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711100.0
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2023-12-16 00:00:00 UTC
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Southwest Airlines (LUV) Stock Declines While Market Improves: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/southwest-airlines-luv-stock-declines-while-market-improves%3A-some-information-for
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nan
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nan
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Southwest Airlines (LUV) closed the most recent trading day at $28.97, moving -0.14% from the previous trading session. This change lagged the S&P 500's daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of Southwest Airlines in its upcoming release. The company is forecasted to report an EPS of $0.15, showcasing a 139.47% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $6.75 billion, indicating a 9.33% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.39 per share and a revenue of $25.99 billion, signifying shifts of +19.83% and +9.13%, respectively, from the last year.
Any recent changes to analyst estimates for Southwest Airlines 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.38% rise in the Zacks Consensus EPS estimate. Southwest Airlines currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Southwest Airlines is presently being traded at a Forward P/E ratio of 20.81. This denotes a premium relative to the industry's average Forward P/E of 7.42.
We can additionally observe that LUV currently boasts a PEG ratio of 1.27. 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 Transportation - Airline industry currently had an average PEG ratio of 0.32 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% 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.
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.
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
Southwest Airlines Co. (LUV) : 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.
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In the meantime, our current consensus estimate forecasts the revenue to be $6.75 billion, indicating a 9.33% growth compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.39 per share and a revenue of $25.99 billion, signifying shifts of +19.83% and +9.13%, 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%.
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Southwest Airlines (LUV) closed the most recent trading day at $28.97, moving -0.14% from the previous trading session. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Click to get this free report Southwest Airlines Co. (LUV) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 188, positioning it in the bottom 26% 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.
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Southwest Airlines (LUV) closed the most recent trading day at $28.97, moving -0.14% from the previous trading session. Southwest Airlines currently has a Zacks Rank of #3 (Hold). The Transportation - Airline industry currently had an average PEG ratio of 0.32 as of yesterday's close.
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6c3d901f-742f-4d87-a17d-7e6996ba5bc9
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711101.0
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2023-12-16 00:00:00 UTC
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Top Stock Picks for Week of December 18, 2023
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DCOMP
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https://www.nasdaq.com/articles/top-stock-picks-for-week-of-december-18-2023
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nan
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nan
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Tesla (TSLA) has evolved into a dynamic technology innovator. It has transformed the EV space like Amazon changed the retail landscape and Netflix revolutionized entertainment. Tesla snapped its 10-quarter winning streak in the third quarter of 2023 but maintains strong long-term potential. The 20% stock decline over the past month offers a buying opportunity. We expect deliveries to see an annualized growth of around 37% in 2023. Production ramp-up at Gigafactory 4 and 5 and the introduction of new models, including Semi and Cybertruck, are set to support long-term delivery growth. We anticipate automotive revenues to rise more than 16% this year. Additionally, Tesla’s energy generation and storage revenue outlook is promising. Robust liquidity and the solid potential of its charging business are other positives. While shrinking margins remain a near-term concern, we expect Tesla to deliver outsized returns in the long run on the back of output ramp-up and the introduction of new models. Tesla's automotive revenues, which represent roughly 90% of the company’s total revenues, are boosting the overall results. High liquidity and low leverage provide Tesla with the financial flexibility to tap growth opportunities.
Cboe Global Markets, Inc. (CBOE) (effective Oct 17, 2017, CBOE Holdings, Inc. came to be known as Cboe Global Markets, Inc.) is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Shares of Cboe Global have outperformed the industry over the past year. Strategic acquisitions are improving its competitive edge by diversifying its portfolio, adding capabilities, generating expense synergies and through expansion into new geographies. For 2023, Cboe projects organic net revenue growth to be in the range of 7%-9% and continues to expect Data and Access Solutions organic net revenue growth in the range of 7%-10%. CBOE Global remains on track to grow its recurring non-transaction revenues. Trading volume growth should continue to drive transaction fee. Strong liquidity has been aiding capital deployment. Cboe Global’s debt has been decreasing over the past several quarters. Cboe Global’s return on equity of 22.2% improved 100 basis points year over year and bettered the industry average of 12.4%.
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
Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : 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 shrinking margins remain a near-term concern, we expect Tesla to deliver outsized returns in the long run on the back of output ramp-up and the introduction of new models. Strategic acquisitions are improving its competitive edge by diversifying its portfolio, adding capabilities, generating expense synergies and through expansion into new geographies. 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%.
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Cboe Global Markets, Inc. (CBOE) (effective Oct 17, 2017, CBOE Holdings, Inc. came to be known as Cboe Global Markets, Inc.) is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. For 2023, Cboe projects organic net revenue growth to be in the range of 7%-9% and continues to expect Data and Access Solutions organic net revenue growth in the range of 7%-10%. Click to get this free report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Cboe Global Markets, Inc. (CBOE) (effective Oct 17, 2017, CBOE Holdings, Inc. came to be known as Cboe Global Markets, Inc.) is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. For 2023, Cboe projects organic net revenue growth to be in the range of 7%-9% and continues to expect Data and Access Solutions organic net revenue growth in the range of 7%-10%. Click to get this free report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Tesla's automotive revenues, which represent roughly 90% of the company’s total revenues, are boosting the overall results. Cboe Global Markets, Inc. (CBOE) (effective Oct 17, 2017, CBOE Holdings, Inc. came to be known as Cboe Global Markets, Inc.) is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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b79a58dc-5f10-411b-a731-a724f7d9da72
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711102.0
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2023-12-16 00:00:00 UTC
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Why Pfizer Stock Was a Winner on Monday
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DCOMP
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https://www.nasdaq.com/articles/why-pfizer-stock-was-a-winner-on-monday
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nan
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nan
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The success of drug developers hinges on regulatory approvals for their medications. Considering that, it was hardly surprising that Pfizer (NYSE: PFE) stock had a good Monday on the market. Following its latest Food and Drug Administration (FDA) nod, the company's shares closed the day 1.6% higher, topping the S&P 500 index's 0.5% rise.
Cancer drug Padcev approved
That morning, Pfizer divulged that the FDA approved Padcev, the cancer drug developed with Japan's Astellas Pharma, to treat bladder cancer. Padcev has won the nod as part of a first-line combination therapy with Keytruda, Merck's blockbuster cancer drug.
The FDA's approval is based on the results of a phase 3 clinical trial of the two drugs used in combination. These demonstrated that taken together, the pair lowered the risk of death by 53% in patients with previously untreated bladder cancer, when compared to traditional chemotherapy.
This is not Padcev's first approval. It won its inaugural FDA nod for treating bladder cancer at the end of 2019, however that was limited to patients with certain types of cases.
News of the latest approval comes mere days after Pfizer announced the completion of its acquisition of Seagen, Padcev's developer. In May, Pfizer offered to pay a total of $43 billion in cash for the biotech.
Still in the laboratory
This isn't the end of the story for Padcev. It is currently being evaluated for use as a solo agent, and in combination with Keytruda for other forms of bladder cancer. Additionally, it is being studied to combat head and neck squamous cell carcinoma.
Should you invest $1,000 in Pfizer right now?
Before you buy stock in Pfizer, 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 Pfizer wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 18, 2023
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Merck and Pfizer. 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.
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Following its latest Food and Drug Administration (FDA) nod, the company's shares closed the day 1.6% higher, topping the S&P 500 index's 0.5% rise. These demonstrated that taken together, the pair lowered the risk of death by 53% in patients with previously untreated bladder cancer, when compared to traditional chemotherapy. News of the latest approval comes mere days after Pfizer announced the completion of its acquisition of Seagen, Padcev's developer.
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Cancer drug Padcev approved That morning, Pfizer divulged that the FDA approved Padcev, the cancer drug developed with Japan's Astellas Pharma, to treat bladder cancer. It won its inaugural FDA nod for treating bladder cancer at the end of 2019, however that was limited to patients with certain types of cases. Before you buy stock in Pfizer, 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 Pfizer wasn't one of them.
|
Cancer drug Padcev approved That morning, Pfizer divulged that the FDA approved Padcev, the cancer drug developed with Japan's Astellas Pharma, to treat bladder cancer. Before you buy stock in Pfizer, 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 Pfizer wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Eric Volkman has no position in any of the stocks mentioned.
|
Cancer drug Padcev approved That morning, Pfizer divulged that the FDA approved Padcev, the cancer drug developed with Japan's Astellas Pharma, to treat bladder cancer. Before you buy stock in Pfizer, 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 Pfizer wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Eric Volkman has no position in any of the stocks mentioned.
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d228577f-b2e8-4313-a8d4-0d964f11e004
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711103.0
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2023-12-16 00:00:00 UTC
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Unum (UNM) Outpaces Stock Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/unum-unm-outpaces-stock-market-gains%3A-what-you-should-know-2
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nan
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nan
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The most recent trading session ended with Unum (UNM) standing at $44.24, reflecting a +1.58% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.45%.
Analysts and investors alike will be keeping a close eye on the performance of Unum in its upcoming earnings disclosure. In that report, analysts expect Unum to post earnings of $1.87 per share. This would mark year-over-year growth of 30.77%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.13 billion, indicating a 4.38% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.74 per share and a revenue of $12.4 billion, signifying shifts of +24.64% and +3.27%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Unum. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.09% higher within the past month. Unum is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Unum is currently being traded at a Forward P/E ratio of 5.63. This indicates a discount in contrast to its industry's Forward P/E of 12.11.
One should further note that UNM currently holds a PEG ratio of 0.81. 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. Insurance - Accident and Health stocks are, on average, holding a PEG ratio of 1.4 based on yesterday's closing prices.
The Insurance - Accident and Health industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 20% 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.
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
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
Unum Group (UNM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.74 per share and a revenue of $12.4 billion, signifying shifts of +24.64% and +3.27%, respectively, from the last 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%.
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The most recent trading session ended with Unum (UNM) standing at $44.24, reflecting a +1.58% shift from the previouse trading day's closing. Insurance - Accident and Health stocks are, on average, holding a PEG ratio of 1.4 based on yesterday's closing prices. Click to get this free report Unum Group (UNM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Unum is holding a Zacks Rank of #3 (Hold) right now. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 20% 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.
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The most recent trading session ended with Unum (UNM) standing at $44.24, reflecting a +1.58% shift from the previouse trading day's closing. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 20% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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708e0f00-5bd5-418c-acef-5c8e1718c562
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711104.0
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2023-12-16 00:00:00 UTC
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Freeport-McMoRan (FCX) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/freeport-mcmoran-fcx-stock-dips-while-market-gains%3A-key-facts
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nan
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nan
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Freeport-McMoRan (FCX) closed the most recent trading day at $41.35, moving -0.36% from the previous trading session. This move lagged the S&P 500's daily gain of 0.45%.
Market participants will be closely following the financial results of Freeport-McMoRan in its upcoming release. In that report, analysts expect Freeport-McMoRan to post earnings of $0.32 per share. This would mark a year-over-year decline of 38.46%. At the same time, our most recent consensus estimate is projecting a revenue of $5.82 billion, reflecting a 1.16% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.54 per share and a revenue of $22.85 billion, indicating changes of -36.89% and +0.32%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Freeport-McMoRan. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 6.44% rise in the Zacks Consensus EPS estimate. As of now, Freeport-McMoRan holds a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Freeport-McMoRan is currently being traded at a Forward P/E ratio of 26.98. This represents a premium compared to its industry's average Forward P/E of 19.76.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 233, finds itself in the bottom 8% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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.
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
Freeport-McMoRan Inc. (FCX) : 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.
|
At the same time, our most recent consensus estimate is projecting a revenue of $5.82 billion, reflecting a 1.16% rise from the equivalent quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%.
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Freeport-McMoRan (FCX) closed the most recent trading day at $41.35, moving -0.36% from the previous trading session. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Click to get this free report Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry, currently bearing a Zacks Industry Rank of 233, finds itself in the bottom 8% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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%.
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Freeport-McMoRan (FCX) closed the most recent trading day at $41.35, moving -0.36% from the previous trading session. This industry, currently bearing a Zacks Industry Rank of 233, finds itself in the bottom 8% echelons of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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043f8c5f-3bb1-414d-97ce-9f9056ae9821
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711105.0
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2023-12-16 00:00:00 UTC
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United Parcel Service (UPS) Stock Falls Amid Market Uptick: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/united-parcel-service-ups-stock-falls-amid-market-uptick%3A-what-investors-need-to-know
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nan
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nan
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United Parcel Service (UPS) ended the recent trading session at $161.57, demonstrating a -0.84% swing from the preceding day's closing price. 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 United Parcel Service in its upcoming release. The company is slated to reveal its earnings on January 30, 2024. It is anticipated that the company will report an EPS of $2.47, marking a 31.77% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $25.41 billion, indicating a 5.99% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.80 per share and a revenue of $91.45 billion, representing changes of -31.99% and -8.85%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for United Parcel Service. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.19% lower. United Parcel Service is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, United Parcel Service is currently trading at a Forward P/E ratio of 18.52. This valuation marks a premium compared to its industry's average Forward P/E of 16.92.
One should further note that UPS currently holds a PEG ratio of 1.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Transportation - Air Freight and Cargo industry stood at 1.85 at the close of the market yesterday.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 217, placing it within the bottom 14% 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.
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
United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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United Parcel Service (UPS) ended the recent trading session at $161.57, demonstrating a -0.84% swing from the preceding day's closing price. 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%.
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United Parcel Service (UPS) ended the recent trading session at $161.57, demonstrating a -0.84% swing from the preceding day's closing price. The average PEG ratio for the Transportation - Air Freight and Cargo industry stood at 1.85 at the close of the market yesterday. Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At present, this industry carries a Zacks Industry Rank of 217, placing it within the bottom 14% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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United Parcel Service is currently sporting a Zacks Rank of #3 (Hold). At present, this industry carries a Zacks Industry Rank of 217, placing it within the bottom 14% of over 250 industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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c36af7a8-a30e-4045-b5d8-6e6b338c9de3
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711106.0
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2023-12-16 00:00:00 UTC
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PPG Industries (PPG) Ascends But Remains Behind Market: Some Facts to Note
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DCOMP
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https://www.nasdaq.com/articles/ppg-industries-ppg-ascends-but-remains-behind-market%3A-some-facts-to-note
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nan
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nan
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The most recent trading session ended with PPG Industries (PPG) standing at $148.75, reflecting a +0.05% shift from the previouse trading day's closing. 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 PPG Industries in its forthcoming earnings report. In that report, analysts expect PPG Industries to post earnings of $1.49 per share. This would mark year-over-year growth of 22.13%. Our most recent consensus estimate is calling for quarterly revenue of $4.27 billion, up 1.92% from the year-ago period.
PPG's full-year Zacks Consensus Estimates are calling for earnings of $7.64 per share and revenue of $18.16 billion. These results would represent year-over-year changes of +26.28% and +2.89%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for PPG Industries. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, PPG Industries holds a Zacks Rank of #3 (Hold).
From a valuation perspective, PPG Industries is currently exchanging hands at a Forward P/E ratio of 19.45. For comparison, its industry has an average Forward P/E of 17.88, which means PPG Industries is trading at a premium to the group.
One should further note that PPG currently holds a PEG ratio of 1.25. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Chemical - Specialty industry held an average PEG ratio of 2.77.
The Chemical - Specialty industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks 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
PPG Industries, Inc. (PPG) : 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.
|
Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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%.
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PPG's full-year Zacks Consensus Estimates are calling for earnings of $7.64 per share and revenue of $18.16 billion. 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 PPG Industries, Inc. (PPG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The most recent trading session ended with PPG Industries (PPG) standing at $148.75, reflecting a +0.05% shift from the previouse trading day's closing. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 31% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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The most recent trading session ended with PPG Industries (PPG) standing at $148.75, reflecting a +0.05% shift from the previouse trading day's closing. The investment community will be closely monitoring the performance of PPG Industries in its forthcoming earnings report. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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cdab7a74-85d4-41f2-94e2-1c8647b97f4e
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711107.0
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2023-12-16 00:00:00 UTC
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Extreme Networks (EXTR) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/extreme-networks-extr-stock-dips-while-market-gains%3A-key-facts
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nan
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nan
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Extreme Networks (EXTR) closed the most recent trading day at $17.89, moving -0.61% from the previous trading session. This move lagged the S&P 500's daily gain of 0.45%.
Market participants will be closely following the financial results of Extreme Networks in its upcoming release. In that report, analysts expect Extreme Networks to post earnings of $0.30 per share. This would mark year-over-year growth of 11.11%. At the same time, our most recent consensus estimate is projecting a revenue of $323.3 million, reflecting a 1.55% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.40 per share and a revenue of $1.38 billion, indicating changes of +28.44% and +5.31%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Extreme Networks. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Extreme Networks holds a Zacks Rank of #4 (Sell).
With respect to valuation, Extreme Networks is currently being traded at a Forward P/E ratio of 12.86. This represents a premium compared to its industry's average Forward P/E of 12.65.
We can also see that EXTR currently has a PEG ratio of 0.76. 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 Computer - Networking industry currently had an average PEG ratio of 0.78 as of yesterday's close.
The Computer - Networking industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 213, placing it within the bottom 16% 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.
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
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
Extreme Networks, Inc. (EXTR) : 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.
|
At the same time, our most recent consensus estimate is projecting a revenue of $323.3 million, reflecting a 1.55% rise from the equivalent quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%.
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Extreme Networks (EXTR) closed the most recent trading day at $17.89, moving -0.61% from the previous trading session. 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. Click to get this free report Extreme Networks, Inc. (EXTR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Extreme Networks (EXTR) closed the most recent trading day at $17.89, moving -0.61% from the previous trading session. At present, this industry carries a Zacks Industry Rank of 213, placing it within the bottom 16% 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.
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Extreme Networks (EXTR) closed the most recent trading day at $17.89, moving -0.61% from the previous trading session. As of now, Extreme Networks holds a Zacks Rank of #4 (Sell). The Computer - Networking industry currently had an average PEG ratio of 0.78 as of yesterday's close.
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15544a99-17d2-4f8b-809b-85476a5e9edf
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711108.0
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2023-12-16 00:00:00 UTC
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KB Home (KBH) Stock Falls Amid Market Uptick: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/kb-home-kbh-stock-falls-amid-market-uptick%3A-what-investors-need-to-know
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nan
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nan
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The most recent trading session ended with KB Home (KBH) standing at $60.36, reflecting a -0.46% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of KB Home in its upcoming earnings disclosure. The company is expected to report EPS of $1.67, down 32.39% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.61 billion, indicating a 17.11% downward movement from the same quarter last year.
Investors might also notice recent changes to analyst estimates for KB Home. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.31% fall in the Zacks Consensus EPS estimate. KB Home currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, KB Home is holding a Forward P/E ratio of 8.28. This valuation marks a discount compared to its industry's average Forward P/E of 10.4.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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.
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.
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
KB Home (KBH) : 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.
|
Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. 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%.
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The most recent trading session ended with KB Home (KBH) standing at $60.36, reflecting a -0.46% shift from the previouse trading day's closing. Click to get this free report KB Home (KBH) : 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.
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This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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. 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%.
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KB Home currently has a Zacks Rank of #3 (Hold). This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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e96cddbb-9473-48e9-bc54-9bca35cf0ee2
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711109.0
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2023-12-16 00:00:00 UTC
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Why Constellation Brands (STZ) Outpaced the Stock Market Today
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DCOMP
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https://www.nasdaq.com/articles/why-constellation-brands-stz-outpaced-the-stock-market-today
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nan
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nan
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In the latest market close, Constellation Brands (STZ) reached $238.89, with a +1.03% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.45%.
The investment community will be closely monitoring the performance of Constellation Brands in its forthcoming earnings report. The company is scheduled to release its earnings on January 5, 2024. It is anticipated that the company will report an EPS of $3.03, marking a 7.07% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.55 billion, indicating a 4.66% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $11.86 per share and a revenue of $10.07 billion, indicating changes of +11.36% and +6.48%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Constellation Brands. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.27% upward. Constellation Brands is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Constellation Brands currently has a Forward P/E ratio of 19.94. This valuation marks a premium compared to its industry's average Forward P/E of 18.72.
We can also see that STZ currently has a PEG ratio of 1.89. 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. STZ's industry had an average PEG ratio of 2.03 as of yesterday's close.
The Beverages - Alcohol industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% 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.
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.
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
Constellation Brands Inc (STZ) : 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 $2.55 billion, indicating a 4.66% increase compared to the same quarter of the previous year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. 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%.
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Meanwhile, the latest consensus estimate predicts the revenue to be $2.55 billion, indicating a 4.66% increase compared to the same quarter of the previous year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $11.86 per share and a revenue of $10.07 billion, indicating changes of +11.36% and +6.48%, respectively, from the former year. Click to get this free report Constellation Brands Inc (STZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% 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.
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In the latest market close, Constellation Brands (STZ) reached $238.89, with a +1.03% movement compared to the previous day. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% of over 250 industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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0b813840-7f84-4de3-a039-7ac847844a25
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711110.0
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2023-12-16 00:00:00 UTC
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Snap (SNAP) Beats Stock Market Upswing: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/snap-snap-beats-stock-market-upswing%3A-what-investors-need-to-know
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nan
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nan
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Snap (SNAP) ended the recent trading session at $17.02, demonstrating a +0.59% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day.
Investors will be eagerly watching for the performance of Snap in its upcoming earnings disclosure. On that day, Snap is projected to report earnings of $0.05 per share, which would represent a year-over-year decline of 64.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.36 billion, up 4.74% from the year-ago period.
SNAP's full-year Zacks Consensus Estimates are calling for earnings of $0.05 per share and revenue of $4.61 billion. These results would represent year-over-year changes of -70.59% and +0.2%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Snap. 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 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.36% higher within the past month. Snap is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Snap is currently being traded at a Forward P/E ratio of 314.79. This valuation marks a premium compared to its industry's average Forward P/E of 40.21.
We can additionally observe that SNAP currently boasts a PEG ratio of 22.81. 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 Internet - Software industry stood at 1.8 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 26, finds itself in the top 11% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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.
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
Snap Inc. (SNAP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
To 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 average PEG ratio for the Internet - Software industry stood at 1.8 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%.
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The average PEG ratio for the Internet - Software industry stood at 1.8 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 Snap Inc. (SNAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This industry, currently bearing a Zacks Industry Rank of 26, finds itself in the top 11% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Snap Inc. (SNAP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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On that day, Snap is projected to report earnings of $0.05 per share, which would represent a year-over-year decline of 64.29%. The average PEG ratio for the Internet - Software industry stood at 1.8 at the close of the market yesterday. This industry, currently bearing a Zacks Industry Rank of 26, finds itself in the top 11% echelons of all 250+ industries.
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27b37edf-7c40-49b5-a2f5-fcbfda4183d0
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711111.0
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2023-12-16 00:00:00 UTC
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Here's Why Kura Sushi (KRUS) Gained But Lagged the Market Today
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DCOMP
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https://www.nasdaq.com/articles/heres-why-kura-sushi-krus-gained-but-lagged-the-market-today
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nan
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nan
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In the latest trading session, Kura Sushi (KRUS) closed at $69.29, marking a +0.43% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.45% for the day.
Investors will be eagerly watching for the performance of Kura Sushi in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 4, 2024. The company is forecasted to report an EPS of -$0.13, showcasing a 38.1% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $52.2 million, showing a 32.76% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.43 per share and revenue of $241.15 million, indicating changes of +207.14% and +28.66%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Kura Sushi. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.74% higher. At present, Kura Sushi boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Kura Sushi is currently being traded at a Forward P/E ratio of 160.44. This denotes a premium relative to the industry's average Forward P/E of 22.03.
The Retail - Restaurants industry is part of the Retail-Wholesale 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 assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks 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
Kura Sushi USA, Inc. (KRUS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, Kura Sushi (KRUS) closed at $69.29, marking a +0.43% move from the previous day. Simultaneously, our latest consensus estimate expects the revenue to be $52.2 million, showing a 32.76% escalation compared to the year-ago quarter. 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%.
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In the latest trading session, Kura Sushi (KRUS) closed at $69.29, marking a +0.43% move from the previous day. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.43 per share and revenue of $241.15 million, indicating changes of +207.14% and +28.66%, respectively, compared to the previous year. Click to get this free report Kura Sushi USA, Inc. (KRUS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups.
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In the latest trading session, Kura Sushi (KRUS) closed at $69.29, marking a +0.43% move from the previous day. At present, Kura Sushi boasts a Zacks Rank of #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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106b9c94-91f6-4a84-8dbe-86cd86c93f4d
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711112.0
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2023-12-16 00:00:00 UTC
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Hubbell (HUBB) Stock Slides as Market Rises: Facts to Know Before You Trade
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DCOMP
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https://www.nasdaq.com/articles/hubbell-hubb-stock-slides-as-market-rises%3A-facts-to-know-before-you-trade
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nan
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nan
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The latest trading session saw Hubbell (HUBB) ending at $325.11, denoting a -0.1% adjustment from its last day's close. This change lagged the S&P 500's 0.45% gain on the day.
Market participants will be closely following the financial results of Hubbell in its upcoming release. The company is predicted to post an EPS of $3.59, indicating a 38.08% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.31 billion, indicating a 7.63% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.16 per share and a revenue of $5.34 billion, indicating changes of +42.75% and +7.92%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hubbell. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.14% decrease. As of now, Hubbell holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Hubbell is currently exchanging hands at a Forward P/E ratio of 21.46. This indicates a discount in contrast to its industry's Forward P/E of 21.55.
Meanwhile, HUBB's PEG ratio is currently 2.15. 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 Manufacturing - Electrical Utilities industry stood at 2.15 at the close of the market yesterday.
The Manufacturing - Electrical Utilities industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks 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
Hubbell Inc (HUBB) : 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.
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Meanwhile, the latest consensus estimate predicts the revenue to be $1.31 billion, indicating a 7.63% increase compared to the same quarter of the previous year. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. 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%.
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In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.16 per share and a revenue of $5.34 billion, indicating changes of +42.75% and +7.92%, respectively, from the former year. The average PEG ratio for the Manufacturing - Electrical Utilities industry stood at 2.15 at the close of the market yesterday. Click to get this free report Hubbell Inc (HUBB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This group has a Zacks Industry Rank of 92, putting it in the top 37% 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. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. 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?
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a0a5a0f6-266f-43d0-b193-cc97b81bd4e8
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711113.0
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2023-12-16 00:00:00 UTC
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RTX (RTX) Rises Higher Than Market: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/rtx-rtx-rises-higher-than-market%3A-key-facts
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nan
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nan
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RTX (RTX) closed the latest trading day at $80.69, indicating a +0.51% change from the previous session's end. This change outpaced the S&P 500's 0.45% gain on the day.
Market participants will be closely following the financial results of RTX in its upcoming release. It is anticipated that the company will report an EPS of $1.25, marking a 1.57% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $19.75 billion, reflecting a 9.15% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5 per share and revenue of $74.1 billion, which would represent changes of +4.6% and +10.47%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for RTX. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
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 past month, there's been no change in the Zacks Consensus EPS estimate. RTX is currently a Zacks Rank #3 (Hold).
In terms of valuation, RTX is currently trading at a Forward P/E ratio of 16.05. This signifies a discount in comparison to the average Forward P/E of 17.53 for its industry.
We can also see that RTX currently has a PEG ratio of 1.72. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. RTX's industry had an average PEG ratio of 1.92 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% 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 RTX 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.
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
RTX Corporation (RTX) : 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.
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At the same time, our most recent consensus estimate is projecting a revenue of $19.75 billion, reflecting a 9.15% rise from the equivalent quarter last year. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. 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%.
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RTX (RTX) closed the latest trading day at $80.69, 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 $19.75 billion, reflecting a 9.15% rise from the equivalent quarter last year. Click to get this free report RTX Corporation (RTX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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RTX (RTX) closed the latest trading day at $80.69, indicating a +0.51% change from the previous session's end. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Click to get this free report RTX Corporation (RTX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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RTX (RTX) closed the latest trading day at $80.69, indicating a +0.51% change from the previous session's end. This group has a Zacks Industry Rank of 45, putting it in the top 18% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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52f71986-715d-4d81-a81e-6b9d2593b004
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711114.0
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2023-12-16 00:00:00 UTC
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Nippon Steel shares slide more than 5% on US Steel acquisition
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DCOMP
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https://www.nasdaq.com/articles/nippon-steel-shares-slide-more-than-5-on-us-steel-acquisition
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nan
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nan
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Updates with more background, share price in paragraphs 4-6
TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T shares sank more than 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.
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.
LSEG data showed Nippon is paying the equivalent of 7.3 times U.S. Steel's 12-month earnings before interest, taxes, depreciation and amortisation (EBITDA).
Nippon Steel's shares were trading around 3,061 yen in early trade in Tokyo, down 5.5% from Monday's close, after being untraded with a glut of sellers after the open.
U.S. Steel shares ended trading up 26% at $49.59 on Monday
following the deal announcement.
(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.
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Updates with more background, share price in paragraphs 4-6 TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T shares sank more than 5% early on Tuesday after it clinched a deal to buy U.S. Steel X.N for $14.9 billion in cash. LSEG data showed Nippon is paying the equivalent of 7.3 times U.S. Steel's 12-month earnings before interest, taxes, depreciation and amortisation (EBITDA). U.S. Steel shares ended trading up 26% at $49.59 on Monday following the deal announcement.
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Updates with more background, share price in paragraphs 4-6 TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T shares sank more than 5% early on Tuesday after it clinched a deal to buy U.S. Steel X.N for $14.9 billion in cash. Nippon Steel's shares were trading around 3,061 yen in early trade in Tokyo, down 5.5% from Monday's close, after being untraded with a glut of sellers after the open. U.S. Steel shares ended trading up 26% at $49.59 on Monday following the deal announcement.
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Updates with more background, share price in paragraphs 4-6 TOKYO, Dec 19 (Reuters) - Nippon Steel 5401.T shares sank more than 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. Nippon Steel's shares were trading around 3,061 yen in early trade in Tokyo, down 5.5% from Monday's close, after being untraded with a glut of sellers after the open.
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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. Nippon Steel's shares were trading around 3,061 yen in early trade in Tokyo, down 5.5% from Monday's close, after being untraded with a glut of sellers after the open.
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73438811-a697-4d72-94b1-d32b53df259b
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711115.0
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2023-12-16 00:00:00 UTC
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Texas Instruments (TXN) Stock Falls Amid Market Uptick: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/texas-instruments-txn-stock-falls-amid-market-uptick%3A-what-investors-need-to-know
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nan
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nan
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Texas Instruments (TXN) closed at $167.42 in the latest trading session, marking a -0.72% 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 Texas Instruments will be of great interest to investors. The company's upcoming EPS is projected at $1.46, signifying a 31.46% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.11 billion, indicating a 11.92% decrease compared to the same quarter of the previous year.
TXN's full-year Zacks Consensus Estimates are calling for earnings of $7.04 per share and revenue of $17.56 billion. These results would represent year-over-year changes of -25.03% and -12.35%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Texas Instruments. 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 0.06% lower within the past month. At present, Texas Instruments boasts a Zacks Rank of #4 (Sell).
Digging into valuation, Texas Instruments currently has a Forward P/E ratio of 23.96. This signifies a premium in comparison to the average Forward P/E of 19.88 for its industry.
Meanwhile, TXN's PEG ratio is currently 2.66. 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 Semiconductor - General industry stood at 2.79 at the close of the market yesterday.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% 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
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
Texas Instruments Incorporated (TXN) : 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 $4.11 billion, indicating a 11.92% 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%.
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Texas Instruments (TXN) closed at $167.42 in the latest trading session, marking a -0.72% move from the prior day. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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This group has a Zacks Industry Rank of 181, putting it in the bottom 29% 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?
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Texas Instruments (TXN) closed at $167.42 in the latest trading session, marking a -0.72% move from the prior day. The average PEG ratio for the Semiconductor - General industry stood at 2.79 at the close of the market yesterday. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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fa793cc2-64d5-4345-8d9b-57e622054032
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711116.0
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2023-12-16 00:00:00 UTC
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Aehr Test Systems (AEHR) Beats Stock Market Upswing: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/aehr-test-systems-aehr-beats-stock-market-upswing%3A-what-investors-need-to-know
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nan
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nan
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The latest trading session saw Aehr Test Systems (AEHR) ending at $27.93, denoting a +1.05% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.45%.
The investment community will be closely monitoring the performance of Aehr Test Systems in its forthcoming earnings report. In that report, analysts expect Aehr Test Systems to post earnings of $0.18 per share. This would mark year-over-year growth of 12.5%. Our most recent consensus estimate is calling for quarterly revenue of $20.1 million, up 35.63% from the year-ago period.
AEHR's full-year Zacks Consensus Estimates are calling for earnings of $1.05 per share and revenue of $105.3 million. These results would represent year-over-year changes of +77.97% and +62.1%, respectively.
Investors might also notice recent changes to analyst estimates for Aehr Test Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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 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 remained steady. Right now, Aehr Test Systems possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Aehr Test Systems is presently trading at a Forward P/E ratio of 26.32. For comparison, its industry has an average Forward P/E of 28.47, which means Aehr Test Systems is trading at a discount to the group.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 202, placing it within the bottom 20% 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.
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.
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
Aehr Test Systems (AEHR) : 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 closely monitoring the performance of Aehr Test Systems in its forthcoming earnings report. 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%.
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In that report, analysts expect Aehr Test Systems to post earnings of $0.18 per share. AEHR's full-year Zacks Consensus Estimates are calling for earnings of $1.05 per share and revenue of $105.3 million. Click to get this free report Aehr Test Systems (AEHR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Right now, Aehr Test Systems possesses a Zacks Rank of #3 (Hold). The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Click to get this free report Aehr Test Systems (AEHR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Right now, Aehr Test Systems possesses a Zacks Rank of #3 (Hold). At present, this industry carries a Zacks Industry Rank of 202, placing it within the bottom 20% of over 250 industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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55111c7d-0ce8-49cf-9249-d81b659a4464
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711117.0
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2023-12-16 00:00:00 UTC
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Why American Express (AXP) Outpaced the Stock Market Today
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DCOMP
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https://www.nasdaq.com/articles/why-american-express-axp-outpaced-the-stock-market-today-0
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nan
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nan
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American Express (AXP) closed at $182.76 in the latest trading session, marking a +1.25% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.45%.
Investors will be eagerly watching for the performance of American Express in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 26, 2024. On that day, American Express is projected to report earnings of $2.62 per share, which would represent year-over-year growth of 26.57%. In the meantime, our current consensus estimate forecasts the revenue to be $16.01 billion, indicating a 12.96% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.20 per share and revenue of $60.73 billion, which would represent changes of +13.71% and +14.88%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for American Express. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. American Express currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, American Express is holding a Forward P/E ratio of 16.11. This represents a premium compared to its industry's average Forward P/E of 10.42.
It's also important to note that AXP currently trades at a PEG ratio of 1.12. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Miscellaneous Services was holding an average PEG ratio of 1.15 at yesterday's closing price.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 147, this industry ranks in the bottom 42% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to 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.
