S&P 500 Performance During 2007-08 Crisis eBay stock declined from nearly $15 in September 2007 (pre-crisis peak) to below $4 in March 2009 (as the markets bottomed out), implying EBAY stock lost almost 73% of its pre-crisis value. | Returning to the pre-inflation shock level means that EBAY stock will have to gain around 89% from the current levels. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) EBAY and S&P 500 Performance During 2007-08 Crisis eBay stock declined from nearly $15 in September 2007 (pre-crisis peak) to below $4 in March 2009 (as the markets bottomed out), implying EBAY stock lost almost 73% of its pre-crisis value. Conclusion With the Fed’s efforts to tame runaway inflation rates helping market sentiments, we believe eBay (EBAY) stock has the potential for strong gains in the long term once fears of a potential recession are allayed. | eBay stock (NASDAQ: EBAY) currently trades at $43 per share, around 47% below (89% upside) its level of $81 on October 23, 2021 (pre-inflation shock high), and seems undervalued. Returning to the pre-inflation shock level means that EBAY stock will have to gain around 89% from the current levels. In contrast, here’s how EBAY stock and the broader market performed during the 2007/2008 crisis. | 2288145a-9b82-4c24-8d42-cb2910a74946 |
711042.0 | 2023-12-16 00:00:00 UTC | Down 45% The Past 3 Years, With The S&P Up 25%, What Next For Hasbro Stock? | DCOMP | https://www.nasdaq.com/articles/down-45-the-past-3-years-with-the-sp-up-25-what-next-for-hasbro-stock | nan | nan | [Note: HAS’ fiscal year 2022 ended December 25, 2022]
Hasbro (NASDAQ: HAS) is one of the largest makers of toys and games. The toymaker is known for brands like Transformers and board games like Monopoly. The company’s stock currently trades at $50 per share, around 52% below its level of $104 seen on January 4, 2022 (pre-inflation shock high), and has the potential for gains. However, the company’s large debt obligation presents a risk to this upside. Lower demand across the business has pressured Hasbro’s profitability since last year, which has weighed on the stock. Hasbro reported net revenue of $1.5 billion in the recent Q3, which was down 10% year-over-year (y-o-y). It also saw diluted earnings per share of -$1.23 in Q3 2023 compared to 93 cents per share in Q3 2022. However, the company’s adjusted net income rose 16% y-o-y to $228 million, i.e. $1.64 per share in adjusted earnings. Retail conditions are tough right now, and the toymaker predicted the crucial holiday quarter might not turn out as well as expected. Management lowered its guidance for FY 2023 due to the weak performance in consumer products. It now sees total revenue falling 13%-15%, compared to an earlier forecast of just a 3%-6% decline. It expects a drop of 25% to 30% in the entertainment business and a moderation of growth in the digital gaming segment. While Hasbro continues to transform its business to focus on profitable growth, it faces a long road ahead.
HAS stock has suffered a sharp decline of 45% from levels of $95 in early January 2021 to around $50 now, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period. Notably, HAS stock has underperformed the broader market in each of the last 3 years. Returns for the stock were 9% in 2021, -40% in 2022, and -18% in 2023 (YTD). In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 23% in 2023 (YTD) – indicating that HAS underperformed the S&P in 2021, 2022, and 2023. In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and HD, and even for the megacap stars GOOG, MSFT, and AAPL. In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could HAS face a similar situation as it did in 2021, 2022, and 2023 and underperform the S&P over the next 12 months – or will it see a recovery?
Returning to the pre-inflation shock level means that HAS will have to gain about 108% from here. While it has the potential to recover to those levels, we estimate HAS’ Valuation to be around $44 per share, almost 8% lower than the current market price. Our detailed analysis of Hasbro upside post-inflation shock captures trends in the company’s stock during the turbulent market conditions seen over 2022 and compares these trends to the stock’s performance during the 2008 recession.
2022 Inflation Shock
Timeline of Inflation Shock So Far:
2020 – early 2021: Increase in money supply to cushion the impact of lockdowns led to high demand for goods; producers were unable to match up.
Early 2021: Shipping snarls and worker shortages from the coronavirus pandemic continue to hurt the supply
April 2021: Inflation rates cross 4% and increase rapidly
Early 2022: Energy and food prices spike due to the Russian invasion of Ukraine. Fed begins its rate hike process
June 2022: Inflation levels peak at 9% – the highest level in 40 years. S&P 500 index declines more than 20% from peak levels.
July – September 2022: Fed hikes interest rates aggressively – resulting in an initial recovery in the S&P 500 followed by another sharp decline
October 2022 – July 2023: Fed continues rate hike process; improving market sentiments help S&P500 recoup some of its losses
Since August 2023: Fed keeps interest rates unchanged to quell fears of a recession, although another rate hike remains in the cards.
In contrast, here’s how HAS stock and the broader market performed during the 2007/2008 crisis.
Timeline of 2007-08 Crisis
10/1/2007: Approximate pre-crisis peak in S&P 500 index
9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08)
3/1/2009: Approximate bottoming out of S&P 500 index
12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008)
HAS and S&P 500 Performance During 2007-08 Crisis
HAS stock declined from nearly $30 in October 2007 (pre-crisis peak) to around $23 in March 2009 (as the markets bottomed out), implying that HAS stock lost almost 23% of its pre-crisis value. It recovered from the 2008 crisis to levels of around $32 in early 2010, rising roughly 40% between March 2009 and January 2010. The S&P 500 Index saw a decline of 51%, falling from levels of 1,540 in September 2007 to 757 in March 2009. It then rallied 48% between March 2009 and January 2010 to reach levels of 1,124.
Hasbro Fundamentals Over Recent Years
HAS revenues grew 36% from around $4.7 billion in FY 2019 to about $6.4 billion in FY 2021, due to the impact of Covid-19. However, sales fell to $5.9 billion in FY 2022 due to softer industry trends. Earnings per share declined from around $4.09 in FY 2019 to $3.11 in FY 2021 and fell further to $1.47 in FY’22. The reason for this decline was inflation curbing consumer spending and a tougher macro environment across the toys and entertainment sector.
Conclusion
With the Fed’s efforts to tame runaway inflation rates helping market sentiment, we believe HAS stock has the potential for strong gains once fears of a potential recession are allayed. That said, the pressure on the company’s balance sheet remains a significant risk factor to the realization of these gains.
It is helpful to see how its peers stack up. HAS Peers shows how Hasbro stock compares against peers on metrics that matter. You will find other useful comparisons for companies across industries at Peer Comparisons.
Returns Dec 2023
MTD [1] 2023
YTD [1] 2017-23
Total [2]
HAS Return 8% -18% -36%
S&P 500 Return 3% 23% 110%
Trefis Reinforced Value Portfolio 4% 33% 584%
[1] Month-to-date and year-to-date as of 12/14/2023
[2] Cumulative total returns since the end of 2016
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In fact, consistently beating the S&P 500 – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Consumer Discretionary sector including AMZN, TSLA, and HD, and even for the megacap stars GOOG, MSFT, and AAPL. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could HAS face a similar situation as it did in 2021, 2022, and 2023 and underperform the S&P over the next 12 months – or will it see a recovery? The reason for this decline was inflation curbing consumer spending and a tougher macro environment across the toys and entertainment sector. | July – September 2022: Fed hikes interest rates aggressively – resulting in an initial recovery in the S&P 500 followed by another sharp decline October 2022 – July 2023: Fed continues rate hike process; improving market sentiments help S&P500 recoup some of its losses Since August 2023: Fed keeps interest rates unchanged to quell fears of a recession, although another rate hike remains in the cards. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) HAS and S&P 500 Performance During 2007-08 Crisis HAS stock declined from nearly $30 in October 2007 (pre-crisis peak) to around $23 in March 2009 (as the markets bottomed out), implying that HAS stock lost almost 23% of its pre-crisis value. Conclusion With the Fed’s efforts to tame runaway inflation rates helping market sentiment, we believe HAS stock has the potential for strong gains once fears of a potential recession are allayed. | Our detailed analysis of Hasbro upside post-inflation shock captures trends in the company’s stock during the turbulent market conditions seen over 2022 and compares these trends to the stock’s performance during the 2008 recession. July – September 2022: Fed hikes interest rates aggressively – resulting in an initial recovery in the S&P 500 followed by another sharp decline October 2022 – July 2023: Fed continues rate hike process; improving market sentiments help S&P500 recoup some of its losses Since August 2023: Fed keeps interest rates unchanged to quell fears of a recession, although another rate hike remains in the cards. Timeline of 2007-08 Crisis 10/1/2007: Approximate pre-crisis peak in S&P 500 index 9/1/2008 – 10/1/2008: Accelerated market decline corresponding to Lehman bankruptcy filing (9/15/08) 3/1/2009: Approximate bottoming out of S&P 500 index 12/31/2009: Initial recovery to levels before accelerated decline (around 9/1/2008) HAS and S&P 500 Performance During 2007-08 Crisis HAS stock declined from nearly $30 in October 2007 (pre-crisis peak) to around $23 in March 2009 (as the markets bottomed out), implying that HAS stock lost almost 23% of its pre-crisis value. | The company’s stock currently trades at $50 per share, around 52% below its level of $104 seen on January 4, 2022 (pre-inflation shock high), and has the potential for gains. HAS stock has suffered a sharp decline of 45% from levels of $95 in early January 2021 to around $50 now, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period. However, sales fell to $5.9 billion in FY 2022 due to softer industry trends. | 74a13732-914c-4152-82b1-dd86dd93eb1d |
711043.0 | 2023-12-16 00:00:00 UTC | Don't Overlook These Basic Materials Stocks it's Time to Buy | DCOMP | https://www.nasdaq.com/articles/dont-overlook-these-basic-materials-stocks-its-time-to-buy | nan | nan | Tech stocks have continued to roar this year with the Nasdaq now up +42% in 2023 but diversification can be healthy for the portfolio and a few basic materials stocks are standing out at the moment.
Added to the Zacks Rank #1 (Strong Buy) list this week here are three basic materials stocks that investors shouldn't overlook right now.
Centrus Energy LEU
Soaring +65% this year, Centrus Energy’s stock is worthy of investors' consideration as a supplier of enriched uranium fuel for commercial nuclear power plants. Centrus also provides contract work services for the U.S. Department of Energy and its contractors.
Despite this year’s impressive rally, Centrus’ stock still trades at a reasonable 20.1X forward earnings multiple and annual earnings estimates for fiscal 2023 have soared 30% over the last 60 days from projections of $2.00 a share to $2.61 per share. Plus, FY24 EPS estimates are up 6% in the last two months and its noteworthy that Centrus most recently crushed its third quarter earnings expectations by 100% in November with earnings coming in at $0.52 per share compared to estimates of $0.26 a share.
Image Source: Zacks Investment Research
Ryerson RYI
Steel producer and metal distributor Ryerson Holding Corporation has seen its stock rise a modest +8% in 2023 but there is deep value that suggests more upside. Through its subsidiaries, Ryerson purchases, processes, and distributes various forms of stainless steel, aluminum, carbon, alloy steel, nickel, and red metals.
Trading at a very reasonable 9X forward earnings multiple, Ryerson’s FY23 earnings estimates have jumped 18% over the last 60 days with FY24 EPS estimates up 5%. Making Ryerson’s stock more attractive is that the company offers a generous 2.28% dividend yield which it has increased nine times in the last five years and is nicely above the Zacks Steel-Producers Industry average of 1.99% and the S&P 500’s 1.39%.
Image Source: Zacks Investment Research
Sylvamo SLVM
Lastly, paper producer Sylvamo Corporation’s stock looks attractive with annual earnings estimates for fiscal 2023 up 5% over the last 60 days while FY24 EPS estimates have risen 6%. Sylvamo’s stock is virtually flat for the year but is up +48% in the last three years which tops the S&P 500’s +27% and the Nasdaq’s +17%.
To that point, Sylvamo has a unique niche in transforming renewable resources into papers for education, communication, and entertainment. Plus, Sylvamo’s stock trades at just 7.5X forward earnings with the rising EPS estimates offering further support and the company has a global footprint that includes mills in North America, Europe, and Latin America. It’s also noteworthy that Sylvamo offers a very respectable 2.56% annual dividend yield that is below its industry average of 4.52% but comfortably tops the S&P 500’s average.
Image Source: Zacks Investment Research
Takeaway
Positive earnings estimate revisions have become very appealing for these basic materials stocks considering their reasonable P/E valuations. This is reason to believe that Centrus Energy, Ryerson, and Sylvamo’s stock could have a nice amount of upside especially as market sentiment remains higher.
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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Making Ryerson’s stock more attractive is that the company offers a generous 2.28% dividend yield which it has increased nine times in the last five years and is nicely above the Zacks Steel-Producers Industry average of 1.99% and the S&P 500’s 1.39%. Image Source: Zacks Investment Research Takeaway Positive earnings estimate revisions have become very appealing for these basic materials stocks considering their reasonable P/E valuations. 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%. | Image Source: Zacks Investment Research Ryerson RYI Steel producer and metal distributor Ryerson Holding Corporation has seen its stock rise a modest +8% in 2023 but there is deep value that suggests more upside. Image Source: Zacks Investment Research Sylvamo SLVM Lastly, paper producer Sylvamo Corporation’s stock looks attractive with annual earnings estimates for fiscal 2023 up 5% over the last 60 days while FY24 EPS estimates have risen 6%. Click to get this free report Ryerson Holding Corporation (RYI) : Free Stock Analysis Report Centrus Energy Corp. (LEU) : Free Stock Analysis Report Sylvamo Corporation (SLVM) : Free Stock Analysis Report To read this article on Zacks.com click here. | Image Source: Zacks Investment Research Ryerson RYI Steel producer and metal distributor Ryerson Holding Corporation has seen its stock rise a modest +8% in 2023 but there is deep value that suggests more upside. Image Source: Zacks Investment Research Sylvamo SLVM Lastly, paper producer Sylvamo Corporation’s stock looks attractive with annual earnings estimates for fiscal 2023 up 5% over the last 60 days while FY24 EPS estimates have risen 6%. Click to get this free report Ryerson Holding Corporation (RYI) : Free Stock Analysis Report Centrus Energy Corp. (LEU) : Free Stock Analysis Report Sylvamo Corporation (SLVM) : Free Stock Analysis Report To read this article on Zacks.com click here. | Image Source: Zacks Investment Research Ryerson RYI Steel producer and metal distributor Ryerson Holding Corporation has seen its stock rise a modest +8% in 2023 but there is deep value that suggests more upside. Trading at a very reasonable 9X forward earnings multiple, Ryerson’s FY23 earnings estimates have jumped 18% over the last 60 days with FY24 EPS estimates up 5%. Image Source: Zacks Investment Research Sylvamo SLVM Lastly, paper producer Sylvamo Corporation’s stock looks attractive with annual earnings estimates for fiscal 2023 up 5% over the last 60 days while FY24 EPS estimates have risen 6%. | a5a30496-df1d-4e8a-9b42-2be24a1a1359 |
711044.0 | 2023-12-16 00:00:00 UTC | M&A Opportunities: 3 Automation Stocks Set for Big Moves | DCOMP | https://www.nasdaq.com/articles/ma-opportunities%3A-3-automation-stocks-set-for-big-moves | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Thanks to artificial intelligence (AI), automation stocks will in demand by investors throughout this year and into next.
On December 11, Hollysys Automation Technologies (NASDAQ:HOLI) announced that it would be acquired by Ascendent Capital Partners. The latter is a privately owned Hong Kong investment firm.
Ascendent is paying $1.66 billion in cash for the Beijing automation control systems provider. The investment firm paid a 42% premium to the price of HOLI stock on August 23. This occurred the day before it initiated a formal sale process.
IBM (NYSE:IBM) has a section of its corporate website dedicated to intelligent automation.
“Intelligent automation (IA), sometimes also called cognitive automation, is the use of automation technologies – artificial intelligence (AI), business process management (BPM), and robotic process automation (RPA) – to streamline and scale decision-making across organizations,” IBM’s website states.
Moving into 2024, the companies that provide automation products and services will be attractive M&A candidates for larger technology and investment firms.
Three automation stocks are ready for big moves in 2024 due to increased M&A activity.
UiPath (PATH)
Source: dennizn / Shutterstock.com
UiPath (NYSE:PATH) is a New York-based robotic process automation (RPA) software maker. PATH stock is up 107% in 2023 but down 54% from its April 2021 initial public offering.
One example of a company that uses UiPath’s RPA software is First Abu Dhabi Bank, the largest bank in the United Arab Emirates. It got its start with RPA in 2019. The pilot project was intended to drive AI initiatives across the bank.
For example, moving relationship managers from one set of accounts to another involved significant manual administration to change things in its various systems. With RPA, the process was reduced from seven days down to one. That is a staggering 88% increase in efficiency, saving approximately 840 hours per year.
In the first nine months of 2023, UiPath had a non-GAAP operating profit of $122 million from $903 million in revenue. It is not quite GAAP profitable. Someone larger will make an offer in 2024 before the price increases.
Aspen Technology (AZPN)
Source: Pavel Kapysh / Shutterstock.com
Aspen Technology (NASDAQ:AZPN) provides purpose-built software to asset-intensive industries. Those include utilities, oil and gas producers and refiners, chemical companies, miners, and pharmaceuticals.
The software is intended to keep their clients’ assets running longer and faster. Considering the infrastructure assets cost, they must be able to stay abreast of regular, daily operations.
In September 2022, I selected Aspen as one of three unknown tech stocks that could rocket in 2023. Its shares flew through the first quarter but got hammered at the end of April after reporting disappointing Q3 2023 results. That included an adjusted earnings per share miss of 60 cents, or 36%, with a $56 million (20%) miss.
Its shares fell 25% in a single day. AZPN stock has yet to return to its April and 52-week high of $247.96.
As a result of the dive in its share price, the company entered into a $100 million accelerated share repurchase (ASR) program with JPMorgan Chase. It received 487,626 shares on May 5 and an additional 107.045 on Aug. 7, when the ASR was settled. It paid an average price of $168.16, a return on investment of nearly 24%.
On a non-GAAP basis, it expects free cash flow of at least $360 million in fiscal 2024 (June year-end), up 23% from 2023, on at least $1.12 billion in revenue.
Expect to see an offer coming in 2024.
Symbotic (SYM)
Source: Have a nice day Photo/Shutterstock
The price for acquiring Symbotic (NASDAQ:SYM) got a lot more expensive in 2023. The warehouse robotics automation software and hardware manufacturer has seen its stock jump by 344% year to date (YTD). As a result, its market capitalization is nearly $30 billion.
However, only its Class A shares (one vote per share) trade on Nasdaq. Its V-1 (one vote) and V-3 (3 votes) common are unlisted. It had 557.24 million shares outstanding as of Dec. 5, 2023.
Looking at most stock quotes for SYM, you will see a market cap of $4.39 billion based on 83.72 million outstanding Class A shares. However, that doesn’t take into account the 407.53 million V-3 common shares that convert into V-1 shares. Nor does it factor the 65.99 million V-1 outstanding as of Dec. 5. All of the V-3 common automatically convert into V-1 in June 2029, seven years after its combination with the SVF Investment Corp. special purpose acquisition company (SPAC).
As a result, Symbotic CEO Richard Cohen controls 89.5% of the votes. Any sale will have to have his approval. As an aside, Cohen first invested in the company in 2006 when it was known as CasePick and took over as CEO in 2017.
Symbotic is the least likely to be acquired in 2024, because it has a $23.3 billion backlog of systems to install by 2029 as of Sept. 30. Further, Cohen may feel the business will be worth more in 2029 than it is today.
But you never know.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post M&A Opportunities: 3 Automation Stocks Set for Big Moves appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | All of the V-3 common automatically convert into V-1 in June 2029, seven years after its combination with the SVF Investment Corp. special purpose acquisition company (SPAC). More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post M&A Opportunities: 3 Automation Stocks Set for Big Moves appeared first on InvestorPlace. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips Thanks to artificial intelligence (AI), automation stocks will in demand by investors throughout this year and into next. “Intelligent automation (IA), sometimes also called cognitive automation, is the use of automation technologies – artificial intelligence (AI), business process management (BPM), and robotic process automation (RPA) – to streamline and scale decision-making across organizations,” IBM’s website states. Aspen Technology (AZPN) Source: Pavel Kapysh / Shutterstock.com Aspen Technology (NASDAQ:AZPN) provides purpose-built software to asset-intensive industries. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips Thanks to artificial intelligence (AI), automation stocks will in demand by investors throughout this year and into next. “Intelligent automation (IA), sometimes also called cognitive automation, is the use of automation technologies – artificial intelligence (AI), business process management (BPM), and robotic process automation (RPA) – to streamline and scale decision-making across organizations,” IBM’s website states. As a result of the dive in its share price, the company entered into a $100 million accelerated share repurchase (ASR) program with JPMorgan Chase. | PATH stock is up 107% in 2023 but down 54% from its April 2021 initial public offering. Someone larger will make an offer in 2024 before the price increases. However, that doesn’t take into account the 407.53 million V-3 common shares that convert into V-1 shares. | 2ea5ad8e-9cef-4745-bb1e-2555bdaf90ce |
711045.0 | 2023-12-16 00:00:00 UTC | Quipt Home Medical Corp. (QIPT) Reports Q4 Loss, Misses Revenue Estimates | DCOMP | https://www.nasdaq.com/articles/quipt-home-medical-corp.-qipt-reports-q4-loss-misses-revenue-estimates | nan | nan | Quipt Home Medical Corp. (QIPT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -250%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.03, delivering a surprise of -200%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Quipt Home Medical Corp., which belongs to the Zacks Medical - Products industry, posted revenues of $62.52 million for the quarter ended September 2023, missing the Zacks Consensus Estimate by 1.69%. This compares to year-ago revenues of $40.09 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Quipt Home Medical Corp. Shares have lost about 7.9% since the beginning of the year versus the S&P 500's gain of 22.9%.
What's Next for Quipt Home Medical Corp.
While Quipt Home Medical Corp. 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 Quipt Home Medical Corp. 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 $0.05 on $66.9 million in revenues for the coming quarter and $0.10 on $279.45 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, Medical - Products is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Neogen (NEOG), is yet to report results for the quarter ended November 2023.
This maker of medical testing kits is expected to post quarterly earnings of $0.15 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Neogen's revenues are expected to be $236.69 million, up 2.9% from the year-ago quarter.
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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Quipt Home Medical Corp. (QIPT) : Free Stock Analysis Report
Neogen Corporation (NEOG) : 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. | Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. 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%. | Quipt Home Medical Corp., which belongs to the Zacks Medical - Products industry, posted revenues of $62.52 million for the quarter ended September 2023, missing the Zacks Consensus Estimate by 1.69%. The current consensus EPS estimate is $0.05 on $66.9 million in revenues for the coming quarter and $0.10 on $279.45 million in revenues for the current fiscal year. Click to get this free report Quipt Home Medical Corp. (QIPT) : Free Stock Analysis Report Neogen Corporation (NEOG) : Free Stock Analysis Report To read this article on Zacks.com click here. | Quipt Home Medical Corp. (QIPT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.02. Quipt Home Medical Corp., which belongs to the Zacks Medical - Products industry, posted revenues of $62.52 million for the quarter ended September 2023, missing the Zacks Consensus Estimate by 1.69%. Click to get this free report Quipt Home Medical Corp. (QIPT) : Free Stock Analysis Report Neogen Corporation (NEOG) : Free Stock Analysis Report To read this article on Zacks.com click here. | Quipt Home Medical Corp., which belongs to the Zacks Medical - Products industry, posted revenues of $62.52 million for the quarter ended September 2023, missing the Zacks Consensus Estimate by 1.69%. The company has topped consensus revenue estimates just once over the last four quarters. 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. | 16f5f91a-2d45-46e7-be28-e91b3ee3ab16 |
711046.0 | 2023-12-16 00:00:00 UTC | Alphabet Jumped Again Today Thanks to AI -- Is the Stock a Buy? | DCOMP | https://www.nasdaq.com/articles/alphabet-jumped-again-today-thanks-to-ai-is-the-stock-a-buy | nan | nan | Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) stock posted another day of significant gains in Monday's trading. The tech giant's share price closed out the daily session up 2.4%, according to data from S&P Global Market Intelligence.
Alphabet's stock gained ground today, trading amid a spurt of broader momentum for big tech stocks with significant exposure to artificial intelligence (AI) trends. Even on the heels of big gains across 2023's trading, Wall Street appears to be becoming increasingly bullish on the long-term prospects for the market's biggest AI stocks.
Big Tech's big rally keeps rolling
Thanks to its position as a leading provider of web-search services through its Google platform, Alphabet stands to benefit from artificial intelligence services improving search and digital advertising results. However, the company's opportunities to benefit from AI are hardly limited to the Google search platform.
Beyond its market-leading search engine services, Alphabet also has strong positions in mobile operating system software, cloud infrastructure services, video streaming, and other influential product categories. Alphabet's varied and far-reaching ecosystem of products and services gives the company a wide range of ways to benefit from the rise of artificial intelligence. The tech giant's diverse product suite also generates an incredible amount of data, which can be used to generate valuable insights and improve the performance of AI algorithms.
Is Alphabet stock a buy right now?
Alphabet stock has already climbed roughly 54% across 2023's trading, but that doesn't mean long-term investors should ignore the stock. The company still trades at reasonable earnings multiples, and it could deliver strong returns for those who take a buy-and-hold approach at today's prices.
GOOGL P/E Ratio (Forward 1y) data by YCharts.
Valued at roughly 20 times next year's expected earnings, Alphabet stock still has the potential to deliver market-beating gains for patient investors. Thanks to their existing infrastructure and data-generating advantages, large tech companies have big advantages in the AI race.
While the extent to which Alphabet will be able to leverage these strengths still remains to be seen, the company's position in artificial intelligence and the broader tech industry continues to look quite strong. For long-term investors seeking ways to play AI and technology trends, Alphabet stock looks like a worthwhile portfolio addition, even on the heels of recent gains.
Should you invest $1,000 in Alphabet 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. | Even on the heels of big gains across 2023's trading, Wall Street appears to be becoming increasingly bullish on the long-term prospects for the market's biggest AI stocks. Valued at roughly 20 times next year's expected earnings, Alphabet stock still has the potential to deliver market-beating gains for patient investors. For long-term investors seeking ways to play AI and technology trends, Alphabet stock looks like a worthwhile portfolio addition, even on the heels of recent gains. | Alphabet's stock gained ground today, trading amid a spurt of broader momentum for big tech stocks with significant exposure to artificial intelligence (AI) trends. Big Tech's big rally keeps rolling Thanks to its position as a leading provider of web-search services through its Google platform, Alphabet stands to benefit from artificial intelligence services improving search and digital advertising results. Before you buy stock in Alphabet, 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 Alphabet wasn't one of them. | Alphabet's stock gained ground today, trading amid a spurt of broader momentum for big tech stocks with significant exposure to artificial intelligence (AI) trends. Before you buy stock in Alphabet, 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 Alphabet wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. | Alphabet's stock gained ground today, trading amid a spurt of broader momentum for big tech stocks with significant exposure to artificial intelligence (AI) trends. Big Tech's big rally keeps rolling Thanks to its position as a leading provider of web-search services through its Google platform, Alphabet stands to benefit from artificial intelligence services improving search and digital advertising results. Before you buy stock in Alphabet, 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 Alphabet wasn't one of them. | 5d3c8c38-c374-4b60-aab1-186068705ce2 |
711047.0 | 2023-12-16 00:00:00 UTC | Anson Funds Calls On Gildan Activewear To Reinstate Glenn Chamandy As CEO | DCOMP | https://www.nasdaq.com/articles/anson-funds-calls-on-gildan-activewear-to-reinstate-glenn-chamandy-as-ceo | nan | nan | (RTTNews) - Anson Funds Management LP and Anson Advisors Inc., the co-investment advisers of certain investment funds and significant shareholders of Gildan Activewear Inc. (GIL), said it disagreed with the apparel manufacturer board's decision to remove Glenn Chamandy as chief executive officer given his strong track record of value creation, and is calling for his immediate reinstatement and the implementation of a formal succession planning process including the engagement of company shareholders.
Anson Funds noted that the board's mishandling of the succession planning process to date and its actions thereafter have resulted in an incredibly value-destructive distraction that must be immediately addressed.
Anson Funds said it is further troubled by the Board's decision to strike a backroom deal granting an individual shareholder a board seat in exchange for their support before engaging with other investors to discuss the company's approach to succession planning. Instead, company shareholders had to read about the Board's views on Chamandy in press reports, which Anson has since learned are false accusations.
Specifically, the Board's commentary regarding M&A appears designed to perpetuate this distraction at the cost of what should be its key focus: succession planning. Anson Funds believes the best course of action is to immediately reinstate Chamandy, especially considering Vince Tyra seemingly lacks the skills required to lead Gildan into its next stage of growth.
Last week, Gildan Activewear said its Chief Executive Officer and President Glenn Chamandy stepped down from the position and would be replaced by Vince Tyra, effective February 12, 2024.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Anson Funds Management LP and Anson Advisors Inc., the co-investment advisers of certain investment funds and significant shareholders of Gildan Activewear Inc. (GIL), said it disagreed with the apparel manufacturer board's decision to remove Glenn Chamandy as chief executive officer given his strong track record of value creation, and is calling for his immediate reinstatement and the implementation of a formal succession planning process including the engagement of company shareholders. Anson Funds believes the best course of action is to immediately reinstate Chamandy, especially considering Vince Tyra seemingly lacks the skills required to lead Gildan into its next stage of growth. Last week, Gildan Activewear said its Chief Executive Officer and President Glenn Chamandy stepped down from the position and would be replaced by Vince Tyra, effective February 12, 2024. | (RTTNews) - Anson Funds Management LP and Anson Advisors Inc., the co-investment advisers of certain investment funds and significant shareholders of Gildan Activewear Inc. (GIL), said it disagreed with the apparel manufacturer board's decision to remove Glenn Chamandy as chief executive officer given his strong track record of value creation, and is calling for his immediate reinstatement and the implementation of a formal succession planning process including the engagement of company shareholders. Anson Funds believes the best course of action is to immediately reinstate Chamandy, especially considering Vince Tyra seemingly lacks the skills required to lead Gildan into its next stage of growth. Last week, Gildan Activewear said its Chief Executive Officer and President Glenn Chamandy stepped down from the position and would be replaced by Vince Tyra, effective February 12, 2024. | (RTTNews) - Anson Funds Management LP and Anson Advisors Inc., the co-investment advisers of certain investment funds and significant shareholders of Gildan Activewear Inc. (GIL), said it disagreed with the apparel manufacturer board's decision to remove Glenn Chamandy as chief executive officer given his strong track record of value creation, and is calling for his immediate reinstatement and the implementation of a formal succession planning process including the engagement of company shareholders. Anson Funds noted that the board's mishandling of the succession planning process to date and its actions thereafter have resulted in an incredibly value-destructive distraction that must be immediately addressed. Anson Funds said it is further troubled by the Board's decision to strike a backroom deal granting an individual shareholder a board seat in exchange for their support before engaging with other investors to discuss the company's approach to succession planning. | (RTTNews) - Anson Funds Management LP and Anson Advisors Inc., the co-investment advisers of certain investment funds and significant shareholders of Gildan Activewear Inc. (GIL), said it disagreed with the apparel manufacturer board's decision to remove Glenn Chamandy as chief executive officer given his strong track record of value creation, and is calling for his immediate reinstatement and the implementation of a formal succession planning process including the engagement of company shareholders. Instead, company shareholders had to read about the Board's views on Chamandy in press reports, which Anson has since learned are false accusations. Anson Funds believes the best course of action is to immediately reinstate Chamandy, especially considering Vince Tyra seemingly lacks the skills required to lead Gildan into its next stage of growth. | 4cc6980e-6346-49fa-958d-fd30448b9a9f |
711048.0 | 2023-12-16 00:00:00 UTC | 2 Unknown Artificial Intelligence (AI) Stocks That Could Be Huge in 2024 | DCOMP | https://www.nasdaq.com/articles/2-unknown-artificial-intelligence-ai-stocks-that-could-be-huge-in-2024 | nan | nan | 2023 has been a fascinating year for investors. What started with hand-wringing and fear finished with the Dow Jones Industrial Average and S&P 500 indexes near record highs and the Nasdaq Composite not too far behind. There were at least two big reasons for the resurgence.
First, a recession that was predicted by many failed to materialize, thanks in part to efforts by the Federal Reserve. Outsized inflation was brought under control and the economy remained relatively strong despite some challenges. Second, an artificial intelligence (AI) wave of enthusiasm rolled over Wall Street. That wave helped push AI-influenced stocks like Microsoft and Nvidia to new record highs as their businesses generated terrific results.
The AI wave is expected to continue into 2024 and beyond, and investors are already looking elsewhere in the AI space for potential opportunities. Many companies are doing spectacular things with AI; here are two stocks to put on your radar in 2024.
1. UiPath offers real-world AI solutions
Think about the last time you called a customer service line. Did you get transferred multiple times and have to repeat the same identity verification information numerous times? Or did a single person help you and seem to know most of your information already just from your phone number? The difference between those two experiences relates to the technology they are using.
UiPath (NYSE: PATH) Robotic Process Automation (RPA) makes the latter possible, and its customers report soaring customer service ratings and a significant decline in call times. This is real value for the top and bottom lines.
A UiPath customer can also automate a tedious, labor-intensive accounts payable process. Previously, the customer's staff would open hundreds of emails per day containing invoices, download the attachments, and input them into their accounting system. This is a costly process. Using UiPath AI technology, the customer can automate much of this process, freeing employees to complete higher-level tasks.
On the financial front, UiPath reached $1.4 billion in annual recurring revenue (ARR) last quarter, with ARR growth of 24% year over year.
Image source: UiPath
UiPath has a strong balance sheet with $1.8 billion in cash and investments and no long-term debt. The company isn't profitable on a generally accepted accounting principles (GAAP) basis yet, which is common with growing companies, but it produces positive cash flow from operations. This is encouraging, as is UiPath's 85% gross margin.
The stock trades at a price-to-sales (P/S) ratio of 12. Is this reasonable? It's tough to say at this point. The valuation is lower than other growing AI companies, such as Palantir Technologies, at 19 times sales, but the long-term prospects will ultimately come down to execution. If management executes and UiPath continues gaining new customers, the stock will probably do very well over the long haul. If growth stalls, investors will be disappointed. This is why it is wise to dedicate a modest part of a portfolio to small growth companies. Still, UiPath is an intriguing stock that investors should have on their radar, if not in their portfolio.
2. SoundHound AI is a stock to keep an eye on
Another company offering practical solutions is SoundHound AI (NASDAQ: SOUN). SoundHound's niche is conversational intelligence. The company's software enables ordering systems to understand and accurately update customers' orders in real-time using speech recognition technology. White Castle has signed up to roll this out at 100 drive-up locations in 2024.
SoundHound also offers speech-enabled software for automobiles. The user can speak conversationally and receive much more information than most vehicle systems offer today. This will be the standard for restaurants and vehicles in the not-so-distant future. However, SoundHound has significant competition from big tech and auto companies.
The competition has very deep pockets, while SoundHound produced just $13.3 million in sales last quarter and has less than $100 million cash on hand. On the other hand, this was a 52% sequential increase in sales, as shown below, and SoundHound reported increased traction with several customers.
SOUN Revenue (Quarterly) data by YCharts
Investors should also know that the number of shares outstanding increased 23% year over year last quarter.
SoundHound also trades at a P/S ratio near 12 but has a more challenging financial situation than UiPath. Still, there are several ways that investors can profit, including excellent execution that grows sales rapidly or the potential that a larger company loves the technology and makes an acquisition offer. In any event, this is another exciting stock and company AI investors should keep an eye on.
Should you invest $1,000 in UiPath right now?
Before you buy stock in UiPath, 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 UiPath wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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Bradley Guichard has positions in Nvidia and UiPath and has the following options: long January 2025 $2 calls on SoundHound AI and long September 2024 $630 calls on Nvidia. The Motley Fool has positions in and recommends Microsoft, Nvidia, Palantir Technologies, and UiPath. 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. | What started with hand-wringing and fear finished with the Dow Jones Industrial Average and S&P 500 indexes near record highs and the Nasdaq Composite not too far behind. The valuation is lower than other growing AI companies, such as Palantir Technologies, at 19 times sales, but the long-term prospects will ultimately come down to execution. Still, there are several ways that investors can profit, including excellent execution that grows sales rapidly or the potential that a larger company loves the technology and makes an acquisition offer. | On the financial front, UiPath reached $1.4 billion in annual recurring revenue (ARR) last quarter, with ARR growth of 24% year over year. SoundHound AI is a stock to keep an eye on Another company offering practical solutions is SoundHound AI (NASDAQ: SOUN). Before you buy stock in UiPath, 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 UiPath wasn't one of them. | SoundHound AI is a stock to keep an eye on Another company offering practical solutions is SoundHound AI (NASDAQ: SOUN). Before you buy stock in UiPath, 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 UiPath wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 11, 2023 Bradley Guichard has positions in Nvidia and UiPath and has the following options: long January 2025 $2 calls on SoundHound AI and long September 2024 $630 calls on Nvidia. | UiPath offers real-world AI solutions Think about the last time you called a customer service line. SoundHound AI is a stock to keep an eye on Another company offering practical solutions is SoundHound AI (NASDAQ: SOUN). Before you buy stock in UiPath, 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 UiPath wasn't one of them. | b4fdc7f9-ce98-451b-b132-8a252259a2ec |
711049.0 | 2023-12-16 00:00:00 UTC | Could Snowflake Stock Help You Become a Millionaire? | DCOMP | https://www.nasdaq.com/articles/could-snowflake-stock-help-you-become-a-millionaire-2 | nan | nan | Everyone wants life-changing investments. Of course, they're not easy to find. Legendary investor Peter Lynch once compared investing to turning over rocks, believing the person who turned over the most won. Lynch's analogy was just another way of emphasizing the importance of diversifying your portfolio. Another investing tip Lynch emphasized was that winning stocks generally have things in common.
A massive runway for many years of growth is one such commonality. Data platform Snowflake (NYSE: SNOW) scores well in that regard. The company is a behind-the-scenes cog of an artificial intelligence (AI) revolution that could create dramatic wealth for people over the coming years. Let me explain.
Snowflake's role in artificial intelligence
Most AI models need two primary ingredients: computing power and data to analyze. Snowflake is a cloud-based platform offering data storage and analytics. Data is vital in developing a robust AI model, but most companies don't know how to organize, secure, or analyze the mounds of data they gather from their operations. It's often gathered in multiple formats and/or stored on multiple systems that don't always sync well.