Be First to New Top 10 Stocks >>
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American Express Company (AXP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Express (AXP) closed at $182.76 in the latest trading session, marking a +1.25% move from the prior day. In the meantime, our current consensus estimate forecasts the revenue to be $16.01 billion, indicating a 12.96% growth 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%.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $11.20 per share and revenue of $60.73 billion, which would represent changes of +13.71% and +14.88%, respectively, from the prior year. The Financial - Miscellaneous Services was holding an average PEG ratio of 1.15 at yesterday's closing price. Click to get this free report American Express Company (AXP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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With its current Zacks Industry Rank of 147, this industry ranks in the bottom 42% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Click to get this free report American Express Company (AXP) : Free Stock Analysis Report To read this article on Zacks.com click here.
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On that day, American Express is projected to report earnings of $2.62 per share, which would represent year-over-year growth of 26.57%. American Express currently has a Zacks Rank of #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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3f9346a4-5e27-432e-b695-4f96b79e6438
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711118.0
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2023-12-16 00:00:00 UTC
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Rambus (RMBS) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/rambus-rmbs-stock-dips-while-market-gains%3A-key-facts-0
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nan
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nan
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In the latest market close, Rambus (RMBS) reached $68.62, with a -1.22% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Rambus will be of great interest to investors. In that report, analysts expect Rambus to post earnings of $0.45 per share. This would mark a year-over-year decline of 4.26%. Simultaneously, our latest consensus estimate expects the revenue to be $134.01 million, showing a 13.71% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.76 per share and a revenue of $556.63 million, representing changes of +0.57% and -2.64%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Rambus. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Rambus boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Rambus is presently trading at a Forward P/E ratio of 39.58. This indicates a premium in contrast to its industry's Forward P/E of 28.14.
It's also important to note that RMBS currently trades at a PEG ratio of 2.82. 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. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 4.32 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RMBS 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.
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
Rambus, Inc. (RMBS) : 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.
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Simultaneously, our latest consensus estimate expects the revenue to be $134.01 million, showing a 13.71% drop compared to the year-ago quarter. 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%.
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Simultaneously, our latest consensus estimate expects the revenue to be $134.01 million, showing a 13.71% drop compared to the year-ago quarter. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.76 per share and a revenue of $556.63 million, representing changes of +0.57% and -2.64%, respectively, from the prior year. Click to get this free report Rambus, Inc. (RMBS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 188, positioning it in the bottom 26% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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In that report, analysts expect Rambus to post earnings of $0.45 per share. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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0dd18308-9257-4ab6-a6ea-69a0f0a6c3a2
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711119.0
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2023-12-16 00:00:00 UTC
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W.P. Carey (WPC) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/w.p.-carey-wpc-stock-dips-while-market-gains%3A-key-facts
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nan
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The most recent trading session ended with W.P. Carey (WPC) standing at $63.92, reflecting a -1.3% shift from the previouse trading day's closing. 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 W.P. Carey in its upcoming release. The company's earnings per share (EPS) are projected to be $1.20, reflecting a 6.98% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $423.19 million, indicating a 5.11% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.20 per share and a revenue of $1.76 billion, indicating changes of -1.7% and +19.14%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for W.P. Carey. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. W.P. Carey currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that W.P. Carey has a Forward P/E ratio of 12.45 right now. This signifies a premium in comparison to the average Forward P/E of 11.85 for its industry.
Also, we should mention that WPC has a PEG ratio of 7.2. 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 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. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% 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.
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.
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
W.P. Carey Inc. (WPC) : 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.
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In the meantime, our current consensus estimate forecasts the revenue to be $423.19 million, indicating a 5.11% growth compared to the corresponding quarter of the prior year. To 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%.
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Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As the market closed yesterday, the REIT and Equity Trust - Other industry was having an average PEG ratio of 2.57. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% 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.
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Carey (WPC) standing at $63.92, reflecting a -1.3% shift from the previouse trading day's closing. Carey currently has a Zacks Rank of #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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bbb4360d-467b-443d-9db8-9392e2039b35
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711120.0
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2023-12-16 00:00:00 UTC
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Cal-Maine Foods (CALM) Stock Falls Amid Market Uptick: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/cal-maine-foods-calm-stock-falls-amid-market-uptick%3A-what-investors-need-to-know
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nan
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Cal-Maine Foods (CALM) ended the recent trading session at $55.19, demonstrating a -0.45% swing from the preceding day's closing price. 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 Cal-Maine Foods in its forthcoming earnings report.
Investors should also pay attention to any latest changes in analyst estimates for Cal-Maine Foods. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Cal-Maine Foods is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Cal-Maine Foods is presently being traded at a Forward P/E ratio of 26.65. For comparison, its industry has an average Forward P/E of 18.66, which means Cal-Maine Foods is trading at a premium to the group.
It is also worth noting that CALM currently has a PEG ratio of 1.6. 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. The Agriculture - Products industry currently had an average PEG ratio of 1.6 as of yesterday's close.
The Agriculture - Products industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 161, placing it within the bottom 37% 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.
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.
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
Cal-Maine Foods, Inc. (CALM) : 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.
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Cal-Maine Foods (CALM) ended the recent trading session at $55.19, demonstrating a -0.45% swing from the preceding day's closing price. 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%.
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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 Cal-Maine Foods, Inc. (CALM) : 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.
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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. At present, this industry carries a Zacks Industry Rank of 161, placing it within the bottom 37% 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.
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Cal-Maine Foods is holding a Zacks Rank of #4 (Sell) right now. The Agriculture - Products industry currently had an average PEG ratio of 1.6 as of yesterday's close. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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af27f187-00ce-4f99-a76a-f444e1496950
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711121.0
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2023-12-16 00:00:00 UTC
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Heico Corporation (HEI) Reports Q4 Earnings: What Key Metrics Have to Say
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DCOMP
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https://www.nasdaq.com/articles/heico-corporation-hei-reports-q4-earnings%3A-what-key-metrics-have-to-say
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nan
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nan
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For the quarter ended October 2023, Heico Corporation (HEI) reported revenue of $936.45 million, up 53.6% over the same period last year. EPS came in at $0.84, compared to $0.70 in the year-ago quarter.
The reported revenue represents a surprise of +6.11% over the Zacks Consensus Estimate of $882.52 million. With the consensus EPS estimate being $0.70, the EPS surprise was +20.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Heico Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Electronic Technologies Group (ETG): $342.54 million versus $327.18 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +27.6% change.
Net Sales- Flight Support Group (FSG): $601.67 million versus $524.11 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +73.9% change.
Net Sales- Corporate & Intersegment: -$7.76 million versus $39.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +59.4% change.
Operating income- Flight Support Group: $114.60 million compared to the $99.76 million average estimate based on four analysts.
Operating income- Electronic Technologies Group: $86.38 million versus the four-analyst average estimate of $79.24 million.
Operating income- Other, primarily corporate: -$11.54 million versus -$23.07 million estimated by three analysts on average.
View all Key Company Metrics for Heico Corporation here>>>
Shares of Heico Corporation have returned +7% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks 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
Heico Corporation (HEI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
For the quarter ended October 2023, Heico Corporation (HEI) reported revenue of $936.45 million, up 53.6% over the same period last year. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. 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%.
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Here is how Heico Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Electronic Technologies Group (ETG): $342.54 million versus $327.18 million estimated by five analysts on average. Net Sales- Flight Support Group (FSG): $601.67 million versus $524.11 million estimated by five analysts on average. Operating income- Electronic Technologies Group: $86.38 million versus the four-analyst average estimate of $79.24 million.
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Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Heico Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Electronic Technologies Group (ETG): $342.54 million versus $327.18 million estimated by five analysts on average. Operating income- Other, primarily corporate: -$11.54 million versus -$23.07 million estimated by three analysts on average.
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The reported revenue represents a surprise of +6.11% over the Zacks Consensus Estimate of $882.52 million. Here is how Heico Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Electronic Technologies Group (ETG): $342.54 million versus $327.18 million estimated by five analysts on average. View all Key Company Metrics for Heico Corporation here>>>
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4787cb25-a9b8-4dc8-a3f9-e11196bbaaf5
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711122.0
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2023-12-16 00:00:00 UTC
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Beazer Homes (BZH) Stock Sinks As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/beazer-homes-bzh-stock-sinks-as-market-gains%3A-what-you-should-know-4
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nan
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nan
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Beazer Homes (BZH) closed the most recent trading day at $31.10, moving -0.96% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.45% for the day.
The investment community will be paying close attention to the earnings performance of Beazer Homes in its upcoming release. The company is forecasted to report an EPS of $0.70, showcasing a 12.5% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $417.34 million, reflecting a 6.2% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.65 per share and revenue of $2.23 billion, indicating changes of -9.88% and +0.89%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Beazer Homes. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 10.85% downward. Currently, Beazer Homes is carrying a Zacks Rank of #4 (Sell).
In the context of valuation, Beazer Homes is at present trading with a Forward P/E ratio of 6.76. This represents a discount compared to its industry's average Forward P/E of 10.4.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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
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
Beazer Homes USA, Inc. (BZH) : 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.
|
At the same time, our most recent consensus estimate is projecting a revenue of $417.34 million, reflecting a 6.2% fall from the equivalent quarter last year. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. 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%.
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Beazer Homes (BZH) closed the most recent trading day at $31.10, moving -0.96% from the previous trading session. 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. Click to get this free report Beazer Homes USA, Inc. (BZH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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Beazer Homes (BZH) closed the most recent trading day at $31.10, moving -0.96% from the previous trading session. Currently, Beazer Homes is carrying a Zacks Rank of #4 (Sell). This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
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6312b21d-773f-45f7-8891-5809d394522f
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711123.0
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2023-12-16 00:00:00 UTC
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Kimberly-Clark (KMB) Rises Higher Than Market: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/kimberly-clark-kmb-rises-higher-than-market%3A-key-facts-0
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nan
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nan
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In the latest trading session, Kimberly-Clark (KMB) closed at $120.59, marking a +0.96% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.45%.
The investment community will be closely monitoring the performance of Kimberly-Clark in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.53, reflecting a 0.65% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $5.01 billion, indicating a 0.84% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.59 per share and a revenue of $20.47 billion, representing changes of +17.05% and +1.45%, respectively, from the prior year.
Any recent changes to analyst estimates for Kimberly-Clark should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Kimberly-Clark is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Kimberly-Clark is currently being traded at a Forward P/E ratio of 18.12. This expresses a discount compared to the average Forward P/E of 18.34 of its industry.
Also, we should mention that KMB has a PEG ratio of 2.19. 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. By the end of yesterday's trading, the Consumer Products - Staples industry had an average PEG ratio of 2.23.
The Consumer Products - Staples industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 178, this industry ranks in the bottom 30% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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
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
Kimberly-Clark Corporation (KMB) : 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.
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In the latest trading session, Kimberly-Clark (KMB) closed at $120.59, marking a +0.96% move from the previous day. In the meantime, our current consensus estimate forecasts the revenue to be $5.01 billion, indicating a 0.84% growth 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%.
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In the latest trading session, Kimberly-Clark (KMB) closed at $120.59, marking a +0.96% move from the previous day. 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. By the end of yesterday's trading, the Consumer Products - Staples industry had an average PEG ratio of 2.23.
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For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.59 per share and a revenue of $20.47 billion, representing changes of +17.05% and +1.45%, respectively, from the prior year. With its current Zacks Industry Rank of 178, this industry ranks in the bottom 30% of all industries, numbering over 250. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups.
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In the latest trading session, Kimberly-Clark (KMB) closed at $120.59, marking a +0.96% move from the previous day. With its current Zacks Industry Rank of 178, this industry ranks in the bottom 30% of all industries, numbering over 250. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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776dc42c-7bba-475c-b956-3c506a411276
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711124.0
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2023-12-16 00:00:00 UTC
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Amgen (AMGN) Advances But Underperforms Market: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/amgen-amgn-advances-but-underperforms-market%3A-key-facts
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nan
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nan
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Amgen (AMGN) closed the latest trading day at $275.48, indicating a +0.01% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.45% for the day.
The upcoming earnings release of Amgen will be of great interest to investors. It is anticipated that the company will report an EPS of $4.69, marking a 14.67% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $8.13 billion, indicating a 18.95% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.63 per share and a revenue of $28.13 billion, indicating changes of +5.31% and +6.86%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Amgen. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, 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 witnessed a 0.06% increase. Currently, Amgen is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Amgen is holding a Forward P/E ratio of 14.78. This indicates a discount in contrast to its industry's Forward P/E of 17.15.
We can also see that AMGN currently has a PEG ratio of 2.63. 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 Medical - Biomedical and Genetics industry currently had an average PEG ratio of 1.88 as of yesterday's close.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 58, finds itself in the top 24% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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.
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
Amgen Inc. (AMGN) : 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.
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In the meantime, our current consensus estimate forecasts the revenue to be $8.13 billion, indicating a 18.95% growth compared to the corresponding quarter of the prior 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%.
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The Medical - Biomedical and Genetics industry currently had an average PEG ratio of 1.88 as of yesterday's close. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report Amgen Inc. (AMGN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.63 per share and a revenue of $28.13 billion, indicating changes of +5.31% and +6.86%, respectively, from the former year. This industry, currently bearing a Zacks Industry Rank of 58, finds itself in the top 24% echelons of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups.
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The Medical - Biomedical and Genetics industry currently had an average PEG ratio of 1.88 as of yesterday's close. This industry, currently bearing a Zacks Industry Rank of 58, finds itself in the top 24% echelons of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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d34fd567-ee9d-45da-88b6-8b4750174e4a
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711125.0
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2023-12-16 00:00:00 UTC
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Truist Financial Corporation (TFC) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/truist-financial-corporation-tfc-stock-dips-while-market-gains%3A-key-facts
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nan
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nan
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In the latest market close, Truist Financial Corporation (TFC) reached $36.34, with a -0.98% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Truist Financial Corporation will be of great interest to investors. The company's earnings report is expected on January 18, 2024. In that report, analysts expect Truist Financial Corporation to post earnings of $0.88 per share. This would mark a year-over-year decline of 32.31%. Simultaneously, our latest consensus estimate expects the revenue to be $5.63 billion, showing a 9.29% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.76 per share and a revenue of $24.61 billion, representing changes of -24.19% and +6.83%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Truist Financial Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Truist Financial Corporation boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Truist Financial Corporation is presently trading at a Forward P/E ratio of 9.76. This indicates a discount in contrast to its industry's Forward P/E of 10.3.
It's also important to note that TFC currently trades at a PEG ratio of 2.19. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance 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 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.
To follow TFC 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.
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
Truist Financial Corporation (TFC) : 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, Truist Financial Corporation (TFC) reached $36.34, with a -0.98% movement compared to the previous day. 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%.
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For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.76 per share and a revenue of $24.61 billion, representing changes of -24.19% and +6.83%, respectively, from the prior year. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices. Click to get this free report Truist Financial Corporation (TFC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Truist Financial Corporation (TFC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the latest market close, Truist Financial Corporation (TFC) reached $36.34, with a -0.98% movement compared to the previous day. Looking at valuation, Truist Financial Corporation is presently trading at a Forward P/E ratio of 9.76. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries.
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e35da780-c2be-4863-af04-f27a543d3ecd
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711126.0
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2023-12-16 00:00:00 UTC
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Enbridge (ENB) Rises But Trails Market: What Investors Should Know
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DCOMP
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https://www.nasdaq.com/articles/enbridge-enb-rises-but-trails-market%3A-what-investors-should-know
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nan
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nan
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In the latest trading session, Enbridge (ENB) closed at $35.51, marking a +0.37% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.45%.
Investors will be eagerly watching for the performance of Enbridge in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.51, marking a 10.87% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $9.6 billion, indicating a 2.89% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $33.04 billion. These totals would mark changes of -6.48% and -19.47%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. 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. 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 last 30 days, the Zacks Consensus EPS estimate has moved 2.17% higher. Currently, Enbridge is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Enbridge is currently exchanging hands at a Forward P/E ratio of 17.51. This indicates a discount in contrast to its industry's Forward P/E of 17.6.
We can also see that ENB currently has a PEG ratio of 2.92. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Oil and Gas - Production and Pipelines industry was having an average PEG ratio of 4.79.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks 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
Enbridge Inc (ENB) : 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 meantime, our current consensus estimate forecasts the revenue to be $9.6 billion, indicating a 2.89% decline compared to the corresponding quarter of the prior year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $33.04 billion. 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%.
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In the latest trading session, Enbridge (ENB) closed at $35.51, marking a +0.37% move from the previous day. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $33.04 billion. As the market closed yesterday, the Oil and Gas - Production and Pipelines industry was having an average PEG ratio of 4.79.
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Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $33.04 billion. This group has a Zacks Industry Rank of 54, putting it in the top 22% 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.
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In the latest trading session, Enbridge (ENB) closed at $35.51, marking a +0.37% move from the previous day. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $33.04 billion. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
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39770737-7c1a-4b68-849c-c95d917933de
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711127.0
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2023-12-16 00:00:00 UTC
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Rambus (RMBS) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/rambus-rmbs-stock-dips-while-market-gains%3A-key-facts
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nan
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nan
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In the latest market close, Rambus (RMBS) reached $68.62, with a -1.22% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Rambus will be of great interest to investors. In that report, analysts expect Rambus to post earnings of $0.45 per share. This would mark a year-over-year decline of 4.26%. Simultaneously, our latest consensus estimate expects the revenue to be $134.01 million, showing a 13.71% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.76 per share and a revenue of $556.63 million, representing changes of +0.57% and -2.64%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Rambus. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Rambus boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Rambus is presently trading at a Forward P/E ratio of 39.58. This indicates a premium in contrast to its industry's Forward P/E of 28.14.
It's also important to note that RMBS currently trades at a PEG ratio of 2.82. 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. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 4.32 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RMBS 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.
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
Rambus, Inc. (RMBS) : 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.
|
Simultaneously, our latest consensus estimate expects the revenue to be $134.01 million, showing a 13.71% drop compared to the year-ago quarter. 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%.
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Simultaneously, our latest consensus estimate expects the revenue to be $134.01 million, showing a 13.71% drop compared to the year-ago quarter. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.76 per share and a revenue of $556.63 million, representing changes of +0.57% and -2.64%, respectively, from the prior year. Click to get this free report Rambus, Inc. (RMBS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 188, positioning it in the bottom 26% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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In that report, analysts expect Rambus to post earnings of $0.45 per share. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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2f6d2ff9-2ab3-4c92-820c-83a9815f4587
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711128.0
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2023-12-16 00:00:00 UTC
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Truist Financial Corporation (TFC) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/truist-financial-corporation-tfc-stock-dips-while-market-gains%3A-key-facts-0
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nan
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nan
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In the latest market close, Truist Financial Corporation (TFC) reached $36.34, with a -0.98% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Truist Financial Corporation will be of great interest to investors. The company's earnings report is expected on January 18, 2024. In that report, analysts expect Truist Financial Corporation to post earnings of $0.88 per share. This would mark a year-over-year decline of 32.31%. Simultaneously, our latest consensus estimate expects the revenue to be $5.63 billion, showing a 9.29% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.76 per share and a revenue of $24.61 billion, representing changes of -24.19% and +6.83%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Truist Financial Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Truist Financial Corporation boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Truist Financial Corporation is presently trading at a Forward P/E ratio of 9.76. This indicates a discount in contrast to its industry's Forward P/E of 10.3.
It's also important to note that TFC currently trades at a PEG ratio of 2.19. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance 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 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.
To follow TFC 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.
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
Truist Financial Corporation (TFC) : 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.
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In the latest market close, Truist Financial Corporation (TFC) reached $36.34, with a -0.98% movement compared to the previous day. 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%.
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For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.76 per share and a revenue of $24.61 billion, representing changes of -24.19% and +6.83%, respectively, from the prior year. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices. Click to get this free report Truist Financial Corporation (TFC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Truist Financial Corporation (TFC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the latest market close, Truist Financial Corporation (TFC) reached $36.34, with a -0.98% movement compared to the previous day. Looking at valuation, Truist Financial Corporation is presently trading at a Forward P/E ratio of 9.76. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 37% of all 250+ industries.
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54ff6869-202d-42c5-9a7e-19b6eae63ddb
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711129.0
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2023-12-16 00:00:00 UTC
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Schlumberger (SLB) Advances But Underperforms Market: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/schlumberger-slb-advances-but-underperforms-market%3A-key-facts
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nan
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nan
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Schlumberger (SLB) closed at $52.28 in the latest trading session, marking a +0.17% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.45%.
The investment community will be closely monitoring the performance of Schlumberger in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.84, reflecting a 18.31% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9 billion, up 14.21% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.97 per share and revenue of $33.12 billion, indicating changes of +36.24% and +17.91%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Schlumberger. 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.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Schlumberger currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Schlumberger is currently trading at a Forward P/E ratio of 17.59. This signifies a premium in comparison to the average Forward P/E of 17 for its industry.
One should further note that SLB currently holds a PEG ratio of 0.71. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 0.7 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 216, putting it in the bottom 15% 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.
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
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
Schlumberger Limited (SLB) : 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.
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To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 0.7 based on yesterday's closing prices. 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%.
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Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 0.7 based on yesterday's closing prices. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 0.7 based on yesterday's closing prices. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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Schlumberger (SLB) closed at $52.28 in the latest trading session, marking a +0.17% move from the prior day. Schlumberger currently has a Zacks Rank of #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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16562364-b505-4854-a9d1-e90475138222
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711130.0
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2023-12-16 00:00:00 UTC
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Astrazeneca (AZN) Exceeds Market Returns: Some Facts to Consider
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DCOMP
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https://www.nasdaq.com/articles/astrazeneca-azn-exceeds-market-returns%3A-some-facts-to-consider-0
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nan
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nan
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Astrazeneca (AZN) closed the most recent trading day at $65.95, moving +1.77% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.45%.
The investment community will be closely monitoring the performance of Astrazeneca in its forthcoming earnings report. On that day, Astrazeneca is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 8.7%. Meanwhile, our latest consensus estimate is calling for revenue of $12.09 billion, up 7.88% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.64 per share and a revenue of $45.89 billion, demonstrating changes of +9.31% and +3.46%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Astrazeneca. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.18% downward. Astrazeneca is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Astrazeneca is at present trading with a Forward P/E ratio of 17.82. For comparison, its industry has an average Forward P/E of 15.69, which means Astrazeneca is trading at a premium to the group.
Also, we should mention that AZN has a PEG ratio of 1.33. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Large Cap Pharmaceuticals industry currently had an average PEG ratio of 2.17 as of yesterday's close.
The Large Cap Pharmaceuticals industry is part of the Medical 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 evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks 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
AstraZeneca PLC (AZN) : 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.
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Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. 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%.
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For the full year, the Zacks Consensus Estimates project earnings of $3.64 per share and a revenue of $45.89 billion, demonstrating changes of +9.31% and +3.46%, respectively, from the preceding year. The Large Cap Pharmaceuticals industry currently had an average PEG ratio of 2.17 as of yesterday's close. Click to get this free report AstraZeneca PLC (AZN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups.
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Astrazeneca (AZN) closed the most recent trading day at $65.95, moving +1.77% from the previous trading session. 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?
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c073fd39-752f-4585-8ab7-6453877a52e9
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711131.0
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2023-12-16 00:00:00 UTC
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Levi Strauss (LEVI) Exceeds Market Returns: Some Facts to Consider
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DCOMP
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https://www.nasdaq.com/articles/levi-strauss-levi-exceeds-market-returns%3A-some-facts-to-consider
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nan
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nan
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Levi Strauss (LEVI) closed the most recent trading day at $15.56, moving +1.04% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day.
The investment community will be paying close attention to the earnings performance of Levi Strauss in its upcoming release. On that day, Levi Strauss is projected to report earnings of $0.43 per share, which would represent year-over-year growth of 26.47%. Our most recent consensus estimate is calling for quarterly revenue of $1.66 billion, up 4.6% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Levi Strauss. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.25% downward. Levi Strauss is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Levi Strauss is currently exchanging hands at a Forward P/E ratio of 11.76. For comparison, its industry has an average Forward P/E of 15.16, which means Levi Strauss is trading at a discount to the group.
It's also important to note that LEVI currently trades at a PEG ratio of 0.53. 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 Retail - Apparel and Shoes was holding an average PEG ratio of 1.55 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 136, finds itself in the bottom 47% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LEVI 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.
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
Levi Strauss & Co. (LEVI) : 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 Levi Strauss in its upcoming release. 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%.
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Levi Strauss (LEVI) closed the most recent trading day at $15.56, moving +1.04% from the previous trading session. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.55 at yesterday's closing price. Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Levi Strauss (LEVI) closed the most recent trading day at $15.56, moving +1.04% from the previous trading session. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Click to get this free report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Levi Strauss (LEVI) closed the most recent trading day at $15.56, moving +1.04% from the previous trading session. On that day, Levi Strauss is projected to report earnings of $0.43 per share, which would represent year-over-year growth of 26.47%. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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f2802af8-4831-40b8-a9f8-aac7f3305710
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711132.0
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2023-12-16 00:00:00 UTC
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Astrazeneca (AZN) Exceeds Market Returns: Some Facts to Consider
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DCOMP
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https://www.nasdaq.com/articles/astrazeneca-azn-exceeds-market-returns%3A-some-facts-to-consider
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nan
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nan
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Astrazeneca (AZN) closed the most recent trading day at $65.95, moving +1.77% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.45%.
The investment community will be closely monitoring the performance of Astrazeneca in its forthcoming earnings report. On that day, Astrazeneca is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 8.7%. Meanwhile, our latest consensus estimate is calling for revenue of $12.09 billion, up 7.88% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.64 per share and a revenue of $45.89 billion, demonstrating changes of +9.31% and +3.46%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Astrazeneca. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.18% downward. Astrazeneca is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Astrazeneca is at present trading with a Forward P/E ratio of 17.82. For comparison, its industry has an average Forward P/E of 15.69, which means Astrazeneca is trading at a premium to the group.
Also, we should mention that AZN has a PEG ratio of 1.33. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Large Cap Pharmaceuticals industry currently had an average PEG ratio of 2.17 as of yesterday's close.
The Large Cap Pharmaceuticals industry is part of the Medical 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 evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks 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
AstraZeneca PLC (AZN) : 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.
|
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. 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%.
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For the full year, the Zacks Consensus Estimates project earnings of $3.64 per share and a revenue of $45.89 billion, demonstrating changes of +9.31% and +3.46%, respectively, from the preceding year. The Large Cap Pharmaceuticals industry currently had an average PEG ratio of 2.17 as of yesterday's close. Click to get this free report AstraZeneca PLC (AZN) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups.
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Astrazeneca (AZN) closed the most recent trading day at $65.95, moving +1.77% from the previous trading session. 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?
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5379842a-1a33-48dc-8b8b-1c70099df65d
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711133.0
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2023-12-16 00:00:00 UTC
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Morgan Stanley (MS) Stock Sinks As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/morgan-stanley-ms-stock-sinks-as-market-gains%3A-what-you-should-know-10
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nan
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nan
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Morgan Stanley (MS) closed the most recent trading day at $90.76, moving -0.9% from the previous trading session. This change lagged the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Morgan Stanley will be of great interest to investors. The company's earnings report is expected on January 16, 2024. It is anticipated that the company will report an EPS of $1.23, marking a 6.11% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $12.93 billion, reflecting a 1.41% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.58 per share and revenue of $54.1 billion, indicating changes of -12.26% and +0.8%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Morgan Stanley. 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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Morgan Stanley currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Morgan Stanley currently has a Forward P/E ratio of 16.42. Its industry sports an average Forward P/E of 17.81, so one might conclude that Morgan Stanley is trading at a discount comparatively.
It's also important to note that MS currently trades at a PEG ratio of 2.67. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 200, putting it in the bottom 21% 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 MS 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.
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
Morgan Stanley (MS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
To 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. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices. 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%.
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Morgan Stanley (MS) closed the most recent trading day at $90.76, moving -0.9% from the previous trading session. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices. Click to get this free report Morgan Stanley (MS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Morgan Stanley (MS) closed the most recent trading day at $90.76, moving -0.9% from the previous trading session. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Click to get this free report Morgan Stanley (MS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Morgan Stanley currently has a Zacks Rank of #3 (Hold). 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%. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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41451f58-d112-4c0f-96c0-9aa28fc10cdb
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711134.0
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2023-12-16 00:00:00 UTC
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3 AI Stocks Poised for Explosive Growth in 2024
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DCOMP
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https://www.nasdaq.com/articles/3-ai-stocks-poised-for-explosive-growth-in-2024
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Businesses and consumers have used artificial intelligence (AI) before 2023, but ChatGPT’s launch thrust the technology into the spotlight. Many AI stocks led the stock market and outperformed major indices. Although AI stocks performed well in 2023, promising financials and tremendous runways suggest the rally can continue with plenty of AI stocks to buy for growth in 2024. Some of the biggest winners can continue to win, and smaller companies look poised to notch big gains.
Investors looking to outperform the market with promising AI stocks may want to consider these top picks.
Nvidia (NVDA)
Source: Poetra.RH / Shutterstock.com
Nvidia (NASDAQ:NVDA) alerted many investors about artificial intelligence investment opportunities. The company has always been dominant and gained more attention during the crypto boom.
The company’s GPU chips are the most popular choice for artificial intelligence tools. These tools rely on chips to run smoothly; many companies turn to Nvidia.
Nvidia’s data center business performed better than the company’s other segments. The data center segment generated $14.51 billion in revenue, representing a 279% year-over-year increase. As a whole, Nvidia reported 206% year-over-year revenue growth and 588% year-over-year net income growth.
The high net income growth makes Nvidia’s valuation more reasonable than many tech stocks. The valuation is exceptionally reasonable if you compare Nvidia to other members of the Magnificent Seven. The stock currently has a forward P/E ratio of 24.
Nvidia stock has gained 237% year-to-date. While this gain is impressive, revenue and earnings growth have been outpacing it. Investors shouldn’t expect Nvidia to post these types of numbers indefinitely. However, a few more quarters of 100% or higher year-over-year revenue and earnings growth will make the valuation promising for investors who buy shares at current levels.
Axcelis Technologies (ACLS)
Source: Pavel Kapysh / Shutterstock.com
Due to its ion implantation technology, Axcelis Technologies (NASDAQ:ACLS) is a reliable partner for many chipmakers. Axcelis’ Purion platform helps companies produce more effective chips in less time while saving money.
While other semiconductor stocks have reported lower revenue growth due to economic headwinds, Axcelis Technologies continues to march forward. The company reported $292.3 million in revenue, a 27.6% year-over-year increase. Net income came in at $65.9 million, representing 63.7% year-over-year growth.
While Nvidia has already become a trillion-dollar company, Axcelis Technologies is much smaller. Shares have a market cap below $5 billion and only trade at a 20 P/E ratio.
Analysts see a compelling opportunity with the stock and have an average price target of $182.25 per share within one year. Axcelis Technologies would have to gain roughly 30% to reach that price point. Shares previously traded above that price level and have an all-time high of $201/share.
ACM Research (ACMR)
Source: Pavel Kapysh / Shutterstock.com
ACM Research (NASDAQ:ACMR) produces advanced wafer cleaning and wet processing equipment that cleans semiconductor devices. The California-based company has gained 86% year-to-date and is up 423% over the past five years.
A 16 P/E ratio and a market cap of barely over $1 billion look promising for a company that reported year-over-year revenue and earnings growth above 20% in the third quarter.
While the company can compete with many artificial intelligence stocks, ACM Research’s main weakness is its over-reliance on China. In the third quarter and the past nine months, revenue from China accounted for more than 95% of the company’s total revenue.
Any geopolitical tensions can make the company more vulnerable to a pullback than most semiconductor stocks. ACM Research recently announced a partnership with a large U.S. manufacturer, which can help them diversify their revenue streams. Expanding into the U.S. and reaching a greater range of customers can mitigate risk and lead to more stock gains.
On this date of publication, Marc Guberti held long positions in NVDA and ACLS. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News & World Report, Benzinga, and Joy Wallet.
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The post 3 AI Stocks Poised for Explosive Growth 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.
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However, a few more quarters of 100% or higher year-over-year revenue and earnings growth will make the valuation promising for investors who buy shares at current levels. While other semiconductor stocks have reported lower revenue growth due to economic headwinds, Axcelis Technologies continues to march forward. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 AI Stocks Poised for Explosive Growth in 2024 appeared first on InvestorPlace.
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Nvidia (NVDA) Source: Poetra.RH / Shutterstock.com Nvidia (NASDAQ:NVDA) alerted many investors about artificial intelligence investment opportunities. As a whole, Nvidia reported 206% year-over-year revenue growth and 588% year-over-year net income growth. ACM Research (ACMR) Source: Pavel Kapysh / Shutterstock.com ACM Research (NASDAQ:ACMR) produces advanced wafer cleaning and wet processing equipment that cleans semiconductor devices.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Businesses and consumers have used artificial intelligence (AI) before 2023, but ChatGPT’s launch thrust the technology into the spotlight. As a whole, Nvidia reported 206% year-over-year revenue growth and 588% year-over-year net income growth. A 16 P/E ratio and a market cap of barely over $1 billion look promising for a company that reported year-over-year revenue and earnings growth above 20% in the third quarter.
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The high net income growth makes Nvidia’s valuation more reasonable than many tech stocks. Nvidia stock has gained 237% year-to-date. While Nvidia has already become a trillion-dollar company, Axcelis Technologies is much smaller.
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38a27bc3-99f3-4f0f-bdcc-c56c9a13c944
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711135.0
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2023-12-16 00:00:00 UTC
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M.D.C. Holdings, Inc. (MDC) Stock Sinks As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/m.d.c.-holdings-inc.-mdc-stock-sinks-as-market-gains%3A-what-you-should-know-2
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nan
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M.D.C. Holdings, Inc. (MDC) closed the most recent trading day at $52.64, moving -1% from the previous trading session. This change lagged the S&P 500's daily gain of 0.45%.
The upcoming earnings release of M.D.C. Holdings, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $1.44, marking a 33.33% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.29 billion, reflecting a 14.88% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.18 per share and revenue of $4.59 billion, indicating changes of -32.46% and -19.73%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for M.D.C. Holdings, Inc. 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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.22% higher. M.D.C. Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, M.D.C. Holdings, Inc. currently has a Forward P/E ratio of 10.27. Its industry sports an average Forward P/E of 10.4, so one might conclude that M.D.C. Holdings, Inc. is trading at a discount comparatively.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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.
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
M.D.C. Holdings, Inc. (MDC) : 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.
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At the same time, our most recent consensus estimate is projecting a revenue of $1.29 billion, reflecting a 14.88% fall from the equivalent quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%.
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M.D.C. Holdings, Inc. (MDC) closed the most recent trading day at $52.64, moving -1% from the previous trading session. At the same time, our most recent consensus estimate is projecting a revenue of $1.29 billion, reflecting a 14.88% fall from the equivalent quarter last year. Click to get this free report M.D.C. Holdings, Inc. (MDC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.18 per share and revenue of $4.59 billion, indicating changes of -32.46% and -19.73%, respectively, compared to the previous year. M.D.C. Holdings, Inc. currently has a Zacks Rank of #3 (Hold). 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.
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M.D.C. Holdings, Inc. (MDC) closed the most recent trading day at $52.64, moving -1% from the previous trading session. M.D.C. Holdings, Inc. currently has a Zacks Rank of #3 (Hold). This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
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f7126425-54e1-4633-897a-7fec4e318aa0
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711136.0
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2023-12-16 00:00:00 UTC
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M.D.C. Holdings, Inc. (MDC) Stock Sinks As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/m.d.c.-holdings-inc.-mdc-stock-sinks-as-market-gains%3A-what-you-should-know-1
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nan
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nan
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M.D.C. Holdings, Inc. (MDC) closed the most recent trading day at $52.64, moving -1% from the previous trading session. This change lagged the S&P 500's daily gain of 0.45%.