Snowflake solves these problems. Companies can dump their various data into Snowflake's servers, where it's organized and stored by the platform. Users can then run queries to find what they want from their data. Additionally, Snowflake has built a marketplace where customers can share and purchase third-party data.
For AI, that means building more extensive and more usable data sets. Better data means better-trained AI models. Snowflake recently began integrating generative AI into its platform. It acquired three companies to help flesh out its AI features:
Neeva, an advanced search engine for querying data.
Streamlit, a developer platform for building and testing AI apps.
Applica, which uses machine learning to sort data.
Snowflake wants to use AI to help its customers maximize the value of their data by guiding them to the right data and insights, instead of leaving customers to take shots in the dark.
Snowflake has a business model built for long-term growth
That's all good, but investors want to see how Snowflake's technology translates to investment returns. Fortunately, Snowflake's business model is built with long-term growth in mind. For example, Snowflake charges on a usage basis. It separates storage and computing resources and charges for what's used, letting customers scale up and down as needed.
But this works in Snowflake's favor over time because data is exponentially growing. Did you know the world created, copied, and consumed two zettabytes by 2010? That's grown 60-fold as of 2023, hitting 120 zettabytes. That will grow to roughly 181 by 2025, just two years later. How much data will the world use by 2030? 2040? 2050?
The usage-based billing means that while growth will fluctuate at times, it will almost assuredly head higher over time. That is reflected in Snowflake's fantastic 135% net revenue retention (NRR) rate, which means Snowflake customers spend increasing amounts on the platform. Additionally, the company's customer count grew 23% year over year in the fiscal third quarter of 2024, ended Oct. 31, 2023, to 8,907.
Nine thousand businesses is nothing. Will every company need Snowflake's services? Probably not, but considering there are 333 million companies worldwide, that's likely years of customer growth without running out of real estate.
Putting numbers to it
Snowflake has only been public for three years, but a lot has happened in that time. The economic climate has changed significantly. You can see below that the Federal Open Market Committee's aggressive rate hikes to slow inflation coincided with dramatically slowing revenue growth for Snowflake. Customers are more cautious about spending. Management has pointed this out in earnings calls.
Declining market sentiment and slowing growth have acted as gravity, pulling Snowflake's valuation back to earth. Its price-to-sales ratio was once over 175, an irresponsible valuation for anyone to pay, down to roughly 25 times revenue. That's still not cheap, but it's at least realistic.
SNOW PS Ratio data by YCharts
Will growth speed back up? One could argue that it will as rates eventually ease and companies spend more. But even if revenue never grows at triple digits again, the long-term direction is still up because of the discussions above. Analysts believe Snowflake's revenue will grow from under $3 billion to over $17 billion over the next eight years.
Even if you cut Snowflake's P/S ratio in half again, to 12, that's a market cap of $204 billion based on 2031 revenue estimates. Snowflake is worth $65 billion today, so that's an over threefold return in just over seven years. A trillion-dollar market cap isn't impossible if AI and big data become a multidecade growth story.
A highflier like Snowflake in a diversified portfolio? Yep, that growth will help any long-term investor become a millionaire.
Should you invest $1,000 in Snowflake right now?
Before you buy stock in Snowflake, 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 Snowflake 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
Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Snowflake. 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. | The company is a behind-the-scenes cog of an artificial intelligence (AI) revolution that could create dramatic wealth for people over the coming years. Snowflake's role in artificial intelligence Most AI models need two primary ingredients: computing power and data to analyze. Declining market sentiment and slowing growth have acted as gravity, pulling Snowflake's valuation back to earth. | Fortunately, Snowflake's business model is built with long-term growth in mind. That is reflected in Snowflake's fantastic 135% net revenue retention (NRR) rate, which means Snowflake customers spend increasing amounts on the platform. Before you buy stock in Snowflake, 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 Snowflake wasn't one of them. | Snowflake wants to use AI to help its customers maximize the value of their data by guiding them to the right data and insights, instead of leaving customers to take shots in the dark. Snowflake has a business model built for long-term growth That's all good, but investors want to see how Snowflake's technology translates to investment returns. Before you buy stock in Snowflake, 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 Snowflake wasn't one of them. | Another investing tip Lynch emphasized was that winning stocks generally have things in common. Better data means better-trained AI models. Snowflake has a business model built for long-term growth That's all good, but investors want to see how Snowflake's technology translates to investment returns. | 677983a0-1e91-4b40-b3a2-62a99a0016a7 |
711050.0 | 2023-12-16 00:00:00 UTC | Caterpillar (CAT) Stock Sinks As Market Gains: Here's Why | DCOMP | https://www.nasdaq.com/articles/caterpillar-cat-stock-sinks-as-market-gains%3A-heres-why | nan | nan | Caterpillar (CAT) ended the recent trading session at $285.71, demonstrating a -0.01% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of Caterpillar in its upcoming release. The company's upcoming EPS is projected at $4.76, signifying a 23.32% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.26 billion, indicating a 3.97% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $20.58 per share and a revenue of $67.25 billion, representing changes of +48.7% and +13.16%, respectively, from the prior year.
Any recent changes to analyst estimates for Caterpillar should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. Caterpillar is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Caterpillar is currently trading at a Forward P/E ratio of 13.89. This valuation marks a premium compared to its industry's average Forward P/E of 10.08.
We can also see that CAT currently has a PEG ratio of 1.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Manufacturing - Construction and Mining industry was having an average PEG ratio of 0.96.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 230, placing it within the bottom 9% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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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. | Caterpillar (CAT) ended the recent trading session at $285.71, demonstrating a -0.01% swing from the preceding day's closing price. Meanwhile, the latest consensus estimate predicts the revenue to be $17.26 billion, indicating a 3.97% increase compared to the same quarter of the previous year. 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%. | Meanwhile, the latest consensus estimate predicts the revenue to be $17.26 billion, indicating a 3.97% increase compared to the same quarter of the previous year. As the market closed yesterday, the Manufacturing - Construction and Mining industry was having an average PEG ratio of 0.96. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. At present, this industry carries a Zacks Industry Rank of 230, placing it within the bottom 9% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. | Caterpillar (CAT) ended the recent trading session at $285.71, demonstrating a -0.01% swing from the preceding day's closing price. The investment community will be paying close attention to the earnings performance of Caterpillar in its upcoming release. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 772c20fc-550c-4efd-8fc3-43f562120e6c |
711051.0 | 2023-12-16 00:00:00 UTC | American International Group Inc Shares Approach 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/american-international-group-inc-shares-approach-52-week-high-market-mover-6 | nan | nan | American International Group Inc (AIG) shares closed today at 0.4% below its 52 week high of $67.69, giving the company a market cap of $46B. The stock is currently up 7.7% year-to-date, up 8.9% over the past 12 months, and up 103.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 24.4% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 189.2%
The company's stock price performance over the past 12 months beats the peer average by 73.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -174.7% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | American International Group Inc (AIG) shares closed today at 0.4% below its 52 week high of $67.69, giving the company a market cap of $46B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 189.2% The company's stock price performance over the past 12 months beats the peer average by 73.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -174.7% higher than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. MACD, a trend-following momentum indicator, indicates a downward trend. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 189.2% The company's stock price performance over the past 12 months beats the peer average by 73.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -174.7% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 189.2% The company's stock price performance over the past 12 months beats the peer average by 73.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -174.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 189.2% The company's stock price performance over the past 12 months beats the peer average by 73.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -174.7% higher than the average peer. | 26a4d476-ec59-4b26-846b-43971df528d2 |
711052.0 | 2023-12-16 00:00:00 UTC | Nippon Steel shares drop 5% after announcing $14.9 bln US Steel acquisition | DCOMP | https://www.nasdaq.com/articles/nippon-steel-shares-drop-5-after-announcing-%2414.9-bln-us-steel-acquisition | nan | nan | TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T shares sank nearly 5% early on Tuesday after it clinched a deal to buy U.S. Steel X.N for $14.9 billion in cash.
The shares were trading around 3,085 yen, down 4.7% from Monday's close, after being untraded with a glut of sellers after the open.
The acquisition of U.S. Steel, which prevailed in an auction for the steel giant over rivals including Cleveland-Cliffs, will help Nippon Steel move toward 100 million metric tons of global crude steel capacity.
The Japanese company has not given any projection on the value of the synergies that will arise from the deal, but it is scheduled to hold a media briefing on Tuesday morning where the company's president is expected to appear.
(Reporting by Mariko Katsumura; Editing by Jacqueline Wong)
((Mariko.Katsumura@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. | The shares were trading around 3,085 yen, down 4.7% from Monday's close, after being untraded with a glut of sellers after the open. The Japanese company has not given any projection on the value of the synergies that will arise from the deal, but it is scheduled to hold a media briefing on Tuesday morning where the company's president is expected to appear. (Reporting by Mariko Katsumura; Editing by Jacqueline Wong) ((Mariko.Katsumura@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. | TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T shares sank nearly 5% early on Tuesday after it clinched a deal to buy U.S. Steel X.N for $14.9 billion in cash. The acquisition of U.S. Steel, which prevailed in an auction for the steel giant over rivals including Cleveland-Cliffs, will help Nippon Steel move toward 100 million metric tons of global crude steel capacity. (Reporting by Mariko Katsumura; Editing by Jacqueline Wong) ((Mariko.Katsumura@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. | TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T shares sank nearly 5% early on Tuesday after it clinched a deal to buy U.S. Steel X.N for $14.9 billion in cash. The acquisition of U.S. Steel, which prevailed in an auction for the steel giant over rivals including Cleveland-Cliffs, will help Nippon Steel move toward 100 million metric tons of global crude steel capacity. (Reporting by Mariko Katsumura; Editing by Jacqueline Wong) ((Mariko.Katsumura@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. | TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T shares sank nearly 5% early on Tuesday after it clinched a deal to buy U.S. Steel X.N for $14.9 billion in cash. The shares were trading around 3,085 yen, down 4.7% from Monday's close, after being untraded with a glut of sellers after the open. The acquisition of U.S. Steel, which prevailed in an auction for the steel giant over rivals including Cleveland-Cliffs, will help Nippon Steel move toward 100 million metric tons of global crude steel capacity. | e17225e4-bb66-4751-851c-6322496a8511 |
711053.0 | 2023-12-16 00:00:00 UTC | Companhia Siderurgica Nacional - ADR Shares Climb 0.8% Past Previous 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/companhia-siderurgica-nacional-adr-shares-climb-0.8-past-previous-52-week-high-market | nan | nan | Companhia Siderurgica Nacional - ADR (SID) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $4B. The stock is currently up 53.3% year-to-date, up 61.5% over the past 12 months, and up 130.8% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 2.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 52.5%
The company's stock price performance over the past 12 months beats the peer average by 58.3%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Companhia Siderurgica Nacional - ADR (SID) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. The stock closed below its Bollinger band, indicating it may be oversold. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 52.5% The company's stock price performance over the past 12 months beats the peer average by 58.3% | Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 52.5% The company's stock price performance over the past 12 months beats the peer average by 58.3% This story was produced by the Kwhen Automated News Generator. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 52.5% The company's stock price performance over the past 12 months beats the peer average by 58.3% | bec1dcbf-94dd-4e55-baaf-6da867f09210 |
711054.0 | 2023-12-16 00:00:00 UTC | Nucor Corp. Shares Close in on 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/nucor-corp.-shares-close-in-on-52-week-high-market-mover | nan | nan | Nucor Corp. (NUE) shares closed today at 1.7% below its 52 week high of $180.89, giving the company a market cap of $42B. The stock is currently up 33.5% year-to-date, up 32.2% over the past 12 months, and up 257.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 19.0% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -35.2%
The company's stock price performance over the past 12 months lags the peer average by -38.4%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -319.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Nucor Corp. (NUE) shares closed today at 1.7% below its 52 week high of $180.89, giving the company a market cap of $42B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -35.2% The company's stock price performance over the past 12 months lags the peer average by -38.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -319.3% higher than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 19.0% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -35.2% The company's stock price performance over the past 12 months lags the peer average by -38.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -319.3% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -35.2% The company's stock price performance over the past 12 months lags the peer average by -38.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -319.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -35.2% The company's stock price performance over the past 12 months lags the peer average by -38.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -319.3% higher than the average peer. | 5ebf204a-dfa1-4c5b-b500-87bbc4e2bc30 |
711055.0 | 2023-12-16 00:00:00 UTC | Cloudflare Inc - Class A Shares Approach 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/cloudflare-inc-class-a-shares-approach-52-week-high-market-mover-0 | nan | nan | Cloudflare Inc - Class A (NET) shares closed today at 0.1% below its 52 week high of $85.60, giving the company a market cap of $25B. The stock is currently up 87.3% year-to-date, up 78.2% over the past 12 months, and up 370.6% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 31.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 2.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 532.1%
The company's stock price performance over the past 12 months beats the peer average by 501.1%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Cloudflare Inc - Class A (NET) shares closed today at 0.1% below its 52 week high of $85.60, giving the company a market cap of $25B. Beta, a measure of the stock’s volatility relative to the overall market stands at 2.7. The stock closed below its Bollinger band, indicating it may be oversold. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 532.1% The company's stock price performance over the past 12 months beats the peer average by 501.1% | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 532.1% The company's stock price performance over the past 12 months beats the peer average by 501.1% This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 532.1% The company's stock price performance over the past 12 months beats the peer average by 501.1% | f8320ff7-61fe-46a1-bf8f-87ad19c9eed6 |
711056.0 | 2023-12-16 00:00:00 UTC | Wipro Ltd. - ADR Shares Approach 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/wipro-ltd.-adr-shares-approach-52-week-high-market-mover | nan | nan | Wipro Ltd. - ADR (WIT) shares closed today at 1.1% below its 52 week high of $5.32, giving the company a market cap of $27B. The stock is currently up 14.2% year-to-date, up 16.2% over the past 12 months, and up 39.8% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 8.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.6.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -35.9%
The company's stock price performance over the past 12 months lags the peer average by -31.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -11.1% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Wipro Ltd. - ADR (WIT) shares closed today at 1.1% below its 52 week high of $5.32, giving the company a market cap of $27B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.6. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -35.9% The company's stock price performance over the past 12 months lags the peer average by -31.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -11.1% lower than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 8.0% lower than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -35.9% The company's stock price performance over the past 12 months lags the peer average by -31.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -11.1% lower than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -35.9% The company's stock price performance over the past 12 months lags the peer average by -31.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -11.1% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -35.9% The company's stock price performance over the past 12 months lags the peer average by -31.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -11.1% lower than the average peer. | a0ec460a-cb77-4ec9-8221-fae0f1c3998c |
711057.0 | 2023-12-16 00:00:00 UTC | Dream Finders Homes Inc - Class A Shares Climb 8.3% Past Previous 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/dream-finders-homes-inc-class-a-shares-climb-8.3-past-previous-52-week-high-market-mover | nan | nan | Dream Finders Homes Inc - Class A (DFH) shares closed 8.3% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 265.6% year-to-date, up 237.9% over the past 12 months, and up 51.1% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 12.7% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.7.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Dream Finders Homes Inc - Class A (DFH) shares closed 8.3% higher than its previous 52 week high, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.7. The stock closed below its Bollinger band, indicating it may be oversold. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance | Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance This story was produced by the Kwhen Automated News Generator. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance | 596bcdf8-0b84-41bd-bf6b-cb4ff867c044 |
711058.0 | 2023-12-16 00:00:00 UTC | MI Homes Inc. Shares Climb 1.5% Past Previous 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/mi-homes-inc.-shares-climb-1.5-past-previous-52-week-high-market-mover | nan | nan | MI Homes Inc. (MHO) shares closed 1.5% higher than its previous 52 week high, giving the company a market cap of $3B. The stock is currently up 166.2% year-to-date, up 161.0% over the past 12 months, and up 438.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 1.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 61.9%
The company's stock price performance over the past 12 months beats the peer average by 70.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -19.4% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | MI Homes Inc. (MHO) shares closed 1.5% higher than its previous 52 week high, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 61.9% The company's stock price performance over the past 12 months beats the peer average by 70.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -19.4% lower than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 1.9% lower than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 61.9% The company's stock price performance over the past 12 months beats the peer average by 70.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -19.4% lower than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 61.9% The company's stock price performance over the past 12 months beats the peer average by 70.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -19.4% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 61.9% The company's stock price performance over the past 12 months beats the peer average by 70.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -19.4% lower than the average peer. | 8158048c-7ba9-4809-b199-8fd68558b3c6 |
711059.0 | 2023-12-16 00:00:00 UTC | 7 Stocks to Buy if You’re Bullish on the Energy Sector | DCOMP | https://www.nasdaq.com/articles/7-stocks-to-buy-if-youre-bullish-on-the-energy-sector | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
This is an interesting time to be investing in energy stocks.
If you’re a frequent driver (who hasn’t switched to electric vehicles) you’ve surely noticed falling gasoline prices. Gasoline prices are actually down 19% from September and are at their lowest levels in 2023.
Crude oil prices have been falling for seven consecutive weeks, hampered by record U.S. oil production and a weakening Chinese economy. While that’s got to thrill drivers, it’s not so great for energy stocks.
Lower oil prices mean lower revenues and less profits, and that’s a recipe for lower stock prices. So even while the stock market is at all-time highs now, this can be a perilous time for energy stocks.
That’s not to say that energy stocks are off-limits. There are several great names out there that are still getting high marks in the Portfolio Grader. If you’re an investor bullish about the energy sector, these names may be great buys right now.
Profire Energy (PFIE)
Source: Shutterstock
You could argue that Profire Energy (NASDAQ:PFIE) is one of the most important energy stocks on the market. And that’s a neat trick, considering it doesn’t drill for oil or gas.
Instead, Profire designs burner and combustion management systems for oilfield and gas companies. Its products help companies control startups and shutdowns and monitor temperatures.
It’s incredibly important and dangerous work, as oil and gas are extremely flammable, and it would be pretty easy for things to get out of control, with deadly consequences.
That’s why I’m not overly worried about Profire even as oil and gas prices fall. Revenue in the third quarter remained strong at $14.8 million, up 16% from a year ago. The company also recorded a gross profit of $7.5 million, which was an increase of 22% from the same quarter a year ago.
PFIE stock is up 51% this year and gets an “A” rating in the Portfolio Grader.
Tidewater (TDW)
Source: Shutterstock
Tidewater (NYSE:TDW) is a Houston-based petroleum service company. It operates a fleet of offshore support vessels that provide support offshore to energy exploration and production efforts.
Tidewater offers services for offshore platform maintenance and operation, including platform supply, anchoring, towing, and tug operation.
The company is having a strong year. Revenue in the third quarter was $299.2 million, a marked increase from a year ago when revenue was $191.7 million. That resulted in an income of $26.1 million or 49 cents per share, versus only $5.3 million and 10 cents per share a year ago.
Tidewater says it is seeing inflated profits because of a global supply shortage of large and small offshore vessels needed to service platforms. Investors can only hope that trend continues into the fourth quarter and into 2024.
TDW stock is up 70% in 2023 and gets an “A” rating in the Portfolio Grader.
Noble Corporation (NE)
Source: zhengzaishuru / Shutterstock.com
Noble Corporation (NYSE:NE) is a London-based offshore drilling contractor. It operates worldwide, with ships currently stationed in Ghana, Malaysia, the Netherlands, the Gulf of Mexico, Argentina, Denmark and more.
Earnings and revenue have been flourishing in recent quarters and the company has plenty of work on its plate. Noble brought in $240 million in new contracts in the third quarter, giving it a current backlog of work valued at $4.7 billion.
Revenue in the third quarter was $697 million, up from $306 million a year ago. That resulted in a net income of $158 million or $1.09 per share, versus $41 million and 41 cents per share in the same quarter of 2022.
The strong year prompted Noble to increase its full-year guidance to a revenue range of $2.5 billion to $2.6 billion. Previously, guidance was for a range of $2.35 billion to $2.55 billion.
NE stock is up 19% this year and gets a “B” rating in the Portfolio Grader.
Helix Energy Solutions (HLX)
Source: Shutterstock
Helix Energy Solutions (NYSE:HLX) is also based in Houston. The company is a global offshore energy services company that works with offshore oil operators.
Besides an emphasis on increasing efficiency and maximizing the extraction of oil and gas reserves, Helix’s services also include serving as a full-field abandonment contractor to take over and shut down platforms that are winding down. It also provides support services to offshore wind farm developments.
Revenues have been up sharply over the last year. In the third quarter, Helix reported revenue of $395.6 million, versus just $272.5 million a year ago. For the first nine months of the year, revenues of $954.5 million are an improvement over last year’s $585.2 million in the same period.
Helix also recorded a profit of $15.5 million for the quarter versus a loss of $18.7 million in the same quarter last year.
HLX stock is up 38% this year and gets a “B” rating in the Portfolio Grader.
Baker Hughes Co. (BKR)
Source: JHVEPhoto / Shutterstock.com
Baker Hughes Co. (NYSE:BKR) is another oilfield services company with a global footprint. Baker Hughes operates in over 120 countries globally.
It provides oilfield services for onshore and offshore operations, including exploration, construction, operation and decommissioning. Its technology division provides equipment such as pumps, valves, gears, sensors and software for industrial uses.
Baker Hughes also is diversified, with products that support natural gas storage and transportation, carbon capture and hydrogen storage.
The third quarter continued the company’s performance in 2023, with revenues of $6.6 billion jumping 24% from a year ago. Adjusted net income of $427 million was up $163 million from a year ago.
The company received $8.5 billion in orders for the quarter, including new work in Angola, the North Sea and the Middle East.
BKR stock is up 13% this year and gets a “B” rating in the Portfolio Grader.
Oceaneering International (OII)
Source: shutterstock.com/Opsorman
Oceaneering International (NYSE:OII) serves offshore energy operators by providing engineered products ranging from remotely operated underwater vehicles to sub-sea hardware and project management. The company has over 250 remote vehicles in its fleet to service customer projects.
Its products provide companies with ways to inspect deepwater pipelines, test and map areas of corrosion and map ocean floors, among other services.
Besides oil and gas projects, the company also supports projects to install offshore wind turbine projects, giving it another revenue stream as companies look to reduce their carbon footprints by investing in clean energy.
Revenue in the third quarter was $635.1 million, up from $559.6 million a year ago. Income was $29.8 million, or 29 cents per share, versus $18.3 million and 18 cents per share in the same quarter a year ago.
OII stock is up 16% in 2023 and gets a “B” rating in the Portfolio Grader.
Genesis Energy (GEL)
Source: Shutterstock
Genesis Energy (NYSE:GEL) is a midstream energy company. It operates the pipelines and transmission lines, allowing oil, gas and electricity to travel from the source to homes and businesses. The company has 2,400 miles of oil pipelines in the Gulf of Mexico to refineries in Louisiana and Texas.
It also has soda ash production facilities in Wyoming and a sulfur services business that treats, processes and repurposes sour gas streams.
Finally, Genesis maintains a network of onshore pipelines and a fleet of boats and barges to transport crude oil and refined products.
Revenue in the third quarter was $807.6 million, up from $721.2 million a year ago. That resulted in net income of $35.7 million, or 29 cents per share, which was a massive improvement from the company’s loss of $15.3 million and 12 cents per share a year ago.
GEL stock is up 16% this year and gets a “B” rating in the Portfolio Grader.
On the date of publication, Louis Navellier had a long position in PFIE. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article.
The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
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The post 7 Stocks to Buy if You’re Bullish on the Energy Sector appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Besides an emphasis on increasing efficiency and maximizing the extraction of oil and gas reserves, Helix’s services also include serving as a full-field abandonment contractor to take over and shut down platforms that are winding down. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Stocks to Buy if You’re Bullish on the Energy Sector appeared first on InvestorPlace. | Helix Energy Solutions (HLX) Source: Shutterstock Helix Energy Solutions (NYSE:HLX) is also based in Houston. Baker Hughes Co. (BKR) Source: JHVEPhoto / Shutterstock.com Baker Hughes Co. (NYSE:BKR) is another oilfield services company with a global footprint. Oceaneering International (OII) Source: shutterstock.com/Opsorman Oceaneering International (NYSE:OII) serves offshore energy operators by providing engineered products ranging from remotely operated underwater vehicles to sub-sea hardware and project management. | Revenue in the third quarter was $299.2 million, a marked increase from a year ago when revenue was $191.7 million. The company is a global offshore energy services company that works with offshore oil operators. Besides oil and gas projects, the company also supports projects to install offshore wind turbine projects, giving it another revenue stream as companies look to reduce their carbon footprints by investing in clean energy. | That’s why I’m not overly worried about Profire even as oil and gas prices fall. The company is a global offshore energy services company that works with offshore oil operators. The third quarter continued the company’s performance in 2023, with revenues of $6.6 billion jumping 24% from a year ago. | 86fdfba9-f849-4e85-a58d-e4a71e3552a7 |
711060.0 | 2023-12-16 00:00:00 UTC | Genworth Financial Inc - Class A Shares Climb 1.4% Past Previous 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/genworth-financial-inc-class-a-shares-climb-1.4-past-previous-52-week-high-market-mover | nan | nan | Genworth Financial Inc - Class A (GNW) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $2B. The stock is currently up 22.1% year-to-date, up 26.7% over the past 12 months, and up 51.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 23.6% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 784.0%
The company's stock price performance over the past 12 months beats the peer average by 550.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -56.5% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Genworth Financial Inc - Class A (GNW) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $2B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 784.0% The company's stock price performance over the past 12 months beats the peer average by 550.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -56.5% lower than the average peer. | Genworth Financial Inc - Class A (GNW) shares closed 1.4% higher than its previous 52 week high, giving the company a market cap of $2B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 784.0% The company's stock price performance over the past 12 months beats the peer average by 550.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -56.5% lower than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 784.0% The company's stock price performance over the past 12 months beats the peer average by 550.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -56.5% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Trading Activity Trading volume this week was 23.6% higher than the 20-day average. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 784.0% The company's stock price performance over the past 12 months beats the peer average by 550.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -56.5% lower than the average peer. | 2f6a4689-dc24-4c2a-9522-33216dfe9397 |
711061.0 | 2023-12-16 00:00:00 UTC | Tri-Continental Corp. Shares Climb 0.8% Past Previous 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/tri-continental-corp.-shares-climb-0.8-past-previous-52-week-high-market-mover | nan | nan | Tri-Continental Corp. (TY) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 14.8% year-to-date, up 13.1% over the past 12 months, and up 67.1% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 11.2% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Tri-Continental Corp. (TY) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. The stock closed below its Bollinger band, indicating it may be oversold. | Tri-Continental Corp. (TY) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis | Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis This story was produced by the Kwhen Automated News Generator. | Tri-Continental Corp. (TY) shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 14.8% year-to-date, up 13.1% over the past 12 months, and up 67.1% over the past five years. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. | e0398725-206f-495f-bf56-a8b0179fac40 |
711062.0 | 2023-12-16 00:00:00 UTC | OFG Bancorp Shares Approach 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/ofg-bancorp-shares-approach-52-week-high-market-mover-1 | nan | nan | OFG Bancorp (OFG) shares closed today at 1.1% below its 52 week high of $38.21, giving the company a market cap of $1B. The stock is currently up 37.4% year-to-date, up 47.2% over the past 12 months, and up 165.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 49.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 501.7%
The company's stock price performance over the past 12 months beats the peer average by 380.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -12.0% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 501.7% The company's stock price performance over the past 12 months beats the peer average by 380.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -12.0% lower than the average peer. | OFG Bancorp (OFG) shares closed today at 1.1% below its 52 week high of $38.21, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 501.7% The company's stock price performance over the past 12 months beats the peer average by 380.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -12.0% lower than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 501.7% The company's stock price performance over the past 12 months beats the peer average by 380.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -12.0% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 501.7% The company's stock price performance over the past 12 months beats the peer average by 380.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -12.0% lower than the average peer. | 948ad7e7-a477-4bd1-abd1-4b5f550d3673 |
711063.0 | 2023-12-16 00:00:00 UTC | Citigroup Inc Shares Close in on 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/citigroup-inc-shares-close-in-on-52-week-high-market-mover | nan | nan | Citigroup Inc (C) shares closed today at 1.2% below its 52 week high of $51.55, giving the company a market cap of $95B. The stock is currently up 14.9% year-to-date, up 17.1% over the past 12 months, and up 10.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 8.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -26.7%
The company's stock price performance over the past 12 months lags the peer average by -30.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -3.6% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Citigroup Inc (C) shares closed today at 1.2% below its 52 week high of $51.55, giving the company a market cap of $95B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -26.7% The company's stock price performance over the past 12 months lags the peer average by -30.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -3.6% lower than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 8.0% lower than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -26.7% The company's stock price performance over the past 12 months lags the peer average by -30.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -3.6% lower than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -26.7% The company's stock price performance over the past 12 months lags the peer average by -30.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -3.6% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -26.7% The company's stock price performance over the past 12 months lags the peer average by -30.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -3.6% lower than the average peer. | 19d15879-a2e9-46cc-88bc-ef6666b77735 |
711064.0 | 2023-12-16 00:00:00 UTC | Arista Networks Inc Shares Near 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/arista-networks-inc-shares-near-52-week-high-market-mover-6 | nan | nan | Arista Networks Inc (ANET) shares closed today at 1.4% below its 52 week high of $240.01, giving the company a market cap of $74B. The stock is currently up 96.8% year-to-date, up 93.1% over the past 12 months, and up 350.4% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 5.0% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 934.3%
The company's stock price performance over the past 12 months beats the peer average by 840.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 257.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Arista Networks Inc (ANET) shares closed today at 1.4% below its 52 week high of $240.01, giving the company a market cap of $74B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 934.3% The company's stock price performance over the past 12 months beats the peer average by 840.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 257.6% higher than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 5.0% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 934.3% The company's stock price performance over the past 12 months beats the peer average by 840.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 257.6% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 934.3% The company's stock price performance over the past 12 months beats the peer average by 840.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 257.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 934.3% The company's stock price performance over the past 12 months beats the peer average by 840.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 257.6% higher than the average peer. | 02aaf9e9-55ba-4afb-9045-e4590d0cc974 |
711065.0 | 2023-12-16 00:00:00 UTC | Synchrony Financial Shares Climb 0.2% Past Previous 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/synchrony-financial-shares-climb-0.2-past-previous-52-week-high-market-mover | nan | nan | Synchrony Financial (SYF) shares closed 0.2% higher than its previous 52 week high, giving the company a market cap of $15B. The stock is currently up 17.8% year-to-date, up 16.5% over the past 12 months, and up 82.9% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 10.8% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 10.4%
The company's stock price performance over the past 12 months lags the peer average by -0.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.2% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Synchrony Financial (SYF) shares closed 0.2% higher than its previous 52 week high, giving the company a market cap of $15B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 10.4% The company's stock price performance over the past 12 months lags the peer average by -0.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.2% lower than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 10.8% lower than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 10.4% The company's stock price performance over the past 12 months lags the peer average by -0.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.2% lower than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 10.4% The company's stock price performance over the past 12 months lags the peer average by -0.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.2% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 10.4% The company's stock price performance over the past 12 months lags the peer average by -0.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -68.2% lower than the average peer. | 40a228c3-3de7-4650-a45b-914505d85b8c |
711066.0 | 2023-12-16 00:00:00 UTC | Brinker International, Inc. Shares Approach 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/brinker-international-inc.-shares-approach-52-week-high-market-mover | nan | nan | Brinker International, Inc. (EAT) shares closed today at 1.9% below its 52 week high of $42.52, giving the company a market cap of $1B. The stock is currently up 28.7% year-to-date, up 15.9% over the past 12 months, and down 11.3% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 22.6% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Communication Services industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 47.2%
The company's stock price performance over the past 12 months beats the peer average by 136.7%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 7.7% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Brinker International, Inc. (EAT) shares closed today at 1.9% below its 52 week high of $42.52, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Communication Services industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 47.2% The company's stock price performance over the past 12 months beats the peer average by 136.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 7.7% higher than the average peer. | Brinker International, Inc. (EAT) shares closed today at 1.9% below its 52 week high of $42.52, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Communication Services industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 47.2% The company's stock price performance over the past 12 months beats the peer average by 136.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 7.7% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Communication Services industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 47.2% The company's stock price performance over the past 12 months beats the peer average by 136.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 7.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Communication Services industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 47.2% The company's stock price performance over the past 12 months beats the peer average by 136.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 7.7% higher than the average peer. | 6b524e60-b45c-44de-9ef9-46656321f70c |
711067.0 | 2023-12-16 00:00:00 UTC | Energy stocks lift Australia shares as investor optimism sustains | DCOMP | https://www.nasdaq.com/articles/energy-stocks-lift-australia-shares-as-investor-optimism-sustains | nan | nan | Dec 19 (Reuters) - Australian shares recovered on Tuesday led by energy stocks, as investors absorbed mixed signals from U.S. Federal Reserve officials about interest rate cut expectations in 2024.
The S&P/ASX 200 index .AXJO rose 0.2% to 7,438.8 by 2320 GMT. The benchmark ended 0.2% lower on Monday.
Starting last week, a number of Fed officials made comments that watered down expectations of how abruptly the U.S. central bank would pivot to rate cuts.
These comments landed after investors celebrated the dovish remarks from Fed Chair Jerome Powell when the central bank's year-end monetary policy meeting ended with a rate hold and signals of rate cuts in 2024.
In Sydney, energy stocks .AXEJ drove gains on the benchmark, jumping 0.9%, in line with global gains in oil prices. O/R
Shares of top energy firms Woodside Energy WDS.AX and Santos STO.AX were up 1.0% and 0.3%, respectively.
Gold index .AXGD was up 0.6% as bullion prices rose, with shares of Northern Star Resources NST.AX up 0.8. GOL/
The heavyweight mining index .AXMM inched up 0.2%, with Fortescue FMG.AX and Rio Tinto RIO.AX rising 0.9% and 0.3%, respectively.
Technology stocks .AXIJ followed the upward move on the benchmark and climbed 0.2%, tracking overnight gains in their Wall Street peers. Shares of Xero XRO.AX traded 1.5% higher.
Azure Minerals AZS.AX rose as much as 2.2% after the lithium developer received a sweetened takeover offer from Chile's SQM SQMA.SN and Hancock Prospecting, implying an equity value of A$1.70 billion ($1.14 billion) for Azure.
Investors now await U.S. data on core personal consumption expenditure (PCE) index due on Dec. 22 for cues about the Fed's future policy decisions.
New Zealand's benchmark S&P/NZX 50 index .NZ50 traded marginally higher by 0.1% to 11,553.1.
($1 = 1.4916 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Rashmi Aich)
((Adwitiya.Srivastava@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) - Australian shares recovered on Tuesday led by energy stocks, as investors absorbed mixed signals from U.S. Federal Reserve officials about interest rate cut expectations in 2024. Starting last week, a number of Fed officials made comments that watered down expectations of how abruptly the U.S. central bank would pivot to rate cuts. Investors now await U.S. data on core personal consumption expenditure (PCE) index due on Dec. 22 for cues about the Fed's future policy decisions. | Dec 19 (Reuters) - Australian shares recovered on Tuesday led by energy stocks, as investors absorbed mixed signals from U.S. Federal Reserve officials about interest rate cut expectations in 2024. These comments landed after investors celebrated the dovish remarks from Fed Chair Jerome Powell when the central bank's year-end monetary policy meeting ended with a rate hold and signals of rate cuts in 2024. New Zealand's benchmark S&P/NZX 50 index .NZ50 traded marginally higher by 0.1% to 11,553.1. | Dec 19 (Reuters) - Australian shares recovered on Tuesday led by energy stocks, as investors absorbed mixed signals from U.S. Federal Reserve officials about interest rate cut expectations in 2024. These comments landed after investors celebrated the dovish remarks from Fed Chair Jerome Powell when the central bank's year-end monetary policy meeting ended with a rate hold and signals of rate cuts in 2024. In Sydney, energy stocks .AXEJ drove gains on the benchmark, jumping 0.9%, in line with global gains in oil prices. | Dec 19 (Reuters) - Australian shares recovered on Tuesday led by energy stocks, as investors absorbed mixed signals from U.S. Federal Reserve officials about interest rate cut expectations in 2024. The S&P/ASX 200 index .AXJO rose 0.2% to 7,438.8 by 2320 GMT. In Sydney, energy stocks .AXEJ drove gains on the benchmark, jumping 0.9%, in line with global gains in oil prices. | ad431de5-9a5e-404f-ab68-17177750fd80 |
711068.0 | 2023-12-16 00:00:00 UTC | Trane Technologies plc - Class A Shares Climb 0.2% Past Previous 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/trane-technologies-plc-class-a-shares-climb-0.2-past-previous-52-week-high-market-mover | nan | nan | Trane Technologies plc - Class A (TT) shares closed 0.2% higher than its previous 52 week high, giving the company a market cap of $54B. The stock is currently up 45.1% year-to-date, up 43.2% over the past 12 months, and up 159.4% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 34.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 112.2%
The company's stock price performance over the past 12 months beats the peer average by 114.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 287.1% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Trane Technologies plc - Class A (TT) shares closed 0.2% higher than its previous 52 week high, giving the company a market cap of $54B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 112.2% The company's stock price performance over the past 12 months beats the peer average by 114.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 287.1% higher than the average peer. | Trane Technologies plc - Class A (TT) shares closed 0.2% higher than its previous 52 week high, giving the company a market cap of $54B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 112.2% The company's stock price performance over the past 12 months beats the peer average by 114.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 287.1% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 112.2% The company's stock price performance over the past 12 months beats the peer average by 114.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 287.1% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 112.2% The company's stock price performance over the past 12 months beats the peer average by 114.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 287.1% higher than the average peer. | d1d60f75-6ecf-4978-8d03-92ad20953841 |
711069.0 | 2023-12-16 00:00:00 UTC | Danaher (DHR) Stock Falls Amid Market Uptick: What Investors Need to Know | DCOMP | https://www.nasdaq.com/articles/danaher-dhr-stock-falls-amid-market-uptick%3A-what-investors-need-to-know | nan | nan | Danaher (DHR) closed at $226.45 in the latest trading session, marking a -0.34% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Danaher will be of great interest to investors. The company's upcoming EPS is projected at $1.88, signifying a 34.49% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.94 billion, indicating a 29.07% decrease compared to the same quarter of the previous year.