The upcoming earnings release of M.D.C. Holdings, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $1.44, marking a 33.33% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.29 billion, reflecting a 14.88% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.18 per share and revenue of $4.59 billion, indicating changes of -32.46% and -19.73%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for M.D.C. Holdings, Inc. 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.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.22% higher. M.D.C. Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, M.D.C. Holdings, Inc. currently has a Forward P/E ratio of 10.27. Its industry sports an average Forward P/E of 10.4, so one might conclude that M.D.C. Holdings, Inc. is trading at a discount comparatively.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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.
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
M.D.C. Holdings, Inc. (MDC) : 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.
|
At the same time, our most recent consensus estimate is projecting a revenue of $1.29 billion, reflecting a 14.88% fall from the equivalent quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%.
|
M.D.C. Holdings, Inc. (MDC) closed the most recent trading day at $52.64, moving -1% from the previous trading session. At the same time, our most recent consensus estimate is projecting a revenue of $1.29 billion, reflecting a 14.88% fall from the equivalent quarter last year. Click to get this free report M.D.C. Holdings, Inc. (MDC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.18 per share and revenue of $4.59 billion, indicating changes of -32.46% and -19.73%, respectively, compared to the previous year. M.D.C. Holdings, Inc. currently has a Zacks Rank of #3 (Hold). 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.
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M.D.C. Holdings, Inc. (MDC) closed the most recent trading day at $52.64, moving -1% from the previous trading session. M.D.C. Holdings, Inc. currently has a Zacks Rank of #3 (Hold). This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.
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960206fa-15cb-4f76-8c56-9958ed30cba7
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711137.0
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2023-12-16 00:00:00 UTC
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American Airlines (AAL) Stock Declines While Market Improves: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/american-airlines-aal-stock-declines-while-market-improves%3A-some-information-for-0
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nan
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nan
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American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. 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 American Airlines in its upcoming release. In that report, analysts expect American Airlines to post earnings of $0.03 per share. This would mark a year-over-year decline of 97.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.02 billion, down 1.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.40 per share and revenue of $52.76 billion, which would represent changes of +380% and +7.73%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To 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, 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, the Zacks Consensus EPS estimate has moved 0.25% higher. American Airlines is currently a Zacks Rank #3 (Hold).
In terms of valuation, American Airlines is currently trading at a Forward P/E ratio of 6.04. This valuation marks a discount compared to its industry's average Forward P/E of 7.42.
Meanwhile, AAL's PEG ratio is currently 0.11. 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 Transportation - Airline was holding an average PEG ratio of 0.32 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% 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.
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
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
American Airlines Group Inc. (AAL) : 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.
|
American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. 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%.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $2.40 per share and revenue of $52.76 billion, which would represent changes of +380% and +7.73%, respectively, from the prior year. The Transportation - Airline was holding an average PEG ratio of 0.32 at yesterday's closing price. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% 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.
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American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. American Airlines is currently a Zacks Rank #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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8e1b2cae-1b74-4a48-a400-7797fc1517a0
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711138.0
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2023-12-16 00:00:00 UTC
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Walgreens Boots Alliance (WBA) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/walgreens-boots-alliance-wba-stock-dips-while-market-gains%3A-key-facts-1
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nan
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In the latest market close, Walgreens Boots Alliance (WBA) reached $24.98, with a -0.87% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Walgreens Boots Alliance in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 4, 2024. On that day, Walgreens Boots Alliance is projected to report earnings of $0.68 per share, which would represent a year-over-year decline of 41.38%. Alongside, our most recent consensus estimate is anticipating revenue of $34.75 billion, indicating a 4.1% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.38 per share and revenue of $142.83 billion, indicating changes of -15.08% and +2.7%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Walgreens Boots Alliance. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Walgreens Boots Alliance is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Walgreens Boots Alliance's current valuation metrics, including its Forward P/E ratio of 7.45. For comparison, its industry has an average Forward P/E of 7.51, which means Walgreens Boots Alliance is trading at a discount to the group.
Also, we should mention that WBA has a PEG ratio of 1.49. 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 Retail - Pharmacies and Drug Stores industry currently had an average PEG ratio of 1.77 as of yesterday's close.
The Retail - Pharmacies and Drug Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% 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.
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.
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
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.
|
In the latest market close, Walgreens Boots Alliance (WBA) reached $24.98, with a -0.87% movement compared to the previous day. Alongside, our most recent consensus estimate is anticipating revenue of $34.75 billion, indicating a 4.1% 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%.
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In the latest market close, Walgreens Boots Alliance (WBA) reached $24.98, with a -0.87% movement compared to the previous day. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.38 per share and revenue of $142.83 billion, indicating changes of -15.08% and +2.7%, respectively, compared to the previous year. Click to get this free report Walgreens Boots Alliance, Inc. (WBA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Walgreens Boots Alliance is currently sporting a Zacks Rank of #4 (Sell). The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Click to get this free report Walgreens Boots Alliance, Inc. (WBA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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In the latest market close, Walgreens Boots Alliance (WBA) reached $24.98, with a -0.87% movement compared to the previous day. On that day, Walgreens Boots Alliance is projected to report earnings of $0.68 per share, which would represent a year-over-year decline of 41.38%. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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dfb8ea44-5236-4f05-aeff-deb37c3fa08a
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711139.0
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2023-12-16 00:00:00 UTC
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American Airlines (AAL) Stock Declines While Market Improves: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/american-airlines-aal-stock-declines-while-market-improves%3A-some-information-for-investors
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nan
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nan
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American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. 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 American Airlines in its upcoming release. In that report, analysts expect American Airlines to post earnings of $0.03 per share. This would mark a year-over-year decline of 97.44%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.02 billion, down 1.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.40 per share and revenue of $52.76 billion, which would represent changes of +380% and +7.73%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To 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, 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, the Zacks Consensus EPS estimate has moved 0.25% higher. American Airlines is currently a Zacks Rank #3 (Hold).
In terms of valuation, American Airlines is currently trading at a Forward P/E ratio of 6.04. This valuation marks a discount compared to its industry's average Forward P/E of 7.42.
Meanwhile, AAL's PEG ratio is currently 0.11. 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 Transportation - Airline was holding an average PEG ratio of 0.32 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% 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.
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
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
American Airlines Group Inc. (AAL) : 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.
|
American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. 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%.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $2.40 per share and revenue of $52.76 billion, which would represent changes of +380% and +7.73%, respectively, from the prior year. The Transportation - Airline was holding an average PEG ratio of 0.32 at yesterday's closing price. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% 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.
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American Airlines (AAL) ended the recent trading session at $14.24, demonstrating a -1.73% swing from the preceding day's closing price. American Airlines is currently a Zacks Rank #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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10a9be53-ab24-4f62-99c6-3968ffaecaa9
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711140.0
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2023-12-16 00:00:00 UTC
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Lockheed Martin (LMT) Laps the Stock Market: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/lockheed-martin-lmt-laps-the-stock-market%3A-heres-why
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nan
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nan
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Lockheed Martin (LMT) ended the recent trading session at $446.91, demonstrating a +1.15% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Lockheed Martin in its upcoming earnings disclosure. The company is predicted to post an EPS of $7.26, indicating a 6.8% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $18.05 billion, down 4.96% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $27.25 per share and a revenue of $66.63 billion, indicating changes of +0.07% and +0.98%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. Lockheed Martin currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 16.21. This represents a discount compared to its industry's average Forward P/E of 17.53.
Meanwhile, LMT's PEG ratio is currently 1.88. 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 Aerospace - Defense industry was having an average PEG ratio of 1.92.
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 assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks 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
Lockheed Martin Corporation (LMT) : 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.
|
Lockheed Martin (LMT) ended the recent trading session at $446.91, demonstrating a +1.15% swing from the preceding day's closing price. 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%.
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In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $27.25 per share and a revenue of $66.63 billion, indicating changes of +0.07% and +0.98%, respectively, from the former year. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
Lockheed Martin currently has a Zacks Rank of #3 (Hold). Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 16.21. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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f0dd76b6-c9d3-4579-a67c-04ef8c40ce1b
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711141.0
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2023-12-16 00:00:00 UTC
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Honda Motor (HMC) Exceeds Market Returns: Some Facts to Consider
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DCOMP
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https://www.nasdaq.com/articles/honda-motor-hmc-exceeds-market-returns%3A-some-facts-to-consider-1
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nan
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nan
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Honda Motor (HMC) closed at $29.81 in the latest trading session, marking a +1.26% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Honda Motor in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.78, showcasing a 23.53% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $37.68 billion, indicating a 19.76% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4 per share and revenue of $143.49 billion, indicating changes of +32.01% and +14.79%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Honda Motor. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.32% lower. Honda Motor currently has a Zacks Rank of #3 (Hold).
Investors should also note Honda Motor's current valuation metrics, including its Forward P/E ratio of 7.37. For comparison, its industry has an average Forward P/E of 6.4, which means Honda Motor is trading at a premium to the group.
Also, we should mention that HMC has a PEG ratio of 0.35. 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 Automotive - Foreign industry stood at 0.39 at the close of the market yesterday.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% 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.
To follow HMC 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.
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
Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the meantime, our current consensus estimate forecasts the revenue to be $37.68 billion, indicating a 19.76% growth compared to the corresponding quarter of the prior year. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. 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%.
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Honda Motor (HMC) closed at $29.81 in the latest trading session, marking a +1.26% move from the prior day. In the meantime, our current consensus estimate forecasts the revenue to be $37.68 billion, indicating a 19.76% growth compared to the corresponding quarter of the prior year. Click to get this free report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% 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. Click to get this free report Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Investors might also notice recent changes to analyst estimates for Honda Motor. Honda Motor currently has a Zacks Rank of #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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d9b0d19f-97e0-4ea7-bff9-f53fa7e997b5
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711142.0
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2023-12-16 00:00:00 UTC
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AGNC Investment (AGNC) Flat As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/agnc-investment-agnc-flat-as-market-gains%3A-what-you-should-know-0
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nan
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nan
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In the latest trading session, AGNC Investment (AGNC) closed at $9.73, marking no change from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.45%.
Analysts and investors alike will be keeping a close eye on the performance of AGNC Investment in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.49, indicating a 33.78% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $351.34 million, up 1305.34% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.52 per share and a revenue of $146.84 million, demonstrating changes of -18.97% and -84.38%, respectively, from the preceding year.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. 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 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, 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 Consensus EPS estimate has moved 0.2% higher within the past month. AGNC Investment is currently a Zacks Rank #3 (Hold).
In terms of valuation, AGNC Investment is presently being traded at a Forward P/E ratio of 3.87. This signifies a discount in comparison to the average Forward P/E of 7.74 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 199, finds itself in the bottom 22% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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
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
AGNC Investment Corp. (AGNC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Analysts and investors alike will be keeping a close eye on the performance of AGNC Investment in its upcoming earnings disclosure. 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%.
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In the latest trading session, AGNC Investment (AGNC) closed at $9.73, marking no change from the previous day. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. This industry, currently bearing a Zacks Industry Rank of 199, finds itself in the bottom 22% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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In the latest trading session, AGNC Investment (AGNC) closed at $9.73, marking no change from the previous day. AGNC Investment is currently a Zacks Rank #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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f079348c-66d5-48da-b5d1-a440fbea2616
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711143.0
|
2023-12-16 00:00:00 UTC
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Lockheed Martin (LMT) Laps the Stock Market: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/lockheed-martin-lmt-laps-the-stock-market%3A-heres-why-0
|
nan
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nan
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Lockheed Martin (LMT) ended the recent trading session at $446.91, demonstrating a +1.15% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Lockheed Martin in its upcoming earnings disclosure. The company is predicted to post an EPS of $7.26, indicating a 6.8% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $18.05 billion, down 4.96% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $27.25 per share and a revenue of $66.63 billion, indicating changes of +0.07% and +0.98%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. Lockheed Martin currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 16.21. This represents a discount compared to its industry's average Forward P/E of 17.53.
Meanwhile, LMT's PEG ratio is currently 1.88. 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 Aerospace - Defense industry was having an average PEG ratio of 1.92.
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 assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks 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
Lockheed Martin Corporation (LMT) : 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.
|
Lockheed Martin (LMT) ended the recent trading session at $446.91, demonstrating a +1.15% swing from the preceding day's closing price. 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 terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $27.25 per share and a revenue of $66.63 billion, indicating changes of +0.07% and +0.98%, respectively, from the former year. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
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 assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
Lockheed Martin currently has a Zacks Rank of #3 (Hold). Looking at its valuation, Lockheed Martin is holding a Forward P/E ratio of 16.21. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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f2cc9b52-5704-4cda-9e69-fcbf4d315a57
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711144.0
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2023-12-16 00:00:00 UTC
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AGNC Investment (AGNC) Flat As Market Gains: What You Should Know
|
DCOMP
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https://www.nasdaq.com/articles/agnc-investment-agnc-flat-as-market-gains%3A-what-you-should-know-1
|
nan
|
nan
|
In the latest trading session, AGNC Investment (AGNC) closed at $9.73, marking no change from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.45%.
Analysts and investors alike will be keeping a close eye on the performance of AGNC Investment in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.49, indicating a 33.78% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $351.34 million, up 1305.34% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.52 per share and a revenue of $146.84 million, demonstrating changes of -18.97% and -84.38%, respectively, from the preceding year.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. 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 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, 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 Consensus EPS estimate has moved 0.2% higher within the past month. AGNC Investment is currently a Zacks Rank #3 (Hold).
In terms of valuation, AGNC Investment is presently being traded at a Forward P/E ratio of 3.87. This signifies a discount in comparison to the average Forward P/E of 7.74 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 199, finds itself in the bottom 22% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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
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
AGNC Investment Corp. (AGNC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Analysts and investors alike will be keeping a close eye on the performance of AGNC Investment in its upcoming earnings disclosure. 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%.
|
In the latest trading session, AGNC Investment (AGNC) closed at $9.73, marking no change from the previous day. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report AGNC Investment Corp. (AGNC) : Free Stock Analysis Report To read this article on Zacks.com click here.
|
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. This industry, currently bearing a Zacks Industry Rank of 199, finds itself in the bottom 22% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
|
In the latest trading session, AGNC Investment (AGNC) closed at $9.73, marking no change from the previous day. AGNC Investment is currently a Zacks Rank #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
|
228bfecd-fc8c-4251-ab81-fe43402f71d6
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711145.0
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2023-12-16 00:00:00 UTC
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ServiceNow (NOW) Outperforms Broader Market: What You Need to Know
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DCOMP
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https://www.nasdaq.com/articles/servicenow-now-outperforms-broader-market%3A-what-you-need-to-know-0
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nan
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nan
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The most recent trading session ended with ServiceNow (NOW) standing at $703.72, reflecting a +0.78% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of ServiceNow in its upcoming release. The company is predicted to post an EPS of $2.78, indicating a 21.93% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.4 billion, up 23.47% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.44 per share and a revenue of $8.93 billion, representing changes of +37.55% and +23.27%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ServiceNow. 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, 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, the Zacks Consensus EPS estimate remained stagnant. ServiceNow is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, ServiceNow currently has a Forward P/E ratio of 66.89. This indicates a premium in contrast to its industry's Forward P/E of 26.82.
We can also see that NOW currently has a PEG ratio of 2.37. 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. NOW's industry had an average PEG ratio of 2.31 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 40, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks 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
ServiceNow, Inc. (NOW) : 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.
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As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. 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%.
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For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.44 per share and a revenue of $8.93 billion, representing changes of +37.55% and +23.27%, respectively, from the prior year. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Click to get this free report ServiceNow, Inc. (NOW) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. This group has a Zacks Industry Rank of 40, putting it in the top 16% 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.
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ServiceNow is currently sporting a Zacks Rank of #2 (Buy). This group has a Zacks Industry Rank of 40, putting it in the top 16% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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c08b6f9a-5a98-4dfa-8274-5cb31fea0c1e
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711146.0
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2023-12-16 00:00:00 UTC
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Procter & Gamble (PG) Laps the Stock Market: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/procter-gamble-pg-laps-the-stock-market%3A-heres-why-0
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nan
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nan
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The latest trading session saw Procter & Gamble (PG) ending at $146.17, denoting a +1.54% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Procter & Gamble in its upcoming earnings disclosure. In that report, analysts expect Procter & Gamble to post earnings of $1.71 per share. This would mark year-over-year growth of 7.55%. In the meantime, our current consensus estimate forecasts the revenue to be $21.73 billion, indicating a 4.63% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.42 per share and revenue of $85.17 billion, indicating changes of +8.81% and +3.85%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Procter & Gamble. 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.
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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Procter & Gamble is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Procter & Gamble is currently trading at a Forward P/E ratio of 22.41. For comparison, its industry has an average Forward P/E of 22.52, which means Procter & Gamble is trading at a discount to the group.
We can also see that PG currently has a PEG ratio of 2.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Soap and Cleaning Materials stocks are, on average, holding a PEG ratio of 3.21 based on yesterday's closing prices.
The Soap and Cleaning Materials industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 37% 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.
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.
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
Procter & Gamble Company (The) (PG) : 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.
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In the meantime, our current consensus estimate forecasts the revenue to be $21.73 billion, indicating a 4.63% growth compared to the corresponding quarter of the prior 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%.
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In the meantime, our current consensus estimate forecasts the revenue to be $21.73 billion, indicating a 4.63% growth compared to the corresponding quarter of the prior year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.42 per share and revenue of $85.17 billion, indicating changes of +8.81% and +3.85%, respectively, compared to the previous year. Click to get this free report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Click to get this free report Procter & Gamble Company (The) (PG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The latest trading session saw Procter & Gamble (PG) ending at $146.17, denoting a +1.54% adjustment from its last day's close. 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. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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a4217dd1-d6af-4ad0-a759-5f8f798f127c
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711147.0
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2023-12-16 00:00:00 UTC
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Goldman Sachs (GS) Stock Sinks As Market Gains: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/goldman-sachs-gs-stock-sinks-as-market-gains%3A-heres-why-0
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nan
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nan
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The most recent trading session ended with Goldman Sachs (GS) standing at $376.40, reflecting a -1.08% shift from the previouse trading day's closing. 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 Goldman Sachs in its upcoming release. The company is slated to reveal its earnings on January 16, 2024. On that day, Goldman Sachs is projected to report earnings of $5.29 per share, which would represent year-over-year growth of 59.34%. Simultaneously, our latest consensus estimate expects the revenue to be $11.06 billion, showing a 4.45% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $22.96 per share and a revenue of $46 billion, signifying shifts of -23.62% and -2.88%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Goldman Sachs. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate has moved 0.1% lower within the past month. At present, Goldman Sachs boasts a Zacks Rank of #3 (Hold).
Investors should also note Goldman Sachs's current valuation metrics, including its Forward P/E ratio of 16.58. For comparison, its industry has an average Forward P/E of 17.81, which means Goldman Sachs is trading at a discount to the group.
It is also worth noting that GS currently has a PEG ratio of 2.24. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 200, this industry ranks in the bottom 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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.
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
The Goldman Sachs Group, Inc. (GS) : 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.
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Simultaneously, our latest consensus estimate expects the revenue to be $11.06 billion, showing a 4.45% escalation compared to the year-ago quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $22.96 per share and a revenue of $46 billion, signifying shifts of -23.62% and -2.88%, 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%.
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The most recent trading session ended with Goldman Sachs (GS) standing at $376.40, reflecting a -1.08% shift from the previouse trading day's closing. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. With its current Zacks Industry Rank of 200, this industry ranks in the bottom 21% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups.
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The most recent trading session ended with Goldman Sachs (GS) standing at $376.40, reflecting a -1.08% shift from the previouse trading day's closing. With its current Zacks Industry Rank of 200, this industry ranks in the bottom 21% of all industries, numbering over 250. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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82dc9ee4-9a0f-44db-8669-e13c1b77643a
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711148.0
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2023-12-16 00:00:00 UTC
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3 Highly Ranked Retail Stocks to Buy at Year's End
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DCOMP
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https://www.nasdaq.com/articles/3-highly-ranked-retail-stocks-to-buy-at-years-end
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nan
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nan
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As we start to round out the year, retail stocks may become more of a focal point for investors’ portfolios in 2024. To that point, a more dovish Fed is starting to allude to the notion that inflation will be easier on consumers going forward and a few Zacks Retail and Wholesale sector stocks are standing out.
Added to the coveted Zacks Rank #1 (Strong Buy) list last week here are three highly ranked retail stocks to consider in December.
Casey’s General Stores CASY
With its convenience stores continuing to pop up throughout the Midwest, investors should take notice of Casey’s General Stores' steady growth. This is especially true with the Zacks Retail-Convivence Stores Industry currently in the top 1% of over 250 Zacks industries.
Correlating with such, annual earnings estimates for Casey’s current fiscal 2024 have risen 7% over the last 30 days while FY25 EPS estimates are up 4%. More importantly, Casey’s stock remains a very viable option in regards to growth with EPS now expected to expand 6% in FY24 and rise another 8% in FY25 to $13.37 per share. Notably, Casey’s stock has risen +21% in 2023 and is now up +52% over the last three years to top the S&P 500’s +26% and the Nasdaq’s +17%.
Image Source: Zacks Investment Research
Deckers Outdoor DECK
Deckers Outdoor’s niche as a leading provider of footwear and accessories for outdoor sports and other lifestyle-related activities has sustained the company’s robust bottom line. Now looks like an ideal time to buy Deckers stock with earnings estimates for its current FY24 and FY25 nicely up over the last 30 days as well.
Furthermore, Deckers’ storied growth has continued as FY24 EPS projections of $23.49 per share would be a 21% increase from earings of $19.37 a share in FY23. Even better, FY25 EPS is expected to expand another 13% with Deckers' stock soaring +77% YTD and now up +136% in the last three years.
Image Source: Zacks Investment Research
PDD Holdings PDD
Rounding out the list, PDD Holdings also known as Pinduodou is one of the fastest growing e-commerce platforms in China. After a high global inflationary environment over the last few years, PDD Holdings is taking advantage of deflation in China as well. Taking market share from Chinese e-commerce giants like Alibaba BABA and JD.com JD, PDD Holdings annual earnings are now anticipated to soar 43% this year to $5.69 per share compared to $3.98 a share in 2022.
Plus, FY24 EPS is projected to climb another 22% to $6.96 per share. It's also noteworthy, that in the last 60 days, FY23 and FY24 earnings estimates have climbed 15% and 17% respectively. PDD Holdings price performance over the last three years is virtually flat but shares have soared +81% in 2023 as the company’s earnings outlook continues to strengthen.
Image Source: Zacks Investment Research
Bottom Line
Rising earnings estimates are a reminder that the impressive price performances of these retail stocks should continue as 2024 approaches. The expansive growth of Casey’s General Stores, Deckers Outdoor, and PDD Holdings continues to support this as well making them strong investment options for 2023 and beyond.
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
Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
PDD Holdings Inc. (PDD) : Free Stock Analysis Report
JD.com, Inc. (JD) : Free Stock Analysis Report
Alibaba Group Holding Limited (BABA) : 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.
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To that point, a more dovish Fed is starting to allude to the notion that inflation will be easier on consumers going forward and a few Zacks Retail and Wholesale sector stocks are standing out. Image Source: Zacks Investment Research Bottom Line Rising earnings estimates are a reminder that the impressive price performances of these retail stocks should continue as 2024 approaches. The expansive growth of Casey’s General Stores, Deckers Outdoor, and PDD Holdings continues to support this as well making them strong investment options for 2023 and beyond.
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Image Source: Zacks Investment Research Deckers Outdoor DECK Deckers Outdoor’s niche as a leading provider of footwear and accessories for outdoor sports and other lifestyle-related activities has sustained the company’s robust bottom line. Image Source: Zacks Investment Research PDD Holdings PDD Rounding out the list, PDD Holdings also known as Pinduodou is one of the fastest growing e-commerce platforms in China. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report PDD Holdings Inc. (PDD) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Image Source: Zacks Investment Research PDD Holdings PDD Rounding out the list, PDD Holdings also known as Pinduodou is one of the fastest growing e-commerce platforms in China. Image Source: Zacks Investment Research Bottom Line Rising earnings estimates are a reminder that the impressive price performances of these retail stocks should continue as 2024 approaches. Click to get this free report Deckers Outdoor Corporation (DECK) : Free Stock Analysis Report Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report PDD Holdings Inc. (PDD) : Free Stock Analysis Report JD.com, Inc. (JD) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here.
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PDD Holdings price performance over the last three years is virtually flat but shares have soared +81% in 2023 as the company’s earnings outlook continues to strengthen. The expansive growth of Casey’s General Stores, Deckers Outdoor, and PDD Holdings continues to support this as well making them strong investment options for 2023 and beyond. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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5fc81ba8-560c-453b-bc3d-0369355ea18f
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711149.0
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2023-12-16 00:00:00 UTC
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Intuitive Surgical, Inc. (ISRG) Laps the Stock Market: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/intuitive-surgical-inc.-isrg-laps-the-stock-market%3A-heres-why
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nan
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nan
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The latest trading session saw Intuitive Surgical, Inc. (ISRG) ending at $328.42, denoting a +1.25% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Intuitive Surgical, Inc. in its upcoming earnings disclosure. In that report, analysts expect Intuitive Surgical, Inc. to post earnings of $1.47 per share. This would mark year-over-year growth of 19.51%. In the meantime, our current consensus estimate forecasts the revenue to be $1.86 billion, indicating a 12.51% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.58 per share and revenue of $7.06 billion, indicating changes of +19.23% and +13.43%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Intuitive Surgical, Inc. 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.
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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Intuitive Surgical, Inc. is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Intuitive Surgical, Inc. is currently trading at a Forward P/E ratio of 58.15. For comparison, its industry has an average Forward P/E of 24.28, which means Intuitive Surgical, Inc. is trading at a premium to the group.
We can also see that ISRG currently has a PEG ratio of 4.36. 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. Medical - Instruments stocks are, on average, holding a PEG ratio of 2.69 based on yesterday's closing prices.
The Medical - Instruments industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 70, finds itself in the top 28% 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.
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.
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
Intuitive Surgical, Inc. (ISRG) : 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.
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In the meantime, our current consensus estimate forecasts the revenue to be $1.86 billion, indicating a 12.51% growth compared to the corresponding quarter of the prior 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%.
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In the meantime, our current consensus estimate forecasts the revenue to be $1.86 billion, indicating a 12.51% growth compared to the corresponding quarter of the prior year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.58 per share and revenue of $7.06 billion, indicating changes of +19.23% and +13.43%, respectively, compared to the previous year. Click to get this free report Intuitive Surgical, Inc. (ISRG) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. Intuitive Surgical, Inc. is holding a Zacks Rank of #3 (Hold) right now. 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.
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The latest trading session saw Intuitive Surgical, Inc. (ISRG) ending at $328.42, denoting a +1.25% adjustment from its last day's close. 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. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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a1cc8f61-1dc9-4155-b4eb-f30851182191
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711150.0
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2023-12-16 00:00:00 UTC
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IBM (IBM) Gains But Lags Market: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/ibm-ibm-gains-but-lags-market%3A-what-you-should-know-9
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nan
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nan
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In the latest market close, IBM (IBM) reached $162.74, with a +0.31% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.45%.
Analysts and investors alike will be keeping a close eye on the performance of IBM in its upcoming earnings disclosure. In that report, analysts expect IBM to post earnings of $3.73 per share. This would mark year-over-year growth of 3.61%. Simultaneously, our latest consensus estimate expects the revenue to be $17.06 billion, showing a 2.21% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.45 per share and revenue of $61.54 billion. These totals would mark changes of +3.5% and +1.67%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for IBM. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. IBM is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note IBM's current valuation metrics, including its Forward P/E ratio of 17.16. This expresses a discount compared to the average Forward P/E of 17.78 of its industry.
Meanwhile, IBM's PEG ratio is currently 4.42. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Computer - Integrated Systems industry had an average PEG ratio of 2.71.
The Computer - Integrated Systems industry is part of the Computer and Technology 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 vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks 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
International Business Machines Corporation (IBM) : 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.
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Simultaneously, our latest consensus estimate expects the revenue to be $17.06 billion, showing a 2.21% escalation compared to the year-ago quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.45 per share and revenue of $61.54 billion. 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%.
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Simultaneously, our latest consensus estimate expects the revenue to be $17.06 billion, showing a 2.21% escalation compared to the year-ago quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.45 per share and revenue of $61.54 billion. By the end of yesterday's trading, the Computer - Integrated Systems industry had an average PEG ratio of 2.71.
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Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.45 per share and revenue of $61.54 billion. 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 vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups.
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Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.45 per share and revenue of $61.54 billion. IBM is currently sporting a Zacks Rank of #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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92ec8d40-3882-45d0-85f9-b70a24f3e4bc
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711151.0
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2023-12-16 00:00:00 UTC
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Health Care Sector Update for 12/18/2023: ILMN, IVVD, MIRM, PBLA
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DCOMP
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https://www.nasdaq.com/articles/health-care-sector-update-for-12-18-2023%3A-ilmn-ivvd-mirm-pbla
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nan
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nan
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Health care stocks advanced late Monday afternoon with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) climbing 0.2%.
The iShares Biotechnology ETF (IBB) fell 0.6%.
In corporate news, Illumina (ILMN) faced a call from investor Carl Icahn to oust "legacy" directors after the company said it plans to divest cancer test maker Grail. Illumina shares rose 1.8%.
Invivyd (IVVD) shares more than doubled after the company disclosed "positive" preliminary results from a phase 3 trial of VYD222, a drug candidate meant to prevent symptomatic COVID-19.
Panbela Therapeutics (PBLA) more than doubled after the company said US WorldMeds, to whom it sold certain assets in its eflornithine pediatric neuroblastoma program, received the US Food and Drug Administration's approval of its new drug application for eflornithine's use in pediatric neuroblastoma, a rare type of cancer.
Mirum Pharmaceuticals (MIRM) shares tumbled 16% after the company said its phase 2b trial assessing Livmarli in people with biliary atresia failed to meet the primary and secondary endpoints.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In corporate news, Illumina (ILMN) faced a call from investor Carl Icahn to oust "legacy" directors after the company said it plans to divest cancer test maker Grail. Invivyd (IVVD) shares more than doubled after the company disclosed "positive" preliminary results from a phase 3 trial of VYD222, a drug candidate meant to prevent symptomatic COVID-19. Mirum Pharmaceuticals (MIRM) shares tumbled 16% after the company said its phase 2b trial assessing Livmarli in people with biliary atresia failed to meet the primary and secondary endpoints.
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Health care stocks advanced late Monday afternoon with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) climbing 0.2%. Illumina shares rose 1.8%. Panbela Therapeutics (PBLA) more than doubled after the company said US WorldMeds, to whom it sold certain assets in its eflornithine pediatric neuroblastoma program, received the US Food and Drug Administration's approval of its new drug application for eflornithine's use in pediatric neuroblastoma, a rare type of cancer.
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Invivyd (IVVD) shares more than doubled after the company disclosed "positive" preliminary results from a phase 3 trial of VYD222, a drug candidate meant to prevent symptomatic COVID-19. Panbela Therapeutics (PBLA) more than doubled after the company said US WorldMeds, to whom it sold certain assets in its eflornithine pediatric neuroblastoma program, received the US Food and Drug Administration's approval of its new drug application for eflornithine's use in pediatric neuroblastoma, a rare type of cancer. Mirum Pharmaceuticals (MIRM) shares tumbled 16% after the company said its phase 2b trial assessing Livmarli in people with biliary atresia failed to meet the primary and secondary endpoints.
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Health care stocks advanced late Monday afternoon with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) climbing 0.2%. The iShares Biotechnology ETF (IBB) fell 0.6%. In corporate news, Illumina (ILMN) faced a call from investor Carl Icahn to oust "legacy" directors after the company said it plans to divest cancer test maker Grail.
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01ecbf1e-20bf-4f2c-9d6b-dfc8d8ffc7a3
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711152.0
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2023-12-16 00:00:00 UTC
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Chevron (CVX) Gains But Lags Market: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/chevron-cvx-gains-but-lags-market%3A-what-you-should-know-6
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nan
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nan
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The most recent trading session ended with Chevron (CVX) standing at $149.68, reflecting a +0.22% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of Chevron in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.60, showcasing a 11.98% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $54.87 billion, down 2.84% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $13.27 per share and a revenue of $208.64 billion, demonstrating changes of -29.53% and -15.27%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Chevron. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 2.25% lower. Currently, Chevron is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Chevron is currently exchanging hands at a Forward P/E ratio of 11.25. Its industry sports an average Forward P/E of 6.64, so one might conclude that Chevron is trading at a premium comparatively.
It is also worth noting that CVX currently has a PEG ratio of 0.79. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.84.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy 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.
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.
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
Chevron Corporation (CVX) : 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.
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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. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.84. 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%.
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As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.84. 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 Chevron Corporation (CVX) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 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.
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As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.84. 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?
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57d7d5d4-346c-4d9c-b3d8-b0fe5ee93b95
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711153.0
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2023-12-16 00:00:00 UTC
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Notable Monday Option Activity: MBI, BMBL, NAT
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DCOMP
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-mbi-bmbl-nat
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in MBIA Inc. (Symbol: MBI), where a total of 17,047 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 116.5% of MBI's average daily trading volume over the past month of 1.5 million shares. Particularly high volume was seen for the $10 strike put option expiring January 19, 2024, with 2,858 contracts trading so far today, representing approximately 285,800 underlying shares of MBI. Below is a chart showing MBI's trailing twelve month trading history, with the $10 strike highlighted in orange:
Bumble Inc (Symbol: BMBL) options are showing a volume of 24,187 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 104.7% of BMBL's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $13 strike put option expiring January 12, 2024, with 20,787 contracts trading so far today, representing approximately 2.1 million underlying shares of BMBL. Below is a chart showing BMBL's trailing twelve month trading history, with the $13 strike highlighted in orange:
And Nordic American Tankers Ltd (Symbol: NAT) options are showing a volume of 35,006 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 97.9% of NAT's average daily trading volume over the past month, of 3.6 million shares. Especially high volume was seen for the $4.50 strike call option expiring January 19, 2024, with 14,346 contracts trading so far today, representing approximately 1.4 million underlying shares of NAT. Below is a chart showing NAT's trailing twelve month trading history, with the $4.50 strike highlighted in orange:
For the various different available expirations for MBI options, BMBL options, or NAT options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding ISCG
CTAS Stock Predictions
LYFT shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $10 strike put option expiring January 19, 2024, with 2,858 contracts trading so far today, representing approximately 285,800 underlying shares of MBI. Especially high volume was seen for the $13 strike put option expiring January 12, 2024, with 20,787 contracts trading so far today, representing approximately 2.1 million underlying shares of BMBL. Especially high volume was seen for the $4.50 strike call option expiring January 19, 2024, with 14,346 contracts trading so far today, representing approximately 1.4 million underlying shares of NAT.
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Below is a chart showing MBI's trailing twelve month trading history, with the $10 strike highlighted in orange: Bumble Inc (Symbol: BMBL) options are showing a volume of 24,187 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 104.7% of BMBL's average daily trading volume over the past month, of 2.3 million shares. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 97.9% of NAT's average daily trading volume over the past month, of 3.6 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in MBIA Inc. (Symbol: MBI), where a total of 17,047 contracts have traded so far, representing approximately 1.7 million underlying shares. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 104.7% of BMBL's average daily trading volume over the past month, of 2.3 million shares. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 97.9% of NAT's average daily trading volume over the past month, of 3.6 million shares.
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That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 97.9% of NAT's average daily trading volume over the past month, of 3.6 million shares. Especially high volume was seen for the $4.50 strike call option expiring January 19, 2024, with 14,346 contracts trading so far today, representing approximately 1.4 million underlying shares of NAT. Below is a chart showing NAT's trailing twelve month trading history, with the $4.50 strike highlighted in orange: For the various different available expirations for MBI options, BMBL options, or NAT options, visit StockOptionsChannel.com.
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3622dea7-14a2-40d1-b34e-dfa99a5b2c76
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711154.0
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2023-12-16 00:00:00 UTC
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TSMC (TSM) Gains But Lags Market: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/tsmc-tsm-gains-but-lags-market%3A-what-you-should-know-4
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nan
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nan
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The most recent trading session ended with TSMC (TSM) standing at $102.93, reflecting a +0.38% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.45%.
Investors will be eagerly watching for the performance of TSMC in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.34, showcasing a 26.37% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $18.99 billion, down 4.71% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.97 per share and a revenue of $66.45 billion, demonstrating changes of -24.35% and -12.42%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for TSMC. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 remained unchanged. Currently, TSMC is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, TSMC is currently exchanging hands at a Forward P/E ratio of 20.63. Its industry sports an average Forward P/E of 20.82, so one might conclude that TSMC is trading at a discount comparatively.
It is also worth noting that TSM currently has a PEG ratio of 2.88. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Semiconductor - Circuit Foundry industry held an average PEG ratio of 2.9.
The Semiconductor - Circuit Foundry 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.
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.
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
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : 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.
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Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. 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%.
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As of the close of trade yesterday, the Semiconductor - Circuit Foundry industry held an average PEG ratio of 2.9. 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 Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 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.
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Investors should also note any recent changes to analyst estimates for TSMC. 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?
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12091e4d-dfae-4183-95c9-1ad95d5f0340
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711155.0
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2023-12-16 00:00:00 UTC
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General Motors Company (GM) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/general-motors-company-gm-stock-dips-while-market-gains%3A-key-facts
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nan
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nan
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The latest trading session saw General Motors Company (GM) ending at $35.44, denoting a -0.81% adjustment from its last day's close. 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 General Motors Company in its upcoming release. In that report, analysts expect General Motors Company to post earnings of $1.06 per share. This would mark a year-over-year decline of 50%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $39.69 billion, down 7.94% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $7.48 per share and a revenue of $168.6 billion, demonstrating changes of -1.45% and +7.57%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for General Motors Company. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.31% higher. As of now, General Motors Company holds a Zacks Rank of #3 (Hold).
In the context of valuation, General Motors Company is at present trading with a Forward P/E ratio of 4.78. This expresses a discount compared to the average Forward P/E of 10.09 of its industry.
One should further note that GM currently holds a PEG ratio of 0.6. 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 - Domestic industry stood at 1.09 at the close of the market yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 139, finds itself in the bottom 45% 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 GM 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.
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
General Motors Company (GM) : 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.
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The latest trading session saw General Motors Company (GM) ending at $35.44, denoting a -0.81% adjustment from its last day's close. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. 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%.
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The latest trading session saw General Motors Company (GM) ending at $35.44, denoting a -0.81% adjustment from its last day's close. As of now, General Motors Company holds a Zacks Rank of #3 (Hold). Click to get this free report General Motors Company (GM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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As of now, General Motors Company holds a Zacks Rank of #3 (Hold). The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Click to get this free report General Motors Company (GM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The latest trading session saw General Motors Company (GM) ending at $35.44, denoting a -0.81% adjustment from its last day's close. In the context of valuation, General Motors Company is at present trading with a Forward P/E ratio of 4.78. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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548c3aba-87d0-417e-ac60-4e333c143481
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711156.0
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2023-12-16 00:00:00 UTC
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Citigroup (C) Stock Sinks As Market Gains: What You Should Know
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DCOMP
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https://www.nasdaq.com/articles/citigroup-c-stock-sinks-as-market-gains%3A-what-you-should-know-5
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nan
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nan
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Citigroup (C) ended the recent trading session at $49.66, demonstrating a -0.34% swing from the preceding day's closing price. This change lagged the S&P 500's 0.45% gain on the day.
The investment community will be paying close attention to the earnings performance of Citigroup in its upcoming release. The company is slated to reveal its earnings on January 12, 2024. On that day, Citigroup is projected to report earnings of $1.13 per share, which would represent year-over-year growth of 2.73%. In the meantime, our current consensus estimate forecasts the revenue to be $19.14 billion, indicating a 6.3% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $6.24 per share and a revenue of $78.97 billion, demonstrating changes of -12.24% and +4.82%, respectively, from the preceding year.
Any recent changes to analyst estimates for Citigroup should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.35% lower. As of now, Citigroup holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Citigroup has a Forward P/E ratio of 7.98 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.3.
Investors should also note that C has a PEG ratio of 1.48 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Banks - Major Regional industry currently had an average PEG ratio of 1.75 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance 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 industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks 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
Citigroup Inc. (C) : 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.
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In the meantime, our current consensus estimate forecasts the revenue to be $19.14 billion, indicating a 6.3% growth compared to the corresponding quarter of the prior 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%.
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For the full year, the Zacks Consensus Estimates project earnings of $6.24 per share and a revenue of $78.97 billion, demonstrating changes of -12.24% and +4.82%, respectively, from the preceding year. The Banks - Major Regional industry currently had an average PEG ratio of 1.75 as of yesterday's close. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For the full year, the Zacks Consensus Estimates project earnings of $6.24 per share and a revenue of $78.97 billion, demonstrating changes of -12.24% and +4.82%, respectively, from the preceding year. 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 industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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The investment community will be paying close attention to the earnings performance of Citigroup in its upcoming release. 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?
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645082d5-50f1-4989-b4da-334332b36b0f
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711157.0
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2023-12-16 00:00:00 UTC
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Exxon Mobil (XOM) Beats Stock Market Upswing: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/exxon-mobil-xom-beats-stock-market-upswing%3A-what-investors-need-to-know
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nan
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nan
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In the latest market close, Exxon Mobil (XOM) reached $101.65, with a +0.74% movement compared to the previous day. This change outpaced the S&P 500's 0.45% gain on the day.
The investment community will be closely monitoring the performance of Exxon Mobil in its forthcoming earnings report. The company is predicted to post an EPS of $2.07, indicating a 39.12% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $91.53 billion, showing a 4.09% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.18 per share and a revenue of $350.72 billion, indicating changes of -34.71% and -15.22%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Exxon Mobil. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.54% lower. Right now, Exxon Mobil possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Exxon Mobil is currently exchanging hands at a Forward P/E ratio of 10.99. This denotes a premium relative to the industry's average Forward P/E of 6.64.
Also, we should mention that XOM has a PEG ratio of 3.66. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 0.84.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 37% 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.
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.
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
Exxon Mobil Corporation (XOM) : 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.
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Simultaneously, our latest consensus estimate expects the revenue to be $91.53 billion, showing a 4.09% drop compared to the year-ago quarter. 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%.
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In the latest market close, Exxon Mobil (XOM) reached $101.65, with a +0.74% movement compared to the previous day. As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 0.84. Click to get this free report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. This industry, currently bearing a Zacks Industry Rank of 92, finds itself in the top 37% 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.
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In the latest market close, Exxon Mobil (XOM) reached $101.65, with a +0.74% movement compared to the previous day. Right now, Exxon Mobil possesses a Zacks Rank of #3 (Hold). Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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3439bca5-803c-408c-8c0b-6902ae3637cc
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711158.0
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2023-12-16 00:00:00 UTC
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Pfizer (PFE) Beats Stock Market Upswing: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/pfizer-pfe-beats-stock-market-upswing%3A-what-investors-need-to-know
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nan
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nan
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Pfizer (PFE) ended the recent trading session at $27.06, demonstrating a +1.61% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of Pfizer in its upcoming release. The company is forecasted to report an EPS of -$0.18, showcasing a 115.79% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $14.41 billion, indicating a 40.68% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.54 per share and revenue of $58.77 billion, indicating changes of -76.6% and -41.43%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Pfizer should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.04% downward. At present, Pfizer boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Pfizer is currently exchanging hands at a Forward P/E ratio of 17.25. This represents a premium compared to its industry's average Forward P/E of 15.69.
Also, we should mention that PFE has a PEG ratio of 1.73. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Large Cap Pharmaceuticals industry stood at 2.17 at the close of the market yesterday.
The Large Cap Pharmaceuticals industry is part of the Medical 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 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 PFE 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.
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
Pfizer Inc. (PFE) : 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.
|
Pfizer (PFE) ended the recent trading session at $27.06, demonstrating a +1.61% swing from the preceding day's closing price. 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%.
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Alongside, our most recent consensus estimate is anticipating revenue of $14.41 billion, indicating a 40.68% downward movement from the same quarter last year. The average PEG ratio for the Large Cap Pharmaceuticals industry stood at 2.17 at the close of the market yesterday. Click to get this free report Pfizer Inc. (PFE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. 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 strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups.
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Pfizer (PFE) ended the recent trading session at $27.06, demonstrating a +1.61% swing from the preceding day's closing price. 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?
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4c164473-8a08-41bd-bbb1-4cb37ef09adb
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711159.0
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2023-12-16 00:00:00 UTC
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Intel (INTC) Stock Declines While Market Improves: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/intel-intc-stock-declines-while-market-improves%3A-some-information-for-investors-0
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nan
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nan
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Intel (INTC) closed the latest trading day at $45.69, indicating a -1.02% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Intel will be of great interest to investors. The company is predicted to post an EPS of $0.44, indicating a 340% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.13 billion, up 7.77% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.95 per share and revenue of $53.93 billion, which would represent changes of -48.37% and -14.46%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Intel. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Intel boasts a Zacks Rank of #2 (Buy).
In the context of valuation, Intel is at present trading with a Forward P/E ratio of 48.65. This valuation marks a premium compared to its industry's average Forward P/E of 19.88.
We can also see that INTC currently has a PEG ratio of 3.43. 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 Semiconductor - General was holding an average PEG ratio of 2.79 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 181, this industry ranks in the bottom 29% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks 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
Intel Corporation (INTC) : 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.
|
Intel (INTC) closed the latest trading day at $45.69, indicating a -1.02% change from the previous session's end. Our system takes these estimate changes into account and delivers a clear, actionable rating model. 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%.
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Intel (INTC) closed the latest trading day at $45.69, indicating a -1.02% change from the previous session's end. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.95 per share and revenue of $53.93 billion, which would represent changes of -48.37% and -14.46%, respectively, from the prior year. 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.
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With its current Zacks Industry Rank of 181, this industry ranks in the bottom 29% of all industries, numbering over 250. 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. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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Intel (INTC) closed the latest trading day at $45.69, indicating a -1.02% change from the previous session's end. With its current Zacks Industry Rank of 181, this industry ranks in the bottom 29% of all industries, numbering over 250. 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%.
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405893de-4069-490d-b8b0-c2f1948c67ee
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711160.0
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2023-12-16 00:00:00 UTC
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Enphase Energy (ENPH) Advances But Underperforms Market: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/enphase-energy-enph-advances-but-underperforms-market%3A-key-facts
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nan
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nan
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Enphase Energy (ENPH) closed at $124.03 in the latest trading session, marking a +0.09% move from the prior 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 Enphase Energy in its upcoming release. The company's earnings per share (EPS) are projected to be $0.55, reflecting a 63.58% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $326.27 million, down 54.98% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.42 per share and revenue of $2.35 billion, which would represent changes of -4.33% and +0.8%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enphase Energy. 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. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.25% decrease. As of now, Enphase Energy holds a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Enphase Energy currently has a Forward P/E ratio of 28.03. This valuation marks a premium compared to its industry's average Forward P/E of 19.76.
We can additionally observe that ENPH currently boasts a PEG ratio of 1.53. 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. ENPH's industry had an average PEG ratio of 0.82 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 217, positioning it in the bottom 14% 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.
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
Enphase Energy, Inc. (ENPH) : 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.
|
Enphase Energy (ENPH) closed at $124.03 in the latest trading session, marking a +0.09% move from the prior day. 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%.
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For the full year, the Zacks Consensus Estimates are projecting earnings of $4.42 per share and revenue of $2.35 billion, which would represent changes of -4.33% and +0.8%, respectively, from the prior year. As of now, Enphase Energy holds a Zacks Rank of #5 (Strong Sell). Click to get this free report Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. Currently, this industry holds a Zacks Industry Rank of 217, positioning it in the bottom 14% 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.
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Enphase Energy (ENPH) closed at $124.03 in the latest trading session, marking a +0.09% move from the prior day. Currently, this industry holds a Zacks Industry Rank of 217, positioning it in the bottom 14% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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75dbc6d8-95d2-4088-88c9-97347b6ea610
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711161.0
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2023-12-16 00:00:00 UTC
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Johnson & Johnson (JNJ) Increases Yet Falls Behind Market: What Investors Need to Know
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DCOMP
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https://www.nasdaq.com/articles/johnson-johnson-jnj-increases-yet-falls-behind-market%3A-what-investors-need-to-know
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nan
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nan
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The most recent trading session ended with Johnson & Johnson (JNJ) standing at $155.44, reflecting a +0.18% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.45%.
The investment community will be paying close attention to the earnings performance of Johnson & Johnson in its upcoming release. The company is slated to reveal its earnings on January 23, 2024. The company's earnings per share (EPS) are projected to be $2.33, reflecting a 0.85% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $20.91 billion, reflecting a 11.79% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10 per share and a revenue of $84.67 billion, representing changes of -1.48% and -10.82%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Johnson & Johnson. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has shifted 1.29% downward. Currently, Johnson & Johnson is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Johnson & Johnson is currently trading at a Forward P/E ratio of 15.51. This represents a discount compared to its industry's average Forward P/E of 15.69.
It's also important to note that JNJ currently trades at a PEG ratio of 3.16. 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. JNJ's industry had an average PEG ratio of 2.17 as of yesterday's close.
The Large Cap Pharmaceuticals industry is part of the Medical 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 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.
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
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
Johnson & Johnson (JNJ) : 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.
|
At the same time, our most recent consensus estimate is projecting a revenue of $20.91 billion, reflecting a 11.79% fall from the equivalent quarter last year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. 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%.
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The most recent trading session ended with Johnson & Johnson (JNJ) standing at $155.44, reflecting a +0.18% shift from the previouse trading day's closing. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10 per share and a revenue of $84.67 billion, representing changes of -1.48% and -10.82%, respectively, from the prior year. Click to get this free report Johnson & Johnson (JNJ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The most recent trading session ended with Johnson & Johnson (JNJ) standing at $155.44, reflecting a +0.18% shift from the previouse trading day's closing. 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 evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups.
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The most recent trading session ended with Johnson & Johnson (JNJ) standing at $155.44, reflecting a +0.18% shift from the previouse trading day's closing. The investment community will be paying close attention to the earnings performance of Johnson & Johnson in its upcoming release. This industry, currently bearing a Zacks Industry Rank of 54, finds itself in the top 22% echelons of all 250+ industries.
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5f101ec6-9618-4e86-893e-e9bcfcd6a82c
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711162.0
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2023-12-16 00:00:00 UTC
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PulteGroup (PHM) Stock Declines While Market Improves: Some Information for Investors
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DCOMP
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https://www.nasdaq.com/articles/pultegroup-phm-stock-declines-while-market-improves%3A-some-information-for-investors
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nan
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nan
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PulteGroup (PHM) ended the recent trading session at $102, demonstrating a -0.48% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.45% for the day.
The investment community will be paying close attention to the earnings performance of PulteGroup in its upcoming release. The company is slated to reveal its earnings on January 30, 2024. The company is forecasted to report an EPS of $3.20, showcasing a 11.85% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.48 billion, showing a 13.36% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.49 per share and revenue of $16.25 billion, which would represent changes of +6.39% and +0.12%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PulteGroup. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. PulteGroup presently features a Zacks Rank of #3 (Hold).
Investors should also note PulteGroup's current valuation metrics, including its Forward P/E ratio of 8.92. This denotes a discount relative to the industry's average Forward P/E of 10.4.
It is also worth noting that PHM currently has a PEG ratio of 0.3. 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 Building Products - Home Builders industry was having an average PEG ratio of 0.89.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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.
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
PulteGroup, Inc. (PHM) : 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.
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PulteGroup (PHM) ended the recent trading session at $102, demonstrating a -0.48% swing from the preceding day's closing price. Simultaneously, our latest consensus estimate expects the revenue to be $4.48 billion, showing a 13.36% drop compared to the year-ago quarter. 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%.
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As the market closed yesterday, the Building Products - Home Builders industry was having an average PEG ratio of 0.89. The Building Products - Home Builders industry is part of the Construction sector. Click to get this free report PulteGroup, Inc. (PHM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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.
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This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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81daa212-ad54-4b5b-9c9c-8879fc11a842
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711163.0
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2023-12-16 00:00:00 UTC
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Verizon Communications (VZ) Exceeds Market Returns: Some Facts to Consider
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DCOMP
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https://www.nasdaq.com/articles/verizon-communications-vz-exceeds-market-returns%3A-some-facts-to-consider
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nan
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nan
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Verizon Communications (VZ) closed the most recent trading day at $37.67, moving +0.8% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.45%.
The investment community will be closely monitoring the performance of Verizon Communications in its forthcoming earnings report. The company is scheduled to release its earnings on January 23, 2024. The company's earnings per share (EPS) are projected to be $1.07, reflecting a 10.08% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $34.76 billion, down 1.38% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.70 per share and a revenue of $133.61 billion, indicating changes of -9.27% and -2.36%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Verizon Communications. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 0.04% fall in the Zacks Consensus EPS estimate. Verizon Communications is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Verizon Communications is holding a Forward P/E ratio of 7.95. This denotes a discount relative to the industry's average Forward P/E of 8.58.
One should further note that VZ currently holds a PEG ratio of 2.27. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Wireless National industry held an average PEG ratio of 2.17.
The Wireless National industry is part of the Computer and Technology 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 VZ 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.
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
Verizon Communications Inc. (VZ) : 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.
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Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. 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%.
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Verizon Communications (VZ) closed the most recent trading day at $37.67, moving +0.8% from the previous trading session. As of the close of trade yesterday, the Wireless National industry held an average PEG ratio of 2.17. Click to get this free report Verizon Communications Inc. (VZ) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Verizon Communications is holding a Zacks Rank of #3 (Hold) right now. 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.
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Verizon Communications (VZ) closed the most recent trading day at $37.67, moving +0.8% from the previous trading session. The investment community will be closely monitoring the performance of Verizon Communications in its forthcoming earnings report. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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ce3e3b79-ce9b-455a-a6c6-79fc229a1f2b
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711164.0
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2023-12-16 00:00:00 UTC
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McDonald's (MCD) Exceeds Market Returns: Some Facts to Consider
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DCOMP
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https://www.nasdaq.com/articles/mcdonalds-mcd-exceeds-market-returns%3A-some-facts-to-consider
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nan
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nan
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In the latest trading session, McDonald's (MCD) closed at $290.23, marking a +1.03% move from the previous day. This change outpaced the S&P 500's 0.45% gain on the day.
Analysts and investors alike will be keeping a close eye on the performance of McDonald's in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.82, marking an 8.88% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $6.48 billion, showing a 9.35% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.75 per share and revenue of $25.57 billion. These totals would mark changes of +16.34% and +10.29%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for McDonald's. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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, the Zacks Consensus EPS estimate has shifted 0.01% downward. As of now, McDonald's holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that McDonald's has a Forward P/E ratio of 24.44 right now. This signifies a premium in comparison to the average Forward P/E of 22.03 for its industry.
One should further note that MCD currently holds a PEG ratio of 2.69. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Restaurants industry currently had an average PEG ratio of 1.98 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale 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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks 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
McDonald's Corporation (MCD) : 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.
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Simultaneously, our latest consensus estimate expects the revenue to be $6.48 billion, showing a 9.35% escalation compared to the year-ago quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.75 per share and revenue of $25.57 billion. 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%.
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In the latest trading session, McDonald's (MCD) closed at $290.23, marking a +1.03% move from the previous day. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.75 per share and revenue of $25.57 billion. Click to get this free report McDonald's Corporation (MCD) : Free Stock Analysis Report To read this article on Zacks.com click here.
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The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 18% 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.
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In the latest trading session, McDonald's (MCD) closed at $290.23, marking a +1.03% move from the previous day. It is anticipated that the company will report an EPS of $2.82, marking an 8.88% rise compared to the same quarter of the previous year. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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6ec89038-c973-4061-b00b-db08afa6296f
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711165.0
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2023-12-16 00:00:00 UTC
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Microsoft (MSFT) Laps the Stock Market: Here's Why
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DCOMP
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https://www.nasdaq.com/articles/microsoft-msft-laps-the-stock-market%3A-heres-why
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nan
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nan
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The most recent trading session ended with Microsoft (MSFT) standing at $372.65, reflecting a +0.52% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day.
The investment community will be closely monitoring the performance of Microsoft in its forthcoming earnings report. On that day, Microsoft is projected to report earnings of $2.75 per share, which would represent year-over-year growth of 18.53%. Meanwhile, our latest consensus estimate is calling for revenue of $61.02 billion, up 15.69% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $11.13 per share and a revenue of $242.31 billion, indicating changes of +13.46% and +14.34%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Microsoft. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.02% higher. At present, Microsoft boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Microsoft is currently trading at a Forward P/E ratio of 33.31. This denotes a premium relative to the industry's average Forward P/E of 32.2.
Meanwhile, MSFT's PEG ratio is currently 2.47. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Software industry currently had an average PEG ratio of 2.44 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 32% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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.
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
Microsoft Corporation (MSFT) : 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.
|
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. 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%.
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The investment community will be closely monitoring the performance of Microsoft in its forthcoming earnings report. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 32% 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.
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Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 32% 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. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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a1486bc3-dbc3-4ba7-b792-863031262913
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711166.0
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2023-12-16 00:00:00 UTC
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3M (MMM) Stock Dips While Market Gains: Key Facts
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DCOMP
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https://www.nasdaq.com/articles/3m-mmm-stock-dips-while-market-gains%3A-key-facts
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nan
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nan
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3M (MMM) closed the most recent trading day at $105.87, moving -1.04% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.45%.
The upcoming earnings release of 3M will be of great interest to investors. The company's earnings per share (EPS) are projected to be $2.32, reflecting a 1.75% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $7.68 billion, down 4.99% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.12 per share and revenue of $31.76 billion, indicating changes of -9.7% and -7.23%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for 3M. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, 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, the Zacks Consensus EPS estimate remained stagnant. At present, 3M boasts a Zacks Rank of #2 (Buy).
From a valuation perspective, 3M is currently exchanging hands at a Forward P/E ratio of 11.73. For comparison, its industry has an average Forward P/E of 17.51, which means 3M is trading at a discount to the group.
We can also see that MMM currently has a PEG ratio of 1.6. 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 Diversified Operations industry stood at 2.36 at the close of the market yesterday.
The Diversified Operations industry is part of the Conglomerates sector. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 33% 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.
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
3M Company (MMM) : 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.
|
Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. 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%.
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3M (MMM) closed the most recent trading day at $105.87, moving -1.04% from the previous trading session. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.12 per share and revenue of $31.76 billion, indicating changes of -9.7% and -7.23%, respectively, compared to the previous year. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.
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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. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 33% 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.
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3M (MMM) closed the most recent trading day at $105.87, moving -1.04% from the previous trading session. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 33% of all 250+ industries. Be First to New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?
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9255edad-28fb-4d46-8c1d-561d43a6b795
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711167.0
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2023-12-16 00:00:00 UTC
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"Pivot Party" Keeps Holiday Season Rolling
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DCOMP
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https://www.nasdaq.com/articles/pivot-party-keeps-holiday-season-rolling
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nan
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nan
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It’s holiday season, so why not keep the party going? ’Tis the season, and so forth — right? In the market’s case, call it a “pivot party,” which got started last Wednesday afternoon as the Federal Open Market Committee (FOMC) concluded monetary policy keeping interest rates steady with a press conference featuring Fed Chair Jerome Powell openly discussing the idea of cutting interest rates in 2024.
Much of the lid that had been kept on the market — particularly in small-cap financials on the Russell 2000 — had been doing so because a.) an earlier dot-plot said one more 25 basis-point (bps) hike was in the cards before 2023 was over, and b.) no fewer than three interest rate cuts were inferred by the Fed by the end of next year. Of course, the market being the market, it’s been trading ever since like, “Maybe it will be more than three cuts.”
Too early to tell now, but in the meantime, we’re seeing the Dow and S&P 500 climbing to new all-time highs. That old adage that the year before a presidential election is always best for the stock market has most definitely borne out in 2023: the Dow is +12.58%, the S&P +23.96%, the Nasdaq easily leads the way, +43.50%, and the small-cap Russell +13.42%. Markets are currently looking for an eighth-straight week higher ahead of Christmas Week, which will commence trading on Tuesday on low seasonal volume expected.
The fact that we can be at these historic high levels at the same time Japan’s Nippon Steel is buying out U.S. Steel X for $14.9 billion, or $55 per share. This is well ahead of the earlier offer from Cleveland-Cliffs CLF for $35 per share back in August. Considering how crucial U.S. Steel had been in the 20th century in the development of the U.S. becoming the world’s greatest superpower, this transaction is comparably a minor blip today. It also says a mouthful about how America has gone from a goods-producing nation to a services-based one over time.
Earlier today, we saw the North American Homebuilders (NAHB) Confidence Survey take a meaningful step forward, with a December print of 37 from the expected 36 and the previous month’s 34, which was the lowest print since December of last year. With the prospect of lower interest rates potentially loosening up mortgage levels next year, there may be growing optimism that the housing market can see a bounce-back in 2024, with excess pent-up demand in housing already.
Tomorrow morning, we’ll see another housing-related report: Housing Starts and Building Permits for November. Both as of now are expected to tick down a tad, from 1.37 million the previous month to 1.36 million on Starts, and from 1.49 million Permits in October to 1.48 million last month. Any surprise to the upside would likely further the narrative that the housing market is expected to thaw out in a meaningful way for the U.S. economy.
Questions or comments about this article and/or author? Click here>>
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
United States Steel Corporation (X) : Free Stock Analysis Report
Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report
Invesco QQQ (QQQ): ETF Research Reports
SPDR S&P 500 ETF (SPY): ETF Research Reports
SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the market’s case, call it a “pivot party,” which got started last Wednesday afternoon as the Federal Open Market Committee (FOMC) concluded monetary policy keeping interest rates steady with a press conference featuring Fed Chair Jerome Powell openly discussing the idea of cutting interest rates in 2024. That old adage that the year before a presidential election is always best for the stock market has most definitely borne out in 2023: the Dow is +12.58%, the S&P +23.96%, the Nasdaq easily leads the way, +43.50%, and the small-cap Russell +13.42%. 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%.
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Both as of now are expected to tick down a tad, from 1.37 million the previous month to 1.36 million on Starts, and from 1.49 million Permits in October to 1.48 million last month. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the market’s case, call it a “pivot party,” which got started last Wednesday afternoon as the Federal Open Market Committee (FOMC) concluded monetary policy keeping interest rates steady with a press conference featuring Fed Chair Jerome Powell openly discussing the idea of cutting interest rates in 2024. With the prospect of lower interest rates potentially loosening up mortgage levels next year, there may be growing optimism that the housing market can see a bounce-back in 2024, with excess pent-up demand in housing already. Click to get this free report United States Steel Corporation (X) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report Invesco QQQ (QQQ): ETF Research Reports SPDR S&P 500 ETF (SPY): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports To read this article on Zacks.com click here.
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’Tis the season, and so forth — right? Of course, the market being the market, it’s been trading ever since like, “Maybe it will be more than three cuts.” Click here>> Zacks Naming Top 10 Stocks for 2024 Want to be tipped off early to our 10 top picks for the entirety of 2024?
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6a3923aa-054b-4fd9-ac84-c1c9cbc3ffea
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711168.0
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2023-12-16 00:00:00 UTC
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Heico Corporation (HEI) Q4 Earnings and Revenues Top Estimates
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DCOMP
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https://www.nasdaq.com/articles/heico-corporation-hei-q4-earnings-and-revenues-top-estimates
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Heico Corporation (HEI) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.74 per share when it actually produced earnings of $0.77, delivering a surprise of 4.05%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Heico Corporation, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $936.45 million for the quarter ended October 2023, surpassing the Zacks Consensus Estimate by 6.11%. This compares to year-ago revenues of $609.64 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Heico Corporation shares have added about 18.4% since the beginning of the year versus the S&P 500's gain of 22.9%.
What's Next for Heico Corporation?
While Heico Corporation 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 Heico Corporation: 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 $0.74 on $875.99 million in revenues for the coming quarter and $3.45 on $3.75 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, Aerospace - Defense Equipment is currently in the bottom 42% 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, AAR (AIR), is yet to report results for the quarter ended November 2023. The results are expected to be released on December 21.
This airplane maintenance company is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of +17.4%. The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level.
AAR's revenues are expected to be $558.1 million, up 18.8% 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
Heico Corporation (HEI) : Free Stock Analysis Report
AAR Corp. (AIR) : 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.
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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. This airplane maintenance company is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of +17.4%. 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%.
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Heico Corporation, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $936.45 million for the quarter ended October 2023, surpassing the Zacks Consensus Estimate by 6.11%. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 42% of the 250 plus Zacks industries. Click to get this free report Heico Corporation (HEI) : Free Stock Analysis Report AAR Corp. (AIR) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Heico Corporation (HEI) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.70 per share. Heico Corporation, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $936.45 million for the quarter ended October 2023, surpassing the Zacks Consensus Estimate by 6.11%. 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.
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Heico Corporation (HEI) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.70 per share. Ahead of this earnings release, the estimate revisions trend for Heico Corporation: 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.
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edbbc605-30ee-4cf5-9584-00ce9a59277e
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711169.0
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2023-12-16 00:00:00 UTC
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Imperial Oil sees $1.3 billion in capital spending for 2024
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https://www.nasdaq.com/articles/imperial-oil-sees-%241.3-billion-in-capital-spending-for-2024
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Adds outlook details in paragraphs 2 and 3
Dec 18 (Reuters) - Imperial Oil IMO.TO said on Monday it expects capital spend of C$1.7 billion ($1.27 billion) for 2024, same as the company's forecast for 2023.
For 2024, Imperial Oil forecast upstream production to be between 420,000 and 442,000 gross oil equivalent barrels per day.
Imperial also said it expects next year's throughput from its downstream operations to be between 385,000 and 400,000 barrels per day.
($1 = 1.3398 Canadian dollars)
(Reporting by Kabir Dweit and Bhanvi Satija in Bengaluru; Editing by Krishna CHandra Eluri)
((Kabir.Dweit@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.
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Adds outlook details in paragraphs 2 and 3 Dec 18 (Reuters) - Imperial Oil IMO.TO said on Monday it expects capital spend of C$1.7 billion ($1.27 billion) for 2024, same as the company's forecast for 2023. Imperial also said it expects next year's throughput from its downstream operations to be between 385,000 and 400,000 barrels per day. ($1 = 1.3398 Canadian dollars) (Reporting by Kabir Dweit and Bhanvi Satija in Bengaluru; Editing by Krishna CHandra Eluri) ((Kabir.Dweit@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.
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Adds outlook details in paragraphs 2 and 3 Dec 18 (Reuters) - Imperial Oil IMO.TO said on Monday it expects capital spend of C$1.7 billion ($1.27 billion) for 2024, same as the company's forecast for 2023. For 2024, Imperial Oil forecast upstream production to be between 420,000 and 442,000 gross oil equivalent barrels per day. Imperial also said it expects next year's throughput from its downstream operations to be between 385,000 and 400,000 barrels per day.
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Adds outlook details in paragraphs 2 and 3 Dec 18 (Reuters) - Imperial Oil IMO.TO said on Monday it expects capital spend of C$1.7 billion ($1.27 billion) for 2024, same as the company's forecast for 2023. For 2024, Imperial Oil forecast upstream production to be between 420,000 and 442,000 gross oil equivalent barrels per day. ($1 = 1.3398 Canadian dollars) (Reporting by Kabir Dweit and Bhanvi Satija in Bengaluru; Editing by Krishna CHandra Eluri) ((Kabir.Dweit@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.
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Adds outlook details in paragraphs 2 and 3 Dec 18 (Reuters) - Imperial Oil IMO.TO said on Monday it expects capital spend of C$1.7 billion ($1.27 billion) for 2024, same as the company's forecast for 2023. For 2024, Imperial Oil forecast upstream production to be between 420,000 and 442,000 gross oil equivalent barrels per day. Imperial also said it expects next year's throughput from its downstream operations to be between 385,000 and 400,000 barrels per day.
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ef4088c8-d32a-4c0d-9f9d-e94cfd7f1906
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711170.0
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2023-12-16 00:00:00 UTC
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Why Tellurian Rose Today
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https://www.nasdaq.com/articles/why-tellurian-rose-today
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Shares of natural gas exporter Tellurian (NYSEMKT: TELL) rose 8.2% in Monday's trading. There was no company-specific news driving that move; it appeared to be largely due to an increase in natural gas prices as weather grew colder and geopolitical instability continued to intensify.
Natural gas prices rise
While natural gas prices were only up by about 0.7% as of the close of trading Monday, they had been up by as much as 4% earlier in the session. According to Reuters, liquified natural gas plants saw "record amounts" of gas flowing to export stations last week. In December, 14.7 billion cubic feet per day have been flowing to the seven U.S. LNG export terminals, up from a record 14.3 billion cubic feet per day in November.
That uptick in demand appears to be partially seasonal -- colder weather is driving up demand for natural gas to heat homes and generate electricity.
In addition, prices are experiencing upward pressure due to events on the geopolitical front. The Iran-backed Houthi army in Yemen is currently attacking cargo ships attempting to go through the Bab-el-Mandeb strait between Yemen and Djibouti on their way to the Red Sea and the Suez Canal. That has onlookers concerned about risks to the oil and gas tankers that pass through the strait. Attacks on them could reduce global supply. In addition, as ships looking to avoid that danger reroute around the Horn of Africa to go from the Middle East to Europe, the costs and time of shipping increase significantly. In fact, oil giant BP (NYSE: BP) just announced Monday that it was suspending shipments through the Red Sea for now.
Tellurian would directly benefit from higher natural gas prices, as it's not just an export terminal company -- it also owns natural gas producing assets in the U.S. Because of lower natural gas prices this summer, Tellurian actually reported an operating loss from its upstream production segment in the third quarter. Needless to say, for the company, higher natural gas prices would be especially beneficial.
Of course, the main asset for Tellurian is its yet-to-be-constructed Driftwood LNG plant, which has been plagued with delays due to the company's inability to get financing for it, resulting in canceled contracts. The question of whether and when it will be able to obtain some sort of financing for the $14 billion phase I construction dwarfs in importance any day-to-day movements in natural gas prices, except to the extent that higher prices could spur investors to put their money behind Driftwood.