DHR's full-year Zacks Consensus Estimates are calling for earnings of $8.10 per share and revenue of $26.36 billion. These results would represent year-over-year changes of -26.03% and -16.23%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Danaher. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. At present, Danaher boasts a Zacks Rank of #4 (Sell).
Digging into valuation, Danaher currently has a Forward P/E ratio of 28.07. This signifies a premium in comparison to the average Forward P/E of 17.51 for its industry.
Meanwhile, DHR's PEG ratio is currently 2.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Diversified Operations industry stood at 2.36 at the close of the market yesterday.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks Naming Top 10 Stocks for 2024
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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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Danaher Corporation (DHR) : 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. | Meanwhile, the latest consensus estimate predicts the revenue to be $5.94 billion, indicating a 29.07% decrease compared to the same quarter of the previous year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. 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%. | The company's upcoming EPS is projected at $1.88, signifying a 34.49% drop compared to the same quarter of the previous year. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Click to get this free report Danaher Corporation (DHR) : Free Stock Analysis Report To read this article on Zacks.com click here. | This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | Danaher (DHR) closed at $226.45 in the latest trading session, marking a -0.34% move from the prior day. This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | ecdd6616-3d50-4a7e-b5a7-76361b1bb54e |
711070.0 | 2023-12-16 00:00:00 UTC | Conn's (CONN) Reports Q3 Loss, Misses Revenue Estimates | DCOMP | https://www.nasdaq.com/articles/conns-conn-reports-q3-loss-misses-revenue-estimates | nan | nan | Conn's (CONN) came out with a quarterly loss of $2.03 per share versus the Zacks Consensus Estimate of a loss of $1.48. This compares to loss of $0.78 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -37.16%. A quarter ago, it was expected that this retailer would post a loss of $1.48 per share when it actually produced a loss of $1.39, delivering a surprise of 6.08%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Conn's, which belongs to the Zacks Retail - Consumer Electronics industry, posted revenues of $280.13 million for the quarter ended October 2023, missing the Zacks Consensus Estimate by 4.75%. This compares to year-ago revenues of $321.2 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Conn's shares have lost about 55.8% since the beginning of the year versus the S&P 500's gain of 22.9%.
What's Next for Conn's?
While Conn's 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 Conn's: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$1.26 on $339.76 million in revenues for the coming quarter and -$5.48 on $1.23 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Consumer Electronics is currently in the top 6% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Retail-Wholesale sector, Walgreens Boots Alliance (WBA), is yet to report results for the quarter ended November 2023. The results are expected to be released on January 4.
This largest U.S. drugstore chain is expected to post quarterly earnings of $0.68 per share in its upcoming report, which represents a year-over-year change of -41.4%. The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level.
Walgreens Boots Alliance's revenues are expected to be $34.75 billion, up 4.1% from the year-ago quarter.
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
Conn's, Inc. (CONN) : Free Stock Analysis Report
Walgreens Boots Alliance, Inc. (WBA) : 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. One other stock from the broader Zacks Retail-Wholesale sector, Walgreens Boots Alliance (WBA), is yet to report results for the quarter ended November 2023. This largest U.S. drugstore chain is expected to post quarterly earnings of $0.68 per share in its upcoming report, which represents a year-over-year change of -41.4%. | Conn's, which belongs to the Zacks Retail - Consumer Electronics industry, posted revenues of $280.13 million for the quarter ended October 2023, missing the Zacks Consensus Estimate by 4.75%. The current consensus EPS estimate is -$1.26 on $339.76 million in revenues for the coming quarter and -$5.48 on $1.23 billion in revenues for the current fiscal year. Click to get this free report Conn's, Inc. (CONN) : Free Stock Analysis Report Walgreens Boots Alliance, Inc. (WBA) : Free Stock Analysis Report To read this article on Zacks.com click here. | Conn's (CONN) came out with a quarterly loss of $2.03 per share versus the Zacks Consensus Estimate of a loss of $1.48. Conn's, which belongs to the Zacks Retail - Consumer Electronics industry, posted revenues of $280.13 million for the quarter ended October 2023, missing the Zacks Consensus Estimate by 4.75%. Click to get this free report Conn's, Inc. (CONN) : Free Stock Analysis Report Walgreens Boots Alliance, Inc. (WBA) : Free Stock Analysis Report To read this article on Zacks.com click here. | The company has topped consensus revenue estimates just once over the last four quarters. 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. | ce437476-c516-4d72-9f80-6e7413aa2ba1 |
711071.0 | 2023-12-16 00:00:00 UTC | Universal Corp. Shares Close in on 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/universal-corp.-shares-close-in-on-52-week-high-market-mover-7 | nan | nan | Universal Corp. (UVV) shares closed today at 1.1% below its 52 week high of $64.85, giving the company a market cap of $1B. The stock is currently up 25.3% year-to-date, up 25.8% over the past 12 months, and up 44.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 17.9% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -529.6%
The company's stock price performance over the past 12 months beats the peer average by -708.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Universal Corp. (UVV) shares closed today at 1.1% below its 52 week high of $64.85, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -529.6% The company's stock price performance over the past 12 months beats the peer average by -708.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% higher than the average peer. | Universal Corp. (UVV) shares closed today at 1.1% below its 52 week high of $64.85, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -529.6% The company's stock price performance over the past 12 months beats the peer average by -708.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -529.6% The company's stock price performance over the past 12 months beats the peer average by -708.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Staples industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -529.6% The company's stock price performance over the past 12 months beats the peer average by -708.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 10.7% higher than the average peer. | d9742602-8dc5-4d04-896a-22659a5e3fe3 |
711072.0 | 2023-12-16 00:00:00 UTC | Moelis & Co - Class A Shares Near 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/moelis-co-class-a-shares-near-52-week-high-market-mover-0 | nan | nan | Moelis & Co - Class A (MC) shares closed today at 1.9% below its 52 week high of $58.67, giving the company a market cap of $3B. The stock is currently up 56.7% year-to-date, up 47.5% over the past 12 months, and up 129.8% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 20.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 241.4%
The company's stock price performance over the past 12 months beats the peer average by 170.8%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 29440.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Moelis & Co - Class A (MC) shares closed today at 1.9% below its 52 week high of $58.67, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 241.4% The company's stock price performance over the past 12 months beats the peer average by 170.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 29440.3% higher than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 20.8% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 241.4% The company's stock price performance over the past 12 months beats the peer average by 170.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 29440.3% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 241.4% The company's stock price performance over the past 12 months beats the peer average by 170.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 29440.3% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 241.4% The company's stock price performance over the past 12 months beats the peer average by 170.8% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 29440.3% higher than the average peer. | 909b9801-fe1b-450f-af6e-6eb8918f0128 |
711073.0 | 2023-12-16 00:00:00 UTC | Visa Inc - Class A Shares Near 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/visa-inc-class-a-shares-near-52-week-high-market-mover-1 | nan | nan | Visa Inc - Class A (V) shares closed today at 1.2% below its 52 week high of $263.25, giving the company a market cap of $488B. The stock is currently up 25.3% year-to-date, up 25.9% over the past 12 months, and up 102.0% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 4.9% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -20.1%
The company's stock price performance over the past 12 months lags the peer average by -19.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 19.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Visa Inc - Class A (V) shares closed today at 1.2% below its 52 week high of $263.25, giving the company a market cap of $488B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.1% The company's stock price performance over the past 12 months lags the peer average by -19.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 19.6% higher than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 4.9% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.1% The company's stock price performance over the past 12 months lags the peer average by -19.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 19.6% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.1% The company's stock price performance over the past 12 months lags the peer average by -19.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 19.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -20.1% The company's stock price performance over the past 12 months lags the peer average by -19.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 19.6% higher than the average peer. | 2d5f5c40-4d87-40e1-b3b0-55e145db63f6 |
711074.0 | 2023-12-16 00:00:00 UTC | Tri Pointe Homes Inc. Shares Close in on 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/tri-pointe-homes-inc.-shares-close-in-on-52-week-high-market-mover-2 | nan | nan | Tri Pointe Homes Inc. (TPH) shares closed today at 1.0% below its 52 week high of $34.65, giving the company a market cap of $3B. The stock is currently up 79.5% year-to-date, up 76.2% over the past 12 months, and up 186.2% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 4.8% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 1.7%
The company's stock price performance over the past 12 months beats the peer average by 3.6%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -23.5% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Tri Pointe Homes Inc. (TPH) shares closed today at 1.0% below its 52 week high of $34.65, giving the company a market cap of $3B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. | Tri Pointe Homes Inc. (TPH) shares closed today at 1.0% below its 52 week high of $34.65, giving the company a market cap of $3B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 1.7% The company's stock price performance over the past 12 months beats the peer average by 3.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -23.5% lower than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 1.7% The company's stock price performance over the past 12 months beats the peer average by 3.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -23.5% lower than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Consumer Discretionary industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 1.7% The company's stock price performance over the past 12 months beats the peer average by 3.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -23.5% lower than the average peer. | 1a11af8a-a8b7-4258-9cd0-7ae94d6e26df |
711075.0 | 2023-12-16 00:00:00 UTC | Ginkgo Bioworks Holdings Inc - Class A Shares Close the Day 13.3% Higher - Daily Wrap | DCOMP | https://www.nasdaq.com/articles/ginkgo-bioworks-holdings-inc-class-a-shares-close-the-day-13.3-higher-daily-wrap | nan | nan | Ginkgo Bioworks Holdings Inc - Class A (DNA) shares closed today 13.3% higher than it did at the end of yesterday. The stock is currently down 6.5% year-to-date, down 8.7% over the past 12 months, and down 84.4% over the past five years. Today, the Dow Jones Industrial Average rose 0.7%, and the S&P 500 rose 0.6%.
Trading Activity
Shares traded as high as $1.73 and as low as $1.28 this week.
Shares closed 29.8% below its 52-week high and 59.8% above its 52-week low.
Trading volume this week was 36.4% lower than the 10-day average and 18.9% lower than the 30-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 3.1.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by -80.4%
The company's stock price performance over the past 12 months beats the peer average by -74.0%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ginkgo Bioworks Holdings Inc - Class A (DNA) shares closed today 13.3% higher than it did at the end of yesterday. Beta, a measure of the stock’s volatility relative to the overall market stands at 3.1. Market Comparative Performance The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -80.4% The company's stock price performance over the past 12 months beats the peer average by -74.0% | Ginkgo Bioworks Holdings Inc - Class A (DNA) shares closed today 13.3% higher than it did at the end of yesterday. Today, the Dow Jones Industrial Average rose 0.7%, and the S&P 500 rose 0.6%. Market Comparative Performance The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -80.4% The company's stock price performance over the past 12 months beats the peer average by -74.0% | Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -80.4% The company's stock price performance over the past 12 months beats the peer average by -74.0% This story was produced by the Kwhen Automated News Generator. | Shares closed 29.8% below its 52-week high and 59.8% above its 52-week low. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -80.4% The company's stock price performance over the past 12 months beats the peer average by -74.0% | efe7b327-17ef-471f-bdc7-296a734efc2e |
711076.0 | 2023-12-16 00:00:00 UTC | Intercontinental Hotels Group - ADR Shares Approach 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/intercontinental-hotels-group-adr-shares-approach-52-week-high-market-mover-1 | nan | nan | Intercontinental Hotels Group - ADR (IHG) shares closed today at 0.5% below its 52 week high of $91.32, giving the company a market cap of $14B. The stock is currently up 58.7% year-to-date, up 56.0% over the past 12 months, and up 71.0% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 36.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 141.2%
The company's stock price performance over the past 12 months beats the peer average by 175.7%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Intercontinental Hotels Group - ADR (IHG) shares closed today at 0.5% below its 52 week high of $91.32, giving the company a market cap of $14B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.8. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 141.2% The company's stock price performance over the past 12 months beats the peer average by 175.7% | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 141.2% The company's stock price performance over the past 12 months beats the peer average by 175.7% | Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 141.2% The company's stock price performance over the past 12 months beats the peer average by 175.7% This story was produced by the Kwhen Automated News Generator. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 141.2% The company's stock price performance over the past 12 months beats the peer average by 175.7% | 0216449d-c7a4-4337-8213-52ba0350db0a |
711077.0 | 2023-12-16 00:00:00 UTC | Union Pacific Corp. Shares Near 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/union-pacific-corp.-shares-near-52-week-high-market-mover-2 | nan | nan | Union Pacific Corp. (UNP) shares closed today at 1.0% below its 52 week high of $245.07, giving the company a market cap of $146B. The stock is currently up 19.4% year-to-date, up 17.6% over the past 12 months, and up 92.5% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 9.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 267.9%
The company's stock price performance over the past 12 months beats the peer average by 265.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 84.7% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Union Pacific Corp. (UNP) shares closed today at 1.0% below its 52 week high of $245.07, giving the company a market cap of $146B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 267.9% The company's stock price performance over the past 12 months beats the peer average by 265.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 84.7% higher than the average peer. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 267.9% The company's stock price performance over the past 12 months beats the peer average by 265.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 84.7% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 267.9% The company's stock price performance over the past 12 months beats the peer average by 265.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 84.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 267.9% The company's stock price performance over the past 12 months beats the peer average by 265.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 84.7% higher than the average peer. | 5423c769-9035-47d8-9625-5188b0d445aa |
711078.0 | 2023-12-16 00:00:00 UTC | The Goldilocks of Investing: 3 Medium-Cap Stocks Poised for Growth | DCOMP | https://www.nasdaq.com/articles/the-goldilocks-of-investing%3A-3-medium-cap-stocks-poised-for-growth | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Medium-cap stocks, as the title of my article states, are indeed the “Goldilocks” of equities. That’s because small-cap stocks are prone to bankruptcies and thesis-shattering events, such as products that malfunction and new, ruinous competitors. Meanwhile, in many cases, it’s difficult if not impossible for large-cap stock to generate enough revenue to generate huge returns for investors. Conversely, mid-cap stocks are unlikely to go bankrupt or encounter other disasters, but it’s relatively easy for them to raise their top and bottom lines a great deal.
As a result, mid-cap stocks can indeed soar tremendously. For the purposes of this column, I’m defining mid-cap stocks as those with market capitalizations of $1 billion to $10 billion. Here are three top-notch mid-cap stocks that long-term growth investors should consider buying.
GitLab (GTLB)
Source: Lori Butcher / Shutterstock.com
According to Investor’s Business Daily, GitLab (NASDAQ:GTLB) “helps customers develop software and deploy new applications in a secure process.” Among the specific tasks that it enables are “the automation of code” and speeding the development of software. The firm is extensively incorporating AI into its solutions.
Among GitLab’s key assets are its close partnerships with both Alphabet’s (NASDAQ:GOOG,NASDAQ:GOOGL) Google Cloud and Amazon’s (NASDAQ:AMZN) cloud unit, AWS. Moreover, Alphabet, showing its faith in GTLB, has acquired a 2.5% stake in the company.
And according to the highly respected tech research firm. Gartner, GTLB is the best company in its sector when it comes to the “Ability to Execute” and the second-best in “Completeness of Vision.”
Last quarter, GitLab’s top line soared 32% versus the same quarter a year earlier, while its gross margin, excluding certain items, came in at an incredibly high 91%.
The market capitalization of GTLB is $9.7 billion.
MakeMyTrip (MMYT)
Source: Olena Yakobchuk / Shutterstock
India-based online travel agency MakeMyTrip (NASDAQ:MMYT) is benefiting from the very rapid growth of the Indian economy. Last month, Goldman Sachs predicted that the South Asian country’s economy would expand 6.3% in its fiscal year that ends in March 2024.
In MMYT’s fiscal second quarter that ended in October, the company’s revenue jumped 28.5% to $168.7 million, while its net profit, excluding certain items, more than tripled year-over-year to $27.8 million.
“Our innovative travel solutions, brand strength and ability to deliver
superior value to our customers and our partners are helping us to drive profitable growth,” CEO Rajesh Magow said in a statement.
And citing the very well-respected consulting firm, McKinsey, Magow reported that Indians’ expenditures on travel are expected to soar to $410 billion in 2030 from $150 billion in 2019.
The CEO noted that MMYT is benefiting from adding many more hotels to its website and the recovery of the number of international flights beyond “pre-pandemic levels for the first time.”
The company’s rapid growth and ability to benefit from India’s strong economic growth make it one of the best medium-cap stocks to buy.
MMYT stock has a market capitalization of $5 billion.
Luckin Coffee (LKNCY)
Source: NewsToday / Shutterstock.com
According to Seeking Alpha columnist Pinnancle Investment Analysis, Luckin (OTC:LKNCY) now has a higher market share than Starbucks (NASDAQ:SBUX) in China, representing a very impressive feat.
L:uckin has surpassed SBUX by offering cheaper coffee than its American rival while emphasizing quick, convenient service. Additionally, Luckin has introduced drinks that incorporate liquids which are already popular in China, such as coconut juice and Moutai, a spirit alcohol that’s well-loved in the Asian country. Finally, Luckin has rapidly built new stores in China. As of June, it had 10,000 outlets in China, versus 6,480 for Starbucks.
Using these techniques, Luckin is growing incredibly rapidly, as its top line jumped to $1.93 billion in 2022 from $1.25 billion in 2021. Last quarter, its top line soared 85% versus the same year earlier to $867 million. The firm has no need to rely on opening new stores for all of its growth, as its same-store sales climbed a very robust 20% in Q3. Furthermore, Luckin is very profitable as its generated 131.l8 million of operating income in Q3.
Due to overdone fears about a drop in the company’s margins and exaggerated worries about the Chinese economy, the shares fell 13.6% in the three months that ended on Dec. 15. As a result, they have a price-earnings ratio of 23.85 which is quite low given the company’s rapid growth.
The market capitalization of LKNCY stock is $7.66 billion.
On the date of publication, Larry Ramer’s wife held a long position in LKNCY. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.
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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. | “Our innovative travel solutions, brand strength and ability to deliver superior value to our customers and our partners are helping us to drive profitable growth,” CEO Rajesh Magow said in a statement. Additionally, Luckin has introduced drinks that incorporate liquids which are already popular in China, such as coconut juice and Moutai, a spirit alcohol that’s well-loved in the Asian country. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post The Goldilocks of Investing: 3 Medium-Cap Stocks Poised for Growth appeared first on InvestorPlace. | GitLab (GTLB) Source: Lori Butcher / Shutterstock.com According to Investor’s Business Daily, GitLab (NASDAQ:GTLB) “helps customers develop software and deploy new applications in a secure process.” Among the specific tasks that it enables are “the automation of code” and speeding the development of software. Gartner, GTLB is the best company in its sector when it comes to the “Ability to Execute” and the second-best in “Completeness of Vision.” Last quarter, GitLab’s top line soared 32% versus the same quarter a year earlier, while its gross margin, excluding certain items, came in at an incredibly high 91%. Last quarter, its top line soared 85% versus the same year earlier to $867 million. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips Medium-cap stocks, as the title of my article states, are indeed the “Goldilocks” of equities. The CEO noted that MMYT is benefiting from adding many more hotels to its website and the recovery of the number of international flights beyond “pre-pandemic levels for the first time.” The company’s rapid growth and ability to benefit from India’s strong economic growth make it one of the best medium-cap stocks to buy. Luckin Coffee (LKNCY) Source: NewsToday / Shutterstock.com According to Seeking Alpha columnist Pinnancle Investment Analysis, Luckin (OTC:LKNCY) now has a higher market share than Starbucks (NASDAQ:SBUX) in China, representing a very impressive feat. | The market capitalization of GTLB is $9.7 billion. Finally, Luckin has rapidly built new stores in China. Last quarter, its top line soared 85% versus the same year earlier to $867 million. | ef27116d-16f8-4db1-8787-9ea913f569b5 |
711079.0 | 2023-12-16 00:00:00 UTC | Meta Platforms' Stock Hit a Nearly 2-Year High on Monday. Can It Keep Soaring? | DCOMP | https://www.nasdaq.com/articles/meta-platforms-stock-hit-a-nearly-2-year-high-on-monday.-can-it-keep-soaring | nan | nan | Even the most bullish believers in a stock have to take a hard look at their investment when it rises to new heights. Now would be a good time to do so with Meta Platforms (NASDAQ: META), as the social media giant's share price climbed to heights not seen since the holiday season of 2021. This was on the back of a good Monday for the stock, as it closed a meaty 2.9% higher over its previous trading session.
The AI revolution comes to social media
While Meta as a company has had its fits and stumbles this year, it's nevertheless continued to be an investor favorite. Its core asset Facebook is the property most readily associated with social media, even after years of dominance and more than a little competition for the throne.
Compounding that, Meta has plunged deeply into artificial intelligence (AI), the technology that powers quite a few features on Facebook and other company sites. Investors remain hungry and unsatisfied with the still-limited numbers of AI-heavy stocks on the market, so they continue to jump into titles associated with the technology. Meta has the distinct advantage of being both a familiar property and an active AI developer.
It's too early to determine which AI-infused companies are going to lead the market and enrapture the business world with their technology. At this stage, many feel that it's wisest to place bets on established tech players figuring out clever ways to enhance their business with AI. Meta definitely qualifies, and the market continues to reward it for being in this position.
A fine combination of established and new
Meta is already operating from a position of strength. It remains a primary destination for the type of valuable, granular advertising unavailable in most other media, and it has a massive user base.
Neither of these great advantages should melt away soon to any degree; add business-enhancing tech like AI into the mix, and you've got a company that can keep winning for years to come. This means no one should worry about Meta's rising stock price.
Should you invest $1,000 in Meta Platforms 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. | The AI revolution comes to social media While Meta as a company has had its fits and stumbles this year, it's nevertheless continued to be an investor favorite. Investors remain hungry and unsatisfied with the still-limited numbers of AI-heavy stocks on the market, so they continue to jump into titles associated with the technology. At this stage, many feel that it's wisest to place bets on established tech players figuring out clever ways to enhance their business with AI. | Now would be a good time to do so with Meta Platforms (NASDAQ: META), as the social media giant's share price climbed to heights not seen since the holiday season of 2021. This means no one should worry about Meta's rising stock price. Before you buy stock in Meta Platforms, 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 Meta Platforms wasn't one of them. | Now would be a good time to do so with Meta Platforms (NASDAQ: META), as the social media giant's share price climbed to heights not seen since the holiday season of 2021. Before you buy stock in Meta Platforms, 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 Meta Platforms wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. | The AI revolution comes to social media While Meta as a company has had its fits and stumbles this year, it's nevertheless continued to be an investor favorite. Before you buy stock in Meta Platforms, 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 Meta Platforms wasn't one of them. The Motley Fool has positions in and recommends Meta Platforms. | 5d219dae-e905-4805-95f3-0be8cc8a5114 |
711080.0 | 2023-12-16 00:00:00 UTC | 3 E-Commerce Stocks That Will Take 2024 by Storm | DCOMP | https://www.nasdaq.com/articles/3-e-commerce-stocks-that-will-take-2024-by-storm | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After a very long time, we can see consumer sentiment finally improve. The Black Friday sales and the holiday season will help several e-commerce companies report strong sales and revenue for the final quarter of the year. As the economy improves, consumer spending improves and this means better numbers for e-commerce businesses. If you want to make the most of the upward trend, now is the time to consider the top e-commerce stocks to buy.
Amazon (AMZN)
Source: Jonathan Weiss / Shutterstock.com
One of the biggest e-commerce stocks for 2024 is Amazon (NASDAQ:AMZN). The global giant has been on a wild ride this year. While the upward momentum wasn’t solely due to the e-commerce sales, it could also be attributed to the Amazon Web Services.
Black Friday and holiday shopping will contribute to the revenue this quarter and this will take the stock higher when it reports results in 2024. Reuters reported that the company hit $38 billion in online sales across the United States only in the five days between Thanksgiving and Cyber Monday.
In the third quarter, it reported a 13% year-over-year increase in revenue to hit $143.1 billion, and the net income hit $9.9 billion. The EPS came in at 94 cents per share. Even the digital advertising revenue increased 26% year over year, and AWS saw a 12% growth.
The last quarter could be exceptional for Amazon, and with an improvement in consumer spending, we could see the company impress investors. Additionally, one of its biggest revenue drivers, AWS is already growing stronger. The company aims to make the most of artificial intelligence and has invested $4 billion in Anthropic to enhance generative AI.
Investors should keep in mind that Amazon is not about a single product, rather, it is an entire ecosystem that offers a wide range of products and services including streaming. When you consider the business as a whole, it looks highly attractive. AMZN stock is exchanging hands for $149, and is at a 52-week high but it has a lot more to come. Yes, the stock is expensive but it is worth putting your money into. It is up 76% year to date and has the potential to keep moving higher.
Shopify (SHOP)
Source: Beyond The Scene / Shutterstock.com
Another e-commerce platform worth taking note of is Shopify (NYSE:SHOP). It helps companies build online stores and sell products. It makes revenue through monthly subscriptions which helps ensure a recurring revenue for the company. Many businesses rely on Shopify and are willing to pay the monthly subscription as long as they are attracting consumers.
Notably, it reported the best Black Friday in history as the merchants on its platform managed to generate $4.1 billion in sales. I believe this is only the beginning for the company, and the holiday season could be strong.
Financially, Shopify has impressed investors with the numbers. It saw a 25% year-over-year rise in revenue to hit $1.7 billion and a 36% year-over-year increase in gross profit. SHOP stock has enjoyed the upside momentum and is trading at $76 today, up 115% year to date.
There is no stopping its growth and while it is at the 52-week high, it can hit $100 very soon. While the business isn’t close to the highs it enjoyed in 2020 and 2021, it still shows strong signs of improvement. This could also be attributed to the high consumer spending during the pandemic when we spent a lot of time at home.
The company takes a fee from the purchase price for every transaction you make and if you buy through Shopify Payments, it will make more. It has created a business model which is a win-win for Shopify, as well as the merchants registered on it. The stock is expensive, but it is one of the best companies to invest in right now. While it is too soon to call Shopify a real winner of the holiday shopping season, it is pretty close to it.
Walmart (WMT)
Source: Jonathan Weiss / Shutterstock.com
While no company has been immune from the impact of high-interest rates and low consumer spending, Walmart (NYSE:WMT) has still managed to show strong year-over-year growth. In the third quarter, it reported a revenue of $160 billion, which is up 5.2% year over year, and e-commerce sales were up by 24% YOY. It is known as the world’s biggest retailer for a reason and offers a massive range of products at low prices.
One of the top e-commerce stocks, WMT stock is exchanging hands at $152 and is up 6% year to date. The company expanded into groceries a few years back and this ensured consistent revenue even in times of high inflation. This is where Walmart can never go wrong because we will always need groceries, no matter the market situation.
It has seen an improvement in cash flow which is at $19 billion and this means investors will be able to enjoy steady dividends. The company has enough liquidity to invest in growth while also rewarding shareholders. The stock has a dividend yield of 1.49% and pays a quarterly dividend of $0.57.
It has raised the guidance for 2023 and now expects sales growth of 5% to 5.5%. This is a sign that the management is optimistic about the future of the company and we can expect an uptick in the profit margin.
On the date of publication, Vandita Jadeja did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. She believes in buying and holding for long term gains. Her knowledge of words and numbers helps her write clear stock analysis.
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The post 3 E-Commerce Stocks That Will Take 2024 by Storm appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Black Friday and holiday shopping will contribute to the revenue this quarter and this will take the stock higher when it reports results in 2024. Reuters reported that the company hit $38 billion in online sales across the United States only in the five days between Thanksgiving and Cyber Monday. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 E-Commerce Stocks That Will Take 2024 by Storm appeared first on InvestorPlace. | The Black Friday sales and the holiday season will help several e-commerce companies report strong sales and revenue for the final quarter of the year. Amazon (AMZN) Source: Jonathan Weiss / Shutterstock.com One of the biggest e-commerce stocks for 2024 is Amazon (NASDAQ:AMZN). Walmart (WMT) Source: Jonathan Weiss / Shutterstock.com While no company has been immune from the impact of high-interest rates and low consumer spending, Walmart (NYSE:WMT) has still managed to show strong year-over-year growth. | The Black Friday sales and the holiday season will help several e-commerce companies report strong sales and revenue for the final quarter of the year. In the third quarter, it reported a revenue of $160 billion, which is up 5.2% year over year, and e-commerce sales were up by 24% YOY. One of the top e-commerce stocks, WMT stock is exchanging hands at $152 and is up 6% year to date. | Even the digital advertising revenue increased 26% year over year, and AWS saw a 12% growth. Shopify (SHOP) Source: Beyond The Scene / Shutterstock.com Another e-commerce platform worth taking note of is Shopify (NYSE:SHOP). In the third quarter, it reported a revenue of $160 billion, which is up 5.2% year over year, and e-commerce sales were up by 24% YOY. | fee00cf6-a714-400a-ad1c-6cf49d3f79be |
711081.0 | 2023-12-16 00:00:00 UTC | ServiceNow Inc Shares Near 52-Week High - Market Mover | DCOMP | https://www.nasdaq.com/articles/servicenow-inc-shares-near-52-week-high-market-mover-2 | nan | nan | ServiceNow Inc (NOW) shares closed today at 1.8% below its 52 week high of $720.68, giving the company a market cap of $144B. The stock is currently up 81.2% year-to-date, up 78.4% over the past 12 months, and up 305.4% over the past five years. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%.
Trading Activity
Trading volume this week was 9.2% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 83.0%
The company's stock price performance over the past 12 months beats the peer average by 80.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 187.5% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ServiceNow Inc (NOW) shares closed today at 1.8% below its 52 week high of $720.68, giving the company a market cap of $144B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. | ServiceNow Inc (NOW) shares closed today at 1.8% below its 52 week high of $720.68, giving the company a market cap of $144B. This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 83.0% The company's stock price performance over the past 12 months beats the peer average by 80.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 187.5% higher than the average peer. | Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 83.0% The company's stock price performance over the past 12 months beats the peer average by 80.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 187.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This week, the Dow Jones Industrial Average rose 2.5%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Information Technology industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 83.0% The company's stock price performance over the past 12 months beats the peer average by 80.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 187.5% higher than the average peer. | 1ae36efb-084b-442f-918e-0b35e9b79a29 |
711082.0 | 2023-12-16 00:00:00 UTC | 3 Stocks With the Potential to Be 2024’s Company of the Year | DCOMP | https://www.nasdaq.com/articles/3-stocks-with-the-potential-to-be-2024s-company-of-the-year | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Yahoo Finance recently named Novo Nordisk (NYSE:NVO) its 2023 Company of the Year. Thanks to its duo of weight-loss drugs, Ozempic and Wegovy, it is now the most valuable company in Europe by market capitalization. Given the demand for these drugs, it could repeat as one of the top stocks for 2024.
As Yahoo Finance points out, NVO stock is up nearly 42% year-to-date, about two times the return of the S&P 500, and 43 times the Health Care Select Sector SPDR Fund (NYSEARCA:XLV), down 1% YTD.
It’s always tough to select names to be the top stocks in the year ahead. That’s because random acts of luck and good fortune often help a stock hit the big time. Novo Nordisk is a perfect example.
Who could have predicted that weight-loss drugs would become all the rage in 2023? With 750 million obese people worldwide, the problem has been around for many years, but for some reason, it has become a healthcare focus for investors.
The top stocks for 2024 are hiding right under our noses, just as Novo Nordisk was entering 2023.
Here are my three obvious stock picks for 2024.
Vanguard Long-Term Bond ETF (BLV)
Source: focal point / Shutterstock
Goldman Sachs has dubbed 2024 the “Year of the Bond.” The investment bank believes the year ahead will finally be the time for fixed income to shine.
“What we’re seeing right now in the market is not just a slowing of the economy, but inflation that is actually coming down and that sets up a fantastic total return for the bond market,” Goldman Sachs Chief Investment Officer Ashish Shah told CNBC in mid-December.
The argument for bonds centers around that in 2024, you’ll be able to deliver both capital appreciation and income from your bonds despite interest rates falling as the Federal Reserve looks to thread the needle regarding maintaining economic growth next year.
The Vanguard Long-Term Bond ETF (NYSEARCA:BLV) tracks the performance of the Bloomberg U.S. Long Government/Credit Float Adjusted Index, a collection of long-term, investment-grade bonds from the United States.
The fund holds 3,030 bonds in its portfolio with an average yield to maturity of 5.2% and an average effective maturity of 22.6 years. So, while short-term bonds will lose their value as rates come down, the long-term nature of BLV’s holdings will deliver yield and capital appreciation.
I realize BLV isn’t a company, but the premise behind selecting companies of the year is to provide readers with actionable investment ideas that capture the market’s imagination in 2024. I believe BLV will be one of those.
Brookfield Corp. (BN)
Source: Shutterstock
Brookfield Corp. (NYSE:BN) is one of the world’s largest owners of alternative assets such as real estate, private equity, infrastructure, private credit, etc. It’s had a decent year in the markets, up nearly 22%, 145 basis points less than the S&P 500. Over the past five years, it’s underperformed the index by 264 basis points, up nearly 93%.
I could see alternative asset managers beginning another long run higher, like the last one that started in the March 2020 correction and ended in December 2021.
In late November, Brookfield’s senior unsecured debt rating was upgraded by DBRS from A (low) to A.
“We are pleased with the credit rating upgrade, which reflects the strength of our franchise through cycles—including the growing scale and diversity of our business, the quality of our cashflows and our fortress balance sheet,” stated Brookfield President Nick Goodman.
“The upgrade is further recognition of our longstanding commitment to conservative financing principles and our differentiated perpetual capital base of $140 billion.”
In the last 12 months ended Sept. 30, Brookfield’s distributable earnings were $5.0 billion. On a per-share basis, they increased 1.0%. That doesn’t sound great. However, what’s most important is the ability to recycle its capital at a profit.
Over the last 12 months, it has sold $35 billion in assets. Most were sold at prices higher than its International Financial Reporting Standards (IFRS). That tells investors two things: First, it’s getting top dollar for its assets, and second, it’s valuing those assets on its balance sheet correctly.
Brookfield is an excellent long-term buy.
Pinterest (PINS)
Source: DANIEL CONSTANTE / Shutterstock
I see 2024 being the year that Pinterest (NYSE:PINS) dominates social media. This will occur as the digital advertising market begins to recover from its slump over the past 12-18 months.
RBC Capital Markets upgraded PINS stock to Outperform from Sector Perform on Dec. 11, also upping its target price to $46 from $32, 23% higher than where it’s currently trading.
“‘With investors thirsty for non-megacap ideas for ’24, PINS stands out as a way to play the shift of intent-based ad platforms chasing impulse shopping’s $241B ad spend,’ RBC wrote. And though monthly active user growth and the pace of advertiser spending tend to ebb and flow, analysts ‘want to own the potentially seismic long-term platform changes management is making,’” Barron’s reported RBC Capital Markets’ analyst commentary.
Pinterest is rated “Overweight” or “Buy” by 67% of the 36 analysts covering its stock. That’s up from 56% in September.
One of the big reasons analysts have become more interested in Pinterest is the platform’s ad partnership with Amazon (NASDAQ:AMZN), which will see ads sold through Amazon appearing on Pinterest. This should bring a greater variety of ads on Pinterest while generating shopping directly on its platform.
In 2024, PINS could return to the $80s, where it traded in April 2021.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
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The post 3 Stocks With the Potential to Be 2024’s Company of the Year appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | “We are pleased with the credit rating upgrade, which reflects the strength of our franchise through cycles—including the growing scale and diversity of our business, the quality of our cashflows and our fortress balance sheet,” stated Brookfield President Nick Goodman. “The upgrade is further recognition of our longstanding commitment to conservative financing principles and our differentiated perpetual capital base of $140 billion.” In the last 12 months ended Sept. 30, Brookfield’s distributable earnings were $5.0 billion. RBC Capital Markets upgraded PINS stock to Outperform from Sector Perform on Dec. 11, also upping its target price to $46 from $32, 23% higher than where it’s currently trading. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips Yahoo Finance recently named Novo Nordisk (NYSE:NVO) its 2023 Company of the Year. Vanguard Long-Term Bond ETF (BLV) Source: focal point / Shutterstock Goldman Sachs has dubbed 2024 the “Year of the Bond.” The investment bank believes the year ahead will finally be the time for fixed income to shine. Brookfield Corp. (BN) Source: Shutterstock Brookfield Corp. (NYSE:BN) is one of the world’s largest owners of alternative assets such as real estate, private equity, infrastructure, private credit, etc. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips Yahoo Finance recently named Novo Nordisk (NYSE:NVO) its 2023 Company of the Year. Vanguard Long-Term Bond ETF (BLV) Source: focal point / Shutterstock Goldman Sachs has dubbed 2024 the “Year of the Bond.” The investment bank believes the year ahead will finally be the time for fixed income to shine. And though monthly active user growth and the pace of advertiser spending tend to ebb and flow, analysts ‘want to own the potentially seismic long-term platform changes management is making,’” Barron’s reported RBC Capital Markets’ analyst commentary. | InvestorPlace - Stock Market News, Stock Advice & Trading Tips Yahoo Finance recently named Novo Nordisk (NYSE:NVO) its 2023 Company of the Year. Vanguard Long-Term Bond ETF (BLV) Source: focal point / Shutterstock Goldman Sachs has dubbed 2024 the “Year of the Bond.” The investment bank believes the year ahead will finally be the time for fixed income to shine. Over the last 12 months, it has sold $35 billion in assets. | d0a6ac8b-615a-4d42-8b9c-22e513d39da3 |
711083.0 | 2023-12-16 00:00:00 UTC | FOCUS-North American aviation companies get labor relief from foreign workers - at a cost | DCOMP | https://www.nasdaq.com/articles/focus-north-american-aviation-companies-get-labor-relief-from-foreign-workers-at-a-cost | nan | nan | By Allison Lampert
MONTREAL, Dec 19 (Reuters) - Aerospace supplier CEO Hugue Meloche spends more than C$10,000 for each skilled foreign worker he brings to his company's Montreal-area factories, but paying those costs is preferable to leaving key positions unfilled while orders boom.
As clients like engine maker General Electric GE.N boosted production in 2022, the head of Meloche Group hired 20% of its workforce of 500 from countries like Mexico, Tunisia and Brazil to make up for staffing shortfalls. This added at least C$1 million ($736,377.03) in costs at a company generating around C$100 million in annual revenue.
Added costs like those are especially hitting smaller suppliers with limited resources, industry officials said. The suppliers must then cut costs elsewhere or pass on those extra charges to their customers while struggling to meet demands for competitive pricing and higher production from planemakers Airbus AIR.PA and Boeing BA.N.