Tellurian is too speculative
If the last two years have taught investors anything, it's that investing in companies that will inevitably need more financing in the future is risky. That goes both for money-losing companies and for companies dependent on large hard assets that will cost billions.
In the wake of the rapid rise in interest rates since early 2022, the once-promising Driftwood plant is in limbo, and Tellurian's stock price has fallen from about $9 before the pandemic and $6 in the aftermath of Russia's invasion of Ukraine to just around $0.75 today. In fact, its ongoing losses and inability to find financing on palatable terms spurred the company to include a warning about its ability to operate as a going concern within 12 months in its latest quarterly report. The company also replaced founder Charif Souki as chairman of the board earlier this month, and stated that he will no longer have any managerial responsibilities. However, Souki remains on the board.
Given all these uncertainties, Tellurian stock remains appropriate only for those willing to risk letting their investments go to zero. For this investor, there are much better risk-reward opportunities in the natural gas space.
Should you invest $1,000 in Tellurian right now?
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Billy Duberstein has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool has positions in and recommends BP. 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.
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There was no company-specific news driving that move; it appeared to be largely due to an increase in natural gas prices as weather grew colder and geopolitical instability continued to intensify. In the wake of the rapid rise in interest rates since early 2022, the once-promising Driftwood plant is in limbo, and Tellurian's stock price has fallen from about $9 before the pandemic and $6 in the aftermath of Russia's invasion of Ukraine to just around $0.75 today. In fact, its ongoing losses and inability to find financing on palatable terms spurred the company to include a warning about its ability to operate as a going concern within 12 months in its latest quarterly report.
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There was no company-specific news driving that move; it appeared to be largely due to an increase in natural gas prices as weather grew colder and geopolitical instability continued to intensify. Natural gas prices rise While natural gas prices were only up by about 0.7% as of the close of trading Monday, they had been up by as much as 4% earlier in the session. In December, 14.7 billion cubic feet per day have been flowing to the seven U.S. LNG export terminals, up from a record 14.3 billion cubic feet per day in November.
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Natural gas prices rise While natural gas prices were only up by about 0.7% as of the close of trading Monday, they had been up by as much as 4% earlier in the session. Tellurian would directly benefit from higher natural gas prices, as it's not just an export terminal company -- it also owns natural gas producing assets in the U.S. Because of lower natural gas prices this summer, Tellurian actually reported an operating loss from its upstream production segment in the third quarter. Before you buy stock in Tellurian, 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 Tellurian wasn't one of them.
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Natural gas prices rise While natural gas prices were only up by about 0.7% as of the close of trading Monday, they had been up by as much as 4% earlier in the session. Tellurian would directly benefit from higher natural gas prices, as it's not just an export terminal company -- it also owns natural gas producing assets in the U.S. Because of lower natural gas prices this summer, Tellurian actually reported an operating loss from its upstream production segment in the third quarter. Given all these uncertainties, Tellurian stock remains appropriate only for those willing to risk letting their investments go to zero.
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cfbe2282-207f-48b6-89a8-d666cd15e1fd
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711171.0
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2023-12-16 00:00:00 UTC
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Chipmaker Qorvo to sell some China facilities to Luxshare Precision Industry
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DCOMP
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https://www.nasdaq.com/articles/chipmaker-qorvo-to-sell-some-china-facilities-to-luxshare-precision-industry
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Dec 18 (Reuters) - Wireless connectivity chip maker Qorvo QRVO.O said on Monday it has reached a definitive agreement to sell its assembly and test facilities in Beijing and Dezhou in China to contract manufacturer Luxshare Precision Industry 002475.SZ.
The transaction, the financial terms of which were not disclosed, is expected to close by the first half of 2024.
Upon closing, Luxshare will acquire each facility's operations and assets, which include the property, plant and equipment, and the existing workforce, while Qorvo will continue to maintain its sales, engineering and customer support employees in China, the company added.
Luxshare will assemble and test products for Qorvo under a newly established long-term supply agreement, Qorvo said.
"This transaction furthers our efforts to reduce capital intensity while supporting our long-term gross margin objectives and ensuring continuity for our customers in China," said Qorvo's Chief Financial Officer Grant Brown.
The Beijing and Dezhou facilities primarily support Qorvo's integrated advanced cellular products, the company said.
Qorvo counts Apple AAPL.O among its customers and has benefited from resilient demand for iPhones in China, despite growing restrictions on foreign technology in the country.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Krishna Chandra Eluri)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dec 18 (Reuters) - Wireless connectivity chip maker Qorvo QRVO.O said on Monday it has reached a definitive agreement to sell its assembly and test facilities in Beijing and Dezhou in China to contract manufacturer Luxshare Precision Industry 002475.SZ. Upon closing, Luxshare will acquire each facility's operations and assets, which include the property, plant and equipment, and the existing workforce, while Qorvo will continue to maintain its sales, engineering and customer support employees in China, the company added. "This transaction furthers our efforts to reduce capital intensity while supporting our long-term gross margin objectives and ensuring continuity for our customers in China," said Qorvo's Chief Financial Officer Grant Brown.
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Dec 18 (Reuters) - Wireless connectivity chip maker Qorvo QRVO.O said on Monday it has reached a definitive agreement to sell its assembly and test facilities in Beijing and Dezhou in China to contract manufacturer Luxshare Precision Industry 002475.SZ. Luxshare will assemble and test products for Qorvo under a newly established long-term supply agreement, Qorvo said. The Beijing and Dezhou facilities primarily support Qorvo's integrated advanced cellular products, the company said.
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Dec 18 (Reuters) - Wireless connectivity chip maker Qorvo QRVO.O said on Monday it has reached a definitive agreement to sell its assembly and test facilities in Beijing and Dezhou in China to contract manufacturer Luxshare Precision Industry 002475.SZ. Upon closing, Luxshare will acquire each facility's operations and assets, which include the property, plant and equipment, and the existing workforce, while Qorvo will continue to maintain its sales, engineering and customer support employees in China, the company added. "This transaction furthers our efforts to reduce capital intensity while supporting our long-term gross margin objectives and ensuring continuity for our customers in China," said Qorvo's Chief Financial Officer Grant Brown.
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Dec 18 (Reuters) - Wireless connectivity chip maker Qorvo QRVO.O said on Monday it has reached a definitive agreement to sell its assembly and test facilities in Beijing and Dezhou in China to contract manufacturer Luxshare Precision Industry 002475.SZ. The transaction, the financial terms of which were not disclosed, is expected to close by the first half of 2024. Upon closing, Luxshare will acquire each facility's operations and assets, which include the property, plant and equipment, and the existing workforce, while Qorvo will continue to maintain its sales, engineering and customer support employees in China, the company added.
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1eff5f9c-091a-4b0e-9799-b69fa304788d
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711172.0
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2023-12-16 00:00:00 UTC
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Former First Republic workers sue FDIC over withheld retirement pay
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https://www.nasdaq.com/articles/former-first-republic-workers-sue-fdic-over-withheld-retirement-pay
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By Douglas Gillison
Dec 18 (Reuters) - Nearly 170 former employees of California's failed First Republic Bank have sued the U.S. Federal Deposit Insurance Corporation (FDIC), alleging that the regulator is improperly blocking their access to at least $150 million in retirement funds, a plaintiffs' attorney said on Monday.
The lawsuit marks the latest fallout for the FDIC from three bank failures earlier this year that cost the agency's deposit insurance fund about $32 billion and have drawn scrutiny from lawmakers.
The lawsuit was filed on Dec. 5 in the U.S. District Court for the Northern District of California but has not been previously reported.
With assets of more than $200 billion, First Republic in May became the largest bank to fail since the 2007-2009 global financial crisis, despite efforts by major banks including JPMorgan Chase & Co JPM.N to right the ship, including a $30 billion infusion of deposits in March of this year.
As receiver, the FDIC in May sold virtually all the bank's assets to JP Morgan, which assumed all deposits as well.
In their complaint, the former employees allege that in mid-May the FDIC stopped payments intended for them under a deferred compensation plan that First Republic had earlier established for them in a trust. They say the FDIC instead began treating them as unsecured creditors, meaning they could be left with nothing.
"It's really inequitable. The employees are the ones that kept the bank healthy and profitable," said attorney Timothy Walsh of Winston & Strawn. His clients did not include any of the top executives whose alleged mismanagement contributed to First Republic's demise, Walsh added.
"They should not be penalized in this process."
Walsh said the FDIC's resolution of First Republic protected the Wall Street banks that injected deposits, while the former employees' retirement funds were much smaller. First Republic's failure cost the FDIC about $15 billion, according to a recent estimate.
The FDIC is also facing litigation from the former parent company of Silicon Valley Bank, which is seeking the return of about $2 billion the agency seized after the bank's collapse.
Representatives for the FDIC and JPMorgan declined to comment.
(Reporting by Douglas Gillison; Editing by Bill Berkrot and Cynthia Osterman)
((douglas.gillison@thomsonreuters.com; Reuters Messaging: @douglasgillison))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Douglas Gillison Dec 18 (Reuters) - Nearly 170 former employees of California's failed First Republic Bank have sued the U.S. Federal Deposit Insurance Corporation (FDIC), alleging that the regulator is improperly blocking their access to at least $150 million in retirement funds, a plaintiffs' attorney said on Monday. The lawsuit marks the latest fallout for the FDIC from three bank failures earlier this year that cost the agency's deposit insurance fund about $32 billion and have drawn scrutiny from lawmakers. In their complaint, the former employees allege that in mid-May the FDIC stopped payments intended for them under a deferred compensation plan that First Republic had earlier established for them in a trust.
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By Douglas Gillison Dec 18 (Reuters) - Nearly 170 former employees of California's failed First Republic Bank have sued the U.S. Federal Deposit Insurance Corporation (FDIC), alleging that the regulator is improperly blocking their access to at least $150 million in retirement funds, a plaintiffs' attorney said on Monday. The lawsuit marks the latest fallout for the FDIC from three bank failures earlier this year that cost the agency's deposit insurance fund about $32 billion and have drawn scrutiny from lawmakers. First Republic's failure cost the FDIC about $15 billion, according to a recent estimate.
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By Douglas Gillison Dec 18 (Reuters) - Nearly 170 former employees of California's failed First Republic Bank have sued the U.S. Federal Deposit Insurance Corporation (FDIC), alleging that the regulator is improperly blocking their access to at least $150 million in retirement funds, a plaintiffs' attorney said on Monday. The lawsuit marks the latest fallout for the FDIC from three bank failures earlier this year that cost the agency's deposit insurance fund about $32 billion and have drawn scrutiny from lawmakers. With assets of more than $200 billion, First Republic in May became the largest bank to fail since the 2007-2009 global financial crisis, despite efforts by major banks including JPMorgan Chase & Co JPM.N to right the ship, including a $30 billion infusion of deposits in March of this year.
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The lawsuit marks the latest fallout for the FDIC from three bank failures earlier this year that cost the agency's deposit insurance fund about $32 billion and have drawn scrutiny from lawmakers. With assets of more than $200 billion, First Republic in May became the largest bank to fail since the 2007-2009 global financial crisis, despite efforts by major banks including JPMorgan Chase & Co JPM.N to right the ship, including a $30 billion infusion of deposits in March of this year. Walsh said the FDIC's resolution of First Republic protected the Wall Street banks that injected deposits, while the former employees' retirement funds were much smaller.
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711173.0
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2023-12-16 00:00:00 UTC
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Nio Jumped on Big News Today: Is the Stock a Buy?
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https://www.nasdaq.com/articles/nio-jumped-on-big-news-today%3A-is-the-stock-a-buy
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Nio (NYSE: NIO) stock made big gains in Monday's trading. The Chinese electric vehicle (EV) company's share price closed out the daily session up 4.6%, according to data from S&P Global Market Intelligence.
Nio published a press release before the market opened today announcing that it was on track to receive a new round of investment funding from CYVN Holdings -- an Abu Dhabi-based holding company. Per the agreement, CYVN will invest $2.2 billion in Nio and receive 294 million shares of stock at a price of $7.50 per share.
Is Nio stock a buy right now?
Despite the big pop today, Nio stock is still down significantly across 2023's trading. The company's share price has fallen roughly 14% year to date. Even more striking, the EV stock trades down approximately 87% from the lifetime high that it reached in February 2021.
NIO PS Ratio (Forward) data by YCharts.
Nio stock now trades at roughly 1.9 times this year's expected sales -- a level that could potentially be considered quite cheap because the business has continued to grow its sales at an encouraging rate despite an unfavorable macroeconomic backdrop. But the injection of new capital from CYVN could also be viewed as a reminder that the company has been making much slower progress when it comes to its bottom line.
While Nio's revenue jumped 46.6% year over year to reach roughly $2.61 billion in the company's most recent quarter, gross profit for the period came in at $208.8 million, representing a decrease of approximately 12% year over year. As a result of declining margins, the company's net loss for the period hit $624.6 million -- up 10.8% from the loss posted in last year's quarter.
The new funding injection from CYVN represents a significant new vote of confidence from an institutional investor. On the other hand, the investment conglomerate's big purchase of new stock also highlights the fact that Nio's mounting losses have increased the company's need for outside funding.
For risk-tolerant investors seeking ways to play China's large and growing EV market, Nio stock could be a worthwhile portfolio addition. But if you don't have above-average risk tolerance, it probably makes more sense to remain on the sidelines right now.
Should you invest $1,000 in Nio right now?
Before you buy stock in Nio, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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See the 10 stocks
*Stock Advisor returns as of December 18, 2023
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Chinese electric vehicle (EV) company's share price closed out the daily session up 4.6%, according to data from S&P Global Market Intelligence. On the other hand, the investment conglomerate's big purchase of new stock also highlights the fact that Nio's mounting losses have increased the company's need for outside funding. For risk-tolerant investors seeking ways to play China's large and growing EV market, Nio stock could be a worthwhile portfolio addition.
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Per the agreement, CYVN will invest $2.2 billion in Nio and receive 294 million shares of stock at a price of $7.50 per share. For risk-tolerant investors seeking ways to play China's large and growing EV market, Nio stock could be a worthwhile portfolio addition. Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them.
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While Nio's revenue jumped 46.6% year over year to reach roughly $2.61 billion in the company's most recent quarter, gross profit for the period came in at $208.8 million, representing a decrease of approximately 12% year over year. Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Keith Noonan has no position in any of the stocks mentioned.
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Per the agreement, CYVN will invest $2.2 billion in Nio and receive 294 million shares of stock at a price of $7.50 per share. While Nio's revenue jumped 46.6% year over year to reach roughly $2.61 billion in the company's most recent quarter, gross profit for the period came in at $208.8 million, representing a decrease of approximately 12% year over year. Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nio wasn't one of them.
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43ec51eb-6b15-4355-8e0e-feccc649cdf5
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711174.0
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2023-12-16 00:00:00 UTC
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The Schrödinger’s Cat of Presidential Candidates
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https://www.nasdaq.com/articles/the-schrodingers-cat-of-presidential-candidates
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Editor’s Note: Hi, folks, it’s Louis Navellier. Today, I have a special guest column from Charles Sizemore, Chief Investment Analyst at InvestorPlace’s publishing partner, The Freeport Society. Charles published a brand-new special report — 5 Unapologetically Profitable Stocks for 2024 — where he shares five stocks that will help you survive and prosper through 2024 and beyond. Click here to get your FREE copy and to sign up for Charles’ free e-letter, The Freeport Navigator.
The floor is yours, Charles…
*********
An anonymous masked man is running for president of Ghana.
He hasn’t identified himself…
He hasn’t identified any of his policy proposals.
No one knows who he is or what he stands for.
He’s just “The Man in the Mask,” and his image covers billboards across the country. Here’s the official campaign ad on display.
I have no information on how this masked gentleman is polling in Ghana or what his odds of success are in next year’s election. It’s not the sort of thing that qualifies for space in The Wall Street Journal or The New York Times. I also can’t say if I’m pro-mask or anti-mask. It’s hard to form an opinion when I don’t know who he is or what he stands for.
Besides, nothing that happens in Ghana is likely to affect my life.
But if given the choice between an anonymous masked Ghanaian and any of the contenders in the 2024 U.S. presidential election, the former would get my vote.
However remote the possibility, he could be the next Reagan or Thatcher… or perhaps the reincarnation of George Washington himself! Call him the Schrödinger’s Cat of presidential candidates: an absolute unknown who could simultaneously be the best and worst candidate in history.
Unfortunately, our current crop of candidates are very well-known entities. We know good and well what we’re getting. And it’s not… well… good.
We’re getting continued deficit spending…
We’re getting more Federal Reserve intervention in the economy…
And we’re getting more special interest lobbying and grifting.
(My Freeport Society fellow and I also have a shocking election forecast that we’ll reveal on Monday. If we’re right, all of those bad things will be infinitely worse. Watch your inbox Monday evening for that special presentation.)
We also know what we’re not getting.
We’re not getting reforms to make Social Security and Medicare viable over the long term.
We’re not getting thoughtful policy proposals.
And we’re not getting any potential fixes to the housing affordability crisis.
I don’t know that the mysterious masked Ghanaian would have anything better to offer. But I DO know that the cure to drug addiction isn’t more heroin… Yet that’s what our current crop of candidates is offering.
Speaking of…
Fed Promises, Old and New
The Fed held its press conference on Wednesday. Jerome Powell is a man of his word. The central bank’s targeted interest rate range remains unchanged at 5.25% to 5.5%. That was widely expected.
But what few expected was Powell’s swing into decidedly dovish territory. For the first time, he said that the Fed’s targeted rate was “likely at or near its peak for this tightening cycle.”
In other words, no more rate hikes. He’s done.
But that’s not what jolted the market higher. The rocket fuel was this little tidbit from Powell’s prepared comments:
FOMC participants wrote down their individual assessments of an appropriate path for the federal funds rate based on what each participant judges to be the most likely scenario going forward…
If the economy evolves as projected, the median participant projects that the appropriate level of the federal funds rate will be 4.6 percent at the end of 2024, 3.6 percent at the end of 2025, and 2.9 percent at the end of 2026, still above the median longer-term rate.
The Federal Reserve is expecting interest rates to be nearly a full percentage point lower by this time next year.
I’m not so sure about that.
As I wrote on Thursday, the Fed’s job gets a lot harder from this point on. At this stage, labor-dependent services – rather than manufactured goods – are driving inflation. This makes rising prices a demographic problem, not a monetary one. Not even the omnipotent Fed Chair can snap his fingers and make new fully trained workers materialize out of the ether.
But, let’s say I’m being too pessimistic and, due to a productivity miracle, inflation in services falls enough to make the Fed’s rate cuts possible. (As Warren Buffett says, it’s generally a mistake to bet against America.)
Even then, Wall Street is still likely to be disappointed.
The futures market is pricing in only a 1.5% probability that rates will be anywhere near 4.6% by this time next year, as you can see in the chart below. In fact, it’s pricing in a 37% probability that the Fed cuts rates by 1.5% to 1.75% and a 30% probability they cut them significantly lower than that.
Let me be clear: Jerome Powell is not good at his job. We’re in this inflationary mess because he pumped an extra $5 trillion into the economy and believed that inflation was “transitory.”
But for all his faults, he’s transparent. Powell tells you exactly what he plans to do.
So, how exactly does this play out?
When the Fed doesn’t lower rates as much as the market is pricing in… what then? Do stock prices give back their Fed-inspired gains?
We’ll find out soon enough.
But if your returns depend on guessing the Fed’s next move correctly, you’re doing it wrong.
That’s not a game I want to play. I don’t want you playing it either.
I don’t want our returns to be at the whim of a fallible Fed Chair.
That’s why I focus on durable companies that have a way of making money no matter what direction the clown car in Washington happens to veer that day. Even if that clown car does end up including a masked presidential candidate.
Great American businesses, the Rich Man’s Currency, are one of the themes I cover in my special report – 5 Unapologetically Profitable Stocks for 2024 – which you can download for free right here.
To life, liberty, and the pursuit of wealth,
Charles Sizemore
Chief Investment Strategist, The Freeport Society
P.S. As I mentioned earlier, today, The Freeport Society is releasing a shocking prediction about the winner of the 2024 presidential election. To learn the identity of this controversial candidate and discover what it means for America, be sure to check your inbox tonight to be among the first to get the details.
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The post The Schrödinger’s Cat of Presidential Candidates 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.
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Today, I have a special guest column from Charles Sizemore, Chief Investment Analyst at InvestorPlace’s publishing partner, The Freeport Society. Great American businesses, the Rich Man’s Currency, are one of the themes I cover in my special report – 5 Unapologetically Profitable Stocks for 2024 – which you can download for free right here. 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.
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Today, I have a special guest column from Charles Sizemore, Chief Investment Analyst at InvestorPlace’s publishing partner, The Freeport Society. Charles published a brand-new special report — 5 Unapologetically Profitable Stocks for 2024 — where he shares five stocks that will help you survive and prosper through 2024 and beyond. Great American businesses, the Rich Man’s Currency, are one of the themes I cover in my special report – 5 Unapologetically Profitable Stocks for 2024 – which you can download for free right here.
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For the first time, he said that the Fed’s targeted rate was “likely at or near its peak for this tightening cycle.” In other words, no more rate hikes. The rocket fuel was this little tidbit from Powell’s prepared comments: FOMC participants wrote down their individual assessments of an appropriate path for the federal funds rate based on what each participant judges to be the most likely scenario going forward… If the economy evolves as projected, the median participant projects that the appropriate level of the federal funds rate will be 4.6 percent at the end of 2024, 3.6 percent at the end of 2025, and 2.9 percent at the end of 2026, still above the median longer-term rate. In fact, it’s pricing in a 37% probability that the Fed cuts rates by 1.5% to 1.75% and a 30% probability they cut them significantly lower than that.
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The Federal Reserve is expecting interest rates to be nearly a full percentage point lower by this time next year. When the Fed doesn’t lower rates as much as the market is pricing in… what then? I don’t want our returns to be at the whim of a fallible Fed Chair.
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711175.0
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2023-12-16 00:00:00 UTC
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After Hours Most Active for Dec 18, 2023 : PACB, AAPL, VTIP, EDAP, FTNT, AMZN, HPE, SKT, VZ, MRK, BVN, PFE
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DCOMP
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https://www.nasdaq.com/articles/after-hours-most-active-for-dec-18-2023-%3A-pacb-aapl-vtip-edap-ftnt-amzn-hpe-skt-vz-mrk-bvn
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The NASDAQ 100 After Hours Indicator is down -14.14 to 16,715.66. The total After hours volume is currently 109,710,697 shares traded.
The following are the most active stocks for the after hours session:
Pacific Biosciences of California, Inc. (PACB) is -0.03 at $9.16, with 4,409,695 shares traded. As reported in the last short interest update the days to cover for PACB is 7.507765; this calculation is based on the average trading volume of the stock.
Apple Inc. (AAPL) is -0.17 at $195.72, with 3,864,763 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Vanguard Short-Term Inflation-Protected Securities Index Fund (VTIP) is -0.02 at $48.02, with 3,375,711 shares traded. This represents a 3.19% increase from its 52 Week Low.
EDAP TMS S.A. (EDAP) is unchanged at $5.00, with 3,132,663 shares traded. As reported by Zacks, the current mean recommendation for EDAP is in the "strong buy range".
Fortinet, Inc. (FTNT) is unchanged at $56.11, with 2,447,079 shares traded. FTNT's current last sale is 96.74% of the target price of $58.
Amazon.com, Inc. (AMZN) is -0.24 at $153.83, with 2,293,457 shares traded., following a 52-week high recorded in today's regular session.
Hewlett Packard Enterprise Company (HPE) is -0.04 at $16.75, with 2,237,291 shares traded. HPE's current last sale is 93.06% of the target price of $18.
Tanger Inc. (SKT) is unchanged at $27.90, with 2,141,915 shares traded. SKT's current last sale is 116.25% of the target price of $24.
Verizon Communications Inc. (VZ) is unchanged at $37.67, with 2,088,052 shares traded. VZ's current last sale is 91.88% of the target price of $41.
Merck & Company, Inc. (MRK) is unchanged at $106.04, with 1,859,336 shares traded. As reported by Zacks, the current mean recommendation for MRK is in the "buy range".
Buenaventura Mining Company Inc. (BVN) is -0.28 at $12.82, with 1,662,949 shares traded., following a 52-week high recorded in today's regular session.
Pfizer, Inc. (PFE) is -0.06 at $27.00, with 1,445,536 shares traded. PFE's current last sale is 77.14% of the target price of $35.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As reported in the last short interest update the days to cover for PACB is 7.507765; this calculation is based on the average trading volume of the stock. Vanguard Short-Term Inflation-Protected Securities Index Fund (VTIP) is -0.02 at $48.02, with 3,375,711 shares traded. Buenaventura Mining Company Inc. (BVN) is -0.28 at $12.82, with 1,662,949 shares traded., following a 52-week high recorded in today's regular session.
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The total After hours volume is currently 109,710,697 shares traded. Amazon.com, Inc. (AMZN) is -0.24 at $153.83, with 2,293,457 shares traded., following a 52-week high recorded in today's regular session. Buenaventura Mining Company Inc. (BVN) is -0.28 at $12.82, with 1,662,949 shares traded., following a 52-week high recorded in today's regular session.
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The total After hours volume is currently 109,710,697 shares traded. EDAP TMS S.A. (EDAP) is unchanged at $5.00, with 3,132,663 shares traded. Merck & Company, Inc. (MRK) is unchanged at $106.04, with 1,859,336 shares traded.
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The following are the most active stocks for the after hours session: Merck & Company, Inc. (MRK) is unchanged at $106.04, with 1,859,336 shares traded. PFE's current last sale is 77.14% of the target price of $35.
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711176.0
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2023-12-16 00:00:00 UTC
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Wall Street ends higher, extending rate-cut rally
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DCOMP
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https://www.nasdaq.com/articles/wall-street-ends-higher-extending-rate-cut-rally
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By Stephen Culp
NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data.
A broad but modest rally boosted the S&P 500 and the Nasdaq to solid gains, while the Dow ended flat.
"Markets are heading in the direction of the Fed beginning to cut interest rates next year," said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. "The data, whether it’s inflation, consumer spending or the labor market, are not ... deteriorating too fast or running too hot, so that Goldilocks scenario continues to play out."
Wall Street continues to build on seven straight weeks of gains, the S&P 500's longest weekly winning streak since 2017.
The S&P 500 is now about 1.2% shy of its all-time closing high, amid growing optimism regarding policy rate cuts in 2024, a fervor that Fed policy makers attempted to rein in on Monday.
Chicago Fed President Austan Goolsbee warned that the central bank has not pre-committed to cutting rates anytime soon, while Cleveland Fed President Loretta Mester said financial markets had got "a little bit ahead" of the central bank with respect to the timing and extent of interest rate cuts.
Even so, financial markets have priced in a 63.4% likelihood that the central bank will lower its Fed funds target rate by 25 basis points at its March monetary policy meeting, according to CME's FedWatch tool.
"There’s still a disconnect between investors pricing in five to six cuts next year and the Fed dots that show three," Hainlin added. "Markets continue to run ahead of the Fed and it seems to imply that it’s less important how many cuts, just that there’s going to be cuts."
Later in the week, the Commerce Department is expected to release its third and final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation.
The Dow Jones Industrial Average .DJI held steady at 37,306.02, the S&P 500 .SPX gained 21.37 points, or 0.45%, to 4,740.56 and the Nasdaq Composite .IXIC added 90.89 points, or 0.61%, to 14,904.81.
Of the 11 major sectors in the S&P 500, communication services .SPLRCL advanced the most, with real estate .SPLRCR and utilities .SPLRCU ending the session red.
Mounting attacks by militant groups on ships in the Red Sea sent crude prices higher over supply concerns, which in turn boosted energy stocks .SPNY, which have largely been left behind by the recent rally.
S&P 500 energy stocks added 0.8%.
United States Steel X.N jumped 26.1% to a more than 12-year high after Japan's Nippon Steel 5401.Tannounced it would buy the steelmaker in a $14.9 billion deal including debt.
Apple AAPL.O dipped 0.9% as China's ban on the company's iPhones and other foreign-made gadgets gathered momentum.
VF Corp VFC.N slid 7.8% following its announcement that it was investigating "unauthorized" activity on its computer systems, which disrupted some of its business, including the ability to fulfill orders on its e-commerce site.
Advancing issues outnumbered declining ones on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.15-to-1 ratio favored decliners.
The S&P 500 posted 31 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 132 new highs and 107 new lows.
Volume on U.S. exchanges was 11.75 billion shares, compared with the 11.88 billion average for the full session over the last 20 trading days.
(Reporting by Stephen Culp in New York Additional reporting by Sruthi Shankar and Johann M Cherian in Bengaluru Editing by Maju Samuel and Matthew Lewis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. Even so, financial markets have priced in a 63.4% likelihood that the central bank will lower its Fed funds target rate by 25 basis points at its March monetary policy meeting, according to CME's FedWatch tool. Later in the week, the Commerce Department is expected to release its third and final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation.
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By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. "Markets are heading in the direction of the Fed beginning to cut interest rates next year," said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. The Dow Jones Industrial Average .DJI held steady at 37,306.02, the S&P 500 .SPX gained 21.37 points, or 0.45%, to 4,740.56 and the Nasdaq Composite .IXIC added 90.89 points, or 0.61%, to 14,904.81.
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By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. "Markets are heading in the direction of the Fed beginning to cut interest rates next year," said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. Chicago Fed President Austan Goolsbee warned that the central bank has not pre-committed to cutting rates anytime soon, while Cleveland Fed President Loretta Mester said financial markets had got "a little bit ahead" of the central bank with respect to the timing and extent of interest rate cuts.
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By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. "Markets continue to run ahead of the Fed and it seems to imply that it’s less important how many cuts, just that there’s going to be cuts." The Dow Jones Industrial Average .DJI held steady at 37,306.02, the S&P 500 .SPX gained 21.37 points, or 0.45%, to 4,740.56 and the Nasdaq Composite .IXIC added 90.89 points, or 0.61%, to 14,904.81.
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711177.0
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2023-12-16 00:00:00 UTC
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US STOCKS-Wall Street ends higher, extending rate-cut rally
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DCOMP
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https://www.nasdaq.com/articles/us-stocks-wall-street-ends-higher-extending-rate-cut-rally
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By Stephen Culp
NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data.
A broad but modest rally boosted the S&P 500 and the Nasdaq to solid gains, while the Dow ended flat.
"Markets are heading in the direction of the Fed beginning to cut interest rates next year," said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. "The data, whether it’s inflation, consumer spending or the labor market, are not ... deteriorating too fast or running too hot, so that Goldilocks scenario continues to play out."
Wall Street continues to build on seven straight weeks of gains, the S&P 500's longest weekly winning streak since 2017.
The S&P 500 is now about 1.2% shy of its all-time closing high, amid growing optimism regarding policy rate cuts in 2024, a fervor that Fed policy makers attempted to rein in on Monday.
Chicago Fed President Austan Goolsbee warned that the central bank has not pre-committed to cutting rates anytime soon, while Cleveland Fed President Loretta Mester said financial markets had got "a little bit ahead" of the central bank with respect to the timing and extent of interest rate cuts.
Even so, financial markets have priced in a 63.4% likelihood that the central bank will lower its Fed funds target rate by 25 basis points at its March monetary policy meeting, according to CME's FedWatch tool.
"There’s still a disconnect between investors pricing in five to six cuts next year and the Fed dots that show three," Hainlin added. "Markets continue to run ahead of the Fed and it seems to imply that it’s less important how many cuts, just that there’s going to be cuts."
Later in the week, the Commerce Department is expected to release its third and final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation.
The Dow Jones Industrial Average .DJI held steady at 37,306.02, the S&P 500 .SPX gained 21.37 points, or 0.45%, to 4,740.56 and the Nasdaq Composite .IXIC added 90.89 points, or 0.61%, to 14,904.81.
Of the 11 major sectors in the S&P 500, communication services .SPLRCL advanced the most, with real estate .SPLRCR and utilities .SPLRCU ending the session red.
Mounting attacks by militant groups on ships in the Red Sea sent crude prices higher over supply concerns, which in turn boosted energy stocks .SPNY, which have largely been left behind by the recent rally.
S&P 500 energy stocks added 0.8%.
United States Steel X.N jumped 26.1% to a more than 12-year high after Japan's Nippon Steel 5401.Tannounced it would buy the steelmaker in a $14.9 billion deal including debt.
Apple AAPL.O dipped 0.9% as China's ban on the company's iPhones and other foreign-made gadgets gathered momentum.
VF Corp VFC.N slid 7.8% following its announcement that it was investigating "unauthorized" activity on its computer systems, which disrupted some of its business, including the ability to fulfill orders on its e-commerce site.
Advancing issues outnumbered declining ones on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.15-to-1 ratio favored decliners.
The S&P 500 posted 31 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 132 new highs and 107 new lows.
Volume on U.S. exchanges was 11.75 billion shares, compared with the 11.88 billion average for the full session over the last 20 trading days.
(Reporting by Stephen Culp in New York Additional reporting by Sruthi Shankar and Johann M Cherian in Bengaluru Editing by Maju Samuel and Matthew Lewis)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. Even so, financial markets have priced in a 63.4% likelihood that the central bank will lower its Fed funds target rate by 25 basis points at its March monetary policy meeting, according to CME's FedWatch tool. Later in the week, the Commerce Department is expected to release its third and final take on third-quarter GDP on Thursday, to be followed by its broad-ranging Personal Consumption Expenditures (PCE) report on Friday, which will cover income growth, consumer spending, and crucially, inflation.
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By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. "Markets are heading in the direction of the Fed beginning to cut interest rates next year," said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. The Dow Jones Industrial Average .DJI held steady at 37,306.02, the S&P 500 .SPX gained 21.37 points, or 0.45%, to 4,740.56 and the Nasdaq Composite .IXIC added 90.89 points, or 0.61%, to 14,904.81.
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By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. "Markets are heading in the direction of the Fed beginning to cut interest rates next year," said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. Chicago Fed President Austan Goolsbee warned that the central bank has not pre-committed to cutting rates anytime soon, while Cleveland Fed President Loretta Mester said financial markets had got "a little bit ahead" of the central bank with respect to the timing and extent of interest rate cuts.
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By Stephen Culp NEW YORK, Dec 18 (Reuters) - U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. "Markets continue to run ahead of the Fed and it seems to imply that it’s less important how many cuts, just that there’s going to be cuts." The Dow Jones Industrial Average .DJI held steady at 37,306.02, the S&P 500 .SPX gained 21.37 points, or 0.45%, to 4,740.56 and the Nasdaq Composite .IXIC added 90.89 points, or 0.61%, to 14,904.81.
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2023-12-16 00:00:00 UTC
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3 of the Best Meme Stocks to Double Down On in 2024
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https://www.nasdaq.com/articles/3-of-the-best-meme-stocks-to-double-down-on-in-2024
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
In the dynamic stock market realm, the term “best meme stocks” transcends being a mere catchphrase, encapsulating a pivotal movement. Fueled by social sentiment, the recent documentary “Dumb Money” shed light on the remarkable retail trading surge of 2021, which left Wall Street pundits scratching their heads.
Additionally, the impact of meme stocks has been profound, catapulting companies such as GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) into the spotlight, marking a significant chapter in financial history. But it’s important to acknowledge that the appeal of meme stocks goes beyond just their social media fame.