The tight manufacturing labor market, following a wave of retirements during the height of the COVID-19 pandemic, has led North American aircraft repair shops and suppliers, especially in Canada, to recruit a small but growing number of workers from abroad. This fills critical positions but puts a fresh burden on small suppliers whose human resources staff normally do not help new arrivals find homes and cars.
These challenges are not going away as airline and aerospace executives remain cautious on supply chains and see problems persisting until 2025.
Meloche's company in the Canadian province of Quebec offers loans to recruits, as well as short-term housing. It has four employees dedicated to helping newcomers with everything from finding a new home to buying a car.
"We are the help desk," Meloche said in an interview. "We have huge needs. For us, immigration is not a choice."
Plane and engine makers rely less on foreign labor since they have the heft to lure domestic talent with better incentives, recruiters say. But they are not immune.
Business jet maker Bombardier BBDb.TO, which has 17,000 workers globally and generated $6.9 billion in 2022 revenue, told Reuters it expects international recruitment will represent 10% to 15% of its Quebec production workforce hired in the next few years, an estimate that was not previously reported. It currently employs about 9,400 in Quebec.
Airbus' Canadian division said some of its recruitment needs must be met via immigration, while Boeing said the use of U.S. visas to bring in foreign workers "is very limited."
Montreal-based Bombardier is taking on 40 new Moroccan workers with 40 more set to join, following its first international recruitment mission for trade laborers this year. The company provides housing, paid flights and other perks.
Offering that kind of help is harder for smaller suppliers, which make up most of the 17 aerospace companies in Quebec that hunted for workers abroad in 2022, according to data from Canadian recruitment specialist AURAY Sourcing International.
APARTMENT HUNTING
"We're asking (human resource departments) to ... have other tasks they've never had, such as looking for apartments," AURAY client services manager Emilie Sauvé said.
For companies like Meloche that have had employees poached, or leave for jobs at planemakers, one benefit in hiring foreign workers under immigration rules is that "they have to be loyal to the company they're hired for," Sauvé said.
"The small suppliers are drowning."
Hugue Meloche, who expects his business to generate C$135 million in 2023 revenue, sees recent economic headwinds easing the labor shortage, but recruitment of foreign workers will persist in Canada's aerospace hub.
Indeed, recruiters say Canadian aerospace companies use foreign workers more than their U.S. counterparts due to the availability of immigration programs that allow such hiring more easily north of the border.
But U.S. aircraft repair companies also consider foreign workers as an option, with a North American shortfall of aviation maintenance workers likely to hit 43,000 by 2027, according to consultant Oliver Wyman.
One U.S. trade association representing aircraft repair shops is weighing whether in-demand jobs like aircraft mechanics could be eligible for special visas.
AAR Corp AIR.N, a Chicago-based network of aircraft maintenance shops, has recruited some technicians from Mexico in recent years under an existing visa due to growing shortages at home, said Ryan Goertzen, a company vice president.
Figures for foreign aerospace workers in the U.S. were not available from three government departments approached by Reuters. According to Canadian government data for one nonimmigrant admission program, there were 125 temporary foreign worker positions for aircraft mechanics last year, compared with seven a year earlier and 66 in 2019.
There are a handful of programs in Canada used to recruit foreign workers, said Sauvé, adding she expects to see higher numbers this year and next as demand grows at her own firm.
The number of aerospace positions targeting international candidates grew 136% at Sauvé's firm this year compared with 2022.
"We had it last year, but this year it's exploded," she said.
At aircraft repair shop KF Aerospace in British Columbia, workers from countries like South Africa and the Philippines account for about 7% of the workforce. The company has 22 apartments for short-term staff housing.
KF hired 40 skilled foreign workers alone this year, compared with roughly 35 over 2018 and 2019 combined.
Each skilled foreign worker requires an investment of more than C$11,000 in relocation and immigration costs. But the cost is worth it since KF Aerospace needs skilled workers in order to be able to hire local apprentices, who require mentoring.
"Once we hire them, we want to hang on to them as long as we can," KF's chief corporate services officer, Grant Stevens, said, referring to the skilled foreign workers.
"Long gone are the days of, 'just put an ad.'"
($1 = 1.3580 Canadian dollars)
(Reporting by Allison Lampert in Montreal Editing by Ben Klayman and Matthew Lewis)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | By Allison Lampert MONTREAL, Dec 19 (Reuters) - Aerospace supplier CEO Hugue Meloche spends more than C$10,000 for each skilled foreign worker he brings to his company's Montreal-area factories, but paying those costs is preferable to leaving key positions unfilled while orders boom. Business jet maker Bombardier BBDb.TO, which has 17,000 workers globally and generated $6.9 billion in 2022 revenue, told Reuters it expects international recruitment will represent 10% to 15% of its Quebec production workforce hired in the next few years, an estimate that was not previously reported. AAR Corp AIR.N, a Chicago-based network of aircraft maintenance shops, has recruited some technicians from Mexico in recent years under an existing visa due to growing shortages at home, said Ryan Goertzen, a company vice president. | The tight manufacturing labor market, following a wave of retirements during the height of the COVID-19 pandemic, has led North American aircraft repair shops and suppliers, especially in Canada, to recruit a small but growing number of workers from abroad. Business jet maker Bombardier BBDb.TO, which has 17,000 workers globally and generated $6.9 billion in 2022 revenue, told Reuters it expects international recruitment will represent 10% to 15% of its Quebec production workforce hired in the next few years, an estimate that was not previously reported. There are a handful of programs in Canada used to recruit foreign workers, said Sauvé, adding she expects to see higher numbers this year and next as demand grows at her own firm. | By Allison Lampert MONTREAL, Dec 19 (Reuters) - Aerospace supplier CEO Hugue Meloche spends more than C$10,000 for each skilled foreign worker he brings to his company's Montreal-area factories, but paying those costs is preferable to leaving key positions unfilled while orders boom. For companies like Meloche that have had employees poached, or leave for jobs at planemakers, one benefit in hiring foreign workers under immigration rules is that "they have to be loyal to the company they're hired for," Sauvé said. Indeed, recruiters say Canadian aerospace companies use foreign workers more than their U.S. counterparts due to the availability of immigration programs that allow such hiring more easily north of the border. | This fills critical positions but puts a fresh burden on small suppliers whose human resources staff normally do not help new arrivals find homes and cars. Indeed, recruiters say Canadian aerospace companies use foreign workers more than their U.S. counterparts due to the availability of immigration programs that allow such hiring more easily north of the border. There are a handful of programs in Canada used to recruit foreign workers, said Sauvé, adding she expects to see higher numbers this year and next as demand grows at her own firm. | d2b474c8-9c1d-462b-bb43-4a445ff1c9f4 |
711084.0 | 2023-12-16 00:00:00 UTC | Want to Turn Spare Change Into $1,000? Buy These 3 Stocks Now | DCOMP | https://www.nasdaq.com/articles/want-to-turn-spare-change-into-%241000-buy-these-3-stocks-now | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
We’ve all had the experience of emptying our pockets at day’s end to find a collection of coins. Sure, you could cash them in at a Coinstar machine for some bills. But what if that spare change could turn into something meaningful instead?
True, the market certainly has no shortage of high-risk, high-reward stocks to choose. And, many have dangers that outweigh any potential payoff. But some intrepid companies may deliver tremendous returns in a short timeframe – with the profits and cash flow to match.
Investing in them still requires accepting some risk. However, targeting businesses poised for growth allows spare coins to transform into significant portfolio value. Let’s look into a few!
GigaCloud Technology (GCT)
Source: La1n/Shutterstock
When you first hear the name GigaCloud Technology (NASDAQ:GCT), you’ll probably assume it is yet another cloud computing business. But this company actually operates a B2B marketplace connecting buyers and sellers of furniture and large goods. At the same time, it provides logistics, fulfillment, and intelligence services.
GCT’s chart shows some historical volatility, no doubt. But drilling into recent performance reveals an exciting trajectory shaping up. This stock has already soared 139% year-to-date. Expanding profits fueled momentum last year, with income surging to $37 million in 2020 before a decline to $24 million in 2022.
However, analysts forecast earnings to rocket 227% this year, positioning shares at a modest forward P/E of 6.7X. Impressively, this earnings growth appears sustainable, with EPS potentially leaping from $1.97 this year to $2.85 in just two years.
Also, cash flow demonstrates tremendous promise. Last quarter alone, it generated $38.5 million. Revenue growth further bolsters the bull case, which is expected to climb nearly 40% this year and over 30% annually moving forward. It’s rare to encounter reliable top-line expansion at such heady rates paired with an ultra-low 0.8X sales multiple and bargain earnings valuation.
In short, GCT offers a unique growth story that appears underappreciated. This stock should have ample legs left to run.
Zymeworks (ZYME)
Source: Mongkolchon Akesin / Shutterstock.com
With biotech stocks, the industry’s risk-reward ratio doesn’t seem worth it, with failure rates and dilution uncomfortably high. But Zymeworks (NASDAQ:ZYME) looks to be a rare breed that is a financially secure with clinical promise. Boasting over $295 million in cash, ZYME can finance operations and development for years. It has a market capitalization of $600 million in comparison.
The company’s lead pipeline asset is zanidatamab, a bispecific antibody targeting HER2 expressed in breast, gastric, and biliary cancers. Already, data demonstrates zanidatamab’s efficacy and safety. This includes “meaningful clinical benefit” against HER2+ gastroesophageal cancers, as per updated results at September’s ESMO conference. Also, the FDA awarded zanidatamab Breakthrough Designation status in 2020, affirming its potential.
Even still, skepticism still warrants considering the industry’s risks. But ZYME’s strong cash position and zanidatamab’s progress may offer smart speculation if approached with eyes wide open.
Eventbrite (EB)
Source: kondr.konst/Shutterstock.com
Wall Street overlooks Eventbrite (NYSE:EB) as pandemic drag and shifting consumer behavior clouded the reopening narrative. But its financials and growth prospects reveal a ticketing platform that is years away from maturity.
During COVID’s peak impact, losses understandably mounted, from $225 million in 2020 to $55 million last year. But the tide looks to be turning.
Analysts forecast Eventbrite’s first profitable year in 2023. Assuming profit materializes, income could continue expanding for years to come. In fact, projections indicate EPS nearly quadrupling through 2027. At that point, shares would trade around 7X earnings, a remarkable discount for a high-growth Software as a Service (SaaS) company.
Further, growth should abound, with over 25% revenue expansion expected this year thanks to firming ticket sales and platform expansion. Long-term forecasts call for more than 13% annual sales growth throughout the decade, too.
Finally, Eventbrite holds far too little premium. With profits apparently set to gain momentum and years of double-digit top-line growth ahead, this stock looks ready to exit Wall Street’s penalty box.
On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.
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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. | Zymeworks (ZYME) Source: Mongkolchon Akesin / Shutterstock.com With biotech stocks, the industry’s risk-reward ratio doesn’t seem worth it, with failure rates and dilution uncomfortably high. With profits apparently set to gain momentum and years of double-digit top-line growth ahead, this stock looks ready to exit Wall Street’s penalty box. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. | Also, cash flow demonstrates tremendous promise. Eventbrite (EB) Source: kondr.konst/Shutterstock.com Wall Street overlooks Eventbrite (NYSE:EB) as pandemic drag and shifting consumer behavior clouded the reopening narrative. Further, growth should abound, with over 25% revenue expansion expected this year thanks to firming ticket sales and platform expansion. | Expanding profits fueled momentum last year, with income surging to $37 million in 2020 before a decline to $24 million in 2022. Impressively, this earnings growth appears sustainable, with EPS potentially leaping from $1.97 this year to $2.85 in just two years. With profits apparently set to gain momentum and years of double-digit top-line growth ahead, this stock looks ready to exit Wall Street’s penalty box. | But what if that spare change could turn into something meaningful instead? Boasting over $295 million in cash, ZYME can finance operations and development for years. Analysts forecast Eventbrite’s first profitable year in 2023. | d610f1bf-d0de-4c5e-baff-bbf9be188f53 |
711085.0 | 2023-12-16 00:00:00 UTC | United Rentals (URI) Stock Sinks As Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/united-rentals-uri-stock-sinks-as-market-gains%3A-what-you-should-know-6 | nan | nan | In the latest trading session, United Rentals (URI) closed at $568.23, marking a -0.61% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.45%.
Market participants will be closely following the financial results of United Rentals in its upcoming release. It is anticipated that the company will report an EPS of $11.45, marking a 17.56% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.64 billion, indicating a 10.3% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $41.07 per share and a revenue of $14.22 billion, demonstrating changes of +26.37% and +22.18%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for United Rentals. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.4% higher. At present, United Rentals boasts a Zacks Rank of #3 (Hold).
With respect to valuation, United Rentals is currently being traded at a Forward P/E ratio of 13.92. For comparison, its industry has an average Forward P/E of 18.6, which means United Rentals is trading at a discount to the group.
It's also important to note that URI currently trades at a PEG ratio of 0.93. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Building Products - Miscellaneous industry was having an average PEG ratio of 1.92.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 18% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow URI in the coming trading sessions, be sure to utilize Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Alongside, our most recent consensus estimate is anticipating revenue of $3.64 billion, indicating a 10.3% upward movement from the same quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%. | In the latest trading session, United Rentals (URI) closed at $568.23, marking a -0.61% move from the previous day. As the market closed yesterday, the Building Products - Miscellaneous industry was having an average PEG ratio of 1.92. Click to get this free report United Rentals, Inc. (URI) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 18% echelons of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. | In the latest trading session, United Rentals (URI) closed at $568.23, marking a -0.61% move from the previous day. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 18% echelons of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | b0199e43-6101-4d53-a945-a266d4dafe4b |
711086.0 | 2023-12-16 00:00:00 UTC | Prologis (PLD) Stock Declines While Market Improves: Some Information for Investors | DCOMP | https://www.nasdaq.com/articles/prologis-pld-stock-declines-while-market-improves%3A-some-information-for-investors | nan | nan | In the latest trading session, Prologis (PLD) closed at $132.68, marking a -1.18% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.45% for the day.
The upcoming earnings release of Prologis will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.26, reflecting a 1.61% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.79 billion, indicating a 12.22% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.60 per share and revenue of $6.85 billion, indicating changes of +8.53% and +39.38%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Prologis. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Prologis possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Prologis is holding a Forward P/E ratio of 23.98. This expresses a premium compared to the average Forward P/E of 11.85 of its industry.
One should further note that PLD currently holds a PEG ratio of 2.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the REIT and Equity Trust - Other industry was having an average PEG ratio of 2.57.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 153, positioning it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks 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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Prologis, Inc. (PLD) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Meanwhile, the latest consensus estimate predicts the revenue to be $1.79 billion, indicating a 12.22% increase compared to the same quarter of the previous year. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. 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%. | In the latest trading session, Prologis (PLD) closed at $132.68, marking a -1.18% move from the previous day. Meanwhile, the latest consensus estimate predicts the revenue to be $1.79 billion, indicating a 12.22% increase compared to the same quarter of the previous year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.60 per share and revenue of $6.85 billion, indicating changes of +8.53% and +39.38%, respectively, compared to the previous year. | The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Currently, this industry holds a Zacks Industry Rank of 153, positioning it in the bottom 40% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. | Right now, Prologis possesses a Zacks Rank of #3 (Hold). Currently, this industry holds a Zacks Industry Rank of 153, positioning it in the bottom 40% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 7cf3a65c-56d9-4a3d-b1be-684f3d35b100 |
711087.0 | 2023-12-16 00:00:00 UTC | Conagra Brands (CAG) Outpaces Stock Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/conagra-brands-cag-outpaces-stock-market-gains%3A-what-you-should-know-3 | nan | nan | The most recent trading session ended with Conagra Brands (CAG) standing at $29.49, reflecting a +0.55% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.45%.
Market participants will be closely following the financial results of Conagra Brands in its upcoming release. The company plans to announce its earnings on January 4, 2024. In that report, analysts expect Conagra Brands to post earnings of $0.67 per share. This would mark a year-over-year decline of 17.28%. Our most recent consensus estimate is calling for quarterly revenue of $3.24 billion, down 2.14% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.68 per share and a revenue of $12.28 billion, representing changes of -3.25% and +0.05%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Conagra Brands. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.03% lower. Right now, Conagra Brands possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Conagra Brands is presently being traded at a Forward P/E ratio of 10.96. This valuation marks a discount compared to its industry's average Forward P/E of 17.29.
Also, we should mention that CAG has a PEG ratio of 2.93. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 2.48 based on yesterday's closing prices.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CAG in the coming trading sessions, be sure to utilize Zacks.com.
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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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
Conagra Brands (CAG) : 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. | Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. 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%. | The most recent trading session ended with Conagra Brands (CAG) standing at $29.49, reflecting a +0.55% shift from the previouse trading day's closing. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Click to get this free report Conagra Brands (CAG) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. | Right now, Conagra Brands possesses a Zacks Rank of #4 (Sell). Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | af773a7b-8a36-4f76-a9f8-9cf85ab8cd65 |
711088.0 | 2023-12-16 00:00:00 UTC | Simon Property (SPG) Stock Slides as Market Rises: Facts to Know Before You Trade | DCOMP | https://www.nasdaq.com/articles/simon-property-spg-stock-slides-as-market-rises%3A-facts-to-know-before-you-trade | nan | nan | Simon Property (SPG) closed the latest trading day at $143.62, indicating a -0.51% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of Simon Property in its upcoming release. The company's earnings per share (EPS) are projected to be $3.34, reflecting a 6.03% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.45 billion, reflecting a 3.61% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.14 per share and a revenue of $5.6 billion, representing changes of +2.27% and +5.79%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Simon Property. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.06% fall in the Zacks Consensus EPS estimate. As of now, Simon Property holds a Zacks Rank of #3 (Hold).
In terms of valuation, Simon Property is currently trading at a Forward P/E ratio of 11.9. For comparison, its industry has an average Forward P/E of 14.25, which means Simon Property is trading at a discount to the group.
It's also important to note that SPG currently trades at a PEG ratio of 6.96. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. SPG's industry had an average PEG ratio of 3.51 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 25% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Simon Property (SPG) closed the latest trading day at $143.62, indicating a -0.51% change from the previous session's end. At the same time, our most recent consensus estimate is projecting a revenue of $1.45 billion, reflecting a 3.61% rise from the equivalent quarter last year. 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%. | Simon Property (SPG) closed the latest trading day at $143.62, indicating a -0.51% change from the previous session's end. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.14 per share and a revenue of $5.6 billion, representing changes of +2.27% and +5.79%, respectively, from the prior year. Click to get this free report Simon Property Group, Inc. (SPG) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 25% of over 250 industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. | Simon Property (SPG) closed the latest trading day at $143.62, indicating a -0.51% change from the previous session's end. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 25% of over 250 industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 87f7e04c-5d5d-43be-beb5-8c9d320d1c94 |
711089.0 | 2023-12-16 00:00:00 UTC | General Dynamics (GD) Rises But Trails Market: What Investors Should Know | DCOMP | https://www.nasdaq.com/articles/general-dynamics-gd-rises-but-trails-market%3A-what-investors-should-know | nan | nan | The latest trading session saw General Dynamics (GD) ending at $252.87, denoting a +0.13% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.45% for the day.
Analysts and investors alike will be keeping a close eye on the performance of General Dynamics in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.19, indicating a 17.04% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $12.48 billion, indicating a 15.02% upward movement from the same quarter last year.