As such, the social media forces driving the meme stock phenomenon are here to stay. As the world ventures deeper into digital realms, the online culture is expected to wield a greater sway over market trends. This evolving investment landscape presents unique opportunities for savvy traders to combine the thrill of viral movements with serious stock trading.
Nvidia (NVDA)
Source: Michael Vi / Shutterstock.com
Nvidia (NASDAQ:NVDA), leading in artificial intelligence (AI) chip technology, excels in the stock market with key partnerships like Amazon Web Services, highlighting its role in AI and cloud integration. Concurrently, the company’s strong presence on social media platforms like Reddit, X (formerly Twitter) and Discord enhances community engagement and market visibility, potentially influencing market dynamics.
Financially, its third quarter results were exceptional, with a staggering non-GAAP earnings per share (EPS) of $4.02, exceeding expectations by 63 cents, and a revenue surge to $18.12 billion, up 205.6% year-over-year (YOY). Its data center revenue also set a new record at $14.51 billion, marking significant quarterly and annual growth.
Furthermore, Nvidia’s financial success this year is mainly attributable to the impact of its A100 and H100 chips, instrumental in powering advanced AI training models. Additionally, the company is poised to unveil the GH200 AI chip in mid-2024, a development eagerly anticipated by the tech industry. With staggering financial and technological accomplishments recently, NVDA isn’t just any meme stock, it’s going to be one of the best meme stocks for 2024.
Advanced Micro Devices (AMD)
Source: Joseph GTK / Shutterstock.com
Advanced Micro Devices (NASDAQ:AMD), a global semiconductor leader, has seen an impressive 14.38% surge in the past month. This stellar growth can be primarily attributed to the introduction of AMD’s groundbreaking Ryzen 8040 microchips, which have been a driving factor in the company’s recent success.
Furthermore, the company’s innovation is showcased by the MI300X accelerator microchip now available for purchase, posing a direct challenge to Nvidia’s AI data center chips. The significance of this strategic move is underscored by tech giants Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) both favoring AMD’s more cost-effective MI300X chips over Nvidia’s pricier H100 chips.
Financially, these developments project a $400 billion total addressable market by 2027, up from a forecast of $150 billion in August. Bolstering this view are strong third quarter results, with non-GAAP EPS at 70 cents, surpassing expectations by 2 cents, and $5.8 billion in revenue reflecting solid 4.1% YOY growth. AMD’s prominence in AI signals a bright future for the company and its investors, making it another one of investor’s top picks for best meme stocks for 2024.
Meta Platforms (META)
Source: Aleem Zahid Khan / Shutterstock.com
In 2023, Meta Platforms reinforced its dominance in the social media realm through key AI innovations. Demonstrating its technological prowess, Meta’s AI-driven products, coupled with its collaboration in the AI Alliance with IBM (NYSE:IBM), highlight its leadership in AI development, signifying a strategic shift towards redefining digital interactions.
Moreover, Meta’s recent partnership with Amazon (NASDAQ:AMZN) exemplifies its innovative approach. This collaboration aims to streamline the shopping experience by integrating Amazon ads into Meta products, enabling users to shop and checkout directly. This synergy not only enhances user convenience but also promises mutual benefits for both Meta and Amazon.
Financially, Meta showcased robust performance, with a GAAP EPS of $4.39, surpassing expectations by 76 cents. Its revenue escalated to $34.15 billion, a 23.2% increase from the previous year, outstripping forecasts by $700 million. This financial success is further complemented by enhanced user engagement on Facebook and Instagram, a testament to the efficacy of Meta’s AI-enhanced feed algorithms.
On the date of publication, Muslim Farooque 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.
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 of the Best Meme Stocks to Double Down On 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.
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Fueled by social sentiment, the recent documentary “Dumb Money” shed light on the remarkable retail trading surge of 2021, which left Wall Street pundits scratching their heads. This evolving investment landscape presents unique opportunities for savvy traders to combine the thrill of viral movements with serious stock trading. Financially, its third quarter results were exceptional, with a staggering non-GAAP earnings per share (EPS) of $4.02, exceeding expectations by 63 cents, and a revenue surge to $18.12 billion, up 205.6% year-over-year (YOY).
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the dynamic stock market realm, the term “best meme stocks” transcends being a mere catchphrase, encapsulating a pivotal movement. Advanced Micro Devices (AMD) Source: Joseph GTK / Shutterstock.com Advanced Micro Devices (NASDAQ:AMD), a global semiconductor leader, has seen an impressive 14.38% surge in the past month. Bolstering this view are strong third quarter results, with non-GAAP EPS at 70 cents, surpassing expectations by 2 cents, and $5.8 billion in revenue reflecting solid 4.1% YOY growth.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the dynamic stock market realm, the term “best meme stocks” transcends being a mere catchphrase, encapsulating a pivotal movement. Nvidia (NVDA) Source: Michael Vi / Shutterstock.com Nvidia (NASDAQ:NVDA), leading in artificial intelligence (AI) chip technology, excels in the stock market with key partnerships like Amazon Web Services, highlighting its role in AI and cloud integration. Meta Platforms (META) Source: Aleem Zahid Khan / Shutterstock.com In 2023, Meta Platforms reinforced its dominance in the social media realm through key AI innovations.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips In the dynamic stock market realm, the term “best meme stocks” transcends being a mere catchphrase, encapsulating a pivotal movement. Its data center revenue also set a new record at $14.51 billion, marking significant quarterly and annual growth. With staggering financial and technological accomplishments recently, NVDA isn’t just any meme stock, it’s going to be one of the best meme stocks for 2024.
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2023-12-16 00:00:00 UTC
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Why VF Corporation Stock Dropped Today
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https://www.nasdaq.com/articles/why-vf-corporation-stock-dropped-today
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Shares of VF Corporation (NYSE: VFC) fell as much as 9% early Monday, then settled to trade down 7% as of 1:30 p.m. ET after the parent company of brands including Vans, The North Face, Timberland, and Smart Wool disclosed a cyberattack that could have a material impact on its holiday sales.
A cyberattack at the worst possible time for VF Corporation
In an SEC filing this morning, VF says it detected unauthorized access to a portion of its information technology (IT) systems on Dec. 13, 2023. VF immediately took steps to contain and remediate the incident, including shutting down some systems and starting discussions with leading external cybersecurity experts. It also noted the threat actor disrupted operations by not only encrypting some of its IT systems, but also stealing some data from the company, including personal data.
Worse yet, VF says it's still working to bring the impacted portions of its IT systems back online while putting workarounds in place to reduce disruption to its ability to serve customers during the crucial holiday season. Though VF-operated retail stores are still open and consumers can still purchase available merchandise, the cyberattack has impacted its ability to fulfill orders placed by customers online.
What's next for VF investors?
VF added that it still doesn't know the full scope and impact of the incident, but admitted it "has had and is reasonably likely to continue to have a material impact" on its operations until the issue is resolved.
For perspective, VF Corporation most recently reported fiscal second-quarter 2024 results (for the period ended Sept. 30, 2023) in late October. Shares fell at the time after the company withdrew its full-year outlook, with management citing weak sales in the U.S. and a lack of progress improving the performance of the Vans brand. Meanwhile, VF shifted its focus to a large-scale cost-reduction program that aims to deliver $300 million of fixed-cost savings by removing spend in non-strategic areas of the business. Suffice to say this cyberattack is doing it no favors to that end.
If the timing of VF's previous earnings releases is any indication, it should be slated to announced fiscal third-quarter 2024 results in early February. Given the yet-to-be-known scale and cost of this cyberattack, however, it's no surprise to see some investors tapping that sell button right now.
Should you invest $1,000 in VF right now?
Before you buy stock in VF, consider this:
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Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Worse yet, VF says it's still working to bring the impacted portions of its IT systems back online while putting workarounds in place to reduce disruption to its ability to serve customers during the crucial holiday season. Shares fell at the time after the company withdrew its full-year outlook, with management citing weak sales in the U.S. and a lack of progress improving the performance of the Vans brand. Meanwhile, VF shifted its focus to a large-scale cost-reduction program that aims to deliver $300 million of fixed-cost savings by removing spend in non-strategic areas of the business.
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ET after the parent company of brands including Vans, The North Face, Timberland, and Smart Wool disclosed a cyberattack that could have a material impact on its holiday sales. Before you buy stock in VF, 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 VF wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Steve Symington has no position in any of the stocks mentioned.
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A cyberattack at the worst possible time for VF Corporation In an SEC filing this morning, VF says it detected unauthorized access to a portion of its information technology (IT) systems on Dec. 13, 2023. Before you buy stock in VF, 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 VF wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Steve Symington has no position in any of the stocks mentioned.
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What's next for VF investors? For perspective, VF Corporation most recently reported fiscal second-quarter 2024 results (for the period ended Sept. 30, 2023) in late October. Before you buy stock in VF, 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 VF wasn't one of them.
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711180.0
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2023-12-16 00:00:00 UTC
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Top Analyst Reports for Netflix, Boeing & American Express
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https://www.nasdaq.com/articles/top-analyst-reports-for-netflix-boeing-american-express
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Monday, December 18, 2023
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Netflix, Inc. (NFLX), The Boeing Co. (BA) and American Express Co. (AXP). 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 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. (AMZN), BlackRock, Inc. (BLK) and Shopify Inc. (SHOP).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Netflix (NFLX) Benefits from Paid Sharing & Robust Portfolio
Military Business Aids Boeing (BA), 787 Program Issue Woes
Robust Revenues & Cash Flows Aid American Express (AXP)
Featured Reports
Buyouts, Solid AUM Aid BlackRock (BLK), Higher Costs Ails
Per the Zacks analyst, BlackRock is poised for growth, given its robust AUM balance and efforts to expand through acquisitions. Elevated expenses remain a headwind and will its bottom-line growth.
CVS Health (CVS) Digital Offerings Grows Amid Stiff Rivalry
The Zacks analyst is impressed with CVS Health's increasing digital base as it exceeded 55 million unique digital customers till third-quarter end. Yet stiff competition remains a concern.
CSX (CSX) Rides on Dividends & Buyback Amid Rising Expenses
The Zacks analyst likes the shareholder-friendly measures adopted by CSX. However, rising operating expenses are concerning as they are likely to keep the bottom line under pressure.
Strong Demand & Acquisitions Aid Fortive's (FTV) Performance
Per the Zacks analyst, strong demand trends and acquisitions is driving Fortive's performance. Softness in healthcare business coupled with uncertain economic recovery in China is concerning.
Build-To-Order Model Aid PulteGroup (PHM) Amid Project Delays
Per the Zacks analyst, PulteGroup's solid operating model, which strategically aligns the production of build-to-order and quick-move-in homes bode well. Yet, project delays are major concern.
Ayvakit Sales Boosts Blueprint (BPMC), High Dependence a Woe
Per the Zacks Analyst, BPMC has been witnessing increased growth in Ayvakit sales, following label expansion in the U.S. market. However, high dependency on Ayvakit for revenue generation is a woe.
Helen of Troy (HELE) Benefits From Strong Leadership Brands
Per the Zacks analyst, Helen of Troy is benefiting from solid investments in its Leadership Brands. Key Leadership brands like OXO, Osprey and Vicks performed well in fiscal second-quarter.
New Upgrades
Amazon (AMZN) Banks on Prime Momentum & Growing AWS Adoption
Per the Zacks analyst, Amazon is benefiting from Prime enabled fast delivery services and robust content portfolio. Further, its strengthening cloud offerings are aiding the adoption rate of AWS.
Product Rollouts & Growing Merchant Base Aid Shopify (SHOP)
Per the Zacks analyst, Shopify is benefiting from products like Shopify Shipping, Shopify Payments and Shopify Capital solutions. New merchant friendly applications are also driving growth.
Solid Capital Position & Premium Growth Aid Assurant (AIZ)
The Zacks analyst is optimistic about solid Global Lifestyle segment of Assurant, which will drive improvement in earned premiums and fees. Solid capital position supports capital deployment.
New Downgrades
Upstream Budget Tightness to Hurt NOV Inc. (NOV)
The Zacks analyst believes that the tightness in the upstream companies' investment budget is likely to continue through the near erm, which is expected to weigh on NOV's revenues.
Lower Production & High Costs to Hurt Southern Copper (SCCO)
The Zacks analyst is worried that lower production due to lower ore grades at Cuajone and high labor, production and operating costs will hurt the company's results.
Higher Input & Production Costs Hurt Kronos Worldwide (KRO)
Per the Zacks analyst, a spike in raw material costs will weigh on the company's bottom line. It also faces headwinds from higher production costs.
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
The Boeing Company (BA) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
BlackRock, Inc. (BLK) : 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.
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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. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Netflix (NFLX) Benefits from Paid Sharing & Robust Portfolio Military Business Aids Boeing (BA), 787 Program Issue Woes Robust Revenues & Cash Flows Aid American Express (AXP) Featured Reports Buyouts, Solid AUM Aid BlackRock (BLK), Higher Costs Ails Per the Zacks analyst, BlackRock is poised for growth, given its robust AUM balance and efforts to expand through acquisitions. 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%.
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Today's Research Daily features new research reports on 16 major stocks, including Netflix, Inc. (NFLX), The Boeing Co. (BA) and American Express Co. (AXP). If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Netflix (NFLX) Benefits from Paid Sharing & Robust Portfolio Military Business Aids Boeing (BA), 787 Program Issue Woes Robust Revenues & Cash Flows Aid American Express (AXP) Featured Reports Buyouts, Solid AUM Aid BlackRock (BLK), Higher Costs Ails Per the Zacks analyst, BlackRock is poised for growth, given its robust AUM balance and efforts to expand through acquisitions. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report BlackRock, Inc. (BLK) : 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.
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If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Netflix (NFLX) Benefits from Paid Sharing & Robust Portfolio Military Business Aids Boeing (BA), 787 Program Issue Woes Robust Revenues & Cash Flows Aid American Express (AXP) Featured Reports Buyouts, Solid AUM Aid BlackRock (BLK), Higher Costs Ails Per the Zacks analyst, BlackRock is poised for growth, given its robust AUM balance and efforts to expand through acquisitions. Lower Production & High Costs to Hurt Southern Copper (SCCO) The Zacks analyst is worried that lower production due to lower ore grades at Cuajone and high labor, production and operating costs will hurt the company's results. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report BlackRock, Inc. (BLK) : 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.
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Today's Research Daily features new research reports on 16 major stocks, including Netflix, Inc. (NFLX), The Boeing Co. (BA) and American Express Co. (AXP). A strengthening U.S. defense budget should also boost Boeing’s Defense, Space & Security's segment growth. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Netflix (NFLX) Benefits from Paid Sharing & Robust Portfolio Military Business Aids Boeing (BA), 787 Program Issue Woes Robust Revenues & Cash Flows Aid American Express (AXP) Featured Reports Buyouts, Solid AUM Aid BlackRock (BLK), Higher Costs Ails Per the Zacks analyst, BlackRock is poised for growth, given its robust AUM balance and efforts to expand through acquisitions.
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2023-12-16 00:00:00 UTC
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Pre-Market Earnings Report for December 19, 2023 : ACN, FDS, FCEL
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https://www.nasdaq.com/articles/pre-market-earnings-report-for-december-19-2023-%3A-acn-fds-fcel
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The following companies are expected to report earnings prior to market open on 12/19/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Accenture plc (ACN)is reporting for the quarter ending November 30, 2023. The consulting company's consensus earnings per share forecast from the 10 analysts that follow the stock is $3.14. This value represents a 1.95% increase compared to the same quarter last year. In the past year ACN has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 3.44%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ACN is 28.19 vs. an industry ratio of 24.20, implying that they will have a higher earnings growth than their competitors in the same industry.
FactSet Research Systems Inc. (FDS)is reporting for the quarter ending November 30, 2023. The business info service company's consensus earnings per share forecast from the 9 analysts that follow the stock is $4.10. This value represents a 2.76% increase compared to the same quarter last year. FDS missed the consensus earnings per share in the 3rd calendar quarter of 2023 by -16.05%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for FDS is 28.52 vs. an industry ratio of 23.50, implying that they will have a higher earnings growth than their competitors in the same industry.
FuelCell Energy, Inc. (FCEL)is reporting for the quarter ending October 31, 2023. The alternative energy company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.08. This value represents a 27.27% increase compared to the same quarter last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The consulting company's consensus earnings per share forecast from the 10 analysts that follow the stock is $3.14. The business info service company's consensus earnings per share forecast from the 9 analysts that follow the stock is $4.10. The alternative energy company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.08.
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Zacks Investment Research reports that the 2024 Price to Earnings ratio for ACN is 28.19 vs. an industry ratio of 24.20, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2024 Price to Earnings ratio for FDS is 28.52 vs. an industry ratio of 23.50, implying that they will have a higher earnings growth than their competitors in the same industry. The alternative energy company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.08.
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Zacks Investment Research reports that the 2024 Price to Earnings ratio for ACN is 28.19 vs. an industry ratio of 24.20, implying that they will have a higher earnings growth than their competitors in the same industry. FDS missed the consensus earnings per share in the 3rd calendar quarter of 2023 by -16.05%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for FDS is 28.52 vs. an industry ratio of 23.50, implying that they will have a higher earnings growth than their competitors in the same industry.
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In the past year ACN has beat the expectations every quarter. FactSet Research Systems Inc. (FDS)is reporting for the quarter ending November 30, 2023. FDS missed the consensus earnings per share in the 3rd calendar quarter of 2023 by -16.05%.
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2023-12-16 00:00:00 UTC
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Should You Buy the Top-Rated Stock on the S&P 500?
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https://www.nasdaq.com/articles/should-you-buy-the-top-rated-stock-on-the-sp-500
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The airline industry is notorious for its various operational challenges, including volatile fuel prices, unpredictable demand trends, labor issues, and various regulatory concerns. That often translates to razor-thin margins for even the most successful airlines, and there has been quite a bit of consolidation in the industry over the years as smaller players have struggled to survive, let alone compete.
Given that, it may surprise investors to learn that the single highest-rated stock among S&P 500 Index ($SPX) components is none other than Delta Air Lines (DAL), which has earned a unanimous “Strong Buy” recommendation from all 15 analysts tracking the shares. So what's the forecast for this airline stock in 2024 - and are Delta shares worth scooping up at current levels? Here's a closer look.
About Delta Airlines
Based out of Atlanta and founded in 1929, Delta is one of the top U.S. airlines by market share, operating flights to over 300 destinations across 60 countries. Delta currently commands a market cap of $27.24 billion.
Delta stock has gained nearly 27% in 2023, narrowly outperforming the broader S&P 500. The stock also offers a modest dividend yield of 0.47%.
www.barchart.com
Q3 Earnings Beat Expectations
Delta posted a solid set of numbers in its latest results for the third quarter, beating Wall Street's expectations across the board. Revenues rose 10.8% to $15.5 billion, while EPS shot up by 34.4% from the year-ago period to $2.03, topping the consensus estimate of $1.95.
Operationally, the company reported yearly improvement in revenue passenger miles (up 17% YoY), available seat miles (up 16% YoY), and passenger load factor (88% in Q3 2023 vs 87% in Q3 2022). Total revenue per available seat mile fell 5% YoY.
Net cash from operating activities increased by 23.8% yearly to $1.1 billion, and the airline closed the quarter with a cash balance of $2.8 billion. Delta also reduced net debt by $2.1 billion compared to the end of 2022.
Successful Long-Term Strategy
Longer term, Delta's revenues and EPS have expanded at a 10-year CAGR of 4.38% and 8.18%, respectively.
Over the past 20 years, anticipating the regional market would become less profitable, the airline streamlined its regional jets portfolio by eliminating 50 passenger regional jets even while adding larger, more efficient mainline jets, including the highly efficient Airbus A220 and the Boeing (BA) 717. Notably, Delta contracts for hundreds fewer regional jets than rivals American (AAL) and United (UAL).
Delta has also shifted its focus toward the lucrative coastal markets of Boston, New York and Los Angeles. Moreover, it has forged long-term strategic partnerships by acquiring stakes in seven airlines across the world.
Notably, Delta also boasts the biggest contracted business travel revenue than any other U.S. airline. This has further boosted profitability for the company, as business travel passengers provide higher margins.
Strong Short-Term Outlook
In the shorter term, analysts at Bank of America noted that corporate air travel recently strengthened to levels last recorded in April - and more broadly, AAA is forecasting holiday season travel to hit new records this year, pushing past the pre-pandemic highs set in 2019.
At the Morgan Stanley Global Consumer & Retail Conference, Delta reaffirmed its profit and revenue forecasts for 2023. The airline company expects Q4 revenue to improve 9% to 12% from a year ago, operating margin to rise 9% to 11%, and EPS to land in a range between $1.05 to $1.30.
Analysts are expecting EPS of $1.16 for the current quarter, on average, down 21% from the prior year. For fiscal year 2024, analysts are targeting 10.5% EPS growth to $6.75.
How Do Oil Prices Impact Delta?
Another key strategic advantage for Delta is its Refinery unit, acquired from Philips 66 (PSX) in 2012, which has served as an effective hedge against fuel prices. Ten years later, this move yielded a refinery benefit of 23 cents/gallon on each of the 3.5 billion gallons of jet fuel its aircraft used in 2022.
“Our Monroe refinery provides a unique benefit, acting as a partial hedge to elevated cracks,” CFO Dan Janki has explained. “This is especially true with New York Harbor Jet cracks, where our production at Monroe provides 100 percent offset.”
Fuel prices for Delta averaged $2.78 a gallon during Q3, including a refinery benefit of $0.11. By comparison, rival carrier American paid an average of $2.91 per gallon for fuel during the third quarter.
Is Delta Stock a Good Buy Right Now?
Despite the modest outperformance in Delta shares this year, the stock is still reasonably valued at current levels. DAL is priced at 6.91x forward earnings, 0.47x forward sales, and 3.69x cash flow - all of which represent a discount to the sector median valuations for industrial sector components.
Overall, the 15 analysts tracking Delta have a unanimous rating of “Strong Buy” for the stock, with not a single dissenter - not even so much as a “Moderate Buy.”
Plus, the mean target price is $55, which implies a healthy upside potential of 33% from current levels.
www.barchart.com
On the date of publication, Pathikrit Bose did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Given that, it may surprise investors to learn that the single highest-rated stock among S&P 500 Index ($SPX) components is none other than Delta Air Lines (DAL), which has earned a unanimous “Strong Buy” recommendation from all 15 analysts tracking the shares. “This is especially true with New York Harbor Jet cracks, where our production at Monroe provides 100 percent offset.” Fuel prices for Delta averaged $2.78 a gallon during Q3, including a refinery benefit of $0.11. Overall, the 15 analysts tracking Delta have a unanimous rating of “Strong Buy” for the stock, with not a single dissenter - not even so much as a “Moderate Buy.” Plus, the mean target price is $55, which implies a healthy upside potential of 33% from current levels.
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Given that, it may surprise investors to learn that the single highest-rated stock among S&P 500 Index ($SPX) components is none other than Delta Air Lines (DAL), which has earned a unanimous “Strong Buy” recommendation from all 15 analysts tracking the shares. Operationally, the company reported yearly improvement in revenue passenger miles (up 17% YoY), available seat miles (up 16% YoY), and passenger load factor (88% in Q3 2023 vs 87% in Q3 2022). Over the past 20 years, anticipating the regional market would become less profitable, the airline streamlined its regional jets portfolio by eliminating 50 passenger regional jets even while adding larger, more efficient mainline jets, including the highly efficient Airbus A220 and the Boeing (BA) 717.
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About Delta Airlines Based out of Atlanta and founded in 1929, Delta is one of the top U.S. airlines by market share, operating flights to over 300 destinations across 60 countries. Over the past 20 years, anticipating the regional market would become less profitable, the airline streamlined its regional jets portfolio by eliminating 50 passenger regional jets even while adding larger, more efficient mainline jets, including the highly efficient Airbus A220 and the Boeing (BA) 717. “This is especially true with New York Harbor Jet cracks, where our production at Monroe provides 100 percent offset.” Fuel prices for Delta averaged $2.78 a gallon during Q3, including a refinery benefit of $0.11.
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The airline company expects Q4 revenue to improve 9% to 12% from a year ago, operating margin to rise 9% to 11%, and EPS to land in a range between $1.05 to $1.30. Analysts are expecting EPS of $1.16 for the current quarter, on average, down 21% from the prior year. “This is especially true with New York Harbor Jet cracks, where our production at Monroe provides 100 percent offset.” Fuel prices for Delta averaged $2.78 a gallon during Q3, including a refinery benefit of $0.11.
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711183.0
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2023-12-16 00:00:00 UTC
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U.S. launches Red Sea force as ships reroute to avoid attacks
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https://www.nasdaq.com/articles/u.s.-launches-red-sea-force-as-ships-reroute-to-avoid-attacks
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By Phil Stewart
MANAMA, Dec 19 (Reuters) - Defense Secretary Lloyd Austin on Tuesday said the United States was leading a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni Houthi militants forced more major shipping companies to reroute.
The Houthis have stepped up the missile and drone attacks they began last month against international vessels sailing through the Red Sea, in response to Israel's assault on the Gaza Strip.
The attacks this week forced oil major BP and a slew of freight firms including Maersk to divert shipments normally made through the Suez Canal around the Cape of Good Hope, adding days to journey times and incurring higher costs.
Israel's 10-week-old war with Hamas, the Palestinian group that controls Gaza, has drawn in the United States and its allies on the side of Israel, and Iran and its Arab proxy forces on the side of Hamas, risking a wider regional conflict.
Austin, who is on a trip to Bahrain, home to the U.S. Navy's headquarters in the Middle East, said the United Kingdom, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles and Spain were among nations involved in the Red Sea security operation.
The group will conduct joint patrols in the southern Red Sea and the Gulf of Aden.
"This is an international challenge that demands collective action," Austin said in a statement, announcing the initiative as "Operation Prosperity Guardian".
In a virtual meeting with ministers from more than 40 nations, Austin called on other countries to contribute as he condemned "reckless Houthi actions."
Austin's announcement however leaves many questions unanswered, including how many other countries are willing to do what mostly U.S. warships have done in recent days -- shoot down Houthi missiles and drones, and rush to the aid of commercial ships under attack.
France later said it would join the effort to stop Houthi attacks.
Shipping companies continued to reroute on Tuesday despite Austin's announcement. Denmark's Maersk, which had paused Red Sea shipping, said it would sail its ships around Africa until further notice.
"We have faith that a solution enabling a return to using the Suez Canal and transiting through the Red Sea and Gulf of Aden will be introduced in the near future, but at this time it remains difficult to determine exactly when this will be," it said in a statement.
Many other ships were still plying the waterway. Several ships underway have armed guards on board, LSEG data showed.
Industry sources said the impact on global trade would depend on how long the crisis persists, but insurance premiums and longer routes would be immediate burdens.
ATTACKS PERSIST, SHIPS REROUTE
The Houthis, who control large areas of impoverished Yemen, have threatened to target all ships heading to Israel, regardless of their nationality, and warned international shipping companies against dealing with Israeli ports. They have also fired missiles at Israel more than 1,000 miles away.
The group said on Tuesday the U.S.-led security initiative would not deter them.
British maritime security firm Ambrey said on Tuesday it received information of a potential boarding attempt 17 miles west of Yemen's Aden port city, adding that the attack was unsuccessful and all crew were safe.
The United Kingdom Maritime Trade Operations said in an advisory it had received a report of an incident 80 nautical miles northeast of Djibouti, at the mouth of the Red Sea.
The U.S. Navy already had a Red Sea task force that had bolstered its presence in the critical waterway, and it is unclear how many countries will send additional ships or patrol aircraft following the creation of the new maritime operation.
The leadership of the new U.S.-led operation will also fall under existing command structures, officials say.
Many key Arab allies of the United States have so far declined to join.
The Houthis on Monday claimed a drone attack on two cargo vessels in the region. The Houthis have said that they were prepared to confront any coalition formed by the United States.
About 12% of world shipping traffic normally transits via the Suez Canal, the shortest shipping route between Europe and Asia, passing then as well into the Red Sea waters off Yemen.
Oil major BP's BP.L decision to temporarily pause all transit through the Red Sea, and oil tanker group Frontline FRO.OL saying its vessels would avoid passage through the waterway, showed the crisis was broadening to include energy shipments. Crude oil prices rose on those concerns on Monday.
Western countries back Israel's fight against Hamas after the group killed 1,200 Israelis in an Oct. 7 attack. Israel's military response, a heavy bombardment and invasion of Gaza, has killed more than 19,000 Palestinians.
During a visit to Israel on Monday, Austin squarely blamed Iran for the Houthi attacks.
"Iran's support for Houthi attacks on commercial vessels must stop," he said.
In addition to the Houthi attacks, Iran's ally Hezbollah in Lebanon has fired rockets across the frontier with Israel. Israel has launched air strikes in response in the worst violence at the frontier since a 2006 Israel-Hezbollah war.
At a news conference in Tel Aviv, Austin said: "As we are driving to stabilize the region, Iran is raising tensions by continuing to support terrorist groups and militias."
(Reporting by Phil Stewart, Mohammed Ghobari, Yuka Obayashi, Lisa Barrington, Reuters bureaux, Dubai newsroom Writing by John Davison, Alexander Cornwell, Elisa Martinuzzi; Editing by Hugh Lawson)
((phillip.stewart@thomsonreuters.com; 1-202-898-8398; Reuters Messaging: phillip.stewart.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.
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By Phil Stewart MANAMA, Dec 19 (Reuters) - Defense Secretary Lloyd Austin on Tuesday said the United States was leading a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni Houthi militants forced more major shipping companies to reroute. The attacks this week forced oil major BP and a slew of freight firms including Maersk to divert shipments normally made through the Suez Canal around the Cape of Good Hope, adding days to journey times and incurring higher costs. British maritime security firm Ambrey said on Tuesday it received information of a potential boarding attempt 17 miles west of Yemen's Aden port city, adding that the attack was unsuccessful and all crew were safe.
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By Phil Stewart MANAMA, Dec 19 (Reuters) - Defense Secretary Lloyd Austin on Tuesday said the United States was leading a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni Houthi militants forced more major shipping companies to reroute. Israel's 10-week-old war with Hamas, the Palestinian group that controls Gaza, has drawn in the United States and its allies on the side of Israel, and Iran and its Arab proxy forces on the side of Hamas, risking a wider regional conflict. The United Kingdom Maritime Trade Operations said in an advisory it had received a report of an incident 80 nautical miles northeast of Djibouti, at the mouth of the Red Sea.
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By Phil Stewart MANAMA, Dec 19 (Reuters) - Defense Secretary Lloyd Austin on Tuesday said the United States was leading a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni Houthi militants forced more major shipping companies to reroute. The Houthis have stepped up the missile and drone attacks they began last month against international vessels sailing through the Red Sea, in response to Israel's assault on the Gaza Strip. Israel's 10-week-old war with Hamas, the Palestinian group that controls Gaza, has drawn in the United States and its allies on the side of Israel, and Iran and its Arab proxy forces on the side of Hamas, risking a wider regional conflict.
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Shipping companies continued to reroute on Tuesday despite Austin's announcement. The United Kingdom Maritime Trade Operations said in an advisory it had received a report of an incident 80 nautical miles northeast of Djibouti, at the mouth of the Red Sea. "Iran's support for Houthi attacks on commercial vessels must stop," he said.
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711184.0
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2023-12-16 00:00:00 UTC
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Consumer Sector Update for 12/18/2023: BUD, CPNG, FTCH, ODP, DOOR, PGTI
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https://www.nasdaq.com/articles/consumer-sector-update-for-12-18-2023%3A-bud-cpng-ftch-odp-door-pgti
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Consumer stocks rose late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%.
In corporate news, the Teamsters said Saturday almost all of its members at Anheuser-Busch (BUD) voted to authorize a strike at the company's US breweries if labor negotiations fail. Anheuser-Busch shares climbed 0.5%.
Coupang (CPNG) said Monday it plans to buy the assets and business of Farfetch's (FTCH) online platform for luxury goods. Coupang shares fell 4.6%, and Farfetch was halted.
ODP (ODP) shares jumped 3.5% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves may increase the share price by 50% or more.
Masonite (DOOR) agreed to buy PGT Innovations (PGTI) in a $3 billion deal that will expand the door maker's product offerings and enhance cross-selling opportunities. Masonite shares slumped 16%, and PGT jumped 9.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In corporate news, the Teamsters said Saturday almost all of its members at Anheuser-Busch (BUD) voted to authorize a strike at the company's US breweries if labor negotiations fail. Coupang (CPNG) said Monday it plans to buy the assets and business of Farfetch's (FTCH) online platform for luxury goods. ODP (ODP) shares jumped 3.5% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves may increase the share price by 50% or more.
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Consumer stocks rose late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%. ODP (ODP) shares jumped 3.5% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves may increase the share price by 50% or more. Masonite (DOOR) agreed to buy PGT Innovations (PGTI) in a $3 billion deal that will expand the door maker's product offerings and enhance cross-selling opportunities.
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Consumer stocks rose late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%. ODP (ODP) shares jumped 3.5% after Arex Capital Management urged the office supply company to separate its retail unit and spin off its Varis procurement subsidiary, arguing the moves may increase the share price by 50% or more. Masonite (DOOR) agreed to buy PGT Innovations (PGTI) in a $3 billion deal that will expand the door maker's product offerings and enhance cross-selling opportunities.
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Consumer stocks rose late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%. In corporate news, the Teamsters said Saturday almost all of its members at Anheuser-Busch (BUD) voted to authorize a strike at the company's US breweries if labor negotiations fail. Masonite shares slumped 16%, and PGT jumped 9.7%.
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711185.0
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2023-12-16 00:00:00 UTC
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4 Steel Stocks to Buy as X Agrees to $14.9 Billion Deal
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https://www.nasdaq.com/articles/4-steel-stocks-to-buy-as-x-agrees-to-%2414.9-billion-deal
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
X marked the spot for investors on Monday. Shares of U.S. Steel (NYSE:X) surged more than 25% on the news that Japan’s Nippon Steel had agreed to buy the iconic Pittsburgh-based steel company for $14.9 billion.
But what does the deal mean for other steel companies?
Wall Street is betting on more upside for the industry. Shares of Steel Dynamics (NASDAQ:STLD) were up slightly while Nucor (NYSE:NUE) gained nearly 2%. Luxembourg-based ArcelorMittal (NYSE:MT) was up more than 6% as well.
And then there’s Cleveland-Cliffs (NYSE:CLF), which already owns AK Steel. Shares surged more than 10% Monday. Why? Investors seem pleased to see that CLF won’t be adding to its debt load to get in a bidding war for U.S. Steel. Cleveland-Cliffs announced an unsolicited takeover for U.S. Steel in August. U.S. Steel rejected it.
But Cleveland-Cliffs’ outspoken CEO Lourenco Goncalves, who once told an analyst on a conference call that they were “an embarrassment to [their] parents,” said in a statement Monday morning that CLF wasn’t going to increase its debt load to get in a bidding war for U.S. Steel. Instead, Goncalves said CLF will instead focus on “more aggressive share buybacks” to try and boost the stock price.
U.S. Steel Deal Sends Steel Stocks Higher
Still, the U.S. Steel purchase, if it passes antitrust regulatory reviews and holds up against union concerns, helps validate the steel industry. Steel companies have been rallying since Cleveland-Cliffs first proposed its purchase of U.S. Steel over the summer. Goncalves pounded the table for steel companies again on Monday, saying that even though U.S. Steel “chose to go a different direction with a foreign buyer,” the deal “validates our view that our sector remains undervalued by the broader market.”
Steel stocks have gotten a further boost in recent weeks following the end of the United Auto Workers strike. Worries about the UAW worker walkout had investors nervous about demand for steel, a key material used to make cars and trucks. But the price of hot-rolled coil steel has surged nearly 40% since the UAW reached deals with each of Detroit’s Big 3 automakers in late October to end the strike. That should boost earnings for the major steel companies as Ford (NYSE:F), General Motors (NYSE:GM) and Stellantis (NYSE:STLA) start to buy more steel to get production lines going again.
The consensus earnings estimate for U.S. Steel’s first quarter earnings per share has gone up from 29 cents three months ago to a current forecast of 67 cents. Profit forecasts are going up for Cleveland-Cliffs, Nucor, and Steel Dynamics, too. Despite this, steel stocks continue to trade at dirt-cheap valuations, with CLF, NUE and STLD all priced in a range of just 11 to 14 times 2024 earnings estimates. ArcelorMittal is even more of a bargain, sporting a P/E of only 7 times 2024 profit projections.
Brace for Gains in NUE, STLD, CLF and MT
Whether or not the Nippon-U.S. Steel deal heralds in a new round of consolidation in the industry remains to be seen. But the merger, combined with some better fundamentals, could light a fire under other steel stocks heading into the new year.
Cleveland-Cliffs is particularly poised to benefit from its share buyback plans. And Nucor, Steel Dynamics and ArcelorMittal all look like attractively valued stocks that are good buys at these levels thanks to rising earnings expectations as the global economy continues to hum along.
As of this writing, Paul R. La Monica 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.
Paul R. La Monica is a veteran financial journalist with nearly 30 years experience (including more than 20 at CNN) covering the stock market and other asset classes, the economy and other corporate and business news.
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The post 4 Steel Stocks to Buy as X Agrees to $14.9 Billion Deal 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.
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But Cleveland-Cliffs’ outspoken CEO Lourenco Goncalves, who once told an analyst on a conference call that they were “an embarrassment to [their] parents,” said in a statement Monday morning that CLF wasn’t going to increase its debt load to get in a bidding war for U.S. Steel. And Nucor, Steel Dynamics and ArcelorMittal all look like attractively valued stocks that are good buys at these levels thanks to rising earnings expectations as the global economy continues to hum along. Paul R. La Monica is a veteran financial journalist with nearly 30 years experience (including more than 20 at CNN) covering the stock market and other asset classes, the economy and other corporate and business news.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips X marked the spot for investors on Monday. Shares of Steel Dynamics (NASDAQ:STLD) were up slightly while Nucor (NYSE:NUE) gained nearly 2%. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 4 Steel Stocks to Buy as X Agrees to $14.9 Billion Deal appeared first on InvestorPlace.
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Shares of U.S. Steel (NYSE:X) surged more than 25% on the news that Japan’s Nippon Steel had agreed to buy the iconic Pittsburgh-based steel company for $14.9 billion. U.S. Steel Deal Sends Steel Stocks Higher Still, the U.S. Steel purchase, if it passes antitrust regulatory reviews and holds up against union concerns, helps validate the steel industry. Goncalves pounded the table for steel companies again on Monday, saying that even though U.S. Steel “chose to go a different direction with a foreign buyer,” the deal “validates our view that our sector remains undervalued by the broader market.” Steel stocks have gotten a further boost in recent weeks following the end of the United Auto Workers strike.
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But what does the deal mean for other steel companies? Profit forecasts are going up for Cleveland-Cliffs, Nucor, and Steel Dynamics, too. Despite this, steel stocks continue to trade at dirt-cheap valuations, with CLF, NUE and STLD all priced in a range of just 11 to 14 times 2024 earnings estimates.
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711186.0
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2023-12-16 00:00:00 UTC
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Why JD.com Stock Is Falling Today
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https://www.nasdaq.com/articles/why-jd.com-stock-is-falling-today-0
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JD.com (NASDAQ: JD) stock is losing ground in Monday's daily trading session. The Chinese e-commerce company's share price was down 2.7% as of 3:30 p.m. ET, according to data from S&P Global Market Intelligence. Meanwhile, the Hang Seng Index was down roughly 1%.
While there doesn't appear to be any business-specific news pushing JD's share price lower today, the company's valuation is being impacted by the macroeconomic outlook in China. New data for November suggests that the country's economic recovery has continued to proceed at an underwhelming pace, and some news in the automotive sector is also dampening investor enthusiasm.
Why is automotive news moving JD.com stock?
JD.com has little in the way of direct exposure to the auto market, but big news in the space can still have an impact on broader market sentiment that translates into significant moves for the e-commerce specialist's share price. Today, Alibaba revealed that it was looking to sell 25 million American depositary shares that it currently holds in XPeng -- an electric vehicle company. Investors may be looking at the proposed stock sale as a sign that China's auto market and broader economy will continue to struggle.
What comes next for JD.com stock?
Alibaba's announcement that it plans to sell a significant amount of XPeng stock comes on the heels of new Chinese economic data that was published after last week's market close. While the country's industrial economy showed signs of solid growth, consumer spending came in below expectations. Given that JD.com generates most of its business from the consumer e-commerce market, the new economic tracking suggests that the online retail specialist's performance could remain pressured in the near term.
JD PE Ratio (Forward) data by YCharts
JD.com stock has fallen roughly 52.5% year to date amid the unfavorable macroecomic and geopolitical backdrop for Chinese stocks. With shares trading at under 8.9 times this year's expected earnings and less than 28% of expected sales, the company looks cheaply valued along different multiples -- but investors should approach the stock with the understanding that macroeconomic factors will continue to play an outsized role in shaping near-term pricing moves.
Should you invest $1,000 in JD.com right now?
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*Stock Advisor returns as of December 18, 2023
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JD.com. The Motley Fool recommends Alibaba Group. 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.
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While there doesn't appear to be any business-specific news pushing JD's share price lower today, the company's valuation is being impacted by the macroeconomic outlook in China. New data for November suggests that the country's economic recovery has continued to proceed at an underwhelming pace, and some news in the automotive sector is also dampening investor enthusiasm. Alibaba's announcement that it plans to sell a significant amount of XPeng stock comes on the heels of new Chinese economic data that was published after last week's market close.
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The Chinese e-commerce company's share price was down 2.7% as of 3:30 p.m. Investors may be looking at the proposed stock sale as a sign that China's auto market and broader economy will continue to struggle. Before you buy stock in JD.com, 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 JD.com wasn't one of them.
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With shares trading at under 8.9 times this year's expected earnings and less than 28% of expected sales, the company looks cheaply valued along different multiples -- but investors should approach the stock with the understanding that macroeconomic factors will continue to play an outsized role in shaping near-term pricing moves. Before you buy stock in JD.com, 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 JD.com wasn't one of them. See the 10 stocks *Stock Advisor returns as of December 18, 2023 Keith Noonan has no position in any of the stocks mentioned.
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JD.com has little in the way of direct exposure to the auto market, but big news in the space can still have an impact on broader market sentiment that translates into significant moves for the e-commerce specialist's share price. What comes next for JD.com stock? Before you buy stock in JD.com, 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 JD.com wasn't one of them.
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2023-12-16 00:00:00 UTC
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7 Undervalued Dividend Stocks to Buy for a Bargain
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https://www.nasdaq.com/articles/7-undervalued-dividend-stocks-to-buy-for-a-bargain
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Dividend stocks are about to enjoy a renaissance. Just look what happened with Costco (NASDAQ:COST) last week – the warehouse giant announced a special $15 cash dividend and shares soared to new all-time highs.
Some of the enthusiasm points to renewed confidence in the consumer staple stock based on the financial strength to offer the dividend. But there’s an equally large contingent investing solely to capture the dividend payout before moving on.
That’s because dividend investing is tailor-made for today’s unique economic conditions. They combine the best of both worlds – rising equities and income opportunities – to attempt a Fed-proof portfolio as Powell and his team keep markets guessing.
Of course, at $658 per share, Costco is on the pricier end of dividend stocks. But these seven companies are equally appealing, offering investors a chance to capture undervalued dividend stocks for their portfolio.
Walmart (WMT)
Source: Jonathan Weiss / Shutterstock.com
Walmart (NYSE:WMT), the world’s leading supermarket and general merchandise retailer, should top your list of undervalued dividend stocks, considering its popularity and recession-proof stability.
With its expansive network of over 11,500 stores in 27 countries, Walmart is strategically located within 10 miles of 90% of the U.S. population. This accessibility, of course, makes Walmart a go-to consumer pick when combined with the company’s budget-friendly pricing.
But Walmart’s dividend appeal lies in its impressive dividend track record. The company began issuing dividends in March 1974 at 5 cents per share and currently offers a 1.49% forward yield. This reflects an average annual growth rate of 8% over the last fifty years, a significant achievement in varying economic conditions.
Walmart’s success stems from its vast scale, allowing it to negotiate favorable prices from suppliers and pass on savings to consumers. While many retailers struggled against Amazon’s (NASDAQ:AMZN) dominance, Walmart effectively adapted, becoming a strong competitor in eCommerce. This also bodes well for post-holiday shopping season earnings reports.
Undervalued Dividend Stocks: Caterpillar (CAT)
Caterpillar (NYSE:CAT) is a leading manufacturer in the fields of construction, mining, and engineering equipment. But its investor appeal lies in its dividend yield and stability, at just under 2%, with an impressive history of increasing dividends for 31 consecutive years. This track record makes it a cornerstone for both long-term and income-focused investors.
Source: ARMMY PICCA/ShutterStock.com
The company’s performance this year is solid, with shares jumping nearly 20% and solid earnings to boot. Caterpillar’s revenues surged by 12%, reaching $16.8 billion, and its earnings per share were reported at $5.45, or $5.52 on an adjusted basis.
Caterpillar’s strength lies beyond its financials. As the world’s largest manufacturer of construction and mining equipment, it serves as a key barometer of the global economy’s health. Its future looks even brighter with its strong emphasis on artificial intelligence and automation. Currently, 13% of construction professionals use automation tools, and this number is expected to rise to 60% – creating a market hungry for Caterpillar products.
In line with these trends, Caterpillar is leading the industry with its range of automated construction equipment, including innovative technologies like self-digging solar ditch machines. This ability to adapt to and capitalize on emerging trends underscores Caterpillar’s potential for continued growth and market share expansion, further cementing its position as a top undervalued dividend stock.
Emerson Electric (EMR)
Source: Tada Images / Shutterstock.com
Emerson Electric (NYSE:EMR) is another undervalued dividend stock with a long track record of payouts. Its 2.3% yield won’t top the charts, but the company has consistently increased dividends for more than 60 years. This makes EMR a dividend stalwart to anchor a well-rounded portfolio.
Emerson’s recent earnings report points to some tight times ahead as, on an annual basis, revenue fell 10%, and earnings dropped 18%. But EMR shares dipped only slightly on the news, indicating markets priced the underperformance in. But this also makes for a moderate undervaluation if you’re bullish on the company’s long-term prospects.
Emerson faces a few additional short-term challenges, particularly as supply chains continue pressuring sales. But Emerson’s longevity is undisputed, and their commitment to shareholders places it near the top of the list of undervalued dividend stocks.
Undervalued Dividend Stocks: Verizon (VZ)
Source: Ken Wolter / Shutterstock.com
Recent telecom turbulence impacted the entire sector, including Verizon (NYSE:VZ), a much-loved dividend aristocrat. Despite this sector-wide decline, the widespread stock price dips offer a great chance to capture undervalued dividend stocks – with VZ topping the list.
You probably remember this summer’s lead shielding debacle that tumbled telecom stocks. But, thus far, initial fears of widespread litigation or remediation costs seem unwarranted. But VZ shares haven’t yet rebounded, and the undervalued dividend stock has lost nearly 7% of its total since January.
However, the company’s recent financials point to strength and reinforce the undervaluation thesis. A key highlight was its 0.2% adjusted EBITDA increase. While it seems modest, it’s big news in a cost-sensitive, highly competitive telecom sector. The moderate improvement points to VZ’s ability to navigate tricky economic times while keeping shareholder value at the fore.
Verizon’s current yield tops 7%. While some analysts may view the stock as a potential value trap, its recent price drop and promising growth prospects position Verizon as a highly attractive option for those seeking reliable dividend stocks. The company’s resilience and potential for growth make it a standout choice in the volatile telecom sector.
Realty Income (O)
Source: Shutterstock
Talking about dividend stocks is tough without mentioning “The Monthly Dividend Company.” That’s especially true when balancing dividends with undervaluation, considering shares of Realty Income (NYSE:O) are down 10% this year.
But the company’s latest earnings report paints a largely positive picture hidden by per-share pricing. Despite a slight decline in occupancy, an impressive 98.8% of its properties are still generating cash flow for shareholders. Plus, Realty Income is improving margins from those properties, as funds from operations hit $1.04 per share compared to $0.97 in 2022. Likewise, the company’s current acquisition strategy points to continued growth potential.
With a current dividend yield of about 6%, Realty Income offers an attractive option for investors seeking regular monthly income, outperforming even the highest-yielding savings and money market accounts available today. Beyond that, though, shares seem materially undervalued for this dividend stock, creating a once-in-a-lifetime opportunity to cheaply allocate substantial capital to Realty Income.
Undervalued Dividend Stocks: General Motors (GM)
Source: Katherine Welles / Shutterstock.com
General Motors (NYSE:GM) seems to have threaded the needle between labor disputes and continued profitability. Though its planned deal will likely surpass $9 billion, GM just announced a $10 billion concurrent buyback and 33% dividend increase. That sets GM’s total yield at $5.34 – not bad considering shares dropped nearly 5% over the past six months, setting GM up as a decidedly undervalued dividend stock.
GM’s long-term prospects are bullish, too, considering its EV strength. The company has seen a 33% year-over-year increase in EV sales. With six EV models currently on the market and more in the pipeline, GM is solidifying its position as a major player in the EV space, although it still trails behind Tesla (NASDAQ:TSLA) by a considerable margin.
GM’s not out of the woods yet when it comes to continued volatility, especially considering consumer confidence hasn’t ticked back up fully. But this undervalued dividend stock is likely the best play within car manufacturers and by far the best among EV stock options.
Medtronic (MDT)
Source: JHVEPhoto / Shutterstock.com
The medical stock sector, which saw dramatic fluctuations during the pandemic, has left many investors wary. Companies saw significant stock surges followed by steep declines, casting a shadow over the entire industry. Medtronic (NYSE:MDT), a major player in the field, wasn’t immune to these trends, with its market capitalization reducing by more than a third from its peak during the pandemic. But recent signs point to a strong recovery, and its 3.54% dividend yield keeps investors happy while they wait for the rebound.
An aspect of Medtronic that stands out, especially in the current context, is its strong dividend program. The company has a history of consistently increasing its annual dividend for nearly 50 years, demonstrating a stable commitment to shareholder returns.
Medtronic’s role in the medical device industry extends beyond financials. Known for its innovation and development in medical technology, the company is now focusing on more collaborative and risk-based contracting with hospital networks. These agreements are designed to enhance patient outcomes and reduce costs, making Medtronic a valuable partner in an era where healthcare delivery costs are escalating. At the same time, ongoing partnerships with Nvidia (NASDAQ:NVDA) keep Medtronic at the forefront of emerging health tech trends, making it a dividend stock for the long haul.
On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy’s work can also be found at www.jeremyflint.work.
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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.
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In line with these trends, Caterpillar is leading the industry with its range of automated construction equipment, including innovative technologies like self-digging solar ditch machines. This ability to adapt to and capitalize on emerging trends underscores Caterpillar’s potential for continued growth and market share expansion, further cementing its position as a top undervalued dividend stock. At the same time, ongoing partnerships with Nvidia (NASDAQ:NVDA) keep Medtronic at the forefront of emerging health tech trends, making it a dividend stock for the long haul.
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Emerson Electric (EMR) Source: Tada Images / Shutterstock.com Emerson Electric (NYSE:EMR) is another undervalued dividend stock with a long track record of payouts. Undervalued Dividend Stocks: Verizon (VZ) Source: Ken Wolter / Shutterstock.com Recent telecom turbulence impacted the entire sector, including Verizon (NYSE:VZ), a much-loved dividend aristocrat. With a current dividend yield of about 6%, Realty Income offers an attractive option for investors seeking regular monthly income, outperforming even the highest-yielding savings and money market accounts available today.
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This ability to adapt to and capitalize on emerging trends underscores Caterpillar’s potential for continued growth and market share expansion, further cementing its position as a top undervalued dividend stock. Undervalued Dividend Stocks: Verizon (VZ) Source: Ken Wolter / Shutterstock.com Recent telecom turbulence impacted the entire sector, including Verizon (NYSE:VZ), a much-loved dividend aristocrat. Realty Income (O) Source: Shutterstock Talking about dividend stocks is tough without mentioning “The Monthly Dividend Company.” That’s especially true when balancing dividends with undervaluation, considering shares of Realty Income (NYSE:O) are down 10% this year.
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Caterpillar’s revenues surged by 12%, reaching $16.8 billion, and its earnings per share were reported at $5.45, or $5.52 on an adjusted basis. Despite this sector-wide decline, the widespread stock price dips offer a great chance to capture undervalued dividend stocks – with VZ topping the list. Verizon’s current yield tops 7%.
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711188.0
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2023-12-16 00:00:00 UTC
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Financial Sector Update for 12/18/2023: SLAM, BLK, STT, COOP, C
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Financial stocks were mixed in late Monday afternoon trading with the NYSE Financial Index little changed and the Financial Select Sector SPDR Fund (XLF) up 0.4%.
The Philadelphia Housing Index fell 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 0.3%.
Bitcoin (BTC-USD) rose 0.6% to $41,661, and the yield for 10-year US Treasuries climbed 2.6 basis points to 3.954%.
In corporate news, blank-check firm Slam (SLAM) and Lynk Global said Monday they signed a non-binding letter of intent for a merger, setting up the satellite communications provider for a public listing. Slam shares were steady.
The US House Judiciary Committee has subpoenaed BlackRock (BLK) and State Street's (STT) State Street Global Advisors unit for documents related to its inquiry into whether the companies' climate and sustainability efforts violate US antitrust law. BlackRock shares were down 0.7%, and State Street was shedding 0.5%.
A data breach at Mr. Cooper (COOP) in late October affected nearly 14.7 million people, the mortgage loan company said in a filing with the Maine attorney general's office. Mr. Cooper shares were rising 0.5%.
Citigroup's (C) plan to establish a securities business in China has been pushed back to around the end of 2024 at the earliest as the company requires more time for compliance with the country's data regulations, Bloomberg reported. Citigroup was slightly higher in Monday's session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The US House Judiciary Committee has subpoenaed BlackRock (BLK) and State Street's (STT) State Street Global Advisors unit for documents related to its inquiry into whether the companies' climate and sustainability efforts violate US antitrust law. A data breach at Mr. Cooper (COOP) in late October affected nearly 14.7 million people, the mortgage loan company said in a filing with the Maine attorney general's office. Citigroup's (C) plan to establish a securities business in China has been pushed back to around the end of 2024 at the earliest as the company requires more time for compliance with the country's data regulations, Bloomberg reported.
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Financial stocks were mixed in late Monday afternoon trading with the NYSE Financial Index little changed and the Financial Select Sector SPDR Fund (XLF) up 0.4%. The Philadelphia Housing Index fell 0.8%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 0.3%. The US House Judiciary Committee has subpoenaed BlackRock (BLK) and State Street's (STT) State Street Global Advisors unit for documents related to its inquiry into whether the companies' climate and sustainability efforts violate US antitrust law.
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Financial stocks were mixed in late Monday afternoon trading with the NYSE Financial Index little changed and the Financial Select Sector SPDR Fund (XLF) up 0.4%. In corporate news, blank-check firm Slam (SLAM) and Lynk Global said Monday they signed a non-binding letter of intent for a merger, setting up the satellite communications provider for a public listing. The US House Judiciary Committee has subpoenaed BlackRock (BLK) and State Street's (STT) State Street Global Advisors unit for documents related to its inquiry into whether the companies' climate and sustainability efforts violate US antitrust law.
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Slam shares were steady. BlackRock shares were down 0.7%, and State Street was shedding 0.5%. Mr. Cooper shares were rising 0.5%.
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711189.0
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2023-12-16 00:00:00 UTC
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Energy Sector Update for 12/18/2023: DUK, XOM, KEN, EXC
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Energy stocks rose late Monday afternoon with the NYSE Energy Sector Index gaining 1.3% and the Energy Select Sector SPDR Fund (XLE) adding 0.9%.
The Philadelphia Oil Service Sector index increased 0.9%, and the Dow Jones US Utilities index eased 0.1%.
West Texas Intermediate crude oil rose 1.6% to $72.56 per barrel, while global benchmark Brent was advancing 2% to $78.08 per barrel. Henry Hub natural-gas futures climbed 0.8% to $2.51 per 1 million BTU.
In corporate news, Duke Energy (DUK) shares rose 0.8% after the company said the North Carolina Utilities Commission approved an increase in its base rates.
BlackRock (BLK) backed out of discussions to buy Exxon Mobil's (XOM) majority stake in Italy's main liquefied natural gas import terminal, Reuters reported Monday. Exxon shares rose 1.1%, and BlackRock fell 2.4%.
Kenon (KEN) unit OPC Energy said Sunday it met the conditions required for the commercial operation of the Maple Hill Project, a solar power plant in Pennsylvania, including a $78 million investment into the project. Kenon shares jumped 7%.
Exelon's (EXC) 2025 EPS estimate was reduced by Morgan Stanley by $0.14 to $2.58 following the Illinois Commerce Commission's rate case decision last week. Exelon shares fell 3.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In corporate news, Duke Energy (DUK) shares rose 0.8% after the company said the North Carolina Utilities Commission approved an increase in its base rates. BlackRock (BLK) backed out of discussions to buy Exxon Mobil's (XOM) majority stake in Italy's main liquefied natural gas import terminal, Reuters reported Monday. Exelon's (EXC) 2025 EPS estimate was reduced by Morgan Stanley by $0.14 to $2.58 following the Illinois Commerce Commission's rate case decision last week.
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The Philadelphia Oil Service Sector index increased 0.9%, and the Dow Jones US Utilities index eased 0.1%. Exxon shares rose 1.1%, and BlackRock fell 2.4%. Exelon shares fell 3.2%.
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Energy stocks rose late Monday afternoon with the NYSE Energy Sector Index gaining 1.3% and the Energy Select Sector SPDR Fund (XLE) adding 0.9%. In corporate news, Duke Energy (DUK) shares rose 0.8% after the company said the North Carolina Utilities Commission approved an increase in its base rates. Kenon (KEN) unit OPC Energy said Sunday it met the conditions required for the commercial operation of the Maple Hill Project, a solar power plant in Pennsylvania, including a $78 million investment into the project.
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The Philadelphia Oil Service Sector index increased 0.9%, and the Dow Jones US Utilities index eased 0.1%. Exxon shares rose 1.1%, and BlackRock fell 2.4%. Exelon shares fell 3.2%.
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711190.0
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2023-12-16 00:00:00 UTC
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Notable Monday Option Activity: ISRG, PSX, PATH
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Intuitive Surgical Inc (Symbol: ISRG), where a total volume of 7,299 contracts has been traded thus far today, a contract volume which is representative of approximately 729,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.9% of ISRG's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $340 strike call option expiring January 05, 2024, with 669 contracts trading so far today, representing approximately 66,900 underlying shares of ISRG. Below is a chart showing ISRG's trailing twelve month trading history, with the $340 strike highlighted in orange:
Phillips 66 (Symbol: PSX) saw options trading volume of 17,313 contracts, representing approximately 1.7 million underlying shares or approximately 43.7% of PSX's average daily trading volume over the past month, of 4.0 million shares. Particularly high volume was seen for the $135 strike call option expiring February 16, 2024, with 5,696 contracts trading so far today, representing approximately 569,600 underlying shares of PSX. Below is a chart showing PSX's trailing twelve month trading history, with the $135 strike highlighted in orange:
And UiPath Inc (Symbol: PATH) saw options trading volume of 61,453 contracts, representing approximately 6.1 million underlying shares or approximately 43.7% of PATH's average daily trading volume over the past month, of 14.1 million shares. Particularly high volume was seen for the $27 strike call option expiring December 29, 2023, with 32,592 contracts trading so far today, representing approximately 3.3 million underlying shares of PATH. Below is a chart showing PATH's trailing twelve month trading history, with the $27 strike highlighted in orange:
For the various different available expirations for ISRG options, PSX options, or PATH options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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.
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Especially high volume was seen for the $340 strike call option expiring January 05, 2024, with 669 contracts trading so far today, representing approximately 66,900 underlying shares of ISRG. Particularly high volume was seen for the $135 strike call option expiring February 16, 2024, with 5,696 contracts trading so far today, representing approximately 569,600 underlying shares of PSX. Particularly high volume was seen for the $27 strike call option expiring December 29, 2023, with 32,592 contracts trading so far today, representing approximately 3.3 million underlying shares of PATH.
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Below is a chart showing ISRG's trailing twelve month trading history, with the $340 strike highlighted in orange: Phillips 66 (Symbol: PSX) saw options trading volume of 17,313 contracts, representing approximately 1.7 million underlying shares or approximately 43.7% of PSX's average daily trading volume over the past month, of 4.0 million shares. Below is a chart showing PSX's trailing twelve month trading history, with the $135 strike highlighted in orange: And UiPath Inc (Symbol: PATH) saw options trading volume of 61,453 contracts, representing approximately 6.1 million underlying shares or approximately 43.7% of PATH's average daily trading volume over the past month, of 14.1 million shares. Particularly high volume was seen for the $27 strike call option expiring December 29, 2023, with 32,592 contracts trading so far today, representing approximately 3.3 million underlying shares of PATH.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Intuitive Surgical Inc (Symbol: ISRG), where a total volume of 7,299 contracts has been traded thus far today, a contract volume which is representative of approximately 729,900 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing ISRG's trailing twelve month trading history, with the $340 strike highlighted in orange: Phillips 66 (Symbol: PSX) saw options trading volume of 17,313 contracts, representing approximately 1.7 million underlying shares or approximately 43.7% of PSX's average daily trading volume over the past month, of 4.0 million shares. Below is a chart showing PSX's trailing twelve month trading history, with the $135 strike highlighted in orange: And UiPath Inc (Symbol: PATH) saw options trading volume of 61,453 contracts, representing approximately 6.1 million underlying shares or approximately 43.7% of PATH's average daily trading volume over the past month, of 14.1 million shares.
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Especially high volume was seen for the $340 strike call option expiring January 05, 2024, with 669 contracts trading so far today, representing approximately 66,900 underlying shares of ISRG. Below is a chart showing ISRG's trailing twelve month trading history, with the $340 strike highlighted in orange: Phillips 66 (Symbol: PSX) saw options trading volume of 17,313 contracts, representing approximately 1.7 million underlying shares or approximately 43.7% of PSX's average daily trading volume over the past month, of 4.0 million shares. Particularly high volume was seen for the $27 strike call option expiring December 29, 2023, with 32,592 contracts trading so far today, representing approximately 3.3 million underlying shares of PATH.
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3e81b5a4-b55b-46ca-ac7c-0fc0a82ebca2
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711191.0
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2023-12-16 00:00:00 UTC
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Notable Monday Option Activity: OKTA, RIVN, RBLX
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-okta-rivn-rblx
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Okta Inc (Symbol: OKTA), where a total of 18,347 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 52.4% of OKTA's average daily trading volume over the past month of 3.5 million shares. Especially high volume was seen for the $90 strike call option expiring December 29, 2023, with 5,910 contracts trading so far today, representing approximately 591,000 underlying shares of OKTA. Below is a chart showing OKTA's trailing twelve month trading history, with the $90 strike highlighted in orange:
Rivian Automotive Inc (Symbol: RIVN) saw options trading volume of 185,811 contracts, representing approximately 18.6 million underlying shares or approximately 50.7% of RIVN's average daily trading volume over the past month, of 36.7 million shares. Particularly high volume was seen for the $25 strike call option expiring December 22, 2023, with 8,486 contracts trading so far today, representing approximately 848,600 underlying shares of RIVN. Below is a chart showing RIVN's trailing twelve month trading history, with the $25 strike highlighted in orange:
And Roblox Corp (Symbol: RBLX) saw options trading volume of 45,304 contracts, representing approximately 4.5 million underlying shares or approximately 50.6% of RBLX's average daily trading volume over the past month, of 9.0 million shares. Especially high volume was seen for the $45 strike call option expiring January 19, 2024, with 7,936 contracts trading so far today, representing approximately 793,600 underlying shares of RBLX. Below is a chart showing RBLX's trailing twelve month trading history, with the $45 strike highlighted in orange:
For the various different available expirations for OKTA options, RIVN options, or RBLX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
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IGOV Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $90 strike call option expiring December 29, 2023, with 5,910 contracts trading so far today, representing approximately 591,000 underlying shares of OKTA. Particularly high volume was seen for the $25 strike call option expiring December 22, 2023, with 8,486 contracts trading so far today, representing approximately 848,600 underlying shares of RIVN. Especially high volume was seen for the $45 strike call option expiring January 19, 2024, with 7,936 contracts trading so far today, representing approximately 793,600 underlying shares of RBLX.
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Especially high volume was seen for the $90 strike call option expiring December 29, 2023, with 5,910 contracts trading so far today, representing approximately 591,000 underlying shares of OKTA. Below is a chart showing OKTA's trailing twelve month trading history, with the $90 strike highlighted in orange: Rivian Automotive Inc (Symbol: RIVN) saw options trading volume of 185,811 contracts, representing approximately 18.6 million underlying shares or approximately 50.7% of RIVN's average daily trading volume over the past month, of 36.7 million shares. Below is a chart showing RIVN's trailing twelve month trading history, with the $25 strike highlighted in orange: And Roblox Corp (Symbol: RBLX) saw options trading volume of 45,304 contracts, representing approximately 4.5 million underlying shares or approximately 50.6% of RBLX's average daily trading volume over the past month, of 9.0 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Okta Inc (Symbol: OKTA), where a total of 18,347 contracts have traded so far, representing approximately 1.8 million underlying shares. Below is a chart showing OKTA's trailing twelve month trading history, with the $90 strike highlighted in orange: Rivian Automotive Inc (Symbol: RIVN) saw options trading volume of 185,811 contracts, representing approximately 18.6 million underlying shares or approximately 50.7% of RIVN's average daily trading volume over the past month, of 36.7 million shares. Below is a chart showing RIVN's trailing twelve month trading history, with the $25 strike highlighted in orange: And Roblox Corp (Symbol: RBLX) saw options trading volume of 45,304 contracts, representing approximately 4.5 million underlying shares or approximately 50.6% of RBLX's average daily trading volume over the past month, of 9.0 million shares.
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Below is a chart showing OKTA's trailing twelve month trading history, with the $90 strike highlighted in orange: Rivian Automotive Inc (Symbol: RIVN) saw options trading volume of 185,811 contracts, representing approximately 18.6 million underlying shares or approximately 50.7% of RIVN's average daily trading volume over the past month, of 36.7 million shares. Particularly high volume was seen for the $25 strike call option expiring December 22, 2023, with 8,486 contracts trading so far today, representing approximately 848,600 underlying shares of RIVN. Below is a chart showing RIVN's trailing twelve month trading history, with the $25 strike highlighted in orange: And Roblox Corp (Symbol: RBLX) saw options trading volume of 45,304 contracts, representing approximately 4.5 million underlying shares or approximately 50.6% of RBLX's average daily trading volume over the past month, of 9.0 million shares.
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711192.0
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2023-12-16 00:00:00 UTC
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Notable Monday Option Activity: NUE, SPT, AMD
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-nue-spt-amd
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nucor Corp. (Symbol: NUE), where a total volume of 9,138 contracts has been traded thus far today, a contract volume which is representative of approximately 913,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.2% of NUE's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $165 strike put option expiring January 05, 2024, with 873 contracts trading so far today, representing approximately 87,300 underlying shares of NUE. Below is a chart showing NUE's trailing twelve month trading history, with the $165 strike highlighted in orange:
Sprout Social Inc (Symbol: SPT) saw options trading volume of 3,261 contracts, representing approximately 326,100 underlying shares or approximately 55.7% of SPT's average daily trading volume over the past month, of 585,365 shares. Especially high volume was seen for the $55 strike put option expiring July 19, 2024, with 1,573 contracts trading so far today, representing approximately 157,300 underlying shares of SPT. Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange:
And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares. Especially high volume was seen for the $140 strike call option expiring December 22, 2023, with 29,900 contracts trading so far today, representing approximately 3.0 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $140 strike highlighted in orange:
For the various different available expirations for NUE options, SPT options, or AMD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
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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.
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Especially high volume was seen for the $165 strike put option expiring January 05, 2024, with 873 contracts trading so far today, representing approximately 87,300 underlying shares of NUE. Especially high volume was seen for the $55 strike put option expiring July 19, 2024, with 1,573 contracts trading so far today, representing approximately 157,300 underlying shares of SPT. Especially high volume was seen for the $140 strike call option expiring December 22, 2023, with 29,900 contracts trading so far today, representing approximately 3.0 million underlying shares of AMD.
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Below is a chart showing NUE's trailing twelve month trading history, with the $165 strike highlighted in orange: Sprout Social Inc (Symbol: SPT) saw options trading volume of 3,261 contracts, representing approximately 326,100 underlying shares or approximately 55.7% of SPT's average daily trading volume over the past month, of 585,365 shares. Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares. Especially high volume was seen for the $140 strike call option expiring December 22, 2023, with 29,900 contracts trading so far today, representing approximately 3.0 million underlying shares of AMD.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nucor Corp. (Symbol: NUE), where a total volume of 9,138 contracts has been traded thus far today, a contract volume which is representative of approximately 913,800 underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing NUE's trailing twelve month trading history, with the $165 strike highlighted in orange: Sprout Social Inc (Symbol: SPT) saw options trading volume of 3,261 contracts, representing approximately 326,100 underlying shares or approximately 55.7% of SPT's average daily trading volume over the past month, of 585,365 shares. Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares.
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Especially high volume was seen for the $165 strike put option expiring January 05, 2024, with 873 contracts trading so far today, representing approximately 87,300 underlying shares of NUE. Below is a chart showing NUE's trailing twelve month trading history, with the $165 strike highlighted in orange: Sprout Social Inc (Symbol: SPT) saw options trading volume of 3,261 contracts, representing approximately 326,100 underlying shares or approximately 55.7% of SPT's average daily trading volume over the past month, of 585,365 shares. Below is a chart showing SPT's trailing twelve month trading history, with the $55 strike highlighted in orange: And Advanced Micro Devices Inc (Symbol: AMD) saw options trading volume of 320,032 contracts, representing approximately 32.0 million underlying shares or approximately 55.3% of AMD's average daily trading volume over the past month, of 57.9 million shares.