GD's full-year Zacks Consensus Estimates are calling for earnings of $12.56 per share and revenue of $42.99 billion. These results would represent year-over-year changes of +3.04% and +9.1%, respectively.
Investors might also notice recent changes to analyst estimates for General Dynamics. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.25% lower. General Dynamics presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that General Dynamics has a Forward P/E ratio of 20.1 right now. This denotes a premium relative to the industry's average Forward P/E of 17.53.
It's also important to note that GD currently trades at a PEG ratio of 2.24. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense industry currently had an average PEG ratio of 1.92 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GD in the coming trading sessions, be sure to utilize Zacks.com.
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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General Dynamics Corporation (GD) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Analysts and investors alike will be keeping a close eye on the performance of General Dynamics in its upcoming earnings disclosure. Alongside, our most recent consensus estimate is anticipating revenue of $12.48 billion, indicating a 15.02% upward movement from the same quarter last year. 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%. | The latest trading session saw General Dynamics (GD) ending at $252.87, denoting a +0.13% adjustment from its last day's close. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report General Dynamics Corporation (GD) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. | The latest trading session saw General Dynamics (GD) ending at $252.87, denoting a +0.13% adjustment from its last day's close. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 88e4e6d2-e1f9-4e57-a4ae-0d89e7dd13ce |
711090.0 | 2023-12-16 00:00:00 UTC | Wolfspeed (WOLF) Rises But Trails Market: What Investors Should Know | DCOMP | https://www.nasdaq.com/articles/wolfspeed-wolf-rises-but-trails-market%3A-what-investors-should-know | nan | nan | In the latest trading session, Wolfspeed (WOLF) closed at $43.33, marking a +0.02% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.45% for the day.
The investment community will be closely monitoring the performance of Wolfspeed in its forthcoming earnings report. In that report, analysts expect Wolfspeed to post earnings of -$0.63 per share. This would mark a year-over-year decline of 472.73%. Meanwhile, the latest consensus estimate predicts the revenue to be $205.94 million, indicating a 4.7% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of -$2.35 per share and a revenue of $884.69 million, demonstrating changes of -62.07% and -4.04%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Wolfspeed. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Wolfspeed presently features a Zacks Rank of #3 (Hold).
The Semiconductor - Discretes industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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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Wolfspeed (WOLF) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Meanwhile, the latest consensus estimate predicts the revenue to be $205.94 million, indicating a 4.7% decrease compared to the same quarter of the previous year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. 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%. | In the latest trading session, Wolfspeed (WOLF) closed at $43.33, marking a +0.02% move from the previous day. For the full year, the Zacks Consensus Estimates project earnings of -$2.35 per share and a revenue of $884.69 million, demonstrating changes of -62.07% and -4.04%, respectively, from the preceding year. Click to get this free report Wolfspeed (WOLF) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | In the latest trading session, Wolfspeed (WOLF) closed at $43.33, marking a +0.02% move from the previous day. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | f4e6c2a4-03fa-4ce4-8d45-8d0bc1612146 |
711091.0 | 2023-12-16 00:00:00 UTC | Meritage Homes (MTH) Stock Slides as Market Rises: Facts to Know Before You Trade | DCOMP | https://www.nasdaq.com/articles/meritage-homes-mth-stock-slides-as-market-rises%3A-facts-to-know-before-you-trade | nan | nan | In the latest market close, Meritage Homes (MTH) reached $171.13, with a -1.1% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Meritage Homes will be of great interest to investors. The company's earnings report is expected on January 31, 2024. The company's earnings per share (EPS) are projected to be $5.24, reflecting a 26.09% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.54 billion, indicating a 22.56% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $19.65 per share and a revenue of $5.99 billion, indicating changes of -26.51% and -4.45%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Meritage Homes. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Meritage Homes boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Meritage Homes is currently exchanging hands at a Forward P/E ratio of 8.8. For comparison, its industry has an average Forward P/E of 10.4, which means Meritage Homes is trading at a discount to the group.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 54, placing it within the top 22% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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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Meritage Homes Corporation (MTH) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Meanwhile, the latest consensus estimate predicts the revenue to be $1.54 billion, indicating a 22.56% decrease compared to the same quarter of the previous year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. 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%. | Meanwhile, the latest consensus estimate predicts the revenue to be $1.54 billion, indicating a 22.56% decrease compared to the same quarter of the previous year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $19.65 per share and a revenue of $5.99 billion, indicating changes of -26.51% and -4.45%, respectively, from the former year. Click to get this free report Meritage Homes Corporation (MTH) : Free Stock Analysis Report To read this article on Zacks.com click here. | At present, this industry carries a Zacks Industry Rank of 54, placing it within the top 22% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | At present, Meritage Homes boasts a Zacks Rank of #3 (Hold). At present, this industry carries a Zacks Industry Rank of 54, placing it within the top 22% of over 250 industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 18e85011-efed-4f3e-8b81-25640fabd8f0 |
711092.0 | 2023-12-16 00:00:00 UTC | Crown Castle (CCI) Stock Dips While Market Gains: Key Facts | DCOMP | https://www.nasdaq.com/articles/crown-castle-cci-stock-dips-while-market-gains%3A-key-facts | nan | nan | In the latest trading session, Crown Castle (CCI) closed at $112.42, marking a -0.37% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Crown Castle in its upcoming earnings disclosure. The company is expected to report EPS of $1.78, down 3.78% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.65 billion, down 6.54% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.51 per share and revenue of $6.96 billion, indicating changes of +1.76% and -0.43%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Crown Castle. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Crown Castle is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Crown Castle is currently being traded at a Forward P/E ratio of 15.02. This denotes a premium relative to the industry's average Forward P/E of 11.85.
Meanwhile, CCI's PEG ratio is currently 2.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the REIT and Equity Trust - Other industry had an average PEG ratio of 2.57.
The REIT and Equity Trust - Other industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 40% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest trading session, Crown Castle (CCI) closed at $112.42, marking a -0.37% move from the previous day. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%. | In the latest trading session, Crown Castle (CCI) closed at $112.42, marking a -0.37% move from the previous day. By the end of yesterday's trading, the REIT and Equity Trust - Other industry had an average PEG ratio of 2.57. Click to get this free report Crown Castle Inc. (CCI) : Free Stock Analysis Report To read this article on Zacks.com click here. | Crown Castle is holding a Zacks Rank of #3 (Hold) right now. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 40% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. | In the latest trading session, Crown Castle (CCI) closed at $112.42, marking a -0.37% move from the previous day. By the end of yesterday's trading, the REIT and Equity Trust - Other industry had an average PEG ratio of 2.57. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 9fe86341-3ca5-4bf6-991c-724559999ca5 |
711093.0 | 2023-12-16 00:00:00 UTC | BorgWarner (BWA) Stock Sinks As Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/borgwarner-bwa-stock-sinks-as-market-gains%3A-what-you-should-know-1 | nan | nan | BorgWarner (BWA) closed at $34.73 in the latest trading session, marking a -0.37% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.45%.
The investment community will be closely monitoring the performance of BorgWarner in its forthcoming earnings report. The company is expected to report EPS of $0.88, down 30.16% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.6 billion, showing a 12.39% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.74 per share and revenue of $14.59 billion, indicating changes of -18.7% and -7.66%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for BorgWarner. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.4% higher within the past month. BorgWarner currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, BorgWarner is currently exchanging hands at a Forward P/E ratio of 9.32. This signifies a discount in comparison to the average Forward P/E of 13.6 for its industry.
It's also important to note that BWA currently trades at a PEG ratio of 1.17. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Automotive - Original Equipment industry stood at 0.66 at the close of the market yesterday.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Simultaneously, our latest consensus estimate expects the revenue to be $3.6 billion, showing a 12.39% drop compared to the year-ago quarter. The average PEG ratio for the Automotive - Original Equipment industry stood at 0.66 at the close of the market yesterday. 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%. | The average PEG ratio for the Automotive - Original Equipment industry stood at 0.66 at the close of the market yesterday. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report BorgWarner Inc. (BWA) : Free Stock Analysis Report To read this article on Zacks.com click here. | Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 36% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | BorgWarner currently has a Zacks Rank of #3 (Hold). Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 36% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | dab8d50f-d841-466d-a756-bf4e085ef8eb |
711094.0 | 2023-12-16 00:00:00 UTC | Nokia (NOK) Stock Declines While Market Improves: Some Information for Investors | DCOMP | https://www.nasdaq.com/articles/nokia-nok-stock-declines-while-market-improves%3A-some-information-for-investors | nan | nan | Nokia (NOK) closed the most recent trading day at $3.23, moving -0.92% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of Nokia in its upcoming release. In that report, analysts expect Nokia to post earnings of $0.15 per share. This would mark a year-over-year decline of 6.25%. Alongside, our most recent consensus estimate is anticipating revenue of $6.85 billion, indicating a 9.89% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.36 per share and revenue of $24.56 billion, indicating changes of -21.74% and -6.09%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Nokia. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.25% lower. Nokia is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Nokia has a Forward P/E ratio of 9.06 right now. This denotes a discount relative to the industry's average Forward P/E of 14.22.
The Wireless Equipment industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Naming Top 10 Stocks for 2024
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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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Nokia Corporation (NOK) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Alongside, our most recent consensus estimate is anticipating revenue of $6.85 billion, indicating a 9.89% downward movement from the same quarter last year. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. 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%. | Nokia (NOK) closed the most recent trading day at $3.23, moving -0.92% from the previous trading session. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.36 per share and revenue of $24.56 billion, indicating changes of -21.74% and -6.09%, respectively, compared to the previous year. Click to get this free report Nokia Corporation (NOK) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% of over 250 industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. | The investment community will be paying close attention to the earnings performance of Nokia in its upcoming release. Investors should also note any recent changes to analyst estimates for Nokia. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% of over 250 industries. | 23bf65af-0bde-447f-afb0-c463b74220a2 |
711095.0 | 2023-12-16 00:00:00 UTC | D.R. Horton (DHI) Stock Sinks As Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/d.r.-horton-dhi-stock-sinks-as-market-gains%3A-what-you-should-know-2 | nan | nan | In the latest trading session, D.R. Horton (DHI) closed at $148.60, marking a -1.01% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.45%.
Analysts and investors alike will be keeping a close eye on the performance of D.R. Horton in its upcoming earnings disclosure. The company's earnings report is set to go public on January 23, 2024. The company is predicted to post an EPS of $2.86, indicating a 3.62% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $7.61 billion, up 4.79% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $14.18 per share and a revenue of $36.33 billion, demonstrating changes of +2.6% and +2.45%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for D.R. Horton. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.27% lower. Currently, D.R. Horton is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, D.R. Horton is currently exchanging hands at a Forward P/E ratio of 10.59. Its industry sports an average Forward P/E of 10.4, so one might conclude that D.R. Horton is trading at a premium comparatively.
One should further note that DHI currently holds a PEG ratio of 0.87. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Building Products - Home Builders industry held an average PEG ratio of 0.89.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 54, finds itself in the top 22% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DHI in the coming trading sessions, be sure to utilize Zacks.com.
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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D.R. Horton, Inc. (DHI) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company is predicted to post an EPS of $2.86, indicating a 3.62% growth compared to the equivalent quarter last year. As of the close of trade yesterday, the Building Products - Home Builders industry held an average PEG ratio of 0.89. 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%. | For the full year, the Zacks Consensus Estimates project earnings of $14.18 per share and a revenue of $36.33 billion, demonstrating changes of +2.6% and +2.45%, respectively, from the preceding year. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Building Products - Home Builders industry held an average PEG ratio of 0.89. | The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. This industry, currently bearing a Zacks Industry Rank of 54, finds itself in the top 22% echelons of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. | Horton is carrying a Zacks Rank of #3 (Hold). This industry, currently bearing a Zacks Industry Rank of 54, finds itself in the top 22% echelons of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | a58acf62-6c31-4c25-ad67-38d22ce62fcc |
711096.0 | 2023-12-16 00:00:00 UTC | KeyCorp (KEY) Stock Sinks As Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/keycorp-key-stock-sinks-as-market-gains%3A-what-you-should-know-2 | nan | nan | The latest trading session saw KeyCorp (KEY) ending at $14.11, denoting a -1.47% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of KeyCorp in its upcoming release. The company is slated to reveal its earnings on January 18, 2024. The company is expected to report EPS of $0.24, down 36.84% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.55 billion, down 17.89% from the year-ago period.
KEY's full-year Zacks Consensus Estimates are calling for earnings of $1.07 per share and revenue of $6.4 billion. These results would represent year-over-year changes of -44.27% and -11.6%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for KeyCorp. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.6% lower within the past month. KeyCorp is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, KeyCorp is currently exchanging hands at a Forward P/E ratio of 13.38. This represents a premium compared to its industry's average Forward P/E of 10.3.
Investors should also note that KEY has a PEG ratio of 3.11 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Banks - Major Regional was holding an average PEG ratio of 1.75 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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KeyCorp (KEY) : 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 investment community will be paying close attention to the earnings performance of KeyCorp in its upcoming release. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%. | This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Banks - Major Regional was holding an average PEG ratio of 1.75 at yesterday's closing price. Click to get this free report KeyCorp (KEY) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. | This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. With its current Zacks Industry Rank of 92, this industry ranks in the top 37% of all industries, numbering over 250. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 717cf8aa-fa4c-4670-a12c-788af419bee3 |
711097.0 | 2023-12-16 00:00:00 UTC | Eagle Materials (EXP) Stock Drops Despite Market Gains: Important Facts to Note | DCOMP | https://www.nasdaq.com/articles/eagle-materials-exp-stock-drops-despite-market-gains%3A-important-facts-to-note-0 | nan | nan | Eagle Materials (EXP) closed at $203.31 in the latest trading session, marking a -0.12% move from the prior day. This change lagged the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Eagle Materials in its upcoming earnings disclosure. The company is predicted to post an EPS of $3.56, indicating a 11.25% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $537.23 million, indicating a 5.03% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.16 per share and a revenue of $2.24 billion, signifying shifts of +13.01% and +4.37%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Eagle Materials. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.14% rise in the Zacks Consensus EPS estimate. Eagle Materials is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Eagle Materials is holding a Forward P/E ratio of 14.38. Its industry sports an average Forward P/E of 12.83, so one might conclude that Eagle Materials is trading at a premium comparatively.
The Building Products - Concrete and Aggregates industry is part of the Construction sector. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 41% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EXP in the coming trading sessions, be sure to utilize Zacks.com.
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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Eagle Materials Inc (EXP) : 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. | Meanwhile, the latest consensus estimate predicts the revenue to be $537.23 million, indicating a 5.03% increase compared to the same quarter of the previous year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.16 per share and a revenue of $2.24 billion, signifying shifts of +13.01% and +4.37%, respectively, from the last year. 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%. | The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.14% rise in the Zacks Consensus EPS estimate. Click to get this free report Eagle Materials Inc (EXP) : Free Stock Analysis Report To read this article on Zacks.com click here. | Eagle Materials is holding a Zacks Rank of #3 (Hold) right now. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 41% of all industries, numbering over 250. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. | Eagle Materials is holding a Zacks Rank of #3 (Hold) right now. With its current Zacks Industry Rank of 151, this industry ranks in the bottom 41% of all industries, numbering over 250. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 1053a4a6-d283-4f28-a43a-cd9f66255927 |
711098.0 | 2023-12-16 00:00:00 UTC | Volkswagen AG Unsponsored ADR (VWAGY) Stock Sinks As Market Gains: What You Should Know | DCOMP | https://www.nasdaq.com/articles/volkswagen-ag-unsponsored-adr-vwagy-stock-sinks-as-market-gains%3A-what-you-should-know-0 | nan | nan | The latest trading session saw Volkswagen AG Unsponsored ADR (VWAGY) ending at $13.30, denoting a -1.34% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of Volkswagen AG Unsponsored ADR in its upcoming release.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Volkswagen AG Unsponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.51% lower. Volkswagen AG Unsponsored ADR is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Volkswagen AG Unsponsored ADR currently has a Forward P/E ratio of 4.16. Its industry sports an average Forward P/E of 6.4, so one might conclude that Volkswagen AG Unsponsored ADR is trading at a discount comparatively.
We can additionally observe that VWAGY currently boasts a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Foreign was holding an average PEG ratio of 0.39 at yesterday's closing price.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 22, finds itself in the top 9% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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Volkswagen AG Unsponsored ADR (VWAGY) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The latest trading session saw Volkswagen AG Unsponsored ADR (VWAGY) ending at $13.30, denoting a -1.34% adjustment from its last day's close. The investment community will be paying close attention to the earnings performance of Volkswagen AG Unsponsored ADR in its upcoming release. 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%. | The latest trading session saw Volkswagen AG Unsponsored ADR (VWAGY) ending at $13.30, denoting a -1.34% adjustment from its last day's close. Volkswagen AG Unsponsored ADR is currently sporting a Zacks Rank of #3 (Hold). Click to get this free report Volkswagen AG Unsponsored ADR (VWAGY) : Free Stock Analysis Report To read this article on Zacks.com click here. | Volkswagen AG Unsponsored ADR is currently sporting a Zacks Rank of #3 (Hold). This industry, currently bearing a Zacks Industry Rank of 22, finds itself in the top 9% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. | The investment community will be paying close attention to the earnings performance of Volkswagen AG Unsponsored ADR in its upcoming release. Volkswagen AG Unsponsored ADR is currently sporting a Zacks Rank of #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | dc22f4d8-9815-42cd-abfa-22d3d1d6a034 |
711099.0 | 2023-12-16 00:00:00 UTC | Rockwell Automation (ROK) Ascends But Remains Behind Market: Some Facts to Note | DCOMP | https://www.nasdaq.com/articles/rockwell-automation-rok-ascends-but-remains-behind-market%3A-some-facts-to-note | nan | nan | In the latest market close, Rockwell Automation (ROK) reached $305.30, with a +0.31% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.45% for the day.
Market participants will be closely following the financial results of Rockwell Automation in its upcoming release. It is anticipated that the company will report an EPS of $2.61, marking a 6.1% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.07 billion, up 4.57% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.82 per share and revenue of $9.26 billion, which would represent changes of +5.78% and +2.28%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Rockwell Automation. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% lower. Rockwell Automation is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Rockwell Automation is currently exchanging hands at a Forward P/E ratio of 23.75. Its industry sports an average Forward P/E of 28.65, so one might conclude that Rockwell Automation is trading at a discount comparatively.
Investors should also note that ROK has a PEG ratio of 2.33 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Industrial Automation and Robotics industry had an average PEG ratio of 6.49 as trading concluded yesterday.
The Industrial Automation and Robotics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ROK in the coming trading sessions, be sure to utilize Zacks.com.
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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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
Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the latest market close, Rockwell Automation (ROK) reached $305.30, with a +0.31% movement compared to the previous day. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%. | In the latest market close, Rockwell Automation (ROK) reached $305.30, with a +0.31% movement compared to the previous day. The Industrial Automation and Robotics industry had an average PEG ratio of 6.49 as trading concluded yesterday. Click to get this free report Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report To read this article on Zacks.com click here. | The Industrial Automation and Robotics industry had an average PEG ratio of 6.49 as trading concluded yesterday. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. | It is anticipated that the company will report an EPS of $2.61, marking a 6.1% rise compared to the same quarter of the previous year. Rockwell Automation is holding a Zacks Rank of #3 (Hold) right now. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? | 818c218b-8b10-4f77-8d6f-6db15d249726 |
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