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8763ef1a-2b8a-40d7-9c0f-eecc145f10ee
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711193.0
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2023-12-16 00:00:00 UTC
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Notable Monday Option Activity: PBF, PG, RIOT
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DCOMP
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-pbf-pg-riot
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in PBF Energy Inc (Symbol: PBF), where a total of 10,655 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 49.7% of PBF's average daily trading volume over the past month of 2.1 million shares. Particularly high volume was seen for the $55 strike call option expiring April 19, 2024, with 7,345 contracts trading so far today, representing approximately 734,500 underlying shares of PBF. Below is a chart showing PBF's trailing twelve month trading history, with the $55 strike highlighted in orange:
Procter & Gamble Company (Symbol: PG) options are showing a volume of 36,819 contracts thus far today. That number of contracts represents approximately 3.7 million underlying shares, working out to a sizeable 49.3% of PG's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $140 strike put option expiring February 16, 2024, with 10,082 contracts trading so far today, representing approximately 1.0 million underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange:
And Riot Platforms Inc (Symbol: RIOT) saw options trading volume of 133,617 contracts, representing approximately 13.4 million underlying shares or approximately 49.1% of RIOT's average daily trading volume over the past month, of 27.2 million shares. Particularly high volume was seen for the $16.50 strike call option expiring December 22, 2023, with 8,285 contracts trading so far today, representing approximately 828,500 underlying shares of RIOT. Below is a chart showing RIOT's trailing twelve month trading history, with the $16.50 strike highlighted in orange:
For the various different available expirations for PBF options, PG options, or RIOT options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Water Utilities Dividend Stocks
PNW Videos
FUV market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $55 strike call option expiring April 19, 2024, with 7,345 contracts trading so far today, representing approximately 734,500 underlying shares of PBF. Especially high volume was seen for the $140 strike put option expiring February 16, 2024, with 10,082 contracts trading so far today, representing approximately 1.0 million underlying shares of PG. Particularly high volume was seen for the $16.50 strike call option expiring December 22, 2023, with 8,285 contracts trading so far today, representing approximately 828,500 underlying shares of RIOT.
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Below is a chart showing PBF's trailing twelve month trading history, with the $55 strike highlighted in orange: Procter & Gamble Company (Symbol: PG) options are showing a volume of 36,819 contracts thus far today. Especially high volume was seen for the $140 strike put option expiring February 16, 2024, with 10,082 contracts trading so far today, representing approximately 1.0 million underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange: And Riot Platforms Inc (Symbol: RIOT) saw options trading volume of 133,617 contracts, representing approximately 13.4 million underlying shares or approximately 49.1% of RIOT's average daily trading volume over the past month, of 27.2 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in PBF Energy Inc (Symbol: PBF), where a total of 10,655 contracts have traded so far, representing approximately 1.1 million underlying shares. Especially high volume was seen for the $140 strike put option expiring February 16, 2024, with 10,082 contracts trading so far today, representing approximately 1.0 million underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange: And Riot Platforms Inc (Symbol: RIOT) saw options trading volume of 133,617 contracts, representing approximately 13.4 million underlying shares or approximately 49.1% of RIOT's average daily trading volume over the past month, of 27.2 million shares.
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Especially high volume was seen for the $140 strike put option expiring February 16, 2024, with 10,082 contracts trading so far today, representing approximately 1.0 million underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange: And Riot Platforms Inc (Symbol: RIOT) saw options trading volume of 133,617 contracts, representing approximately 13.4 million underlying shares or approximately 49.1% of RIOT's average daily trading volume over the past month, of 27.2 million shares. Below is a chart showing RIOT's trailing twelve month trading history, with the $16.50 strike highlighted in orange: For the various different available expirations for PBF options, PG options, or RIOT options, visit StockOptionsChannel.com.
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68b3e348-563a-4277-9f83-be089b7b8d45
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711194.0
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2023-12-16 00:00:00 UTC
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Notable Monday Option Activity: MA, VST, PRGS
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DCOMP
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-ma-vst-prgs
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Mastercard Inc (Symbol: MA), where a total volume of 13,112 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.4% of MA's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $440 strike call option expiring December 29, 2023, with 1,586 contracts trading so far today, representing approximately 158,600 underlying shares of MA. Below is a chart showing MA's trailing twelve month trading history, with the $440 strike highlighted in orange:
Vistra Corp (Symbol: VST) options are showing a volume of 20,904 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 47.2% of VST's average daily trading volume over the past month, of 4.4 million shares. Particularly high volume was seen for the $17 strike call option expiring January 19, 2024, with 9,600 contracts trading so far today, representing approximately 960,000 underlying shares of VST. Below is a chart showing VST's trailing twelve month trading history, with the $17 strike highlighted in orange:
And Progress Software Corp (Symbol: PRGS) options are showing a volume of 1,237 contracts thus far today. That number of contracts represents approximately 123,700 underlying shares, working out to a sizeable 47.1% of PRGS's average daily trading volume over the past month, of 262,520 shares. Particularly high volume was seen for the $57.50 strike call option expiring March 15, 2024, with 560 contracts trading so far today, representing approximately 56,000 underlying shares of PRGS. Below is a chart showing PRGS's trailing twelve month trading history, with the $57.50 strike highlighted in orange:
For the various different available expirations for MA options, VST options, or PRGS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Funds Holding TNC
Cintas YTD Return
KOD YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $440 strike call option expiring December 29, 2023, with 1,586 contracts trading so far today, representing approximately 158,600 underlying shares of MA. Particularly high volume was seen for the $17 strike call option expiring January 19, 2024, with 9,600 contracts trading so far today, representing approximately 960,000 underlying shares of VST. Particularly high volume was seen for the $57.50 strike call option expiring March 15, 2024, with 560 contracts trading so far today, representing approximately 56,000 underlying shares of PRGS.
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Below is a chart showing MA's trailing twelve month trading history, with the $440 strike highlighted in orange: Vistra Corp (Symbol: VST) options are showing a volume of 20,904 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 47.2% of VST's average daily trading volume over the past month, of 4.4 million shares. Below is a chart showing VST's trailing twelve month trading history, with the $17 strike highlighted in orange: And Progress Software Corp (Symbol: PRGS) options are showing a volume of 1,237 contracts thus far today.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Mastercard Inc (Symbol: MA), where a total volume of 13,112 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $440 strike call option expiring December 29, 2023, with 1,586 contracts trading so far today, representing approximately 158,600 underlying shares of MA. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 47.2% of VST's average daily trading volume over the past month, of 4.4 million shares.
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Particularly high volume was seen for the $17 strike call option expiring January 19, 2024, with 9,600 contracts trading so far today, representing approximately 960,000 underlying shares of VST. That number of contracts represents approximately 123,700 underlying shares, working out to a sizeable 47.1% of PRGS's average daily trading volume over the past month, of 262,520 shares. Below is a chart showing PRGS's trailing twelve month trading history, with the $57.50 strike highlighted in orange: For the various different available expirations for MA options, VST options, or PRGS options, visit StockOptionsChannel.com.
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7797a2d1-c065-4a89-89ae-7253d70c5899
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711195.0
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2023-12-16 00:00:00 UTC
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Notable Monday Option Activity: CAVA, MARA, SNOW
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DCOMP
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-cava-mara-snow
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CAVA Group Inc (Symbol: CAVA), where a total volume of 16,667 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 60.3% of CAVA's average daily trading volume over the past month, of 2.8 million shares. Particularly high volume was seen for the $42 strike call option expiring December 22, 2023, with 1,280 contracts trading so far today, representing approximately 128,000 underlying shares of CAVA. Below is a chart showing CAVA's trailing twelve month trading history, with the $42 strike highlighted in orange:
Marathon Digital Holdings Inc (Symbol: MARA) saw options trading volume of 308,403 contracts, representing approximately 30.8 million underlying shares or approximately 59.8% of MARA's average daily trading volume over the past month, of 51.6 million shares. Particularly high volume was seen for the $20 strike call option expiring December 22, 2023, with 18,825 contracts trading so far today, representing approximately 1.9 million underlying shares of MARA. Below is a chart showing MARA's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Snowflake Inc (Symbol: SNOW) saw options trading volume of 35,284 contracts, representing approximately 3.5 million underlying shares or approximately 57.3% of SNOW's average daily trading volume over the past month, of 6.2 million shares. Particularly high volume was seen for the $205 strike call option expiring December 22, 2023, with 7,876 contracts trading so far today, representing approximately 787,600 underlying shares of SNOW. Below is a chart showing SNOW's trailing twelve month trading history, with the $205 strike highlighted in orange:
For the various different available expirations for CAVA options, MARA options, or SNOW options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Stocks with Recent Secondaries That Hedge Funds Are Buying
FRBK Stock Predictions
Top Ten Hedge Funds Holding JMAC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $42 strike call option expiring December 22, 2023, with 1,280 contracts trading so far today, representing approximately 128,000 underlying shares of CAVA. Particularly high volume was seen for the $20 strike call option expiring December 22, 2023, with 18,825 contracts trading so far today, representing approximately 1.9 million underlying shares of MARA. Particularly high volume was seen for the $205 strike call option expiring December 22, 2023, with 7,876 contracts trading so far today, representing approximately 787,600 underlying shares of SNOW.
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Below is a chart showing CAVA's trailing twelve month trading history, with the $42 strike highlighted in orange: Marathon Digital Holdings Inc (Symbol: MARA) saw options trading volume of 308,403 contracts, representing approximately 30.8 million underlying shares or approximately 59.8% of MARA's average daily trading volume over the past month, of 51.6 million shares. Particularly high volume was seen for the $20 strike call option expiring December 22, 2023, with 18,825 contracts trading so far today, representing approximately 1.9 million underlying shares of MARA. Below is a chart showing MARA's trailing twelve month trading history, with the $20 strike highlighted in orange: And Snowflake Inc (Symbol: SNOW) saw options trading volume of 35,284 contracts, representing approximately 3.5 million underlying shares or approximately 57.3% of SNOW's average daily trading volume over the past month, of 6.2 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CAVA Group Inc (Symbol: CAVA), where a total volume of 16,667 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing CAVA's trailing twelve month trading history, with the $42 strike highlighted in orange: Marathon Digital Holdings Inc (Symbol: MARA) saw options trading volume of 308,403 contracts, representing approximately 30.8 million underlying shares or approximately 59.8% of MARA's average daily trading volume over the past month, of 51.6 million shares. Below is a chart showing MARA's trailing twelve month trading history, with the $20 strike highlighted in orange: And Snowflake Inc (Symbol: SNOW) saw options trading volume of 35,284 contracts, representing approximately 3.5 million underlying shares or approximately 57.3% of SNOW's average daily trading volume over the past month, of 6.2 million shares.
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Below is a chart showing CAVA's trailing twelve month trading history, with the $42 strike highlighted in orange: Marathon Digital Holdings Inc (Symbol: MARA) saw options trading volume of 308,403 contracts, representing approximately 30.8 million underlying shares or approximately 59.8% of MARA's average daily trading volume over the past month, of 51.6 million shares. Particularly high volume was seen for the $20 strike call option expiring December 22, 2023, with 18,825 contracts trading so far today, representing approximately 1.9 million underlying shares of MARA. Below is a chart showing MARA's trailing twelve month trading history, with the $20 strike highlighted in orange: And Snowflake Inc (Symbol: SNOW) saw options trading volume of 35,284 contracts, representing approximately 3.5 million underlying shares or approximately 57.3% of SNOW's average daily trading volume over the past month, of 6.2 million shares.
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6f11cfc8-370d-48d8-8d9b-e34ab587bace
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711196.0
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2023-12-16 00:00:00 UTC
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Noteworthy Monday Option Activity: UTZ, AGM, CCL
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DCOMP
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-utz-agm-ccl
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Utz Brands Inc (Symbol: UTZ), where a total of 3,605 contracts have traded so far, representing approximately 360,500 underlying shares. That amounts to about 47% of UTZ's average daily trading volume over the past month of 767,510 shares. Particularly high volume was seen for the $17.50 strike call option expiring January 19, 2024, with 2,312 contracts trading so far today, representing approximately 231,200 underlying shares of UTZ. Below is a chart showing UTZ's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
Federal Agricultural Mortgage Corp (Symbol: AGM) options are showing a volume of 242 contracts thus far today. That number of contracts represents approximately 24,200 underlying shares, working out to a sizeable 46.9% of AGM's average daily trading volume over the past month, of 51,560 shares. Especially high volume was seen for the $240 strike call option expiring May 17, 2024, with 75 contracts trading so far today, representing approximately 7,500 underlying shares of AGM. Below is a chart showing AGM's trailing twelve month trading history, with the $240 strike highlighted in orange:
And Carnival Corp (Symbol: CCL) options are showing a volume of 133,447 contracts thus far today. That number of contracts represents approximately 13.3 million underlying shares, working out to a sizeable 45.5% of CCL's average daily trading volume over the past month, of 29.4 million shares. Particularly high volume was seen for the $20 strike call option expiring February 16, 2024, with 20,734 contracts trading so far today, representing approximately 2.1 million underlying shares of CCL. Below is a chart showing CCL's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for UTZ options, AGM options, or CCL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
CBLI Videos
ILPT Insider Buying
Top Ten Hedge Funds Holding THW
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $17.50 strike call option expiring January 19, 2024, with 2,312 contracts trading so far today, representing approximately 231,200 underlying shares of UTZ. Especially high volume was seen for the $240 strike call option expiring May 17, 2024, with 75 contracts trading so far today, representing approximately 7,500 underlying shares of AGM. Particularly high volume was seen for the $20 strike call option expiring February 16, 2024, with 20,734 contracts trading so far today, representing approximately 2.1 million underlying shares of CCL.
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Below is a chart showing UTZ's trailing twelve month trading history, with the $17.50 strike highlighted in orange: Federal Agricultural Mortgage Corp (Symbol: AGM) options are showing a volume of 242 contracts thus far today. Below is a chart showing AGM's trailing twelve month trading history, with the $240 strike highlighted in orange: And Carnival Corp (Symbol: CCL) options are showing a volume of 133,447 contracts thus far today. That number of contracts represents approximately 13.3 million underlying shares, working out to a sizeable 45.5% of CCL's average daily trading volume over the past month, of 29.4 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Utz Brands Inc (Symbol: UTZ), where a total of 3,605 contracts have traded so far, representing approximately 360,500 underlying shares. Particularly high volume was seen for the $17.50 strike call option expiring January 19, 2024, with 2,312 contracts trading so far today, representing approximately 231,200 underlying shares of UTZ. Particularly high volume was seen for the $20 strike call option expiring February 16, 2024, with 20,734 contracts trading so far today, representing approximately 2.1 million underlying shares of CCL.
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Particularly high volume was seen for the $17.50 strike call option expiring January 19, 2024, with 2,312 contracts trading so far today, representing approximately 231,200 underlying shares of UTZ. Especially high volume was seen for the $240 strike call option expiring May 17, 2024, with 75 contracts trading so far today, representing approximately 7,500 underlying shares of AGM. Below is a chart showing CCL's trailing twelve month trading history, with the $20 strike highlighted in orange: For the various different available expirations for UTZ options, AGM options, or CCL options, visit StockOptionsChannel.com.
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6d560211-8e5f-4e75-b4a1-544807d4aa9f
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711197.0
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2023-12-16 00:00:00 UTC
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Notable Monday Option Activity: FCX, SAM, COOP
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DCOMP
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-fcx-sam-coop
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (Symbol: FCX), where a total volume of 59,354 contracts has been traded thus far today, a contract volume which is representative of approximately 5.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.5% of FCX's average daily trading volume over the past month, of 13.0 million shares. Especially high volume was seen for the $43 strike call option expiring December 22, 2023, with 10,966 contracts trading so far today, representing approximately 1.1 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $43 strike highlighted in orange:
Boston Beer Co Inc (Symbol: SAM) saw options trading volume of 424 contracts, representing approximately 42,400 underlying shares or approximately 45.5% of SAM's average daily trading volume over the past month, of 93,145 shares. Especially high volume was seen for the $350 strike put option expiring March 15, 2024, with 157 contracts trading so far today, representing approximately 15,700 underlying shares of SAM. Below is a chart showing SAM's trailing twelve month trading history, with the $350 strike highlighted in orange:
And Mr Cooper Group Inc (Symbol: COOP) options are showing a volume of 2,723 contracts thus far today. That number of contracts represents approximately 272,300 underlying shares, working out to a sizeable 45% of COOP's average daily trading volume over the past month, of 604,635 shares. Particularly high volume was seen for the $65 strike put option expiring January 19, 2024, with 2,114 contracts trading so far today, representing approximately 211,400 underlying shares of COOP. Below is a chart showing COOP's trailing twelve month trading history, with the $65 strike highlighted in orange:
For the various different available expirations for FCX options, SAM options, or COOP options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Healthcare Dividend Stock List
CVGW Options Chain
MS Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $43 strike call option expiring December 22, 2023, with 10,966 contracts trading so far today, representing approximately 1.1 million underlying shares of FCX. Especially high volume was seen for the $350 strike put option expiring March 15, 2024, with 157 contracts trading so far today, representing approximately 15,700 underlying shares of SAM. Particularly high volume was seen for the $65 strike put option expiring January 19, 2024, with 2,114 contracts trading so far today, representing approximately 211,400 underlying shares of COOP.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (Symbol: FCX), where a total volume of 59,354 contracts has been traded thus far today, a contract volume which is representative of approximately 5.9 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $43 strike call option expiring December 22, 2023, with 10,966 contracts trading so far today, representing approximately 1.1 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $43 strike highlighted in orange: Boston Beer Co Inc (Symbol: SAM) saw options trading volume of 424 contracts, representing approximately 42,400 underlying shares or approximately 45.5% of SAM's average daily trading volume over the past month, of 93,145 shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (Symbol: FCX), where a total volume of 59,354 contracts has been traded thus far today, a contract volume which is representative of approximately 5.9 million underlying shares (given that every 1 contract represents 100 underlying shares). Especially high volume was seen for the $43 strike call option expiring December 22, 2023, with 10,966 contracts trading so far today, representing approximately 1.1 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $43 strike highlighted in orange: Boston Beer Co Inc (Symbol: SAM) saw options trading volume of 424 contracts, representing approximately 42,400 underlying shares or approximately 45.5% of SAM's average daily trading volume over the past month, of 93,145 shares.
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Especially high volume was seen for the $43 strike call option expiring December 22, 2023, with 10,966 contracts trading so far today, representing approximately 1.1 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $43 strike highlighted in orange: Boston Beer Co Inc (Symbol: SAM) saw options trading volume of 424 contracts, representing approximately 42,400 underlying shares or approximately 45.5% of SAM's average daily trading volume over the past month, of 93,145 shares. Below is a chart showing COOP's trailing twelve month trading history, with the $65 strike highlighted in orange: For the various different available expirations for FCX options, SAM options, or COOP options, visit StockOptionsChannel.com.
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75338155-6725-45db-9616-982d2b0b4693
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711198.0
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2023-12-16 00:00:00 UTC
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US natgas prices gain on higher demand, strong LNG exports
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DCOMP
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https://www.nasdaq.com/articles/us-natgas-prices-gain-on-higher-demand-strong-lng-exports
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nan
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nan
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Adds latest prices
Dec 18 (Reuters) - U.S. natural gas futures pared earlier gains on Monday, but still climbed for a fourth straight session, lifted by seasonal demand and as record amounts of gas flowed to liquefied natural gas (LNG) export plants.
Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange (NYMEX) settled 1.2 cents, or 0.5%, higher at $2.503 per million British thermal units, after having risen as much as 4.3% earlier.
"We're seeing a little bit of weather-based demand creeping onto the maps ... There is more hope for the natural gas markets as we continue to see strong exports as the LNG terminals are consuming roughly 15 billion cubic feet a day and that's going to continue," said Gary Cunningham, director of market research at Tradition Energy.
Gas flows to the seven big U.S. LNG export plants have risen to an average of 14.7 bcfd so far in December, up from a record 14.3 bcfd in November.
Financial firm LSEG forecast U.S. gas demand in the Lower 48, including exports, at 126.7 bcfd this week, up from last week's 125 bcfd, buoyed by the usual seasonal cooling at this time of year. However, demand was projected to slide to 122.0 bcfd during the next week when many businesses and government offices shut for the Christmas holiday.
Market participants also took stock of the mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea that are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez Canal, which connects the Mediterranean with the Red Sea.
"Given the importance of the Red Sea and Suez Canal as a crucial transit point for both crude oil and natural gas, these suspensions mean that cargos face a lengthy diversion around the Horn of Africa which will add significant costs to company supply chains, as well as having significant inflationary impacts," Michael Hewson, chief market analyst at CMC Markets, said in a note.
Goldman Sachs, in a note, said disruptions to Suez Canal traffic would have only a limited impact on LNG markets as they would not significantly reduce global availability.
"We note that no Suez-related LNG flow disruption has been reported at this point, to our knowledge, though today's announcement by BP that it will halt all of its shipments through the Red Sea suggests this is likely to happen to some degree."
Earlier last week, the front-month was trading in technically oversold territory. Prices were down more than 20% in the month of November.
"Perhaps this is the market's way of saying – Oops, prices have fallen too far and we need to get them up a bit," said Zhen Zhu, managing consultant at C.H. Guernsey and Company in Oklahoma City.
"The degree of price uptick depends on how severe the January and February cold weather will be."
LSEG said average gas output in the Lower 48 U.S. states has risen to 108.4 bcfd so far in December from a record 108.3 bcfd in November.
U.S. gas prices could start rising due to progressive erosion of a domestic inventory overhang and to higher international demand for U.S. gas and LNG, Intesa Sanpaolo said in a note.
"In our baseline scenario, we forecast the first month Henry Hub natural gas future to average $3.2/MMBtu in 2024."
Week ended Dec 15 Forecast
Week ended Dec 8 Actual
Year ago Dec 15
Five-year average
Dec 15
U.S. weekly natgas storage change (bcf):
-80
-55
-82
-107
U.S. total natgas in storage (bcf):
3,584
3,664
3,337
3,297
U.S. total storage versus 5-year average
8.7%
7.6%
Global Gas Benchmark Futures ($ per mmBtu)
Current Day
Prior Day
This Month Last Year
Prior Year Average 2022
Five Year Average (2017-2021)
Henry Hub NGc1
2.57
2.40
5.77
6.54
2.89
Title Transfer Facility (TTF) TRNLTTFMc1
11.23
10.83
36.68
40.50
7.49
Japan Korea Marker (JKM) JKMc1
11.77
15.33
32.34
34.11
8.95
LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days
Two-Week Total Forecast
Current Day
Prior Day
Prior Year
10-Year Norm
30-Year Norm
U.S. GFS HDDs
324
334
362
367
381
U.S. GFS CDDs
1
1
11
6
5
U.S. GFS TDDs
325
335
373
373
38
LSEG U.S. Weekly GFS Supply and Demand Forecasts
Prior Week
Current Week
Next Week
This Week Last Year
Five-Year (2018-2022) Average For Month
U.S. Supply (bcfd)
U.S. Lower 48 Dry Production
108.9
108.7
108.7
102.8
94.2
U.S. Imports from Canada8
8.6
8.5
8.9
10.0
9.1
U.S. LNG Imports
0.0
0.0
0.0
0.0
0.2
Total U.S. Supply
117.5
117.2
117.7
112.8
103.5
U.S. Demand (bcfd)
U.S. Exports to Canada
3.4
3.3
3.3
3.4
3.2
U.S. Exports to Mexico
3.8
3.9
4.4
5.2
5.0
U.S. LNG Exports
14.7
15.0
14.5
12.6
8.6
U.S. Commercial
13.8
13.9
13.1
15.4
14.6
U.S. Residential
22.3
22.5
21.2
25.8
24.7
U.S. Power Plant
34.1
35.2
33.3
30.4
28.6
U.S. Industrial
24.7
24.7
24.1
24.7
25.0
U.S. Plant Fuel
5.4
5.4
5.4
5.3
5.3
U.S. Pipe Distribution
2.7
2.8
2.7
2.7
2.9
U.S. Vehicle Fuel
0.1
0.1
0.1
0.1
0.1
Total U.S. Consumption
103.1
104.5
99.9
104.4
101.2
Total U.S. Demand
125.0
126.7
122.0
125.6
118.0
U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam
Current Day % of Normal Forecast
Prior Day % of Normal Forecast
2023
% of Normal Actual
2022 % of Normal Actual
2021 % of Normal Actual
Apr-Sep
82
83
83
107
81
Jan-Jul
81
81
77
102
79
Oct-Sep
81
82
76
103
81
U.S. weekly power generation percent by fuel - EIA
Week ended Dec 22
Week ended Dec 15
Week ended Dec 8
Week ended Dec 1
Week ended Nov 24
Wind
11
12
10
11
Solar
3
3
3
3
Hydro
6
5
6
6
Other
2
2
2
2
Petroleum
0
0
0
0
Natural Gas
41
40
42
39
Coal
17
17
17
16
Nuclear
20
21
20
22
SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)
Hub
Current Day
Prior Day
Henry Hub NG-W-HH-SNL
2.44
2.39
Transco Z6 New York NG-CG-NY-SNL
1.64
1.74
PG&E Citygate NG-CG-PGE-SNL
3.93
3.85
Eastern Gas (old Dominion South) NG-PCN-APP-SNL
1.54
1.64
Chicago Citygate NG-CG-CH-SNL
2.20
2.12
Algonquin Citygate NG-CG-BS-SNL
1.88
2.02
SoCal Citygate NG-SCL-CGT-SNL
3.48
3.60
Waha Hub NG-WAH-WTX-SNL
1.96
1.94
AECO NG-ASH-ALB-SNL
1.76
1.25
SNL U.S. Power Next-Day Prices ($ per megawatt-hour)
Hub
Current Day
Prior Day
New England EL-PK-NPMS-SNL
27.00
28.25
PJM West EL-PK-PJMW-SNL
24.50
32.50
Ercot North EL-PK-ERTN-SNL
18.00
22.00
Mid C EL-PK-MIDC-SNL
62.68
51.00
Palo Verde EL-PK-PLVD-SNL
47.00
52.25
SP-15 EL-PK-SP15-SNL
43.50
54.50
(Reporting by Sherin Elizabeth Varghese and Ashitha Shivaprasad in Bengaluru; Additional Reporting by Daksh Grover, Editing by Paul Simao and Cynthia Osterman)
((Ashitha.Shivaprasad@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange (NYMEX) settled 1.2 cents, or 0.5%, higher at $2.503 per million British thermal units, after having risen as much as 4.3% earlier. Goldman Sachs, in a note, said disruptions to Suez Canal traffic would have only a limited impact on LNG markets as they would not significantly reduce global availability. "We note that no Suez-related LNG flow disruption has been reported at this point, to our knowledge, though today's announcement by BP that it will halt all of its shipments through the Red Sea suggests this is likely to happen to some degree."
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Week ended Dec 15 Forecast Week ended Dec 8 Actual Year ago Dec 15 Five-year average Dec 15 U.S. weekly natgas storage change (bcf): -80 -55 -82 -107 U.S. total natgas in storage (bcf): 3,584 3,664 3,337 3,297 U.S. total storage versus 5-year average 8.7% 7.6% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.57 2.40 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.23 10.83 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 11.77 15.33 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 324 334 362 367 381 U.S. GFS CDDs 1 1 11 6 5 U.S. GFS TDDs 325 335 373 373 38 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.9 108.7 108.7 102.8 94.2 U.S. Imports from Canada8 8.6 8.5 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 117.2 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.4 3.3 3.3 3.4 3.2 U.S. Exports to Mexico 3.8 3.9 4.4 5.2 5.0 U.S. LNG Exports 14.7 15.0 14.5 12.6 8.6 U.S. Commercial 13.8 13.9 13.1 15.4 14.6 U.S. Consumption 103.1 104.5 99.9 104.4 101.2 Total U.S. Demand 125.0 126.7 122.0 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 82 83 83 107 81 Jan-Jul 81 81 77 102 79 Oct-Sep 81 82 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 22 Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Wind 11 12 10 11 Solar 3 3 3 3 Hydro 6 5 6 6 Other 2 2 2 2 Petroleum 0 0 0 0 Natural Gas 41 40 42 39 Coal 17 17 17 16 Nuclear 20 21 20 22 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.44 2.39 Transco Z6 New York NG-CG-NY-SNL 1.64 1.74 PG&E Citygate NG-CG-PGE-SNL 3.93 3.85 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.54 1.64 Chicago Citygate NG-CG-CH-SNL 2.20 2.12 Algonquin Citygate NG-CG-BS-SNL 1.88 2.02 SoCal Citygate NG-SCL-CGT-SNL 3.48 3.60 Waha Hub NG-WAH-WTX-SNL 1.96 1.94 1.76 1.25 SNL U.S. Power Next-Day Prices ($ per megawatt-hour) Hub Current Day Prior Day New England EL-PK-NPMS-SNL 27.00 28.25 PJM West EL-PK-PJMW-SNL 24.50 32.50 Ercot North EL-PK-ERTN-SNL 18.00 22.00 Mid C EL-PK-MIDC-SNL 62.68 51.00 Palo Verde EL-PK-PLVD-SNL 47.00 52.25
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Adds latest prices Dec 18 (Reuters) - U.S. natural gas futures pared earlier gains on Monday, but still climbed for a fourth straight session, lifted by seasonal demand and as record amounts of gas flowed to liquefied natural gas (LNG) export plants. Week ended Dec 15 Forecast Week ended Dec 8 Actual Year ago Dec 15 Five-year average Dec 15 U.S. weekly natgas storage change (bcf): -80 -55 -82 -107 U.S. total natgas in storage (bcf): 3,584 3,664 3,337 3,297 U.S. total storage versus 5-year average 8.7% 7.6% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.57 2.40 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.23 10.83 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 11.77 15.33 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 324 334 362 367 381 U.S. GFS CDDs 1 1 11 6 5 U.S. GFS TDDs 325 335 373 373 38 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.9 108.7 108.7 102.8 94.2 U.S. Imports from Canada8 8.6 8.5 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 117.2 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.4 3.3 3.3 3.4 3.2 U.S. Exports to Mexico 3.8 3.9 4.4 5.2 5.0 U.S. LNG Exports 14.7 15.0 14.5 12.6 8.6 U.S. Commercial 13.8 13.9 13.1 15.4 14.6 U.S. Consumption 103.1 104.5 99.9 104.4 101.2 Total U.S. Demand 125.0 126.7 122.0 125.6 118.0 U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam Current Day % of Normal Forecast Prior Day % of Normal Forecast 2023 % of Normal Actual 2022 % of Normal Actual 2021 % of Normal Actual Apr-Sep 82 83 83 107 81 Jan-Jul 81 81 77 102 79 Oct-Sep 81 82 76 103 81 U.S. weekly power generation percent by fuel - EIA Week ended Dec 22 Week ended Dec 15 Week ended Dec 8 Week ended Dec 1 Week ended Nov 24 Wind 11 12 10 11 Solar 3 3 3 3 Hydro 6 5 6 6 Other 2 2 2 2 Petroleum 0 0 0 0 Natural Gas 41 40 42 39 Coal 17 17 17 16 Nuclear 20 21 20 22 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub NG-W-HH-SNL 2.44 2.39 Transco Z6 New York NG-CG-NY-SNL 1.64 1.74 PG&E Citygate NG-CG-PGE-SNL 3.93 3.85 Eastern Gas (old Dominion South) NG-PCN-APP-SNL 1.54 1.64 Chicago Citygate NG-CG-CH-SNL 2.20 2.12 Algonquin Citygate NG-CG-BS-SNL 1.88 2.02 SoCal Citygate NG-SCL-CGT-SNL 3.48 3.60 Waha Hub NG-WAH-WTX-SNL 1.96 1.94
|
Gas flows to the seven big U.S. LNG export plants have risen to an average of 14.7 bcfd so far in December, up from a record 14.3 bcfd in November. Financial firm LSEG forecast U.S. gas demand in the Lower 48, including exports, at 126.7 bcfd this week, up from last week's 125 bcfd, buoyed by the usual seasonal cooling at this time of year. Week ended Dec 15 Forecast Week ended Dec 8 Actual Year ago Dec 15 Five-year average Dec 15 U.S. weekly natgas storage change (bcf): -80 -55 -82 -107 U.S. total natgas in storage (bcf): 3,584 3,664 3,337 3,297 U.S. total storage versus 5-year average 8.7% 7.6% Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Last Year Prior Year Average 2022 Five Year Average (2017-2021) Henry Hub NGc1 2.57 2.40 5.77 6.54 2.89 Title Transfer Facility (TTF) TRNLTTFMc1 11.23 10.83 36.68 40.50 7.49 Japan Korea Marker (JKM) JKMc1 11.77 15.33 32.34 34.11 8.95 LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm U.S. GFS HDDs 324 334 362 367 381 U.S. GFS CDDs 1 1 11 6 5 U.S. GFS TDDs 325 335 373 373 38 LSEG U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Last Year Five-Year (2018-2022) Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 108.9 108.7 108.7 102.8 94.2 U.S. Imports from Canada8 8.6 8.5 8.9 10.0 9.1 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 117.5 117.2 117.7 112.8 103.5 U.S. Demand (bcfd) U.S. Exports to Canada 3.4 3.3 3.3 3.4 3.2 U.S. Exports to Mexico 3.8 3.9 4.4 5.2 5.0 U.S. LNG Exports 14.7 15.0 14.5 12.6 8.6 U.S. Commercial 13.8 13.9 13.1 15.4 14.6 U.S.
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b3890769-2230-480f-87b7-0deeb603b6da
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711199.0
|
2023-12-16 00:00:00 UTC
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Abbott (ABT) Rises Higher Than Market: Key Facts
|
DCOMP
|
https://www.nasdaq.com/articles/abbott-abt-rises-higher-than-market%3A-key-facts-0
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nan
|
nan
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Abbott (ABT) closed the latest trading day at $108.06, indicating a +0.72% change from the previous session's end. This change outpaced the S&P 500's 0.45% gain on the day.
Market participants will be closely following the financial results of Abbott in its upcoming release. It is anticipated that the company will report an EPS of $1.19, marking a 15.53% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $10.14 billion, reflecting a 0.49% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and revenue of $40.01 billion, which would represent changes of -16.85% and -8.35%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Abbott. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Abbott is currently a Zacks Rank #3 (Hold).
In terms of valuation, Abbott is currently trading at a Forward P/E ratio of 24.16. This signifies a premium in comparison to the average Forward P/E of 21.73 for its industry.
We can also see that ABT currently has a PEG ratio of 2.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. ABT's industry had an average PEG ratio of 2.72 as of yesterday's close.
The Medical - Products industry is part of the Medical sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 43% 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 ABT in the coming trading sessions, be sure to utilize Zacks.com.
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Abbott Laboratories (ABT) : 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.
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At the same time, our most recent consensus estimate is projecting a revenue of $10.14 billion, reflecting a 0.49% rise from the equivalent quarter last year. 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%.
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Abbott (ABT) closed the latest trading day at $108.06, indicating a +0.72% change from the previous session's end. At the same time, our most recent consensus estimate is projecting a revenue of $10.14 billion, reflecting a 0.49% rise from the equivalent quarter last year. Click to get this free report Abbott Laboratories (ABT) : Free Stock Analysis Report To read this article on Zacks.com click here.
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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 group has a Zacks Industry Rank of 144, putting it in the bottom 43% 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.
|
Abbott (ABT) closed the latest trading day at $108.06, indicating a +0.72% change from the previous session's end. 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?
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ea73d97e-4974-42d3-b6a2-e0831fc5458f
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